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buying salvaged title tacoma

Discussion in 'Southern California' started by JOE619, Aug 3, 2013.

  1. JOE619

    JOE619 [OP] Well-Known Member

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    broseph aka JOE
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    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!!
     
  2. Fiolo

    Fiolo Senior member

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    One con is if you ever want to sell it , it would affect the price greatly
     
    Last edited: Aug 3, 2013
  3. That Dude Tim

    That Dude Tim Toyota Technician

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    Goodyear DuraTrac 265/70R17, KMC XD Revolvers, ICON's, Firestone Ride Rites, Sockmonkey Decals, 35% tint both front doors, Braided Brake Lines, Removed Charcoal Filter, BHLM, Rear view camera switch, 7-pin in bumper, Lighted 4x4 switch, Rear diff breather, LED bulbs, ImMrYo bracket, mudflap delete, black Al.tube steps
    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.
     
  4. JOE619

    JOE619 [OP] Well-Known Member

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    Bilstien 5100 front and rear, TRD intake, Yokohama A /T tires
    how cheep would you buy a truck that has a salvaged title with 10k miles?
     
  5. JOE619

    JOE619 [OP] Well-Known Member

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    Bilstien 5100 front and rear, TRD intake, Yokohama A /T tires
    and is this for all states ?
     
  6. That Dude Tim

    That Dude Tim Toyota Technician

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    11 TRD Sport 4x4 DCLB
    Goodyear DuraTrac 265/70R17, KMC XD Revolvers, ICON's, Firestone Ride Rites, Sockmonkey Decals, 35% tint both front doors, Braided Brake Lines, Removed Charcoal Filter, BHLM, Rear view camera switch, 7-pin in bumper, Lighted 4x4 switch, Rear diff breather, LED bulbs, ImMrYo bracket, mudflap delete, black Al.tube steps
    ????

    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.
     
  7. DavidR

    DavidR Well-Known Member

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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.
     
  8. SSG665

    SSG665 Well-Known Member

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    Plan on running it till the wheels fall off.Resale may be very tough..
     
  9. gasgasman

    gasgasman ASE Master Tech.

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    No frame damage on a Taco that's totalled.
    Sounds impossible.
    A wet noodle is stronger than a Taco frame.:(
     
  10. That Dude Tim

    That Dude Tim Toyota Technician

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    Goodyear DuraTrac 265/70R17, KMC XD Revolvers, ICON's, Firestone Ride Rites, Sockmonkey Decals, 35% tint both front doors, Braided Brake Lines, Removed Charcoal Filter, BHLM, Rear view camera switch, 7-pin in bumper, Lighted 4x4 switch, Rear diff breather, LED bulbs, ImMrYo bracket, mudflap delete, black Al.tube steps
    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.
     
  11. JOE619

    JOE619 [OP] Well-Known Member

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    Bilstien 5100 front and rear, TRD intake, Yokohama A /T tires
    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
     
  12. JOE619

    JOE619 [OP] Well-Known Member

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    San Diego !
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    Bilstien 5100 front and rear, TRD intake, Yokohama A /T tires
    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
     
  13. DavidR

    DavidR Well-Known Member

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    No way they total a 2012 for just that. There's got to have been more.
     
  14. ImpulseRed008

    ImpulseRed008 Gone But Not Forgotten

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    ^ 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.
     
  15. That Dude Tim

    That Dude Tim Toyota Technician

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    Goodyear DuraTrac 265/70R17, KMC XD Revolvers, ICON's, Firestone Ride Rites, Sockmonkey Decals, 35% tint both front doors, Braided Brake Lines, Removed Charcoal Filter, BHLM, Rear view camera switch, 7-pin in bumper, Lighted 4x4 switch, Rear diff breather, LED bulbs, ImMrYo bracket, mudflap delete, black Al.tube steps
    Probably airbags those are $$$, front bumper cover, headliner if the side curtains went off.
     
  16. Rich91710

    Rich91710 Well-Known Member

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    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.
     
  17. Rich91710

    Rich91710 Well-Known Member

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    Same repair on my '03 Tundra. Repair bill from the shop was $8,000.

    That Tacoma had WAY more damage than what you listed.
     
  18. JOE619

    JOE619 [OP] Well-Known Member

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    Bilstien 5100 front and rear, TRD intake, Yokohama A /T tires
    i think im just going to save up for the baja Tacoma. i just find a to com up with another 10k lol
     
  19. Gaunt596

    Gaunt596 Resident Otaku

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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.
     
  20. Mainmoe02

    Mainmoe02 Well-Known Member

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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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