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Buying a vehicle with a branded title?
Steffen999
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It is not only your money but your family's life riding on that salvage title. Not a wise decision IMHO...and the resale value will not be great with that title plus you may find it harder to sell later on. The pictures are fantastic, but you might consider passing on it unless you can get accident reports to verify the level of the damage, what was replaced/repaired, if factory parts were utilized and who did the repairs.
Don't walk away from this one, run away. Salvage titles generally cut the value of the vehicle by at least half and usually far more. Resale value will be virtually nothing later on. The price asked is ridiculously high. It's the old "shiny" principle in action.
You don't say why the vehicle has a salvage title. Was it due to a wreck? With the high amount of flooding CA experienced a few months back is it a water damage salvage? For a 2022 wreck salvage there had to be significant damage to warrant the vehicle being totaled. With a water damage salvage, they are just never right, you are looking at future rust issues as well as electrical issues. It is far too expensive to strip the vehicle of all electrical wiring, harnesses, fixtures etc, so the salvage is a good drying out followed by a good clean up.
Either way, you are looking at buying someone else's problem.
You don't say why the vehicle has a salvage title. Was it due to a wreck? With the high amount of flooding CA experienced a few months back is it a water damage salvage? For a 2022 wreck salvage there had to be significant damage to warrant the vehicle being totaled. With a water damage salvage, they are just never right, you are looking at future rust issues as well as electrical issues. It is far too expensive to strip the vehicle of all electrical wiring, harnesses, fixtures etc, so the salvage is a good drying out followed by a good clean up.
Either way, you are looking at buying someone else's problem.
Stop. Don't buy this salvaged Honda.
State Farm, totaled out one of my cars, then paid me $17,500, and sold it (the wrecked car) back to me for $3,000 (approx. 20%).
The value of a 2022 Honda Passport EXL with 21,000 miles is $ $35,900.
Someone bought this wrecked Honda, for about $7,000, fixed it and painted it.
When you compare the asking salvaged price $31,900 vs the approx. $7,000 purchase price...either there was tens of thousands of dollars of damage or tens of thousands of dollars in profits to be had.
Either way, the best of the salvaged cars are only worth 40% of their clean titled car counterparts.
In this case this salvaged Passport is only worth $14,360 and good luck finding an insurance to insure it.
Besides, Craigslist is not a safe place to look for nor to purchase a vehicle. Either you make a cash advance payment and they never show up with the car or you show up with cash and the take your cash from you.
State Farm, totaled out one of my cars, then paid me $17,500, and sold it (the wrecked car) back to me for $3,000 (approx. 20%).
The value of a 2022 Honda Passport EXL with 21,000 miles is $ $35,900.
Someone bought this wrecked Honda, for about $7,000, fixed it and painted it.
When you compare the asking salvaged price $31,900 vs the approx. $7,000 purchase price...either there was tens of thousands of dollars of damage or tens of thousands of dollars in profits to be had.
Either way, the best of the salvaged cars are only worth 40% of their clean titled car counterparts.
In this case this salvaged Passport is only worth $14,360 and good luck finding an insurance to insure it.
Besides, Craigslist is not a safe place to look for nor to purchase a vehicle. Either you make a cash advance payment and they never show up with the car or you show up with cash and the take your cash from you.
I have purchased 3 motorcycles with salvage titles. The rule for purchase is to find the fair market value of same motorcycle with a clean title and then take 50% off -- that is the price for a motorcycle with salvage title. Also know that a vehicle with salvage title usually will not be touched by a dealership. Finally -- only purchase the vehicle if your intent is to drive it until the wheels fall off. NOTE: The price you are looking at is WAY to high. WALK AWAY !!
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ADMIN: Deleted copy of Spammers post
I agree completely with everything everyone else said above, buying a salvage title vehicle is a dangerous pursuit.
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However, the vehicle you are interested in buying is the only instance that I will advise that a buyer should proceed...with loads of caution. The reason I said that is because the reason this Passport was written off is because of hail damage. I pulled it's recent history and the only obvious damage is pitting on the body and a smashed windscreen (and maybe moonroof) courtesy of hail stones. See attached pre repair pictures.
