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  #16  
Old 09-30-2010, 07:54 PM
yocalif yocalif is offline
Ford Ranger Owner
 
Join Date: Sep 2010
Posts: 65
Default Re: 1st post, estiimate value of this truck

$5,200

I spent a month looking for a Ranger with the criteria I mentioned above, except I left out one important criteria, it had to be salvage or so exceptional deal I couldn't pass.

I know that some will say Oh a Salvage then it isn't worth what you gave. Here is the history on the truck. It was owned by one owner a sheriff, who drove it to work and then jumped in a squad car I guess. Apparently he lived fairly close to where he worked thus the low miles. He wrecked the truck this summer, the insurance company offered a buy-out verses repair and due to age of the vehicle took the cash. When a vehicle is declared Salvage the license plate has to be destroyed (so it has to be recorded at DMV as salvage to get new plates). The company that bought it have some talented people who restored the truck, replacing the right front fender, the hood, and bumper. The independent mechanic I used to go through the truck looked for damage especially if the frame had been cut or straightened and couldn't find anything. I had to get the new plates meaning the first to own the vehicle since it was junked. Thus I'm really the 2nd owner of the vehicle. As I said I looked and saw 3 other Rangers that were also low miles, excellent condition, etc. Each of those the owner misrepresented their vehicle, they absolutely were NOT in excellent shape. I didn't want a step side, but after I saw the truck, drove it, had the mechanic go through it, I couldn't pass. I have seen dealers selling 2002 Ranger Edge with 130K+ miles for $6500 and they are not in the excellent condition my Ranger is.

So you say the resale will be bad because it is salvage. NOT if I maintain it keep it looking great and sell it before it goes over 100k, At 10k miles per year, the truck should sell easily for over $3500, meaning I can drive it for about $300 a year.

This makes the 4th salvage vehicle I have purchased. We currently have 3,
► my daughter's, Hyundai 2001 Accent paid $2700, bought it in 2005 with only 19,000 miles, so far only tires and brakes, and we had it repainted. It runs great and is very reliable.
► my wife's, Hyundai 2003 Elantra paid $2800, bought in 2007 with 65,000 miles. The owner was unemployed and needed cash (the clutch was failing). Again only brakes and tires, and the clutch which we drove for almost 2 years before replacing it.
► now my Ranger.

In the last 12 years I have saved $$$$$ thousands, yeah they are cheap vehicles, but hey I'm over the age of seeing cars as a status symbol, more power to those that can afford them. I just want to have zero debt.

I have bought new cars and they are fun but I can't stand payments. I drove a Mercedes for several years, got it with only 40,000 miles and the money to keep that hog running could have bought both Hyundai's.

I started purchasing salvage vehicles when my daughter need a car for college. It was such a good experience I have now purchased 4 salvage, I sold the 4th to a friend and it has been ok.

My point, is salvage is a great way to save money and still get a good vehicle. Opps I bought 5 salvage a F150 I completely forgot, that one wasn't as good a deal, but still ran for 3 years before I gave it to my son, and he drove it for 2 years before cracking it up.

Last edited by yocalif; 09-30-2010 at 08:02 PM.
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  #17  
Old 09-30-2010, 08:05 PM
darangerdanger darangerdanger is offline
GOT r' done :D
 
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Default Re: 1st post, estiimate value of this truck

I'd say well bought! People do freak about salvage title but meh. You'd be shocked at the simple repairs a car needs sometimes only to have insurance total it. If the frames straight and its basically being used for a work truck WHO CARES.....

That being said however I have only bought clean title vehicles....lol. I just get lucky finding deals
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  #18  
Old 09-30-2010, 08:48 PM
trcothorn trcothorn is offline
Ford Tough
 
Join Date: Feb 2010
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Default Re: 1st post, estiimate value of this truck

wow cool deal! usually every time a see a vehicle with salvage title i just skip over it
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  #19  
Old 09-30-2010, 09:47 PM
art47 art47 is offline
indifferent ranger owner
 
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Posts: 47
Default Re: 1st post, estiimate value of this truck

since it has power locks, it must be worth whatever you paid for it. . .

only you know the value of this truck
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  #20  
Old 09-30-2010, 10:35 PM
wintermute wintermute is offline
'03 Edge 4x4
 
