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Originally Posted by humara
This is a gross underestimation of what it takes to have a car salvaged. insurance companies are not stupid. oh wait. insurance companies are not that stupid.
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Have to respectfully disagree with this. Have bought over 150 "salvaged" cars and can give you countless examples including a 1 year old Nissan pathfinder that had been "keyed" (scratched about 2 inches on most every panel minor and not even noticable, not deep scratches). Have bought several where all there was was one dent on the bumper, or replace 1 window only, or replaced power window switch only, replace the ignition switch only, and several replace radio only.
They are totalled for virtually any reason and some aren't totalled at all but are repos or repair rejects or dealer "lot rot" cars. It takes almost nothing to have a slavage designation or to end up in a salvage auction (with or without slavage designation on title). It makes absolutely no sense and insurance companies are very, very stupid.
You can find boxsters at 1/2 the blue book value that are theft recoveries and if your lucky at 1/4 of BB value if damaged.
Djomlas and Brucelee are exactly right about it being a gamble and it being an expensive one when it comes to boxsters. If you decide to go down this road, you need to have a Porsche "expert" look at the car in person prior to the auction and you need to have an additional $10k in cash available for repairs and be ready to replace an engine. If you are willing to do that you will be fine because you can steal them at the auction. If you go into it with the mindset of feeling secure in a worst-case scenario (which basically means having a lot of cash), you are o.k. If not, this car can break you financially as others have said and I would pursue a different auction car.