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Hanger Queen 1988 TII advice

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Old Jul 19, 2005 | 01:53 AM
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Hanger Queen 1988 TII advice

I have a 1988 Turbo II, black with modest painted silver pinstripes (original dealer add-on), 47K miles, completely stock and in nearly mint condition - bought new in Feb. 1989 off the showroom floor. I'm the only owner, and the vehicle has lived under a custom cover in the garage (Los Angeles) most of its life. The engine compartment is like new, the interior has minimal wear, the paint is excellent with a few minor dings (no bashes or scrapes). This car has A/C, fog lights (a rare Mazda RX-7 option), power steering but no anti-lock brakes, a leather 2+2 seat and tonneau cover. Everything works fine and is original. Window sticker and maintenence records & log are complete. Oil change every 2,000 miles, brake fluid and coolant changed on a planned (my) schedule.

This is not a "For Sale" notice. Not today, anyway.

My question is: What is the value of this machine?

I'm looking at another vehicle purchase and my other half has reminded me that if that happens, the RX-7 TII needs to move out. So I'm weighing my options and the value of the TII. While I've looked through this forum (and other sources), there do not seem to be too many comparable (mint) TIIs to judge by.

Your opinions are welcome.
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Old Jul 19, 2005 | 03:29 AM
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I saw a red one in near mint condition go for about 4.5k on ebay. On a good day though it may be able to fetch closer to 6k. I seriously doubt anything more than that.
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Old Jul 19, 2005 | 06:30 AM
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http://www.kbb.com/


-Ted
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Old Jul 19, 2005 | 10:13 AM
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KBB is not going to equal what an enthusiast is going to pay.

AKA - the car is worth more than KBB's 3k private party value
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Old Jul 19, 2005 | 10:20 AM
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A dealer would probably try and sell it for around $4k, but I personally don't think its worth more than $3k

From edmunds.com:
Trade in:$2,351
Private party:$3,146
dealer retail: $4,471
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Old Jul 19, 2005 | 12:09 PM
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yeah its a tuff sell to find someone that wants a mint non modified car and also will pay top dollar for it. For most people would pay above book value because of performance mods already done.
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Old Jul 19, 2005 | 09:26 PM
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Originally Posted by Icemark
A dealer would probably try and sell it for around $4k, but I personally don't think its worth more than $3k

From edmunds.com:
Trade in:$2,351
Private party:$3,146
dealer retail: $4,471
Thanks for the Kelly BB site info. Retail value is $4,820, due to low mileage, private party about $3,370. Not much.
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Old Jul 19, 2005 | 09:35 PM
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My room mate bought an 87 TII with 20 something thousand on it for 7K plus.. I would pay around that if it is that perfect.

If you do try to sell it, don't let people low ball you. I'd give you more then 4k for it

-Justin
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Old Jul 19, 2005 | 11:46 PM
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Sorry to say it will never sell for what it's worth to you, and it will hurt like hell selling it, too. The important thing is to sell it to someone who really appreciates it for it's intrinsic rotary-ness, and that it came from a good home. The margin is +/- $1,000. If you sell, let it go for a fair price to the buyer who appreciates it most.
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Old Jul 19, 2005 | 11:56 PM
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hold out and don't let people low ball you. if its low miles and great shape i am sure people will tell you all kinds of things to get it cheap. guess what though, these cars are becoming rare and a near perfect car is worth a lot more than KBB lists it for.
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Old Jul 20, 2005 | 12:52 AM
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You have pics?
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Old Jul 20, 2005 | 03:51 AM
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"Low ball" is relative.
I would never pay $2,000 for an FC turbo, especially a Zenki one.
The car can be "perfect", but I can pick out the car apart like you wouldn't believe.
The car is approaching 20 years, and Mazda isn't exactly like Toyota.
Electronics fail.
Plastic cracks.
Interiors peel and fade.
Materials wear.
Low mileage engines is not necessarily a good thing with rotary engines.

The KBB numbers are a GUIDE.
It's what Joe Schmoe consumer would pay for the car.
Not ENTHUSIASTS or DRIFTERS who already willing to pay inflated prices.

I dunno if "holding out" is a good idea.
The car is NOT a collectors item in the purest sense.

Like with rules of economics, it's only worth as much as someone is willing to pay you.


-Ted
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Old Jul 20, 2005 | 04:27 AM
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I got my 10ae with 37k miles on it for a lil over 11k. But I was willing to pay the price for such an amazing car =D. I don't regret paying the price, hell I think it was a good price. If I were to buy your car I would pay over 4k, maybe 6 or 7, but that's just me.

leftshoo
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Old Jul 20, 2005 | 08:18 AM
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if the car is in excellent condition, and with the mileage you stated, around here it would easily go for about $9k canadian, so around $7k US.
the thing is you just have to find someone willing to pay for the "unstated" value of the car. but there ARE people out there. it just may take awhile...

some of you southern states people have it good, since most cars are in very good condition since they don't have to go through winter. so really it depends on region also.
another thing to keep in mind is that if there are any little defects at all the price will go down from $7k...

- Aaron
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Old Jul 20, 2005 | 08:02 PM
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Originally Posted by leftshoo
I got my 10ae with 37k miles on it for a lil over 11k.
Yea dude, but you have an AE!, I would give anything to have a 10 AE and a 300ZX 50 AE with less than 40K miles on my garage to drive on weekends!!,

Maybe I would drive the 10 AE a little more than the 50AE though.
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Old Jul 20, 2005 | 08:12 PM
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i guess the answer is you have a nice car, but its also an old car.
47k miles is amazing.
id go with the forum expecting between 4-7k for it.
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Old Jul 20, 2005 | 09:37 PM
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Originally Posted by RETed
"Low ball" is relative.
I would never pay $2,000 for an FC turbo, especially a Zenki one.
The car can be "perfect", but I can pick out the car apart like you wouldn't believe.
The car is approaching 20 years, and Mazda isn't exactly like Toyota.
Electronics fail.
Plastic cracks.
Interiors peel and fade.
Materials wear.
Low mileage engines is not necessarily a good thing with rotary engines.

