AboutJeremy Beck Expertise I can answer any question as it relates to the purchase or lease of a new or pre-owned vehicle. I can give you advice in purchasing from a franchised dealer or private party. Buying a vehicle can be a very difficult and frustrating experience, but it doesn't have to. Know before you Go! Let me help you with any of your questions.
Experience I have been in the automotive business for 10 years. I have held every position from salesperson, Finance Manager, New Sales Manager, Used Car Sales Manager, Finance Director, and Director of Sales and Finance. I graduated from the University of Texas with a major in Business Administration, and have held many sales jobs in the automotive sector. I am a member of the Association of Finance and Insurance Professionals (AFIP). I have also been trained by some of the best schools in the business including JM&A, Ethos, VT/AIG, Inc, and various others.
Question Jeremy,
I saw your reply on a question about rebuilt title.I am in a similar situation.A friend of mine wants to sell his 2006 Infiniti G35 ,15K miles ,has a rebuilt title on it.The vehicle was hail damaged and he bought it when the car had 5k miles on it a year back.I have driven the vehicle and its has absolutely no mechanical problems.The price he is expecting is around $13k.DO you think this car is worth 13k?what according to you would be a best offer? How much % does a cars worth depreciate because of salvage title?(If we consider kbb value as a baseline)
Thanks.
Regards.
Answer George,
thanks for your question. From what I can tell your friend is asking a reasonable price forthe car. Understand this: if you are going to pay cash then it dosent matter about the salvaged title. However most banks will not finance a salvaged title vehicle so you need to take this into consideration. The car is probably worth somewhere in the neighborhood of $20,000 with a good title so $13,000 for a salvaged title vehicle is a good price.
