Purchased TT (undisclosed salvage title came in the mail)

Walaby wrote:
Love all these perfect people who claim to never make any mistakes.


Mike

Never claimed that I "perfect" and never made mistakes.

However, I have bought ans sold a lot of stuff from $.50 to $50K, I have made buying and selling mistakes over the yrs, but one thing for sure, I TRY to do something called "due diligence", basically looking up and finding out information on what I am buying or selling.

I trust no one, period..

Ebay used to have a saying which stated "Caveat Emptor" which roughly translates to "BUYER BE AWARE" which is a very wise approach..

Webster definition..

HERE

caveat emptor noun

Definition of caveat emptor

a principle in commerce: without a warranty the buyer takes the risk Caveat emptor is a reasonable approach for many consumer products.


OP and anyone else purchasing stuff should have questioned as to what it meant that the dealer bought it from a insurance company.

Insurance companies simply do not buy RVs to sell, they do not want to own RVs and the ONLY reason they they may own one is because they PAID OFF on an insurance claim..

In other words they BOUGHT the trailer off of the owner since it was deemed not worth REPAIRING and paying the insurance claim for damages or loss (pretty much a "buy back" from the owner).

The insurance company has only two ways to get rid of the unwanted liability.. They can sell back to the owner with a SALVAGED TITLE for scrap value OR AUCTION/SELL the trailer off to a scrap dealer with a SALVAGE OR SCRAP title (depends on the the state you are in, some states prohibit resale with a scrapped title)..

Obviously the dealer the OP bought the trailer from is making a good business from buying scrapped trailers then reselling them..

I am NOT "bashing" the OP, OP simply did not ask what buying from insurance company meant and if that would affect the value..

If you don't understand something, then ASK, BEFORE committing your signature to a sales agreement!

But really, who buys a RV with the worry of resale value.. RVs like boats LOSE value the minute you put your John Hancock on the sales agreement paper with ink..