2010 Mustang GT Flood Damage
#1
2010 Mustang GT Flood Damage
Hey guys unfortunately the last mustang I went to go look at did not work out. (the transmission was shot) anyway I recently found a 2010 mustang GT with 33k miles on it unfortunately it has a salvage title due to flood damage in Florida. I talked to the guy and he said he has driven it for about 10k miles and has owned it for 2 years without any problems. He got the title cleaned in Maryland. He is asking $11,500 but I talked him down to $10,000. Before I buy it I am going to take it to the local ford dealership and have them check the entire car inside and out. Do you guys think it is worth $10,000 or should I forget about it. Also when I go to sell it is it going to be worth anything or will I be losing a lot of money?
Thanks,
Harrison
Thanks,
Harrison
#6
+2....the insurance company totaled the car for good reason. Flood damage is one of the worst kinds of damage. There are too many electrical connections that could have problems down the road. You want a car that you can enjoy. In my opinion, this is the wrong way to try and save money.
#7
I wouldn't take a flood damage car for free. Not only are you risking having problems with it, you are going to have a hard time selling it when you decide to sell it or when it starts having issues. There are better cars out there, pass on this one.
#8
Personally, I'd see a flooded car as a hobby and not a daily driver. 10K is high for something with that kind of title...the price should be no more than what you'd pay for a vehicle you intend to part out.
The title isn't clean, as you said, if it's been totalled; and if you call it clean when it's time to sell, youre setting yourself up for problems when the buyer finds out about the vehicle's history.
A vehicle with a salvage title can be a great way to get a fun car cheap, but if you're not intimately familiar with the vehicle, it could also lead to months of head scratching and frustration, even if you know what you're doing.
The title isn't clean, as you said, if it's been totalled; and if you call it clean when it's time to sell, youre setting yourself up for problems when the buyer finds out about the vehicle's history.
A vehicle with a salvage title can be a great way to get a fun car cheap, but if you're not intimately familiar with the vehicle, it could also lead to months of head scratching and frustration, even if you know what you're doing.
#9
+2....the insurance company totaled the car for good reason. Flood damage is one of the worst kinds of damage. There are too many electrical connections that could have problems down the road. You want a car that you can enjoy. In my opinion, this is the wrong way to try and save money.