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Old 05-20-2009, 08:31 AM   #1 (permalink)
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Newb Needs Buying Advice- 01 Electron Blue

Looking to buy a prelude to replace my acura legend coupe. Here are the details:

- 2001 Electron Blue Base Model, 5-speed, 56k miles, all stock exceptainted bottoms, mesh grille, & aftermarket 16's that I will replace with 17'' type-s wheels.
- Owned by retiree for last 7 years, bought in 02 with 33k.
- Has previous salvage history from theft recovery, no accidents. Title is salvage. This happened back in 02.
- Well maintained.
- Mint paint & cloth interior. Cleanest 01 used car I've seen in NYC.


Car would be my new daily driver from Queens - NYC so I need something comfortable & that I want to drive.

If all checks out with the mechanic, what do you think it's worth? I do not want to overpay.

Thank you in advance.

Eric
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Old 05-20-2009, 11:01 AM   #2 (permalink)
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Wow, all the qulifications for a very expensive car. SUCK LOW MILES. SUCH RARE PAINT. You lucky bastard .

Buuuuttttt. There is a salvage title. That affects the value of a car as much as an accident itself. Id say if it had a clear title it was worth $9.5-11K(It is VERY low milage)
However, it has a salvage, so It say now it's probably worth $7.5-8.5K. I know you may not think that is serious, but the thing is, salvage title are very unclear about what went wrong.

The guy could tell you it was stolen, but it may have a bent frame, flood damage, messed up undercairrage, etc. And neither of you will know this stuff unless you apy a body/frame shop to give it a good lookover, which probably isn't cheap. The salvage title is a real downer, but the car sounds very nice, and finding a lude in that color with that low milage, and in as nice condition as you (veagly)said it was in is a hard find, I'd say go for it, but don't give too much, that title really hits value, at least in my opinion.

Good luck.
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Old 05-20-2009, 02:09 PM   #3 (permalink)
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Thank you!

Any more feedback is appreciated.

Eric
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Old 05-20-2009, 02:49 PM   #4 (permalink)
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How much is he asking? Where is it? Any pictures, We'd love to see it.

P.S. You joined a really long time ago, but with only 2 posts? Have you owned a prelude before, or were you thinking about it at one time a while ago? I'm just curious to be honest.
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Old 05-20-2009, 04:22 PM   #5 (permalink)
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It's in Queens, NY. I joined because I always liked the cars. I own an Acura Legend and a Lexus. But, I always lurk and search other sites to stay knowledgable on cars that I like.

Eric
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Old 05-20-2009, 05:46 PM   #6 (permalink)
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I probably wouldn't pay more than $8.5-9k but I need to see some detailed pics for sure. Definitely have it checked out by a reliable mechanic to make sure that there aren't any major problems as a result of the theft. If you're really interested make sure you get a Carfax of the car too. Use New Cars, Used Cars, Blue Book Prices & Car Values - Official Kelley Blue Book Site also to get a feel of how much the car is worth.
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Old 05-20-2009, 06:44 PM   #7 (permalink)
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Ok, I was trying to hold back but there was one other concern I have to go over.

There are usually 3 reasons why a car(lets say for now, a prelude) has low miles.

1) Car was never driven
2) Car was driven short distances
3) Car sat because it wasn't functional

Now I know those ma sound the same, so read ahead to understand.

1) in this case, the car was bought by someone who wanted the car purely for show or just to have, or maybe they had another car for a DD, so they never drove it. It wasn't necessarily neglected, but not driven, and most likely well taken car of, too.
Pros: Good maintenance record, looks good, drives nice, lots of life left.
Cons: Could have sat without proper maintenance for longer periods of time than it should have.

2) In this case, the owner used it as a DD, however, they only drove 1 or 2 miles a day when they drove it. It is still a good thing because it got to warm up every day and be driven like a normal car should.
Pros: Driven and warmed up daily, maintenance was not needed too often so when it did need regular maintenance, it was done more on-time.
Cons: The person may have not spent the correct amount of time to warm it up every day. They may not have been willing to sit 2-4 minutes just to drive the 3-4 minute distance they had to go to work or wherever, meaning abnormal wear. Oil changes may not have been done every 3 months.

