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Old 08-03-2013, 06:11 PM   #1
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buying salvaged title tacoma

Hello TW!
I have a question about buying a salvaged title tacoma, I found a 2012 short bed trd sport for 22k it only has 10k miles. its fully repaired and i was wondering some pros and cons about buying salvaged truck. there is no frame, engine , suspension damages at all.
so if you canput your $0.02 and help me out!
thanks!!
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Old 08-03-2013, 06:12 PM   #2
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One con is if you ever want to sell it , it would affect the price greatly
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Old 08-03-2013, 06:17 PM   #3
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When buying a salvaged vehicle most banks and credit unions won't let you finance it through them. So it will have to be a cash or check sale. If it's not a "re-built" salvage title it will then need to be repaired and then inspected at highway patrol station that offers inspections to become a "re-built salvaged vehicle. They need full receipts and documentation. This includes all receipts for repairs (no photo copies), rebuilt salvage title inspection paper (buy from DMV for $55), purchase papers from where you bought it from.
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Old 08-03-2013, 06:17 PM   #4
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Quote:
Originally Posted by XxTHe FioLOxX View Post
One com is if you ever want to sell it , it would affect the price greatly
how cheep would you buy a truck that has a salvaged title with 10k miles?
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Old 08-03-2013, 06:19 PM   #5
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and is this for all states ?
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Old 08-03-2013, 06:23 PM   #6
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Quote:
Originally Posted by JOE619 View Post
and is this for all states ?
????

If you referring about financing possibly. In Ohio you cannot get financing for a salvaged vehicle. Even for personal loans they still want to know what it's for, for big purchases.
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Old 08-03-2013, 06:27 PM   #7
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Why does it have a salvaged title? Was it in an an accident?

I just went through this process. In NY, a vehicle must be totaled when damage to it exceeds 75% of its value. I can't imagine spending that kind of money on a truck that was that badly damaged.

Yeah, you're saving $6k, but that's a lot to risk on something that has a much higher potential for all kinds of problems.
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Old 08-03-2013, 06:28 PM   #8
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Plan on running it till the wheels fall off.Resale may be very tough..
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Old 08-03-2013, 06:34 PM   #9
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Quote:
Originally Posted by JOE619 View Post
there is no frame, engine , suspension damages at all.
No frame damage on a Taco that's totalled.
Sounds impossible.
A wet noodle is stronger than a Taco frame.
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Old 08-03-2013, 06:35 PM   #10
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Most vehicles that have "salvage" titles either have been in a accident, have very bad environmental damage (hail, flood, act of god), or major mechanical damage (engine no oil and it was a turbo diesel). When damages exceed a certain amount of vehicle value (resale) the insurance company salvages it. 75% is a good rough number to go by.
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Old 08-03-2013, 06:37 PM   #11
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Quote:
Originally Posted by DavidR View Post
Why does it have a salvaged title? Was it in an an accident?

I just went through this process. In NY, a vehicle must be totaled when damage to it exceeds 75% of its value. I can't imagine spending that kind of money on a truck that was that badly damaged.

Yeah, you're saving $6k, but that's a lot to risk on something that has a much higher potential for all kinds of problems.
passenger fender and door hood and bumper grill and its been repainted windows and wind shield were all replaced and im not to sure if that exceeds 75% of the trucks value
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Old 08-03-2013, 06:38 PM   #12
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your right about the saveing part but what would be a good price to put up 16k? and i do plan on running it to the ground if i end up getting it
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Old 08-03-2013, 06:55 PM   #13
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Quote:
Originally Posted by JOE619 View Post
passenger fender and door hood and bumper grill and its been repainted windows and wind shield were all replaced and im not to sure if that exceeds 75% of the trucks value
No way they total a 2012 for just that. There's got to have been more.
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Old 08-03-2013, 07:01 PM   #14
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Quote:
Originally Posted by DavidR View Post
No way they total a 2012 for just that. There's got to have been more.
^ this. Most of the vehicles totaled have some kind of frame damage.

There's no way I'd spend that much on a salvage title vehicle, even if I was planning on owning it until it falls apart.
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Old 08-03-2013, 07:04 PM   #16
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Quote:
Originally Posted by JOE619 View Post
Hello TW!
I have a question about buying a salvaged title tacoma, I found a 2012 short bed trd sport for 22k it only has 10k miles. its fully repaired and i was wondering some pros and cons about buying salvaged truck. there is no frame, engine , suspension damages at all.
so if you canput your $0.02 and help me out!
thanks!!
If it has a salvage title and it's a '12 with 10k on it, it absolutely did have major frame and suspension damage, or it was in a flood (VERY likely). I'd rather buy one with a replaced frame than one that's been in a flood.

For an insurance company to total a vehicle, the repairs need to be nearly 80% of the value. A 2012 with 10k? There wasn't much left of that truck when it was written off.
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Old 08-03-2013, 07:07 PM   #17
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Quote:
Originally Posted by JOE619 View Post
passenger fender and door hood and bumper grill and its been repainted windows and wind shield were all replaced and im not to sure if that exceeds 75% of the trucks value
Same repair on my '03 Tundra. Repair bill from the shop was $8,000.

That Tacoma had WAY more damage than what you listed.
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Old 08-04-2013, 03:23 PM   #18
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i think im just going to save up for the baja Tacoma. i just find a to com up with another 10k lol
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Old 08-04-2013, 03:31 PM   #19
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if i were you, id go get a good used taco thats in better shape, and offer the guys about $200 for the hood, thats probably the only part off that truck that you could use.
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Old 08-04-2013, 03:42 PM   #20
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Check the car fax before you buy, especially with a salvage title. I'd say $16K is about the right price for this vehicle w/ a salvage title. It all depends on what kinda damage it had. Them asking $22k is way too much! I know it's a Toyota but like everyone has said... For a 2012 w/ 10k on the clock to be totaled, has to have had some extensive damage, more than just cosmetic. Good luck!!!

But I think you should pass this one up
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