1. Welcome to Tundras.com!

    You are currently viewing as a guest! To get full-access, you need to register for a FREE account.

    As a registered member, you’ll be able to:
    • Participate in all Tundra discussion topics
    • Transfer over your build thread from a different forum to this one
    • Communicate privately with other Tundra owners from around the world
    • Post your own photos in our Members Gallery
    • Access all special features of the site

Salvage title

Discussion in '3rd Gen Tundras (2014+)' started by kcaustin66, Dec 22, 2018.

  1. Dec 22, 2018 at 10:45 PM
    #31
    SlickRick2013Tundra

    SlickRick2013Tundra #10

    Joined:
    Aug 29, 2016
    Member:
    #4371
    Messages:
    1,171
    Gender:
    Male
    First Name:
    Rick
    Mandeville, LA
    Vehicle:
    13 TRD CM MGM 4x4
    Toytech Boss 3in Lift kit Iron Cross side step TRD Sway Bar TRD Cold Air Intake Blacked out Badges Blacked out front and rear bumpers
    Thank you ive been wanting to get a project truck going on
     
  2. Dec 22, 2018 at 11:33 PM
    #32
    koditten

    koditten New Member

    Joined:
    Apr 6, 2018
    Member:
    #14241
    Messages:
    648
    Gender:
    Male
    How are these to work with? My last experience with Co-part seemed to have a lot of ridiculous fees.
     
  3. Dec 23, 2018 at 1:13 AM
    #33
    Vladdroid

    Vladdroid New Member

    Joined:
    Jan 26, 2018
    Member:
    #12457
    Messages:
    29
    Gender:
    Male
    First Name:
    Vlad
    Vehicle:
    2013 White Tundra DualCab 2WD
    Leveled on Bilstein, Toyo's, and nothing else really
    Not bad... Got my 2013 in 2015 with 40k.... Total fixed it ran me $16k... Not the best.. But still better than Craigslist in it back then.....

    iaai.com . Oh and that's including towing across half USA and fees and ship labor + more major parts... Just the smaller stuff like bumper and clips and lights my self.

    Not the best route for resale. But good enough if for keeps for a while. Give it some time and it will only be $1k difference in value between clean and rebuilt title lol
     
    koditten likes this.
  4. Dec 23, 2018 at 1:55 AM
    #34
    Black Wolf

    Black Wolf AMAROK, Inuit Stealthy Mythical Beast

    Joined:
    Apr 20, 2014
    Member:
    #378
    Messages:
    25,789
    Gender:
    Male
    First Name:
    Matt
    Aurora CO
    Vehicle:
    2014 Attitude Black Metallic/Barcelona Red hybrid 5.7L DC Limited TRD 4X4
    None
    My truck is in the shop now. The tailgate was slightly dented and is the easiest. The rear bumper is being replaced and with the hitch. The biggest expense is the damaged box side panel. The bed had to be completely removed. The side panel is spot welded on so that had to be dealt with. The new side panel has been welded back on. The whole bed is getting repainted. Estimate is now close to 6K. I had a neighbor who went to auctions all the time. He always had one or two vehicles that he was restoring. He knew what he doing and what to look for. The main thing is never ever buy a vehicle with water damage indicated, or major lower front end damage, or all air bags deployed. Almost every vehicle he bought at auction was rear ended. usually trucks. The least safety issues if any and the easiest to get back to snuff. He gets them cheap and makes a decent profit even if way under KBB. He has no shortage of cash buyers because he has a good rep. On another note, most of my friends and coworkers do keep their vehicles long term. 6,7 years or more. You did good with your Tundra. A great deal.
     
    1UPPER and koditten like this.
  5. Dec 23, 2018 at 4:03 AM
    #35
    plumber802

    plumber802 New Member

    Joined:
    Apr 13, 2018
    Member:
    #14412
    Messages:
    551
    Gender:
    Male
    First Name:
    Andy
    Vermont
    Vehicle:
    2018 White Platinum CM
    Flood damage,especially salt water flood damage= HELL NO!!!
     
  6. Dec 23, 2018 at 4:11 AM
    #36
    koditten

    koditten New Member

    Joined:
    Apr 6, 2018
    Member:
    #14241
    Messages:
    648
    Gender:
    Male
    Not for a driver, most definitely, but those go dirt cheap and are a great source for non technical parts.
     
