Molotovman

iTrader: (49)

I just read through the $9k engine replacement invoice. $4148 for a new set of stock twins... OUCH!

Montego

iTrader: (1)

lol People act as if 138K miles is astronomical high mileage for a 27 year old car (93's came out in 1992). That's roughly 5K miles a year, its someone's weekend car.

If I were in the market for an FD today, I'd be looking at all cars above 80K miles. But it would have to be from someone who appreciated their car (a.k.a well maintained) and drove it occasionally. A real owner who is more likely willing to be negotiable. Besides after the purchase there would be no guilt in driving that car and modding it to my preference. Which is much better than purchasing it from some weirdo that chose to stare at his FD in the garage. And of course because he chose be a storage facility rather than be a driver, he expects an inflated premium and is more likely to be unbending in his price. Mild remorse in putting miles and modding such a car but I'd do it anyway . I love these cars for one reason and one reason only; The driving experience.

Fritz Flynn

iTrader: (263)

The good news is the turbos only have 46k miles. Better move buy an nice FD with 46k miles on it for 25 to 35k.

This new owner will have 25k invested just to make this car a good driver. Add another 10k if he wants to fix up the interior and paint it.

Fritz Flynn

iTrader: (263)

YEP

NO doubt your best deal will be from an enthusiast who loved their car, modded it, maintained, tracked it etc.... That's typically an FD you can beat on for years with no worries.

Fritz Flynn

iTrader: (263)

Well I don't think time of year really matters much lol.........https://bringatrailer.com/listing/1993-mazda-rx-7-56/

The buyer just wanted it. He checked it out etc... so you can't feel sorry for him.

So 18400 or so all in for a 93 VR on tan with 135k miles that needs much TLC including an engine. DAMN this market is crazy!!!

aplscrambles

iTrader: (7)

There is so much want out there for FDs and other japanese sports cars right now. Have you looked at the classifieds on here in the last couple of days? 6 of 7 ads are WTB-FD, several of them mention a fairly healthy budget too.

Aristo

iTrader: (8)

Yeah, the 90s Japanese sports car market seems to just be getting stronger. Rumor has it that this 94 Supra sold for $173k today:

https://rmsothebys.com/en/auctions/a...o-targa/733359

djseven

iTrader: (56)

Aristo

iTrader: (8)

What looks to be a red/black 94 touring FD sold at that same auction for $50,400.

Fritz Flynn

iTrader: (263)

It all starts with the want. All those buyers WANT cars but none of them want to pay for them because unlike the Supra there are still lots of FDs available for 40k and below that are nice cars.

The Supra has gone next level crazy. I don't know what to make of Supra's selling for over 100k much less 173k. I can't imagine an FD selling for that kind of coin but from my point of view if the Supra can do it then it's certainly possible LOL.

I feel your pain, I once had a signal green 997 RS. Talk about a car I should have kept LOL

Do you know how many miles were on it? That's a respectable price for sure.

aplscrambles

iTrader: (7)

https://rmsothebys.com/en/auctions/a...da-rx-7/733345

Fritz Flynn

iTrader: (263)

Not even a 94. 93 touring for 50k

Very well done.

RCCAZ 1

iTrader: (10)

Pete_89T2

iTrader: (4)

Indeed! And it was even missing its battery lid... the horror!!!

Greg Sabol

In my humble opinion.....The FD is a much better looking car than the Supra....the Supra to me always looked frumpy, fat, rounded, too much like a sedan....the FD is beautiful, just look at https://www.rx7club.com/showthread.p...4#post12334794 the profile shot of the FD....wow, that's a sports car! Find a good one and hang on to it, who cares what the Supra's sell for, I'd rather have an FD!!

Fritz Flynn

iTrader: (263)

Totally agree. The FD is a sports car and the Supra is a GT or in other words they are two completely different cars.

The Supra is a good looking car but the FD is PERFECTION which won't go unnoticed at the local car show. The want will increase and the supply will decrease. This is likely the best time ever to get a decent deal on a nice FD.

Fritz Flynn

iTrader: (263)

LOL........yep crazy to think an FD sold for 50k without a battery lid

MattGold

iTrader: (108)

The real news from Amelia Island was the 300ZX TT for $54K. Sure, only 2800 miles...

But if you want to speculate... there are still nice, low mile, Z32TTs available for very reasonable prices. We'll see how the one today on BaT does (1990 TT w/ 6K) and maybe that will signal if the RM car was a fluke or an actual emerging market. Z30s are off the charts which, along with the general trend of early 90s supercars, might help boost it.

