Dr. RX Posted February 7, 2005 Share Posted February 7, 2005 I have decided that it is time to get my wife into an EJ series car. So I find the 95 Legacy L AWD Wagon with front end damage, it fixable. The guy wants $750 for it, but tells me that it has a salvage title, plus there is another guy who wants just the tranny. So I go over to look at it, it's not bad, but with the salvage title, I’m wanting to get it for as little as I can. I call the guys and tell him I'd liek to make an offer on the car, but would like him present to show him why I'm offering the price (I'm think $650, but my wife says $550). The guy shows up, and before I tell him my offer, he tells me that the guy who wants the tranny is willing to pay $500, so I say $550, and I get the car. OK, I drag it home, check a local car auction place and they have a 95 Legacy coming up for auction the next day. So I go down there, not only is it a 95 Legacy, but it is an L model AWD in the same color as the one just picked. It is pretty complete, there are a few places were it looks like someone was in the process of making some repairs, but didn't finish. It hasn't been licensed in two years, but it starts right up and moves under it's own power. There was a quick bidding war, but I got the car. The place is about 60 miles from my place, so my wife is driving it, I tell her if there is any problem, just flash the high beams and we'll have AAA tow it home. The whole trip home is uneventful, the drive drives great. Ok, OK, here is my dilemma, do I use the parts on the complete car (car #2) to repair the wrecked car (car #1)? Car #1 has over 120K on it, the tranny fluid it a dark brown, car #2 has 77K on it and as far as I can tell, just needs a paint job. Ok so it is not really a dilemma, car #1 becomes a parts car and car #2 gets painted. All in all it was a fun weekend. Link to comment Share on other sites More sharing options...
ron917 Posted February 7, 2005 Share Posted February 7, 2005 Fix 'em both, keep one and sell the other for a profit. Link to comment Share on other sites More sharing options...
northguy Posted February 7, 2005 Share Posted February 7, 2005 Seems as if you have one that runs, it makes sense to run that one until the wheels fall off, then decide whether to use it or the other as parts. Link to comment Share on other sites More sharing options...
MorganM Posted February 7, 2005 Share Posted February 7, 2005 I'm not a fan of wrecked cars and the salvage title is limiting your insurance options. It may appear to be strictly cosmetic damage but I've seen to many 'fender benders' do damage else where causing nothing but head aches down the road. For insurance you wont be able to get full coverage. God willing you'll never have an accident in it but if you do the car and your insurance is worthless to you. It will cover the other person and now you are out a car. Had it been under full coverage youd be getting fat check after that wreck. I'd keep and fix up the one with a straight title and hasnt been in an accident. Link to comment Share on other sites More sharing options...
NorthWet Posted February 8, 2005 Share Posted February 8, 2005 ...For insurance you wont be able to get full coverage... Why would you want full coverage on a $550 car??? Premiums would eat up its value in no time. My agent/friend says that unless the car is over $5000 or so, full coverage makes no financial sense. $0.02 worth... Link to comment Share on other sites More sharing options...
subeman90 Posted February 8, 2005 Share Posted February 8, 2005 Sell that tranny to the dude who wanted to buy it for $500....then you have a $50 parts car or fix it up and sell it....or what the heck fix up both and sell them and get a really nice car for the wife (they seem to like that). Matt Link to comment Share on other sites More sharing options...
Dr. RX Posted February 8, 2005 Author Share Posted February 8, 2005 Sell that tranny to the dude who wanted to buy it for $500....then you have a $50 parts car or fix it up and sell it....or what the heck fix up both and sell them and get a really nice car for the wife (they seem to like that). Matt Gee, I like this answer. Link to comment Share on other sites More sharing options...
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