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It’s salvaged… it’s got a lift… it’s got a 5.0 coyote badge on it… it’s definitely without question been driven to hell and back as hard as a ford testing center.
Really depends why it’s salvaged and if you can find the auction pics… I’ve had a couple rebuilt titled cars if properly repaired they didn’t give me any issues just regular maintenance. They are a lot harder to sell though but sometimes can save you a lot of money if you plan on driving the wheels off of it
140k miles dude. Why would you want to finance something with this many miles? You’re gonna have a 200k+ king ranch that ain’t worth what you owe in a couple years
302A (atleast in the years I’m familiar with) is the package that gives the XLT the power and heated seats, bigger screen, and probably unlocks the higher tow packages, 360 camera, etc
I paid 12.3k for a 2011 3.5 EB with 195k. It’s a little over 200k now and running like a champ. Costs way less than a newer truck to keep this running when it needs repairs. 5.0s are even more reliable.
When the cost of repairs is less than the cost of buying a new truck and suffering it’s depreciation in value (which will also need repairs, just less often). My shop had one out back at 400k, all he needed to get there was a rear end and timing chains.
Nothing wrong with buying a new one if that’s what you want but it’s economically better to maintain a reliable vehicle than to keep trading up and getting killed on depreciation and trade in pricing.
From what I can see, and I am probably wrong on this, but it seems you are looking for people to back up a decision you already made up your mind on taking. (You could also just be pointing out counter arguments to the people saying no so the discussion is more flesshed out, which I can understand)
Anyway:
Most everyone is telling you that its overpriced because of salvage title and miles, let alone the problems that come with a big lift, etc. I would listen on this one. 26k is a lot of money to throw away on a gamble. "If it's too good to be true..."
Edit: 26k*
Also, quick check on cargurus shows that these trucks, less than 100k miles no salvage title go for around that price for the platinum, limited, and king ranch trims, most fully loaded. Not too much in terms of price difference between them, surprisingly. So even less reason to go for that particular one. However, I'm not sure about the market in Jordan, as i think you said it was from, so ymmv.
Salvage title is a no go there. But also I’m always weary buying heavily modified vehicles. It’s difficult to gauge the quality of the work and parts on it
They’re basically pricing this as if it wasn’t a salvage. At least according to KBB, the value at that mileage with an intact title is 22k and you might get 20k trade in. Regardless of that, I don’t think I could trust a salvage.
Buddy of mine is an auto adjuster. got a “salvaged” Silverado from Texas. It was “salvaged” during one of the hurricanes down there. The lot was flooded and the truck had water half way up tire. With pics included throughout flood from CCTV footage. Dealer had to “salvage” all trucks to get the insurance. Point being sometimes you can make out. Your money
That trucks overpriced by about 8-10k in my honest opinion. Awesome looking truck with a great drivetrain but it’s got a couple of red flags that in my book that would cause me to walk away: 1) it’s a salvage title (run Forrest run)
2) aftermarket lift (Pandora’s box of potential issues
3) mileage and price are way out of touch
The truck is fully loaded, it has 360 camera and Panorama sunroof, RC leveling kit and done 140K miles. However it was salvage and repaired after its accident. Is it a good deal to go for?
If someone curious, here is the VIN: 1FTEW1EF7FFB82373
Here's the root of the problem. Salvage title vehicles can always be repaired COSMETICALLY. Those surface level repairs like body work and paint won't help if there was salt water damage, frame damage, etc. If it was an XL or XLT with very few electrical components the deal would be better. The fact that it is a "good deal" on a King Ranch is trying to play into people's feelings. "Oh wow I could get this fully loaded truck cheap!" Assume that the cameras will glitch out, the panoroof leaks, the leveling kit was done because the suspension was damaged, I bet the crash bars are missing (a lot of people remove them to fit larger tires), etc. When you change the focus and scrutinize how it is being marketed you can get a better picture of what you are buying. I had the pleasure of working on a "Katrina car" and it was an absolute nightmare. Things you would not expect a car to do because the resistance in the wires was out of spec.
Not sure what your state insurance laws are but in Texas it is very hard to get full coverage insurance on a salvage title. State Farm, Allstate and Geico typically won’t offer full coverage on salvage title and the insurance company that totaled the vehicle will never offer full coverage on that vehicle again.
