Salvage Title

[Bullshark]

Can anyone educate me on "Salvage Titles" I have a friend who has a 69 vert. Most of the key pieces are there, i.e. engine, transmission, frame, birdcage, etc. etc. Front end damage. Needs front clip, radiator etc. Only problem is it has a savage title. Can it be restored????

Bullshark

 

[clutchdust]

Be a great project for a track car, but restoration would be a complete and utter waste of money. A salvage title will NEVER, EVER be respected by a buyer, especially of a classic muscle/sports car. Salvage generally indicates something hideous has happened to the car at some point during its life, and since that event can rarely be documented, buyers will assume the worst, i.e. flood, theft recovery, totalled, etc, etc.

 

[mrvette]

BEEEEEEEEPPPP!!!

REALITY CHECK......

all that shit depends on the car,.....ANY car can be made into ANYthing they want it too.....

I seen guys fool NCRS top flight judges with fake engines, and to boot it's SO easy to rip a vin tag from one car to another it's not even funny....

all else is bullshit.....I know some of the men that have done it, why in hell you think I have NO respect for anything NCRS???

and look at it economically ....the history of the say Ford V8 club award winners....a perfect car, '35 rumble seat convertible...bought and petted over for something over a decade....sold for only 2 grand 'profit' over purchase price.....when I told the neighbor friend it was worth much MORE as a steel bodies hotrod...instead of only 15 grand for the car, he could have had some 35 grand back when, and exercised his mechanical engineering background....

I think the same thing is going to happen with Corvettes in general....

LOOK at the demographics....the olde tyme guys what knew them Fords as new are now dead...or too olde to care.....

SO the only guys wanting them remember them as STEEL BODY hotrods....

think the same thing not happening today with our vettes???

bullshit, the museums are full of them,

:smash::smash::surrender:

 

[BBShark]

I'm thinking that you mean put back together into a running car that is similar to the way it was in 69. Not a "correct" restoration that might pass NCRS scrutiny. And, there is the question of it's value when done. Is it worth it? I think that the stigma of a salvage title for an old car like a 69 would not affect todays value to most buyers.

However, there are those that equate this to virginity, which I understand cannot be restored once gone

 

[mrvette]

I'm thinking that you mean put back together into a running car that is similar to the way it was in 69. Not a "correct" restoration that might pass NCRS scrutiny. And, there is the question of it's value when done. Is it worth it? I think that the stigma of a salvage title for an old car like a 69 would not affect todays value to most buyers.

However, there are those that equate this to virginity, which I understand cannot be restored once gone

Eh, I can give it a lick....:smash::twitch:

 

[010752]

The only problem with salvage turned rebuilt titled cars will be the resale value. Almost always it will be worth less unless highly restomodded to LSx, flares etc. A 69 vert is probably one of the best candidates because of their value.
If buying it, the price has to be right.
If you think you are going to keep it etc, the car is probably no worse than any other that you see being repaired. If a front crash, check for frame racking, not a lot of fudge room up front like other framed cars.
In all states the salvage car has to be inspected by the state, with proof of parts purchases with invoices. The state will issue a new "Rebuilt" title and attach a new VIN plate and it's ready for registration and tags. Some states prohibit insurance companies from treating them differently than a normal title.
Some states only allow a lisenced dealer/rebuilder to convert from salvage to rebuilt.

Check with the state involved, it's all in the statutes, usually the state police have a special unit for this, and if the figures work out, I would do it.

 

[Bullshark]

Thanks guys, I will help him check into the options. With all the spare parts I have lying around, It seem like a shame to let a 69 vert go to waste. No, we were never thinking about NCRS type restoration. Other than the fact that it is a convertible, its just a typical run of the mill small block, automatic. I could easily change that to a 4-speed BB though:smash: LSx sounds like it would be fun also. He seems to like the RamJet 502 I have in the 70, but... been there done that, and besides bit of old technology now.
The guy he bought it from included a tilt up front fiberglass clip body, but I'm telling him to dump that for some quality front fiberglass pieces. I still have two old original BB hoods in the garage. We will see where this takes us
Thanks

 

[big2bird]

Thanks guys, I will help him check into the options. With all the spare parts I have lying around, It seem like a shame to let a 69 vert go to waste. No, we were never thinking about NCRS type restoration. Other than the fact that it is a convertible, its just a typical run of the mill small block, automatic. I could easily change that to a 4-speed BB though:smash: LSx sounds like it would be fun also. He seems to like the RamJet 502 I have in the 70, but... been there done that, and besides bit of old technology now.
The guy he bought it from included a tilt up front fiberglass clip body, but I'm telling him to dump that for some quality front fiberglass pieces. I still have two old original BB hoods in the garage. We will see where this takes us
Thanks

In Missouri, can't you title a lawn chair with a motor on it? No worries.:smash:

 

[ruby76]

my 76 had a Missour Salvage title from a rear-end accident it was in in 1980. When I brought the car to Illinois they removed the salvage title on it because all affected parts had been replaced over 20 years ago so the salvage term wore off. Any damaged parts on the car would have worn out by now and been replaced even without the original accident damage. That was Illinois' response when I asked them about it. I bought my car to drive and have fun in - not for resale. A 1969 Vert is a 1969 Vert regardless of what string of letters appear on the title. You know what a good car looks like, and that is what I'd base my opinion on.