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buying salvaged title tacoma

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

  1. Aug 3, 2013 at 5:11 PM
    #1
    JOE619

    JOE619 [OP] Well-Known Member

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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. Aug 3, 2013 at 5:12 PM
    #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. Aug 3, 2013 at 5:17 PM
    #3
    That Dude Tim

    That Dude Tim Toyota Technician

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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.
     
  4. Aug 3, 2013 at 5:17 PM
    #4
    JOE619

    JOE619 [OP] Well-Known Member

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    how cheep would you buy a truck that has a salvaged title with 10k miles?
     
  5. Aug 3, 2013 at 5:19 PM
    #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. Aug 3, 2013 at 5:23 PM
    #6
    That Dude Tim

    That Dude Tim Toyota Technician

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    Falken Wildpeak AT3/W, BLK Mk6, ICON's, Firestone Ride Rites, SHLM, Rear view camera switch, 7-pin in bumper, Lighted 4x4 switch, ImMrYo bracket, mudflap delete
    ????

    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. Aug 3, 2013 at 5:27 PM
    #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. Aug 3, 2013 at 5:28 PM
    #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. Aug 3, 2013 at 5:34 PM
    #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. Aug 3, 2013 at 5:35 PM
    #10
    That Dude Tim

    That Dude Tim Toyota Technician

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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.
     
  11. Aug 3, 2013 at 5:37 PM
    #11
    JOE619

    JOE619 [OP] Well-Known Member

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    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. Aug 3, 2013 at 5:38 PM
    #12
    JOE619

    JOE619 [OP] Well-Known Member

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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. Aug 3, 2013 at 5:55 PM
    #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. Aug 3, 2013 at 6:01 PM
    #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. Aug 3, 2013 at 6:02 PM
    #15
    That Dude Tim

    That Dude Tim Toyota Technician

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    Probably airbags those are $$$, front bumper cover, headliner if the side curtains went off.
     
  16. Aug 3, 2013 at 6:04 PM
    #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. Aug 3, 2013 at 6:07 PM
    #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. Aug 4, 2013 at 2:23 PM
    #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. Aug 4, 2013 at 2:31 PM
    #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. Aug 4, 2013 at 2:42 PM
    #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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