How to value your FD
06-23-22, 05:14 PM
#5330
Auto Enthusiast
06-23-22, 07:30 PM
#5332
Senior Member
06-23-22, 10:32 PM
#5336
You realize that is not a classified ad right? The post is by the person who found the car.
It is a car that someone found while they were doing unrelated maintenance work on somebody's house, and the photos of it in the post covered in dust are in the garage where it was found. It remains to be seen whether the poster will be able to secure it, but the thread is an interesting read, and it is not a "scam", whatever that means.
It is a car that someone found while they were doing unrelated maintenance work on somebody's house, and the photos of it in the post covered in dust are in the garage where it was found. It remains to be seen whether the poster will be able to secure it, but the thread is an interesting read, and it is not a "scam", whatever that means.
Last edited by c0rbin9; 06-23-22 at 10:38 PM.
06-24-22, 02:37 PM
#5339
The Ancient
Bring a Trailer update. Out of the last 41 auctions I have been watching that ended, 17 of them were Reserve Not Met. Anecdotally, I would say there is at least some cooling off in the market.
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fc3s-ty (06-27-22)
06-25-22, 09:14 AM
#5341
All out Track Freak!
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Repossessed cars are at 2 million so far this year. Average per year is approx 2.2m. This is a major leading indicator for recession/depression in other words when folks get squeezed the car is the 1st thing to go.
I suspect we will see deals on old cars, even 911s.
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06-25-22, 12:00 PM
#5342
Will be interesting for sure. Maybe all the predatory lending and 7-8 year car loans, with balances continuously rolled over in to new car loans are catching up to people as well.
Auto loan defaults have been hitting highs and increasing for years. This started happening years ago. Lots of articles like this. https://ilr.law.uiowa.edu/print/volu...e-of-covid-19/
Auto loan defaults have been hitting highs and increasing for years. This started happening years ago. Lots of articles like this. https://ilr.law.uiowa.edu/print/volu...e-of-covid-19/
Last edited by TwinCharged RX7; 06-25-22 at 12:19 PM.
06-25-22, 01:13 PM
#5343
We've all got a crystal ball to look at if we choose, look back to '07-'10 to see exactly what moves to make or not make. '22 is almost a carbon copy of '07, more inflation, higher fuel costs are a slight variable though. I'm looking forward to sniping some good deals on vehicles and equipment for my business in the next 4-5 years.
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06-25-22, 05:37 PM
#5344
44k miles and reserve not met at $36k:
https://bringatrailer.com/listing/1994-mazda-rx-7-73/
Hard to infer much from this car, though. Canadian car (they generally sell for quite a discount on BAT, despite importation to US not necessarily being hard), respray a non stock colour, very dodgy chrome wheels, and a few mildly questionable cosmetic modifications.
https://bringatrailer.com/listing/1994-mazda-rx-7-73/
Hard to infer much from this car, though. Canadian car (they generally sell for quite a discount on BAT, despite importation to US not necessarily being hard), respray a non stock colour, very dodgy chrome wheels, and a few mildly questionable cosmetic modifications.
Last edited by moconnor; 06-26-22 at 01:31 AM.
06-27-22, 11:41 AM
#5346
All out Track Freak!
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We've all got a crystal ball to look at if we choose, look back to '07-'10 to see exactly what moves to make or not make. '22 is almost a carbon copy of '07, more inflation, higher fuel costs are a slight variable though. I'm looking forward to sniping some good deals on vehicles and equipment for my business in the next 4-5 years.
They can't raise rates because it squeezes the bonds and they can't print because it increases inflation further so they can't use either of their cough cough TOOLS, hehe.
This will be very interesting to watch.
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fc3s-ty (06-27-22)
06-27-22, 01:04 PM
#5347
Yep inflation is a MASSIVE variant though because it limits the fed soooo much! I'm hoping for a fed pivot and one last massive bubble to feed my own greed but I'm definitely hedging some because this is a trippy environment or not something I've seen before.
They can't raise rates because it squeezes the bonds and they can't print because it increases inflation further so they can't use either of their cough cough TOOLS, hehe.
This will be very interesting to watch.
They can't raise rates because it squeezes the bonds and they can't print because it increases inflation further so they can't use either of their cough cough TOOLS, hehe.
This will be very interesting to watch.
Last edited by aplscrambles; 06-27-22 at 05:52 PM.
06-27-22, 02:40 PM
#5348
What are you thoughts away from BaT? Local and actual sales..
I’ve seen some rollers go for 6k (Heavy damage)-15K (actual usable roller)
and seen some really nice, modded FD’s still going for low 20- low 30s.. many of which I would gladly take over some of the BaT auctions.. clean title, salvage title, original, it varies.
Some sales on the forums don’t talk about what they actually sold for after negotiation, etc. I am more curious for actual sale figures?
I’ve seen some rollers go for 6k (Heavy damage)-15K (actual usable roller)
and seen some really nice, modded FD’s still going for low 20- low 30s.. many of which I would gladly take over some of the BaT auctions.. clean title, salvage title, original, it varies.
Some sales on the forums don’t talk about what they actually sold for after negotiation, etc. I am more curious for actual sale figures?
06-27-22, 09:19 PM
#5349
Auto Enthusiast
What are you thoughts away from BaT? Local and actual sales..
I’ve seen some rollers go for 6k (Heavy damage)-15K (actual usable roller)
and seen some really nice, modded FD’s still going for low 20- low 30s.. many of which I would gladly take over some of the BaT auctions.. clean title, salvage title, original, it varies.
Some sales on the forums don’t talk about what they actually sold for after negotiation, etc. I am more curious for actual sale figures?
I’ve seen some rollers go for 6k (Heavy damage)-15K (actual usable roller)
and seen some really nice, modded FD’s still going for low 20- low 30s.. many of which I would gladly take over some of the BaT auctions.. clean title, salvage title, original, it varies.
Some sales on the forums don’t talk about what they actually sold for after negotiation, etc. I am more curious for actual sale figures?
Solid roller with good interior $20k. Figure another $20k to get it reliable where u can hop in it and drive it without worry and it looks good doing it.
Or $40k for mid mileage (65k+ miles) with mild mods and good compression, solid interior.
Once you get to $30k and below, it will have significant modifications and/or wear and tear, odds are you'll be preparing for a build or maybe it needs paint and interior work. Or the mods done are not considered tasteful. Mods are subjective though.
I just don't see good solid FDs (meaning needs nothing other than servicing maintenance items) selling for under $30k anymore. Of course there are exceptions and variables that come into play.
06-27-22, 10:43 PM
#5350
So where will all the surplus savings go?
Pay down the mortgages to prior monthly payment levels?
Watch the home renovation market.
Sometimes there is a renovation boom following a home sales boom.
During Covid, perhaps people let their home upkeep slide.
The high oil price heydays certainly drove our tuner markets in the past, when one week's pay in the oilsands could cover a used RHD FD.
(Now it might take three weeks.)
Pay down the mortgages to prior monthly payment levels?
Watch the home renovation market.
Sometimes there is a renovation boom following a home sales boom.
During Covid, perhaps people let their home upkeep slide.
The high oil price heydays certainly drove our tuner markets in the past, when one week's pay in the oilsands could cover a used RHD FD.
(Now it might take three weeks.)
Last edited by Redbul; 06-28-22 at 01:00 AM.