Quote: (12-25-2014 03:35 AM)germanico Wrote:
Salvage title cars are a pain in the ass to repair while keeping costs down. Buy only if its a rare car and you want it for yourself,as basically every car becomes a project.
I would buy only if the damage was truly minimal and could be fixed by just swapping a few parts. Which would make it a very coveted "salvage" and thus not cheap. Or buy anything, dismantle and sell by piece, and sell anything left by the pound to a metal scrap dealer. I know a guy that does this, buys broken down cars, cuts out (literally) the engine and transmission, which he sells in bulk, and drops everything else on a container that he sells by the kilo. Makes around 500-700 per car, plus 250-300 for the engine/transmission (sometimes more depending on the make/model of the car), and he turns around 3-4 cars per week.
Definitely good alternate strategies. Appreciate the background info.