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My '95 Montego Blue PEP I bought on BaT with 49k miles was $20,500 final bid, and the guy told me if I remember correctly that it had like a 17k reserve, in March 2017. He could have gotten a few more thousand if he had sold in May.
I have now joined the team of I have no idea what is going on... The 38K mile 93 CYM only netted $10,550 more than the 180K mile touring? I can certainly understand the lack of enthusiasm over an R model because I really like the sunroof but these two had a difference of 141K miles...
the only thing I can think of is that the demand is a lot stronger for the mid 20's range cars and that the 180K dude has a four leaf clover shoved up where the sun doesn't shine.
We can all speculate on why that happened. Maybe there aren't as many buyers of yellow cars? I agree with the thought of FDs in the mid 20s having more draw.
The SSM was located in the Dallas, TX area. Perhaps someone local checked out the car in person vs. buying blindly? Perhaps the recent rebuild from Rotary Performance helped with the price?
^^ It's a good car. I'm really glad it's a '95 because I love the '94+ plastics and the rare R134a A/C. I had to spend some money to replace previous owner's cheap ebay parts and half *** repairs. Motor is marginal. It's got about 100psi compression according to Mazda tool and has degrading oil control rings. Turbos probably need rebuild or replacement sooner or later. That comes with the territory on an all original FD near the 60k mark now.
I think I paid a good amount for it. I neither overpaid nor underpaid.
I hate to get into economics but it's really important if you are trying to get the most for your valuable FD.
The article below is looking at unemployed/labor rates of full time, part time, people from the ages of 25 to approx 55 etc...... Things always go bad when they are at their best but I think this current economy still has some legs, of course it is anyone's guess as to how far it can run.
My biggest concern is about the dollar/world debt in general but things seems ok for now. If you look into it though it doesn't give you warm feelings but really that's been case for over decade or ever since more and more of the global powers started using low interest rates as a means of feeding their economies. There will be a major price to pay for this global economic irresponsibility.
94 VR base with 9k miles is worth an easy 15k more than 93 cym with 38k miles. If it's a good car (cleaned up barn find and not one that's been hurt badly by the elements) it's mostly about the mileage.
The 94 car will likely be listed again shortly or they'll wait until spring. It will eventually sell for over 50k. I would have run to the bank with the 47 because you really never know what tomorrow will bring . That said, we are currently living in the best economy I can ever remember so smart money holds for more but I'm super conservative LOL. Unemployment is ridiculously low, everyone is making more money blah blah blah (amazon just committed to paying everyone 15 or more an hour and I think we'll see more and more of that). I plan to sell at least one of my FDs this coming spring.
The 94 VR Base was sold after the BAT Auction which did not meet reserve. I was informed that it sold for $51,000. Cheaper than if the reserve was met and 5% fee tacked on by BAT.
Yeah, I'm not sure the season is in play yet. We've seen some high prices in the past couple weeks. I think the yellow car had an accident reports, a narrow market, and little to go on but the sellers word. The seller didn't put any real work into selling the car, so how can they complain about the outcome? They agreed to the reserve and refused to figure out how to get a compression test. Got what they deserved, a fair deal in context.
Multiple commenters asked for compression tests. I personally commented twice for him to reach out to Steve at rotarycompressiontester.com who rents out testers for a nominal fee.
Things always go bad when they are at their best but I think this current economy still has some legs, of course it is anyone's guess as to how far it can run... My biggest concern is about the dollar/world debt in general but things seems ok for now. If you look into it though it doesn't give you warm feelings but really that's been case for over decade or ever since more and more of the global powers started using low interest rates as a means of feeding their economies. There will be a major price to pay for this global economic irresponsibility.
It is nice to see you coming around a bit, Fritz. Our economy is stronger than it has been in at least 25 years and maybe more. Employment is very strong and wages and take home pay has really strengthened and seems to be continuing to improve. The Fed has been moving rates back up to where they should be, if a bit too quickly, especially if they have 4 rate hikes in 2019, as they suggest. The 10-Year averaged 6% for 30 years before the second Bush term. It went below 2% for a good while during the Obama years. It is now around 3.1% and I personally think they shouldn't allow it to go much above 4% for the next 3-4 years.
While there is a lot a confusion and resistance from globalists and less thoughtful pundits about Trump's foreign trade policies, we have long needed to move toward real free trade. After WWII we gave so many foreign countries very favorable tariff agreements to help their economies recover and these should have been renegotiated or eliminated a long time ago. Our putting tariffs on some countries goods is really an attempt to eliminate their tariffs on our goods. And if the new Nafta is an indication, it will work.
The biggest issue I see relative to foreign debt is what the European Union has done. In many ways there are two EU's. The rich German, French, and British EU and the poor "PIGS". The rich lent huge amounts of money to the poor and certainly should have known they would not be paid back and would have to seize assets of questionable worth. The PIGS debt is the real problem. Many foreign countries are going to come to us to for economic help and we should benefit from that.
It is interesting that the US economy is growing at 4% or so and almost the rest of the world has economies that are flat or shrinking. There has been a globalist movement for decades that many large multinational US companies and many US elitist citizens have championed or favored. Clearly, the movement away from that by this administration was timely. What we have done in reducing government regulation and the influence of non-economic, political agendas on our economy has helped our economy to flourish where others remain weak.
