he disclosed it in this thread. https://www.s2ki.com/forums/index.php?showtopic=669524

but no explanation given.

 

Either you've got a really sharp eye, or you read the thread.

 

The original thread didn't list the rebuilt title. The one on s2ki.com did (which was posted later). I read the original thread and the rebuilt title wasn't mentioned...

 

I happen to know the seller. He wouldnt sell someone a car with GRAVE issues.

 

What do you mean by GRAVE issues? Any car with in an accident bad enough to have a rebuilt title is going to have it's value compromised significantly even if it was repaired perfectly.

The price at $22k isn't a great deal in my book with the information now available on the car. That doesn't mean someone won't buy it and enjoy another 100k miles of driving bliss, but it's a risk they would have to be willing to take on a car with a rebuilt title.

 

i'd say 22k MIGHT be a great price... assuming we had all the info on the car, we could make a good decision. as it is, i wouldn't buy it, since i have no idea why the car has a rebuilt title.

 

I mean it wont leave you stranded. I know all about rebuilt titles and structural damages. I wouldnt have an s2k right now if it wasnt for an accident.

 

I didn't read the entire thread. And I wouldn't have known if someone hadn't linked the pic with the VIN plate.

So yes, you could say that I have a sharp eye.

Warren

 

I've owned like 24-25 cars over the last 20 years and the general rule of thumb in any car community is that regardless of why that a marred title (salvage title/rebuilt title car) is worth roughly half of what it was before. My exposure has been isolated to the sports car market with emphasis on BMW/Porsche/Mercedes.

Insurance companies now are hesitant to write off and total a car for any repair of less than 50% of the value of the car, hell, most insurance companies set that limit at 75% now but a couple still stick with 50%. When I wrecked an M3 back in 2003 it was a 75% limit with a high end car insurance company out in the mid-west. Thats said, for them to have written this car off it had to have been a very expensive repair, at least $15k, probably more like $20-25k, estimate.

You also have to factor in the fact that the car has had a complete respray and color change which also adversely effects the value of the car. I agree with most here that the car is actually going to be a hard sell at $22k. I don't know of any lending institution that'll give a car loan for a salvage/rebuilt title car now that Capital One doesn't do person-to-person car deals anymore.

The seller is limited to selling to someone that has the cash or the means to get a loan without using the car as collateral, those type of people typically are not going to want a car thats been salvaged and repainted.