Date: Wed, 17 Apr 2002 10:42:00 PDT
From: jefrei@hotmail.com
Subject: Question from eBay Member

>From member: jefrei

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1995 Mazda RX7 R-2 for sale. Red w/only 17,600 miles. Taking offers. Raleigh,
NC. Jef at 919.671.1182 or jefrei@hotmail.com.

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Date: Fri, 19 Apr 2002 10:48:00 -0400 (EDT)
To: jefrei@hotmail.com
Subject: Re: Question from eBay Member

I'll give you $18,000 cash if it's stock and in good condition.

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Date: Fri, 19 Apr 2002 16:04:04 +0000
From: jefrei berger <jefrei@hotmail.com>
Subject: Re: Question from eBay Member

it's stock, but you're about 10k shy of what it's worth. i'll sell it
this weekend for 28 easy. thanks for the offer nonetheless. jef

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i'd say he's asking a little much... even tho it's an R2, that's 10k over bluebook for a stock machine.

 

I wouldn't pay that but I'm sure someone would. IMO, a cars worth is defined by what the most someone is willing to pay for it, not the blue book.

 

Yep, I look at some of the blue book values for cars and know I would never pay that much for 90% of them. It's all in what it's worth to you.

 

That is true. They are getting rare these days (especially one in mint condition).

 

It'd be interesting to find out what he eventually sells it for. My guess is it's going to be significantly less than $28k. When you see a high asking price sitting around for some time, that obviously means there are no takers. I think many of these cars are quietly sold for a lesser price, or in some cases, withdrawn from the market.

If a guy is loudly making the case that his car is worth $28k or whatever, he isn't likely to come back and say,
"Hey, remember my car I was trying to sell for $28,000?
Well, I finally let it go for $22,500. That was the best offer I could get. People seemed interested in the car, but I couldn't get anyone to actually show up with cash in hand."

I think when new owners come on the Forum, we should quiz them on their purchase price, and then compare that to the original asking price. That will give us a better idea of the market. If you look at the posts,
you'll see sellers and owners claiming high prices, but new owner-buyers are often bragging about the deal they got. I figure both can't be true.

 

Blue book can take their figures and shove it, and so can every other book value company.

Read my thread:
https://www.rx7club.com/forum/showth...ght=book+value

FACT: RX-7s are worth what they are worth to the person that wants it bad enough. Time after time do I see FDs sell for a LOT more than book value.

If you are willing to give him 18k for a mint 95 R2, then YOU are the one on crack.
Tell me. how many cars, for 18k LOOK as good as an FD, pull almost 1g on stock puny 225 tires, run the 1/4 mile stock in the mid-high 13s, run stock 0-60 in 4.9s, and have a stock top speed of almost 165? What's wrong? You can't think of any other cars with those capabilties for that same price range?

Yeah...I'm being an ***. Stop being an *** and INSULTING the guy by telling him you will give him only 18k for his R2. Go buy a broken down FD for 10k and leave the mint FDs for those that really want it.
Oh and just to let you know, I finally saw a 95 FD go through the auction. It, too, had 17k miles on it and was sold at the DEALER auction for $21k. Meaning the dealer that bought it will be easily selling it at $25k+ Not only are you insulting this seller, but you are offering him CHEAPER than wholesale pricing.

 

Bluebook means squat,

Can you buy an FD new? No.
Can you easily locate an FD for sale that is in good condition... no.
Is the FD rare... Yes.

Therefore it is worth plenty of $$ especially since the FD has been officially discontinued in August.

 

Hey Flybye, you're trying to talk up the price, but the market doesn't work that way. She's a cold hearted bitch. It's simple supply and demand. I've seen a number of good cars languish unsold in the for sale section of this forum. If the demand was that great, they'd be snapped right up.

There will always be exceptions and price extremes at either end, but what counts is the median selling price. The price guides are a pretty accurate reflection of that.

 

Couldn't have said it better myself!

 

This is true...but dont forget...the supply is small...and those hardcore people that demand it look for the supply in the most possible way.

Some people don't settle for whatever comes out of the sky. There are people out there who dream of buying a mind 95 FD, and those are the people that are willing to pay almost anything for it. It took me 6 months to find my FD and the way I wanted it. I didn't even haggle with the price. I mean, for what. I fninaly found what I was looking for and that was that, and I know here are others like that out there. You find what you want, and if you dont like the price, so leave it. Move on.

 

Id buy it if i was older and had more money...... Thats a nice find right there.

 

Hey guys, go cruise through the for sale section. If you follow some of these cars you quickly see the world of difference between the asking price and the selling price. Check out "94 Touring, black/black, 33kmiles".
It's been for sale since Apr. 2nd and it's still unsold. The owner talks about the offers he's been getting. My guess is he's going to have to settle for less than his asking price or hold onto the car. You can quibble about the mods he has, or question the quality of the car, but his case is an accurate reflection of what goes on in the marketplace.

 

Dude, calm down. If you read the emails, he asked me to make him an offer, so I did. This wasn't a response to an ad asking for $28k; he didn't mention any price. This is how NEGOTIATING works. Also, people on this board constantly brag about how they got some fantastically low price for their FD, so I don't see what's so insulting about using a low price as a starting point for negotiation.

I thought the claim that they guy could easily sell the car $28k in just a few days was silly because there are several FDs on Auto Trader in that price range that have been there for months.

 

Seems like a reasonable price for a $40,000, seven year old, high performance, discontinued BEAUTIFUL creation.

 

A car is worth whatever the seller places on it to that person (seller).

A buyer may have a different view (most of the time).

You can agree and try to talk down the value, but it's up to the buyer. If you want it bad enough, pay the money.

If it's too high, then look elsewhere.

I think it's rather rude and annoying when buyers try to JUSTIFY a cost on something that ONLY the seller can place a value on. The bluebook or nada are references for what is "fair" value. That doesn't dictate or regulate the sales of used cars. However, being on the selling side, you should expect people to use whatever means to talk a price down. Just the nature of the deal.

Use your discretion and references. If you feel it is too much and the seller won't negotiate, move on. I'm sure you can find a nice FD for less than $18k.

Good luck,
J

 

You can buy that '95 or you can buy my '93 for $28k, before you choose which, take a look at mine...


https://www.rx7club.com/forum/showth...threadid=70756

 

SUPPLY VS DEMAND

 

Sorry, Many of you have no idea about the market (RX-7 tt)..One about 2 hours from here just sold..It was a 93 CYM with 90,000 miles went for 22,500. Go to Peter Farrells site and look at that the cars that don't sell for 22,000-28,000...They sell like hot cakes.

 

Not that one.

My 2¢.

 

The only way your going to know how much a car is really worth is to get it appraised. Screw Blue book like everyone says here.

 

Yeah, well the banks don't say screw the blue book. That's what they're going look at if you want a loan to buy a car, and that exerts quite a force on the marketplace.

 

If you're going to be paying $28k for a 7 year old used car... you'd better be paying cash anyway. Especially a 7 year old LOW MILEAGE used car. Welcome to mechanical hell.

 

28 grand would be a nice deposit on a nice shiny dark midnight blue Z06!! yum.

I dont know if I would spend that kind of money on a car with that milage....over the past year or so Ive seen a couple pass by for the same money and half the miles...I think one even got posted on the forum front page.

I wonder what maintenance the low mile fd in question has had done.

Ernies car would be a lot more fun to test drive than either of the above though..


j

 

I agree w/ the others. The car is worth what one thinks it's worth. I've seen and heard an offer for more than $29k couple months ago. It's worth every bit of that '95 w/ super low miles.