Now you should be aware of a couple of things if you are still interested in the car.
1. This vehicle has certainly been repainted and from the pictures you attached I'm not convinced the body shop got the Sonic Gray Pearl right.
2. Most people who are in the business of restoring and selling salvage title cars are doing it to make maximum profit and a lot are not particularly ethical so there could be several things that they cut corners on while fixing this car. Case in point is the windscreen (and maybe moonroof) replacement, if it's not done by a top end shop you will get water leaks. Driving aids also need to be calibrated after replacing the windscreen. Are you sure if any of these was done? The state the people offering this Passport for sale left parts of the interior of the car in gives me some concern that they might have taken care of just the barest minimum, you didn't post the picture but mud from the salvage yard is still all over the cargo tray and cargo area in the picture on their website. Who paints a car but fails to clean the interior?
3. I've seen people buy a fully restored salvage vehicle that seems to have only a minor damage before it was restored only to discover that they needed a new transmission a few months after purchase. And that was because the salvage yard and the initial buyers did not follow the manufacturers directive for towing the vehicle while it had no power, they dragged it around and chewed up the transmission gears. So don't be taken in by the glitzy new paint, you need a Honda tech to do an extensive inspection of the vehicle before jumping into it.
4. Finally, $31,900 is too much to pay with all the risks involved.
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I agree completely with everything everyone else said above, buying a salvage title vehicle is a dangerous pursuit.
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However, the vehicle you are interested in buying is the only instance that I will advise that a buyer should proceed...with loads of caution. The reason I said that is because the reason this Passport was written off is because of hail damage. I pulled it's recent history and the only obvious damage is pitting on the body and a smashed windscreen (and maybe moonroof) courtesy of hail stones. See attached pre repair pictures.
Now you should be aware of a couple of things if you are still interested in the car.
1. This vehicle has certainly been repainted and from the pictures you attached I'm not convinced the body shop got the Sonic Gray Pearl right.
2. Most people who are in the business of restoring and selling salvage title cars are doing it to make maximum profit and a lot are not particularly ethical so there could be several things that they cut corners on while fixing this car. Case in point is the windscreen (and maybe moonroof) replacement, if it's not done by a top end shop you will get water leaks. Driving aids also need to be calibrated after replacing the windscreen. Are you sure if any of these was done? The state the people offering this Passport for sale left parts of the interior of the car in gives me some concern that they might have taken care of just the barest minimum, you didn't post the picture but mud from the salvage yard is still all over the cargo tray and cargo area in the picture on their website. Who paints a car but fails to clean the interior?
3. I've seen people buy a fully restored salvage vehicle that seems to have only a minor damage before it was restored only to discover that they needed a new transmission a few months after purchase. And that was because the salvage yard and the initial buyers did not follow the manufacturers directive for towing the vehicle while it had no power, they dragged it around and chewed up the transmission gears. So don't be taken in by the glitzy new paint, you need a Honda tech to do an extensive inspection of the vehicle before jumping into it.
4. Finally, $31,900 is too much to pay with all the risks involved.
Unless you know the unknowns by being the original owner the rest is hearsay IMO. Money is one thing. Safety is another. Would you let someone you love drive this? I wouldn't even if it was free. There are plenty of used 20's and 21 for sale at that price level and IMO there are still unknowns with used.
2021 AWD Sport Crystal Black / 2021 AWD EX-L lSteel Metallic
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No telling how many gremlins are running around between headlights and taillights! Don't do it!
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Some insurance companies won't insure salvage vehicles and some states won't allow them to be registered.
Even if the price was outstanding (this one's way too high), and it was only totaled out due to hail damage but was otherwise mechanically sound, it seems like too much of a potential headache to be worth dealing with. I'd look elsewhere.
Even if the price was outstanding (this one's way too high), and it was only totaled out due to hail damage but was otherwise mechanically sound, it seems like too much of a potential headache to be worth dealing with. I'd look elsewhere.
