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valuation of theft recovery title PY 2000 USDM ITR

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Old Jun 22, 2006 | 07:50 AM
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Default valuation of theft recovery title PY 2000 USDM ITR

I picked up a theft recovery PY 2000 USDM ITR a month or two ago, and I've put a good amount of time and money into it since. it's almost ready to go, just waiting on a few more things. i have put it back completely to stock (suspension, exhaust, jdm b18c-r) with the exception of an AEM intake and aftermarket head unit.

the car has under 35k miles on it (verifiable), and the body is extremely clean. the seats need to be cleaned up a bit. it has a salvage title from the theft, but it has never been in any major accidents whatsoever. frame and chassis are straight.

how much could I realistically expect to get for this car on the open market? what should i set my asking price at?

nada low book says $13,500 and that is the max my credit union would loan up to on it. i also know that because these cars are limited edition, and only a handful are up for sale at any given time, that could tweak the actual value higher than book.

does anyone have any experience purchasing/selling a re-built 2000 ITR recently?
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Old Jun 22, 2006 | 08:17 AM
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Default Re: (turbo y0)

thats the same price my cousin sold his 98 itr for. it was stripped to the bone and we had rebuild it. for the motor, we just put in a fresh fully built ls-vtec instead. for the interior, it was returned back to stock expect for the frotn seats which we had put red SRDs in there.
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Old Jun 22, 2006 | 09:09 AM
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Default Re: (turbo y0)

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by turbo y0 &raquo;</TD></TR><TR><TD CLASS="quote">i doubt youll get a good price without a clean title</TD></TR></TABLE>

are you speaking from actual experience?

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by SYTFU Tommy. &raquo;</TD></TR><TR><TD CLASS="quote">thats the same price my cousin sold his 98 itr for. it was stripped to the bone and we had rebuild it. for the motor, we just put in a fresh fully built ls-vtec instead. for the interior, it was returned back to stock expect for the frotn seats which we had put red SRDs in there.</TD></TR></TABLE>

so the 98 your cousin sold was salvage title (theft recovery) and he got $13,500 for it? NADA lowbook (bank value for a salvage vehicle) on a 98 ITR is $7850, so he still got $5k more than that out of it. wow.
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Old Jun 22, 2006 | 10:01 AM
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Default Re: (YumVTEC)

I sold my 98 for 15,500 about 4 months ago. It was missing the head, front seats and main harness was cut and it had a broken window. It factory option lip kit and polished wheels and some Koni yellows with gc's. And it was theft salvage with 66k on the cluster. Best deal I ever got on an auction car. I will not say how much I payed
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Old Jun 22, 2006 | 10:21 AM
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Default Re: (ghettocrxsi)

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by ghettocrxsi &raquo;</TD></TR><TR><TD CLASS="quote">I sold my 98 for 15,500 about 4 months ago. It was missing the head, front seats and main harness was cut and it had a broken window. It factory option lip kit and polished wheels and some Koni yellows with gc's. And it was theft salvage with 66k on the cluster. Best deal I ever got on an auction car. I will not say how much I payed
</TD></TR></TABLE>

you sold your salvage title 1998 ITR for $15,500 and it was missing the head, front seats, and had a cut main harness? or are you saying you bought it like that cheap, fixed those problems and then sold it for $15,500?
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Old Jun 22, 2006 | 12:39 PM
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Default Re: valuation of theft recovery title PY 2000 USDM ITR (YumVTEC)

the most ive had freinds list thier dirty title r's for is 13 maybe 13.5 obo, but thats without a scratch, cars are flawless except for the title

dont except more than 13 just becaus its some "super rare collectible" becaus its "super uber rare" when its comepletely virgin and clean title those are the type r's that fetch a pretty penny
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Old Jun 22, 2006 | 12:41 PM
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Default Re: (quicksilvia)

