should a salvaged title decrease the value of a car
I have a 2000 ford lightning svt that is in
great condition . I want to know if a salvaged
title will decrease the trucks value?
If so what is the estimated amount that i
should subtract from whatever my asking
price will be?
Yes, it can decrease the value, but there is no precise way to determine by how much. The big cost factor with owning a salvage titled vehicle is the increase insurance cost. Some salvage title are due to damage and insurance write offs. Some salvage title are simply due to a police impound sale. and might otherwise be fine. As a buyer I tend to lop off 25% of KBB price for having a salvage title, possibly more if I see signs of collision repair/carfax or lengthy stays in an impound lot. How much more really depends on condition though.
You really don't want a salvage title car regardless of price.
Just turn around and run away.
OP is the seller, not the buyer, lol.
Only good for parts, maybe after inspection.
Since the truck is a Lightning it may be worth fixing.