I've been watching auctions for a low mileage hail damaged car to buy. I actually got the idea from one of Scotty's videos I know there won't be any resale value and I don't care as long as it works I'll keep it until it's ready for the bone yard. I called a body shop that specializes in hail damage and the owner said most shops don't want to fool with trying to flip them. He gave me a ballpark repair estimate of $6 to $8 thousand to fix it. I figure if I can pick one up for about $10K to $15K plus another $6K to $8K for repairs I'll be making out like a bandit. I recently saw one a couple years old with about 50K on the clock sell for $13K. Am I missing anything to consider??
As long as it was only hail damage and not flood damage you can go anywhere you want you can buy a dimpled car or you can often find aftermarket body shops or guys that do work on the weekend I can fix it a lot cheaper than that
I think I'd rather keep the $8k and drive a dented car.
Paintless dent removal places are usually pretty good at getting dimples like that out of cars for a reasonable amount. A tree branch dented my Mustang's roof like that. Granted enough hail damage to total a newer car needs to be like a golf ball to total it, so that may still be cost prohibitive. Looking at it from the perspective that almost all of the body panels, save for the roof and rear quarter panels are somewhat replaceable, if you pick a commonly found car, you may be able to get matching body parts out of junkyards. If you can do that with the hood, trunk lid, doors and fenders, that'll make it cheaper to fix the rest!
I recently saw one a couple years old with about 50K on the clock sell for $13K.
You didn't say what vehicle you saw that was a couple yrs old with 50k miles and selling for $13k. ?? Really depends what car it is if it's a good deal or not.
The whole point of buying a salvage junker would be to keep it and save money. (I do not recommend salvage title cars. Period.)
To fix it, you would literally wind up paying what you could get a clean title car for by the time you're done.
You didn't say what vehicle you saw that was a couple yrs old with 50k miles and selling for $13k. ?? Really depends what car it is if it's a good deal or not.
That one was a 2018 Cadillac XT5 hail pitted but no broken glass. I probably should have just bought that one and been done with it but I don't want a V-6. I'm watching two XT4's and a Lincoln Nautilus Reserve. I'm trying to get a 2020 or 21 but the prices are higher than I want to pay. Just have to be patient I guess.