  7. Dec 23, 2018 at 4:14 AM
    #37
    Paulskie

    Paulskie New Member

    Joined:
    Dec 2, 2014
    Member:
    #770
    Messages:
    191
    Gender:
    Male
    First Name:
    Paul
    Vehicle:
    2014 Attitude Black 1794
    SABM, TRD sway bar, interior LED swap, Husky's in front and WeatherTech in the back, TRD Pro Grill, Rigid Fod lights, Rigid 40" E-series, Rigid 32" hood light, BLHM with RX350/STI projectors, 4% tint, 50% windshield.
    Great truck, man. Good choice.
    I've had lots of cars that were bought from auction. Once I bought 2004 Matrix with 4k mi for $4k. Repairs ran me another $4k with repairing fender bender. Had a car for a year and unfortunately it got totaled in head-on collision by unlicensed and illegal alien (Adjuster's words). Got my money back. Even after fender bender when car bought with minimal damage and repaired with correct parts, this Toyota Matrix did saved my family's lives. I had 3 loved ones that walked away from demolished car scratch free!!!
    On the other hand my brother didn't want a payment and got 2014 Limited from auction for $21k after repairs. No frame damage, only cosmetic with 35k mi on the clock with few custom upgrades already on the truck.
     
    Black Wolf and koditten like this.
  8. Dec 23, 2018 at 4:51 AM
    #38
    ColoradoTJ

    ColoradoTJ jberry813fanclub.com Staff Member

    Joined:
    Feb 24, 2016
    Member:
    #2766
    Messages:
    17,623
    Gender:
    Male
    First Name:
    Chris
    Colorado
    Vehicle:
    GMC 3500
    Fuzzy Mirror Dice
    So I may need help with the math on this.

    Clean retail for this truck is 37500.00 as of today (not sure when this truck was purchased).

    In Texas, the total loss threshold is 100%, so pretty much the truck was going to cost greater that actual cash value to repair.

    Lucky for the OP, he found a complete bed assembly for 1500.00 with the same color scheme (assumed) and what is pretty common in cost.

    Even if the bed was 5000.00, the bumper another 5000.00, and the install of all parts was another 5000.00, the math doesn’t add up to why the truck was not fixed and instead issued a salvaged title, especially if the truck was just a bumper and complete bed assembly.

    Now Iowa has a 50% total loss formula, so this state totals vehicles pretty easily.

    Personally, there has to be more to this story than we know. Insurance companies are not in business to lose money.

    Maybe some of you that have done this can step by step me through the whole process.

    @JimBeam might have some input on this process. Might not though.
     
    Black Wolf likes this.
  9. Dec 23, 2018 at 4:56 AM
    #39
    Black Wolf

    Black Wolf AMAROK, Inuit Stealthy Mythical Beast

    Joined:
    Apr 20, 2014
    Member:
    #378
    Messages:
    25,789
    Gender:
    Male
    First Name:
    Matt
    Aurora CO
    Vehicle:
    2014 Attitude Black Metallic/Barcelona Red hybrid 5.7L DC Limited TRD 4X4
    None
    Yep^^^^. (Without math we all would be dead....heh...heh)
     
    ColoradoTJ likes this.
  10. Dec 23, 2018 at 5:01 AM
    #40
    ColoradoTJ

    ColoradoTJ jberry813fanclub.com Staff Member

    Joined:
    Feb 24, 2016
    Member:
    #2766
    Messages:
    17,623
    Gender:
    Male
    First Name:
    Chris
    Colorado
    Vehicle:
    GMC 3500
    Fuzzy Mirror Dice
    How would men measure up? Lol

    There went Pandora’s box key...
     
    Black Wolf likes this.
  11. Dec 23, 2018 at 5:10 AM
    #41
    Festerw

    Festerw New Member

    Joined:
    May 7, 2017
    Member:
    #7600
    Messages:
    1,111
    Gender:
    Male
    Vehicle:
    04 Tundra DC
    My 04 is an R title I bought after repairs. Only thing that concerned me when I bought it was frame damage. It was totaled in 12, back on the road in 14, and Toyota replaced the frame in 15.

    With the frame replacement it alleviated most of my concerns. There's been a few things I've noticed but nothing that couldn't have been present on a normal 10 year old vehicle and nothing that would have swayed me from buying it either way.

