.

 

I beleive that base model sold for cheap considering it only had 20k and was all original. I would have thought it would have gone for at least 85k. If it were my car I would have not sold it for 67k. As long as owners sell these cars for less they will be worth less. These cars should be closer to the price of the supra. I beleive the rx7 is the better sports car. It is definetly more enjoyable to drive and it is a pure sports car.

 

YEP

We started printing billions in 2008 and now we are printing trillions. If you follow the money it's mostly in equities, then housing, cars etc.... I suspect they'll keep pumping until interest rates move up due to inflation which could happen as soon as next year. The inflation we are seeing isn't transitory and its everywhere. Bottomline: this won't end well for the entire world

 

can you explain your line of thinking to advocate for these cars to gain in price? Most people buying these cars for super expensive won’t do justice to driving them like they should.

my guess for the lack of rise is because the Supra appeals to the lowest common denominator- people familiar with a conventional engine. The average person, he’ll even the average ‘car guy’ is scared to take on one of these rotaries.

This is why I'm bullish on the technology behind decentralized Etherium-like cryptocurrencies

If you're already investing in stocks, long term investments in good coins (that are not sh*tcoins) is a smart bet.

 

My thought on a bitcoin is govs won't allow a private currency but they love the technology because they'll use it eventually. So I suspect the coins could get hurt but the tech/block chain is brilliant.

Some folks think BTC is going to 20k in the next several months. It could also go to 100k. I'm thinking gold and commodities right now and even that is fairly speculative. BTC is pure gambling.

 

Yep, the supra is the equivalent of a japanese muscle car and folks love a muscle car.

Regarding prices they are moving rapidly higher so I suspect this same base model will be worth 80k in 12 months. Again wild wild world.

 

BTC hit 80k at it's peak I think, but it's currently back at 40k and on the rise. I really don't care or pay attention to the prices, legit not invested in what happens unless it goes up a lot. Definitely is gambling though for most people. I've 'invested' a lot but have done so with the mindset that I have lost 100% of the money I've put in and will hold it until it hits whatever my target is. Think that should be the only way people invest, if they do.

Government's irresponsible fiscal handling is definitely going to lead to unstable world economies, which will have life changing effects maybe. I've been saving up a lot and wanted to buy a new house, but now I am really second guessing whether I should right now or wait. Bringing it back to FD's, I hope fairly nice FD's are still within reach by the time I can afford to buy a 2nd or 3rd one. Would like to purchase a low mileage excellent condition FD.

 

Yeah man, I paid 14,500 for my 83,000 mile Touring FD and although it has an accident history from a very minor fender bender accident, I have it clean titled here in California. Got a really good deal imo and this was only in March/April of this year. If I had waited even this FD would have been through the roof in terms of price.

I don't know how long these insane prices will sustain though. The housing market here in California already has had a minor 10-20% market correction I think, and I wonder if it will go further. I think the steep inclines are still general upward trends though, depending how big of a picture you look at in terms of timeline. Within 1-2 years growth curve may be steep and may correct a bit, but over 5-10 years the prices will still trend quite a bit upwards.

Best thing to do is to find a 'good deal' and not overpay for what the current market value is for an FD, and get one while you can I guess? Not sure.

 

YEP

It's all about interest rates/inflation. If or when they move up the market, housing etc... will tumble down. If rates moved up 1 percent in this country it would destabilize a lot of things. That said eventually the govs hand will be forced and it won't be pretty.

 

YEP, I feel for anyone who bought in the 80s. Hopefully it moves back up the charts are saying it could go down pretty far from here. Basically when you buy something and all that's behind it is momentum it's a VERY, VERY speculative bet.

 

I've driven that copper 'vert. It used to be owned locally in MD. Was a pretty nice conversion but weight was added in under chassis bracing. Cool street cruiser.

 

I have not seen a lot of corrosion on the cars parted out up here (largely RHD). One way to a low mileage FD may be to buy a high mileage one and replace critical components with new (or newer). This is eventually what has happened with my car (although not necessarily intentionally).

When people ask what is the mileage on the car (155,000km) I am a bit perplexed how to answer.

 

I don't disagree there are a lot of issues with respect to this globally.

Although, I don't think it has much influence on the rise of FD prices. It's supply and demand coupled with nostalgia for a unique collector/luxury good. Look at the GTR and Supra prices, some over $200k. Look at FD prices globally, US is not rising on its own for any of these cars.

Now, the real risk comes to FD and lower end Supra buyers. These are still "cheap" enough that high earners but not wealthy/rich people can and do obtain them (high earner but not wealthy meaning makes good money and can afford nice things, but likely has debt and not a huge bucket of cash or liquidity available). Meaning when a correction in the stock market and many other areas, they may not be in a position to keep the car and need to let it go quickly at a loss (there will also be fewer buyers when this happens so less demand). Resulting in a period of reduced prices

That's my take on it anyway. In short, FD pricing going up is not a result of inflation, but it will be indirectly impacted negatively when a correction comes.

