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Gimme some financial advice here please... Considering a project R

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Old Jul 3, 2008 | 04:51 PM
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Default Gimme some financial advice here please... Considering a project R

Alright. So I found a VERY VERY clean pheonix yellow R. Its a theft recovery, here is what I do know about it.

Sold in 2000, stolen in 2002. Stolen around 30k miles. Interior, suspension, spoiler, engine missing. Shell is VERY clean, no dents on body, paint looks like it came off the assembly line yesterday. Bumpers need to be painted, rest is good. Engine bay is good also, very nice I might add. Has a GSR dash it comes with and SOME of the interior plastics. 4 lug currently on the car, no 5 lug. The shell was registered since the recovery and driven an unknown amount of mileage for 1 years period. The kid used it for street racing (he told us) and later sold it to my friend. I have spoken to the guy we got it from and he seems very honest. Obviously it has a salvage title. It has been offered to me for a very "attractive" price, but I am concerned about the cost to restore it to its original condition. Also, what do I do about the dash having the wrong VIN tag on it now? Can I get a new one made legally and have it riveted onto the dash? Do you guys think I could realistically "restore" this car for 7k in the end? I do all mechanical work myself so all I need to do is buy the parts. I will handle the rest. I am highly concerned about it getting stolen, so its not something I plan to DD. How much do you think this car would fetch in the end? I was assuming 10k would be a realistic figure given its condition. Any advice you guys might have for me would greatly help me in my decision. I really really want an R, but I worry I might be diving in a little too deep.
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Old Jul 3, 2008 | 05:05 PM
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Default Re: Gimme some financial advice here please... Considering a project R (Hybrid96EK)

Anything is possible, so depending on the price of the purchase etc you may be able to restores it for 7k. Honestly? I doubt it. The project needs to be a labor or love, because it isn't an investment. Remember that.
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Old Jul 3, 2008 | 05:11 PM
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Default Re: Gimme some financial advice here please... Considering a project R (coolhandluke)

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by coolhandluke &raquo;</TD></TR><TR><TD CLASS="quote">Anything is possible, so depending on the price of the purchase etc you may be able to restores it for 7k. Honestly? I doubt it. The project needs to be a labor or love, because it isn't an investment. Remember that.</TD></TR></TABLE>

I'm not asking for 7k total, I mean purchase price of the car + 7k. I don't know if I would buy a swap or build one from parts I gathered. Parting together a LEGIT R block is a tough task though. Its probably my largest concern. Interior is too much of an issue. Most GSR parts are the same. The suspension is a fairly easy deal. I just need a 5 lug swap with some gunmetal rims. I figured $1,500 for suspension alone.
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Old Jul 4, 2008 | 01:54 PM
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Default Re: Gimme some financial advice here please... Considering a project R (Hybrid96EK)

My hole project car costs to date 7k with GsR motor/B16trans and LS interior .. Came with 5lug rolling chasis....

For DD no, Track yes.

See sig for info.
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Old Jul 5, 2008 | 01:50 PM
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well it might be possible to find "suspect " parts on ebay! or your local Craigslist, or team-integra.net but it will be a long prosses
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Old Jul 5, 2008 | 02:16 PM
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Default Re: (TypRice)

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by TypRice &raquo;</TD></TR><TR><TD CLASS="quote">well it might be possible to find "suspect " parts on ebay! or your local Craigslist, or team-integra.net but it will be a long prosses</TD></TR></TABLE>

I don't understand your statement. The whole idea of using "suspect parts" to rebuild an R blows my mind, as it should yours.
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Old Jul 5, 2008 | 06:57 PM
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Default Re: Gimme some financial advice here please... Considering a project R (Hybrid96EK)

Ok, it kinda depends on how picky you are. I don't see you makeing it back to factory form for even 10k. The engine and tranny alone are going to cost like 3.5k. PLus install, parts, labor. Things will add up quick. Especially for an R, properly your going to need expensive and nice parts so it is up to you. Id go for it, If you have to take a few years to do it, its worth it.
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Old Jul 5, 2008 | 07:35 PM
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Default Re: Gimme some financial advice here please... Considering a project R (jdmeg6b18b)

