burgundyja
Well Known Member
What do you think the reduction in value is for a rv with damage history? Lets say a ground loop with prop strike and full rebuild of engine and prop by shops. All other damage properly repaired. Thanks
I guarantee you that if you buy/sell a salvage title car it effects the value so it goes that a salvage airplane will take a hit also.
If I'm looking to buy a $20.000.00 Nissan 370Z for a street hot rod the value is gonna take a $3-5,000.00 hair cut being a salvage title. Ya even if it was only a back bumper and deck damage. Insurance companies will total a car easily now a days and it effects value.
The mentality is "it's BAD". Crazy as it is. I cut my finger so I have a damage title. Ha Ha.
My 40 year old son won't even look at something if it was damaged in the past. Goes the same for pilots.
Now it's good to get a low cost vehicle (car, plane, boat etc) for less. But your "probably" going to get less when you sell it.
I have two of those Salvage title vehicles in my garages and they run just fine, But, I'm not selling them till they are all used up.
Your luck may be different. Art
This is a subject that strikes a chord with me because I own an RV that has damage history. I am happy to see that a lot of people have the attitude of it largely depends on what the damage was and how it was repaired.
Using my airplane as an example.... every single thing that had any damage was replaced and made like new. There was no straightening of parts, filling dents with Bondo, etc.
The interesting fact is that during the rebuild there was construction errors and workmanship issues that were discovered that no one purchasing the airplane would have ever known about, if it was not for the extensive rebuild of the airplane. Some of these things were serious but hidden.
Point being, that just because an RV has no damage history, doesn?t automatically mean it?s better than one that does.