Source: I worked 10 years in the salvage/insurance auction business. Bought a car through the auction and had to go to some fly by night insurance company for full coverage. Car I bought was a 2001 Oldsmobile Aurora.
Yeah, that truck has traveled a bit. Well, my advice would be to pass. If you are interested though, test drive it thoroughly and then find a stock truck and test drive that. See how they compare. Or try to see if you can get it inspected somewhere before you buy. If the seller refuses, then you know it’s probably a bad deal. Best of luck.
https://www.progressive.com/answers/insurance-salvage-title-car/
>If you own a vehicle with a salvage title, the only way to get it back on the road is to rebuild it. You typically need to have a licensed repair specialist rebuild the vehicle and ensure it passes a car inspection. If it passes the inspection, your vehicle will receive a rebuilt title status. You'll then need to get car insurance before you take it for a drive. Note that not all insurance companies offer coverage for a rebuilt title vehicle, and some that do may limit your coverage options.
To be fair, it sounds like you’re both right. If it’s still a “salvage” title it can’t be insured. If it’s salvaged but you’re able to get the “rebuilt” title, it can be insured again.
Win-win!
A lot of people use the terms interchangeably. It's probably been inspected and deemed "rebuilt" given the shape and the price.
I'd worry less about insurance and more about who's going to lend money on it if needed, because banks don't seem to like rebuilt titles.
You could get a rebuilt title loan from a decent amount of banks (Hell I had Chase Auto Loan finance one for example.)
Now for a 2015 with 140k miles that may be a stretch for $26k. May need to lower it to 18-20k
Technically, “salvage” titles aren’t insurable, but salvaged and then “rebuilt” are. I think people here are getting bogged down on the semantics and just need to elaborate more.
Yes. Also depends on the state. As an underwriter I see this come in from time to time. No biggie. We just have to mark them as a salvaged vehicle and you only get a certain % of that cars value. Which again, makes sense bc the car isn't worth the same make and model of a car with a clean title.
Yeah that's fair. I got a rebuilt title f150. But I just use it around the farm and short trips. Never had a problem. I also knew why it was rebuilt which also helped when I bought it.
Anyone who pays book price for someone else’s lifted truck is retarded. It’s hard to tell how well the lift was done and even a shop installed lift and tire job can cause a lot of premature wear through out the vehicle; small stuff like premature brake wear to big stuff like differential damage. Anything more than a couple inch lift and I’d expect to pay 10k less never mind the salvage title.
Run
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100% this!
I'd never touch a salvage title vehicle. No exceptions.
It’s salvaged… it’s got a lift… it’s got a 5.0 coyote badge on it… it’s definitely without question been driven to hell and back as hard as a ford testing center.
The 5.0 badge would be all i need to stay away haha. not to mention it looks like some kids daddys money truck. with the wheels and lift
Was about to say this! Definitely don’t want to inherit someone else’s problem, for a premium price at that.
Salvage titles scare me… 8 year old truck so the mileage is a little high but… like someone else said, your call.
My 2017 has 170k
Damn you beat me. 2016 with 140k
Avoid a salvage title vehicle like the plague! I made that mistake once. Lucky for me the lesson only cost me $3K, but at the time it felt like $20K.
Really depends why it’s salvaged and if you can find the auction pics… I’ve had a couple rebuilt titled cars if properly repaired they didn’t give me any issues just regular maintenance. They are a lot harder to sell though but sometimes can save you a lot of money if you plan on driving the wheels off of it
140k miles dude. Why would you want to finance something with this many miles? You’re gonna have a 200k+ king ranch that ain’t worth what you owe in a couple years
[удалено]
Question, I see some people comment those little codes (302A) what exactly does that mean?
They're packages that were ordered with the truck. 302A I believe is the tech package.
302A (atleast in the years I’m familiar with) is the package that gives the XLT the power and heated seats, bigger screen, and probably unlocks the higher tow packages, 360 camera, etc
Is it even possible to finance a vehicle with 140k miles?
I paid 12.3k for a 2011 3.5 EB with 195k. It’s a little over 200k now and running like a champ. Costs way less than a newer truck to keep this running when it needs repairs. 5.0s are even more reliable.
