Something isn't adding up. If this car got into a minor fender-bender and just needed a $1,000 rear bumper cover replacement, why was it considered a total loss by the insurance company?
Even if everything the guy said is true, this car has a few significant things going against it...
- A car with a salvage title has no warranty.
- This car's actual value has been significantly reduced. So if you buy it and total it, your insurance company is not going to reimburse you the full retail value of the car.
- If you have to borrow money to buy it, you may find it difficult to finance a salvage title vehicle.
If this car was priced at 50% of retail, I'd consider it. Otherwise, I'd spend another $3K and get a new car with a warranty and a clean history. Somebody won't pay attention and will probably buy it thinking they are getting a deal.
View my fuel log 2015 Mirage ES 1.2 manual: 51.7 mpg (US) ... 22.0 km/L ... 4.6 L/100 km ... 62.1 mpg (Imp)