[TylerTito]

I am looking at getting this 2011 BMW 550i m sport with 51k mikes in it. It is a salvage title and was hit in the rear. How much should a pay to a private party with no warranty. He is wanting me to pay 17k

[thebmwjunkiee]

Originally Posted by TylerTito

I am looking at getting this 2011 BMW 550i m sport with 51k mikes in it. It is a salvage title and was hit in the rear. How much should a pay to a private party with no warranty. He is wanting me to pay 17k

Have you contacted the insurance company for the original repair estimate, or are you just trusting the guy when he says it was hit in the rear? Tough to give you a value on a salvaged car.

But what I can tell you is that for 20k-25k, you can get a similar mileage 2011 535 or even 550 without a salvage title. The problem with the salvage is that you need to get detailed information on what was wrong, how it was fixed, and who fixed it. You could be setting yourself up for thousands in repairs in the first year, without any type of warranty. Plus if you get in an accident, good luck getting insurance to value that car anywhere near its true value. Sometimes salvage vehicles work out great, but other times they turn into a huge money pit that you can't give away if you tried.

I understand there is probably a budget you are sticking too, and I was the same. But I opted to go with a 535 diesel so that it would be fully loaded and I had some money to play with for upgrades (cosmetic & performance). So I'd just say we need some more information about the damage. Price seems high to me, given all the risk you are taking on

[M5 Monster]

8k to 10k
Go to Coparts or iaa for best deals on salvage cars

[cipher5]

I would say that price is high for a 550. For it to get salvaged there had to be substantial damage to the vehicle. I've been rear ended any my insurance didn't total/salvage the car and I have a 535 with over 14K in damage.

[TylerTito]

Thanks everyone for the comments. I actually ended up not getting that one but I found another that only has 39k m sport just had the full ccp done also has a salvage title but I will be contacting insurance this week. I also am looking at getting it for 15.5k. Let me know how that deal sounds