To Salvage, or not to be.

[MakinDoForNow]

In 1958 papa said "when you buy a car, don't buy anything you cannot afford to walk away from at the next intersection"! So...I bought the 1950 Plymouth with the lightly tapping rod for $62.00 instead of the $298.00 car I really wanted. That way I had just under $90 cash and could budget $2.50 per week of $0.197/gal of gas. (I also washed the windows and mopped the service station floor in exchange for the oil that came out of the rich guys Cadillac that was changed every 2,500 miles.). Buying a salvage vehicle is not necessarily a bad thing as the damage to it plus replacement vehicle cost plus rental car plus interest cost on money held until payout date all factor into calculating the total or not total amount.

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[MakinDoForNow]

Sure- but competition is always high for any mavericks nowadays. Unfortunately I don’t think more time will help, and I need a car asap so I’m SOL. Gotta love living somewhere car dependent lol.

Perhaps you could get by with a $2k-$3k brand new electric assist 50-75 mile range bicycle for several weeks or months.

 

[Truckless]

Perhaps you could get by with a $2k-$3k brand new electric assist 50-75 mile range bicycle for several weeks or months.

User name checks out.. if only.

 

[Blkraven66]

Just a thought and of course, if you can afford to do this, buy another used 2011 Ranger, put the order in for the Maverick, when the Maverick is built, sell the Ranger and throw that money ( whatever it is) down on the Mav? Like I said, just a thought.

 

[Radman73]

“Andrew” from Welco Motors Rancho Cordova. Dealer seems sketch. Asked for a $500 cash deposit to hold it. Fishy.

Run away.

 

[Exranger]

Spend $125 and get it inspected. If you are keeping it forever then OK. Fusion is a great car, we have one w/120,000 miles and it is a really nice car. Look at a new ranger may be easier to find a good one.

 

[CTYankee]

Can you afford to throw $27K down at the craps table? That's pretty much what you'd be doing if you can't get collision insurance on it. Will it still have a factory warranty? If not, that's another gamble.

I would consider buying something used that can serve you reliably for the next year and order a 2024 Maverick. But it's also feasible to find a dealer willing to sell a refused order closer to MSRP, so investigate that avenue as well.

There is absolutely no way I would pay MSRP or more for a used, salvage-titled Maverick.

 

[redskins5]

Hello friends,

Need a place to vent. Last night I crashed my 2011 Ranger I’ve had for the last 7 years. Been eyeing the mavericks for a while and finally the order bank is opening, but we all know I’ll still be waiting another year for the truck to get delivered, but in the meantime I need a new car now..

As fate would have it I actually found a 2022 XLT with ~5k miles, close to me that is *only* marked up by like $3k. As much as it pains me to give into it, I’m thinking about paying it since similar builds in my area are going for easily 33k-40k+.. what a time to be alive.

I was thinking about getting a Fusion, but I test drove it today and immediately felt homesick for a truck.

Rather than get a car I don’t like, have it immediately depreciate (16k now) and then not have the money to get the 2024 model, I think long term it’ll be less financially detrimental to take the hit now on getting the Maverick. Especially with the price hikes coming to this year’s models plus the removal of features.. I’ll be paying basically what the new MSRP is suppose to be just.. for a XL. More importantly I’ll have the truck today instead of Ford’s SOON TM maybe??

One big problem though- the truck has a salvage title so I won’t be able to get full coverage in California, only liability. Carfax reports it was written off as a total loss. According to the dealer it was involved in an accident while on the back of a car carrier trailer. Dealer of course is making it sound like it’s no big deal, the damage wasn’t substantial, but I’ll have to press him on it tomorrow when I go to see it. But the fact that the insurance wrote it off as a total loss is obviously concerning and will require some investigating. Maaaybe it exceeded the 75% threshold because of limited/expensive parts that needed to get replaced? Especially since it wouldn’t take much to cross that normally for some repairs since the normal MSRP is so much lower than other vehicles. Wishful thinking I’m sure.

According to the car fax it was *also* one of the Mavericks that got recalled for the under hood fire thing. Then the dealer told me the truck isn’t available until tomorrow because they had to replace some fuse or something too.. I know I know, it just keeps sounding better and better lmfao. The attached photo is not exactly inspiring confidence either. SIGH.

Then two weeks later it’s listed at the dealership, ready to be resold.. so maybe that’s a good thing? Maybe I t didn’t actually have significant damage that required extensive or structural repairs and it was more of an insurance company thing..?

After last night I’m just not sure if it’s worth risking it- getting a vehicle that I knowingly can’t get full coverage on, especially since this would be worth more than my last truck. I only had liability on my truck since it was beat up POS and pretty worthless anyways lol, but this situation is different.. Maybe I’ll just make sure I don’t get in an accident again! easy lol. Then again, most of the value these Mavericks have is just scarcity and markup anyways right guys.. /s

Idk, life’s a gamble. God forbid if I get in another crash I’ll just doom myself to a Fusion.

-As I was typing this though, I got a call for a new 2023 XL… asking 8k over for. I countered with 4k over which is still ridiculous, but at least I would have a clean title. Says he needs to check with his manager in the morning.

