Value of salvage titled vs. no issues cars

[Nardo GT]

Good question. I say "lack of available inventory" is one. Easier to find a 4K mile GT than a 40K mile GT. Second is selling what the public wants. The GT buying public is hugely mistaken when they want/demand low-mile cars. If you found a 2005 Mustang GT or something similar with 30K miles you would think you found gold. The GT buying public just won't accept the fact that a GT with miles is every bit as good, if not better, (because it was driven & not stored) than a super low mile car. Don't rely entirely on Carfax either. It can go either way. A "hammered" car can have a clean Carfax easily and an "accident free car" can have a bad Carfax. I have told this before.....I had an 06 Jaguar sedan that was black (hard color to hide paintwork). The car had never been painted on. No tape lines, no dust in the paint, no sanding marks....nothing. I had dealer friends and bodyshop owners look at the car....all agreed...no paintwork, no undercarriage damage. It said "accident" on Carfax. What happened....did a bird hit the windshield.?...did they run over an animal? .... or just a flat out mistake? I guess define "accident". It did not elaborate. You have to use a bit of common sense....not rely ona piece of paper. It hurt the value nevertheless. Sad really.

I think over time condition will outweigh miles. There is a 67 Olds 442 in this months Hemming. Super low miles (3911)....but a repaint and modified slightly. My personal opinion is one with 70K miles but nice original is worth more. Think about old Shelby Mustangs and Cobras. Documentation, originality, history, condition far outweigh miles.

 

[dbk]

The GT buying public is hugely mistaken when they want/demand low-mile cars.

Most GT buyers are more concerned with having something in closer to new condition than they are with saving a few bucks. I've owned GTs with 22,000 miles, 22 miles, 3000 miles. I've driven GTs with miles from 3 to 60,000. Unless you run your car endlessly on a dyno, cars with more miles will have more wear and tear, more squeaks, more rattles, more paint imperfections.

 

[dbk]

There was an all black GT in Connecticut posted right here on the forum that I was trying to buy but got sidetracked by GTJoey's barn gathering in Sep of last year. Anyone remember that car & price? Owner was GFORCE.

The black GT with 26K miles was the best deal I have seen anywhere on a used GT. I even messaged Shelby to congratulate him on a great buy. He was asking $115K right here on the forum in Connecticutt last Sep. talked to him and know what it sold for (less than 115K). That was a heckuva deal. I have the seller's replies and phone number if anyone cares to verify.

Not sure why you're asking if anyone remembers what the car was selling for and then posting that you'll give out the seller's replies and phone numbers to verify what it sold for when a wholesaler bought it. Definitely not sure what it has to do with the topic at hand.

 

[GTdrummer]

"Nardo and I have purchased an early 2005 FORD GT VIN# 360". I don't see where it says WHEN either of us purchased it and is that material to anything? It's not a secret that I purchased the car back in May of '09 and just recently sold partial interest to Joey.When I showed the car in Houston it was it's maiden voyage for our "around the world tour".

Sorry I guess it is just the lawyer in me and I read things too literally. I think I was the only one thrown off the trail by reading into it that you and Joey had just purchased a GT for the express purpose of the tour. I can be dense. I guess if you had said "Joey and I are taking a world tour in my 2 year old GT that he has bought an interest in and I took my 2 year old car to Houston before we start our August tour", I would have figured it out. Thanks for clearing it up.

 

[Chris A.]

Sorry I guess it is just the lawyer in me and I read things too literally. I think I was the only one thrown off the trail by reading into it that you and Joey had just purchased a GT for the express purpose of the tour. I can be dense. I guess if you had said "Joey and I are taking a world tour in my 2 year old GT that he has bought an interest in and I took my 2 year old car to Houston before we start our August tour", I would have figured it out. Thanks for clearing it up.

You're not dense.....and you're not the only one thrown off by the comments.

 

[Specracer]

Was the "sister" car to mine, ordered identically, and sold by the same dealer in Hanover, MA, his was an 06' mine 05. Car when up here, was on cape cod, not ct.

If anyone cares.....

There was an all black GT in Connecticut posted right here on the forum that I was trying to buy but got sidetracked by GTJoey's barn gathering in Sep of last year. Anyone remember that car & price? Owner was GFORCE.

 

[PL510*Jeff]

cars with more miles will have more wear and tear, more squeaks, more rattles, more paint imperfections.

At 85k+ yes a couple of wear items, a few rock chip marks but NO squeaks or rattles. (well once in a while the rattlesnake makes itself known in the AC vents)

 

[SYCO GT]

The higher mileage owners are too busy enjoying them to put them up for sale.

The more you drive it, the more you love it.

 

[gtjoey]

How do I get into "EVERY" conversation on this forum?:biggrin
Im with all the others......salvage/non salvage.....if your having fun and theres still gasoline pumps.....ENJOY IT!
Now Nardo, as an older member on this forum, remember if you get a heart attack and die.....last time I checked you cant go around the world with me...Well you'd be above the world but not going around the world...:lol:lol
I like Chip have learned.....I know nothing and have no answers to anything anymore......just like grandpa who died with a wife ,3 girlfriends and 10 million in the bank with a 6 th grade education....:lol:lol:lol
Relax baby weeze be goin to didney land...bro.......\
GTJOEY1314:biggrin

 

[GTdrummer]

Sorry Nardo. You are certainly not on trial as far as I am concerned. Sounds like you have "backed" all this up with "facts". It just took me awhile to pull it all together. I was just slow on the uptake on the Maiden voyage, new car vs 2 year old car, and the high miler you mentioned. I understand it perfectly now.

