Quote:
Originally Posted by Poochie
Trust me, the only way a salvaged titled vehicle might work in your favor is if you have connections with a bodyshop to have them do the repairs, at a reduced cost.
Plus, more than likely, to re-register this vehicle, you have to go through a rigorous state salvage vehicle examination, which requires receipt for new air bags, seatbelt reels, safety equipments, ect, which just adds to the overall restoration cost.
TL : DR : Unless you have some hook-ups, take the full settlement and bail.
|
I was going to say exactly this. Only buy it if you can get it repaired and back on the road on a salvage title, because you want to own it forever. In MD, this is easily done as a friend of mine just did the same to an acura. took the payout check (totaled), got the car repaired from a cheap body shop, and registered as salvage title. No issues.
So if you can negotiate a good price, and know a shop that will fix it, and your state has ok laws about salvage, then do it. Otherwise take your check and buy an M2C
