$17,000 for a 2004 S2000 (salvage title) - Should I?

Thread Tools
 
Search this Thread
 
Old 08-15-2006, 12:01 PM
  #1  
Three Wheelin'
Thread Starter
iTrader: (1)
 
supraken's Avatar
 
Join Date: Apr 2003
Location: NY
Posts: 1,581
Likes: 0
Received 2 Likes on 2 Posts
$17,000 for a 2004 S2000 (salvage title) - Should I?

My friend is selling this car for $17k. It's a 2004 with about 7k miles on it. It had a side impact on the passenger's side, frame was ok, but they didn't do a very good job of fixing it, so the bumpers and the passenger's side door isn't fitting perfectly. I saw pics of the car before it was fixed up, and the impact doesn't seem to be too bad.

Mechanically the car is like new, I drove it and it felt amazing.

Is this a good deal? Or am I going to have headaches dealing with insurance (can I even get full coverage?) and when/if I decide to sell it down the road?

Also a little concerned about using it as my primary car in NY... but I'm in love with the car already!
Old 08-15-2006, 12:13 PM
  #2  
Intermediate
 
civic2000's Avatar
 
Join Date: Oct 2004
Location: West Covina, CA
Age: 49
Posts: 42
Likes: 0
Received 0 Likes on 0 Posts
Personally, I would only get a salvage car is if they do not make them anymore (ie. Supra, RX7, NSX,.....). if they still make them than no one will buy your salvage car. Like any car guy, you'll get bored of the S2000.
Old 08-15-2006, 12:17 PM
  #3  
Yeehaw
 
BEETROOT's Avatar
 
Join Date: Aug 2003
Location: Chandler, Arizona
Age: 44
Posts: 20,972
Received 26 Likes on 5 Posts
I wouldn't touch a salvage car, personally. It will be a bitch for insurance, and a bitch to sell when you are done with it.

and I'd give some serious thought to the s2k as primary car in NY, its not going to do too well in snow.
Old 08-15-2006, 12:21 PM
  #4  
Ciao Pho Eva eva
 
Palayah8ta's Avatar
 
Join Date: Oct 2004
Location: Pasadena, CA
Age: 39
Posts: 4,527
Likes: 0
Received 0 Likes on 0 Posts
Salvage cars u most likely cannot finance.. and the tires, brakes, suspension parts usually need to replaced A LOT..
Old 08-15-2006, 12:24 PM
  #5  
I love cars!
 
fast-tl's Avatar
 
Join Date: Feb 2003
Location: TEXAS
Age: 51
Posts: 3,807
Likes: 0
Received 2 Likes on 1 Post
Wouldn't touch it at all, even if I'd witnessed the accident and been there when he inspected the repair. You say yourself it's still not right. Why pay 17K for something you KNOW isn't right? As was alluded to earlier, what happens when YOU try to sell it? You'll have a lot of 'splaining to do...
Old 08-15-2006, 12:30 PM
  #6  
Senior Moderator
iTrader: (2)
 
NSXNEXT's Avatar
 
Join Date: May 2000
Location: where the weather suits my clothes
Age: 55
Posts: 27,921
Received 1,080 Likes on 661 Posts
How much damage was done? You said it didn't look that bad. How did it wind up with a salvaged title?
Old 08-15-2006, 12:31 PM
  #7  
Suzuka Master
 
SakiGT's Avatar
 
Join Date: Dec 2005
Age: 41
Posts: 5,115
Likes: 0
Received 0 Likes on 0 Posts
I agree. For $17k you can get a whole lot of car with nothing wrong with it... 2001-02s go for that amount often.

Trending Topics

Old 08-15-2006, 12:53 PM
  #8  
Three Wheelin'
Thread Starter
iTrader: (1)
 
supraken's Avatar
 
Join Date: Apr 2003
Location: NY
Posts: 1,581
Likes: 0
Received 2 Likes on 2 Posts
I guess the overall condition, mileage, it's after the model refresh, and the price is tempting...

As for why it was considered totaled, I'm guessing it's due to expensive parts... I should've mentioned this, but my friend (the one who's selling the car) had his mechanic fixed it up at his shop, and they had to replace the front and rear fenders, door, taillamp, windshield, as well as fixing the panels that these things mount onto, and repainting that whole side of the car. Just the parts cost him about $4000. The labor would probably cost an arm and a leg if taken to a local body shop. I also pretty much saw the (slow) progress as the car was fixed in his shop.

So sounds like I shouldn't even consider it huh?

As a side note, some of you mentioned about problems with financing and insurance....something I've always wondered about salvage cars... What are the problems specifically?
Old 08-15-2006, 01:55 PM
  #9  
Senior Moderator
 
Crazy Bimmer's Avatar
 
Join Date: Jan 2001
Location: Chicago Burbs
Age: 43
Posts: 34,937
Received 638 Likes on 276 Posts
Theres gotta be more to the story, even at 4k in parts without labor, that car shouldnt have been totaled out.