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by quicksilvia &raquo;</TD></TR><TR><TD CLASS="quote">he fixed them duh</TD></TR></TABLE>

He still ripped someone off. A clean title 98 w/ 66k is worth 15.5 AT MOST. Give me the number to that buyer, I feel like putting an extra 10 grand in my pocket
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Old Jun 22, 2006 | 12:55 PM
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Default Re: (quicksilvia)

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by quicksilvia &raquo;</TD></TR><TR><TD CLASS="quote">he fixed them duh</TD></TR></TABLE>

duh? it was kind of ambiguous from the wording of his post. maybe you can let him answer that himself. thanks for your input though.

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by FullRaceHonda &raquo;</TD></TR><TR><TD CLASS="quote">the most ive had freinds list thier dirty title r's for is 13 maybe 13.5 obo, but thats without a scratch, cars are flawless except for the title

dont except more than 13 just becaus its some "super rare collectible" becaus its "super uber rare" when its comepletely virgin and clean title those are the type r's that fetch a pretty penny</TD></TR></TABLE>

so they list them for $13-13.5k? what do they actually get out of them? if I sold the car for $13, i would just about break even, not including the time and effort I've put into getting the car back on the road. i'm not in this to make a grip, just want to see another ITR back on the road instead of in a junkyard, but i'd still like to get some $$$ out of it for my time.
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Old Jun 22, 2006 | 02:09 PM
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Default Re: (quicksilvia)

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by quicksilvia &raquo;</TD></TR><TR><TD CLASS="quote">he fixed them duh</TD></TR></TABLE>

Real mature
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Old Jun 22, 2006 | 02:58 PM
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Default Re: valuation of theft recovery title PY 2000 USDM ITR (YumVTEC)

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by YumVTEC &raquo;</TD></TR><TR><TD CLASS="quote"> it has a salvage title from the theft, but it has never been in any major accidents whatsoever. frame and chassis are straight.</TD></TR></TABLE>

Sorry I don't have any experience to add, but is there anyway to get the title "cleaned"? Or at least better than "salvage". Options may vary by state, I don't know. I think some states have an inspection process for returning vehicles to the road with clean titles. Might be able to PM some of these guys here who have their own rebuilding-an-ITR thread.
Best of luck! Always great to see another R back on the road
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Old Jun 22, 2006 | 03:00 PM
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Default Re: valuation of theft recovery title PY 2000 USDM ITR (Doespike)

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by Doespike &raquo;</TD></TR><TR><TD CLASS="quote">

Sorry I don't have any experience to add, but is there anyway to get the title "cleaned"? Or at least better than "salvage". Options may vary by state, I don't know. I think some states have an inspection process for returning vehicles to the road with clean titles. Might be able to PM some of these guys here who have their own rebuilding-an-ITR thread.
Best of luck! Always great to see another R back on the road </TD></TR></TABLE>

i would feel kind of dishonest doing that, because it will still show up on the carfax report. car is what it is: a theft recovery.

thanks for the advice though. my state does have a process to clean the title.
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Old Jun 22, 2006 | 03:26 PM
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Default Re: valuation of theft recovery title PY 2000 USDM ITR (YumVTEC)

No one can tell you what its worth. Its value depends on what a person is willing to pay for it. Since it is a rare car and is no longer in production its value will be slightly higher. Just put a price what you think is right and hope for the best.
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Old Jun 22, 2006 | 03:38 PM
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Default Re: valuation of theft recovery title PY 2000 USDM ITR (YumVTEC)

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by YumVTEC &raquo;</TD></TR><TR><TD CLASS="quote">i would feel kind of dishonest doing that, because it will still show up on the carfax report. car is what it is: a theft recovery.

thanks for the advice though. my state does have a process to clean the title.</TD></TR></TABLE>

My apologies, I wasn't suggesting anything to coverup the history. I just thought that the process might help verify the rebuild was done properly and received a state approval, which would be reassuring to a potential buyer and therefor increase its value (banks will approve a higher loan for it and insurance companies will increase coverage). And as long as you're up front and honest about the history, you shouldn't scare off any buyers when they check the carfax. But a clean title might make some money for your time.