    I can see how the math *could work. You have a year old vehicle accident, have the dealer quote new parts + labor. Buy it back for half or less than of market value, use aftermarket or used parts in your down time so labor is "free". That applies if you're keeping it, if you're reselling quickly then it becomes harder.
     
  12. Dec 23, 2018 at 5:17 AM
    #42
    Coolhardy

    Coolhardy New Member

    Joined:
    Apr 15, 2017
    Member:
    #7259
    Messages:
    1,610
    Gender:
    Male
    First Name:
    Harris
    Vehicle:
    2014 black tundra
    Too many to list
    I have a friend who runs a reputable insurance claim auto body shop does close to 1.5M-2M in sales a month.
    He fixed my truck as a favor since he is busy w insurance claims and makes big bucks there.

    The insurance write up on my truck was 22k but I only paid 5k as i gave him 6 months to finish it and find the parts. They have a insurance claim software that's being used nationwide. The labor hours and the oem or after markets parts adds up the bill ridiculously high for insurance companies to salvage the vehicles in most cases.

    In my and OP case, we were able to get parts from junkyard to build our project truck. This theory doesn't work with insurance companies. The vehicles has to be finished with new parts and the quality and finish has to be satisfactory for the vehicle owner.

    There are lotsa unknowns after opening the damaged area. That was the case with me too.
     
    ZPMAN, 1UPPER and ColoradoTJ like this.
  13. Dec 23, 2018 at 5:26 AM
    #43
    Black Wolf

    Black Wolf AMAROK, Inuit Stealthy Mythical Beast

    Joined:
    Apr 20, 2014
    Member:
    #378
    Messages:
    25,789
    Gender:
    Male
    First Name:
    Matt
    Aurora CO
    Vehicle:
    2014 Attitude Black Metallic/Barcelona Red hybrid 5.7L DC Limited TRD 4X4
    None
    Yep, my Tunny is at Service King which has several shops. I asked them to go with the cheaper black primed bumper and color match it. They couldn't do it so I'm getting the chrome bumper again. I could pay extra for an aftermarket bumper that is crazily a bit cheaper than the marked up chrome bumper. Go figure.
     
    Coolhardy likes this.
  14. Dec 23, 2018 at 5:56 AM
    #44
    binaryhansolo

    binaryhansolo New Member

    Joined:
    Oct 11, 2018
    Member:
    #20436
    Messages:
    14
    Gender:
    Male
    First Name:
    Steve
    Vehicle:
    2015 Toyota Tundra SR5 Double Cab
    None, yet.
    It's all personal preference, personally I would choose debt free. I know, I know, this is probably the wrong place to say something like that because we all want ALL THE PARTS FOR THE TUNDRAS! LOL
    Edit: Changed post some, have a habit of posting before thinking haha.
     
    Taco-Bender likes this.
  15. Dec 23, 2018 at 7:37 AM
    #45
    Packer2687

    Packer2687 New Member

    Joined:
    Dec 16, 2018
    Member:
    #23079
    Messages:
    1
    Gender:
    Male
    First Name:
    Cory
    Vehicle:
    2017 tacoma quicksand
    Repairs have come a long way. My 2017 Tacoma was t-boned by uninsured driver... Had some frame damage. 17k later and I don't even notice a thing. Does suck knowing my brand new truck has entire new passanger side lol .
     
  16. Dec 23, 2018 at 8:31 AM
    #46
    Rick4x421

    Rick4x421 New Member

    Joined:
    Jul 5, 2016
    Member:
    #3780
    Messages:
    10
    Gender:
    Male
    Vehicle:
    2012Blacktrim/pyrite
    My 2016 TRD Pro was hit Driver side door by a Chyrsler M doing 60 mph, Geico thought more, I cut the airbags away and got out passenger door, driver of the car was unfortunate, hurt badly. $33,000 in damage to truck, I drove the truck back to my construction site in Austin, frame damage was 1/8" cost was the firewall was damaged, I had 3" Toytec struts put on truck with 35"" tires it elevated the truck just right, truck sold at salvage for $13k, someone fixed good as new, would I buy it? Don't think so. If I'd been in an aluminum frame F-150, I would have been messed up, I never mind the mileage any more

