Quote:
Originally Posted by DE47
I greatly appreciate your knowledge on this Adam.
Back to the original post (and point). What if you found an 80s SC without any evidence of damage (and no way of finding out why it has a salvage title) and is in comparable condition to a clean SC with a clean title. How much less? 1/3?
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If there isn't any evidence of salvage history I would go with the 1/3 de-value, but like I said before they can be slow movers if you need to ever sell it quick, smaller pool of buyers. So if you are one to periodically liquidate assets a salvage title vehicle can be a not wise decision. But if you want the car for your collection and are ok with the salvage papers and will enjoy the car, then buy away. Like one of the other posters said, the older the car gets the less it matters, so if you plan to hold the car for a long time the damage will be minimized over time. The 993 I just bought has salvage history from around 2000, and was given a reconstructed title. I paid $5000 for it running so I wasn't too worried about it and I plan to keep it and autocross it.
One thing you didn't mention though, does it have a re-built title, or is it still a salvage title? If there is no damage and it still has a salvage title you may never get it titled. The reason is when you fix the car and get it inspected by the state to get a new title you have to show receipts for all the work as well as before and after pics, if you can't show this they may not clear the car. They do this to prevent people from using stolen parts to fix salvage cars and so they can see what the damage was. A lot of times you will see dealers selling a fixed car that still has a salvage title, they will say things in their ad like, "I've been driving this car for a year." but what they aren't telling you is that they slapped their dealer plates on the car, they never actually tried to register it, because you can't register it with a salvage title. Be careful, it's real easy to get screwed on a salvage car.
Good luck!