If you stay with the current title, at least you're better off, IMHO, with a theft salvage title rather than an accident salvage title. A clean (salvage rebuilt from accident) low mile PY ITR just sold in NYC for $15k

Again, I'm no expert, just trying to help.
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Old Jun 22, 2006 | 03:56 PM
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Default Re: (YumVTEC)

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by YumVTEC &raquo;</TD></TR><TR><TD CLASS="quote">
so the 98 your cousin sold was salvage title (theft recovery) and he got $13,500 for it? NADA lowbook (bank value for a salvage vehicle) on a 98 ITR is $7850, so he still got $5k more than that out of it. wow.</TD></TR></TABLE>
Correct, he sold it for that much.
Those NADA, KBB, w/e BS book out there should not be used to buy/sell cars. I don't care what people say, but it's all in the customers/buyers. It all depends on what the people are willing to pay. Even some insurance companies pay-out their customers on how much their cars are worth in the market, not by those BS books.
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Old Jun 22, 2006 | 07:10 PM
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Default Re: (DC4KiD)

I sold it for 15,500 fixed. Its all about what the buyer is wanting to pay. i was not even looking to sell the car but I got a call and they wanted it so I sold it to them. My friend just sold another 98 with 33k for 18,000 with a rebuilt title.

It all depends on your area and what the people are willing to pay. I see rebuilt R's go for as little as 11 here that are flawless. So if you are willing to wait some one will pay your price.

Like I said I was not looking to sell but for 15,500 I could not pass that up.
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Old Jun 22, 2006 | 07:13 PM
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Default Re: (ghettocrxsi)

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by ghettocrxsi &raquo;</TD></TR><TR><TD CLASS="quote">It all depends on your area and what the people are willing to pay. .... So if you are willing to wait some one will pay your price.
</TD></TR></TABLE>I agree
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Old Jun 22, 2006 | 08:22 PM
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Default Re: (DC4KiD)

thanks guys. i think i will list it for $15k since I can afford to sit on it for a while. be fun to drive in the mean time too.
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Old Jun 22, 2006 | 09:00 PM
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Default Re: (YumVTEC)

yeah, when i just begin to think about selling mine, it upsets me because of how much i put into the car such as paint, good ole TLC, etc, and its a 97 ITR with all matching numbers and clean as hell, but it has higher miles and a salvage title. i have a feeling if I sell it, i'll get nothing

so, ill just hang on to her
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Old Jun 22, 2006 | 11:38 PM
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Default Re: (rino924)

really depends on your market man. You cant compare what other people have sold their car for and expect to get that out of yours. Sometimes you get lucky and find the right buyer. Go look to see what other R's are selling for in your area and drop a few k off. Thats what I do when I sell my salvage title si's.. They sell for about 8k when clean title are selling for 9500-10,000..

I've sold 4 cars in the past month and they've all sold within a week of listing them on craigslist.. My advice would be to make sure you complete that car to perfection so the buyer has nothing to bitch about.
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Old Jun 23, 2006 | 01:48 AM
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Default Re: (RGoose18)

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by YumVTEC &raquo;</TD></TR><TR><TD CLASS="quote">


so they list them for $13-13.5k? what do they actually get out of them? if I sold the car for $13, i would just about break even, not including the time and effort I've put into getting the car back on the road. i'm not in this to make a grip, just want to see another ITR back on the road instead of in a junkyard, but i'd still like to get some $$$ out of it for my time.</TD></TR></TABLE>

they get their asking price, unless they sell it for a "homie hookup", you can list it for more but i think scares people away if you list a dirty title r for 17k whos going to even bother looking at it good luck with selling it and you should post pics of your progress sometime
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