3rd Generation Specific (1993-2002) 1993-2002 Discussion including performance modifications and Technical Support Sections.
Sponsored by:

What is the value of the 7?

Thread Tools
 
Search this Thread
 
Old 03-08-04, 11:28 AM
  #1  
Full Member

Thread Starter
 
FastCat17's Avatar
 
Join Date: Sep 2003
Location: La Junta, Colorado
Posts: 242
Received 0 Likes on 0 Posts
What is the value of the 7?

Will the 3rd Gen keep its value? or will it drop or as the years go on will it gain value? I know corvettes are good about keeping their value, but are FD's like that?
Old 03-08-04, 11:45 AM
  #2  
Lives on the Forum

 
DamonB's Avatar
 
Join Date: Feb 2001
Location: Dallas
Posts: 9,617
Likes: 0
Received 8 Likes on 7 Posts
FD's are not collector cars and will continue to decline in value just like any other car.
Old 03-08-04, 11:48 AM
  #3  
proper motoring

 
pugg57's Avatar
 
Join Date: Jan 2004
Location: USA
Posts: 1,706
Likes: 0
Received 1 Like on 1 Post
i kinda agree with Damon on this, they will continue to decline, but i think they will reach a limit and level off there. there is a rotary following, its just not as "cult" as the corvette or other similar cars. i do, however, think that the FD will never reach that status as its neigh-on impossible to keep a car stock... and that's what collectors go for. you know? the FD has become more of a "to each his own" type of car. there will always be people out there loving them though
Old 03-08-04, 11:49 AM
  #4  
Full Member

Thread Starter
 
FastCat17's Avatar
 
Join Date: Sep 2003
Location: La Junta, Colorado
Posts: 242
Received 0 Likes on 0 Posts
but they are so rare....and you think they would....i guess they will only have true value to the owner then.
Old 03-08-04, 11:49 AM
  #5  
STi Boxer power!

 
Scrapiron7's Avatar
 
Join Date: Apr 2001
Location: Austin, TX
Posts: 2,160
Likes: 0
Received 0 Likes on 0 Posts
With the limited number we saw in the states, and the number that are wrecked and riced out every week, I would guess they will soon level out and maintain their value.
Old 03-08-04, 11:52 AM
  #6  
proper motoring

 
pugg57's Avatar
 
Join Date: Jan 2004
Location: USA
Posts: 1,706
Likes: 0
Received 1 Like on 1 Post
yeah, their rarity (thanks to ricing incidents), to me, will end up being their saving grace. so i issue this challenge to all on RX7club... if you MUST give up your FD, please, FOR THE LOVE OF GOD, don't sell it to anyone who shows up in a civic, or looks as though they are still in high school (i say this with limited but expected exceptions)
Old 03-08-04, 11:56 AM
  #7  
I'm a CF and poop smith

 
skunks's Avatar
 
Join Date: Aug 2001
Location: Hawaii
Posts: 3,958
Likes: 0
Received 1 Like on 1 Post
yeah, unfortunatly our cars are not collector items as far as price is concerned, they are cheaper then new civics in great condition and people litterally use them up. there are loyal followers and owners but unfortunatly, there are just not enuf. that and the fact that most of use bitch about the cost of stuff which vette and other top end car owners would shrug at (3-5k blowen engine... what is there to bitch about, its just a 3-5k new engine. i have seen vette owners slap down 2-3k for a 9 peice CF engine bay overlay kit which covers the battery, air filter, abs ecu, brake master cylinder, injector shroud, ect and not even care.)
Old 03-08-04, 12:16 PM
  #8  
Lives on the Forum

 
DamonB's Avatar
 
Join Date: Feb 2001
Location: Dallas
Posts: 9,617
Likes: 0
Received 8 Likes on 7 Posts
Originally posted by FastCat17
but they are so rare....
So are Yugos. Rare does not equate to market value.
Old 03-08-04, 12:44 PM
  #9  
Dim Sum owns you!

