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I am getting ready to list my GTUs for sale, but honestly, I do not know how to value the vehicle. I know the rarity, I know the money I have put in, but I have seen so few transactions of GTUs cars, I do not know much about how they are viewed. I've done some searching here, but it has been a mixed bag on value when it comes to the rarity (rare doesn't equal value). A few pics and notes on the car:
3rd owner of the car. Bought it from someone in MN about 7 years ago
roughly 46k original miles; not a rebuilt engine
tires, brakes, and exhaust are new and replaced with OEM parts
car had a professional exterior repaint with factory color in 2018 due to failing clearcoat.
only issues with the car are a leaking oil pan gasket and ac needs to be recharged; both will be addressed before sale.
I'd be curious for any feedback. Not going to hear arguing from me; I am just here to learn!
I agree with the above, I would attempt to list this car on one of the two main auction sites. Buyers with money and appreciation are there. Have every document you might have ready to go, get an excellent photo spread (even if you have to pay), be prepared for 18 requests for a compression test, and be responsive to any questions. Well done cars in excellent shape can do well on these sites, particularly BaT.
The car appears to be in excellent condition overall amd any enthusiast would be thrilled to own the car. Listing the car on an auction website will typically bring the most value. Be patient with the questions with potential buyers and have compression numbers handy. You will have a lot of questions regarding the compression.
Be prepared to offer the vehicle's history and present documents regarding repairs and maintenance. The car should sell fairly quickly and the price can vary depending on the market at the time of sale and the location of the buyer. Some areas will pay more for a clean car. Us north-eastern residents will typically have an easier time paying a premium for a clean car such as yours that has no rust issues. We deal with a lot of rust in Ohio. While those out west can get cleaner cars easier and won't pay as much. There are a lot of factors to consider in a vehicle's price. Your car I feel will easily fetch north of 10k in today's market.
Thanks for the feedback on this. I am hoping to sell either in the forum, CL or some other group as I have used some of the auction sites in the past, and prefer to do something a bit more personal where possible. Every RX-7 listing on BaT or C&B seems to ask for a compression test right away, no matter what lol.
I don't think you'll get away without a compression test regardless of where you post it. Maybe you'll get lucky on CL; but for the amount you'll likely ask (deservedly so), people will want compression numbers.
Based off T2 listings on BAT, I'd say this is a 9-15k car. Before anyone eats me alive, the average T2 sale price on BAT is ~20-30k. So, this is just my guess. Someone may pay much more!
This thing is super nice, I agree with the others to auction it.
Putting a value on this is tough for me because I assume like most people, if I'm putting a good sum of money out for a second gen I'd be looking for a Turbo II. However, with this being the rarest US spec model a collector may pay similar money to a TII and only an auction site will get you that exposure.
I think dj's estimate of $9-15k is reasonable but consider a higher amount possible with the right audience.
I think in any Facebook group you stand a good chance of 95% of comments being that you're asking price is too high because they want to go back to the days of $4k mint FCs. The same may happen if listed here, but the forum receives less traffic now than other sites. Craigslist will require you to carefully screen the inquiries, but you could get lucky. Craigslist is how I found my RX-8 - and it was located 1,300 miles away. I used AutoTempest to search Craigslist ads. If you're not in a rush, a private listing can be a perfectly fine route. I think an auction is the way to go, but there is always agreeing on a reserve or the sites pressuring for no reserve and then you're taking your chances on the amount of traffic in 7 days.
Best of luck and keep us updated whatever you decide. The car appears in amazing condition from those few pictures.
Based off T2 listings on BAT, I'd say this is a 9-15k car. Before anyone eats me alive, the average T2 sale price on BAT is ~20-30k. So, this is just my guess. Someone may pay much more!
its hard tp price FC's because they are so rare, but 9-15k seems reasonable
its hard tp price FC's because they are so rare, but 9-15k seems reasonable
^This - finding ANY FC these days in the kind of condition of the OP's car is like finding a rainbow-farting unicorn in the wild!
I think you'll get your best return on it by selling on one of the auction sites that cater to serious car collectors - BaT or cars & bids. If it were me, I wouldn't take less than $15K for it, which is about where the reserve should be. There is the rarity factor for the GTU-S that is in your favor, in addition to the car's great condition, its unmodified originality and low miles. The professional repaint in the OEM original color should not hurt the value much, as it is common for cars of this vintage to have repaints to fix clear coat issues.
Selling it on Facebook or Craig's List would be a waste of time - too many low-balling idiots & tire-kickers to deal with there, don't bother. If you go the BaT/Cars&Bids route, be prepared to have compression test results handy to provide to bidders, and be responsive to answering lots of questions during the auction run (usually 7 days). Lots of good professional grade photos of the car, in good lighting and all over the car (under hood, underside, interior, etc.) make a big difference here. And make sure the ad/auction copy talks to the rarity factor for the GTU-S.
Thanks for all of the input! The $15-$20k was where my kind went. So few GTUs I’m just not certain how they are thought of. I know I’ve only seen one listed since with about 60k miles and looked rougher but original for $18k. If it sold for that or not I don’t know.
I’ll definitely have compression test numbers handy and all the receipts and photos. Sadly I don’t have the space to keep everything or I would.
I had an MX6 GT 4WS I sold via CL to a collector in AZ, but I definitely got a bunch of dumb responses too.
07-19-23, 01:14 PM