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by jdmeg6b18b &raquo;</TD></TR><TR><TD CLASS="quote">Ok, it kinda depends on how picky you are. I don't see you makeing it back to factory form for even 10k. The engine and tranny alone are going to cost like 3.5k. PLus install, parts, labor. Things will add up quick. Especially for an R, properly your going to need expensive and nice parts so it is up to you. Id go for it, If you have to take a few years to do it, its worth it.</TD></TR></TABLE>

Install and labor is all on me. I will do ALL of the work my own. I am currently trying to sell my swap out of my EK to fund the car purchase. Know anyone who wants a low mileage rebuilt GSR engine with R internals?

http://www.hondamarketplace.co...18391
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Old Jul 5, 2008 | 10:02 PM
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Default Re: Gimme some financial advice here please... Considering a project R (Hybrid96EK)

if i have a project ITR...
and considering that it has a salvage title and will be used as a weekend warrior.
i would use budget parts and think symplicity first, unnecessary stuff last.
ex.
ITR motor - ITR motor ($4000 no substitution on this one)
Fancy JDM Recaro seats - (no, $50 get stock teg front seats)
full ITR interior - (nahh, $50 how about minimum interior)
5 Lugs - ($500 4 lugs would do just fine)
Mugen intake - (used $50 AEM CAI)
Hytech header - (used $200 JDM ITR, DC)
Exhaust - (used $250 pretty much anything)
Suspension - (i leave this up to you, but i would do koni yellows + used spring combo $550)
ITR cluster - ($75 not impossible, doable)
mugen Pedals - ($10 at the discount box in pepboys)
shifter + **** - ($75 dirt cheap online)

considering you will do everything, and some imagination. you could have a nice project.

PS: i dont know what got me to write all that

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Old Jul 5, 2008 | 10:25 PM
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Default Re: Gimme some financial advice here please... Considering a project R (Tiger_Si)

other than the motor, your way of doing an R is ghetto and half assed.
For the OP, take whatever you plan for the restore to be nearly double the price and time. Unless youre a pro and can anticipate broken or missing sensors, parts etc then it wont happen. Not being negative, just telling you how it is. GL
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Old Jul 5, 2008 | 11:22 PM
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You're buying a salvage titled Type R shell for 7grand? Not worth it. I bought my 2001 Type R for $6,900 with 43,000miles and full interior with a fully built LS vtec turbocharged. Clean title. And Im the 3rd owner. And I already spilled 4grand trying to make back to it's NA form but with upgrades. =D I bought the block from the guy before he sold me the car. So Im putting it back in.

Seems like you're going to be doing a lot of work there. It's going to cost you more and a lot of time. I suggest you find a better deal.
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Old Jul 6, 2008 | 06:09 AM
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Default Re: Gimme some financial advice here please... Considering a project R (Mr.OB*GYN_Rhett)

yea sensoes and other misc things. Thats what i meant about install.
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Old Jul 6, 2008 | 07:21 AM
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Default Re: (b20_driven)

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by b20_driven &raquo;</TD></TR><TR><TD CLASS="quote">You're buying a salvage titled Type R shell for 7grand? Not worth it. I bought my 2001 Type R for $6,900 with 43,000miles and full interior with a fully built LS vtec turbocharged. Clean title. And Im the 3rd owner. And I already spilled 4grand trying to make back to it's NA form but with upgrades. =D I bought the block from the guy before he sold me the car. So Im putting it back in.

Seems like you're going to be doing a lot of work there. It's going to cost you more and a lot of time. I suggest you find a better deal.</TD></TR></TABLE>

WHAT? Did you even read what I posted?

