Join Date: Nov 2005
Location: Calgary, AB
Total Points: 9,207,016,048,002.07
I worked as a tech for a few years. I would never buy a water damaged car unless you're willing to replace harnesses and electronic components and then deal with the body work. Honestly don't buy a car you can't afford new parts for, it always ends in debt and/or disaster.
The reason why the car has a salvage title is because the insurance company calculated the cost of repairing the vehicle and it was a high enough figure that it wasn't worth fixing. So they cut a cheque for the owner (cheaper) and sent the car off to a salvage auction.