3) in this case, the car sat for long periods of time since it didn't run. It still has low miles, but it at one point had something wrong with it. Maybe something serious enough to cause it not to be driven. Cars that aren't warmed up in normal intervals or driven at all for certain periods of time may develop many different issues, but usually don't
Pros: Low miles...and that's about it
Cons: (oh boy, here it comes) As said above, it could have been something serious that caused it to sit, and over sitting could have developed other issues over time. These car are probably not a good idea to buy unless you can get the owner to possibly start the car, or maybe even get it running and driving on the street. Best case scenario would be the got it street legal and ready for a small increase in price.

I know that's a lot, but maybe it'll give you some ideas on questions to ask and stuff to look out for.

Good luck.

Last edited by pIERCE; 05-20-2009 at 06:47 PM.
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Old 05-20-2009, 08:34 PM   #8 (permalink)
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I would be cautious but with the proper investigation(ei, test drive and YOU visually inspect, and ask for YOUR mechanic to inspect it too) this car could turn out to be s teal of a deal on wheels; not all slavage titles are bad, most are but on occasion you get a car that has been stolen or repoed or taken from a drug dealer and auctioned; you need to find out which this car is. My buddy got a supra once because it was involved in a big drug bust and was held for evidence, after the guys trial and conviction the car went to a demo yard where it was suppose to be crushed but when it got there the guy running it bought the slavage title then sold the car to my freind for 5000, there was nothing wrong with it and he still drives it today....so. just double check and do your homework.
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Old 05-20-2009, 09:57 PM   #9 (permalink)
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Thank you again for the helpful replies.

The car has low mileage because it has been used as the "weekend cruiser" for a 65 year old retiree since 2002. Many basic services were done but I do expect to do the routine maintenance (which shouldn't be so bad for a Honda). All routine things were done on time (synthetic oil changes, etc.).

The guy literally knows EVERYTHING about the car as he was a motorcycle mechanic for 40+ years.

How can I post pics? Also, is there a way to know what was done during the salvage? He has one pic from when it was stolen and it was only missing the front and rear bumpers.

Eric
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Old 05-21-2009, 01:53 AM   #10 (permalink)
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lol he knows everything about the car because he was a motorcycle mechanic for 40+years nothing wrong just sound funny this time of day.
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Old 05-21-2009, 01:54 AM   #11 (permalink)
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I wound never consider a salvage title - too many unknowns. Worst one I've seen was the front half of one BMW welded to the back half of another - buyer BEWARE!
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Old 05-21-2009, 02:03 AM   #12 (permalink)
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yeah thats y i never buy salvage title cars. clean title is a plus when u try to sell too
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Old 05-21-2009, 08:14 AM   #13 (permalink)
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Quote:
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lol he knows everything about the car because he was a motorcycle mechanic for 40+years nothing wrong just sound funny this time of day.
Yeah, I guess it does. LOL.

Eric
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Old 05-21-2009, 10:03 AM   #14 (permalink)
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just dont put all you eggs in the wolfs basket...he may allot about the car but definetly get a carfax dude. its the only way to find out.
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Old 05-21-2009, 10:54 AM   #15 (permalink)
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Quote:
Originally Posted by frantinez63 View Post
How can I post pics? Also, is there a way to know what was done during the salvage? He has one pic from when it was stolen and it was only missing the front and rear bumpers.

Eric
About pics, you need to use a host, like photobucket, then get the URL and put it between this: [IMG]URL[/IMG]

About finding out what/why the car is salavaged, I really don't know how to get that, my best guess would be carfax as said before, or maybe police report, if there was one, which there should be because most people don't recover their own stolen cars, they need law-enforcements help for that, hahaha.

Seriously, the car seems to be very nice, the low milage is ery attractive, and the car seems nice. I also like the fact that the guy knows it well, which means it was most-likely maintained correctly.

Don't listen to all these people discouraging you. The only thing you need to do when buying a salvage titled-car, is MAKE SURE TO DO ALL THE HOMEWORK. As long as you find out everything/whatever happened the car, you'll be find, it the surprises that get you skrewed. As long as the car is not a mystery at all, everything is out in the open and clear to you, it is a SAFE BUY. Let NOTHING slip past you!

