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E60 M5 (2006 - 2010)

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  #1  
Old 12-31-2012, 06:55 PM
s4play s4play is offline
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Exclamation Opinion on Salvage title cars, my friend is looking at one but

I'm warning him to stay away!

He's looking at some 2006 M5's and found a blue 06 with roughly 47k miles. Seller wants $23k but I think that is too high given the title issue.

What are clean title ones selling for these days?

Would you guys buy a salvage title car? I would not even consider it given the car's high tech electronics and number of costly things that can go wrong....
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  #2  
Old 12-31-2012, 09:06 PM
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Everything is a salvage anymore . A fender bender in these type of cars is salvage. I think its a great way to get a bargain on a car just because it may have 85% of its value on a over estimate of the repair.

Last edited by luckydog; 01-01-2013 at 05:38 AM.
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  #3  
Old 01-01-2013, 12:25 PM
TannerT TannerT is offline
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I drive a salvage title. However mine got stollen in Tennessee. I also had it inspected really well. They can be dreams for a great price (mine,) or an absolute nightmare. He needs to get it checked out and figure out what exactly totaled it. It is not hard to total cars that are over 3-4 years old. If it was all cosmetic (bumpers, fenders, bent wheels) go for it. If it was any sort of frame damage electrical or engine failure I'd stay away. I have actually been looking at buying an e60 M and with ~50k miles I'd say 30 ish would be a good price bit a salvage title really hurts the value of a car and can cause insurance problems. Regaurdless of how nice the car is after the total loss the seller must realize the extra hassel it can cause a buyer. I may be wrong but I think the accepted fair price for a salvage car is 70% or the actual value. That is how I got a great 330Ci with 80k for $7.5K

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  #4  
Old 01-21-2013, 09:38 AM
Lef8or Lef8or is offline
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I'm also thinking about buying salvage title car, I was looking at 1972 BMW at this website but I'm still in two minds, some friends tell me to stay away from it and others say that it is a good way to save money and there is nothing to be afraid of as long as the damage is not severe.
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Old 01-21-2013, 01:16 PM
moods14 moods14 is offline
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My car has a branded title that I knew about. Bought back by BMW for a window trip malfunction. Got a sweet ass deal because the rear windows do not go down all the way. haha

Last edited by moods14; 01-21-2013 at 01:17 PM. Reason: grammar
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  #6  
Old 01-25-2013, 06:14 PM
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I'd stay away from it unless you plan on keeping it forever. With a salvage title, it's going to be difficult to sell the car when you do not want it anymore.
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Old 02-19-2013, 12:20 AM
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We've covered that issue on the E39 side a few times:
- What is your opinion on buying a BMW with a salvage title (1) (2) (3) (4)
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See also: E39 Bestlinks & How to easily find what you need
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