Maybe theres somthing hes not telling you.
Old 08-15-2006, 02:21 PM
  #10  
Three Wheelin'
Thread Starter
iTrader: (1)
 
supraken's Avatar
 
Join Date: Apr 2003
Location: NY
Posts: 1,581
Likes: 0
Received 2 Likes on 2 Posts
This is a trusted friend that I've know for many many years actually, so lying/hiding is not a question. He was pretty upfront about the car and told me what wasn't fixed perfectly, and the condition of the car inside out...

but I understand your point... and I really have no idea why it was considered total previously. I was just guessing if you did the repair at any body shop, the price might've been more than half of what the car is worth (keep in mind the $4k he spent was getting parts at dealer's cost).

I don't think he knows why the car was considered total either, as he bought the car from a dealer auction, and then fixed it up.... (he runs a car salvage/repair business)
Old 08-15-2006, 03:24 PM
  #11  
The sizzle in the Steak
 
Moog-Type-S's Avatar
 
Join Date: Nov 2001
Location: Southern California
Posts: 71,436
Received 1,877 Likes on 1,297 Posts
That's not a good price for a salvaged S2000.
Old 08-15-2006, 03:32 PM
  #12  
Drifting
 
SSMTL01's Avatar
 
Join Date: Mar 2005
Location: Alpharetta, GA
Age: 38
Posts: 2,693
Likes: 0
Received 1 Like on 1 Post
get some pics so everybody can see. Check under the car for any shift/discrepencies with the frame. As we have seen in the 2g TL forum- buying salvage is not always bad, you just have to REALLY do your homework.
Old 08-15-2006, 04:07 PM
  #13  
ASM I.S. Design FTW.
iTrader: (1)
 
brianlin87's Avatar
 
Join Date: Apr 2002
Location: The OC
Age: 41
Posts: 6,585
Likes: 0
Received 4 Likes on 3 Posts
salvage? no.

unless you plan on driving the s2000 to the ground.
Old 08-15-2006, 09:33 PM
  #14  
Senior Moderator
 
GreenMonster's Avatar
 
Join Date: Aug 2002
Location: Swansea, MA
Age: 58
Posts: 35,218
Received 15 Likes on 7 Posts
No... I'd never buy a salvaged vehicle...

You can get a 50K mile s2k for like $18-19K so why bother...
Old 08-15-2006, 09:42 PM
  #15  
04 remembrance
 
iamhomin's Avatar
 
Join Date: Jun 2002
Location: NJ
Posts: 5,681
Likes: 0
Received 0 Likes on 0 Posts
It'll bug ya sooner or later buying a salvaged car, and I know how it feels to want the S2000 (I've been in your situation) but waiting for a better deal or looking for an older MY would be your best bet.

Also, the S2000 can be your daily driver, but you definitely need a sedan/suv/minivan on the side because the car isn't practical in any angle. You won't be able to carry no more than a golf bag in the trunk.

Driving in the snow wouldn't be as bad as people state, but snow tires are a MUST, so expect carrying two sets of tires, one for spring/summer/fall, and one for the long winters we get in the metro area.
Old 08-15-2006, 09:49 PM
  #16  
Team Owner
iTrader: (1)
 
Sly Raskal's Avatar
 
Join Date: Sep 2002
Location: Fontana, California
Age: 47
Posts: 30,991
Received 582 Likes on 346 Posts
Originally Posted by Moog-Type-S
That's not a good price for a salvaged S2000.
Originally Posted by NSXNEXT
How much damage was done? You said it didn't look that bad. How did it wind up with a salvaged title?
Originally Posted by SakiGT
I agree. For $17k you can get a whole lot of car with nothing wrong with it... 2001-02s go for that amount often.
x 3
Old 08-15-2006, 10:46 PM
  #17  
Banned
 
F900's Avatar
 
Join Date: Mar 2004
Location: S Florida
Age: 49
Posts: 4,994
Likes: 0
Received 0 Likes on 0 Posts
no i'd pass,....
Old 08-16-2006, 12:38 AM
  #18  
No pics w/thread= garbage
 
Doc Holiday's Avatar
 
Join Date: Jun 2003
Location: In the desert... Cali
Age: 41
Posts: 773
Likes: 0
Received 0 Likes on 0 Posts
Like how others have said.... First go talk to your insurance company, and see if they would even INSURE it, since quite a few companies wont insure salvaged cars. What kinda problems were you wondering when it came to salvaged cars, i.e. insuring and financing? Or problems with the car down the road?

If you plan on keeping it around, even then, I'd offer something less then 17...
Old 08-16-2006, 08:28 AM
  #19  
Earth-bound misfit
 
wndrlst's Avatar
 
Join Date: Mar 2006
Age: 48
Posts: 31,704
Received 608 Likes on 312 Posts
Old 08-16-2006, 12:18 PM
  #20  
Race Director
 
Raheel's Avatar
 
Join Date: Oct 2002
Location: Sacramento, CA
Posts: 11,001
Likes: 0
Received 0 Likes on 0 Posts
Dont S2000's normally go for that much, or a little more, unless you were getting a 2004 S2000 for around $12k or under, I wouldnt even consider it, Pay $2-4k more and get the same car with no salvage, you dont know what could be wrong, and the resale value will never be there
Old 08-16-2006, 12:25 PM
  #21  
Moderator Alumnus
 
SiGGy's Avatar
 
Join Date: Dec 2001
Location: Lenexa, KS
Age: 47
Posts: 9,263
Likes: 0
Received 2 Likes on 2 Posts
pass! You can find a used 2003 for $18k+

www.autotrader.com
www.cars.com
Old 08-16-2006, 01:33 PM
  #22  
Three Wheelin'
Thread Starter
iTrader: (1)
 
supraken's Avatar
 
Join Date: Apr 2003
Location: NY
Posts: 1,581
Likes: 0
Received 2 Likes on 2 Posts
hmmm.... ok..