Good luck

P.S.--This isn't for sure, but I may PM you about a carfax.
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Old 05-21-2009, 11:12 AM   #16 (permalink)
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* Vehicle History
Report™
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Check™
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For Personal Use Only
Rebuilt/Reconstructed Title
A Rebuilt/Reconstructed vehicle is a salvage vehicle that has been repaired and restored to operation. These vehicles are often severely damaged before they are rebuilt and refurbished parts are typically used during reconstruction. In most states, an inspection of the vehicle is required before the vehicle is allowed to return to the road.
Manufacturer Buyback or Lemon
A DMV or a state agency marks an official document or issues a Manufacturer Buyback/Lemon title when a vehicle has been repurchased by the manufacturer. Not all states issue manufacturer buyback titles and the specific requirements for a lemon law vehicle varies by state.
Odometer Rollback
If a more recent odometer reading is less than an older reading, then the odometer may have been tampered with and "rolled back".
Manufacturer Recall
Automobile manufacturers issue recall notices to inform owners of car defects that have come to the manufacturer's attention. Recalls also suggest improvements that can be made to improve the safety of a particular vehicle. Most manufacturer recalls can be repaired at no cost to you.
Basic Warranty
Most manufacturers offer a basic warranty for new vehicles. These warranties vary by manufacturer and typically last for a certain amount of time and/or a set number of miles.
Not Actual Mileage Title
When the seller certifies, under the Federal Odometer Act, that the odometer reading does not reflect the vehicle's actual mileage. This may occur because the odometer was tampered with, broken, or replaced.
Junk Title
A Junk Title is issued on a vehicle damaged to the extent that the cost of repairing the vehicle exceeds ~ 75% of its pre-damage value. This damage threshold may vary by state. The majority of states use this title to indicate that a vehicle is not road worthy and cannot be titled again. Some states treat Junk titles the same as Salvage.
Loss Due To Fire Title
The vehicle sustained major damage due to fire. In most states, fire damage titles are issued when the cost of repairing the vehicle for safe operation exceeds its fair market value.
Exceeds Mechanical Limits
A vehicle with a 5-digit odometer cannot accurately track mileage after 99,999 miles because the odometer rolls over. This title is the result of a seller certifying under the Federal Odometer Act, that the odometer reading EXCEEDS MECHANICAL LIMITS of the odometer.
Structural / Frame Damage
In most cases, a vehicle is inspected for structural or frame damage, depending on the body design, after an accident or other incident. All levels of accidents from minor to severe can cause structural / frame damage and in most cases it can be repaired.
Airbag Deployment
Occurs when the driver, passenger or side airbag has been used or deployed during a crash or other incident. If an airbag has been deployed, it must be replaced by a qualified technician. Have this car inspected by a mechanic prior to purchase.
Salvage Title
A Salvage Title is issued on a vehicle damaged to the extent that the cost of repairing the vehicle exceeds ~ 75% of its pre-damage value. This damage threshold may vary by state. Some states treat Junk titles the same as Salvage but the majority use this title to indicate that a vehicle is not road worthy and cannot be titled again in that state. The following eleven States also use Salvage titles to identify stolen vehicles - AZ, FL, GA, IL, MD, MN, NJ, NM, NY, OK and OR.
Total Loss
An insurance or fleet company declares a vehicle a total loss when a claim exceeds ~ 75% of its pre-damage value or if the vehicle is stolen and not recovered. This damage threshold varies by company. These companies typically take possession and obtain the title. Not all total loss vehicles result in a DMV-reported branded title, like a Salvage or Junk title. See the glossary for more information.
Accident / Damage Indicator
Various events could indicate an accident or damage in a vehicle's history, such as: salvage auction, fire damage, police-reported accident, crash test vehicle, damage disclosure, collision repair facility and automotive recycler records. See the glossary for more information.
Hail Damage Title
The vehicle sustained major damage due to hail. In most states, hail damage titles are issued when the cost of repairing the vehicle for safe operation exceeds its fair market value.
Flood Damage Title
States issue flood titles when a vehicle has been in a flood or has received extensive water damage.
Standard Equipment
Power Windows, Power Steering, Air Conditioning, AM / FM CD, Power Brakes, Power sun / moon roof, Tilt Wheel, 6-digit Odometer
Safety Options
4 wheel ABS, Dual front air bags/active (manual) belts
CARFAX Vehicle History Report
Vehicle Information: 2001 HONDA PRELUDE JHMBB61481C004934 COUPE 2.2L L4 PFI SOHC 16V FRONT WHEEL DRIVE Standard Equipment | Safety Options
Search for other 2001 HONDA PRELUDE vehicles in Dallas, TX