Okay, after doing a bit of research I still wouldn't pay that price for the vehicle however I did discover the sale of the totaled vehicle. The vehicle was totaled for hail damage.
With that I mind the sale doesn't indicate if there was any water infiltration due to broken windows. Hail damage is better than totaled due to an accident or flood damage, however you are still looking at a salvage rebuild which comes with varying baggage depending on where it ends up.
With that I mind the sale doesn't indicate if there was any water infiltration due to broken windows. Hail damage is better than totaled due to an accident or flood damage, however you are still looking at a salvage rebuild which comes with varying baggage depending on where it ends up.
Buying a vehicle with a branded title?
UPDATE: Hey guys, sorry for the late response, I found many clean title with fairly the same price as salvage title, thanks for your concerned, I also run a VIN check, before going to inspect the car, @PowercatJeff wow, its the same picture as in the car report, that doesn't seems like a serious...
www.passportforums.com
All of the reasons mentioned above plus... ALL warranties are void! That means no warranty extensions or TSBs will be free or applied. Only thing that applies are safety recalls mandated by NHTSA. Otherwise, you are on your own.
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Is it hail damage and the related costs to repair that "wrote it off"? Then I'd buy it, and either live with the dents, or learn how to do PDR myself and slowly fix over time. Any other reasons I'd run away from. I don't know anything about value, but several others have said it's way too high. Take note, this cannot be the only vehicle with hail damage from this area, stand by for hundreds more to flood the market after being "repaired". Iowa?
And does it currently have salvage title? It seems to have been repaired. Why has it not been made road worthy again? That sounds like a box of snakes to get the title cleared up, especially if the body shop has not bothered to do it.
Buy a new one, or a used one without the baggage this one carries. My 2 cents.
And does it currently have salvage title? It seems to have been repaired. Why has it not been made road worthy again? That sounds like a box of snakes to get the title cleared up, especially if the body shop has not bothered to do it.
Buy a new one, or a used one without the baggage this one carries. My 2 cents.
Good for you. It will eventually sell and the proud new owner will drive away feeling great only to wake up one day to discover he got hosed and lost several thousands of dollars. His only choice will be to keep it until the wheels fall off. Always do your homework if you want an A +
Check carfax, there are comparable vehicles without a salvage title, and for less money. You might want to consider finding one in another state. I found a few in Florida under $30k with the same miles or less.
This one is a much better deal:
CARFAX: 2022 Honda Passport - $28,974 with FREE CARFAX Report. 2022 Honda Passport EX for sale in Tampa, FL - CARFAX
Or this one, even the same color:
CARFAX: 2022 Honda Passport - $29,990 with FREE CARFAX Report. 2022 Honda Passport EX for sale in Pompano Beach, FL - CARFAX
CARFAX: 2022 Honda Passport - $28,974 with FREE CARFAX Report. 2022 Honda Passport EX for sale in Tampa, FL - CARFAX
Or this one, even the same color:
CARFAX: 2022 Honda Passport - $29,990 with FREE CARFAX Report. 2022 Honda Passport EX for sale in Pompano Beach, FL - CARFAX
ADMIN; Deleted copy of Spammers Post
Number 1. Know the specific damage and repair.
2. For $31500 you most likely will not be able to get comp or collision coverage.
3. Depending on the state Salvage titles may be able to convert.
As for me totaled a very special mustang. Would have salvaged title it as I know the damage ad would be doing the work myself. Insurance co. wanted to much for buy back.
Number 1. Know the specific damage and repair.
2. For $31500 you most likely will not be able to get comp or collision coverage.
3. Depending on the state Salvage titles may be able to convert.
As for me totaled a very special mustang. Would have salvaged title it as I know the damage ad would be doing the work myself. Insurance co. wanted to much for buy back.
Google the VIN and you'll probably be able to find out if it was a flood car, wrecked or stolen. If wrecked, you'll probably find pictures of the car at auction. Definitely stay away from flood cars. The price they are asking is way too high for a salvage title vehicle.
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