CURRENT resale values?
this is the reason you really have to evaluate ur situation and which way you want to go with ur car. im at the point right now where i would actually make money on my car. wow, what a concept.
This is all really good news... My FD has right around 59.5k miles (it's a '94)... about 2k miles on the rebuilt motor.... and it's only lightly modded -- HKS intake and exhaust, downpipe, coilovers, AST bypass, strut bar, pulley, A-pillar boost gauge, and silicon hoses....
I hadn't checked FD prices in a while, but a couple years back (yes, that's years!) I saw people saying that 12k was good... I'm glad to see that the market is much better now, especially since I've been considering selling mine....
I hadn't checked FD prices in a while, but a couple years back (yes, that's years!) I saw people saying that 12k was good... I'm glad to see that the market is much better now, especially since I've been considering selling mine....
Originally Posted by RX7 8U
A few weeks ago, my neighbor sold his clean 93 MB Touring w/ 100+k miles on the original motor with M3 intake/exh package and RB springs for $19k and a bunch of parts with it. He sold it to a guy in Florida (3000 miles away). Now there are only 2 RX7s left on my street.
I'm the one that got this RX. It's actually a 94. Your neighbor and I have been friends for over 20 years and I remember when he got the car. Back then I told him if he ever wanted to get rid of it let me have first dibs. Well the time came and I picked it up. I have fixed the few deficiencies he told me about and the car runs great and cool. It is a high mileage motor but who cares; these motors cannot be compared to reciprocating and about 60K is the maximum life. 115K no doubt must set a record and the compression is dead nuts. The car was never abused, in fact, probably one of the cleanest I've ever seen.
Value? Consider that these cars are a passion that the aftermarket cannot comprehend nor put value to as they are rare. The maintenance record does not lend them as a family grocery getter and that comes out in the aftermarket value assessment. So, for my case the price paid was a value to me. Seems it's up to what the buyer is willing to absorb for condition, modifications, and drive train / engine life. My stab on market:
less than $10K; body-4, interior-marginal/missing, engine-3, modifications-high (not necessarly correct), CARB road legal-no, consumable (tires, shocks, hoses, belts, etc.) condition-poor.
$10K - $15K; body-6, engine-5, interior- worn / complete, modifications-medium to high, CARB road legal-doubtful, consumables condition- average.
$15K - 20K; body-8, interior-good to excellent, engine-7, modifications- medium (professionally installed and with specific integrated purpose), CARB road legal-probably, consumables condition- good.
Greater than $20K; body-9 to 10, interior-like new, modifications-medium to high (professionally installed and with specific integrated purpose, CARB road legal, yes, consumables condition-new.
My take based on what seen.
Joined: Jul 2003
Posts: 4,678
Likes: 96
From: Bay Area, CA
Originally Posted by ttmott
My take based on what seen.
While you may have been happy paying $19k for a car with 115k miles because you knew its history, the value you would get one the open market would be far lower. I would expect a mint car with 20-30k miles for that price.
Not questioning your purchase because you are clearly happy with it, but the market has different priorities than you do. There is a reason that the KBB private party value for a 1994 in good condition with 115k miles is close to $14k, while it is $19k for one with 30k miles.
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