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Old 12-06-2019, 09:57 AM   #1
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Salvage Title

Hello Everyone, I was just curious if anyone has bought a Fifth wheel with a salvage title. It's a 2020 Grand Design 380FL which was damaged in transit. Story is there was minor damage to the rear when the transport company hit another RV when pulling out. RV was fixed with all factory parts, around 1k in repairs, but other than no factory warranty what would be the downside?

They are asking around 20-30k below retail, not MSRP.
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Old 12-06-2019, 10:07 AM   #2
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Quote:
Originally Posted by Srtfm09 View Post
Hello Everyone, I was just curious if anyone has bought a Fifth wheel with a salvage title. It's a 2020 Grand Design 380FL which was damaged in transit. Story is there was minor damage to the rear when the transport company hit another RV when pulling out. RV was fixed with all factory parts, around 1k in repairs, but other than no factory warranty what would be the downside?



They are asking around 20-30k below retail, not MSRP.
Get the VIN number and ask the manufacturer for the history.
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Old 12-06-2019, 10:09 AM   #3
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Greatly reduced resale value and potentially uninsurable for comprehensive or collision. On a side note, if the fifth wheel only had 1,000 dollars in repairs they would not have issued a salvage title. Something sounds fishy.
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Old 12-06-2019, 10:11 AM   #4
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Originally Posted by spdracr39 View Post
Greatly reduced resale value and potentially uninsurable for comprehensive or collision. On a side note, if the fifth wheel only had 1,000 dollars in repairs they would not have issued a salvage title. Something sounds fishy.
X2 on that!
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Old 12-06-2019, 10:30 AM   #5
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I would say a salvage title makes it worth less than half of the retail value. Resale is going to be near impossible because banks generally wont finance something with a salvage title. This will rule out a good portion of potential buyers. Maybe if you are going to keep it forever it might be worth considering. Forever is a long time in rv land. Considering this rv is worth well over 100k, I seriously doubt they would put a salvage title on it for a thousand bucks.
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Old 12-06-2019, 10:42 AM   #6
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Agree

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Originally Posted by winniman View Post
I would say a salvage title makes it worth less than half of the retail value. Resale is going to be near impossible because banks generally wont finance something with a salvage title. This will rule out a good portion of potential buyers. Maybe if you are going to keep it forever it might be worth considering. Forever is a long time in rv land. Considering this rv is worth well over 100k, I seriously doubt they would put a salvage title on it for a thousand bucks.
My thoughts exactly, as were those ahead of Winnimam’s. I wouldn’t buy a salvage titled vehicle, not knowing exactly what happened. It appears you are being deceived right out of the blocks with no comeback.

I’d advise move on. Buy something else we’ll taken care of, and already depreciated. At least it will have resale value and be insurable.

Good luck in your search.

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Old 12-06-2019, 11:06 AM   #7
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Check if your state laws will license a salvage title vehicle. Some won't on cars - I don't know about trailers.
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Old 12-06-2019, 11:14 AM   #8
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Another vote for 'something is fishy'. As far as *I* know, a salvage title indicates damage at or near the 'totaled' value, not a mere $1000 in damages. If that were the case then every little fender bender accident would be cause for a salvage title.
In general, I'm OK with a salvage title as long as it's a GREAT price, but on that particular one you should run away because it seems that they are starting out lying to you.
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Old 12-06-2019, 11:22 AM   #9
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I've purchased automobiles with salvage title. I ask for before/after photos and any other documentation to show damage/repair.

Resale value on salvage title is very bad. (if re-sale is important to you)

Check with your insurance company to make sure you know their rules on insurance / payouts on a salvaged title.


Check your DMV on titling / registration /inspection of salvaged title.
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Old 12-06-2019, 11:32 AM   #10
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Salvage title usually means the insurance company deemed repairs exceeded book value.
If it was a $1000 parking lot booboo it wouldn't have a salvage title. Something sounds bofongu in Dallas. Stay away.
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Old 12-06-2019, 11:42 AM   #11
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What everybody else has already said. I would dig deeper if you're really interested.

It's possible that a salvage title on a new vehicle that has never been titled has a little different meaning than on a used vehicle that has already been titled.

Maybe it only had a $1,000 repair for the bump but then sat underwater for a week.
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Old 12-06-2019, 11:49 AM   #12
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Greatly reduced resale value and potentially uninsurable for comprehensive or collision. On a side note, if the fifth wheel only had 1,000 dollars in repairs they would not have issued a salvage title. Something sounds fishy.
I would double check with your Insurance agent regarding comp and collision. It varies.

I just asked my insurance agent and she said that if the damage has been repaired that comp and collision would be no problem.
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Old 12-06-2019, 11:51 AM   #13
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Many insurance companies will only sell liability an property damage on a salvage titled vehicle. If you are comfortable with that, don't buy separate ins, your truck insurance may cover whatever you are towing-while attached together.
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Old 12-06-2019, 11:58 AM   #14
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Greatly reduced resale value and potentially uninsurable for comprehensive or collision. On a side note, if the fifth wheel only had 1,000 dollars in repairs they would not have issued a salvage title. Something sounds fishy.
Actually this could be very common. Since it was damaged in transit and the damage was more than superficial they cannot sell it as new. Thus salvage.
Now the amout off the asking or MSRP price can be had on a brand new full warranty unit also. So their discount is not enough IMHO.
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