I am looking to buy a 67 mustang but it has a salvaged title? Im not sure what that means other than it has once been in an accident where it would have costed more to fix then the car is worth. Can the title be brought back? Or is it gone forever?

 

Its a huge warning flag to any potential buyers that this car has had serious work done to it.


Some times Salvage title cars can be problematic, some times they are every bit as good as they were originally.


Normally, the resale value of a car with a salvage title is about half of what it would normally be.


In my honest opinion, since this car is a '67. I dont think it really means much. That thing could have been wrecked hard and repaired back when Elvis was alive. If it was a 2003, I would steer you away from it. but a 1967??? Even if it wasnt a Salvage title, its still 40 years old.

Just check it out and make sure its not a P.O.S.

 

I'm no expert on this but I believe once it has a salvage title it stays that way to protect the buyer. Flooded cars are notorious for this. I also think you can do wahtever you want with the car. It can be registered and insured. If you think the car is a good buy then buy it. The salvage title wouldn't stop me from getting a good buy although it does hurt the value.

See if you can track down the cars history. I don't know how well Carfax is for this particular year. But many states will have a history of the car including accidents and owners. I've never been a Mustang fan but I do like the 65 to 67s.

If you do buy a car 25 years or older look to insure it through Haggerty. They specialize in old cars, don't limit how many miles you can drive it and full coverage is dirt cheap.

 

is there a way to bring back the title?

 

Bring it back from where??????


Use your head!


Being able to "undue" a salvage title would defeat the purpose of having a salvage title in the first place.

now wouldnt it??????

 

what i am saying is like if I bought the car and it had a salvaged title would it always have a salvaged title? A salvaged title isnt a good selling point. I want to buy this car fix it up and sell it. I want some money. Not too many people want to but a salvaged title car. it is 40 years old but still its a negative.

 

For that matter it could have been totalled before the Elvis comeback special .

A good rule of thumb for anything with 4 wheels. You will get back half, or possibly a tiny bit more of what you put in it. Unless it's a Convertible, GT, GTA, or Shelby, I wouldn't look to get much more than that. Fixing up old cars is a dicey business. You could get lucky and sell it for big bucks, but....

To buy and keep is another thing, I would not care about a salvage titled if it was going to be mine. I would jump at almost any Mustang 2+2 right now. I have wanted a 65 or 66 Fastback, ANY code, since I have been old enough to look at my older brothers car magazines. Most were dated 64-70, and were about 10 yrs old then.,,,,98

 

Unless you're picking it up cheap and it doesnt need any work, then it's probably not the best investment oppurtunity. Like any other car, add initial price, + parts/work needed = total dollar investment add yout time invested to that. Compare that to what you think you might get out of it when it's done and guess low on what you might sell it for.

 

Once it has a salvage title, there is no remedy. That will always be its title. As far as being a derrent, as others have said, depends on what you want to do with the car and the price paid for it.

 

A salvage title is to let a buyer know that this individual vehicle was "totaled" for insurance purposes. It is meant to protect the buyer. If it could be reversed then it would not protect the buyer. It would be fraud. When we have severe flooding in NJ insurance companies "total" a car because of what the salt water does to the vehicles. The insurance company then sells the car to a junk/salvage yard and issues a salvage title through the state since it is a legal transaction. There are those individuals in this world that try to sell these cars as ordinary used cars knowing it may not get out of the parking lot. Joey Buttafuco comes to mind.