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Prices Paid: Buying & Leasing Experiences Subaru Outback Prices Paid and Buying Experience
2267 messages, Last post on Dec 06, 2009 at 7:26 AM
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Hi folks - a local band is advertising an '01 subaru Outback wagon - LL Bean edition for bid. It is repossessed - but apparently has a "salvage" title.....with 70% damage claim at one time. It has been repaired - but I have not been able, so far, to find out any more particulars. Does this sound too risky? Any suggestions as to what it would be worth? The bank said folks can sit in it and start it, but they can not drive it, due to insurance purposes!
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| Oops - spelling error....that is meant to be local "bank"....not "band"!!!!!! Big difference! Also - the car has 108, 8000 miles on it..... | |
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Replying to: mceline (Mar 28, 2006 7:16 pm)  It is simply too risky... Moreover, no matter how good the body shop that fixed this car is, they can never match factory quality/standards period.
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I see a whole bunch of red flags here. First, the mileage is quite high. So even without the salvage title that would be a concern, the value would certainly be a lot less than most 01s. 01 was also the first year for the H6. Not a big deal, since it was reliable off the bat, but still. Salvage? Katrina damage, maybe? Water has a way of slowly corroding all the electrical wires, I wonder how long before the ECU is fried. You'll have a lot of trouble selling it, and even if you can find a buyer you gotta figure it's only worth about half what it would be with a clean title. I'd stay far away from that car. Sad thing is someone will buy it for peanuts ($5 grand is a guess), clean it up, wash the title, and sell it for profit.  -juice
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I wonder if the bank will give you a loan, unless you can pay cash, and... I wonder if your insurance company will insure it. Mine won't insure a salvage car, you can only get liability on it. So if it's stolen, it's your total loss to absorb. -juice |
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Hi folks - I have appreciated the input, and each of you brought up things I have not thought of. I don't think I will be bidding on the car - I had hoped that perhaps it was a salvaged title due to some circumstances like hail damage or something. If I did bid on it, paying cash would not be a problem because I would not bid much - so liklihood of me getting it would be slim, What I did find out is that is that this vehicle has stayed in MN, so it is not a flood vehicle (I had not even thought of that - but that is good to remember in looking for future cars - there likely will be a lot of them!). Also - it was in a crash in 2002, so it has been driven, licensed and insured since that time. Out of curiosity now - I have the "case #" of the collision - is their any way to research the extent of the damage with that number? it is 21630019.
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Replying to: mceline (Mar 30, 2006 12:56 pm) The amount and quality of information in a collision report depends a lot upon how the form is designed and how descriptive the person filling it in is. Sometimes they don't give you a lot of space to write in and people in general tend to be sloppy and vague when filling them out (including police officers). I am not familiar with MN reports (state or local) in particular. My working assumption is that you are referring to a police report completed by a responding officer. Again, generally those tend to be pretty vague. The exception to that rule is probably when the accident is serious. Certainly, there is no harm in requesting it if it isn't too expensive or inconvenient. Police reports are a matter of public record and you can usually obtain them but oftentimes if you aren't an "interested party" any personal info is "blacked out". However, if they leave the owner / driver info on the report you might be able to contact them and ask about the accident and about the car in general. But since it's a re-possession it's not likely they'll be in a talkative mood. If the car were a little younger I'd suggest you randomly try one or two Subaru dealerships local to the bank on the chance that the owner was local to the bank and had it serviced and possibly repaired there. You would need the VIN #. In Massachusetts Subaru dealers can only look up their individual record or national recall records but not other dealer's records. It might be different in MN. Obviously if you get the police report and find that the owner wasn't near the bank then you would use their address to try and guess where the vehicle might have been serviced and repaired. If you get really lucky the report might note the tow company and / or where it was towed to. I am guessing it probably isn't worth the aggravation. As another poster suggested you might be bidding against someone that can make a profit on it regardless of how badly it was damaged and how well it was repaired. Good luck. ~Cath |
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| After trying to find out particlars about how badly this car was damaged, I was still not able to find out anything except that it was in a crash.....so decided to let it go. This was a good learning experience, however, and will help me in my future search for a car......mainly.....search carefully the history of the thing, and watch out for flood vehicles! Thanks everyone! | |
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