Plymouthrocks1 Member Posts: 2
edited September 2017 in Pontiac
I bought a Judge from a guy in CO with no title. First mistake. Second mistake was a guy at the salvage yard in Wells,NV told me he could get me a title; great I thought. He said it would be a salvage title then once you take it to an auto mec and they verify everything is working it turns into a normal title; great I thought. WRONG! To late for me. He took My $200 and got me a salvage title (nothing wrong with my car except it just needs restored like all old cars) and now I find out it doesn't turn into a normal title but a rebuild title. This is real bad news for me because for one it is not wrecked and two it is a Judge and the value of the restored Judge with regular title and one with rebuild is about half( apx $40,000). Really bad news. So that is why I am wondering if that can ever be changed because it was never wrecked. Thanks for your time. ; Eric
Every 100% restored car is "rebuilt". If anything the restoration should assure the buyer about the car.
OK, maybe if you put your car and a pristine low mileage one that's never been touched side by side, the pristine survivor will be worth more, but that doesn't make yours worth 1/2. On a nearly 50 year old car, it's not that drastic a hit on value.
Now if you're just planning to patch it up and flip it, then yeah, the hit on value is more, but still not 50%.
You're lucky you got a title at all---many people who buy like you did, don't get anything and have a hell of a time.