I think you'll find that varies by state.
salvaged title nsx?? whats it worth
- Thread starter snglturbosupra
- Start date
I think you'll find that varies by state.
If you find the true history (with photos), and do not plan on ever selling it.
Buy it!
Otherwise pass.
Buy it!
Otherwise pass.
why never sell it?
because of the salvage title. sometimes you have to jump through hoops for ins and registration even - not exactly desirable.
in any case, let us know how it turns out. just be very careful, if this isn't the one, there will be more.
28k (to me)
"why never sell it?"
Because 90+% of all NSX buyers will not consider it.
Value, as well as actual integrity will always be in question.
Because 90+% of all NSX buyers will not consider it.
Value, as well as actual integrity will always be in question.
Price? IMHO
1/2 of what similar year/miles a currently selling for. Call your insurance company and see if they even insure NSX's and if they will insure a salvage titled car. Find out exactly what happened to the car and get pics, details and cost of repairs (for now and if you ever decide to sell it). If he doesn't have anything to back up the gate fiasco or says it was not a big deal and trys to brush it under the rug, then run........just like forrest gump
In California, repairs need to excede 85% of their value before they are salvaged (not seeing what state you are in - YMMV). KBB Values a 2002 with 60k at 48-56 thousand (as much as people don't like KBB, it comes into play when trying to determine values for replacement purposes). That being said, the damages would have fallen between 40-47.6 thousand dollars. I'm not sure how big that gate was or how intoxicated he may have been, nor do I want to know.
No one ever plans on selling their cars. Put yourself a few years down the road and you'll get asked the same questions everyone is telling you to ask this guy and you'll need pics, details, etc. If you don't have that info, you may have to keep it for longer than expected or decide not the buy at this point.
1/2 of what similar year/miles a currently selling for. Call your insurance company and see if they even insure NSX's and if they will insure a salvage titled car. Find out exactly what happened to the car and get pics, details and cost of repairs (for now and if you ever decide to sell it). If he doesn't have anything to back up the gate fiasco or says it was not a big deal and trys to brush it under the rug, then run........just like forrest gump
In California, repairs need to excede 85% of their value before they are salvaged (not seeing what state you are in - YMMV). KBB Values a 2002 with 60k at 48-56 thousand (as much as people don't like KBB, it comes into play when trying to determine values for replacement purposes). That being said, the damages would have fallen between 40-47.6 thousand dollars. I'm not sure how big that gate was or how intoxicated he may have been, nor do I want to know.
No one ever plans on selling their cars. Put yourself a few years down the road and you'll get asked the same questions everyone is telling you to ask this guy and you'll need pics, details, etc. If you don't have that info, you may have to keep it for longer than expected or decide not the buy at this point.
Dealership rule. 1/2 of the retail price!!!
yep im hoping to talk to him this weekend. so we will see. i will get all the info on everything. and it has 30-40k miles on it...
see if you can find pics from insurance or seller of damage before the fix. If thats not possible than its anyones guess at the extent of the repair. My car does not have a salvage title but the seller told me that it had been rear ended. Upon closer inspection I found that the front bumper had been bondo repaired. Personaly I would not buy a salvaged title, but if your going to keep the car for ever or make it into a track car than salvaged title doesn't mean a thing. JMHO
What state is this? Not California.
mods please erase started new thred with the correct info
in California, if you buy it from the Insurance Co it will have the Salvage title...as long as there was a payoff on the car.
speaking from experience.