It is nice to see you coming around a bit, Fritz. Our economy is stronger than it has been in at least 25 years and maybe more. Employment is very strong and wages and take home pay has really strengthened and seems to be continuing to improve. The Fed has been moving rates back up to where they should be, if a bit too quickly, especially if they have 4 rate hikes in 2019, as they suggest. The 10-Year averaged 6% for 30 years before the second Bush term. It went below 2% for a good while during the Obama years. It is now around 3.1% and I personally think they shouldn't allow it to go much above 4% for the next 3-4 years.
While there is a lot a confusion and resistance from globalists and less thoughtful pundits about Trump's foreign trade policies, we have long needed to move toward real free trade. After WWII we gave so many foreign countries very favorable tariff agreements to help their economies recover and these should have been renegotiated or eliminated a long time ago. Our putting tariffs on some countries goods is really an attempt to eliminate their tariffs on our goods. And if the new Nafta is an indication, it will work.
The biggest issue I see relative to foreign debt is what the European Union has done. In many ways there are two EU's. The rich German, French, and British EU and the poor "PIGS". The rich lent huge amounts of money to the poor and certainly should have known they would not be paid back and would have to seize assets of questionable worth. The PIGS debt is the real problem. Many foreign countries are going to come to us to for economic help and we should benefit from that.
It is interesting that the US economy is growing at 4% or so and almost the rest of the world has economies that are flat or shrinking. There has been a globalist movement for decades that many large multinational US companies and many US elitist citizens have championed or favored. Clearly, the movement away from that by this administration was timely. What we have done in reducing government regulation and the influence of non-economic, political agendas on our economy has helped our economy to flourish where others remain weak.
You are naive if you think the current administration is reducing political agendas. It's all about the rich getting richer, and more corruption. I see you did qualify it with "non-economic" political agendas, but most agendas were, are, and will continue to be be economic in one form or another. Lessen the EPA regulations, let big companies that happen to be owned by those same people make more money at the expense of others. Pollute more, reduce protected land... impact the suckers of the future long after we are gone.
To say this administration has come with timely change and caused the economy to flourish while others stagnate is incorrect. The economy was moving in this direction prior to the current administration (these things don't change overnight) and we have yet to see the impact of trade wars other than rapidly increasing debt. And this administration has caused pain, racism, and divisiveness to the country, that will have a long term lasting and negative impact. I'm sure there are many on this forum that have been negatively impacted by what has happened.
You are naive if you think the current administration is reducing political agendas. It's all about the rich getting richer, and more corruption. I see you did qualify it with "non-economic" political agendas, but most agendas were, are, and will continue to be be economic in one form or another. Lessen the EPA regulations, let big companies that happen to be owned by those same people make more money at the expense of others. Pollute more, reduce protected land... impact the suckers of the future long after we are gone.
To say this administration has come with timely change and caused the economy to flourish while others stagnate is incorrect. The economy was moving in this direction prior to the current administration (these things don't change overnight) and we have yet to see the impact of trade wars other than rapidly increasing debt. And this administration has caused pain, racism, and divisiveness to the country, that will have a long term lasting and negative impact. I'm sure there are many on this forum that have been negatively impacted by what has happened.
Absolutely correct
Originally Posted by colditz_II
Political discussion is a great way to ferret out morons but also a good way to ruin a perfectly good car forum
You are naive if you think the current administration is reducing political agendas. It's all about the rich getting richer, and more corruption. I see you did qualify it with "non-economic" political agendas, but most agendas were, are, and will continue to be be economic in one form or another. Lessen the EPA regulations, let big companies that happen to be owned by those same people make more money at the expense of others. Pollute more, reduce protected land... impact the suckers of the future long after we are gone.
To say this administration has come with timely change and caused the economy to flourish while others stagnate is incorrect. The economy was moving in this direction prior to the current administration (these things don't change overnight) and we have yet to see the impact of trade wars other than rapidly increasing debt. And this administration has caused pain, racism, and divisiveness to the country, that will have a long term lasting and negative impact. I'm sure there are many on this forum that have been negatively impacted by what has happened.
LOL........didn't mean to make this political. I'm talking about the economy not politics. I manage a small business and we are having a record year, I can't find good employees etc...etc..etc... and EVERYONE especially hourly wage earners are currently making more money and THAT is a VERY VERY good thing that has been LONG overdue
Originally Posted by gmonsen
It is nice to see you coming around a bit, Fritz. Our economy is stronger than it has been in at least 25 years and maybe more. Employment is very strong and wages and take home pay has really strengthened and seems to be continuing to improve. The Fed has been moving rates back up to where they should be, if a bit too quickly, especially if they have 4 rate hikes in 2019, as they suggest. The 10-Year averaged 6% for 30 years before the second Bush term. It went below 2% for a good while during the Obama years. It is now around 3.1% and I personally think they shouldn't allow it to go much above 4% for the next 3-4 years.
