Does being a R-title going to drop my resale?

[Mr28av8]

I have a 1991 MR2 and got it N/A, and swapped a 93 JDM 2nd gen motor into it with LSD. The car is a R-title, and was showed the pictures when it was wrecked, and it looked as it was only a cracked front bumper and cracked rear. ????? Dont know why they totaled it. Anyways.... if i go to sell the car, would i have to lower the price alot because of the R-title, even though everything is 100%? It became a R-title in i think 2001. Since the front bumper/back was cracked the previous owner put a body kit on the car, and repainted it. he said paint cost $3200 with labor and clear/pearl. car has a bunch of mods cleanly done. So what kind of price drop would i expect because of the "R-title" on the title?

Thanks

[PearlJammzz]

yup, usually a significant drop. Also, body kits drop you a lot too.

[TurtleFactory]

^so do lowering springs.

[Mr2civic817]

anything not OEM on your car basically lowers the value, color change devalues your car alot also

[Slidealliance]

It depends on who's buying your car. If it's someone who is a car enthusiast, you will lose resale value. If its a tuner enthusiast, you will probably increase the value. Also supply and demand. If a kid REALLY wants your car and has the cash, he will buy it for whatever you are selling it for.

Honestly, this is a quick selling tip (not that it's ethical, but may help your resale value) Just don't say anything about it being wrecked or having an R Title unless they ask. A lot of people simply don't know if the car was wrecked or not or how extensive the damage was so they couldn't tell the person buying the car about it even if they wanted to! Good to see you did your homework on it though. Good luck with the sale if you decide to do it.

[Mr2civic817]

Originally Posted by Slidealliance

It depends on who's buying your car. If it's someone who is a car enthusiast, you will lose resale value. If its a tuner enthusiast, you will probably increase the value. Also supply and demand. If a kid REALLY wants your car and has the cash, he will buy it for whatever you are selling it for.

Honestly, this is a quick selling tip (not that it's ethical, but may help your resale value) Just don't say anything about it being wrecked or having an R Title unless they ask. A lot of people simply don't know if the car was wrecked or not or how extensive the damage was so they couldn't tell the person buying the car about it even if they wanted to! Good to see you did your homework on it though. Good luck with the sale if you decide to do it.

Personally no disrespect, thats shaddy of you if you do that.

What goes around Comes around.

[Slidealliance]

Originally Posted by Slidealliance

It depends on who's buying your car. If it's someone who is a car enthusiast, you will lose resale value. If its a tuner enthusiast, you will probably increase the value. Also supply and demand. If a kid REALLY wants your car and has the cash, he will buy it for whatever you are selling it for.

Honestly, this is a quick selling tip (not that it's ethical, but may help your resale value) Just don't say anything about it being wrecked or having an R Title unless they ask. A lot of people simply don't know if the car was wrecked or not or how extensive the damage was so they couldn't tell the person buying the car about it even if they wanted to! Good to see you did your homework on it though. Good luck with the sale if you decide to do it.

Originally Posted by Mr2civic817

Personally no disrespect, thats shaddy of you if you do that.

What goes around Comes around.

[nitrate]

if no one askes dont tell

[Mr2civic817]

Originally Posted by nitrate

if no one askes dont tell

Yea guess its up to the buyers knowledge.

[curvesrgood]

Well I know two MR2 owners to NEVER buy ANYTHING from... thanks for the heads up fellas. Know to look out for you two now... wow. That's just sad man... sad.

And yes a rebuilt/salvage title does generally hurt your value. If you can tell other folks what you said here, and that you didn't note any signifigant damage and that the inner bumper was only cracked, rather than running off some potential buyers they might appreciate your honesty and overlook the damage since it doesn't sound like it was bad. Honesty has its strong points my friend, regarless of what the two "truth evaders" above told you. With that said some people won't buy a formerly wrecked sports car because 8 times out of 10 they're never quite the same afterwords (suspension damage/hits generally are the killer... or frame damage on most cars). From what you said it doesn't sound like your car was damaged badly, and you've got good running gear under it so it should sell just fine on its own merrits. No reason to lie about the car. If someone noticed where there had been damage and you weren't forthcomming about it, there is a good chance they will walk away. I don't buy cars that look to have had any structural damage because I know I can't resell them with a good conscious to someone who doesn't know any better. Around here we call that "a good screwing over" but most people call it what it is... dishonest.

[Slidealliance]

I drive cars until I can't fix them anymore, then part them out. I admit that my car was wrecked but damage was kept under $1k with toyota parts

No one can afford my **** anyway, its too fly for 'mericans

[Mr28av8]

Thanks. Thats exactly what i was told when i got the car. I was shown pictures, and the guy said he still drove the car the way it was. I dont know if the guy had hookups with the insurance company, or what. I asked him why the totaled it, and he didnt know. He replaced the front with a bomex bumper, and the rear with a areoware and that fixed the problem 100%. No structure damamge what-so-ever.

