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by my friend cost? A family friend wants to sell his 2005 honda accord v6 coupe lx for $9000 to me, fully loaded. It is a salvage car but his dad had rebuilt it and I've ridden in it plenty and it runs fine. The collision was from the back and has been repaired but I am unsure if $9000 is a good price since it was a salvage. it has 59,000 miles.
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Salvage title means nothing. The important thing is that the car was properly rebuilt. If you are convinced that there is nothing wrong with the car and you know the car, pay what it is worth to you. Make sure to get a wheel alignment and that there is no problems that will haunt you down through the years of owning it. NADA book on this car is $14,900 so I would say that $9,000 is more than fair even though the vehicle may have been salvaged and rebuilt, especially if it was rear-ended. If you were to buy the car and then total it, this is the price that you could expect your insurance company to pay you for the car.I just bought a rebuilt 1996 Accord LX Wagon with stick shift and 42,296 original miles [confirmed with an Auto Check report] & absolutely no rust. I paid $5,300 which included a new timing belt. For that price I may have been able to purchase the same vehicle with a clean title. But this is a rare car [the last year the Accord wagon was sold in the States was 1997] and to find one with stick shift and only 42,296 miles makes it even more rare. I had to have it so I was willing to pay the price. I am convinced it will easily last me 10 to 15 years which is only a cost of $500 a year at most if it was to be fully depreciated at the end of 10 years.In the end you have to decide what it is worth to you. Personally, I prefer the 4 cylinder to the 6. Less costly for maintenance and the vtec engine is more than adequate, but of course it is just my personal preference.By the way, if the car is being driven on the road and is registered it should have a rebuilt title and not a salvage title.
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Even if the vehicle has a rebuilt title--its always worth less then if it had a clear title. The actual cash value of the vehicle is about 5000.00. If it was to be in a total loss--the insurance company would gather the history of the vehicle. Since it has been in one total loss before--your not going to get the full value of the vehicle twice. Hope this helps.
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