S2000 Vintage Owners Knowledge, age and life experiences represent the members of the Vintage Owners

How would you feel?

Thread Tools
 
Old Jan 18, 2006 | 03:09 AM
  #1  
klassyblue's Avatar
Thread Starter
Registered User
 
Joined: Feb 2002
Posts: 486
Likes: 0
From: Richmond, VA
Default How would you feel?

My half sister sent me this link. Knowing what a passion we all share for our S2000's I can't imagine this actually happening, how would you feel?


http://www.cbsnews.com/stories/2006/01/17/...C-SearchStories
Reply
Old Jan 18, 2006 | 04:21 AM
  #2  
Lainey's Avatar
20 Year Member
Photoriffic
 
Joined: Feb 2004
Posts: 65,562
Likes: 4,796
From: Smalltown
Default

I saw that on CNN or somewhere. A very unusual story.

I guess the guy will get the car back and have some work to do on it. He probably won't let the car out of his sight again.
Reply
Old Jan 18, 2006 | 04:25 AM
  #3  
matrix's Avatar
Registered User
 
Joined: Nov 2001
Posts: 22,863
Likes: 0
From: Toronto
Default

Not sure if I would want the car back after so long...but it sure would be a surprise getting the call that they finally found my stolen car.
Reply
Old Jan 18, 2006 | 04:28 AM
  #4  
Rdrunner's Avatar
Registered User
 
Joined: Dec 2005
Posts: 681
Likes: 0
From: St Petersburg, FL
Default

Saw that on CNN last nite. Amazing that nobody had tried to title the car all those years. In the picture it looked as though it had been kept in a garage as well. Pretty curious, I hope the police investigators who are trying to back track this tell the story.
Reply
Old Jan 18, 2006 | 04:32 AM
  #5  
The Woman's Avatar
Registered User
 
Joined: Aug 2005
Posts: 8,695
Likes: 0
From: Hampshire
Default

Originally Posted by matrix,Jan 18 2006, 01:25 PM
Not sure if I would want the car back after so long...
Not even if its value has gone up so much? You'd just need to sell it: Bonus!

I would want it after so long even to just sell it on and get some money. Let's be pratical here if there is no sentimental value.

Reply
Old Jan 18, 2006 | 05:08 AM
  #6  
raymo19's Avatar
Registered User
 
Joined: Mar 2005
Posts: 12,471
Likes: 0
From: Flintstone GA
Default

Originally Posted by The Woman,Jan 18 2006, 09:32 AM
Let's be pratical here...

I'd probably try to restore it to all OE - the antithesis of practical.
Reply
Old Jan 18, 2006 | 05:09 AM
  #7  
matrix's Avatar
Registered User
 
Joined: Nov 2001
Posts: 22,863
Likes: 0
From: Toronto
Default

Originally Posted by The Woman,Jan 18 2006, 08:32 AM
Not even if its value has gone up so much? You'd just need to sell it: Bonus!
Yes, but if I sold it I would not want the car ....I would absolutely take it and sell it.
Reply
Old Jan 18, 2006 | 05:12 AM
  #8  
valentine's Avatar
Registered User
20 Year Member
Liked
Loved
Community Favorite
 
Joined: Feb 2003
Posts: 22,620
Likes: 867
From: The (S)Low Country
Default

My +1's 1968 vette was stolen from the parking lot of his employer. We're still waiting for its return.
Reply
Old Jan 18, 2006 | 05:19 AM
  #9  
ralper's Avatar
Gold Member (Premium)
20 Year Member
Community Builder
Liked
Loved
 
Joined: Aug 2002
Posts: 33,189
Likes: 1,646
From: Randolph, NJ
Default

I'm curious about this and I'm not sure how this works, but the owner might lose money on this deal. Think about this:

If he put in an insurance claim 37 years ago when the car was stolen, and received a settlement, does he now have to reimburse the insurance company? If so, does he have to pay interest on the original settlement? If so the value of the original settlement might be more than the value of the car. Remember, the car doesn't have it's original engine or transmission, so the numbers don't match. Moreover, it's been repainted. While in good shape, all of these things diminish the value to collectors. Say the car is worth $30,000 today as is. What is the value of $5,000 (I'm guessing that was the settlement in 1969) received 37 years ago? Especially when you consider how high the interest rates were in the 70s.
Reply
Old Jan 18, 2006 | 05:24 AM
  #10  
Rdrunner's Avatar
Registered User
 
Joined: Dec 2005
Posts: 681
Likes: 0
From: St Petersburg, FL
Default

The article says he did not insure it for theft. Couldn't afford it at the time. So it looks as though he may have dodged that bullet. I think I'd be inclined to restore it too. It would be great fun.
Reply



All times are GMT -8. The time now is 02:54 PM.