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MY point of view is less radical and and goes like this. Modded car for me is a risk. Risk, that the owner fucked it up in some way. BUT it also can be a plus, if the mods are "right" for you. A lot of people do stuff to their cars beyond belief and that can indicate they don't relate to machines well. On the other hand, there are enthusiast who mods their cars in a way that clearly say "i know what I am doing", then, its great to know the previous owner cared.
If for example you have 20k car stock, and owner added BBK for 5k and full exhaust you want for another 5k, I have no reason to say that the car is worth 15, or even 20 and I would happy pay for the extras. If on other hand the car is slammed to death with mental wheels than I would not buy at all.
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