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09-16-2013, 07:32 AM #1
- Join Date
- Sep 2013
- North Alabama
02 GMC sierra with salvage title a good deal???
So i found i nice truck. It's a GMC Sierra regular cab with a stepside bed, 5.3 V8, power locks but manual windows, automatic, with a bed cover. Truck looks good in the pics i've seen so far. The guy is supposed to send me some more pics today. It's got a 160,000 miles on it and he says it runs great and is asking $6000 or best offer. My hold up is the salvage title. I've had salvage titles before with no problems but i'm just a little hesitant about this one. What do you guys think? Is it a good deal? The guys says its a salvage title because it was stolen and was not wrecked.
09-16-2013, 08:30 AM #2
I have not seen salvage titles on vehicles unless the damage to it was more than the insurance company says that it is worth. I doubt that just being stolen would cause more than $5000 or $6000 in damage. That price also seems pretty high (at least in my area) for an 2002 reg cab with that many miles. I sold my very clean fully loaded 2002 ext cab for slightly more than that 3 years ago and that was well above the market value then.
1995 Silverado 4x4
6" BDS Suspension Lift-3" Body Lift-Add A Leaf in rear -Trailmaster SSV Shocks-Duel Steering Stabilizer Kit -AirAid Cold air intake-
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2002 Silverado ext cab 2wd (Sold)
2003 Yukon XL (Totaled)
09-16-2013, 08:37 AM #3
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- Dec 2011
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Unless its was rebuilt after being totaled. I have a buddy who buys totaled trucks for cheap and completely rebuilds them and sells the for higher prices because the trucks are pretty much new.
1996 Chevy Tahoe LT 5.7L V8 4X4 205,000+ miles. Built proudly at Janesville Assembly in Janesville, Wisconsin
Basic mods: Lights all over, bunch of electrical work, and a couple cooling mods.
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09-16-2013, 02:55 PM #4
so what we have is a vehicle that he says was stolen . now it has a salvage title. this was not in any accident or had any other mechanical damage.
what you have to do is have the vin# and get a vehicle history report.
this may be a hurricane sandy flood vehicle.
it was reported that these vehicles are being sold with tittles from Oregon etc...
rileyjr16 thanked for this post09-16-2013, 03:43 PM #5
If you know a police officer you might be able to get them to run the VIN to make sure.
If at first you don't succeed, get a bigger cheater bar.
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09-17-2013, 05:11 PM #6
Not getting into all the reasons for the salvage.....$6k for an '02 single cab LS with 160K miles doesn't seem like a great deal to me. A year-and-a-half ago, I bought my '01 1500, 4x4, extended cab, sportside, LT fully loaded with 168K, price of $4800. And, I have seen equally good or better deals since. If a vehicle has a salvage, you should not pay more that 75% of wholesale (trade in) price, regardless. Few people will want to buy it when you are ready to sell it. Just my .02 worth....Las Vegas, NV...2001 Silverado 1500 LT Z71 Stepside X-cab, 171,000 miles, 5.3, cat-back duals, leveling kit, 3.73, 17" rims, more to come...
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