Gotcha. The S500 coupe had a salvage title. Made it a lot cheaper, and I knew the reason why, which helped.
I haven’t been scared by salvage titles, but you certainly have to do your due diligence. With our older cars it’s not uncommon to find them, as one hit in the supermarket and the insurance company wants the car off their books. That was the case with Tarek’s S500 coupe. He took the money, bought the car back and had it fixed. My 1997 SL500 has a rebuilt title, which was the result of a insurance company total loss and the buyer not being the owner. He bought it from the insurance company as a total loss, had it repaired and inspected by the state to get it back on the road. Rebuilt titles are far more rare than salvage, but to be honest, probably better since the state usually gets involved in certifying their roadworthiness and the integrity of the repair work. And yes, it does make for a substantial hit on value, retail or private sale. I paid probably half of what the SL500 would have been worth had it been an unmolested model with the same age and miles (78k) on it. Dan > On Sep 27, 2015, at 6:26 PM, Kaleb C. Striplin via Mercedes > <mercedes@okiebenz.com> wrote: > > Salvage title > > Sent from my iPhone > >> On Sep 27, 2015, at 5:17 PM, Dan Penoff via Mercedes <mercedes@okiebenz.com> >> wrote: >> >> What, pray tell, is a “branded title”? >> >> Dan >> >> >>> On Sep 27, 2015, at 6:13 PM, Mitch Haley via Mercedes >>> <mercedes@okiebenz.com> wrote: >>> >>> Andrew Strasfogel via Mercedes wrote: >>>> And there is a title problem due to a collision?? >>> >>> Dealers tell me that branded titles are worth half as much as clean titles. >>> >>> _______________________________________ >>> http://www.okiebenz.com >>> >>> To search list archives http://www.okiebenz.com/archive/ >>> >>> To Unsubscribe or change delivery options go to: >>> http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com >> >> >> _______________________________________ >> http://www.okiebenz.com >> >> To search list archives http://www.okiebenz.com/archive/ >> >> To Unsubscribe or change delivery options go to: >> http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com >> > > _______________________________________ > http://www.okiebenz.com > > To search list archives http://www.okiebenz.com/archive/ > > To Unsubscribe or change delivery options go to: > http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com > _______________________________________ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
