black_EM1

Title, gentlemen. I'm currently researching S2000s, and I keep coming across nice examples, just with blue or salvage titles. What are the pros and cons of buying/owning a salvage title vehicle?

justBLZE

Depends what are your plans for the car. If, for one, it is some kind of project car it probably won't matter.

If you plan on having a reliable daily driver, that you want to get serviced at a dealer and possibly sell in the future, I would only look into clean title car.

v8killaz

resell value will be **** thats all

Francesco

This is not always true.

The reasoning behind the salvaged title is really the make or break issue. There are alot of cars on the roads with salvaged titles that have never been involved in an accident.

black_EM1

I see. I'm avoiding flood recoveries, etc and have come across quite a few theft recoveries with salvage titles. So it's more for the resale value than anything then?

Or as I'm reading it's all in what happened to it to earn the title?

TheMuffinMan

iTrader: (1)

They've only been in floods and ruined the interior, wiring, etc or fires or theft........etc

You don't just 'get' a salvage title for no good reason. They are issued for a reason and those reasons are never good.

While I agree why the car was branded salvage is important I personally would stay away.

For S2000's (older ones), a top slashed up, seats and steering wheel stolen would probably be enough to issue a salvage title if going through insurance.

boostedb16a3

It's dependent on your budget and whether you ever plan to resell the vehicle. People say it doesn't matter if the title is salvaged and that it just depends on the reason of the salvaged title. I call partial BS because I wouldn't ever consider buying a salvaged title unless I planned on tracking it only, or never re-selling it and keeping it as a toy. Most people buy cars with a possibility to sell if the situation permits. The only thing I can tell you is if you do buy salvaged then you better make sure you buy cheap. I bought a 50k mile, clean titled with a mugen replica hardtop S2k for 5900 cash. Not trying to brag but my point is there are deals out there and I wouldn't spend the 6k people are asking on some salvaged title vehicle.

TheMuffinMan

iTrader: (1)

Side note too - check with your insurance company before buying. Some won't insure you for salvaged titles.

black_EM1

I do plan on this being my next DD, so I'll be looking at something else. But if you're interested, the deal was an '02 GPW/full red interior with Brides, few other mods (I/H/E). 75k miles on it, and he was asking $10.5k.

b e b

Pro: Cheap

Con: Possibly dangerous, You still pay the same registration amount as a clean title in most states, you still pay the cost of clean title s2000 for insurance purposes IF they even take you in since very few companies write salvaged vehicles and then they pay you out less than half of a clean title worth in a claim and lastly, hard to resell.

Boots

thats not a bad deal at all

DumpedSi

iTrader: (5)

gpw is the color to get

I had an 05 that I converted the interior to black and it sold within 2 days for full asking price.

as far as salvage goes, you drive the car not the title. Do your research on why it was totaled out and ask the seller if he has any before repair pictures. The key concerns beyond that will be resell value and insurance payout if it gets totaled.

black_EM1

Here's the car:

http://www.s2ki.com/s2000/topic/8872...pw-s2000-mods/

Full list of mods, although I'll be asking for the stock seat back, and possibly the stock exhaust. I'm a Q300 fan, myself. Really think that's a good deal?

Right, requisite pics:

v8killaz

its not a good deal considering i value a salvage car half of kbb.
if you want to keep it then it could be good but if you get bored and want to sell it say a year later you will have a very hard time.

my cousin picked a 01 up for 6k with salvage title
i see ap1's go for 6-7k alot now because younger kids own them.

only thing good about the car is the color combo.
if you stick with the car than it may not be a bad deal for you.

black_EM1

The color combo is really the only reason I'm even considering it. Well that, and the mileage. It's not bad for a 10 year old car. I plan on keeping the car for quite some time, which is another factor in looking at this one.

The only ones I see going for 6-7k are over 125k miles, or beat to hell honestly.

boostedb16a3

I guess to each it's own. I refuse to own a salvaged title car but I will rock replica wheels. I find this kind of funny because some people care so much about fake wheels but will have a salvaged title. There was a dude at a local orlando meet that kind of shunned my s2k because I have xxr's. He has CCW's BUT.... He has a salvaged title lmao. Teach it's own when it's all said and done.

Boots

thats a pretty good deal...that would go for about 13g's around my area

black_EM1

Wheels are wheels to me, really. I went from Rotas, to Mugens to Volks on my Civic. I never understood why people care so much about fake wheels unless they're racing on them.

$13k for a salvage title? Wow. I'm giving this car serious thought.

Boots

i didnt know it was salvage titled...in that case, hell no...i wouldnt pay more than 6g's for it and even then thats pushing it

black_EM1

Yep, salvage title due to theft. I was going to offer him around $8k, including mods. But it's far as hell from me, I'll be in NC and the car is in Texas.

Boots

id probably pass on it bro, but thats me

black_EM1

I think I probably will, tempting as it is.

v8killaz

you will find a better deal. prob not the color combo because ive been looking for that color in the entire us for a good deal to pick up

corrupt0r

I would avoid salvage titles at all cost, unless you are getting the deal of a century and have no intention to resell.

B--RYAN

PRO: GET A CAR WITH NOTHING WRONG WITH IT FOR CHEAP
CON: INSURANCE WILL BE HIGHER WITH SOME COMPANYS