Price ??

[dc78chs]

I don't have any Pics right now but how much do you guys/gurls think a Protege5 could sell for if it has a Salvage Title bc of Hail Damage???
Its a 02 with 66K and its Auto. Inside is super clean but outside it has some pretty bad hail dmg in Hood and roof.

 

[MazdaSpeeder]

First of all, welcome to the forum!

Are you buying or selling? If you're buying, I'd just skip it. Unless you're going to buy it outright, I you're going to struggle to get financing. I thought about purchasing a salvage vehicle before I got my P5, and ultimately decided it was not even close to worth it. What I heard from my insurance and loan officer was that in general terms a salvage vehicle is worth half of blue book. However, most banks won't even finance a salvage purchase, and you can forget about getting your money back from insurance if you ever have an accident. 02s are selling for $6-7k right now, that mileage is low, so half in the upper range would be $3500. The damage may reduce it further, I don't know. I know lots of people sell salvages for more than half KBB, but I would stay away.

If you're selling, I don't know what to tell you. Good luck!

 

[RatLabGuy]

If it's just typical hail damage (e.g., random dimples on hood and roof), and everything else is fine, I'm not understanding why it has a salvaged title.... repairing that kind of damage should not exceeed the vehicle's value, or even half of it...?

 

[dc78chs]

Thanks (nana)!!!!
Well I am thinking about selling it!!! I bought it @ an Auction Pretty cheap bc of the hail dmg and the hail damage is pretty bad!! I can get the hood and painted for like $150. but the roof has 10-15 tennis ball size hail!!! The roof rack is missing some parts and it has minor hail on sides. Wanted a gas saver car bc i drive about 100 miles every day all hwy but its only giving me 320 miles per full tank($50). I think if u use it city only u will have an awesome car but hwy it deff needs a 5th gear lol