NHTSA lists 3 safety recalls covering the 1998 Honda Prelude. Open recalls don't stop you from selling or junking the car, but check your VIN at nhtsa.gov/recalls to see which apply to yours.
Electrical SystemJan 2005 · NHTSA campaign 05V025000
On certain passenger vehicles, the interlock operation of the ignition switch may not function properly, making it possible to turn the ignition key to the "off" position and remove the key without shifting the transmission to park.
Risk: If the driver does not shift to park before removing the key and fails to engage the parking brake, the vehicle could roll and a crash could occur.
Electrical SystemMay 2002 · NHTSA campaign 02V120000
On certain sedans, coupes, hatchbacks, and sport utility vehicles, electrical contacts in the ignition switch can degrade due to the high electrical current passing through the switch when the vehicle is started.
Risk: Worn contacts could cause the engine to stall without warning, increasing the risk of a crash.
SuspensionMay 1999 · NHTSA campaign 99V069000
Vehicle description: passenger vehicles. Certain vehicles were manufactured with ball joints that can prematurely wear out and, in the worse case, the ball joint would separate causing the front suspension to collapse.
Risk: This condition would result in vehicle deceleration and a sudden loss of power. Also steering controllability would be reduced.