SanJo-S

Just curious, how much would you pay for a S2000 w/ Salvage Title???

ricklobo

Depends... if it was from flood damage, I'd pay no more than 10% of current market price...

If it was from an accident, and depending on how badly it was damaged and hot it was repaired, perhaps up to 50%...

Water damage is just about the worst thing that can happen to a car, bike, etc... More often than not, it's only worth it to buy a salvaged flooded car if there's enough value in the "dry" goods (materials / parts off the car that are reasonably impervious to water, moisture, salt..) to pull off the car and remarket as a used piece - i.e., bumpers, hoods, some panels, convertible top, interior panels, etc... nothing electronic or mechanical... those are write-offs...

why ? are you looking at one ?

SanJo-S

Naw, I was just curious on the value of an S2000 with a Salvage Title. My brother owns a shop and he can get the car from the insurance auction. One of his co-worker is working on one. The damage is no that bad. He had to replace a fender, front bumber, and one of the headlight. The hood wasn't damage so the damage is not that bad. Oh also I think he needs to apply bondle on the door too. But you're saying that you would only pay 50% of the value??? Wow, I thought it would worth more than that...
Up to 50% when fixed or not fixed up??

ricklobo

Yup... For example, if I saw a MY2000 S2K go up for auction (already fixed, and fixed to my standards) I wouldn't buy it for more than $13 - $15 K... There's a lot of risk in buying a salvaged automobile, and depending on the state that you reside, it can be a bear to get tags and insurance on a salvaged vehicle. I've bought and repaired totalled motorcycles in the past and had their titles established for road-worthy use... it's a pain in the ass here in Maryland...

Sounds like your example may have had frame damage... Given the fantastic engineering that went into our cars' chassis, suspension, etc, you might want to consider how the car might perform in it's corrected state... and rate how important this is to you vs. the money that can be saved...

check out the undercarriage if you can... look for big clamp marks or "stress" lines in the aluminum / frame railes. if you see anything like that, run...

good luck...

Red_s2k

?? What aluminum frame rails?

ricklobo

I wasn't specific enough... check out any alumimun components of the frame/suspension... aluminum usually bends once, then cracks the second time their integrity is compromised... then look at the frame rails (not aluminum) along the sides of the car...