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-   -   How to value your FD (https://www.rx7club.com/3rd-gen-general-discussion-322/how-value-your-fd-1111539/)

allenteee 04-26-19 08:58 AM


Originally Posted by Fritz Flynn (Post 12343898)
YEP, 50k is my limit on these cars and yours would likely sell for more than that.

Adding just 10k miles to your car would really hurt the value which why it's soooo hard now to enjoy a low mileage FD.

I have a VR R2 with 26k miles and I'm no collector so it will likely be sold soon :(

Yeah I'm going to try to keep this car under 30K miles. It will split duties with the NSX, which I put on ~1-2K miles a year, so the FD will probably see 500 - 1K miles a year. At this rate, it will take me 16 years for the FD to hit 30K miles....

Fritz Flynn 04-26-19 08:59 AM


Originally Posted by adam c (Post 12343895)
That is one of the main reasons I sold my car. Congrats on the purchase. Beautiful car :)

YEP

You did very well with yours and the crazy thing is it wouldn't be worth much more today because of the miles and mods. However as time goes by even clean higher mileage, modded, maintained FDs will be worth 50k plus.

However they are actually worth it ;)

Fritz Flynn 04-26-19 09:01 AM


Originally Posted by allenteee (Post 12343900)
Yeah I'm going to try to keep this car under 30K miles. It will split duties with the NSX, which I put on ~1-2K miles a year, so the FD will probably see 500 - 1K miles a year. At this rate, it will take me 16 years for the FD to hit 30K miles....

gotcha

Basically you are going to store it and make a killing, smart move :)

Fritz Flynn 04-26-19 09:03 AM


Originally Posted by and.punker (Post 12343897)
I wonder what an equivalent "driver" RHD to a LHD car will be worth in the future.

The FD might be getting its due, and it's amazing cuz I still believe it to be the best one to have come out of Japan but...that makes me worried that it might just be too late for it to be enjoyed. Sure, driver's cars will always exist but that's where guilt starts to grow, once all of these start to routinely come off the streets and hitting the auction blocks instead.

For now, I want to believe I'm wrong.

I don't see RHD cars doing well here unless it's an RZ or something and then it may be top tier but we have long wait for those.

allenteee 04-26-19 09:03 AM


Originally Posted by Fritz Flynn (Post 12343902)
gotcha

Basically you are going to store it and make a killing, smart move :)

Can't say I'm going to put it on the shelf as I bought it to enjoy it, but it certainly won't take daily driver duties like the NSX was for me for a few years. And even that, the NSX only has 59K miles. Anywho, my childhood wet dream was to own an NSX, an RX-7, and a Supra, so if anyone know of a white supra for sale, let me know!

Fritz Flynn 04-26-19 09:22 AM


Originally Posted by allenteee (Post 12343904)
Can't say I'm going to put it on the shelf as I bought it to enjoy it, but it certainly won't take daily driver duties like the NSX was for me for a few years. And even that, the NSX only has 59K miles. Anywho, my childhood wet dream was to own an NSX, an RX-7, and a Supra, so if anyone know of a white supra for sale, let me know!

Sell the NSX, skip the Supra and get a 997.1 GT3. Much better car and it will likely cost less today and be worth more tomorrow LOL

Fritz Flynn 04-26-19 09:35 AM


Originally Posted by gmonsen (Post 12343720)
Yeah. This could be the start of something big. The Montego and Tan combination with a sunroof being the car to break in the $60's is mind-boggling. Wonder what a black/black R1 with 2,500 miles would do?

We are all witnessing new ground being broken. However if I had to guess I think most 94s will trump most 93s all things considered.

The mileage thing is also extremely important. If say Rich listed his car it could actually sell for more than the 94 simply because of the mileage. Under 1k miles is holy grail stuff if the car is super clean.

Montego 04-26-19 11:25 AM


Originally Posted by allenteee (Post 12343835)
I bought this '94 CW/black base model bone stock with 22k miles three days ago.... it even has the original 25-year old tires.