 

I only remembered it because I was super close to buying it. It was for sale on here many years ago for $15k. I think I offered $13k and wouldn't budge haha.

 

Yep!


All these prices going up is the result of inflation/world money printing and interest rate manipulation starting back in 07 08 and going really crazy with COVID. Gt3 cars that are only 10 years old are commanding over retail etc etc. The equities have literally moved up equally to the debt/money printing. This isn’t normal and will eventually normalize and that will include the Supra, the Fd and gt3s etc. etc

 

I wonder if FD prices would be as high as they are if the majority of the top transactions weren't being conducted sight unseen (as they are on BaT.) The cost-cut interior of the FD is one of the main factors that has kept prices suppressed compared to the Supra and NSX, IMO, and now that we have first-time buyer/collectors buying these cars without seeing them, the 'tin can factor' isn't as big of a detriment.

Keep in mind stock or near-stock FDs in good condition are incredibly rare (much more rare than Ferraris or Lamborghinis of the same vintage) and there is far more demand than there is supply. Just look at the first page of the marketplace on this forum - it's all WTB ads. Good examples posted publicly tend to sell within 2-3 days.

 

After a year and a half of being closed, our borders have opened up to fully vaccinated Americans (who knows how long).

During that time a lot of cars have come out of storage and people have upgrading their cars as well (i.e. fixing things).

No doubt the recent high prices will draw some supply out of Canada, now that people can come up to inspect.

How many car a month can BAT sustain before there is some softening?

 

Given inflation and current administration policies, I am very worried about the next several years. Or, longer. Normally, the Fed would be raising rates, but I don;t think they can. We have created so much debt that I am not sure how we pay the interest even at today's extremely low rates. The 10-Year Treasury averaged about 6% for maybe 25 years and was in the 2-3% range before Obama took it down to 1% in 2011. Its still essentially there today. None of the "Quantitative Easing" everyone was forecasting. And, higher rates have usually been used to counter inflation. Not now.

 

You conveniently left out the administration from the last four years that didn't help anything. There hasn't been a big shift in the last 7 months. These trends were already in motion. You also left out the bush administration. Both sides haven't figured out how to balance it for many reasons.

None of them have figured it out.

 

Nothing I said conveniently did anything, Colin. I just said I was worried, because we have increasingly high inflation and due to our debt being so high and increasing in the future, the Federal reserve probably cannot raise rates to slow inflation and still be able to pay the interest due on our debt. The current administration has no policies or programs that address any of this. Its all just happening.

I'm just voicing my concerns with where things are and where they are going.

 

harumph

 

Back to prices. What about the $30k auto FD in the for sale section?

Price already moved down to $26k, let's say you can haggle a bit more if someone had cash in front of the seller, it's a ton of work to fix up (e.g. $20k in paint/body work, fixing interior, fixing engine bay, etc). and it's got 155k miles on it so it will just not be worth $40k+ any time soon. And therefore it's unlikely a buyer would be right side up on it financially unless you can do all the work yourself. Unless you sit on it for another 10 years and the prices go up a lot more. But then, back to inflation and money better spent elsewhere.

Plus it's an auto which really hurt a nice SSM with much lower miles on Bring a Trailer a couple weeks ago. That only went for $26k (which I think was a bit under valued).

But on the other hand, it's not like you can find a better FD than that any cheaper unless you get lucky on a killer deal for any cheaper.

So someone that really wants one that doesn't have $30k+ to spend, they might not be able to do any better. The mediocre to even poor FD values are quite the conundrum.

And, there is a bucket of bolts FD on eBay for $15k with 2 days left. Crazy to think that could go for 20k, and running halfway decent FDs can go as low as 25k.

 

There's a white '94 on Autotrader with 98K miles listed for $30K, manual trans. Listing says the motor was recently rebuilt. The body appears to be pretty good, certainly better than the one you've referenced. Little concerning that this one says the interior is good "except for cut in drivers seat leather" when clearly the driver and passenger seat are both pretty trashed and would need to be reupholstered. That said, as a '94 manual this one would appear to be a much better value proposition than the one listed here, pending a hands-on evaluation.

 

An update on Thailand prices: A decent FD was ~$45k 6 months ago (when I got mine), they are now going for $85k+. Cars in Japan are going up super quick, leading to parts being harder to find here, no more parts cars when fixing them up is the better option. Doesn't seem to be slowing down either, cars are changing hands fast and people keep paying for them. Look at Australia and what they pay.... Of course, a new M3 here is $200k+ because of taxes, Australia is in a similar situation. Only thing keeping US prices down are affordable new car alternatives

 

What is the acceptability of highly modified cars in Thailand?

I have seen pictures of some pretty wild machines.