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Date: 7-4-09 01:47
From: tdskipx
Subject: Buying a car with a salavge title - ever a good idea?
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Hi guys - I have a chance of buying a 1975 2002 with a recently rebuilt engine, upgrade 320i 5 speed box and a bunch of other upgrades. She's ugly, but solid. She needs paint but since new has been a SoCal car.
She'd be a driver, not looking to build a show car.
Here is the rub, she has a salvage title. Not sure if I can confirm why. I didn't see any evidence of being hit so I'm assuming it was a theft recovery or similar.
The plan would be to get her sorted out for long distance touring, but I know the salvage issue really impacts her resale value.
What do you think? Any coaching for me?
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Date: 7-4-09 02:38
From: tdskipx
Subject: Re: Buying a car with a salavge title - ever a good idea?
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Thanks guys - appreciate the fast responses.
Is there any independant way to tell why it was salvaged?
Maybe this is the excuse I need to build a race car - lol.
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Date: 7-4-09 02:46
From: sislane in New Hampshire
Subject: Re: Buying a car with a salavge title - ever a good idea?
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what color is it?? Or what's the VIN#? Any pics?
Was it an automatic b4 converted to 5 spd?
Scott _________________ 1975 2002A Sahara - sold Feb 2008
1976 2002
http://sislane.zoints.com
www.bmw2002.us
www.bmw2002.byethost8.com
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Date: 7-4-09 03:31
From: tdskipx
Subject: Re: Buying a car with a salavge title - ever a good idea?
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The following number was stamped into the metal on the body, passenger side near the shock is 2782622.
The number stamped on the plate was 2782622, so they appear to match anyway.
Here is a link to the ad in case anyone here as seen the car;
http://orangecounty.craigslist.org/cto/1240255499.html
The paint is coming off in sheets but the metal underneath looks solid enough. The shock towers and rockers/sills looked OK. There was undercoating on the underside of the floors but they seemed solid and I didn't see any evidence of welding.
She is going to need a lot of attention but I was thinking I could do a rolling rehab since she does run OK.
Take me to school guys - it isn't like I need to buy her.
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Date: 7-4-09 04:18
From: jrhone in Newport Beach, Ca
Subject: Re: Buying a car with a salavge title - ever a good idea?
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Is it a REAL Tii or one rebuilt to Tii specs? When they said big drum rear upgrade that leads me to believe its not a true Tii, just a 2002 with a Tii engine and upgrades...if thats the case its a bit high, in fact it still may be a bit high unless the engine is rebuilt and runs VERY well...for 4k and a salvage title, I'd expect a very solid car the may need ONLY paint. Also if you are looking for a nice driver, not really into the resale value, 4k buys you ALOT of car for a standard 2002...and remember a standard carb'd 2002 with some nice bits can be faster than a Tii....so performance wise if you are looking at engine mods the Tii may not be the way to go.... _________________ 1976 BMW 2002 Fjord Blue
Ireland Stage II-Bilstein Sports-Ireland Headers
Weber 38/38-284 Cam-9.5:1 Pistons. Tii Dist w/Pert.
14" BBS RZ
http://www.project2002.com
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Date: 7-4-09 04:24
From: tdskipx
Subject: Re: Buying a car with a salavge title - ever a good idea?
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Thanks guys. I'd only be into her for $2k.
Does that change the picture, or do you think I'm better off tracking down a no stories car. I'm trying to balance all the bits this one has, which have to be more than the $2k I'd be looking at, vs the salvage title and the iffy history.
I'd probably have to install a new harness as well, this car's wiring is pretty hacked up.
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Date: 7-4-09 04:31
From: sislane in New Hampshire
Subject: Re: Buying a car with a salavge title - ever a good idea?
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| tdskipx wrote: | Thanks guys. I'd only be into her for $2k.
Does that change the picture, or do you think I'm better off tracking down a no stories car. I'm trying to balance all the bits this one has, which have to be more than the $2k I'd be looking at, vs the salvage title and the iffy history.
I'd probably have to install a new harness as well, this car's wiring is pretty hacked up. |
I'd grab it. Who cares if it's an original Tii. Great motor, recaros, 5 speed. That's $7k+ alone. Big grake son rear too? cool.........
Buy it, drive it & have fun! _________________ 1975 2002A Sahara - sold Feb 2008
1976 2002
http://sislane.zoints.com
www.bmw2002.us
www.bmw2002.byethost8.com
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Date: 7-4-09 05:00
From: vinceinIL
Subject: Re: Buying a car with a salavge title - ever a good idea?
