challer2000

I just found my 7's appraisal slips $15,200 is the most up to date, can you guys belive that. Six years ago $11,800
If I had a scanner it would have been scaned, but you have to settle for a crappy pic.

http://i84.photobucket.com/albums/k3...000/Rx7app.jpg
http://i84.photobucket.com/albums/k3...000/Rx7013.jpg
http://i84.photobucket.com/albums/k3...000/Rx7015.jpg

What do you guys think should I put a body kit on it?

Hades12

Who did the apraisal and when?

Nice looking SA.

OnlyOnThurs

damn 15 grand?~!?!?!? I want to get mine appraised now.

Kentetsu

Where in Michigan?

challer2000

Thelen mazda in Bay City. It was done last year and the one for $11 was done in 98. They told me that every year expect it to jump around 2,500 at the high end.

Any comments on a body kit for it?

Rx-7Doctor

iTrader: (13)

Yes, don't do it. You alter the body and you can expect to see your apprasial go way down.

Rogue_Wulff

If they are giving this kind of appraisal values, I wouldn't mess with a body kit. Unless the kit was high quality, and installed perfectly, you would likely see a major hit on the value. IMO

trochoid

iTrader: (6)

Your apprasial is most likely based on the fact that the car is in pristine, original condition, with some provenance. If you had a body kit installed professionally, I wouldn't be suprised if the appraisal dropped to less than you would pay for the kit install.

The only 7's that will hold and grow in value over the years are the ones that are 100% original, or some of the race cars that have a winning history, like the green/white IMSA factory car, for example.

mikewoodkozar

i am in Kalamazoo, Mi, and i want to get mine appraised. Where did you get the appraisal and how much did it cost? My 84 GSL just hit 55k on the clock, so i am pretty interested.

challer2000

http://www.thinkthelen.com/mazda.htm is the dealer’s web site. You guys are right I shouldn’t put a body kit. I don’t remember how much it was, but it was probably around 25. This is an LS model they told me there is less than 200 on the road that might have some thing to do with value.

They appraised it after the rust spots were touched up. You can tell were it was touched up because it’s a shade darker white then the rest. Honestly what if I get the car painted so it all matches do you guys think this would affect the value of the car.

trochoid

iTrader: (6)

The more oem the car is, the greater the value. If you watch the Barrett- Jackson auctions on Speed TV, you will find some the the well kept, unrestored cars can carry a higher sale price than the ones that have gone through a full frame off/rotisserie restoration.

If anything, find a painter that can do a better job of blending the new with the old, as opposed to a full repaint. Cheaper that route too.

Provenance plays an important role in final price also. Keep every piece of paperwork that you have on the car and store it in a protective folder. The original window sticker, sales contract, owner's manual and anything that came from the dealer when the car was purchased new is a big plus.

Mazdax605

iTrader: (5)

Am I the only one who thinks this appraisal is way too high?I agreee like the others that it is a nice car,but that is just crazy.If that car is worth that much,then my 79 GS is worth $5000 more as it is in better shape than that car.I have every piece of history on my car,right down to the small 1"x3" stock sticker that was on the winshield at the dealers lot,and the bussiness card of the salesman,and I know my car is not worth that much.I know it is a LS,but come on,we all know that car isn't worth that much money.I wish these cars were worth that sort of dough,as I would sell mine in a heart beat at that price,but they are not.

challer2000

I know it hard to believe that an older 7 can be worth that much, but I have 2 writing documents saying that is it. All I need is a scanner and I can show you exactly what it says, instead of that crappy picture of just the appraisal value.

All I can say about the value of this car is documentation talks! To the owner with the 79 Spark Yellow GS get your car apprised you could be surprised or disappointed that my car can be worth more. This 7 owner has been ragging have since I posted what the car is worth.I’m not trying to brag here I just thought some other 7 owners could appreciate the price of and the rarity of this 7.

So any way, does any one live around Bay City MI, so I can find a good place to touch up this car

defakto

If it's a rare enough model and the demand is there, I can see it for sure. From your posts it does sound like it's quite a rare find, especially in that condition with so few on the road.

