How to value your FD
08-29-19, 04:52 PM
#2627
Looking at just SSM, this one might be expensive compare to the one sold in March, but maybe cheap/just right compare to the one sold on BaT last fall? You decide
Definitely expensive compare to the one Fritz just sold plus a few others on this 130k+ list.
08-30-19, 08:35 AM
#2629
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This list of high mileage cars is ridiculous. Not sure where these sales have come from but based on the cars I've seen selling with low miles (say under 75k), a lot of people are buying the wrong cars.
Lets just say the old saying you get what you pay for applies to the current FD market.
Spend the extra 10k and get so much more.
08-30-19, 09:22 AM
#2631
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Car with 39k sells for 23270 (decent deal) https://bringatrailer.com/listing/1993-mazda-rx-7-46/
Car with 180k sells for 26750 (possibly the worst FD deal I've ever seen) https://bringatrailer.com/listing/1993-mazda-rx-7-40/
ONLY on BAT......
08-30-19, 09:38 AM
#2632
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I guess that helps a little since cars rarely sell for list but how the hell does this happen.
Car with 39k sells for 23270 (decent deal) https://bringatrailer.com/listing/1993-mazda-rx-7-46/
Car with 180k sells for 26750 (possibly the worst FD deal I've ever seen) https://bringatrailer.com/listing/1993-mazda-rx-7-40/
ONLY on BAT......
Car with 39k sells for 23270 (decent deal) https://bringatrailer.com/listing/1993-mazda-rx-7-46/
Car with 180k sells for 26750 (possibly the worst FD deal I've ever seen) https://bringatrailer.com/listing/1993-mazda-rx-7-40/
ONLY on BAT......
08-30-19, 09:47 AM
#2633
Yup they usually don't, that's why I added the list price and sale price. You can see if the seller lower the asking price during its time on the market, and the time on market help judge the likelihood of the car being sold close to asking price. It's still a guess, but I think we can make a more logical guess, car sold within days most likely won't drop 3k below asking price etc. etc.
That 39k BB/tan was a decent deal indeed, don't forget a SSM/black w/46k sold for $23500 just few months before, so the price is right along the line where it should be at that time (2018). Now if we look at the BB/tan that has 65k and bad 5th synchro that sold for close to $23k last month, out of the sudden the first two looks like a really really good deal.
That $26750 180k SSM is probably another freak sale, we'll see some of those now and then. He's buying the color combo, pro of being 1 owner vehicle and almost new engine.
That 39k BB/tan was a decent deal indeed, don't forget a SSM/black w/46k sold for $23500 just few months before, so the price is right along the line where it should be at that time (2018). Now if we look at the BB/tan that has 65k and bad 5th synchro that sold for close to $23k last month, out of the sudden the first two looks like a really really good deal.
That $26750 180k SSM is probably another freak sale, we'll see some of those now and then. He's buying the color combo, pro of being 1 owner vehicle and almost new engine.
08-30-19, 10:33 AM
#2636
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08-30-19, 01:11 PM
#2637
Ban Peak
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Lets see what goes on with this one. SSM/Black '93 touring with 172k. It's a donated vehicle and the listing says it runs...how well though? The auction ends on 9/3/19 and it's already at $8100.00
https://www.copart.com/lot/45583999
https://www.copart.com/lot/45583999
08-31-19, 10:32 AM
#2638
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Lets see what goes on with this one. SSM/Black '93 touring with 172k. It's a donated vehicle and the listing says it runs...how well though? The auction ends on 9/3/19 and it's already at $8100.00
https://www.copart.com/lot/45583999
https://www.copart.com/lot/45583999
08-31-19, 10:33 AM
#2639
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Yup they usually don't, that's why I added the list price and sale price. You can see if the seller lower the asking price during its time on the market, and the time on market help judge the likelihood of the car being sold close to asking price. It's still a guess, but I think we can make a more logical guess, car sold within days most likely won't drop 3k below asking price etc. etc.
That 39k BB/tan was a decent deal indeed, don't forget a SSM/black w/46k sold for $23500 just few months before, so the price is right along the line where it should be at that time (2018). Now if we look at the BB/tan that has 65k and bad 5th synchro that sold for close to $23k last month, out of the sudden the first two looks like a really really good deal.
That $26750 180k SSM is probably another freak sale, we'll see some of those now and then. He's buying the color combo, pro of being 1 owner vehicle and almost new engine.
That 39k BB/tan was a decent deal indeed, don't forget a SSM/black w/46k sold for $23500 just few months before, so the price is right along the line where it should be at that time (2018). Now if we look at the BB/tan that has 65k and bad 5th synchro that sold for close to $23k last month, out of the sudden the first two looks like a really really good deal.
That $26750 180k SSM is probably another freak sale, we'll see some of those now and then. He's buying the color combo, pro of being 1 owner vehicle and almost new engine.
