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Old 09-02-2013, 05:42 PM   #1
Tonytheliger
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Default About to buy salvage STI, need advice quick!

First off, Im not scared of buying salvage because I actually know what it looks like, the damage done, and I'll be fixing it myself with the help of a friend (:

2007 WRX STI
70k Miles
Autochecked the VIN:
1 owner.
He received the title in July...crashed in August(thats gotta suck)

The only things I'm worried about:
looks like he had a bov or something, (im not sure if i should even care about that) Take a look at the pic's.

exhaust doesnt look stock but i dont care about that (:
AND

01/04/2013 CA 66,127 State Agency FAILED EMISSION INSPECTION
01/12/2013 CA 66,364 State Agency PASSED EMISSION INSPECTION

Failed Emission then passed it, so Im guessing he was catless then got that fixed a week later for the test again.. CA has really strict emission tests, and I've read about people getting failed for a bad gas cap.. Opinions on this?

The fix looks very cheap and easy! The guy helping me with the dealer license is a pro at fixing cars, been doing it his whole life.

Damage: Front and Rear
I need a new front bumper and grill.
He will fix and paint the hood.
He can fix the small dent on the rear bumper.


My questions:
1. How much would it cost to register a salvage vehicle?
2. Considering the cost of registering this car, How much should I pay for it?? $$$


Thanks alot for the help guys! Appreciate it. Very eager to finally join the club

















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Old 09-02-2013, 05:50 PM   #2
Big-E
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What does California State motor vehicle laws say regarding a salvage titled car? Can it be effectively fixed and registered? If yes, with a salvage title or a "clean" title?

What does an insurance company have to say about a salvage titled car? Will they insure one? Will they insure one that has complied with motor vehicle law, but still has a salvage title? Compliant but with a "clean" title?

You need facts first before making the decision to buy.

http://www.bar.ca.gov/80_BARResource..._Vehicles.html

http://www.dmv.ca.gov/pubs/brochures/howto/htvr13.htm
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Old 09-02-2013, 05:52 PM   #3
Jack
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Once it is fixed, it's worth between 50% and 60% of clean title STi. Learn what you have to do to make it even registerable in your state. (fill in your profile). In Mass, you can't do it yourself. You have to be a registered rebuilder and the state police scrutinize every receipt (they actually stamp every single receipt) and compare it with the insurance report of what's needed to repair.

Can you even test anything before bidding. A compression test and a general mechanical look would help a lot.
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Old 09-02-2013, 06:23 PM   #4
Uncle Scotty
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if the car isnt VERY cheap...dont.

salvage titles can be a real pita
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Old 09-02-2013, 06:34 PM   #5
Big-E
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Quote:
Originally Posted by Jack View Post
Once it is fixed, it's worth between 50% and 60% of clean title STi. Learn what you have to do to make it even registerable in your state. (fill in your profile). In Mass, you can't do it yourself. You have to be a registered rebuilder and the state police scrutinize every receipt (they actually stamp every single receipt) and compare it with the insurance report of what's needed to repair.

Can you even test anything before bidding. A compression test and a general mechanical look would help a lot.
In Connecticut, you cannot repair / rebuild the car yourself either.

All repaired / rebuilt parts must be exposed; no undercoating or other coatings are allowed, for the DMV inspection.

Plus, you cannot drive the car to the DMV inspection center. It must be towed (flatbed) or placed onto a trailer so that all four wheels are off of the ground.
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Old 09-02-2013, 06:52 PM   #6
Tonytheliger
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You can inspect them, but its its in California and Im in Nevada. Yes you can rebuild a salvage car and recieve a rebuilt title in Nevada.

I just need to get it checked and recieve a "Certificate of Inspection by a Nevada registered garage, licensed body shop or licensed rebuilder." Then take it to a DMV inspection Station. Once completed I can register and get the title (branded rebuilt.)

Insurance companies will insure a rebuilt vehicle, they just wouldnt give me the same amount as if I had a clear title (makes sense)

My buddy owns a frame machine and everything. We will check everything before I register it.
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Old 09-02-2013, 06:54 PM   #7
69subaru360
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You need to go to the auction and check the car out in person. That is nowhere near enough damage to total a car. The may be hidden damage you can't see in the pics or mechanical damage.

Salvage auctions guarantee nothing, even if it is a run/drive, even if parts go "missing" after the pics are taken. If you win the auction, it's yours.
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Old 09-02-2013, 06:55 PM   #8
Tonytheliger
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Quote:
Originally Posted by Uncle Scotty View Post
if the car isnt VERY cheap...dont.

salvage titles can be a real pita
So how much would you consider very cheap?

Im just looking at suggestions for how much to offer at the auction. Its at 6.6k right now for pre-bid.

I'm not trying to resell. I want it for myself.
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Old 09-02-2013, 06:56 PM   #9
Big-E
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I'm glad you're asking and getting decent responses OP.

Just make an actual check-list of what must be done to ensure that you don't spend more in terms of time or money in achieving your objective.

Good luck!
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Old 09-02-2013, 06:57 PM   #10
69subaru360
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Quote:
Originally Posted by Tonytheliger View Post
So how much would you consider very cheap?