 
NukeGenius's Avatar
 
Join Date: Feb 2003
Location: Charleston, SC
Posts: 2,733
Likes: 0
Received 0 Likes on 0 Posts
Dude, I wish I had a yugo. Those things HAUL!
Old 03-08-04, 01:00 PM
  #10  
Power Trippin'

iTrader: (4)
 
SpeedKing's Avatar
 
Join Date: Nov 2003
Location: Land of The Quick
Posts: 3,129
Received 1 Like on 1 Post
Originally posted by DamonB

So are Yugos. Rare does not equate to market value.
This is not a good example. Yugos and FDs are two totally different cars; the former is generally considered to be a POS, the latter, is a beautifully shaped sports car with (at the time) world-beating performance.

That said, IMO, near mint, stock, unmolested FDs with low miles will always carry a premium over a modded car in average condition car with average miles.
Old 03-08-04, 01:38 PM
  #11  
~17 MPG

iTrader: (2)
 
scotty305's Avatar
 
Join Date: Jan 2004
Location: Bend, OR
Posts: 3,281
Received 224 Likes on 151 Posts
Due to the bodystyle, performance, and relatively small number imported into the US, they should fetch a premium price compared to most other cars sold from 93-95.

But to be considered a classic or collector car? I don't know if any Japanese car will attain that. The closest thing so far is The Toyota 2000GT , and that's probably because of the James Bond film it was featured in.


-scott-
Old 03-08-04, 01:47 PM
  #12  
Lives on the Forum

 
DamonB's Avatar
 
Join Date: Feb 2001
Location: Dallas
Posts: 9,617
Likes: 0
Received 8 Likes on 7 Posts
Originally posted by SpeedKing
That said, IMO, near mint, stock, unmolested FDs with low miles will always carry a premium over a modded car in average condition car with average miles.
That is true of any car.

The used car market does not see anything "special" in the case of the FD. Values will continue to decline just as they have for the last 10 years.
Old 03-08-04, 01:48 PM
  #13  
Power Trippin'

iTrader: (4)
 
SpeedKing's Avatar
 
Join Date: Nov 2003
Location: Land of The Quick
Posts: 3,129
Received 1 Like on 1 Post
Originally posted by scotty305

But to be considered a classic or collector car? I don't know if any Japanese car will attain that. The closest thing so far is The Toyota 2000GT , and that's probably because of the James Bond film it was featured in.
I love that car. Its design was inspired by Jaguar's XK-E (remember those?).
Old 03-08-04, 01:54 PM
  #14  
Power Trippin'

iTrader: (4)
 
SpeedKing's Avatar
 
Join Date: Nov 2003
Location: Land of The Quick
Posts: 3,129
Received 1 Like on 1 Post
Originally posted by DamonB

That is true of any car.

The used car market does not see anything "special" in the case of the FD. Values will continue to decline just as they have for the last 10 years.
Sorry, I should have been more specific. I meant to say, "carry a premium over 'book' value".

Look at the values of CYMs and near mint stock cars with 20K - 30K original miles. More often than not, market value dictates selling prices for them.
Old 03-08-04, 03:40 PM
  #15  
I Need WHEELS ! !

 
EVLFD's Avatar
 
Join Date: Feb 2004
Location: San Diego
Posts: 217
Likes: 0
Received 0 Likes on 0 Posts
well im in auto-financing and 7's actually hold value really really well... I just booked mine out on kelley blue book and mine still has value of 16k. thats pretty good considering i purchased it for 15k 3 years ago.
Old 03-08-04, 03:54 PM
  #16  
DRIVE THE ROTARY SPORTS

iTrader: (5)
 
RotorMotor's Avatar
 
Join Date: May 2003
Location: CA (Bay Area)
Posts: 4,150
Likes: 0
Received 0 Likes on 0 Posts
Originally posted by scotty305
Due to the bodystyle, performance, and relatively small number imported into the US, they should fetch a premium price compared to most other cars sold from 93-95.

But to be considered a classic or collector car? I don't know if any Japanese car will attain that. The closest thing so far is The Toyota 2000GT , and that's probably because of the James Bond film it was featured in.


