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Possibly buying a cobra w/ a salvage title

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Old 11-09-2007, 05:19 PM
  #1  
Bowdy04
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Default Possibly buying a cobra w/ a salvage title

I'm going to take a look at a 1997 cobra with 54k mi.,that appears to be in real nice shape, the car has a salvaged title, but the guys says it had no frame or engine damage (it was hit in the front left)...I'm also going to run it by a ford dealership for them to check it out...if it gets a clean bill of health, I'd be pretty interested...give me an idea about what would be a reasonable price to pay if it checks out and is in fact in good shape...I plan on doing quite a bit to it, so the lower price is attractive...so price? other thoughts? thanks guys
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Old 11-09-2007, 06:34 PM
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mfj
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Default RE: Possibly buying a cobra w/ a salvage title

salvage title?? 6k max [&:]
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Old 11-12-2007, 07:50 AM
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crewchief429
 
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Default RE: Possibly buying a cobra w/ a salvage title

the rule of thumb on salvage titles is 50 cents on the dollar, so give no more than 1/2 of book value, and plan on never selling the car. Most people will veer away from salvage titles. They are a good deal if it is something you want, but cant afford a nice one, but you gotta want to keep it.
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Old 11-12-2007, 11:24 AM
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Texan_99cobra
 
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Default RE: Possibly buying a cobra w/ a salvage title

If its nice and not damaged then take it .dont pay more than $7000
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Old 11-12-2007, 01:03 PM
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ShaneHayes
 
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Default RE: Possibly buying a cobra w/ a salvage title

Exactly what was said above. If you buy this car, keep in mind of never selling it again, because it will be extremely tough selling it. When I was looking at a Cobra, I found a few that had a branded title, that were clean; however, I backed out because I want to know that I could sale it one day If I everwanted something different or for whatever reason. Keep that in mind. Stronly look at your options, besides saving money.
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