Jensen Healey

JP_Furble · Jun 22, 2007

I have an opportunity to buy a '74 Jensen Healey for a very reasonable price. It runs good, and has a relatively rust free body (must have been in Montana or similar climate for its entire life). Problem is it has a salvage title. How much will this affect the value of the car? And if I spent money restoring the vehicle could I expect to recoup my investment on a car with a salvage title?

JP Furble

Tullamore · Jun 22, 2007

It all depends on the state. In Iowa you could get a bonded title for the car and then when you sell the car the next person will be issued a regular title.

Having a salvage title would not mean anything to people in the states that will give you a regular title for the car or in states that do not issue titles for cars that old.

smcmanus · Jun 22, 2007

I think that the monetary value of a JH is so little that the type of title is irrelevant. I say this as a JH owner that truly appreciates this undervalued car.

Have a nice day
Steve

JP_Furble · Jun 22, 2007

Thanks guys. I almost cannot afford NOT to buy the car. According to NADA Collector Car edition the lowest retail value is around $5000 for a car in this condition, and the guy is asking $3900. The title thing really has me spooked for some reason. I suppose I could offer a really low-ball price and if he bites fine...if not, walk away.

JPF

PC · Jun 23, 2007

smcmanus said:
I think that the monetary value of a JH is so little that the type of title is irrelevant. I say this as a JH owner that truly appreciates this undervalued car.

Have a nice day
Steve

Ditto.

(except my name's not Steve /bcforum/images/%%GRAEMLIN_URL%%/grin.gif )

PC.

JamesWilson · Jun 24, 2007

If you're buying the car to use and enjoy yourself for a few years it probably won't matter.

If you're intending to buy it, fix it up a little and re-sell I'd suppose that it might become a factor: as a buyer I'd wonder that there might be somethig wrong about a car that was salvaged and then the previous owner wanted sold off quickly.

Its a great car if the body and engine are healthy, and a relative bargain.

Good luck with it...

frankenstang57 · Jul 11, 2007

I've rebuilt several cars from salvage and IMHO a salvage title is an insurance company's way to permanently devalue a vehicle because they (heaven forbid) lost money on it. I would however find out why it has the title in the first place. I know around here they throw "salvage" on things as simple as theft recoveries with no damage. My best advice would be to have it checked out.

BIBBER · Jul 11, 2007

JP..I wouldn't worry about the "Salvage" in the least. I specifically looked for that when buying my son a car. I found him a repaired 2003 Mitsuishi that had driver side damage. When Nebraska retitles they still put PREVIOUS SALVAGE on the title but my son got a GREAT looking and running car for 1/2 the retail price. and in the case of most BRITISH restore projects they all start out in Salvage condition anyway!.

tony barnhill · Jul 11, 2007

<div class="ubbcode-block"><div class="ubbcode-header">Quote:]Problem is it has a salvage title. How much will this affect the value of the car? And if I spent money restoring the vehicle could I expect to recoup my investment on a car with a salvage title?[/QUOTE]

IMHO, a salvage title devalues the car tremendously - for resale! In these post-Katrina days, everybody thinks 'water damage'...plus there's always the possibility that its been in a serious wreck & has been put back together out of a couple of cars.

Down here, when an insurance company issues a salvage title, it takes a licensed & bonded rebuilder to put it back on the road....& they all cost less than comparable models with good titles.

Were it me, I'd only invest in it if I were going to drive it a few years....I don't think serious collectors would pay top dollar for a salvage title.

But, just my opinion.

JP_Furble · Jul 11, 2007

Very good advice guys...thanks. Still have not made up my mind to buy or not.

JPF

BIBBER · Jul 11, 2007

<div class="ubbcode-block"><div class="ubbcode-header">Quote:]I don't think serious collectors would pay top dollar for a salvage title.
[/QUOTE]

Tony..good points...guess I was coming from the aspect of keeping as a driver or garage dust collector more than restoration and resale...GOOD LUCK on your decision JP!

PC · Jul 12, 2007

tony barnhill said:
...Were it me, I'd only invest in it if I were going to drive it ....

That's the only reason anybody buys a Jensen Healey.

tony barnhill said:
...I don't think serious collectors would pay top dollar for a salvage title.

Ha, ha. Good one. As if a serious collector would ever buy a Jensen Healey.

(And I say that as a proud and devoted owner of one.)

PC.

tony barnhill · Jul 12, 2007

<div class="ubbcode-block"><div class="ubbcode-header">Quote:]As if a serious collector would ever buy a Jensen Healey.[/QUOTE]

Good one...hehehehe....does Jay Leno own a Jensen Healey?

BIBBER · Jul 12, 2007

define "serious"....I just bought a 70 Morris Van and I consider myself SERIOUS...JP, I've seen some very sharp
Jensen's with lots of work and pride in them...you do what you want and most importantly can afford.

BIBBER · Jul 16, 2007

<div class="ubbcode-block"><div class="ubbcode-header">Quote:]Good one...hehehehe....does Jay Leno own a Jensen Healey? [/QUOTE]

Tony...check this out...too funny..JP you have hope!!!

TYPE IN SEARCH CARS "Jensen Healey".

https://app.nbc.com/search/your_garage.php

tony barnhill · Jul 16, 2007

No, that's somebody else car that they've parked on his website.

BIBBER · Jul 16, 2007

yea I know but what's the odds ..a website called Jay Leno's garage with somebodies Jensen ....too funny!!!

bugimike · Jul 17, 2007

You guys do it to me every time /bcforum/images/%%GRAEMLIN_URL%%/devilgrin.gif !!! I get lost on that site and just lose track of time /bcforum/images/%%GRAEMLIN_URL%%/crazy.gif !!

To quote Jeremy: "So much to do...so little time!!!" /bcforum/images/%%GRAEMLIN_URL%%/jester.gif
(Coo-Coo-Kajube!)

BIBBER · Jul 17, 2007

JP...now if you meant to say Nash Healey...ol Jay would
come a knockin!!!

1953 Nash Healey Le Mans Coupe

JP---sorry we never get side tracked here on the BCF...
what did you decide to do regarding the Jensen???

tony barnhill · Jul 17, 2007

Oh, man, that Le Mans Coupe is something else!

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Jensen Healey

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