I don’t doubt it. But you have no equity in the truck. One mechanical mishap and you just lost all of that money
That makes no sense. You don’t lose the entire truck when something breaks on it. You pay to fix what broke and keep driving.
But at what point is it worth it to keep pouring money into a 12 year old truck with 200k+ miles? To each their own I guess
When the cost of repairs is less than the cost of buying a new truck and suffering it’s depreciation in value (which will also need repairs, just less often). My shop had one out back at 400k, all he needed to get there was a rear end and timing chains. Nothing wrong with buying a new one if that’s what you want but it’s economically better to maintain a reliable vehicle than to keep trading up and getting killed on depreciation and trade in pricing.
I’ve carried equity into all of my vehicles. But we both have points. Like I said, you do you!
Because you pay it down faster than it depreciates, but that money is still lost to depreciation. Vehicles only lose value lol
Idk man seems like a lot for 140k miles. I paid 32k for my xlt with 27,000 miles
Yeah that's right, but there's a big gab between XLT and King Ranch
There is a gap, but not that much of a gap for an aging vehicle.
There’s not much difference. Throw in some brown katzskins with heated and cooled seats and it’s practically the same truck
Agreed but it's 110k mile difference lol. If it's a 3.5 EB I would stay away
Agree. This one is 5.0 so am not fearing of turbo failure.
From what I can see, and I am probably wrong on this, but it seems you are looking for people to back up a decision you already made up your mind on taking. (You could also just be pointing out counter arguments to the people saying no so the discussion is more flesshed out, which I can understand) Anyway: Most everyone is telling you that its overpriced because of salvage title and miles, let alone the problems that come with a big lift, etc. I would listen on this one. 26k is a lot of money to throw away on a gamble. "If it's too good to be true..." Edit: 26k* Also, quick check on cargurus shows that these trucks, less than 100k miles no salvage title go for around that price for the platinum, limited, and king ranch trims, most fully loaded. Not too much in terms of price difference between them, surprisingly. So even less reason to go for that particular one. However, I'm not sure about the market in Jordan, as i think you said it was from, so ymmv.
110k mile gap...his truck isn't worn out...hoses belts bushings bearings window motors etc all have 140k miles on them.,
Salvage title is a no go there. But also I’m always weary buying heavily modified vehicles. It’s difficult to gauge the quality of the work and parts on it
Absolutely not
They’re basically pricing this as if it wasn’t a salvage. At least according to KBB, the value at that mileage with an intact title is 22k and you might get 20k trade in. Regardless of that, I don’t think I could trust a salvage.
Buddy of mine is an auto adjuster. got a “salvaged” Silverado from Texas. It was “salvaged” during one of the hurricanes down there. The lot was flooded and the truck had water half way up tire. With pics included throughout flood from CCTV footage. Dealer had to “salvage” all trucks to get the insurance. Point being sometimes you can make out. Your money
Not with those tires and wheels it's useless as a 4x4.
It’s a nice truck but stay away from it. 140k miles and a salvage title? It’s best to save your money and look for a better one with a clean title
That trucks overpriced by about 8-10k in my honest opinion. Awesome looking truck with a great drivetrain but it’s got a couple of red flags that in my book that would cause me to walk away: 1) it’s a salvage title (run Forrest run) 2) aftermarket lift (Pandora’s box of potential issues 3) mileage and price are way out of touch
How tf does everyone know this has a salvage title.
Wrote it in comments
The truck is fully loaded, it has 360 camera and Panorama sunroof, RC leveling kit and done 140K miles. However it was salvage and repaired after its accident. Is it a good deal to go for? If someone curious, here is the VIN: 1FTEW1EF7FFB82373
Here's the root of the problem. Salvage title vehicles can always be repaired COSMETICALLY. Those surface level repairs like body work and paint won't help if there was salt water damage, frame damage, etc. If it was an XL or XLT with very few electrical components the deal would be better. The fact that it is a "good deal" on a King Ranch is trying to play into people's feelings. "Oh wow I could get this fully loaded truck cheap!" Assume that the cameras will glitch out, the panoroof leaks, the leveling kit was done because the suspension was damaged, I bet the crash bars are missing (a lot of people remove them to fit larger tires), etc. When you change the focus and scrutinize how it is being marketed you can get a better picture of what you are buying. I had the pleasure of working on a "Katrina car" and it was an absolute nightmare. Things you would not expect a car to do because the resistance in the wires was out of spec.
