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#1
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Reconstructed Title
I was just wondering about something. I am about to put close to 5k$ into my SVX, (I paid 3500$ for it, and I have already put 1500$ into it) and it has a reconstructed title. If you take care of the car and fix it up nicely to have no mechanical issues, and keep all service records from this point on, how much does a reconstructed title affect the value?
A little more info: It has been 11 years since it was totalled. When it was totalled it had 14k miles on it, it now has 161k miles on it, so it has had many years of use without problems. The reason I am putting so much money into it right now, is because someone didnt take very good care of it and the engine and tranny are shot. Last edited by wannarace928; 02-11-2007 at 10:06 AM. |
#2
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I don't know. It would depend on who wants to buy it and if that makes any difference to them or the state that they live it.
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. Earl .... ... .... ><SVX(*> Subaru Ambassador [COLOR=”silver”]1992 Tri Color L[/COLOR] ~45K (06/91) #2430 1992 Dark Teal LS-L ~184K (05/91) #0739 1992 Claret LS-L ~196K (05/91) #0831 1992 Pearl LS-L ~103K (06/91) #1680 1992 Pearl LS-L ~151K (06/91) #2229 1992 Dark Teal LS ~150K (07/91) #3098 (parts car) 1992 White LS-L ~139K (08/92) #6913 1993 25th AE ~98K (02/93) #164 1993 25th AE ~58K (02/93) #176 1993 25th AE ~107K (02/93) #215 1993 25th AE ~162K (02/93) #223 1994 Laguna Blue Pearl LSi ~124K (1/94) #2408 1994 Laguna Blue Pearl LSi ~144K (10/93) #1484 1994 Laguna Blue Pearl LSi ~68K (10/93) #1525 1994 Barcelona Red LSi ~46K (02/94) #2624 1994 Pearl LSi ~41K (12/93) #1961 1995 Bordeaux Pearl LSi ~70K (02/95) #855 1996 Polo Green LSi ~95K (03/96) #872 1997 Bordeaux Pearl LSi ~55K (08/96) #097 2003 Brilliant Red LS1 Convertible ~29K (04/03) #8951 1999 Magnetic Red LS1 Coupe ~33K (04/99) #6420 My Email | Old Locker | New Locker | Picture of 15 of the 19 |
#3
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for every other car? quite a bit.... for a well mantained svx? not as much.... it would devalue it at most 500 bucks
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- John ASE certified Master Tech W/ X1 Twin City Fleet repair, St. Paul, MN need work done? Have tools will travel
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#4
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To give you an idea, a close friend of mine had someone run into his SVX, totalling it. Because of the recon. title, the insurance only wanted to pay out approx $500.00 for the car, and it was a really nice car. Luckily, a recent bill of sale from when he purchased it allowed negotiation for a higher price.
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1991 SVX L JDM |
#5
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Reconstructed title doesn't mean much to YOU as a long-term owner or to a private buyer IF the repairs have been done properly (and it sounds like they have in your case.) It can, however, be a bargaining chip dealers (retail and wholesale) and insurance companies use to sometimes artificially deflate the value of a car, especially if you're trying to trade one in or get a claim paid.
Having branded titles (flood, reconstructed, salvage, etc.), supposedly keeps the unsuspecting consumer safe from unscrupulous sellers and shoddy repairs, but inconsistent application and enforcement of DMV laws across the country means that a shady dealer can always find a way to turn it to his advantage. Speaking of shoddy repairs, it reminds me of when I used to deliver parts for the local Infiniti dealership. One day, I delivered some body and front suspension parts to a small, dimly-lit shop whose only visible repair equipment consisted of jumbo cans of body filler. The "technicians" there were trying to piece together a totaled M-30, and arguing about which damaged front suspension parts really needed replacement! I felt bad for whoever ended up with that car! |
#6
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Sometimes you feel bad and sometimes you don't. If you don't know how to buy a car, leave it to someone who does. Demand service records, run a magnet around the body, take the car to a trusted mechanic, haggle over the price and be willing to walk away (doesn't work if theres an SVX in front of you ) - buying a car? caveat emptor
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1992 Pearl White/Black Onyx Subaru Alcyone SVX LS-L Donating Forum Member In Good Standing JDM 4.11 Geared Transmission JDM 'ALCYONE' Rear Panel JDM 'BOXER' Eingngine Cover JDM 'SVX' Hood Badge L-Edition Suede Rear Seats |
#7
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I would think the mileage and condition of the vehicle would effect the price more than the registration.......
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HENRY 92 SVX Claret(No More) 12 Camaro ZL1 89 Yamaha FJ1200 07 Yamaha FJR1300 "GO RAVENS" |
#8
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Mine is just that.....
Has a rebuilt title....was able to buy it under market because the buyer at the dealership made a mistake and bought the car at an auction without knowing the status of the title.
They were very glad to see me (not really caring about the title) and having cash to boot. I know what to look for in serious damage, and this seemed to be more of a sideswipe down the drivers side. No frame damage and carfax showed the car was babied up to the point of the accident. Two owner car, stored winters....took the first owner 5 years to put 25000 miles on it. It has 77000 miles on it now and it cleaned up like a 3 year old car. Leather is like new. I am very satisfied with my purchase and because of what I paid for it...can afford a tranny if (when) it goes bad. Already had 17" wheels on it and my 300zTT stock wheels would work for winter (but this is being stored as I speak in a heated garage). If its a really nice car, then buy the car....just don't pay all the money for it. You can always sell a #2 condition car to the right buyer. Dave |
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