mrdeeno

Ok, after being stolen and shot up, my car is finally repaired.

If you don't knoow the story - my car was stolen, it was found in Philly shot up but nothing stolen (???). Insurance totalled it but i bought back for $1500. the only damages were windshield, back window, passenger front and rear windows, bullet holes in the body and bumper, bullet holes in the interior.

Besides that, the engine had 50,009 miles on it.

Insurance totalled it because they were concerned with water damage while it was sitting in impound. I tore out the interior and drained all the water, no damage found.

The holes have been patched, the car repainted, the glass replaced, the interior redone (with new navi screen). The only remaining damage is a cut on the drivers seat and a couple puncture holes on the top of the dash.

Since most of the damage was cosmetic and no underlying damage due to water, and the motor is in good condition, I'm thinking of asking $12k for it and willing to settle for $10k. Does this seem like a fair price?

Also, I just received an email from Acura regarding the tranny recall. WTF?? It said this is the 3rd notice. This is the first notice I received!

F900

You got before and after pictures, i'd like to see.

Well whoever buys it, will have to pay you cash, as they will not be able to get a loan out on a totaled/ salvaged car.

Personally i think your asking to much....

03CLSMT6

7k on your best day....

mrdeeno

The reason I'm asking for $10k is that everything is in good condition except for the 4" cut in the seat and the couple holes in the dash top on the passenger side.

There is no frame damage, no engine damage, no water damage, no electrical damage and any minor body damage (bullet holes and glass) was repaired/replaced.

The only reason the insurance company totalled it is because they expected water damage, which there is none.

I bought the car back for $1500 and put in about $3500 to replace/repair it (including labor and towing), so there was not that much damage. The most expensive items were the rear window and the navi, and the repaint (repainted the whole car).

F900

My friend,

Does not matter if there was damage or not, why you think you where able to buy it so cheap.

More power to you, if you can find someone to pay 10K, but with having a salvaged title, 5-7K tops

plus regarding the Tranny warranty to 100K, i do not believe it covers cars with a salvaged title, i'd find out before you sell it.

Shawn S

Yea, totaled cars have a bad rep no matter how well they were fixed.
The car will have ZERO warranty (including Tranny) and the buyer will have no idea if you missed any damaged items.
Even with ripping out the interior, there may still be other problems that may crop up.
Mold, mildew and odors are a few if you just “cleaned it” and didn’t replace the fabric and carpet.
Maybe an electrical connection that is slowly rusting away and will fail in a few weeks.
There are a lot of electronics under the rear parcel shelf and you said it had a broken rear window.

There are people here that are trading 2001’s in and only getting 12-13 grand.
And that’s on cars with a clean title.
I think you’ll be lucky to get 7-8 for it and break even on your money.

Be as honest as possible and throw it on EBAY with a 5K start bid and see what happens.

brianlin87

iTrader: (1)

yeh, you'll be lucky if you get 7K

clswhite

You would get more by parting the car out. The engine and trans will get you the $1500. You should be able to get good dollars for the undamaged parts. My

mrdeeno

Ok, here are the details:

Insurance gave me a little over $19k to total the car. The car was right at 5 years old (bought in Apr. 2000, they totalled it Mar. 2005). So with $19k, I was already ahead and figured that the motor itself would be worth the buyback price of $1500, which is why I bought it back.

I figured the car was only worth $16k at the time (if I was lucky)before the incident, so if I pay the $1500 and spend $3000 fixing it up, I would be able to sell it to make a little more, or still keep it and pretty much have a car for "almost" free.

I'm gonna try to sell it for $9k-10k, but if no go, I might as well just keep it and use it for a winter car when I get the M45 since 340 lbft, rwd, and 19" rims and summer tires don't mix well with snow.

CL-Spell

Who is going to buy a car that is known to have a failed 5AT with no warranty? Like CLSWhite said part the car out. Or do the winter car thing, and then part it out.

Lord Helmet

Keep it for a stunt car! Jump it and stuff!

I wouldn't give you more than $4k for it personaly. You'd be better off keeping it, like you said, it's pretty much free. Insurance ought to be cheap.... No full coverage!

andre

Is this car already "rebuilt"? or still salvage title?

i bought my rebuilt 02 in july 03 for $14K from a dealer (personal friend) with 8K miles. it had been stolen and stripped. it was completely restored (brand new interior, radio, and misc parts) and looked and drove like new...and it still does.

bank financed 100% with no down because it appraised at $22.8K regardless of it being rebuilt (and state farm insured it completely).

coming up on 2 years now without a single problem (knock on wood), but i do not have warranty. extended warranty is about $1000 for 5 year/100K miles.



rebuilts can be a can of worms though so many are weary of buying...but this car (and my car) has no structural or water damage, which is most important.

mrdeeno

The car has been rebuilt and i'm in the process of getting the 's' title converted to an 'r' title. And since I did most of the rebuild i know what problems i will or will not have.

as for the tranny, i still have to take it in for the recall, and as far as i know acura wouldn't know whether this car has a clean title or not unless they do a carfax report on every car they service, which I doubt.

i'm not parting out the car though. i already got rid of the extra floor mats and comptech parts and some miscellaneous others.

mrdeeno

umm,. MOST people out there that haven't owned an acura have no idea about the tranny problem.

and i'm sure MOST 2nd hand acura owners out there with the 5at have no idea about the warranty extension and recall either.

Don't feel like i'm trying to sell this to you guys. I'm putting this car on sale for the GENERAL PUBLIC, people who see an acura with 260hp and want it and will pay $10k for it with an 'R' title because they believe a clean one will be $20k.

mrsteve

iTrader: (1)

Well considering the trade in value on my '02 CL-S with 90k miles on it is about $10,000 (that's with a clean title) I wouldn't expect to get more than $7,000 as others have stated.

