If I have an f150 lightning with less than 75k miles but it rebuilt from salvage what is it worth?
Asked by adriianachavezz May 09, 2019 at 12:47 PM about the 2003 Ford F-150 SVT Lightning 2 Dr Supercharged Standard Cab Stepside SB
Question type: Shopping & Pricing
4 Answers
Less than it's blue book value, which you can lookup online at any of the following used car valuation sites: edmunds.com, kelleybluebook.com, nadaguides.com or hemmings.com. The salvage title lowers it's value even if the truck was 100% rebuilt, if only because it affects insurance.
adriianachavezz answered 5 years ago
Do you know whats the percentage it depreciates? I heard from some that it goes down by 20%
I don't think there is a set percentage like that. I've seen numbers as high as 50% depreciation for a salvage title. The biggest hurdles for a buyer of a salvage titled vehicle is: 1) insurance and 2) getting a loan. It can prove nearly impossible for a buyer to get financing on a high dollar used vehicle with salvage title. Your case might be different since yours is older. The insurance is another major factor. I rebought my own vehicle after is was stolen, and the insurance totaled it for the write off. I bought it from them as a salvage vehicle (it had no damage other than cosmetic). Then I saw my insurance was costing my nearly 50% more. Couldn't unload that vehicle fast enough, lol. Also saw first hand how much it depreciated due to that title status. If you're not in a hurry to sell, try listing for a certain price your comfortable with and see if you get any bites, you can always lower the price until someone bites.
adriianachavezz answered 5 years ago
Alright, thank you very much! The truck it's self is in great condition but the previous owner had a minor accident and they salvaged it because since it's a sport truck they didn't want to keep covering it.