The KBB numbers are a GUIDE.
It's what Joe Schmoe consumer would pay for the car.
Not ENTHUSIASTS or DRIFTERS who already willing to pay inflated prices.

I dunno if "holding out" is a good idea.
The car is NOT a collectors item in the purest sense.

Like with rules of economics, it's only worth as much as someone is willing to pay you.


-Ted
Great answer, it took alot of mulling over for me to part with $4000 to get my 89 TII with some mods, and I still feel I overpaid a bit. In the end, I was happy with the car, and it was tough to find one in equal condition elsewhere. I could never see spending $6k plus on ANY FC, but like you said, if someone is willing to pay....
If you are looking to get that much, this board is probably the perfect place to try to sell.
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Old Jul 20, 2005 | 09:44 PM
  #18  
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Fog lights..hmm, never heard of that, could this be an '89?? I don't see how the '88 front bumper could fit foglights, unless they are screwed on the grille...anybody has pics of this '88 option?

????
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Old Jul 20, 2005 | 10:31 PM
  #19  
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Originally Posted by RX_AV8TR
Fog lights..hmm, never heard of that, could this be an '89?? I don't see how the '88 front bumper could fit foglights, unless they are screwed on the grille...anybody has pics of this '88 option?

????
Dealer installed option on the S4 models (Mazda Finish Line dealer installed brand)

86 finish line catalog:

Last edited by Icemark; Jul 20, 2005 at 10:34 PM.
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Old Jul 20, 2005 | 10:37 PM
  #20  
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Originally Posted by coldfire
if the car is in excellent condition, and with the mileage you stated, around here it would easily go for about $9k canadian, so around $7k US.
the thing is you just have to find someone willing to pay for the "unstated" value of the car. but there ARE people out there. it just may take awhile...

some of you southern states people have it good, since most cars are in very good condition since they don't have to go through winter. so really it depends on region also.
another thing to keep in mind is that if there are any little defects at all the price will go down from $7k...

- Aaron
I gotta take my 10thAE to Canada when i sell it, you guys must be so desperate you'll pay twice what it is worth.
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Old Jul 20, 2005 | 10:51 PM
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Originally Posted by Icemark
I gotta take my 10thAE to Canada when i sell it, you guys must be so desperate you'll pay twice what it is worth.
We sure are.... they are few and far between arround here. Sad to say but they are worth more because of the fact that there are soo few here in canada.
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Old Jul 21, 2005 | 01:44 AM
  #22  
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Originally Posted by piscorpio
Great answer, it took alot of mulling over for me to part with $4000 to get my 89 TII with some mods, and I still feel I overpaid a bit. In the end, I was happy with the car, and it was tough to find one in equal condition elsewhere. I could never see spending $6k plus on ANY FC, but like you said, if someone is willing to pay....
If you are looking to get that much, this board is probably the perfect place to try to sell.
I disagree with the statement :

"If you are looking to get that much, this board is probably the perfect place to try to sell."

Think about this; a lot of us browse this forum on a consistent basis... Meaning we SEE Rx7's daily. Therefore an illusion is created that leads us to believe that Rx7's are normal, everyday cars. In MY real world they're not. Turbo II Rx7's are extremely rare up in Seattle. I think in the past 4 years or so since I've been looking, I've seen 6 or 7 out on the roads.

Enthusiasts are really the only people who'll try and lowball... Everyone else (that I know) gives my slightly mod'd TII a lot of respect. Because it's fast, rare and good looking.

Some people are willing to pay a fair amount for a car that posesses these three important attributes. I paid $4250 for my stock, 142k mi. TII.

I would only ever by an Rx7 that was a 'fixer-upper' or in bone stock condition.

To the original poster: I think your car is worth $6k-7k or so. I don't know if you can get that much though
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Old Jul 22, 2005 | 11:00 PM
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Good points. My original statement was actually just in relation to asking prices that I have seen in the classified section on this board, to me they tend to be a bit inflated. Perhaps that is to counter your theory of enthusiasts having a tendency to low-ball.

I didn't mean to imply that the board is full of suckers willing to pay top dollar, but I could see in retrospect, that it could be taken that way.

That said, this is a good source of finding an FC for sale. Browsing local classifieds for months, netted me absolutely nothing. I ended up buying an FC from someone on here.
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Old Jul 23, 2005 | 06:49 AM
  #24  
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Originally Posted by OldFogie
I have a 1988 Turbo II, leather 2+2 seat and tonneau cover.
Since when did Turbo 2s have tonneau covers? Am I missing something?

I think the only reason enthusiats low ball is because they know what too look for in the car. I think the only reason you can get away with inflated prices is by selling to the uninformed or people just following the latest trends, (like old 86s Corrollas). It's just like the car I'm thinking about selling I think I'd be lucky to see $2800 for it, when it's not uncommon to see ae86s to sell for more than that. Anyways enough ranting, your car is hard enough to come by, just wait a while and see what people are willing to pay for it and work through the offers, I think if they are really serious buyers they'll still be around after a few months if you do decide to sell it. Hard part's finding the buyer I guess, if it were me I'd probably pay 5 to 6K maybe even a bit more depending on how clean everything is.
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Old Jul 23, 2005 | 01:51 PM
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I think he means the ever rare intact hatch cover.....And I'd pay 5-6 K for it
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