2001 E55 70k miles for $8500

[CharlyE500]

I found this silver 01 E55 at $8500, just dont know if too good to be true. It might be a good car for a project car ! http://inlandempire.craigslist.org/cto/1435906053.html

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[ruBENZ]

Originally Posted by CharlyE500

...just dont know if too good to be true...

http://inlandempire.craigslist.org/cto/1435906053.html

If it's true, it is an absolute steal. A PPI would be in order. Good luck.

[Lawrence1]

probably salvage title but still a great deal if it's in good shape.

[Jons95c36amg]

Salvage>run!

[samvel1981]

Originally Posted by Jons95c36amg

Salvage>run!

run????????????
wot is wrong with salvage ?????????
80% of car's in USA are salvage the other 20% at dialer lot or never claim to the insurance
so how many cars that you have are never been at any accident (fender bender) ??????????/
I'm just replace a 1/4 of the car at my shop (dodge caravan) and the car is clean title
are you sure that you car is clean title not by the paper by the car it self ?

and you are driving a car not a title

[mercedestech2]

The issue is either getting financing or insurance on a salvage vehicle.

[Mike K]

Good morning Samvel,

MBTech2 is correct. Not only that but once a car has a "salvage" title, that's it. You can't go back and replace a few pieces and "wash" it clean. Sort of like money-laundering. Resale and trade-in value go to about zero.

Not sure where you got "80% of car's in USA are salvage the other 20% at dialer lot or never claim to the insurance" but I find that very hard to believe.

If it's got a salvage title, run. Unless, of course, you're going to break it up.

Just my $0.02.

Take care.

Mike K.

[MR888]

Wouldn't touch a salvage unless you are getting it at a steal price, and not worried about resale value later on.

[eddie_b]

Originally Posted by mercedestech2

The issue is either getting financing or insurance on a salvage vehicle.

Financing I'm sure would be near impossible. I picked up a C36 with a salvage title at a steal of a price, it was theft recovery-no accidents on autocheck and carfax, and the gentleman was is need of cash. My insurance company required a safety check from a mechanic, and I had it fully insured. Only problem stems if you are in an accident. I was recently rear ended on the highway, and the car was a total loss. Repair estimate was over $16k. Value of vehicle was way down because of salvage title. My car was in excellent condition with 86,xxx miles. Like I said, I got a steal of a price and I settled with my insurance company, and got a little more than I paid for it. Would have received probably twice as much with clean title. I'm just starting to deal with insurance company of person who hit me.