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Buying back my old FD / rebuild

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Old Jul 14, 2017 | 06:35 AM
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PA Buying back my old FD / rebuild

Hey all. Sold my old FD about 7 years ago. Looking to possibly buy her back off of the owner! I have some questions.

Its a 93 with about 125k. Sold in 2010 for 11k running. It had most basic bolt ons with the stock twins. It had all of the cooling mods. The body was not perfect but pretty good for a 93. The previous owner drove it about a month and the clutch and motor went. He told me the apex seals went. I told him to prepare for these two issues as the clutch was OEM and car had 309 hp on ORIGINAL motor.

Fastforward. He wants 12k... which I felt was pretty unreasonable for a non-moving car. I called a few places about 2-3 years ago to get an idea what a rebuild would cost. I was getting quotes of about 3-5k roughly. Also, the turbos have never been rebuilt.

I felt the car would be valued around 5-7k. I also indicated I was slightly concerned what else could be wrong now that the car has just been sitting in a garage not running for all these years. I was thinking it would cost be about 15k total when all is said and done to buy the car and address all the issues. What would you value the car at?

Opinions/suggestions would greatly be appreciated!

Thanks
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Old Jul 14, 2017 | 08:28 AM
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To clarify I am looking to buy back my old FD from the guy I sold it to 7 years ago. He wants 12k which I would never pay. 12k for a non-moving RX-7 is way to steep. My thoughts on value were 5-7k. and another 5-7k for the rebuild and other misc items it may need as its been in storage for 7 years.
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Old Jul 14, 2017 | 09:04 AM
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Need much more info:

Specific mods, color, interior color, base, touring or r1

If it's a black r1 in good shape then I'm interested at 12k LOL
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Old Jul 14, 2017 | 09:09 AM
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93 SSM, touring, red interior, intake, exhaust, downpipe, PFC, PFS intercooler, greddy pulley kit and elbow. Basic stuff.
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Old Jul 14, 2017 | 09:21 AM
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Since he knows it's your old car and you may be wanting it for sentimental value that may color the pricing.

That said, you have to decide if THAT PARTICULAR FD is worth the hassle of having a lopsided negotiation.

No way you should pay more than you sold it for to get a non-running car that sounds like it's been sitting for years. Time takes a huge toll - rusty brakes, rusty gas tanks, etc. You're looking at a lot of hidden expenses. May be worth bringing that all up with the guy when you come in with that lowball offer.

Dale
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Old Jul 14, 2017 | 09:25 AM
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Originally Posted by adm56
93 SSM, touring, red interior, intake, exhaust, downpipe, PFC, PFS intercooler, greddy pulley kit and elbow. Basic stuff.
10k minimum. 12k is not at all unreasonable and I suspect he could sell it in 30 days here on this forum IF it's in good shape.

Street values:
PFC 600
PFS SMIC 600
Intake and exhaust 1k
etc.....

Good luck but if you can get it for 10k and the car has been kept in a garage etc.... that's a steal

Values are up considerably from 2010.
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Old Jul 14, 2017 | 09:33 AM
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Seems like you sold the car when prices were about bottoming out.
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Old Jul 14, 2017 | 11:27 AM
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Originally Posted by gmonsen
Here's what appears to be a 13,000 mile R1 for $30,000.

https://www.cars.com/vehicledetail/d...?aff=fbsharapp

YEP!

And that's actually a decent price considering one with 30k miles sold for 32k plus 5% auction fee not long ago. That buyer got hammered though IMO.

If that car was black I'd buy it
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Old Jul 14, 2017 | 12:10 PM
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Originally Posted by gmonsen
Here's what appears to be a 13,000 mile R1 for $30,000.

https://www.cars.com/vehicledetail/d...?aff=fbsharapp
Dang, I keep kicking myself for not buying a stock FD 5 years ago just to flip now.
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Old Jul 14, 2017 | 12:48 PM
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Originally Posted by Littleguy
Dang, I keep kicking myself for not buying a stock FD 5 years ago just to flip now.
I'm still kicking myself over selling my green RS. Now that was an idiotic mistake LOL
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Old Jul 14, 2017 | 11:11 PM
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Originally Posted by Fritz Flynn
Need much more info:

Specific mods, color, interior color, base, touring or r1

If it's a black r1 in good shape then I'm interested at 12k LOL
Wait, you'd do $12k for a black R1 non-runner that's been sitting for 7 years?

When did black R1s get so valuable?

- Guy with a black R1
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Old Jul 15, 2017 | 11:36 AM
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Originally Posted by msilvia
Wait, you'd do $12k for a black R1 non-runner that's been sitting for 7 years?

When did black R1s get so valuable?

- Guy with a black R1
Absolutely, IF it's clean with 5k in good bolt ons.
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Old Jul 15, 2017 | 11:38 AM
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Hahaha, you guys are reminding me about the $25K Ferrari 308 I passed up on.
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Old Jul 15, 2017 | 11:38 AM
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Originally Posted by gmonsen
No doubt the R1's are the most valuable FD's. Really, nice ones are now $30-35,000. I also have what was a 93 BB R1, though little remains of what characterized it in terms of parts and equipment other than the VIN and it only has 50,000 miles.
Most valuable FD is likely a base CW. Then PEP CW, then....CW.....CW.........LOL

***** love a white FD.
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Old Jul 15, 2017 | 11:49 AM
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Originally Posted by Littleguy
Dang, I keep kicking myself for not buying a stock FD 5 years ago just to flip now.
It's not too late and values are only up about 5 to 10k in the FD world.

I just bought a really nice bone stock 94 VR touring with 16k miles.

As long as this economy is acting a fool then so will I LOL.
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Old Jul 15, 2017 | 02:15 PM
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Originally Posted by gmonsen
I'm not talking about the Unicorns. I'm talking about FD's you can actually find and buy.
One day they will all be unicorns and then the values will really get interesting
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Old Jul 16, 2017 | 11:50 AM
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Originally Posted by Fritz Flynn
One day they will all be unicorns and then the values will really get interesting
So will maintaining them with a lack of original parts. I'm building my own aluminum forge.


Working my way up to making rotor housings.

.

Last edited by mdp; Jul 16, 2017 at 12:02 PM.
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Old Jul 17, 2017 | 09:37 AM
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also, summer is a seller's market. It's going to get you higher prices.
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