Opinion on Salvage title cars, my friend is looking at one but - Bimmerfest - BMW Forums

Welcome to Bimmerfest -- The #1 Online Community for BMW related information! Please enjoy the discussion forums below and share your experiences with the 200,000 current, new and past BMW owners. The forums are broken out by car model and into other special interest sections such as BMW European Delivery and a special forum to voice your questions to the many BMW dealers on the site to assist our members!

Please follow the links below to help get you started!

Go Back   Bimmerfest - BMW Forums > BMW Model Discussions > M5 & M6 > E60 M5 (2006 - 2010)

E60 M5 (2006 - 2010)

Thread Tools Display Modes
Old 12-31-2012, 06:55 PM
s4play s4play is offline
Team EuroProjektz Member
Location: CA
Join Date: May 2002
Posts: 36
Send a message via AIM to s4play Send a message via Yahoo to s4play
Mein Auto: Lotsa Toys!
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....
Trek Bicycle (GPW of course!)
Reply With Quote
Old 12-31-2012, 09:06 PM
luckydog's Avatar
luckydog luckydog is offline
Lucky to drive a BMW
Location: Ca
Join Date: Nov 2010
Posts: 1,356
Mein Auto: 2006 M5///
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.
Reply With Quote
Old 01-01-2013, 12:25 PM
TannerT TannerT is offline
Officially Welcomed to the 'Fest
Location: Columbia, Missouri
Join Date: Mar 2012
Posts: 990
Mein Auto: 03 330ci 3pdl 89 325i
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

Sent from my PantechP9060 using Bimmer App
[SIGPIC]s[/SIGPIC]Formula SAE "Speed is Sexy"
Reply With Quote
Old 01-21-2013, 09:38 AM
Lef8or Lef8or is offline
Registered User
Location: Kenmore, WA
Join Date: Jan 2013
Posts: 1
Send a message via ICQ to Lef8or
Mein Auto: I have 3 cars
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.
Reply With Quote
Old 01-21-2013, 01:16 PM
moods14 moods14 is offline
Registered User
Location: Chicago
Join Date: Oct 2012
Posts: 53
Mein Auto: 2008 535i
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
Reply With Quote
Old 01-25-2013, 06:14 PM
07 E63650i's Avatar
07 E63650i 07 E63650i is offline
Freude am Fahren
Location: California
Join Date: Jan 2013
Posts: 4,254
Mein Auto: BMW E63 650i
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.
Once a 6'er, always a 6'er.
Reply With Quote
Old 02-19-2013, 12:20 AM
bluebee's Avatar
bluebee bluebee is offline
Seek to understand,^Value
Location: San Jose, California
Join Date: Mar 2008
Posts: 25,236
Mein Auto: 02 BMW 525i M54 auto 130K
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)
Please read the suggested threads and add value, either by pictures or by descriptions, so the next person stands on your shoulders.
See also: E39 Bestlinks & How to easily find what you need
Reply With Quote

See More Related BMW Stories

Forum Navigation
Go Back   Bimmerfest - BMW Forums > BMW Model Discussions > M5 & M6 > E60 M5 (2006 - 2010)
Today's Posts Search
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On

Forum Jump

All times are GMT -7. The time now is 05:56 PM.

Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2017, vBulletin Solutions, Inc.
© 2001-2015 performanceIX, Inc. All Rights Reserved .: guidelines .:. privacy .:. terms