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      05-23-2016, 01:38 PM   #1
themasonryan
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Question Buying with a rebuilt title???

So I found this awesome 135i with only 47,000 miles and jb4, meth kit, full exhaust and coilovers. I talked the guy down to $12,000 but the only problem with the car is it has a rebuilt title, I looked at the car fax and the damage was very minor (just hood, bumper and headlight replaced) and I was wondering if this is a good deal for me considering I could want to continue modding the car or does the title kill the value too much?

Heres the CL link:https://houston.craigslist.org/cto/5595188688.html
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      05-23-2016, 06:45 PM   #2
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If chassis wasnt damaged or frame then i say its good (owner of a used car dealership)
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      05-23-2016, 07:06 PM   #3
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The body IS the frame, plus car has heavy mods. Pass. There's a reason that car's cheap, and it's not because the title is now a different color.

Carfax is also wrong about stuff all the time so don't take what it says was replaced as gospel.
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      05-24-2016, 06:48 AM   #4
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Yes your right the body is the frame but the hood and fender and bumper isnt considered "heavy damage" due to the fact its easily repair able and replaceable. When one said frame damage is more among the lines of door pilars quarter panels roof trunk ect. 2nd now your stating heavy mods and deterring away from the damage into maintenance and reliability of the previous owner. If the car is local i see no reason why not just get a mech buddy to check out the car or if the guy is willing to you can take it to the dealer and do a full diagnosis for $150 just to put your suspicions to bed.
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      05-24-2016, 09:19 AM   #5
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Quote:
Originally Posted by Willortiz View Post
Yes your right the body is the frame but the hood and fender and bumper isnt considered "heavy damage" due to the fact its easily repair able and replaceable. When one said frame damage is more among the lines of door pilars quarter panels roof trunk ect. 2nd now your stating heavy mods and deterring away from the damage into maintenance and reliability of the previous owner. If the car is local i see no reason why not just get a mech buddy to check out the car or if the guy is willing to you can take it to the dealer and do a full diagnosis for $150 just to put your suspicions to bed.
Thanks for the input, the car is 7 hours away but if I do decide to get it I will definitely get it diagnosed first.
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      05-24-2016, 05:12 PM   #6
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Bring jack and stands. Inspect front and rear crash structures, frame rails upper and lower (front) and rear rails, rear floor pan, etc.
Know that since it's salvaged title, it's resale value is near nil if you're inclined to sell it in the near future. Would make a decent base for a race car, if you're so inclined.
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      05-24-2016, 05:46 PM   #7
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Quote:
Originally Posted by themasonryan View Post
Thanks for the input, the car is 7 hours away but if I do decide to get it I will definitely get it diagnosed first.
The dude who gave you this input owns a used car dealership, so he's not screwed if every once in a while a car turns out to be a lemon or has more damage than it first seems. In your case it would probably be a massive hassle to buy a car then find out it has more issues than you thought. Trust me, man, unless you have your own shop or are at the very least a competent mechanic there are no "deals" on cars.
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      05-24-2016, 08:07 PM   #8
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i have some great advice for you:

1. AVOID
2. AVOID
3. AVOID.

Common sense should tell you that no insurance company would ever salvage a car with 'very minor' damage. End of story.
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      05-24-2016, 08:27 PM   #9
The Wind Breezes
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LMFAO, just looked at the CL link and that car's in New Orleans. Have you ever heard of flood damage?

Quote:
Originally Posted by ORA View Post
i have some great advice for you:

1. AVOID
2. AVOID
3. AVOID.

Common sense should tell you that no insurance company would ever salvage a car with 'very minor' damage. End of story.
This. I got rear ended in my Jetta in 2009 (my own fault), had a whole new rear clip welded onto the back. Then I got sideswiped by a dumb MILF (not my fault on paper, but I could have given myself more of an out) and a bunch of work had to be done to straighten that out.

ANYWAY, my point is, the car still has a clean, blue title and all this was done thru insurance. The car in the ad has been through some SHIT, end of story.
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      05-25-2016, 02:15 PM   #10
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Quote:
Originally Posted by The Wind Breezes View Post
LMFAO, just looked at the CL link and that car's in New Orleans. Have you ever heard of flood damage?



This. I got rear ended in my Jetta in 2009 (my own fault), had a whole new rear clip welded onto the back. Then I got sideswiped by a dumb MILF (not my fault on paper, but I could have given myself more of an out) and a bunch of work had to be done to straighten that out.

