should a salvaged title decrease the value of a car
Asked by Alleshia Jul 30, 2019 at 01:40 AM about the 2000 Ford F-150 SVT Lightning 2 Dr Supercharged Standard Cab Stepside SB
Question type: Car Selling & Trading In
I have a 2000 ford lightning svt that is in
great condition . I want to know if a salvaged
title will decrease the trucks value?
If so what is the estimated amount that i
should subtract from whatever my asking
price will be?
5 Answers
Yes, it can decrease the value, but there is no precise way to determine by how much. The big cost factor with owning a salvage titled vehicle is the increase insurance cost. Some salvage title are due to damage and insurance write offs. Some salvage title are simply due to a police impound sale. and might otherwise be fine. As a buyer I tend to lop off 25% of KBB price for having a salvage title, possibly more if I see signs of collision repair/carfax or lengthy stays in an impound lot. How much more really depends on condition though.
You really don't want a salvage title car regardless of price.
OP is the seller, not the buyer, lol.
Since the truck is a Lightning it may be worth fixing.