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Some vehicles get salvage titles for unknown reasons. Usually it's because it was in an accident or stolen and stripped and the insurance company felt it would be easier/cheaper to total the car rather than have it repaired. This decision isn't entirely up to the insurance commpany, either. The owner of the car can, if they wish, fight to keep the car or have the insurance company repair it. This varies to some extent by state.
I personally have no problems with buying and insuring a car with a salvage title, but it depends on why it was salvaged. Usually, the damage is not well-repaired, and there are lots of little parts missing. If the price is right, the car can be a deal for someone who wants to either use it the way it is, or work on it and fix it up correctly. Quickly reselling is never a good idea.
This sounds like a fun car, go for it if you want it!
Hope this helps,
vince
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Date: 7-5-09 01:04
From: Green2k2 in San Diego
Subject: Re: Buying a car with a salavge title - ever a good idea?
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| tdskipx wrote: | | Hi guys - I have a chance of buying a 1975 2002 ....? |
All it takes on a stock/base model 2002 to get totaled now-a-days is about $3.5/$4k worth of damage....and that can be done with any amount of nose/grill/hood damage..even with used parts, cheap labor and paint.
Some might have had a relatively minor 'fender-bender' (still structurally sound) and let the insurance company total the car...he bought it back for a couple hundred bucks and fixed the repairs on his own and kept the change.
...or like someone said, maybe it was stolen.
look really close behind the panels in the trunk for "new" paint or welds.
look really close for short welds under the hood where the fender meets the nose.
look to see how the bumper is attached. (aftermarket bolts/welds etc.)
IMO a 1975 in OK/running shape, with a salvaged title is only worth about $2.5k max. You can give-n-take a bit with the mods he has but that is up to you. As a DD I thinkyou'd be fine after checking for damage. _________________ Jack be nimble - Jack be quick
If Jack isn't, he's gonna get his ass burned!
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Date: 7-5-09 07:59
From: speedwell1966 in Athens, GA
Subject: Re: Buying a car with a salavge title - ever a good idea?
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Sounds like a decent deal to me... However I would call or at least get on your local dmvs website to see what your states policy is on salvage title cars. Looked on the GA DMV site ( for my 76) and they say that no car with a salvage title can be legally driven or registered in GA.
Just so you know to check that out before you commit! _________________ Zac Cardinal
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Date: 7-6-09 12:17
From: Pierre in Camarillo, CA
Subject: Re: Buying a car with a salavge title - ever a good idea?
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| tdskipx wrote: | Thanks guys. I'd only be into her for $2k.
Does that change the picture, or do you think I'm better off tracking down a no stories car. I'm trying to balance all the bits this one has, which have to be more than the $2k I'd be looking at, vs the salvage title and the iffy history.
I'd probably have to install a new harness as well, this car's wiring is pretty hacked up. |
For 2K, I would, especially a real tii. (VIN shows that it is.)
I bought my 69 2002 12 years ago with a salvaged title. I am not a purist but there are certain things I would not do to an early car that I did to mine because it was a salvaged car.
I am redoing the body in my 74tii. I am welding the trim holes shut, (upper, lower and rocker trim) cancelling the fuel filler cap, trunl lid roundel and all side markers, and repainting the whole car a non-BMW color, with a pinstripe where the upper trim used to be. It was originally Polaris. To some, it's blasphemy. If it was salvaged, then the small element of guilt would no longer be an issue.
I have my 69 insured as a classic, with State Farm with comprehensive and collision coverages. I have no issues. And it's registered in California.
Good luck. _________________ Pierre
69 2002 (M20), 74 tii, 74 2002, 76 530i (3.3), 79 323i, 89 325iA 4-door, 91 318is, 96 318ti (S52 project) 97 M3 4-door (wife)
http://home.roadrunner.com/~pchamaa/kamei_repro_spoiler.htm
O==00==O
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Date: 7-6-09 08:54
From: Gordon in Santa Barbara County
Subject: Re: Buying a car with a salavge title - ever a good idea?
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The pics of the tii in the linked craigslist ad were taken at Bill Holmes shop in San Diego county. I recognize Bill's shop in the pics since my tii spent a lot of time there when I used to live in San Diego. Bill is probably the best tii mechanic I've ever dealt with and there are two other very good tii mechanics in So Cal. Jack Fahuna and Rob Torres. He dialed in my tii better than anyone.
I suggest you contact Bill himself and he could tell you a lot more about that tii. His email is (760) 789-2002 or email him at williamdholmes@yahoo.com
G-Man
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