    20170328_080011.jpg
    20170112_164532.jpg
     
  17. Dec 23, 2018 at 11:29 AM
    #47
    kcaustin66

    kcaustin66 [OP] New Member

    Joined:
    Jan 23, 2018
    Member:
    #12407
    Messages:
    391
    Gender:
    Male
    First Name:
    kevin
    Palestine Texas (East Texas)
    Vehicle:
    2015 Toyota Tundra CM 1794 4wd
    3” lift, black step bars, aftermarket wheels, LT305/55R20 was this way when I brought it.
    I would not buy a flood car to many issues later and don’t want to deal with front due to air bags
     
  18. Dec 23, 2018 at 12:31 PM
    #48
    kcaustin66

    kcaustin66 [OP] New Member

    Joined:
    Jan 23, 2018
    Member:
    #12407
    Messages:
    391
    Gender:
    Male
    First Name:
    kevin
    Palestine Texas (East Texas)
    Vehicle:
    2015 Toyota Tundra CM 1794 4wd
    3” lift, black step bars, aftermarket wheels, LT305/55R20 was this way when I brought it.
    I was able to come up with cash to buy my Tundra, credit cards about $3500 balance and the house is $12000 balance we are set to be debt free in about 12 months really looking forward to it.
     
  19. Dec 23, 2018 at 12:44 PM
    #49
    kcaustin66

    kcaustin66 [OP] New Member

    Joined:
    Jan 23, 2018
    Member:
    #12407
    Messages:
    391
    Gender:
    Male
    First Name:
    kevin
    Palestine Texas (East Texas)
    Vehicle:
    2015 Toyota Tundra CM 1794 4wd
    3” lift, black step bars, aftermarket wheels, LT305/55R20 was this way when I brought it.
    I know it doesn’t make since, the only thing I could come up with is some people have replacement insurance so the insurance is more able to total a vehicle. It is hard to believe
    a good example look at this listing it is the same place I got my truck from about the same damage:
    https://www.autobidmaster.com/en/ca...TA_TUNDRA_CRE_CERTIFICATE_OF_TITLE_DALLAS_TX/

    this truck will go for about $15000 -$20000 plus
     
  20. Dec 23, 2018 at 12:51 PM
    #50
    Gibo244

    Gibo244 New Member

    Joined:
    Sep 9, 2018
    Member:
    #19199
    Messages:
    118
    Gender:
    Male
    First Name:
    KG
    Maui
    I won’t cause I buy cars with good resale value. If u keep it till it dies and know the extent of the damage. Go for it
     
  21. Dec 23, 2018 at 2:38 PM
    #51
    koditten

    koditten New Member

    Joined:
    Apr 6, 2018
    Member:
    #14241
    Messages:
    648
    Gender:
    Male
    Where did you get the 100% value number for Texas vehicles? In all the years, the number has been closer to 75%. I don't live in Texas, but I still see lots of trucks from Texas that I deem way less than 100% value to repair.

    Regardless, don't try to wrap your head around how the insurance company decides what gets fixed and what gets scrapped. They seem to pull numbers out of a hat.
     
    ColoradoTJ likes this.
  22. Dec 23, 2018 at 3:15 PM
    #52
    ColoradoTJ

    ColoradoTJ jberry813fanclub.com Staff Member

    Joined:
    Feb 24, 2016
    Member:
    #2766
    Messages:
    17,623
    Gender:
    Male
    First Name:
    Chris
    Colorado
    Vehicle:
    GMC 3500
    Fuzzy Mirror Dice
    This has all the states listed and how it’s all calculated.

    https://www.mwl-law.com/vehicle-considered-totaled/
     
    NUDRAT likes this.
  23. Dec 23, 2018 at 4:03 PM
    #53
    GravityGear

    GravityGear Parking Lot Prerunner

    Joined:
    Sep 9, 2018
    Member:
    #19180
    Messages:
    345
    Gender:
    Male
    First Name:
    Matt
    Vehicle:
    2014 Black DC TSS Off Road 4x4 5.7
    Transfer Flow tank, trailer brake controller
    A lot of people look down on branded titles, simply because many insurance companies won't cover branded title vehicles. I know my insurance company won't even cover a rebuilt title vehicle.
     
