[YellowES]

There's a 1992 Stealth TT, 26000 original miles, has a salvage title but has been rebuilt. It is for sale for 8500 and has custom wheels. It needs a new transmission. Could I make money off of this car? We were thinking about buying it, fixing the tranny, and then selling it for profit (unless I convinced my dad to sell his Base Stealth and keep this one)

 

[fastrnyou]

usually banks won't loan much on vehicles that have salvage titles, that and having a salvage title makes the mileage exempt so that 26k could be off. 8500 with bad tranny seems a bit high to me

 

[randy_tho]

How many owners since the salvage title? Only 26,000!? Did it sit for a long time after being wrecked?

 

[YellowES]

http://www.autotrader.com/findacar/vdetail.jtmpl?car_id=75675342&dealer_id=&certified=n&max_price=10000&start_year=1991&end_year=2002&address=45325&search_type=used&make=DODGE&model=STEAL&min_price=100&distance=200&advcd_on=n&advanced=n&car_year=1992&ac_afflt=DAYTONCLASSIFIEDS.COM

I guess it had been sitting a while.

 

[redrocket]

I think that the words "salvage title" are a turnoff to a vast majority of potential buyers. There are plenty of running 3/s's with clean histories in that price range, that would probably allow for a better profit.

 

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Sounds a little too high a price for all the problems it has.