Not mine (thank goodness!) Item 230037753937
http://cgi.ebay.com/ebaymotors/Porsche-Speedster-58-Porsche-Speedster-Replica_W0QQcmdZViewItemQQcategoryZ6058QQihZ013QQitemZ230037753937QQrdZ1
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Not mine (thank goodness!) Item 230037753937
http://cgi.ebay.com/ebaymotors/Porsche-Speedster-58-Porsche-Speedster-Replica_W0QQcmdZViewItemQQcategoryZ6058QQihZ013QQitemZ230037753937QQrdZ1
http://cgi.ebay.com/ebaymotors/Porsche-Speedster-58-Porsche-Speedster-Replica_W0QQcmdZViewItemQQcategoryZ6058QQihZ013QQitemZ230037753937QQrdZ1
Might be a gold mine for the right enthusiast........... (Count me out)
if anyone picks this up for parts, count me in for the deck lid and gauges....
It's pretty gone but you'd be surprised how a wiz with time on his hands could fix it up.
All it needs is time (or money).
Look at the "Seller's payment instructions" at the end of the listing. He thinks he's getting over 5 large for this basket-heap!!!
You should check out his other auctions. He specializes in wrecked exotics. What a strange business.
Been there....done that. Mine didn't have any frame damage tho. Not much of value left in this one!
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There is excellent money in selling Insurance totals, theft recoveries etc. selling agents gets a precentage of the actual sale. etc.
How it works: there are designated holding yards one comes to mind is is "Copart" a national franchise, they are contracted by the Insurance Companies to haul in the vehicles from Body Shops etc.
The vehicle is then auctioned to salvage yards (again body shops) or other related wholesalers with a no reserve auction.
What quite a few people don't know is the vehicle owner has the right to purchase the vehicle back from their Insurance Company at 20% of the total pay off..i.e if they pay off at $20k you can deduct $4k from the actual amount (that amount is retained by the Insurance Company) you get the vehicle and a check for the $16k balance.
You do receive a Salvage Title from the Insurance Company, often what "totals" a vehicle is the labor portion of the repair costs and not the physical condition of the auto.
How it works: there are designated holding yards one comes to mind is is "Copart" a national franchise, they are contracted by the Insurance Companies to haul in the vehicles from Body Shops etc.
The vehicle is then auctioned to salvage yards (again body shops) or other related wholesalers with a no reserve auction.
What quite a few people don't know is the vehicle owner has the right to purchase the vehicle back from their Insurance Company at 20% of the total pay off..i.e if they pay off at $20k you can deduct $4k from the actual amount (that amount is retained by the Insurance Company) you get the vehicle and a check for the $16k balance.
You do receive a Salvage Title from the Insurance Company, often what "totals" a vehicle is the labor portion of the repair costs and not the physical condition of the auto.
Also...
Check to see if the Salvage title EXCLUDES restoration for retitle or us on Public highways. Each state may have it's own rules.
Some Salvage titles may mean that the vehicle can be use for "Parts Only"
for example:
PA Vehicle code has restrictions listed for Reconstructed,Specially Constructed or Modified Vehicles in it's form MV-426B, concerning Salvalge titles.
Greg
Check to see if the Salvage title EXCLUDES restoration for retitle or us on Public highways. Each state may have it's own rules.
Some Salvage titles may mean that the vehicle can be use for "Parts Only"
for example:
PA Vehicle code has restrictions listed for Reconstructed,Specially Constructed or Modified Vehicles in it's form MV-426B, concerning Salvalge titles.
Greg
A salvage title is a stigma that stays with the vehicle, no matter of condition or reason....similar I think to the way some view our replica's.....
the 911 targa was declared a total and the insurance company would not allow me to buy back the car. I wanted the SC engine and other pieces parts. I will never understand them.
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Hmmm, seems to be a pattern here.....mine also
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Can't believe it..that 911 was totally repairable....
Yes, but...If an insurance company pays out big bucks, the car is repaired and then a major
accident occurs soon after they lose. The repaired car has a lower (perceived) value
due the repair that was done(not with me but..). So if this car is damaged again the insurance industry doesn't want to get stuck paying full value for a car of lesser value.
accident occurs soon after they lose. The repaired car has a lower (perceived) value
due the repair that was done(not with me but..). So if this car is damaged again the insurance industry doesn't want to get stuck paying full value for a car of lesser value.
...so that's why the insurance company 'totaled' my AMC Pacer when a shopping cart bumped into it!
Greg
You are correct in Pa. there are issues in the MV-426B. Like most everything, it's all in the know how of answering questions and jumping through the hoops even when applying for a Special Construction Title for a Speedster.
I wrote the post in a mode of thinking that reflected my former residence of New Jersey where just about anything is possible with a hand held forth. Uz follo'in me here uh?
Some states still do not declare any designations on their titles as to a vehicles past history.
You are correct in Pa. there are issues in the MV-426B. Like most everything, it's all in the know how of answering questions and jumping through the hoops even when applying for a Special Construction Title for a Speedster.
I wrote the post in a mode of thinking that reflected my former residence of New Jersey where just about anything is possible with a hand held forth. Uz follo'in me here uh?
Some states still do not declare any designations on their titles as to a vehicles past history.