Oh and $20,000?!?!?! for an '01 with 50k miles (clean title)? You are nuts.

mrdeeno

Did you read my post at all?

I SAID I'm not trying to sell it to you "educated" guys, and I know a lot of people who said they would buy it for $10k knowing it has a bad title, but they just can't afford it.

6MTpromises

Yes, but it doesnt take much "education" to find out it doesnt have a clean title. All anyone needs is your VIN, and pretty much everyone run VIN checks on cars on the market these days cuz ppl try to get things by "uneducated" ppl.

mrsteve

iTrader: (1)

The "general public" is smart enough to research car prices before they purchase a car. Thus, no one in their right mind will "believe" a clean titled '01 CL is worth $20,000. The Blue Book value for a private party sale on that car (with a CLEAN title) is only $15,000. The NADA value isn't much higher.

mrsteve

iTrader: (1)

You'd make a ton more money just parting the car out.

e30cabrio

iTrader: (6)

I'll trade you my 90 325ic which has 53k original So cal miles and is except for needing a top (not leaking but 15 years old) almost perfect. kbb is 7 and I value it at 10.

mattg

parting it out would be a pain in the ass. just selling off all our aftermarket parts was a pain in the ass.

i wouldn't be surprised if he get's 8-10k if the car is clean. might take a little time though.

mrdeeno

You and I must be speaking of different "general publics".

The general public I am speaking of are the people who change cars twice or more every year because they got a "deal" on the better LOOKING car, even if they are stretching their finances for that 'deal'. It is also the general public that will take a 17% loan with $500 down to buy a NEW hyundai accent because they wanted a new car rather than buying a used car. The "general public" are the ones that will buy a new Saturn without shopping around because they like the way the Saturn looks, even though they can get a lot more features and reliability for the same priced honda or toyota.

This same general public is the lady that lives 2 doors down from my aunt's insurance office, who has an unemployed husband, has 4 kids to feed, is paying $700 / month in rent, is on welfare, but drives around a used Escalade. Do you think she did any "research" before buying it? She bought it because rappers and basketball players drive it. She had a new Malibu before, because she wanted to take advantage of the 0 down commercial she saw on TV, but she didn't qualify for it. She bought the damn car anyway, and 4 months later she traded it in for the Escalade.

Or the guy that lives next to her that drives an ugly orange used IS300 with 20" chromes because he wants the "bling".

This is the general public that I make money from because they pay me rent, even with such low interest rates on new home purchases because they spent most of their money on expensive cars. They live paycheck to paycheck and barely make it every month because they have to live up to a certain "image".

no my friend, you are talking about the "educated" public, the people who research cars and find good deals, keep their cars at least a year, pay their insurance, have good day jobs, doesn't try to "scam the system" most oof the time, and actually care about their credit.

I think I'm asking the wrong crowd about this siince most of the "general" public is not on the internet.

But you guys may be right. If I can't sell it for $10k, I'm just gonna keep it. I'm not parting it out since that's too much work and i don't have the time or desire to anyway.

mrdeeno

dude, I'd go for it but you're in CA and i'm on the other side of the country.

mrsteve

iTrader: (1)

Your definitely not describing the "general" public... or at least the public i'm familiar with. You're talking about low-lifes, people living off the government through programs like HUD, etc. That is NOT the general public. It may be your target market, but it is far from the standard definition of the general public. Good luck with the sale. Again, i'd say $7-10k.

e30cabrio

iTrader: (6)

It's in Scottsdale, Az right now. If you are serious (after we exchange pics) I'll drive it there and have a vacation on the East coast. (Manhattan, Maryland, Atlantic City) etc.

mrdeeno

Dude, I'm in freakin' Allentown, PA, what do you expect?

I don't know if you know the area, but that's the general public I deal with here. 90% of my aunt's customers are this kind of public and that's how she makes money. They transfer cars every other week and have to pay out the ass for insurance.

It's sort of like NETWORKING...where do you think I get most of my tenants from? Some of them are REALLY low-lifes, so I have to change the bell curve around to accomodate them which is why they are the "general" public, and all the normal people like John Q. Citizen is under "educated" public in my book.

mrdeeno

Or we can meet halfway since I spend a lot of tiem in San Antonio, TX.


I'll think about it if I can't find a buyer around here.

e30cabrio

iTrader: (6)

There goes my summer in Manhattan lol if you want I can email you pictures and I'd love to see pics of your car. e30cabriolet@gmail.com is my addy.

mrdeeno

Ok. I am in China right now so can't take any pics of the car until I get back. then I'll email to you. Send me a PM to remind me w/ your email.

e30cabrio

iTrader: (6)

ygpm have a safe trip.

mrdeeno

Thanks, and FYI, i may not be back for 2-3 months.
Chinese people are sloooowww.

e30cabrio

iTrader: (6)

I'll still have the car since I am not actively trying to sell it. Well see where we both are with this when you get back.

erishe69

How bad was the water damage? What level did it get to?
If it got to the engine compartment it doesnt matter what you do to the cosmetics, you are going to be selling a lemon with all the wire rot that is happening. GL

mrdeeno

Theres NO water damage. The water damage the insurance company was worried about was the interior. The car was not in a flood, only sitting in the rain with the windows opened and/or broken.

I pulled all the interior out (back shelf, all seats, carpeting) and dried them thoroughly with heaters, and sucked out all the water that ocllected in the interior.

It's actually interesting, there is a foam insulation under the carpeting, and this stuff does not hold water. When I lifted it up, the water just poured out from the foam.