Buying a CoPart RV!
Not sure I would ever buy something like this. Sure there can be deals to be had, but not this one!
Salvage DP
Salvage DP
Forum Discussion
- I have to agree. Something with a salvage title is not really worth much. After all. you can't even insure it, because they have paid off on it once already. Liability is all you could get, Unless I'm wrong, and don't think I am. So if anything happened. You would just be out what you paid to fix it, and buy it. Not a good deal. Unless you ca get it for nearly nothing, and I mean less than 5k.
dodge guy wrote:
Not sure I would ever buy something like this. Sure there can be deals to be had, but not this one!
Salvage DP
This was a killer deal, and an easy repair.
all repair parts should be available.
the most difficult for me would be the wire harness repair.Terryallan wrote:
Value is in the eye of the buyer.
I have to agree. Something with a salvage title is not really worth much. After all. you can't even insure it, because they have paid off on it once already. Liability is all you could get, Unless I'm wrong, and don't think I am. So if anything happened. You would just be out what you paid to fix it, and buy it. Not a good deal. Unless you ca get it for nearly nothing, and I mean less than 5k.
and the salvaged can be insured.- Yes you can insure them but it’s a lot of work.
Yes it can be repaired, but the wiring alone would be a pain. Don’t know if I would ever trust it again.
For what he is going to have in it after paying others to repair it he could’ve bought a 100% functioning RV and no issues. - The guy is a dealer in Texas I know him he just about has the rv ready to sell and has offers already doubling his money on it.
newman fulltimer wrote:
The guy is a dealer in florida I know him he just about has the rv ready to sell and has offers already doubling his money on it.dodge guy wrote:
Yes you can insure them but it’s a lot of work.
Yes it can be repaired, but the wiring alone would be a pain. Don’t know if I would ever trust it again.
For what he is going to have in it after paying others to repair it he could’ve bought a 100% functioning RV and no issues.
I really doubt that.
repair parts don't look to be much over 2500
That coach will sell for much more than guessed here- Strange place for a fire. I wonder if it self extinguished after the plumbing melted. Shouldn't be a difficult or expensive fix unlike an engine or fridge fire that gets caught early before burning into the body or sidewall.
Personally the sale would have to be heavily discounted before I would buy a rig with a salvage title. Just too many potential unknowns that could pop up months or even years later. My current coach was a repo and that was enough risk I was willing to accept for a rolling earth quake. - He left off a few details like the driveshaft was hopefully out of it when towed in. It’s not legal to drive a vehicle with a salvage title home. Copart charges an additional 5-10% of the purchase price.Getting collision/comp insurance coverage can be difficult. With probably $40K in it repaired for a rig worth more than $100K...he will do well when he sells it.
Having bought 10+ Copart vehicle you need to inspect before buying and getting a salvage title changed to a rebuilt title can be difficult. Not all vehicles will have a salvage title...hail damage being my favorite ones as they were probably in running condition when damaged. A hail damaged PU I bought 6 years ago is still worth more than I paid for it and like a golf ball, the dimples in it makes it more aerodynamic.:B - I would pass, and not hesitate. Years back, I totaled out a new vette. it had 1500 miles on it. I was offered the opportunity to buy it back after it was totaled. I refused. Didn't get a chance to even look at it as I was in traction, but I refused. Insurance sold it to a guy who owned a body shop. He rebuilt it and sold it to someone else. less than a thousand miles later, he was driving it and it caught on fire while he was driving it and was totaled a second time. Meanwhile, I was driving around in MY new vette.