Does not qualify for the CARFAX Buyback Guarantee DOES NOT qualify for the CARFAX Buyback Guarantee
Branded title Branded Titles: Salvage, Not Actual Mileage, Rebuilt
Sold at salvage auction Sold at salvage auction
3 or more previous owners 3 Previous owners
Service information available 2 Service records available
Vehicle history information available 21 Detailed records available
The CARFAX Xpert

Vehicle History Summary
A CARFAX Vehicle History Report is based only on information supplied to CARFAX. Other information about this vehicle, including problems, may not have been reported to CARFAX. Use this report as one important tool, along with a vehicle inspection and test drive, to make a better decision about your next used car.
Tab
Vehicle Ownership History Vehicle Ownership History
The number of owners is estimated by CARFAX Owner One Vehicle History Owner Two Vehicle History Owner Three Vehicle History
Year purchased 2001 2002 2002
Type of owner Personal --- Personal
Estimated length of ownership 1 year 3 months 6 yrs. 6 mo.
Owned in the following states/provinces New York New York New York
Estimated miles driven per year --- --- ---
Last reported odometer reading 6,000 54,041



Vehicle Title History Vehicle Title History
CARFAX guarantees the information in this section Owner One Vehicle History Owner Two Vehicle History Owner Three Vehicle History
Salvage | Junk | Rebuilt
This vehicle does NOT qualify for the CARFAX Buyback Guarantee
Alert!
Problem Found Alert!
Problem Found Alert!
Problem Found
Fire/Flood | Hail Damage | Buyback/Lemon No Problem No Problem No Problem
Not Actual Mileage | Exceeds Mechanical Limits No Problem No Problem Alert!
Problem Found
Alert! Severe problems were reported by a state Department of Motor Vehicles (DMV). This vehicle does not qualify for the CARFAX Buyback Guarantee.



Other Vehicle History Information Other Vehicle History Information
Not all accidents or other issues are reported to CARFAX Owner One Vehicle History Owner Two Vehicle History Owner Three Vehicle History
Total Loss Check
No total loss reported to CARFAX.

No Issues Reported

No Issues Reported

No Issues Reported
Structural / Frame Damage Check
No structural / frame damage reported to CARFAX.

No Issues Reported

No Issues Reported

No Issues Reported
Airbag Deployment Check
No airbag deployment reported to CARFAX.

No Issues Reported

No Issues Reported

No Issues Reported
Odometer Rollback Check
See State DMV-reported Title Problems above.

No Issues Indicated

No Issues Indicated

Alert!
Problem Found
Accident / Damage Check
See State DMV-reported Title Problems above. Vehicle sold at a salvage auction on 05/02/2002.

Alert!
Problem Found

Alert!
Problem Found

Alert!
Problem Found
Manufacturer Recall Check
Check with an authorized Honda dealer for any open recalls.

No Recalls Reported

No Recalls Reported

No Recalls Reported
Basic Warranty Check
Original manufacturer warranty likely voided by manufacturer after vehicle was severely damaged.