No doubt there will always be the strange sales. 28k for an FD (totally stock) with 180k miles should be off the charts for some time.
09-03-19, 08:14 AM
#2643
That's a good quick summary of the pricing situation. This again raises the question many have been pondering lately - what's the risk of a long term decline in car collecting, measured in these average prices? You've got generational difference in preferences for cars, and generational differences in wealth due to financial boat anchors like student loans. Have we hit "peak car collecting" ?
I'm one of the lucky ones in my generation (early 30s) in terms of getting out of debt and making a decent living. When you owe $50k in student loans and make $50k a year, what are the odds you are going to pursue anything more than the modestly priced collectibles ?
I'm one of the lucky ones in my generation (early 30s) in terms of getting out of debt and making a decent living. When you owe $50k in student loans and make $50k a year, what are the odds you are going to pursue anything more than the modestly priced collectibles ?
09-03-19, 11:48 AM
#2644
Full Member
Hagerty just did one of their tri-annual pricing updates:
Category 1: $64,400
Category 2: $41,100
Category 3: $25,600
Category 4: $17,800
They seem to be a bit behind the market right now. It definitely feels like it's slowing.
Category 1: $64,400
Category 2: $41,100
Category 3: $25,600
Category 4: $17,800
They seem to be a bit behind the market right now. It definitely feels like it's slowing.
09-03-19, 02:28 PM
#2645
Ban Peak
iTrader: (49)
Lets see what goes on with this one. SSM/Black '93 touring with 172k. It's a donated vehicle and the listing says it runs...how well though? The auction ends on 9/3/19 and it's already at $8100.00
https://www.copart.com/lot/45583999
https://www.copart.com/lot/45583999
09-03-19, 10:08 PM
#2646
LS1 swapped FD on BAT sitting at 23k with 2 days left. Looks like the swap was well done.
https://bringatrailer.com/listing/1993-mazda-rx-7-79/
https://bringatrailer.com/listing/1993-mazda-rx-7-79/
09-04-19, 06:05 AM
#2647
Yes but isn't that mostly seasonal? I bet Hagerty has a large amount of data on seasonal impacts of car values across many many models. They must have a preferred period during which they average. They may not be behind the market, but intentionally showing pricing during peak season. For all we know, come June of 2020 those prices will be a good indicator of how the market is, assuming the economy is still steady.
09-04-19, 10:23 AM
#2648
Originally Posted by Molotovman
Plot twist:
How much will this 50k mile garage queen ‘94 SSM/Red Touring sell for with a salvage title if it goes to bid.... and will Fritz, Jim, or Myself buy it?!
https://www.iaai.com/Vehicle?itemID=...oadRecent=True
How much did this sell for? Definitely looked like a great parts car.
Plot twist:
How much will this 50k mile garage queen ‘94 SSM/Red Touring sell for with a salvage title if it goes to bid.... and will Fritz, Jim, or Myself buy it?!
https://www.iaai.com/Vehicle?itemID=...oadRecent=True
How much did this sell for? Definitely looked like a great parts car.
Last edited by TG888; 09-04-19 at 10:25 AM.
09-04-19, 11:01 AM
#2649
Senior Member
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That's a good quick summary of the pricing situation. This again raises the question many have been pondering lately - what's the risk of a long term decline in car collecting, measured in these average prices? You've got generational difference in preferences for cars, and generational differences in wealth due to financial boat anchors like student loans. Have we hit "peak car collecting" ?
Prime example: Throtl's latest project is a Tesla swapped Liberty Walk 350Z which looks like it will be pretty amazing when finished... Definitely worth watching them dig into this project, I believe it's definitely the future of modified classic cars, especially for the reliability aspects, emissions, and they're getting faster and faster as well by the year. The Porsche Taycan electric car just debuted today, along with the first electric Lamborghini, the Sián... It's happening. Hopefully they'll make a Tesla rear cradle conversion for the RX-7 soon...
Another thing of note, there are several companies already perfecting replacement steeringwheels for used/older cars which will allow full self driving capabilities, so personally I'd say just hold on to your favorite classic/collector cars- if you truly love them.
Last edited by LO7; 09-04-19 at 11:07 AM.
09-04-19, 11:17 AM
#2650
Ban Peak
iTrader: (49)
Originally Posted by Molotovman
Plot twist:
How much will this 50k mile garage queen ‘94 SSM/Red Touring sell for with a salvage title if it goes to bid.... and will Fritz, Jim, or Myself buy it?!
https://www.iaai.com/Vehicle?itemID=...oadRecent=True
How much did this sell for? Definitely looked like a great parts car.
Plot twist:
How much will this 50k mile garage queen ‘94 SSM/Red Touring sell for with a salvage title if it goes to bid.... and will Fritz, Jim, or Myself buy it?!
https://www.iaai.com/Vehicle?itemID=...oadRecent=True
How much did this sell for? Definitely looked like a great parts car.