Hello peeps, I recently payed off my '98 ITR (Jan 29, 2007) and just had a bunch of questions lurking in my head. I'm about to buy another car, probably a 97-2001 prelude as a daily driver. This way I can store my Integra in the garage and not have to worry about getting it jacked while im @ the mall or something. The ITR is about to hit 100,000K and Im about to take it for a major tune up and thinking about storing it. Anywho, the random questions.

Being rare as they are, and being awarded as the best FW drive car ever, what do you guys think it'll be valued as 30 years from now? I know car don't ever increase in value unless its a classic or collectible, and the ITR is making it's way towards that.
(I know this is a hard/weird question to answer, but if you had to guess, what would it be?)

My insurance is about 2k/year for full coverage (21st Century Insurance). My driving record is clean, never been in an accident or gotten any tickets, Im 25 turning 26 this March. I was wondering for those R owners out there who have their car insured as a collectible, how much are you paying for full coverage?

 

I would be silly to insure for anything greater than replacement cost. That way no matter what it's worth (wether that amount is 10k or 30k), you'll get enough to buy another. Just document everything. Keep your receipts, take pictures, etc. When claim time comes, you'll be better prepared to get top dollar from them.

 

See signature.

It's a good plan to have a daily driver, and keep the Type-R in the garage. Prelude does great for daily driving too, great torque (I only have to turn each shift to about 3,500RPM to keep up with the rest of traffic, where as I have to turn the Type-R to about 4,500-5,000RPM just to keep up with traffic leaving the stoplight), the car's look great, they're still easy to work on, and they're nice.

A little advice, if you want less likelyhood of problems occuring, I'd get a base model. Type-SHs just have more advanced/complex mechanics, and I'm taking the brunt force of those right now. ATTS gets a from me.

Anyway, I think it'd be well worth it to garage the Type-R during the week, and buy a BB6 to drive daily.

With both cars, my insurance is $2,400 a year. No tickets, clean record... But my entire family is on the same plan, and my brother rear ended a gold digging freeloader, and our insurance got sued, thus I'm now paying out the ***.

 

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by MacH &raquo;</TD></TR><TR><TD CLASS="quote">Being rare as they are, and being awarded as the best FW drive car ever, what do you guys think it'll be valued as 30 years from now?</TD></TR></TABLE>

I expect values to be pretty stable over the next five years. 30 years from now? I expect to have been dead for ten years.

I don't think concern over market value is a reason for not driving an ITR - especially one that already has 100K miles. If you don't want to drive it everywhere you go, and you don't mind incurring the cost of a second car as a daily driver, that's a different story.

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by MacH &raquo;</TD></TR><TR><TD CLASS="quote">My insurance is about 2k/year for full coverage (21st Century Insurance). My driving record is clean, never been in an accident or gotten any tickets, Im 25 turning 26 this March. I was wondering for those R owners out there who have their car insured as a collectible, how much are you paying for full coverage?</TD></TR></TABLE>

What does "insured as a collectible" mean? You already know what your insurance costs you, and what other people pay is irrelevant. If the car is only going to be stored, and never driven, at least for a period of time, then you can suspend the liability and collision portions of your insurance, but keep the comprehensive to protect it against fire and theft. You can look at your policy to see how much you would save by doing so, because your policy tells you how much you pay for each type of coverage. I do this every year with my other car, which doesn't go anywhere during the winter. (FWIW, my insurance company only suspends coverages like this for a maximum of six months a year.)

 

WOW you have 100K on the ITR! Keep her going well and safe, but if you get the prelude please do get the base model! I still miss it, but it was a salvage title lude so yeah, do get a clean title though 

 

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

What does "insured as a collectible" mean? </TD></TR></TABLE>

I don't know if that was the right term to use, but thats what my insurance asked me when I was getting the ITR insured. 21st said something like I would be limited to 3k or less miles/year if I want it to be insured as a collectible and have the cost of insurance go down cause it'll be in the garage most of the time. I thought this would be a common thing for ITR owners who only drive thier car on the weekends and have another daily driver.

Thx for the heads up on the Prelude guys, I guess base model it is

 

Id buy a itr with less than 30k miles to store... not 100k miles.

 

lol, When I purchased it, It had only 76K miles, But I've added to it since then. Now that It's paid off, I was thinking about getting another car for a daily and store the R so that it doesnt get stolen easily.