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Old 07-19-2010, 02:42 PM   #10
Wavery
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Location: San Diego, California
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Originally Posted by ProspectiveOwner View Post
how do yall feel about the price assuming condition is avg/above-avg for a 2000 model and considering the title situation ?

she is getting a lot of calls, even from folks wanting to hit the road with cash and come pick it up...she is giving me first dibs since I was first
A salvage title means that a previous owner accepted a pay-out from an insurance company that was equal to or higher than the repair estimate for the damage to the vehicle (in other-words, the vehicle was a total financial loss). The owner signs off the title to the insurance company upon receipt of the settlement. The insurance company takes ownership of the vehicle, then re-titles the vehicle as "Salvage" to be sure that they have satisfied all liability to that vehicle to avoid any future claims. Sometimes the insurance company will allow the owner to retain possession of the vehicle at no charge (to avoid disposal costs). Sometimes the owner is required to pay a reasonable cost (as apposed to selling the vehicle at auction).

IMHO....the price isn't that great. Check with your insurance company. My understanding is that most insurance companies will not insure a vehicle with a salvage title..... thus, "Salvage title" in the 1st place (if that is a concern to you).

If the trailer is in good condition, it may be worth $5000 but it doesn't have a salvage title for no reason. You will have to determine why that is. Also, you need to consider the condition of all of the appliances. These appliances are top of the line and are not cheap to replace. Fridge is ~$1300, Furnace ~$700, that stove is ~$800.

Check the date code on the tires. If they are over 5-years-old they should be replaced (~$300). If they are 3-years-old, they are half life. Same with the battery (~100).

If the trailer had a blow-out on the driver's side, there could be $1000 worth of hard to detect plumbing damage. This stuff adds up fast. It's best to have someone knowledgeable help you.

If someone is trying to pressure you into "Acting fast", that's sometimes a bad sign. This "Priority" line is sheer non-sense in some cases. Most sellers will sell to the 1st person that shows up with the asking price (ALWAYS in cash).
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