My guess would be the appraisal value like that is probably aimed more towards insurance companies than it is selling the car though, but could use that to drive up your asking price if you're selling it someday.

challer2000

On the appraisal sheet there is a spot for blue book value and its left blank the $15 is put at resale value spot. What do you think it means is it more for insurance or to drive up resale? I’m leaning towards selling just because insurance is nuts for me with full coverage, PLPD is cheap but I don't want to be sol if some one hits it. What do you guys think I should do with it?
What I would really like to do is take a nice car and customize it. Should I do it with this one or get a another one?

This is my first 7 so I really don't know that much about them.
Anyone live around Bay City, MI just to show me the ropes on it?

JIMMY54

iTrader: (2)

The appraisal can vary alot by who it is done by. For example, When i got my Turbo 1st gen appraised, i was told that a MINT GSL-SE had a high value of $9500 CAD (according to his booklet which he used to decide the value) However since mine was heavily modded, that i could pretty much choose my value aslong as it was within reason. I decided on enough to cover all the mods (14k CAD) however i could have easily broken into the 20k range in his opinion.

tunafish

You paid for an appraisal you got one.
I wish you and your 7 good look and a long life together
But
If that car is totaled or stolen’ you will never see $15,000 sell it and see what someone is willing to pay.
I don’t care what it is appraised at, if it’s wrecked and needs repaired beyond several thousand you will never see it from any insurance company.
I would like to know what your insurance premium is how much the car is insured for and what your deductible is a 20 plus year old car appraised at 15,000 the insurance premiums would be through the roof.
Try and collect on it someday and let me know if I am wrong I will publicly apologize on the forum. I hope you never have to collect but I am Mr. Skeptical.

JIMMY54

iTrader: (2)

Tunafish... Im assuming you are refering to my post..... I never said i would be able to sell the car for 15k (then again, i wouldnt sell it for less!)... It was simply apprasied. However the fact that it was apprasied for that value means that it is also insured for that value. It is in the contract with the insurance company to pay out that much. They would not insure the car without one. You say that the insurance would never pay out, they why do all other classics get apprasied? If there was no benifit, there would be no apprasials! Of course my premium does relect this value. I pay $150 a month, for full coverage. Over the winter the car is stored, but again, a different type of insurance for that.

You also must remeber, 90% of the rx7s out there are in very rough condition, which means that the ones that are in amazing condition will carry a higher value. For example, In my area rx7s are dirt cheap, BUT they are in **** condition aswell. However, i've known for a fact that there are many ppl willing to pay 10k CAD for a mint GSL-SE.

challer2000

Ok the insurance for full coverage is $1,500 every six months with a $500 deductible, For plpd $350 every six months. Keep in mind that I’m in college so I don’t have that much cash floating around. What I don’t get about insurance is one of my friends is two years younger than me he is 19. He has a 04 Oldsmobile intrigue owes around $8000 on is two points away from getting his licensed pulled and for full coverage is only 150 a month. I under stand the 7 is a sports car but I have no points on me license and I have to pay 100 more. And both cars are insured for 15k. It does not bug to drive around with plpd .
Just curious what are you guy paying for insurance?

Ok if you were in my shoes what would you do try to sell it or customize it.


Guys give me a show of hands keep it and customize it, or sell it.

gsl-se addict

iTrader: (3)

That's pretty expensive. Did you try different insurance companies? On my 7 (I had since I was 18), I had it under my mom's insurance. Liability was about $30 a month. I am now 29 and married, and the 7 is still like $20-$25 a month for liability. If you do well in school, you can often get a discount as well. Search around and I bet you can do better.

As far as keeping/selling. I would keep, but not as a daily driver. The miles and wear that you will put on it will drive the value down in a hurry. I would store it if you can (parents house?). Then get a daily. Either a cheaper 7 or a Honda/Toyota, etc. I would not customize it either. That will hurt the value. Keep it clean and stock and just store it. When you get out of college, you can use it as a nice weekend car. Just be sure to take care of it in storage (keep water away, change fluids, start and warmup every couple weeks, etc.). It will be a nice investment and much more fun than most investments. The only problem is that you get so attached to these cars, you will probably never want to sell no matter the value.

Kent

tunafish

There are appraisers because people are willing to pay for them. There are also astrologers because people are willing to pay for them.