Warranty Voided

Warranty Voided

Warranty Voided

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2001 HONDA PRELUDE
Body Style: Coupe
Engine Type: 2.2L L4 PFI SOHC 16V
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Distance: 10.82 mi
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2001 HONDA PRELUDE
Body Style: Coupe
Engine Type: 2.2L L4 PFI SOHC 16V
Free CARFAX Report

Cransh Autos
Distance: 26.31 mi
Contact Dealer
2000 HONDA PRELUDE
Body Style: Coupe
Engine Type: 2.2L L4 PFI DOHC 16V
Free CARFAX Report CARFAX has determined that this vehicle has had one previous owner Vandergriff Acura
Distance: 31.75 mi
Contact Dealer
CARFAX Vehicle History Report


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Vehicle History DetailsGlossary
A CARFAX Vehicle History Report is based only on information supplied to CARFAX. CARFAX checked over 6 billion vehicle history events and found 21 record(s) for this 2001 HONDA PRELUDE (JHMBB61481C004934).


Owner One Vehicle History
Purchased: 2001
Type: Personal
Where: New York
Est. miles/year: ---
Est. length owned: 4/25/01 - 5/2/02
(1 year)


Date: Mileage: Source: Comments:
03/29/2001 5 Service Facility Pre-delivery inspection completed
04/25/2001 New York
Motor Vehicle Dept.
Whitestone, NY Registered as
personal vehicle
04/29/2001 500 Inspection Co.
New York Vehicle inspected
Anti-theft device present
at the time of inspection
06/20/2001 New York
Motor Vehicle Dept.
Whitestone, NY Title issued or updated
First owner reported
Loan or lien reported
12/15/2001 Service Facility Vehicle serviced
02/09/2002 New York
Motor Vehicle Dept. Vehicle reported stolen
02/28/2002 New York
Motor Vehicle Dept. Title issued or updated
Loan or lien reported
Vehicle recovered after theft
05/02/2002 6,000 Salvage Auto Auction
Rock Tavern, NY SALVAGE TITLE/CERTIFICATE ISSUED
Vehicle recovered after theft
Sold at salvage auction

Owner Two Vehicle History
Purchased: 2002
Where: New York
Est. miles/year: ---
Est. length owned: 7/15/02 - 10/28/02
(3 months)


Date: Mileage: Source: Comments:
07/15/2002 New York
Motor Vehicle Dept.
Lake Mary, FL New owner reported
SALVAGE TITLE/CERTIFICATE ISSUED

Owner Three Vehicle History
Purchased: 2002
Type: Personal
Where: New York
Est. miles/year: ---
Est. length owned: 10/28/02 - present
(6 yrs. 6 mo.)


Date: Mileage: Source: Comments:
10/28/2002 6,000 New York
Motor Vehicle Dept.
Rahway, NJ New owner reported
SALVAGE TITLE/CERTIFICATE ISSUED
NOT ACTUAL MILEAGE TITLE ISSUED
REBUILT TITLE ISSUED

CARFAX Advisor™
A NAM title is issued when the owner discloses to a DMV mileage fraud, a broken odometer or that the actual mileage of this vehicle is unknown.

Mileage reported after this reading is potentially unreliable.
01/10/2003 New York
Motor Vehicle Dept.
Ridgewood, NY Registration issued or renewed
Registered as
personal vehicle
Passed safety inspection
01/15/2003 36,700 New York
Inspection Station Passed safety inspection
Passed emissions inspection

View what was inspected
02/07/2003 New York
Motor Vehicle Dept. SALVAGE TITLE/CERTIFICATE ISSUED
NOT ACTUAL MILEAGE TITLE ISSUED
REBUILT TITLE ISSUED
12/23/2003 36,388 New York
Motor Vehicle Dept.
Ridgewood, NY SALVAGE TITLE/CERTIFICATE ISSUED
NOT ACTUAL MILEAGE TITLE ISSUED
REBUILT TITLE ISSUED
Registered as
personal vehicle
Passed safety inspection
02/09/2004 43,044 New York
Inspection Station Passed safety inspection
Passed emissions inspection

View what was inspected
03/26/2005 46,131 New York
Inspection Station Passed safety inspection
Passed emissions inspection

View what was inspected
12/08/2005 New York
Motor Vehicle Dept.
Ridgewood, NY Registration issued or renewed
Registered as
personal vehicle
Passed safety inspection
03/14/2006 48,787 New York
Inspection Station Passed safety inspection
Passed emissions inspection