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Default Re: 1st post, estiimate value of this truck

How's your insurance? AFAIK Most insurers won't go near a salvage title.
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  #21  
Old 10-01-2010, 12:08 AM
yocalif yocalif is offline
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Default Re: 1st post, estiimate value of this truck

Quote:
Originally Posted by wintermute View Post
How's your insurance? AFAIK Most insurers won't go near a salvage title.
Our insurance is State Farm, we have insured all our Salvage vehicles, I can get full coverage if I want it. When I called our agent she even asked if I wanted full coverage. Of course it helps to have our house insurance, all of our kid's vehicles and now my son's new bride all with same agent.
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  #22  
Old 10-01-2010, 07:08 AM
Ranger01 Ranger01 is offline
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Default Re: 1st post, estiimate value of this truck

Quote:
Originally Posted by wintermute View Post
How's your insurance? AFAIK Most insurers won't go near a salvage title.
An Insurance company will not insure a SALVAGE title but in order for the vehicle to be driven on the road you need to have it inspected and you will recieve a REBUILT SLAVAGE title. Insurance companies will insure rebuilt salvage titles.


I think you got a great buy! Very nice truck!
Makes me think i got ripped off on mine
Mine also had a salvage title but wasn't nearly as nice as yours
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  #23  
Old 10-01-2010, 07:27 AM
STL STL is offline
...............

 
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Default Re: 1st post, estiimate value of this truck

Quote:
Originally Posted by yocalif View Post
$5,200

The company that bought it have some talented people who restored the truck, replacing the right front fender, the hood, and bumper.

Talented???

The front bumper is not even right the sides are bent down.
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  #24  
Old 10-01-2010, 12:58 PM
darangerdanger darangerdanger is offline
GOT r' done :D
 
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Default Re: 1st post, estiimate value of this truck

State farm ftw! They are always easy to work with.
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Sold-03 2wd edge. McQueen glass and 35's
New!- 1990 2.3 reg cab- 5/7 drop, cobra brakes, Hurst short shifter, sir Michael's rollpan
Daily-2003 5.4 supercrew 6" fabtech on 35's and too many mods
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  #25  
Old 10-01-2010, 02:27 PM
yocalif yocalif is offline
Ford Ranger Owner
 
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Default Re: 1st post, estiimate value of this truck

Quote:
I think you got a great buy! Very nice truck!
Makes me think i got ripped off on mine
Mine also had a salvage title but wasn't nearly as nice as yours
Well your still driving it, and I'm sure it made you happy when you got it. You bought yours for what you thought it was worth and it met your expectation. Most likely you didn't have two or three choices, you had one, and you felt it was the right one. Only time will tell if I really got a deal, if the tranny or engine fails then unlucky me, not such a good deal.
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  #26  
Old 10-01-2010, 02:45 PM
Ranger01 Ranger01 is offline
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Default Re: 1st post, estiimate value of this truck

She shouldn't let you down. Mine has 164k miles on it now and i knew nothing about vehicles when i purchased it so i guess i lucked out.

Good luck!
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  #27  
Old 10-02-2010, 07:45 AM
Coleosis Coleosis is offline
The Sickest
 
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Default Re: 1st post, estiimate value of this truck

As long as its not a flood car and the frame hasnt been cut...Good job, welcome to FRF
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  #28  
Old 10-02-2010, 05:26 PM
T38 T38 is offline
Learning to use the forums
 
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Posts: 2
Default Re: 1st post, estiimate value of this truck

I, too, own a salvage title ranger. Insurance is USAA. The only problem is if the thing gets totaled, they'll pay "a percentage" of retail value. Won't quote me what the percentage is. I got comprehensive coverage only (besides liability, etc) because I usually got thru a windshield a year and the sixty bucks it costs for comp is well worth it. The truck isn't worth collision ins. So far, no problems with a salvage title.
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  #29  
Old 10-02-2010, 09:07 PM
yocalif yocalif is offline
Ford Ranger Owner
 
Join Date: Sep 2010
Posts: 65
Default Re: 1st post, estiimate value of this truck

Thanks for the welcome to FRF, just browsing some of the post I have learned some nice things, and will be making a few mods. The cabin overhead light is the first.
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