I am getting the car for CHEAP. WAY LESS then 7k. I was wondering if you guys thought it would be possible to purchase the interior pieces (mainly seat and a cluster), the 5 lug suspension and rims and a swap for 7k. From the little amount of research I have done, I believe its doable. I think I can completely restore this car for 11k INCLUDING the cost of the car.
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Old Jul 6, 2008 | 11:21 AM
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Default Re: (Hybrid96EK)

GO JDM with everything it will be cheap all you have to do is IM me and I will source the items for you Also I may be parting out a few Theft recovery Type R's that have body damage. Today is your lucky day. Go ahead and get that shell. ITS YOUR DREAM....
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Old Jul 6, 2008 | 11:29 AM
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Default Re: (DVC2008)

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by DVC2008 &raquo;</TD></TR><TR><TD CLASS="quote">GO JDM with everything it will be cheap all you have to do is IM me and I will source the items for you Also I may be parting out a few Theft recovery Type R's that have body damage. Today is your lucky day. Go ahead and get that shell. ITS YOUR DREAM....</TD></TR></TABLE>

I'm honestly not into the whole "JDM" thing. I like the look of the stock headlights and enjoy reading my speedometer in MPH and not KMH. The only thing I would do that could be "JDM" would be the swap. I'm not exactly looking to "cheap out" on the rebuild... was more or less asking people who I assumed knew more about the cost of the parts if I could do it for 7k or thereabouts. I'm not looking to rebuild it and sell it, but things change in life. If it came down to it, I was wondering if I was going to be able to get my money back in the end. I know these R's sell for quite a bit even this day and age. The salvage title cars even seem to fetch a pretty darn good premium as well.
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Old Jul 6, 2008 | 06:55 PM
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Default Re: (Hybrid96EK)

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by Hybrid96EK &raquo;</TD></TR><TR><TD CLASS="quote">

WHAT? Did you even read what I posted?

I am getting the car for CHEAP. WAY LESS then 7k. I was wondering if you guys thought it would be possible to purchase the interior pieces (mainly seat and a cluster), the 5 lug suspension and rims and a swap for 7k. From the little amount of research I have done, I believe its doable. I think I can completely restore this car for 11k INCLUDING the cost of the car.</TD></TR></TABLE>

Thank goodness you aren't buying a shell for 7grand. Im not too sure how much the interiors go for much these days. Its possible you can restore that Type R for about 11grand. If that R is what you want, then go for it. Good luck

btw. Going JDM doesn't necessarily mean you have to run a JDM cluster with the khm reading on them. LOLz
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Old Jul 6, 2008 | 09:35 PM
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Default Re: (b20_driven)

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by b20_driven &raquo;</TD></TR><TR><TD CLASS="quote">

Thank goodness you aren't buying a shell for 7grand. Im not too sure how much the interiors go for much these days. Its possible you can restore that Type R for about 11grand. If that R is what you want, then go for it. Good luck

btw. Going JDM doesn't necessarily mean you have to run a JDM cluster with the khm reading on them. LOLz</TD></TR></TABLE>

Yeah, no way in hell I would pay THAT much for the shell! Hopefully I will see it next week. Then I will know more about what it really needs. I am sure some small things can wait over time. I also know I need to source an OEM rear spoiler. Prefferably already phoenix yellow.
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Old Jul 6, 2008 | 11:55 PM
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Default Re: (Hybrid96EK)

I wasn't referring to JDM EVERYTHING I was referring to JDM parts that where equivalent to USDM parts that you could buy in direct replacement if need be. For example (engine, transmission,Misc $hit)
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Old Jul 7, 2008 | 01:25 PM
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Default Re: (Hybrid96EK)

I've had quite a few ITRs and done the rebuild thing a few times now.. here's what I can tell you:

whatever you think it will cost to get it right - multiply it by 1.5 at least unless you work for an acura dealer or are some sort of paint/body guy and willing to trade labor.. parts that are legitimate and in good shape are getting harder and harder to find.. it took me quite awhile to find any reasonably priced transmissions for instance..

as far as resale, you're screwed on that particular shell.. theft recovery + incorrect vin tag on the dash is going to KILL resale value.. You wouldn't be able to get $11k for it if it was restored back to 100% OEM USDM condition, much less if you cut some corners.. I NEVER buy salvage title cars for this reason specifically.. cheap up front, but worth a lot less in the end..
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Old Jul 7, 2008 | 01:41 PM
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Default Re: (mstewar)

After some time evaluating my situation and the car, I think I am going to have to pass. Its a clean *** shell and all, but the amount of money and time I will be putting into the car just can't be justified at this point in my life. I also feel like I will be putting way more money into the car then I will ever be able to get back, even at the awesome purchase price. After I get my debt more under control, perhaps I will be able to finance the purchase of a more complete, clean title R.
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