While there is a lot a confusion and resistance from globalists and less thoughtful pundits about Trump's foreign trade policies, we have long needed to move toward real free trade. After WWII we gave so many foreign countries very favorable tariff agreements to help their economies recover and these should have been renegotiated or eliminated a long time ago. Our putting tariffs on some countries goods is really an attempt to eliminate their tariffs on our goods. And if the new Nafta is an indication, it will work.
The biggest issue I see relative to foreign debt is what the European Union has done. In many ways there are two EU's. The rich German, French, and British EU and the poor "PIGS". The rich lent huge amounts of money to the poor and certainly should have known they would not be paid back and would have to seize assets of questionable worth. The PIGS debt is the real problem. Many foreign countries are going to come to us to for economic help and we should benefit from that.
It is interesting that the US economy is growing at 4% or so and almost the rest of the world has economies that are flat or shrinking. There has been a globalist movement for decades that many large multinational US companies and many US elitist citizens have championed or favored. Clearly, the movement away from that by this administration was timely. What we have done in reducing government regulation and the influence of non-economic, political agendas on our economy has helped our economy to flourish where others remain weak.
YEP.....love what's happening with the Fed (it's about time).
Would love to see free trade happen. We all need to stop thinking politically and start thinking about what's best for the world/humanity........PERIOD!!!!
Political discussion is a great way to ferret out morons but also a good way to ruin a perfectly good car forum
YEP
Free to talk about the economy which has effected the value of everything including cars and will surely continue to affect the value of our precious FDs going forward
From comments I have seen on FB it looks like the buyers backed out on the CYM and the SSM Car. I sure hope the buyer of the SSM car backed out for their own sake. That was a $12-15k car at the most in my eyes.
From comments I have seen on FB it looks like the buyers backed out on the CYM and the SSM Car. I sure hope the buyer of the SSM car backed out for their own sake. That was a $12-15k car at the most in my eyes.
Yep ssm car was a 15k FD. BAT seems to attract some hungry buyers.
From comments I have seen on FB it looks like the buyers backed out on the CYM and the SSM Car. I sure hope the buyer of the SSM car backed out for their own sake. That was a $12-15k car at the most in my eyes.
The CYM seller stated the buyer backed out. Hefty fee to take on part of the buyer/bidder. I did not see any indication that the SSM buyer backed out as well?
People need to get numbers from the government, BEA and BLS, and not from politically driven organizations, like the World Bank and Brookings. Graphs that show no differences in the economy (GDP) over the past, say, decade, do not reflect what has happened and are extremely misleading.
I think Fritz relates what is going on very well from his personal experience. Businesses are doing better, owners and employees are making more money than they were in the recent past. It is obvious and notable.
People need to get numbers from the government, BEA and BLS, and not from politically driven organizations, like the World Bank and Brookings. Graphs that show no differences in the economy (GDP) over the past, say, decade, do not reflect what has happened and are extremely misleading.
I think Fritz relates what is going on very well from his personal experience. Businesses are doing better, owners and employees are making more money than they were in the recent past. It is obvious and notable.
I don't think many will argue most businesses are thriving at the moment, but at what cost to the national debt in the long run? Time will tell.
The CYM seller stated the buyer backed out. Hefty fee to take on part of the buyer/bidder. I did not see any indication that the SSM buyer backed out as well?
It was posted on another link after the auction had closed. Some name I recognized in the community posted the buyer of the SSM Backed out. I dont recall who shared that info, maybe they will chime in here. It would make sense if the buyer did any small amount of market research.
I don't think many will argue most businesses are thriving at the moment, but at what cost to the national debt in the long run? Time will tell.
This whole recovery (whole world economy) is fueled by debt and that's what scares you me and everyone else. I'm 100 percent sure there will be a MAJOR correction/price to pay for 248 trillion world debt that just keeps moving higher (imagine if interest rates around the world were at a healthy 5 percent/SCARY). It's a time bomb for sure.
I don't think many will argue most businesses are thriving at the moment, but at what cost to the national debt in the long run? Time will tell.
The reason that the economy is thriving is not in any way largely related to debt, of course. It is related to a combination of other things. Dramatically reduced regulations, lower taxes, and foreign trade relations changes likely being the major contributors. If we want to think about some notion of total debt and it's repayment, clearly, it only gets repaid if businesses and individuals are making more money. I would say that, as I suggested, some countries, and especially those surrounding the Mediterranean sea (for whatever reason) may collapse. Many, like Greece and Italy have collapsed from debt before. But, in addition to the "PIGS" ("P"ortugal, "I"taly, "G"reece, and "S"pain), Turkey, Syria, and Iran all have economies that have flat to negative economies and little reason to think they can turn things around. All of these countries have large trading relations and indebtedness to Germany, France, and to a lesser degree, England. I am not sure what happens with this and how it effects the USA. But, again, having an increasingly better economy here is a very good thing that provides options for when and if these countries default.
Back in the market to possibly get started on my 20b FD while leaving my current FD alone so this is a great read....throw in seeing some of the great names from when I was more active a whiiiiile back and it brings a smile to my face. Thanks for staying active in the rotary community guys!
10-04-18, 09:13 AM
but these two had a difference of 141K miles...
