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Originally Posted by Brucelee
"He suffers no moral conflict because he spends the $$ to get the Car right before selling it."
That is the biggest load of bull**************** I have ever heard.
Your friend should be a politician. Morals like that are right at home in Washington DC.
:troll:
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Hi,
I hear you... but I didn't say they were
My morals... But, in truth, after my Buddy's done with the Cars, they are not at all representative of a Car with a Salvage Title. These cars are quick to be titled as Salvage due to the ENORMOUS cost of setting them right. This also brings up the point that many insurance cos. are pretty free to lable a car as Salvage, which many simply do not deserve.
He's an Airline Pilot and so can fly all over the country seeking out these cars and he uses a Ferrari Restorer from SoCal and a Lambo Restorer from the SF area. Both of these guys are Nationally known and I'm sure you'd recognize the names if I wrote them, which I feel I must keep in confidence, but think of the two most prominant names you know and you'll probably be correct. The Cars undergo a thorough inspection and everything is set straight the right way.
And, he does this more out of a desire to save these cars than merely for profit. Two of his Salvaged Cars have gone on to win National Awards, one at the
Corso d'Italiano at Pebble Beach in 2003. There are many
Barn Finds in rougher shape, but without the stigma of a Salvage Title once they're restored. If you consider all the Leg work involved and the time delay between acquiring the Car and selling it, any profit he does make equates to much less than taking the same $$ and investing it in short-term Treasury Instruments. Like I said, I might find it hard not to disclose, but I also know that he's doing right by the Cars and the subsequent owners aren't being cheated relative to the Car's condition vs the price they pay, they are fully informed as to the extent of the work done, but he presents the Car with the Clean Title, not the Salvaged one. I suspect some probably would not want to know because of potential resale and the like...
Happy Motoring!... Jim'99
Hybrid Mode