If we lived next to each other and my appraiser says $15000 for mine and your aprarzier says 4,000 for the identical car which one would you recommend to the next person.

If the car is appraised at $15000 why can’t you get that amount if you try to sell it?

The rx-7 in my opinion and many others is not a classic car you may want to believe it is and so do I.
I think its one of the greatest sports cars ever built I love mine. I have had it more than half my life but a Classic, not yet. A classic is rare or many cars of the 50s’and 60s muscle cars, corvettes.

I know you didn’t say you could sell for $15,000 but if it’s appraised for that amount why cant you

I mean you and your car or any other forum member no disrcepect. I just don’t think if you had to collect the insurance company would pay I think they would go after the appraiser there has to be some liability on his part what would stop the appraiser from high balling so anyone could collect even more and what figure would the insurance company use to counter balance the appraised amount? If such a figure exists and the insurance company has it why wouldn’t they just inure it for that amount without an appraisal?

Mazdax605

iTrader: (5)

To the thread starter.I hope I didn't come off as an A-hole,about the appraisal of the car,but my point is no matter how rare that car is I don't think any 1st gen RX-7 aside from the race cars is worth that sort of money.Believe me I wish they were,because I have one of the nicest original RX-7's I have ever seen.I also know a guy with a 85 GSL that has 15K original miles on it,and even has the factory tires on it,and he paid $5000 for it about 3-5 years ago.Now I know an 85 GSL isn't as rare as a 80 LS,but I bet the GSL is a more desirable model by most(not me),and the fact that the milesage is crazy low I would maybe bet that the 85 would be worth a bit more than a 80.Don't get me wrong I like the 79-80 models the best,and I wish they were worth that sort of money,because that is the sort of fun I get out of mine,but I am not crazy enough to think my car is worth that much.

As a matter of fact when I found my car last year I asked the good people of the SA22C list what they thought it was worth by my description,and almost everyone on there told me it was a $500-$1000 car at the most.They all thought I was crazy to pay $2000 for it,but let me tell you if you see this car in person you would agree that even if I paid $5000 for it I would have got a great deal.Check out my website on my signature,and you will see how clean it is.I have not done anything to it,and it only has minor dings,and one break in the paint that requires any attention.

I agree with you that documentation is key,and I have everything from my car,even the purchase-and-sales agreement that the original owner signed for a pre-order of the 3rd GS model the dealer got in stock.This is a really early car(not as early as I have seen on here),and is fully documented,and I would be surprised if it appraised at anywhere near $5000.I guess maybe I should go find out what it is worth,by calling my local appraiser.

I say keep the car you will be kicking yourself in the future if you sell it.

JIMMY54

iTrader: (2)

I know what your saying, appraisals can vary alot, but thats just like anything. To someone a rusty car is just a rusty car, while someone else can see it as value. Thats the main reason why no one can ever sell their car for an appraisal value. The only benifit like i said before is that the insurance must pay out that amount, but ofcourse in return you are also paying a higher premium, thats the tradeoff, or else where would there be money to be made! The reason that insurance companies require the apprasial, is since its a 20 year old car, the condition can vary ALOT, unlike a newer car which has many to compare to. I do agree on your point about the highballing of the number, there should be some liability. I assume thats why my apprasier refered to a guide book. And by the way, i didnt mean you any disrespect either!

turbo80cid

$15k......WHAT EVER!!! that’s a 5k car at best.
My dad just had his 1970 Roadrunner 383 4-speed car appraised at 20k

This car is not perfect but it is a nice driver…..and guess what he paid 18k for it,because that’s about what its worth (remember the appraised value)


BTW....nice wheels. those must of set you back $100.

challer2000

I was only showing what it was appraised at. I don’t care if I ever get the 15k for it was appraised at, the only thing that matters is I like the car and I will never give it up.

I get what every one is saying it just like that saying another mans trash is another mans treasure.

And to mazda605 I know you were not trying to sound like an a-hole. Don’t worry about it you were just trying to make a point. Pm me some time and we can talk about 7s. I’m sure you can teach me a few things about them like I said I just started driving it this summer.
And the only guy that is coming off as an a-hole is turbo80cid every else has been helpful.
Thanks for all you info any other commitments pm me and I will also check periodically on this page.
Chris