  24. Dec 23, 2018 at 4:31 PM
    #54
    easleycrawler

    easleycrawler TOYOTA ADDICT

    Joined:
    Nov 12, 2016
    Member:
    #5176
    Messages:
    2,349
    Gender:
    Male
    First Name:
    Travis
    Easley, South Carolina
    Vehicle:
    17 Tundra SR5 DC Black 5.7
    This is my 2014 that I wrecked, not my fault. Had it repaired, and it just wasn't the same, they tried and tried to get the door lines to line back up, got it really close, but I hated it. So, I took my depreciated value check, $5,000 used for a down payment and I left it with my local yota dealership, bought a new 2017 just like the one I wrecked, kept my wheels, toolbox, vent shades and husky liners. Couldn't be happier.


    IMG_20170609_144616371_HDR.jpg
     
    Trooper2, ColoradoTJ and Black Wolf like this.
  25. Dec 23, 2018 at 4:40 PM
    #55
    Black Wolf

    Black Wolf AMAROK, Inuit Stealthy Mythical Beast

    Joined:
    Apr 20, 2014
    Member:
    #378
    Messages:
    25,789
    Gender:
    Male
    First Name:
    Matt
    Aurora CO
    Vehicle:
    2014 Attitude Black Metallic/Barcelona Red hybrid 5.7L DC Limited TRD 4X4
    None
    Yep...that kind of damage is not worth trying to fix. Side hit...a bad side hit. Like you mentioned ...next to impossible to restore.....
     
    easleycrawler likes this.
  26. Dec 23, 2018 at 5:45 PM
    #56
    ColoradoTJ

    ColoradoTJ jberry813fanclub.com Staff Member

    Joined:
    Feb 24, 2016
    Member:
    #2766
    Messages:
    17,623
    Gender:
    Male
    First Name:
    Chris
    Colorado
    Vehicle:
    GMC 3500
    Fuzzy Mirror Dice
    Damn I remember that.

    It worked out in the end.
     
    easleycrawler likes this.
  27. Dec 23, 2018 at 5:49 PM
    #57
    Black Wolf

    Black Wolf AMAROK, Inuit Stealthy Mythical Beast

    Joined:
    Apr 20, 2014
    Member:
    #378
    Messages:
    25,789
    Gender:
    Male
    First Name:
    Matt
    Aurora CO
    Vehicle:
    2014 Attitude Black Metallic/Barcelona Red hybrid 5.7L DC Limited TRD 4X4
    None
    upload_2018-12-23_18-49-19.jpg...oh...wait......
     
    ColoradoTJ likes this.
  28. Dec 23, 2018 at 5:52 PM
    #58
    easleycrawler

    easleycrawler TOYOTA ADDICT

    Joined:
    Nov 12, 2016
    Member:
    #5176
    Messages:
    2,349
    Gender:
    Male
    First Name:
    Travis
    Easley, South Carolina
    Vehicle:
    17 Tundra SR5 DC Black 5.7
    Yes sir. Had to get into a pissing match with the other parties insurance, but I walked away happy, considering their first diminished value offer was 1k.
     
    arkhomer and ColoradoTJ like this.
  29. Dec 23, 2018 at 7:32 PM
    #59
    kcaustin66

    kcaustin66 [OP] New Member

    Joined:
    Jan 23, 2018
    Member:
    #12407
    Messages:
    391
    Gender:
    Male
    First Name:
    kevin
    Palestine Texas (East Texas)
    Vehicle:
    2015 Toyota Tundra CM 1794 4wd
    3” lift, black step bars, aftermarket wheels, LT305/55R20 was this way when I brought it.
    I had a Chevy Trailblazer that was hit in the side and repaired it looked great and drove like a new car. But the road noise was terrible that is why I don’t want anything damaged on the sides. Thank god my was a hit in the rear.
     
    easleycrawler likes this.
  30. Dec 23, 2018 at 7:54 PM
    #60
    ZPMAN

    ZPMAN 2nd place is the 1st looser

    Joined:
    Nov 1, 2017
    Member:
    #10678
    Messages:
    1,240
    Gender:
    Male
    First Name:
    John
    Minnesota
    Vehicle:
    2016 Black Platinum Supercharged
    4" lift, 35s, Magnuson Supercharger
    When I had time to build I used to use IAA ( Insurance auto auctions) https://iaa-auctions.com/
    I've done cars, trucks, bikes and sleads. Now I have no time and more money, never thought I would ever buy a new vehicle.
     
    SlickRick2013Tundra and koditten like this.

Products Discussed in

To Top