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Thread: Caterham SV Flood Car up for Auction

  1. #21
    Join Date
    Feb 2009
    Location
    NYC
    Posts
    4,372

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    I saw this car in person a few years back and liked the look of it. Immaculate condition and surprisingly the gold panasports work well with the green. I really feel for the owner though - 3 cars and all that flooding through his garage and house - my commiserations if you are reading this.

    I would consider the Caterham at $10k but it is over that now. By the time you add on sales tax and auction premium and transport home and then allow for the unknown in repair work and then you have the $5K+ in value diminution from having a salvage title (although that can be cleaned away in that part of the US too...legal but unethical in my opinion) then for the effort I am not seeing enough of a payoff for the risk. Quite a good project car though.
    Mike
    2010 Caterham CSR with Cosworth 2.3 Duratec
    2018 Caterham 420R with 2L Duratec 210hp at Donington UK
    1975 BMW CSL Group 4 (restoration - engine and dry sump install time)
    1977 Holden Torana "A9X" (awaiting restoration)
    1985 Holden Commodore Group A (restoration - engine rebuild)
    1982 Ferrari 400i (will repaint to original color in 2020)
    1965 Ford Mustang Fastback "Holman Moody"
    1992 Ford Escort RS Cosworth WRC (fettling after long period of storage)
    1990 Range Rover 2 door Classic

  2. #22
    Join Date
    Sep 2013
    Posts
    12

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    Reserve still not met! Salvage pools usually don't have reserves?

  3. #23
    Join Date
    Nov 2013
    Posts
    81

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    I'm actually high bidder on this right now. I'm sure some will question whether this is still a good deal, but I'll actually go higher if I need too (and I might regret it!)

    I am not too worried about the flood damage. I expect to have to replace the engine and ECU. Hoping the trans is ok, but who knows. Some of the gauges are likely to be shot. And the interior might smell like old shrimp. On the other hand, the paint is right and I'm not afraid of doing the work. I just finished a full rebuild of my daily driver 1966 Suburban, and am fabricating new rear suspension for my race car over the holiday break. So I'll need another project soon.

    Heck, if I wanted to make a sensible decision, I'd buy an Accord.

  4. #24
    Join Date
    Feb 2006
    Location
    Erie, CO
    Posts
    4,019

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    I saw that the bid had jumped $5k today. Was someone bidding against you or did you just make a big jump to discourage other bidders?

    Good luck!

  5. #25
    Join Date
    Aug 2011
    Posts
    402

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    Quote Originally Posted by scannon View Post
    I saw that the bid had jumped $5k today. Was someone bidding against you or did you just make a big jump to discourage other bidders?

    Good luck!
    I think I bid it up to either $12,500-$13,500 (can't remember), not bidding further as I bought another unfinished V8 Miata project late yesterday afternoon



    Bill S.

  6. #26
    Join Date
    Nov 2013
    Posts
    81

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    I guess it was Bill and me jumping the bidding up. Maybe someone else too.

    Sounds like me and Bill both have a thing for V8 Mazdas too. My current race car is an '82 RX7 with a Ford 302 in it. Double the stock horsepower, triple the torque.

  7. #27
    Join Date
    Aug 2011
    Posts
    402

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    Quote Originally Posted by JeffersonRaley View Post
    I guess it was Bill and me jumping the bidding up. Maybe someone else too.

    Sounds like me and Bill both have a thing for V8 Mazdas too. My current race car is an '82 RX7 with a Ford 302 in it. Double the stock horsepower, triple the torque.
    V8 Miatas make great winter projects, keeps me busy, and in the spring, I can sell them off for a little extra money to sink in to the Shelby restoration


    Bill S.

  8. #28
    Join Date
    Jul 2010
    Location
    Livermore, Calif.
    Posts
    14

    Default Unseen Danger

    I can just picture what's going on right now inside all those 1" square tubes. Even though the outside of the tubing is either painted or powder coated the inside will corrode until the powder coat is the only thing holding the tube together.

  9. #29
    Join Date
    Sep 2013
    Posts
    12

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    What are the chances of the tubing splitting from the ice if the car was shipping to say Boston where it is about 20 today?

  10. #30
    Join Date
    Sep 2013
    Location
    Torrance, CA
    Posts
    216

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    Quote Originally Posted by RoyzMG View Post
    I can just picture what's going on right now inside all those 1" square tubes. Even though the outside of the tubing is either painted or powder coated the inside will corrode until the powder coat is the only thing holding the tube together.
    It'd have to remain submerged for a long time for this to happen. There may be some mild passivation of the metal, that is it.

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