ANYWAY, my point is, the car still has a clean, blue title and all this was done thru insurance. The car in the ad has been through some SHIT, end of story.
The car doesn't have any flood damage or any frame damage according to the previous owner and the carfax. He still drives is and says it drives great (obviously he's not gonna say it drives bad) but I dont see why he would have put the money into modding it after the crash if it was still messed up.
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      05-25-2016, 02:27 PM   #11
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I've had 3 salvaged BMW's (2 were 135's). I work with cars all the time. To find the value of the car you take the KBB value of the car and subtract $2k. The value of the car is NOT nil... ask for pictures of the car from the accident. Most cars on the road today have been in an accident but not salvaged because the owner did not get it repaired through the insurance company. My cars run perfectly fine. My e46 now has 155k on it five years later.
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      05-25-2016, 03:26 PM   #12
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Quote:
Originally Posted by dm874 View Post
I've had 3 salvaged BMW's (2 were 135's). I work with cars all the time. To find the value of the car you take the KBB value of the car and subtract $2k. The value of the car is NOT nil... ask for pictures of the car from the accident. Most cars on the road today have been in an accident but not salvaged because the owner did not get it repaired through the insurance company. My cars run perfectly fine. My e46 now has 155k on it five years later.
I saw pictures from the accident and they didn't look bad at all, I think that if theres actually no frame damage that this is a great deal for 45k miles car and I'm not really that worried about the value of the car, I plan to keep whatever 135 I buy for a long time and may even eventually want to turn it into a track car
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      05-25-2016, 04:09 PM   #13
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if you are confident that it was only minor damage and do not care about resale value - go for it. the car's low price already reflects the title and at that cheap, who cares?
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      05-25-2016, 04:17 PM   #14
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Quote:
Originally Posted by ilikebmxbikes View Post
if you are confident that it was only minor damage and do not care about resale value - go for it. the car's low price already reflects the title and at that cheap, who cares?
Thats how I feel. Other than the damage from the accident what are some things or problems to keep an eye out for when buying a 135i
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      05-25-2016, 04:20 PM   #15
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Quote:
Originally Posted by themasonryan View Post
Thats how I feel. Other than the damage from the accident what are some things or problems to keep an eye out for when buying a 135i
the cars can be finicky. At 47k, it will likely have its waterpump fail soon and need to be replaced if it hasnt already.
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      05-26-2016, 11:04 PM   #16
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12,000 dollar is a completely ripoff. That's not even remotely close to "cheap". It's a 2008 for chrissakes. Go lookup the price on anything - KBB, Nada, Edmunds - guide value on that car for private party is roughly 12,500 *IF* it was clean. It's not.

Tack on the fact that this car has a rebuilt title, and has been modified? "talking him down to 12k" is nothing. He can't put a car with a rebuilt title at the same price point as one with a clean title and expect to get a buyer, unless you're a sucker.

That car is not worth more than $9k on a good day.

Don't waste your time or money on this unless the seller is willing to come down to what the car is actually worth.
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      05-27-2016, 02:43 PM   #17
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Quote:
Originally Posted by i_love_cars View Post
12,000 dollar is a completely ripoff. That's not even remotely close to "cheap". It's a 2008 for chrissakes. Go lookup the price on anything - KBB, Nada, Edmunds - guide value on that car for private party is roughly 12,500 *IF* it was clean. It's not.

Tack on the fact that this car has a rebuilt title, and has been modified? "talking him down to 12k" is nothing. He can't put a car with a rebuilt title at the same price point as one with a clean title and expect to get a buyer, unless you're a sucker.

That car is not worth more than $9k on a good day.

Don't waste your time or money on this unless the seller is willing to come down to what the car is actually worth.
If you can find me a 135i for 9k with those kinda mods and under 50k miles, I'll buy it right now
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      10-24-2016, 12:07 PM   #18
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Just for reference, I just purchased a one owner/no accident 2008 135i Convertible for $9900. However, it was high mileage (130K), but is in excellent shape and runs like a raped ape.

I am loving this little car. Reminds me of my E36, but with a lot more power.

Last edited by dman928; 04-20-2018 at 07:36 PM..
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      10-24-2016, 01:15 PM   #19
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Quote:
Originally Posted by themasonryan View Post
So I found this awesome 135i with only 47,000 miles and jb4, meth kit, full exhaust and coilovers. I talked the guy down to $12,000 but the only problem with the car is it has a rebuilt title, I looked at the car fax and the damage was very minor (just hood, bumper and headlight replaced) and I was wondering if this is a good deal for me considering I could want to continue modding the car or does the title kill the value too much?

Heres the CL link:https://houston.craigslist.org/cto/5595188688.html
If it has a rebuilt title, that means it was written off. Sounds like a hell of a lot more damage than what you say. And yes, a rebuilt title really hurts the value.
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      10-25-2016, 02:47 AM   #20
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Quote:
Originally Posted by ilikebmxbikes View Post
if you are confident that it was only minor damage and do not care about resale value - go for it. the car's low price already reflects the title and at that cheap, who cares?
Some girl reversed in to my car and caused 17k in damage. Headlights etc sensors galore radiator blah blah blah. I not only had her insurance pay for it but I filed a diminished value claim and received an additional 4K from her insurance but the car value is dirt now. She was fixed and runs like a rocket ship though.
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      11-02-2016, 10:04 AM   #21
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$12K is a lot of money for any car with cosmetic or worse damage. Add $10K to it and you'd probably be able to find a clean late model 135i. However, $10K won't buy you a lot of body work if the car turns out to have significant damage.

If I suspected frame damage, I'd have the car put on a frame alignment rack. Check with a local body shop. Sometimes they can spot problems by eye. BTW, I wouldn't trust anything from CarFax.
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      11-02-2016, 10:13 AM   #22
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Well, ad is gone so I guess the point is moot.
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