So I guess the question becomes, at what price will it be wroth it for this salvage title 2004 Suzuka blue S2000 with 7,000 miles on it (and worth the trouble of buying a salvage title car)??

Thanks for the responses, btw...
Old 08-16-2006, 02:44 PM
  #23  
Where is my super sauce?
 
Slimey's Avatar
 
Join Date: Apr 2002
Location: Tick-Tock Tech
Posts: 5,813
Likes: 0
Received 1 Like on 1 Post
Originally Posted by supraken
hmmm.... ok..

So I guess the question becomes, at what price will it be wroth it for this salvage title 2004 Suzuka blue S2000 with 7,000 miles on it (and worth the trouble of buying a salvage title car)??

Thanks for the responses, btw...
$8.72
Old 08-16-2006, 04:46 PM
  #24  
I love cars!
 
fast-tl's Avatar
 
Join Date: Feb 2003
Location: TEXAS
Age: 51
Posts: 3,807
Likes: 0
Received 2 Likes on 1 Post
^^ THAT much? Seriously, let it be someone else's *potential* headache. If it becomes yours, the friendship will suffer.
Old 08-16-2006, 08:37 PM
  #25  
Duck Fuke!
 
jts1207's Avatar
 
Join Date: Mar 2002
Location: Back in NC
Age: 48
Posts: 3,975
Likes: 0
Received 2 Likes on 2 Posts
No
Old 08-17-2006, 04:37 PM
  #26  
Drifting
 
joedokes28's Avatar
 
Join Date: Mar 2002
Location: Phoenix, Az
Age: 48
Posts: 3,391
Received 3 Likes on 3 Posts
Run!
Old 08-17-2006, 05:35 PM
  #27  
Senior Moderator
 
Yumcha's Avatar
 
Join Date: Dec 2001
Posts: 167,645
Received 22,942 Likes on 14,058 Posts
Not a good price...I'd pass.
Old 08-17-2006, 11:10 PM
  #28  
Senior Moderator
 
Shoofin's Avatar
 
Join Date: May 2000
Location: Brooklyn, NY USA
Age: 47
Posts: 17,085
Received 740 Likes on 309 Posts


Old 08-17-2006, 11:20 PM
  #29  
...
 
Edr0e's Avatar
 
Join Date: Mar 2001
Location: Los Angeles, Ca
Posts: 2,916
Likes: 0
Received 0 Likes on 0 Posts
Why would you want to buy a salvaged car? Race car?
Old 08-17-2006, 11:30 PM
  #30  
says "hello to my TLX".
 
Sun Diego CL-S's Avatar
 
Join Date: Feb 2005
Location: San Diego, Ca
Posts: 5,788
Received 17 Likes on 15 Posts
it's unanimous. i know you must have enjoyed the drive and decided to taking this car in to take it off of your friend's hands but, there are better deals to be had.
Old 08-18-2006, 01:30 AM
  #31  
Drifting
 
joedokes28's Avatar
 
Join Date: Mar 2002
Location: Phoenix, Az
Age: 48
Posts: 3,391
Received 3 Likes on 3 Posts
Originally Posted by Edr0e
Why would you want to buy a salvaged car? Race car?
Good call.

No ins. No registration.

Trailer it to the track. Race the wheels of of it. Trailer home.

Repeat
Old 08-18-2006, 09:33 AM
  #32  
Three Wheelin'
Thread Starter
iTrader: (1)
 
supraken's Avatar
 
Join Date: Apr 2003
Location: NY
Posts: 1,581
Likes: 0
Received 2 Likes on 2 Posts
Originally Posted by Sun Diego CL-S
it's unanimous. i know you must have enjoyed the drive and decided to taking this car in to take it off of your friend's hands but, there are better deals to be had.

Yes, I guess it was that drive that got me into the impulse of getting the car. The driving experience was very very good.

But now that it's a week after the drive, and after reading all these posts about salvage cars, I guess I won't be getting it... but might look into a used one in the future...

Right now looking into possibly a new car to replace the old Civic in the family....
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
rp_guy
Member Cars for Sale
9
07-16-2017 07:33 AM
Pham Alvan
2G TL (1999-2003)
38
03-16-2016 09:17 AM
08_UA7_Gr33k
Member Cars for Sale
13
02-11-2016 02:17 PM
jmaxima03
Member Cars for Sale
1
09-27-2015 10:22 AM



Quick Reply: $17,000 for a 2004 S2000 (salvage title) - Should I?



All times are GMT -5. The time now is 04:04 AM.