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take a look at the spreadsheet in my signature
Granted 2012 prices were cheaper than they are now - a guy got his 2005 salvage title for $20,000 and it had 45k miles on it. In 2010 (even cheaper prices than 2012) there was a guy who snagged a really good deal of $18,500 on a 2006 that had a salvage title and only 7k miles on it. Those are the only two salvage titles from the thread "How Much Did You Pay For Your Elise?" but it seems a bit high. I'd hit them at $22k and see where they go from there.
Granted 2012 prices were cheaper than they are now - a guy got his 2005 salvage title for $20,000 and it had 45k miles on it. In 2010 (even cheaper prices than 2012) there was a guy who snagged a really good deal of $18,500 on a 2006 that had a salvage title and only 7k miles on it. Those are the only two salvage titles from the thread "How Much Did You Pay For Your Elise?" but it seems a bit high. I'd hit them at $22k and see where they go from there.