[Servin]

Originally Posted by nitrate

if no one askes dont tell

#1 reason why almost every MR2 breaks down and is viewed as unreliable.

Crappy sellers......

[curvesrgood]

Originally Posted by Mr28av8

Thanks. Thats exactly what i was told when i got the car. I was shown pictures, and the guy said he still drove the car the way it was. I dont know if the guy had hookups with the insurance company, or what. I asked him why the totaled it, and he didnt know. He replaced the front with a bomex bumper, and the rear with a areoware and that fixed the problem 100%. No structure damamge what-so-ever.

Sounds like you should be in pretty good shape then Most people won't freak out over that, and some won't care at all... as long as they know the damage wasn't terrible, a buyer could drive the car for themselves and feel that it is in good order.

[Slidealliance]

my car is in better shape than 75% of non wrecked mr2's because the parts are all new and motor is rebuilt. It has to do with how the owner treated and maintained the car, the age and model have nothing to do with it.

In terms of top dollar, not saying anything until asked is the way to go in most cases with modified cars but I personally would tell them and provide documentation simply because I possess all of it.

In the end, do what you will and get that money son!!!

[nitrate]

since i restore cars. let me tell ya a few things. most early cars. 1930s back did not have a title when they were made. titles were mad up by stats to get tax from cars. so any ways most early cars dont have a damn title. i have sold many cars with no title and people did not give a rats ass abought one. MR2s are not collectable yet. they will be soon. as collectble cars. most collectors dont realy care abought a title on a car they wont drive any ways.ill by any old muscle car with no title all i need is some one to hand cash to. MR2 have mostly all ways been yupy stuppid ****ing peoples cars that cant fix there own zipper. now people are starting to look for them to fix up and or build race cars. a title is a title to a racer. dont matter if its a junk yard title or not. if your going to try and sell a mint MR2 to some ass holy Dr. you might want a clean title own owner braging rights. i just sold a 1918 olds with a 4 cyc mustang motor in it. the first 3 people wanted a title. o well the 4th guy drove it home with 1918 tags on it.

[Slidealliance]

^^^he speaks the truth

[curvesrgood]

Originally Posted by nitrate

since i restore cars. let me tell ya a few things. most early cars. 1930s back did not have a title when they were made. titles were mad up by stats to get tax from cars. so any ways most early cars dont have a damn title. i have sold many cars with no title and people did not give a rats ass abought one. MR2s are not collectable yet. they will be soon. as collectble cars. most collectors dont realy care abought a title on a car they wont drive any ways.ill by any old muscle car with no title all i need is some one to hand cash to. MR2 have mostly all ways been yupy stuppid ****ing peoples cars that cant fix there own zipper. now people are starting to look for them to fix up and or build race cars. a title is a title to a racer. dont matter if its a junk yard title or not. if your going to try and sell a mint MR2 to some ass holy Dr. you might want a clean title own owner braging rights. i just sold a 1918 olds with a 4 cyc mustang motor in it. the first 3 people wanted a title. o well the 4th guy drove it home with 1918 tags on it.

We own a restoration shop and do work on as much as quarter million dollar cars... so I know what I'm talking about and we deal with lots of collectors (most are repeat customers). We also deal with some race teams and have painted a couple race cars and some personal cars for race team members for major racing outfits. That said, your comparison of a 1918 car with a 1991 car blows my mind. I don't believe cars even had titles back in 1918, so I think you're comparing apples and oranges here and I don't get your point. You also seem to contradict yourself by saying some "ass holy Dr." will want a title, but a car collector won't? I personally know a few doctors/car collectors and they'll expect a title regardless (unless we're talking pre-74 cars here), and they drive them once and a while too. Real race cars are different, one guy I know in Georgia had a Tony Stewart championship year race car, one of the Lola F1 race team cars, etc... of course those million dollar cars didn't have titles, they were off-road vehicles ONLY. If you find someone collecting MR2 race cars then maybe your point holds true, but aside from that, you seem to be making up facts to support your sketchy ideas about what is fair when it comes to selling a car (disclosure of damage).

MR2's are not yet what you're trying to claim they are, and this fella is talking about selling his car soon (one would assume, being as he's asking advice here). We aren't guestimating about 20 or 30 years down the road in some fantasy land, we're talking about now, and I'm trying to help give the guy an honest answer. If your feelings were hurt about your sketchy ideas of what is OK when selling a car and what isn't, then get over it, but I think the guy already agreed that he's just going to tell them the truth and that the damage wasn't bad and he should be fine with most private party sales. I wasn't trying to diss you, but simply wanted to point out that your selling advice was downright sad/flat wrong. I gather that what you said in that last post is what you needed to say to feel better after you got called out by several of us for being down with dishonest selling practices... I'm not a moderater so it doesn't matter what I say, but I wouldn't allow junk like that on my board.

Oh, and it is spelled yuppie. I went to school with enough of them to figure out how to spell it.