How to value your FD
03-06-18, 06:21 PM
#776
Like I said, I probably should have just done it. I heard legends about that car.
Nick
03-06-18, 09:14 PM
#777
Also remember Dan’s SSM than Fritz speaks highly of. I could have probably bought that car also.
03-07-18, 10:51 AM
#779
All out Track Freak!
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Nick... I'm probably the most optimistic regarding FD prices. I do see them as $50-70,000 cars in a few years, though these will only be the best of them. And, I think it;s clear that many long time forum members have never seen the FD as being a collector car. It's a sort of forest and the trees problem combined with us all having been here since they came out combined with some version of Supra or Porsche love. Those are collector cars. FD's are not. Or so goes the thinking of many.
Good thought. You should be listening to me on the economy at any rate. And, you are wrong about prices going lower before they go higher. I suspect that is based on your (still wrong
) thinking that there is a huge bubble in the economy that will burst. Think of the real situation as being one where the economy under Obama suffered from severe and continued flatulence. This isn't a bubble, but a strong recovery after 8-9 years of recession. FD prices will continue to climb.
Good thought. You should be listening to me on the economy at any rate. And, you are wrong about prices going lower before they go higher. I suspect that is based on your (still wrong
) thinking that there is a huge bubble in the economy that will burst. Think of the real situation as being one where the economy under Obama suffered from severe and continued flatulence. This isn't a bubble, but a strong recovery after 8-9 years of recession. FD prices will continue to climb.If inflation comes it could be painful. The tax deduction could be the straw that breaks the camels back. Again only time will tell if laffer's curve is real.
Yep, very nice FDs will be 70k in 10 years but I believe the price will go down before going up over the next 2 years. I say this because all these cars listed are not selling and most of them have been for sale for several months or more: https://www.ebay.com/sch/Cars-Trucks...w=Mazda%20RX-7
PS Seriously thinking about listing my VR R2 on BAT later this year
03-07-18, 11:39 AM
#780
Actual transactional prices are the best indicator. That makes the new FD Price Data thread very important. The auction prices in Japan give weekly data prices. The key is to determine if there is a correlation between that market and the US FD market.
In Canada, where FD pool is roughly half LHD and RHD a link could be more clear (but for lack of transactional data). Based on anecdotal info, the gap is likely about C$10,000 between LHD and RHD.
1995-98 RHD cars in Japan are currently turning over at about $7-10,000 at auction. As seen with some of the 1992 examples last year, prices for that year car roughly doubled as they became US import eligible.
So the current 1995 pricing in Japan could extrapolate to a US $ future pricing in 2020 as follows:
Current RHD 1995 Auction Price (say Grade 3.5 100,000km) : $7000
Finance carry charge at 5%p.a.: $7000 x 10% = $700
Price doubling for US Eligibilty: $7000
Storage cost $5000 p.a. = $10,000
Import/brokerage/Vehicle Inspection: $6000
Total: Total implied RHD price delivery US in Early 2020: US$ 30,070 (including $7000 mark-up).
Implied future price of USDM LHD - Medium Grade (add $8000): US$38,000
In Canada, where FD pool is roughly half LHD and RHD a link could be more clear (but for lack of transactional data). Based on anecdotal info, the gap is likely about C$10,000 between LHD and RHD.
1995-98 RHD cars in Japan are currently turning over at about $7-10,000 at auction. As seen with some of the 1992 examples last year, prices for that year car roughly doubled as they became US import eligible.
So the current 1995 pricing in Japan could extrapolate to a US $ future pricing in 2020 as follows:
Current RHD 1995 Auction Price (say Grade 3.5 100,000km) : $7000
Finance carry charge at 5%p.a.: $7000 x 10% = $700
Price doubling for US Eligibilty: $7000
Storage cost $5000 p.a. = $10,000
Import/brokerage/Vehicle Inspection: $6000
Total: Total implied RHD price delivery US in Early 2020: US$ 30,070 (including $7000 mark-up).
Implied future price of USDM LHD - Medium Grade (add $8000): US$38,000
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Fritz Flynn (03-07-18)
03-07-18, 07:40 PM
#783
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We do. While I didn't like Obama borrowing and spending $10 trillion where no one can say what was spent on what, exactly, and know we have to knock that down, I believe that only by growing the economy and jobs and real wages. Reduced regulation and tax cuts have done a lot to stimulate growth and only through growth and of course constrained or reduced federal spending can we ever hope to reduce the debt and give working class Americans a good living. Laffer's curve is exactly what happened in the Reagan administration, btw. I don't worry about the economy failing. It failed and is now coming back and has a long ride ahead of it. Our differing views are what makes trading possible. You will buy and sell where you think the trade is benefiting from things becoming worse and I will buy and sell where I think my position is enhanced because things are improving. Everybody's happy.
