Re: [alfa] Re: total loss

[Tom Bremser <tom_bremser@xxxxxxxxx>]

A salvage title may also affect your ability to get
insurance.  My '81 Spider has a salvage title.  I was
naive when I bought it( no regrets, the car is 100%
restored and a real beauty, just wish I had known the
difference ).  I am sure every insurance company is
different, but with my company, USAA, I have had to
submit photographs and documentation of restoration
for review by an underwriter before they will extend
more that liability coverage. 
Tom
'81 & '85 Spider

--- Andrew Kress <aokress@domain.elided> wrote:
> The one thing you should at least consider is that a
> salvage title will 
> always effect merchantability.  In other words it
> will be a problem in 
> selling the car, and the way that is usually
> remedied is to lower the price 
> - a  lot.  In point of fact it might not have a real
> impact on the sale 
> price of a used spider (since their prices are
> pretty well decpreciated 
> already), however, it will cause buyers to second
> think the purchase and 
> you'll always have to sell for less than an
> equivalent car of same type and 
> condition.  If you plan on keeping it for a long
> time (which you seem to be 
> saying) then you really have nothing to lose.
> good luck with it.
> andy


=====
Tom Bremser


	
		
__________________________________
Do you Yahoo!?
New and Improved Yahoo! Mail - 100MB free storage!
http://promotions.yahoo.com/new_mail 
--
to be removed from alfa, see /bin/digest-subs.cgi
or email "unsubscribe alfa" to majordomo@domain.elided