Fritz Flynn

iTrader: (263)

YEP the Zs are also cool. I was into those before I bought the FD. Bought the FD and never looked back

The only cars that have me looking forward are Porsches. The new GT4 should be pretty special.

Ricebox

iTrader: (3)

175K for a Supra and 90K for a 928 has got me scratching my head.

Sothebys seems like they are always able to sell cars for marginally more than what you can get them for elsewhere. must be the clientele

chuyler1

iTrader: (1)

If you've got a warehouse to store them, cars of this age are a good long term (10-20 years) investment, a perfect place to park some cash and diversify your portfolio. Think of the 928 like the next Ferrari Dino. Right now prices seem high, but they are going to skyrocket as 911 values become unattainable. But as I have said before, people paying this money will only take the cars out for special concours events. The mileage won't change much at all.

Pete_89T2

iTrader: (4)

^While I agree with the gist of this, whether or not it's a good investment depends on what the said investor/collector ends up paying for the required storage space & maintenance upkeep costs for his car collection over the 10~20 year period between sales, relative to the net value of the collection when it is sold off. Storage & upkeep costs, which includes things like rent or mortgage/property taxes & utility costs for these facilities for a car collection over a 10+ year period can be very substantial.

chuyler1

iTrader: (1)

Oh yeah, I had brought that up a while back in this thread when we were still talking about FDs. It doesn't make sense to store sub $50k cars in a self storage unit or even your garage expecting a return. I said "warehouse" because you gotta do it on a large scale to keep the costs of a single vehicle low, and you gotta shop wisely for cars guaranteed to go up significantly. The fact is, these Supras we are seeing likely came out of such a warehouse and were bought for what seemed like a lot of money 10-20 years ago. If you didn't know a low mile Supra was going to be this popular back in 2001, you're an idiot. If you knew, dropping $30-40k on one back then is probably the financial equivalent hit on your bank account that paying $175k is today. In other words, they have always been just out of reach.

Really, the question should be, what can I buy now that will do this in 20 years? The answer is probably something you or I can barely afford, and certainly don't have the means to store or the discipline not to drive.

I guess that's why I'm more of a 1st gen Rx7 guy and also have a MK1 Mr2. Affordable classics I don't mind racking up miles on. I'll leave the other cars to the collectors knowing full well I am getting the most driving enjoyment out of my purchases while i'm here on this earth.

Fritz Flynn

iTrader: (263)

We've had minor inflation since 2001 so 30k today is about the same as 2001 or basically about 43k. https://www.dollartimes.com/inflatio...0000&year=2001

Buying an FD today for 30 or 40k is close to the equivalent of buying a Supra back in 2001 for 30 or 40k. So everyone who is selling one is an idiot and everyone who's buying one is a genius LOL.

I live in VA and we pay personal property tax on our cars at approx 4 percent. So I buy my low mileage FD at 40k, have it shipped 1500, pay sales tax and register it approx 1700, change the oil and gear oil 100, wash it and fix what needs fixing 100 to 5k or more.... pay personal property tax, store it, insure it and keep it running etc... 2k or more per year. So if the FD is worth 100k I might break even in 10 years but it's more likely it will be worth 50k and I'll lose a lot of time and money.

Bottomline you'll have much better luck with a mutual fund at 5 percent annual return and do zero work and have zero headache.

If you are not wealthy and want to make money in cars you do it like everyone else by putting in the work or buying and selling/flipping them. The longer you keep any car the less potential you have to make money with your money.

chuyler1

iTrader: (1)

I wasn't speaking about inflation so much as personal financial situation. At this point in my career I'd be as willing to drop $175k on a Supra as I was willing to drop $40k 15 years ago. I could afford to, but it is just out of reach for being comfortable. In both situations I'd have to take out a loan.

See I disagree. Unlike the Supra, the FD has always been within my reach. It's a second tier that may rise with the rest, but the rotary has always been quirky. It's like the band Rush. Those who love them, really love them. But the gen pop cant get past Geddy's voice, or the rotary engine. Prices will rise no doubt, but not dramatically enough to turn a profit.

Do you have to pay that tax even if you don't register it? If you're collecting as an investment the only driving you'd do would be once a year on a private road just to warm it up.

Absolutely true for cars within reach of the average blue or white collar worker. The money is in the rare collectibles that can easily beat those returns. Drop 500k on a car with serious pedigree (a low mile limited edition super car, a race car with good win history, or perhaps a specialty tuned restoration like a Singer Porsche). and it will be worth millions decades from now....but you can't buy it now, when the market is hot...you gotta have cash flow when the market takes a turn for the worse.