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Advice Please!

TWaller

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TWaller New Member

TWaller

Posted
Posted

Hi all. I'm new to the forum here, so bear with me. I am looking to buy a 2008 2500 Sierra HD with the Duramax and the Allison 6 speed. Its a black crew cab with cloth interior..has the SLE package. The truck appears to be in great condition and has 28000 miles on it. He's asking $22000, but reason being is that it has a reconstructed title. Is this still a good buy??

Thanks for your replies in advance.

Zembonez Senior Enthusiast

Zembonez

Posted
Posted

Well if you don't mind paying big money for a rebuilt total I guess it's OK...

 

I would not do it.

TWaller New Member

TWaller

Posted
  • Author
Posted

One of my buddies told me that they recommend half of its value for a rebuilt total...if the value is around 34-35 do you think 17-18 would be a good buy?

Zembonez Senior Enthusiast

Zembonez

Posted
Posted

A LOT depends on what happened to it... and how they fixed it. Some rebuilders are good and some patch shit up to look good but do crappy repairs. If the guy is up front about it, find out what happened to it and what they claim to have done to it - THEN - whatever you do, DO NOT BUY IT unless you have a good body shop inspect it.

 

If you find that it has been properly repaired, a well done builder could be worth 60-70% of the price of a non repaired vehicle. You need to check on insurance too. Some companies will not insure salvage titled vehicles and many banks will not finance them.

 

Ask a lot of questions.

Doug_Scott Senior Enthusiast

Doug_Scott

Posted
Posted

You really need to find out what happened to the vehicle first. Flood damage? Stay away, far, far away. That has to be the worst type of damage, so many things unseen, that will not pop up till later.

mxdirtrider56 Enthusiast

mxdirtrider56

Posted
Posted

My advice, and this is just me personally, I would never knowingly buy a rebuilt totaled vehicle ever. No reason to ever knowingly to do so when there are plenty that have never been wrecked. I'm more than willing to get something a little older with higher miles for the same price that hasn't been totaled.

txab Senior Enthusiast

txab

Posted
Posted
I would strongly suggest staying away from rebuilt and salvaged titles.

+1

 

You might have trouble with getting insurance on it or getting it covered at the $$$ level you'd like

imollison Enthusiast

imollison

Posted
Posted

Unless you can find out specifically what happened to the truck, what was replaced, and do you trust the guy who did the work, I would be staying away from it.

cfeiring Enthusiast

cfeiring

Posted
Posted

Also think about trying to sell the truck in the future, as most persons will not buy it from you as they have indicated.

 

So be sure of what you are buying and are prepared to be stuck with it if something goes bad!

 

Have several folks look at it before you buy, then talk to the ins co and the bank to see what they have to say, you may find that those folks will not want to do business with that truck.

Black02Silverado Senior Enthusiast

Black02Silverado

Posted
Posted

Why is the seller getting rid of it?

 

All great advice above. To me it isn't worth it. To many issues that can pop up later plus being able to sell it yourself when the time comes.

gmowner4life Enthusiast

gmowner4life

Posted
Posted

I would not do it. Not worth the risks. There are potential issues that may not be seen right away and depending on why it was totaled, it could be dangerous. A buddy of mine bought a salvage and it caught on fire in his driveway because the wiring was jacked up. It started his house on fire too, but they caught it in time to limit the damage. No thank you! Not worth it. IMO :cheers:

McLeod Enthusiast

McLeod

Posted
Posted

...has a reconstructed title. Is this still a good buy??

 

A lot of good advice here already. You'll want to know if the "salvage" was from a collision or flood (if the later, run the other way, of course). If a collision, and IF the repairs were done well, and IF it's priced accordingly, you may have found a good buy. You'll want to have someone extremely well qualified to do a good "pre buy" inspection. A great friend of mine ran a 1st class body repair shop for 30+ years and quickly put the owners of "wrecked" vehicles at ease by explaining that their "factory made" vehicles were now going to be "custom made". He did great work, using best/latest standards and methods and came close to pleasing all of the folks, all of the time. If this one has been repaired by a similar operation...and, again, if it's priced to recognize the inevitable reduction in resale value, it just may be a good'un. Good luck! Mc

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