Possibly buying a cobra w/ a salvage title
#1
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
#3
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.
#5
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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Jskeezy84
4.6L General Discussion
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09-08-2015 01:40 AM