First congratulations on your purchase. But just in case you did not know, tires have an expiration date of around six years from date of manufacture. And best case scenario your tires are ~19 years expired and that's if the tires were made in 94. So it really isn't the best idea to drive on them. I understand not wanting to replace the tires since they are original equipment but you can always slap some aftermarket wheels with new rubber and shelf the OEM wheels.


Originally Posted by and.punker (Post 12343897)
That makes me worried that it might just be too late for it to be enjoyed. Sure, driver's cars will always exist but that's where guilt starts to grow, once all of these start to routinely come off the streets and hitting the auction blocks instead.

If you have a driver's car enjoy the darn thing. Just don't over do it, keep the car in great condition and it won't make a difference.. It's the people who have the very low mileage cars that have to worry about every mile driven. And remember it is those guys that raise the prices for everyone.

allenteee 04-26-19 12:46 PM

[QUOTE=Montego;12343934]First congratulations on your purchase. But just in case you did not know, tires have an expiration date of around six years from date of manufacture. And best case scenario your tires are ~19 years expired and that's if the tires were made in 94. So it really isn't the best idea to drive on them. I understand not wanting to replace the tires since they are original equipment but you can always slap some aftermarket wheels with new rubber and shelf the OEM wheels.

In violent agreement. One of the first things I'm doing is new rims and tires. The OEM's go into storage. Time to do some research on wheel configurations!

gmonsen 04-26-19 12:53 PM


Originally Posted by Fritz Flynn (Post 12343910)
We are all witnessing new ground being broken. However if I had to guess I think most 94s will trump most 93s all things considered.

The mileage thing is also extremely important. If say Rich listed his car it could actually sell for more than the 94 simply because of the mileage. Under 1k miles is holy grail stuff if the car is super clean.

I think I agree about 94's versus 93's, except that the 93 R1 is the 1st of its kind and that appeals to some collectors. Rich's car and a few others with so very few miles are definitely $100,000 cars right now (or very soon).

Narfle 04-26-19 01:07 PM

You're gonna have to find owners living under a rock to get a good deal now. The pool of really good cars was already a puddle. The hoarding and gouging are going to get worse.

djseven 04-26-19 01:10 PM


Originally Posted by gmonsen (Post 12343767)
If this isn't an aberration, the FD is getting its due now. I have long believed that the FD was the best sports car to come out of Japan and should be the most valuable. The Supra remains the money king, but with the way FD prices seem to be going, maybe not for long.

We would all love to see the FD be priced like the Supras. Once again though, its not happening. Comparable supras are still selling for over double what comparable mileage and condition FDs are going for. 100K mile supras are bringing over $50k on BAT. The 10k mile Supra brought $125k. Trust me I want to see it happen but the Supras are trending higher as fast or faster then the FDs still.

ZE Power MX6 04-26-19 01:24 PM

Why don't we all just hope the 100k miles Supra trend towards the $100k mark, so our 100k miles FD can trend towards $50k? I don't see why we have to catch them on price, as long as we all got one before this price hike we all come out as a winner.

Fritz Flynn 04-26-19 02:06 PM


Originally Posted by gmonsen (Post 12343944)
I think I agree about 94's versus 93's, except that the 93 R1 is the 1st of its kind and that appeals to some collectors. Rich's car and a few others with so very few miles are definitely $100,000 cars right now (or very soon).

Yep the hysteria is real and it will be fun to watch the upcoming auctions :)


Originally Posted by Narfle (Post 12343947)
You're gonna have to find owners living under a rock to get a good deal now. The pool of really good cars was already a puddle. The hoarding and gouging are going to get worse.

yep I'm already going to sell my R2 (hoping to gouge someone LOL)


Originally Posted by djseven (Post 12343948)
We would all love to see the FD be priced like the Supras. Once again though, its not happening. Comparable supras are still selling for over double what comparable mileage and condition FDs are going for. 100K mile supras are bringing over $50k on BAT. The 10k mile Supra brought $125k. Trust me I want to see it happen but the Supras are trending higher as fast or faster then the FDs still.

If they were I wouldn't own them LOL As far as I'm concerned paying 73.5 for the mb FD was straight CRAZY!!!!