Advice? Opinions? Feel free to call me stupid because I feel like I’m in the twilight zone.

According to your report this truck was driven for 4995 miles before a salvage title was issued so it was not damaged on the truck. Plus the insurance company released the title to the dealer. I truck coming in on the carrier would not have been titled yet.

 

[jsus]

According to your report this truck was driven for 4995 miles before a salvage title was issued so it was not damaged on the truck. Plus the insurance company released the title to the dealer. I truck coming in on the carrier would not have been titled yet.

Surely nobody is seriously considering buying this for more than like half of MSRP...

also shows that it was totaled 18 months after it was built (and sold to the original owner only a couple weeks after it was built).

And that it had an oil change 42 miles before being declared totaled.

This whole thing is sketch, it's at a sketchy used dealer wanting to prey on people who don't realize it's a salvage title or the risks that come with it. But then the alleged lying about how it got totaled and that there's nothing wrong with it (which they won't guarantee in writing) is all the red flags anyone should ever need to not do business with them period.

https://www.welcomotors.com/inventory/ford/maverick/a08336/

https://www.carfax.com/VehicleHisto...DU_F7CO0U4Xvi0AdrisgPSGHycwVkuHFjFvxBApnCtr-I

 

[Truckless]

Surely nobody is seriously considering buying this for more than like half of MSRP...

also shows that it was totaled 18 months after it was built (and sold to the original owner only a couple weeks after it was built).

And that it had an oil change 42 miles before being declared totaled.

This whole thing is sketch, it's at a sketchy used dealer wanting to prey on people who don't realize it's a salvage title or the risks that come with it. But then the alleged lying about how it got totaled and that there's nothing wrong with it (which they won't guarantee in writing) is all the red flags anyone should ever need to not do business with them period.

https://www.welcomotors.com/inventory/ford/maverick/a08336/

https://www.carfax.com/VehicleHisto...DU_F7CO0U4Xvi0AdrisgPSGHycwVkuHFjFvxBApnCtr-I

Yeah, I’ve decided to not go through with it. I appreciate all the input I got. Y’all have made a lot of good points and reinforced some of the concerns I already had. Feels sketch and doesn’t seem like a good idea. Better to play it safe.

If I can get an XL this week for around the same price anyways then I’ll just do that. Even if it’s less features, at least it’s a truck and more importantly NOT salvage title.

 

[Truckless]

Can you afford to throw $27K down at the craps table? That's pretty much what you'd be doing if you can't get collision insurance on it. Will it still have a factory warranty? If not, that's another gamble.

I would consider buying something used that can serve you reliably for the next year and order a 2024 Maverick. But it's also feasible to find a dealer willing to sell a refused order closer to MSRP, so investigate that avenue as well.

There is absolutely no way I would pay MSRP or more for a used, salvage-titled Maverick.

I’m so worried about buying something used to hold me over because I feel like I’ll be throwing that money away I otherwise could throw down now on a Maverick. Unless I’m able to get a used car that is already depreciated. Like I said in the post I was thinking about getting a fusion, I’m just not optimistic its resale value will be more than half by the time I get my Maverick next year. :/

rather than wait a whole year to save maybe a couple thousand..? Plus the potential depreciation loss of a hold over car, I think it would make more sense to try and get a marked up Mav now. is my idea at least.

 

[Truckless]

Just a thought and of course, if you can afford to do this, buy another used 2011 Ranger, put the order in for the Maverick, when the Maverick is built, sell the Ranger and throw that money ( whatever it is) down on the Mav? Like I said, just a thought.

I was thinking this too since I can probably pick one up that’s already pretty depreciated, i could probably resell it next year and get most of my money back.

idk if I can bring myself to get another ranger since I totaled my current one. I feel like I will be taking a step sideways instead of trying to find a way to step forward.

if I can’t get a xl mav this week near MSRP I’m just gunna suck it up and live with the fusion. Same MPG as a mav, hybrid and 16k vs 28k msrp. I’ll probably still put my order for the 2024 just in case, but by next year I’d have to see if it’s even worth reselling the fusion or if I should cancel my order. I’ll have gotten used to driving it after a year and won’t be so truck sick anymore. Then in like 5 years when need a new car I can buy a Maverick when they’ve been discontinued or aren’t being marked up anymore

 

[Blkraven66]

That's a bold move, my friend. You know what they say, once a truck owner, you'll always have to have one . I do fell your pain, and wish you the best of luck

 

[BlueSnake77]

Personally I would not touch a salvage vehicle. Don't care how good a body shop is at straightening out a damaged frame, in my opinion, a unibody that has had it's frame straightened is never the same.

 

[Larrythelunatic]

Personally I would not touch a salvage vehicle. Don't care how good a body shop is at straightening out a damaged frame, in my opinion, a unibody that has had it's frame straightened is never the same.

This one costs THIS much……….
That one costs THAT much……..
For me, a major question to ask would be……..
How much is my peace of mind worth?
Let the answer to that question plot your course.
You’ll sleep so much better.
For just a few thousand dollars over your lifetime.

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