As a general rule of thumb in the used car business, a salvage title cuts the selling price of the car in HALF. If the insurance company will only value the rebuilt car for around $3000, would you bother to carry anything but liability insurance on it?
'03 525i Sapphire Blu/Grey, SP, Nav
'03 530i Sterling Gray/Blk, SP
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'95 M3 Cosmos Blk/Blk