Collectors, investors, and people with generly too much money are the enemies of enthusiasts

 

I'll take a car that has appreciated a lot over the years.

1963 corvette, MSRP $4,257.00

Inflation rate using 1980 CPI is about ??? 6% every yr since then.

That same 1963 corvette to break even would need to sell for $83,119.

Priced in gold, 1963, $35.09/oz

corvette cost is 121.03 ounces of gold in 1963,

today it would need to fetch $155,456 dollars or more to make a return on investment.

barrel of oil was $1.80 in 1963, corvette cost is 2,365 barrels of oil.

today you would need $220,820 or more to sell the corvette to beat the price of oil.

dow back in 1963 was $700/share, corvette was 6 shares of the dow which would now be valued at $103,384.

Basically what I am saying is the corvette in 1963 wasn't even an investment, it couldn't beat a lump of metal, a barrel of oil, or the dow.....and it also means inflation is greater than my estimated 6%/yr.

Notice that commodities have outperformed even the dow.

 

The guy that started Napster had a few FDs. He was actually on the forums waaaay back - stored his CYM in his living room. Does that count for celebrity?

 

Nice break down but I don't think anyone here believes the FD is an investment In fact like most cars its just a fun way to spend your money. What's the saying "the only way to make a million in racing is to start with a billion" and the same applies to horses, boats, cars etc.......

Yep money is the root of all evil. Hopefully the FD will never cost as much as a VW bus but if it ever does I'll have 1 or 2 for sale LOL.

Nope but clearly a cool guy and cool factoid

 

Investments are all timing.

If you bought a low mileage FD like my 95 R2 (16k miles) for 30k, maintained it and added another 10k miles over the next 10 years it's a 50k car in 2024. Now take that same 30k and put it in a stock index fund and I think you'll be lucky if it's worth 50k. I say this because I think the FD is undervalued and the stock market is overvalued.

The world economy is jacked up and I'm waiting for a corner to fall. Currently there is no good investment cough cough other than FDs LOL so patience is king.

 

Fritz, we know this car. We use to see it at VIR from time to time. Don't remember the guys name. He had the jacked up diesel truck with wheels and the RV/car hauler trailer. Wife and baby. Car was built at PFS by Ray if memory serves me correctly.

Think I snapped these back in 2009:

 

I thought it looked familiar.

Decent car but not a 30k car much less 40k fd.

As far as track performance goes possibly it was broken when it was on track with us LOL

 

Yep combine that with China's issues and I see the market at 10000 in 12 months.

One can hope LOL.

 

LOL. I think he is more of the 7/10th's kinda guy.

 

Makes sense, doesn't want to damage that beauty.

I have a serious problem with repaints especially various colors that are non original. JUST NASTY!!!!! And if you paint your engine bay black. Prep that sh#t so the red doesn't show through DAMN!!!!!

 

ha! touche.

 

Damn I know where 2 or 3 20b's are lol.

 

Sean Fanning and Sean Parker both have had FD's. the guy who did winamp, had a nice black R2.

my FD was on the cover of the magazine Red Herring...

the guy with the FD in his living room is actually Napster's MECHANIC. that CYM is long gone, there is a pristine 95 FD in its place. (and before that a 930 turbo).

 

Dude your car is a pure track animal, you bought it yellow and you damn well wouldn't ask 40k for it.

 

I was only kidding about the celebrity thing.

If any FD might hold some celebrity/notoriety value it might be PFS's old 20b car.

 

how about the ones in the fast and the furious? actually the white T2 in initial D drove the prices of those cars into 5 figures, at the time, although since then prices have dropped way off.

i agree about the PFS car, it was in all the magazines

 

Saruwatari's car.

 

Nope, no where close to that for sure!

 

Even if this car was worth 40k, Id never pay 40k for something with mismatched paint! All that money invested and they cant even get the paint right.

 

I've seen this car out at Piper. It's nicely cared for—but nothing remarkable worth $40k. My car's got more done to it, with exception of fender flares.

 

http://www.ebay.com/itm/Mazda-RX-7-Base-Coupe-2-Door-1994-mazda-rx-7-1-3-l-twin-turbo-/151391876913?forcerrptr=true&hash=item233fa8b731&item=151391876913&pt=US_Cars_Trucks
94 R2 with 6k miles. If it was a 95 it would be the unicorn. Everyone gets all excited over the CYM when their were less SSM R models imported than CYM.

Either way this is an example of a $30k+ Fd that is actually undervalued in my opinion.

 

I agree

That is a legit 40k FD. I am very tempted

 

I think it's undervalued also but we are different from the masses. As long as a guy that's looking for a sexy fast car, for what ever reason, can buy a low mileage car like a mid to late 90s Viper for $50k or less, then our beloved FDs will stay at the prices we see them at now. jmho

Most of the high priced muscle cars were loved by the masses. Our cars are loved by, well...us.
That's not to say our cars will not go up in price some day. The thing none of us know is when. Maybe when there are only a few left. There seems to be quite a number of low mileage FDs out there. At least compared to how many were built.

 

seems like a decent enough car. if it sells for 40k then good for them. if not, thats okay too

 

If anyone wanted me to check this out... It's about 45min from me.

-M