View what was inspected
04/21/2007 51,410 New York
Inspection Station Passed safety inspection
Passed emissions inspection

View what was inspected
12/10/2007 New York
Motor Vehicle Dept.
Ridgewood, NY Registration issued or renewed
Registered as
personal vehicle
Passed safety inspection
05/01/2008 54,041 New York
Inspection Station Passed safety inspection
Passed emissions inspection

View what was inspected
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CARFAX Vehicle History Report

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Vehicle History Glossary

* Accident / Damage Indicator
CARFAX receives information about accidents in all 50 states, the District of Columbia and Canada. Different information in a vehicle's history can indicate an accident or damage, such as: salvage auction, fire damage, police-reported accident, crash test vehicle, damage disclosure, collision repair facility and automotive recycler records. Not every accident or damage event is reported and not all reported are provided to CARFAX. Details about the accident or damage event when reported to CARFAX (e.g. severity, impact location, airbag deployment) are included on the Vehicle History Report. CARFAX recommends you obtain a vehicle inspection from your dealer or an independent mechanic.
o According to the National Safety Council, Injury Facts, 2007 edition, 7% of the 245 million registered vehicles in the U.S. were involved in an accident in 2005. Over 75% of these were considered minor or moderate.
o CARFAX depends on many sources for its accident / damage data. CARFAX can only report what is in our database on 20.May.2009 23:30:40. New data will result in a change to this report.

* Federal Odometer Act
The Federal Odometer Act requires a seller to disclose the vehicle's mileage on the title when ownership is transferred. Congress enacted this Act to prohibit odometer tampering and to protect consumers from mileage fraud. Under this act, sellers must disclose any issues with the vehicle's odometer. These disclosures translate into the Exceed Mechanical Limits and Not Actual Mileage titles.
* First Owner
When the first owner(s) obtains a title from a Department of Motor Vehicles as proof of ownership.
* New Owner Reported
When a vehicle is sold to a new owner, the Title must be transferred to the new owner(s) at a Department of Motor Vehicles.
* Not Actual Mileage Title
When the seller certifies, under the Federal Odometer Act, that the odometer reading does not reflect the vehicle's actual mileage. This may occur because the odometer was tampered with, broken, or replaced.
* Ownership History
CARFAX defines an owner as an individual or business that possesses and uses a vehicle. Not all title transactions represent changes in ownership. To provide estimated number of owners, CARFAX proprietary technology analyzes all the events in a vehicle history. Estimated ownership is available for vehicles manufactured after 1994 and titled solely in the US including Puerto Rico. Dealers sometimes opt to take ownership of a vehicle and are required to in the following states: Maine, Massachusetts, New Jersey, Ohio, Oklahoma, Pennsylvania and South Dakota. Please consider this as you review a vehicle's estimated ownership history.
* Rebuilt/Reconstructed Title
A Rebuilt/Reconstructed vehicle is a salvage vehicle that has been repaired and restored to operation. These vehicles are often severely damaged before they are rebuilt and refurbished parts are typically used during reconstruction. In most states, an inspection of the vehicle is required before the vehicle is allowed to return to the road.
* Salvage Auction Record
Most vehicles sold at Salvage auctions were declared totaled by insurance companies. Most of these vehicles have sustained significant damage but there are some exceptions. For instance, recovered stolen vehicles are often declared a total loss regardless of the actual damage. Rebuilders and Recyclers purchase these vehicles at auction with intentions to rebuild them or dismantle them for parts.
* Salvage Title
A Salvage Title is issued on a vehicle damaged to the extent that the cost of repairing the vehicle exceeds ~ 75% of its pre-damage value. This damage threshold may vary by state. Some states treat Junk titles the same as Salvage but the majority use this title to indicate that a vehicle is not road worthy and cannot be titled again in that state. The following eleven states also use Salvage titles to identify stolen vehicles - AZ, FL, GA, IL, MD, MN, NJ, NM, NY, OK and OR.
* Title Issued
A state issues a title to provide a vehicle owner with proof of ownership. Each title has a unique number. Each title or registration record on a CARFAX report does not necessarily indicate a change in ownership. In Canada, a registration and bill of sale are used as proof of ownership.

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