Im just looking at suggestions for how much to offer at the auction. Its at 6.6k right now for pre-bid.

I'm not trying to resell. I want it for myself.
That will go for at least 10 probably 12 if there is no other damage.
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Old 09-02-2013, 07:02 PM   #11
its byron
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As long as the engine is good I agree with the guy above me. 10 - 12. Really depends on what your top dollar is and what its worth to you. are you keeping it or trying to sell it later? Def try and get a compression test on it and if he has an after market exhaust(and what looks to be a blowoff valve) check to see if it has a downpipe and if it was tuned. Engine could be blown for all you know.
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Old 09-02-2013, 07:06 PM   #12
Tonytheliger
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Quote:
Originally Posted by 69subaru360 View Post
You need to go to the auction and check the car out in person. That is nowhere near enough damage to total a car. The may be hidden damage you can't see in the pics or mechanical damage.
Unfortunately i cannot make it to California in time to check by tommorow.
Yeah that's what I said, but i guess the guy settled for the money to buy a new car.. He/she's been driving this since 2008.

Found this:
What if the insurance company wants to total my car, but I want it fixed?

Under the law, the insurance company has the option to either repair your vehicle or declare your car a total loss and provide you fair compensation. If your car is totaled, some insurance companies will allow you to keep the car, but will deduct the ‘salvage value’ of the vehicle from the check.
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Old 09-02-2013, 07:11 PM   #13
Tonytheliger
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Quote:
Originally Posted by its byron View Post
As long as the engine is good I agree with the guy above me. 10 - 12. Really depends on what your top dollar is and what its worth to you. are you keeping it or trying to sell it later? Def try and get a compression test on it and if he has an after market exhaust(and what looks to be a blowoff valve) check to see if it has a downpipe and if it was tuned. Engine could be blown for all you know.
Its run and drive. I'll be looking at the auction and bid online so i'll see it pull up onto the cameras' views.

Thanks this is what im looking for!
Yeah I'll definitely see if it was tuned.
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Old 09-02-2013, 07:16 PM   #14
Tonytheliger
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Default

Thanks for the help guys I'm really excited!!

10-12k is a little higher than i expected it might go for, but its still in my range.

For now, other opinions are very much appreciated!
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Old 09-02-2013, 07:17 PM   #15
its byron
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WRB- 20PSI on 93oct

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Well I mean if you think 12 is high, do you have any idea how much someone would get for this if it was in good condition? you're looking at close to 22G's. so you'd probably get it for about half that if its salvage, which is pretty normal. The damage would have to be severely more substantial if otherwise. Maybe you'll luck out and no one will be interested in buying it. Good luck though! and keep us posted.
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Old 09-02-2013, 07:23 PM   #16
Tonytheliger
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Yeah you're right (: It has 9 pre-bidders but im hoping not so many people show up (or i hope they show up late) to the auction. Since its labor day weekend, im hoping its slow. There are 450 cars total in this auction and I only need 1
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Old 09-02-2013, 09:33 PM   #17
madkayaker
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04 sti, 11 forester xt

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If it runs and drives, and you decide not to rebuild it, you can make your money back easy by parting it out. It is a lot of work, and you will probably still have random parts laying around years later, but you should do fine. I bought and parted out an 04 sti that looked much worse than that one, kept the trans and rear diff, and still made money. I had about $7200 in it by the time I paid auction fees (don't forget about those) and hauled it home.
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Old 09-02-2013, 10:04 PM   #18
mod maniac
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I buy at action and it is hit and miss. sti's are hard to get I have tried and not been able to get one. I have bought some wrx's though. Go for it and good luck. I just set the amount I am willing to spend and let it go if it goes past that.
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Old 09-02-2013, 10:11 PM   #19
madkayaker
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Quote:
Originally Posted by mod maniac View Post
I buy at action and it is hit and miss. sti's are hard to get I have tried and not been able to get one. I have bought some wrx's though. Go for it and good luck. I just set the amount I am willing to spend and let it go if it goes past that.
yep... and keep in mind the auction fees, broker fees, transportation, title, etc when setting that limit.
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Old 09-02-2013, 10:14 PM   #20
'02 Subaru Rex
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WRB sittin on GOLD

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i could ship you an 05 WRB one in great condition with less miles and solid mods for about what its going to cost you to buy and repair the one your looking at. My car also has a branded title.
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Old 09-03-2013, 12:18 AM   #21
T_woot
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I wouldn't pay 12k for that...
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Old 09-03-2013, 12:56 AM   #22
kyletakahero
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Shoot I'd buy it just for the fact it's a perfect donor for a complete swap.
To me, that's worth about 9-12k in the parts alone. From motor, suspension, wheels, ect..
You would have a complete harness and all the electronics right there just waiting to be swapped in a different Subaru.
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Old 09-03-2013, 01:28 AM   #23
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If its at auction it's going to go for $10k+ easily. If you can fix it and finance it you're in the $$$.
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Old 09-03-2013, 02:28 AM   #24
Tonytheliger
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lets hope for the best!!!
if you cant tell im very excited
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Old 09-03-2013, 03:30 AM   #25
xVern
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I bet Silverline (it gets fun on page 5) has their eye on it.
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