Fritz Flynn 04-26-19 02:07 PM


Originally Posted by ZE Power MX6 (Post 12343950)
Why don't we all just hope the 100k miles Supra trend towards the $100k mark, so our 100k miles FD can trend towards $50k? I don't see why we have to catch them on price, as long as we all got one before this price hike we all come out as a winner.

80k buys a low mileage GT4

I'll never pay 50k for a high mileage FD. Well never say never. If it's the perfectly modded one, maybe :)

mkiv98 04-26-19 03:00 PM

I just bought a 94 CW base with 57k miles. I was planning to drive to and from tracks, track it, enjoy the hell out of it...it's so modified I'm not sure if the value will ever shoot through the roof like these stock low mileage cars.

Narfle 04-26-19 03:27 PM

^resto mod

Narfle 04-26-19 03:28 PM


Originally Posted by Fritz Flynn (Post 12343955)
80k buys a low mileage GT4

I'll never pay 50k for a high mileage FD. Well never say never. If it's the perfectly modded one, maybe :)

When you come back to the Rx7 game like Jordan, you're gonna write a blank check. Better keep a coffin car, and wall off the garage door.

mkiv98 04-26-19 03:29 PM


Originally Posted by Fritz Flynn (Post 12343955)
80k buys a low mileage GT4

I'll never pay 50k for a high mileage FD. Well never say never. If it's the perfectly modded one, maybe :)

we also used to say we'd never pay 20-30k for an FD. 30k was insane to think about.

Fritz Flynn 04-26-19 03:56 PM


Originally Posted by mkiv98 (Post 12343968)
we also used to say we'd never pay 20-30k for an FD. 30k was insane to think about.

Did I say that?

I've been paying 20k plus for FDs since 2000 :)

Fritz Flynn 04-26-19 03:58 PM


Originally Posted by Narfle (Post 12343967)
When you come back to the Rx7 game like Jordan, you're gonna write a blank check. Better keep a coffin car, and wall off the garage door.

LOL

You are probably right.

I better keep one decent car :D

ZE Power MX6 04-26-19 04:43 PM


Originally Posted by Fritz Flynn (Post 12343955)
I'll never pay 50k for a high mileage FD. Well never say never. If it's the perfectly modded one, maybe :)

I won't either, but someone out there just might, so yea maybe :)

jsesq 04-26-19 08:35 PM

Hmmm - might have to edit this topic title...and triple it!!

gmonsen 04-29-19 10:51 PM

What impresses me about the pricing on the FD is that just about 2 years ago, we were talking about whether a nice low mile FD was worth $25,000. The best have now tripled in value. Very nice cars hit $50,000 and have doubled in price. In 2 years, folks. 100-200% increases. For the best, 100% a year for 2 years. So, if you bought one for $17,000 in 2016, you would have made a very good investment.

Fritz Flynn 04-30-19 09:25 AM


Originally Posted by gmonsen (Post 12344556)
What impresses me about the pricing on the FD is that just about 2 years ago, we were talking about whether a nice low mile FD was worth $25,000. The best have now tripled in value. Very nice cars hit $50,000 and have doubled in price. In 2 years, folks. 100-200% increases. For the best, 100% a year for 2 years. So, if you bought one for $17,000 in 2016, you would have made a very good investment.

No doubt had you bought a very low mileage FD (under 20k miles) for 25k back in 2015 you may be able to double your money. However had you bought a typical FD for 17k it's probably not worth 25k today much less 34.

I live in VA so If I buy an FD for 17k that's approx 1k in tags, title and tax. Insurance is 750 (for some over 1k). Tax each year is say 500. Maint 1k minimum, more likely 3k for an FD that you paid 17k for. Chances are you would loose money on this type car and a ton of time. However you'd get to enjoy one of the coolest sports cars ever and not get hurt too badly :D

Bottomline: The only FD you'd want to invest in would be something similar to the 70k FD. Talk about risk though :) Again I'm no collector/car investor. It just makes no sense to me.

Shorting Tesla makes a ton of sense but hasn't worked so far, you never know in the investment world, or investing is an art not a science LOL










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