On getting the perfect, no stories 05 for "Way" better than $160K--I commend you on that as well. Even in 09 that was no mean fit for a perfect or near perfect car without dings etc.

 

[dbk]

You're not dense.....and you're not the only one thrown off by the comments.

Thanks Chris.

DBK had made the comment earlier about me buying the car 2yrs ago. I posted 2yrs ago that I purchased the car then, never kept it secret. Perhaps Joey should have been more clear but as DBK stated to me on another topic "Not sure why you're asking & Definitely not sure what it has to do with the topic at hand." I did not realize that each owner had to fully disclose when & where they purchased each GT.....

Allow me to clarify it for you then. It's annoying when we have members acting like this is a high school popularity contest calling their buddies every couple hours to bump their threads. It becomes doubly annoying when the posts are filled with obfuscatory nonsense. Nobody has to disclose when or where they purchased a GT, but if we're gonna play posting games, bullshitting about a car's origin for promotional purposes isn't going to be tolerated.

Apparently I am the only one being questioned here........I feel like I'm on trial. As far as "Definitely not sure what it has to do with the topic at hand" ......it is right on topic of " Value of salvage titled vs. no issues cars".

"There was an all black GT in Connecticut posted right here on the forum that I was trying to buy but got sidetracked by GTJoey's barn gathering in Sep of last year. Anyone remember that car & price? Owner was GFORCE." I thought the topic was "Value of salvage titled vs. no issues cars"....that doesn't mention miles.

You're not on trial. Again, I'm not going to tolerate these stupid little high school games. In retaliation to Shelby's reply, you brought up an irrelevant to the discussion, outlier-of-all-outlier, high-mileage, well below market, GT in a disingenuous manner. Why say "Does anyone remember?" and then two seconds later start waving e-mails around saying "I'll prove it to anyone that wants!" At least man up and say "Shelby, you got a black car for a super cheap and I want everyone to know it, even though the discussion had turned to comparing 4k mile cars."

 

[shelbyelite]

Nardo, you have poked at me several times for using the phrase "PERFECT, NO STORIES". If you are gonna poke at me, expect to get poked back. As for what I paid for a car a year ago, WHO CARES??? Its no suprise to anyone that I buy cars cheaper than I sell them for. I am sure you do the same with your car you sell on your lot. I bought that black car for a LOW price and SOLD it for a LOW price, lower than I have ever sold any other GT. What does a 26k mile Black car that I bought a year ago have anything to do with this discussion? You said a 4k mile 06 car was worth $160k "RETAIL" and I disagreed with you. You may own 4 GTs, but I have bought and sold over 300. I am very aware of what the "RETAIL" market is. Just because 2 or 3 cars sell at an very "UNDER AVERAGE PRICE", that does not mean that is the new market for all cars. The original topic starter asked the "DIFFERENCE" between values on Salvage cars and Non-salvage cars. I gave him my opinion based on actual FACTS of what I know Salvage cars and NON Salvage cars have sold for.

 

[red gt 1442]

I am only posting at this time not to infuriate anyone, but only to be consistent that when I post, the thread usually DIES....:lol....:lol.............Please let it be so!!!!!!!!............:banana


Gino

 

[Kayvan]

Cant say I'm proud of this thread.

As an enthusiast site; topics of money, deals, pile-ons, etc are never fun.

Sounds more like some face-less Monday Morning Meeting waste-all

 

[RADGT]

I always liked Gino's posts.

Stu

 

[SteveA]

I am only posting at this time not to infuriate anyone, but only to be consistent that when I post, the thread usually DIES....:lol....:lol.............Please let it be so!!!!!!!!............:banana


Gino

You Too? We'll I'll give it the double whammy and post as well!:rofl:rofl

 

[shelbyelite]

I always liked Gino's posts.

Stu

+1 on this,
Gino is a good dude.

 

[Copenhagen GT]

I may not fully know your system with salvage titles, but why all this talk about the paperwork, when it can vary from anything like a small cosmetic fender bender accident to a serious frame damaging accident?

Not that I do not understand that the perfect car with perfect paperwork probably will be worth more in the future, but the next best thing will in my opinion be the perfect car, not worrying much if it has gotten a new fender and a partial repaint as long as the work is factory quality.

:cheers
Anders

 

[SYCO GT]

I asked this before and never got an answer so I will ask again.
How come Exotic Car dealers dont actively advertise and sell high mileage GTs.

Hi Nardo - this was the question that I saw posted when I viewed this thread page. I was responding to Sam's question, but should have quoted it for clarity.

My thoughts were that high mileage cars aren't listed all that often, since those owners are too busy driving and enjoying their cars to sell them.

 

[tmctguer]

i am not a dealer, but rather an infrequent car buyer. i attend several car auctions each year in person (RM, Gooding, Mecum, Barrett, McCormicks) and watch others ad nauseum on TV and on the web. so my opinion is based on someone who is willing to buy the right car at the right price that hopefully will appreciate in value over time.

i cannot say how much less i would pay for a salvage title car versus a "no questions" car, but it would have to be significant price difference. this is because i would be concerned about how much money i might lose, or the hassle i would have to go through when i resold a salvage titled car.

in fact, even if the deal on the salvage car was extremely attractive, i would probably pass and keep shopping for the "no questions" car even if it came with a premium. further, if the deal for a salvage title car was TOO aggressive, i would probably question how bad the damage really was, whether the seller was trying to hide something, etc..

perhaps one needs to ask why a car is being purchased in the first place? if it in hopes of reselling, a salvage title may not be the best way to go. if it is to drive and keep, then a salvage title would be a way to enjoy a car at a decent savings.