http://www.carscoops.com/2017/09/som...us-lc-500.html
If you're reading this, feel free to drop in and share your story. To those who'd like to cop for cheap, this is your chance.

 

Don't fall for it, unless you are a mechanic, the cost to fix can be as much as the new one if you don't know anything about mechanics and have some one fix it for you.

 

You can restore any kind of damage into working condition but it's never ever going to be as intended proper working condition. Frame on this car is most likely dislocated due to impact, good luck getting a proper alignment on it

 

I agree. Even repaired, with that history, the car is worth something around $60K at most, probably less. Just for comparison, there is a 2014 Porsche 911S for sale at CarMax after being repaired following an accident much less severe than this one (no air bag deployment, no drive train damage, etc.) CarMax has been trying to sell the car for two and a half years (!!!) with $20K in price reductions, and it is still sitting on their lot. For this type of car, damage history, even with professional restoration, is a sales killer.

 

Once fixed, it's worth half with a salvage title, no bank is going to loan money on a salvage title vehicle...

 

It might be good after it is restored for daily driving and no intentions to sell it . Of course, it has to be at good price.

 

good luck getting a loan and insurance on a salvaged car

 

Gee! Maybe i could use it for parts to build my SC! LOL. They can't even get hellcats a quarter mile down the road before they crash them.

 

I've never seen insurance being an issue on rebuilt title cars, would be an awesome daily for half the price for the right person

 

I bought salvage title car once, but it was not a rebuilt title and it was a lower end car. The insurance insured it.

 

False. I financed a 2014 Ram 3500 Longhorn for my business that was rolled. I yanked the bed and put a flatbed on it, and got cab, fenders, hood, grille and headlights from a junkyard and had it all wrapped. All total, the truck cost me $20k. It was fully loaded with 8,000 miles and had an insurance estimate of $52,000 to repair. I bought the truck for 15k, and put 5k in it, most of which was the wrap. the only mechanical damage was to the front suspension, and I had that fixed as well. USAA non only financed it, they also financed all the repairs. Truck has 280,000 miles on it now, and is probably only worth 10k, but likely won't ever be worth less because of the Cummins and the flatbed/gooseneck setup i have on it.

As long as its branded "rebuilt" and not salvage, its not a problem. The folks that have problems are the ones that buy them, fix them, and never get the title switched from "Salvage" to "Rebuilt".

I carry commercial insurance on the truck mentioned above, and it costs no more than any other commercial policy.

Now, it is true that rebuilt cars are worth less, in some cases by half or more. But in the case of certain types of cars (exotics, etc), it doesn't matter as much. Case in point, I saw a 458 Italia the other day with a rebuilt title for 165k. It had 21,000 miles, and looked great! If I had the desire to maintain a Ferrari at this juncture in life, I might have bought it.

 

The powertrain ought to find its way under a Deuce Coupe or T-Bucket...

 

Yeah, would serve as a decent base for a project car, if it's done by somebody that knows what they're doing. An attempt to completely restore the vehicle would be a waste of effort.