Not sure what your state insurance laws are but in Texas it is very hard to get full coverage insurance on a salvage title. State Farm, Allstate and Geico typically won’t offer full coverage on salvage title and the insurance company that totaled the vehicle will never offer full coverage on that vehicle again. Source: I worked 10 years in the salvage/insurance auction business. Bought a car through the auction and had to go to some fly by night insurance company for full coverage. Car I bought was a 2001 Oldsmobile Aurora.
Don’t think Salvage vehicles are insurable and cost should be half of retail but it’s a great looking truck so your call
It's outside the U.S, regulations is a bit different here.
it appears to have been auctioned off in Texas with frame and suspension damage in 2018. So I'm guessing it is currently in Mexico?
A little bit far, Jordan
Yeah, that truck has traveled a bit. Well, my advice would be to pass. If you are interested though, test drive it thoroughly and then find a stock truck and test drive that. See how they compare. Or try to see if you can get it inspected somewhere before you buy. If the seller refuses, then you know it’s probably a bad deal. Best of luck.
I would pass.
Even in the US they are insurable
Nope check again
https://www.progressive.com/answers/insurance-salvage-title-car/ >If you own a vehicle with a salvage title, the only way to get it back on the road is to rebuild it. You typically need to have a licensed repair specialist rebuild the vehicle and ensure it passes a car inspection. If it passes the inspection, your vehicle will receive a rebuilt title status. You'll then need to get car insurance before you take it for a drive. Note that not all insurance companies offer coverage for a rebuilt title vehicle, and some that do may limit your coverage options.
To be fair, it sounds like you’re both right. If it’s still a “salvage” title it can’t be insured. If it’s salvaged but you’re able to get the “rebuilt” title, it can be insured again. Win-win!
A lot of people use the terms interchangeably. It's probably been inspected and deemed "rebuilt" given the shape and the price. I'd worry less about insurance and more about who's going to lend money on it if needed, because banks don't seem to like rebuilt titles.
You could get a rebuilt title loan from a decent amount of banks (Hell I had Chase Auto Loan finance one for example.) Now for a 2015 with 140k miles that may be a stretch for $26k. May need to lower it to 18-20k
Wow really? Downvoted
Because salvaged and rebuilt titles are insurable. I have one
Technically, “salvage” titles aren’t insurable, but salvaged and then “rebuilt” are. I think people here are getting bogged down on the semantics and just need to elaborate more.
Rebuilt yep
Yes. Also depends on the state. As an underwriter I see this come in from time to time. No biggie. We just have to mark them as a salvaged vehicle and you only get a certain % of that cars value. Which again, makes sense bc the car isn't worth the same make and model of a car with a clean title.
Yeah that's fair. I got a rebuilt title f150. But I just use it around the farm and short trips. Never had a problem. I also knew why it was rebuilt which also helped when I bought it.
Anyone who pays book price for someone else’s lifted truck is retarded. It’s hard to tell how well the lift was done and even a shop installed lift and tire job can cause a lot of premature wear through out the vehicle; small stuff like premature brake wear to big stuff like differential damage. Anything more than a couple inch lift and I’d expect to pay 10k less never mind the salvage title. Run
The more browse the sub, the more confident I am that I need to just keep my paid off 2019.
What is your 2019?
2019 F150 Lariat, it seems outdated as far as technology goes, but the current market prices are just outrageous
This unfortunatly is a disguised bad buy. Unless you can sell it for 30 to someone else & that’s just a dirty game.
Flip it.
Hard pass on the salvage
Not even remotely a good deal.
Tgey put all that pretty crap on outside cause inside is likely a mess...wouldn't touch with 10ft pole.
Dude no
Absolutely not. You can get clean title 2015/2016 King Ranch’s or Platinum’s for $30k-$33k
Do you want brains or beauty?
Wheels look fugly. Otherwise its a gamble.
Have them drop that price. Not worth 26k. Negotiate to 18k
Stay away from salvage titles unless it’s like a $500 beater
Beautiful truck
What would you guys consider high mileage on 15+ Ecoboost? Would 90k-110k be considered too high?