-scott-
sorry, off topic... but i had never seen at 2000gt before... that car is freakin amaizing.... i have ot add taht to my must have list of cars

as far as the 7 is concerned, if a 4th gen comes out (which probably will happen) the FD will loose a ton of value... even if there is not a 4th gen, there are rough times ahead for the FD...eventually it will rebound since there are so few left though (try and keep your car stock people)... and for the love of god dont crash them !! (but if you do i need your parts)
Old 03-08-04, 07:10 PM
  #17  
3rd motors a charm I hope

 
fastcarfreak's Avatar
 
Join Date: Apr 2003
Location: Central New York
Posts: 2,054
Likes: 0
Received 0 Likes on 0 Posts
personally i dont see any need for the value of my 7, i plan to keep it forever.
Old 03-08-04, 07:11 PM
  #18  
3rd motors a charm I hope

 
fastcarfreak's Avatar
 
Join Date: Apr 2003
Location: Central New York
Posts: 2,054
Likes: 0
Received 0 Likes on 0 Posts
personally i dont see any need for the value of my 7, i plan to keep it forever.
Old 03-08-04, 08:47 PM
  #19  
The Light is my strength.

 
EdwardNorth's Avatar
 
Join Date: Jul 2003
Location: Ferndale, MI
Posts: 535
Likes: 0
Received 0 Likes on 0 Posts
Originally posted by fastcarfreak
personally i dont see any need for the value of my 7, i plan to keep it forever.
Amen to that.
Old 03-08-04, 10:12 PM
  #20  
live fast. die fun.

 
RX-187's Avatar
 
Join Date: Aug 2002
Location: USA
Posts: 1,061
Likes: 0
Received 0 Likes on 0 Posts
Not that I am planning on selling my car but it feels good to know that your car is worth something.
Old 03-08-04, 10:18 PM
  #21  
3rd motors a charm I hope

 
fastcarfreak's Avatar
 
Join Date: Apr 2003
Location: Central New York
Posts: 2,054
Likes: 0
Received 0 Likes on 0 Posts
Originally posted by RX187
Not that I am planning on selling my car but it feels good to know that your car is worth something.
If you dont feel like your car is worth anything, then you should get rid of it.
I feel like my car is worth a hell of a lot more to me then it would be to a person thats in the market for one.
Old 03-08-04, 10:30 PM
  #22  
Racing is life!

iTrader: (2)
 
cpa7man's Avatar
 
Join Date: Jan 2003
Location: Grapevine, TX
Posts: 2,173
Likes: 0
Received 0 Likes on 0 Posts
Originally posted by DamonB
FD's are not collector cars and will continue to decline in value just like any other car.
It is too soon to judge if the FD will become a "collector car". One can only speculate at best.

They will decline in value for the next x years. IMHO in 10-15 years the FD will become a niche "collector car". There will be so few of the cars that SpeedKing describes, that they will appreciate in value. How much is impossible to say.

A Ferrari Enzo it will never be. But it will be much more collectable than a Yugo.
Old 03-08-04, 10:44 PM
  #23  
Senior Member

 
bureau_c's Avatar
 
Join Date: Oct 2002
Location: South Florida
Posts: 617
Likes: 0
Received 0 Likes on 0 Posts
I don't know, maybe its the part of the country I live in, but I'm seeing more people around here interested in buying them than I am seeing good-condition cars for sale. I will very likely sell my care in the near future, and based on blue book value my expectations were fairly low, however I'm seeing a fair amount of interest (without even formally posting an ad anywhere) at significantly higher prices.

Of course money talks, and I don't have cash in hand just yet...but I'd say so far I've been pleasantly surprised.

jds
Old 03-08-04, 11:02 PM
  #24  
I can haz rotary?

iTrader: (1)
 
Jesuscookies's Avatar
 
Join Date: Oct 2002
Location: Southern California
Posts: 3,793
Likes: 0
Received 1 Like on 1 Post
Like many other speciality cars, they will find their niche and hold a relative value.

Also, they will probably never be considered classics to anyone other than the nuts that drive them

A good example of this is the vintage rotaries. They are not considered classic by any stretch of the imagination. I think one of the early Rx's even managed to make it onto the Forbes worst car ever built list. Yet people will pay top dollar for a restored example. I have seen a semi restored RX 3 Sp sell for 9K, and a low mileage 3 sell for 10K. Now this does not make the car a classic, but it does indicate that people will always have a special place in their hearts for them. Translate this rarity over to the FD, and I think that down the road you will have the same type of scenario. That is, very few FD's. A couple more FD' buyers then sellers, and a decent price.

My 2 cents




All times are GMT -5. The time now is 01:55 AM.