FS: CL - Portland OR 1970 BMW 2800 Sedan $20K

Nachtycoupe

Nachtycoupe

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This looks a lot like Gordon Parr's/Andy's car that is listed here. Looks like a nice car. It does say rebuilt title, I would imagine that is like a Salvage title here in CA. Maybe one of you Oregonian's can chime in on that.

http://portland.craigslist.org/clc/cto/5478567981.html
 

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But if you think about it, many of our cars started at the "salvage" level, the difference is that the DMV and insurance company just never saw it before we finished the restoration.

I got into an accident with my E24, 5k in damage and insurance wanted to total the car and said if they give me all that it is worth and I keep it, it will be a salvaged vehicle. I made a deal, accepted 500 less and covered the remaining repair costs and maintained my title.
 
From my perspective, once the car has a story that affects the title it changes the value. I look at it from the perspective of the future potential buyer, will they pay market price or top dollar for a car that has a branded title? Not anyone that I have met.

I also understand that the value of these cars reach a point so low that even a minor fender bender, which I agree most have had, could and would have rendered the car a salvaged title by the insurance company. I also know that there were many scams in the 1980's where people were cashing out on their cars then buying them back from the insurance company at a large discount. At the end of the day however the title is branded and the value is diminished.
 
Wife had an old Jeep CJ7 I put on Craigslist. Got a handful of inquiries about intact dash and clear title from people who already had a jeep. I realized they wanted the dash for the VIN and clear title to convert their salvaged title. Nice try.
 
OCCoupe said:
From my perspective, once the car has a story that affects the title it changes the value. I look at it from the perspective of the future potential buyer, will they pay market price or top dollar for a car that has a branded title? Not anyone that I have met.

I also understand that the value of these cars reach a point so low that even a minor fender bender, which I agree most have had, could and would have rendered the car a salvaged title by the insurance company. I also know that there were many scams in the 1980's where people were cashing out on their cars then buying them back from the insurance company at a large discount. At the end of the day however the title is branded and the value is diminished.
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This is correct. How do I know for sure? My Coupe has a salvage title. Hit lightly in the drivers side front headlight back in the early 90's when it wasn't worth much, and it needed a fender.

I negotiated a lower price for it, and if/when I ever sell it, I'm sure it'll be less than what clean titles ones go for.
 
MyFemurHurts said:
This is correct. How do I know for sure? My Coupe has a salvage title. Hit lightly in the drivers side front headlight back in the early 90's when it wasn't worth much, and it needed a fender.

I negotiated a lower price for it, and if/when I ever sell it, I'm sure it'll be less than what clean titles ones go for.
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I agree completely. A salvage title is somewhat of a scarlet letter. With that said, as long as you don't dump a bunch of money into the car, the relative appreciation could remain the same. It is likely never a candidate for a full blown restoration, because you will be competing against cars with clean titles. From a practicality perspective, it's totally silly but the market speaks.
 
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