I recently ended my 14-year streak of no accidents when I inexplicably wrecked my 1996 Camry into the back of a Suburban. I’m looking to buy a 2-4 year old Honda Civic to replace it, and found one on Ebay in which I’m interested. There’s only one problem: It has a salvage title.
Reading online, the consensus advice concerning purchasing a salvage title is to be extremely cautious, pay significantly less than what the car would normally be worth, and to expect a big hit when re-selling the car. The reasoning is the car:
This makes sense to me, but I haven’t given up on the car yet. The first and third issues aren’t of much concern to me as I wasn’t planning on buying a car with a warranty anyway, and I expect to own the car until it dies. The second item, however, is obviously of major concern.
I wrote the seller – a small Houston dealership – to inquire as to the reason for the salvage title, and the response included the following:
My plan forward is to:
Does this make sense? Am I taking enough steps to mitigate the risk? If not, is there something else I can do, or should I just run away?
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