Bought a "salvage" auction GS...turned out surpising
#17
#18
Frame could have been damaged from that rear end hit.
BUT I still can't see where it says that this particular car is classified as salvage.
OP said he bought this car from auction that sells salvage cars not that this car is salvage.
I admit you can make conclusions from that but the title says "salvage" so...
How is it OP, was this particular car classified as salvage?
BUT I still can't see where it says that this particular car is classified as salvage.
OP said he bought this car from auction that sells salvage cars not that this car is salvage.
I admit you can make conclusions from that but the title says "salvage" so...
How is it OP, was this particular car classified as salvage?
#20
Lead Lap
iTrader: (2)
Join Date: Apr 2010
Location: CA
Posts: 558
Likes: 0
Received 0 Likes
on
0 Posts
SiCcNeSs is correct. An insurer will salvage a car if the estimated repair exceeds a percentage of the value. For example, if the car books at $10,000, the insurer will most likely consider the car a total loss if the cost of repair is around $5,000. At that point, the insurer pays out the car owner and sells the car to an auction yard to recoup some of their costs. Here in CA, insurers often give you the opportunity to buy your car back for a cheap price. In that case, they will pay you out minus what you buy the car for. If a car is bought at an auction or back from the insurer after a total loss, the car can be re-registered as a 'salvage title' vehicle. Usually salvage title vehicles are not appraised as high as a clean title vehicle. Also Carmax will not buy them from customers.
#22
SiCcNeSs is correct. An insurer will salvage a car if the estimated repair exceeds a percentage of the value. For example, if the car books at $10,000, the insurer will most likely consider the car a total loss if the cost of repair is around $5,000. At that point, the insurer pays out the car owner and sells the car to an auction yard to recoup some of their costs. Here in CA, insurers often give you the opportunity to buy your car back for a cheap price. In that case, they will pay you out minus what you buy the car for. If a car is bought at an auction or back from the insurer after a total loss, the car can be re-registered as a 'salvage title' vehicle. Usually salvage title vehicles are not appraised as high as a clean title vehicle. Also Carmax will not buy them from customers.
So it appears that the rear end repair costs are enough to make this car as salvage.
Or atleast the insurer thinks that.
#23
Lexus Test Driver
Very good pickup man! I'm glad you got all the service records. Makes car a whole lot easier to deal with. Trunk repair shouldn't be too expensive. Look around read on here for resources! Good luck bro! Please post more pics!
#26
Driver School Candidate
Titan: I see you are in NC. Be sure and check out the self-service junk yards in your area. Google "pull a part", "pick n pull" and "pull it yourself". Foss and LKQ are good places to look also. I am new to Lexus ownership, so I can't provide any tips.
#27
Pit Crew
Thread Starter
Thanks guys! I am a pull apart guru lol. These cars are NEVER in local junk yards. You migh find a few sc300's or first gen gs300. I already picked up some new tails and a silver trunk from two guys off this forum.
The car has chassis damage like I stated. The tail is bent in. My buddy is going to start on the pull this week. I'll post pics. Again, I know it'll never be perfect, but I should be able to squeez "decent". I can't wait to finish it and clean/wax it. The condition is astonishing to be honest!
I'm selling the my LS430 here in a week or two so this wil be my "beater" lol.
#30
Pit Crew
Thread Starter
lol yea, I'll do the bumper little later. i pulled it out about 1.30". If you look at the driver side trunk gap its larger. Did as good as i could for what i used and having next to no experience with pulling sheet metal lol. Pictures look a tad better than real life, but good god its so much improved. Once i do the bumper though, it'll fool many.