In a great economy (2017 was a good year) our gov was still over budget. Can't remember but I think we spent an extra 700 billion. Republicans should be ashamed of themselves. After all the bitching about Obama's spending etc... Come on man.........that's terrible. We'll see how 2018 goes but I bet it's over a trillion or we'll see the deficit at 21t at years end. SAD
PS Just looked it up and it was 666 (scary # hehe). Also some interesting points about the economy. Trump was given a healthy economy fueled by debt and low interest rates so no real accomplishment by Obama. I just hope we don't have more of the same going forward but I expect it to continue because our gov has zero discipline. As long as we/the US and the rest of the world can get away with printing money it's all good LOL. https://www.forbes.com/sites/chuckjo.../#7510760a6b67
Last edited by Fritz Flynn; 03-07-18 at 08:19 PM.
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cymfc3s (03-07-18)
03-07-18, 11:37 PM
#785
this is a public forum.. if you have no interest with what someone has to say.. move on..
or if you please... exercise the same rights and voice your opinion as to why you disagree rather than spew something derogatory..
if you dont think there is any relevance in anyones postings.. move on to the next post... simple
or better yet... add them to your ignore list.. id be happy to be in that list..
Last edited by amp; 03-07-18 at 11:55 PM.
03-08-18, 08:48 AM
#786
All out Track Freak!
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this is a public forum.. if you have no interest with what someone has to say.. move on..
or if you please... exercise the same rights and voice your opinion as to why you disagree rather than spew something derogatory..
if you dont think there is any relevance in anyones postings.. move on to the next post... simple
or better yet... add them to your ignore list.. id be happy to be in that list..
Lets just say that today is the best time ever to sell your FD or really most any hot collector car.
03-08-18, 11:41 AM
#788
Your house is worth more than it was 8 years ago, your FD is worth more than it was 8 years ago, your 401k is worth more than it was 8 years ago, the economy is recovering, you have a job, Osama Bin Laden is dead, no one has taken away your guns ....but screw that black guy that ruined everything.
03-08-18, 12:36 PM
#789
Ban Peak
iTrader: (49)
Your house is worth more than it was 8 years ago, your FD is worth more than it was 8 years ago, your 401k is worth more than it was 8 years ago, the economy is recovering, you have a job, Osama Bin Laden is dead, no one has taken away your guns ....but screw that black guy that ruined everything.
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Redbul (03-08-18)
03-08-18, 03:22 PM
#793
Yes Adam, perhaps they missed the sarcasm? My point being, everything is going well for the majority of Americans despite what Cable TV news may be portraying. Classic car values are up but people still need to complain about things a past President did or did not do as if he could have fixed everything with the time and resources he had. Simple question: do you really want to hit a reset button on your financial situation and go back to 2008? The nation is in debt, no doubt, but it's people are not. The money is within these borders to pay back what is owed. Anyone who purchased an FD in the last 10 years, sell it now. Put the original price you paid back in your pocket, and cut a check to uncle sam for the remainder. Otherwise, leave Obama out of this thread.
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jimlab (06-14-19)
03-08-18, 04:00 PM
#796
If you and Fritz want to discuss the economy, make a phone call, or take it to PM's. Your personal (republican) opinion of Obama is clearly biased, and isnt welcomed here by 1/2 (democrats) the members on this forum. Continuing to bash Obama has nothing to do with this topic, and only fuels ill will among members who would like to stay friendly, which includes me.
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Molotovman (03-08-18)
03-08-18, 04:33 PM
#798
If we want to debate policy and blame for economic boom and bust, start a new thread.
This thread is strictly related to the values of FD’s. The economy obviously plays a major part in value of all things but again, we can discuss these things without getting political.
So, will everyone just please cut it out?
Nick
This thread is strictly related to the values of FD’s. The economy obviously plays a major part in value of all things but again, we can discuss these things without getting political.
So, will everyone just please cut it out?
Nick
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gmonsen (03-08-18)
03-08-18, 04:38 PM
#799
Racecar - Formula 2000
If we want to debate policy and blame for economic boom and bust, start a new thread.
This thread is strictly related to the values of FD’s. The economy obviously plays a major part in value of all things but again, we can discuss these things without getting political.
So, will everyone just please cut it out?
Nick
This thread is strictly related to the values of FD’s. The economy obviously plays a major part in value of all things but again, we can discuss these things without getting political.
So, will everyone just please cut it out?
Nick
03-08-18, 08:00 PM
#800
To be clear, my comment wasn’t directed at you individually, Gordon. Personally, I didn’t think it was inflammatory, but as you well know, these are sensitive times politically and those on the opposite side of any issue have short fuses.
If you’d like to start up a thread in an off topic forum or something I’d gladly contribute my two cents on the state of the economy relative to political decisions and who bears the brunt of the blame for those decisions. But, here and now, we talkin FD’s yo!
Nick
If you’d like to start up a thread in an off topic forum or something I’d gladly contribute my two cents on the state of the economy relative to political decisions and who bears the brunt of the blame for those decisions. But, here and now, we talkin FD’s yo!
Nick