The FD is about to explode in value :)
12-19-11, 08:54 AM
#1
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The FD is about to explode in value :)
I believe our cars will double in value over the next 5 to 7 years.
I'm not going to list 10 reasons because only one matters and that's supply and demand. I've been browsing the used market on a weekly basis for 10 years and over the last 2 or 3 years the number of cars has gone from 100 to 50 and there are currently only 3 cars on the market I'd be interested in buying. My own black r2 and the two low mileage black r1s on auto trader.
Ask yourself how much you'd pay for a mint FD with 20k to 30k miles on it. Currently I'd pay about 20 to 25k but in two years there will probably be 1 available at 30k and only about 30 cars on the market and 90% the cars available will be junkers or heavily modded cars with issues. Hell in 2 years junk rollers will be selling for 3 to 4k.
BOTTOMLINE: If you want an FD buy it now.
I'm not going to list 10 reasons because only one matters and that's supply and demand. I've been browsing the used market on a weekly basis for 10 years and over the last 2 or 3 years the number of cars has gone from 100 to 50 and there are currently only 3 cars on the market I'd be interested in buying. My own black r2 and the two low mileage black r1s on auto trader.
Ask yourself how much you'd pay for a mint FD with 20k to 30k miles on it. Currently I'd pay about 20 to 25k but in two years there will probably be 1 available at 30k and only about 30 cars on the market and 90% the cars available will be junkers or heavily modded cars with issues. Hell in 2 years junk rollers will be selling for 3 to 4k.
BOTTOMLINE: If you want an FD buy it now.
12-19-11, 09:44 AM
#2
Interesting thoughts Fritz. I have always believed that our cars would become highly priced collectors items at some point. When it will happen has always been the question.
I doubt that there is anyone better qualified to make that statement than you. I hope you are right ............. not that it matters for me. I'm not selling my car!!!
I doubt that there is anyone better qualified to make that statement than you. I hope you are right ............. not that it matters for me. I'm not selling my car!!!
12-19-11, 09:52 AM
#3
Interesting thoughts Fritz. I have always believed that our cars would become highly priced collectors items at some point. When it will happen has always been the question.
I doubt that there is anyone better qualified to make that statement than you. I hope you are right ............. not that it matters for me. I'm not selling my car!!!
I doubt that there is anyone better qualified to make that statement than you. I hope you are right ............. not that it matters for me. I'm not selling my car!!!
If it topped a million, I would sell. Otherwise, I'll be buried in it
.
12-19-11, 09:53 AM
#4
I agree Fritz, if you want a LHD. But, are you accounting for the influx of imported cars after 6 years? If people don't mind a RHD, we are 6 years away from being in a cheap FD import surplus. Each year after that there will be more and more eligible FDs for the picking. Wouldn't you want to pick up a genuine Spirit R when they become eligible for import?
Another interesting thing to think of is what the car culture is going to be like in 10-20 years, one of the reasons that classic cars are valuable today is that they can easily be washed/waxed/mothballed and brought out to play when needed. What happens in the future when cars are mainly electric powered? Will it even be legal to own/drive these cars on the roads when cars drive themselves? Will we be able to buy gasoline at a decent price or will everyone be converted over to E85?
There are too many questions about the future of cars/transportation to say with any certainty, but I do agree that things will definitely get more expensive for us. I just don't know if it will be car prices or operating costs.
Another interesting thing to think of is what the car culture is going to be like in 10-20 years, one of the reasons that classic cars are valuable today is that they can easily be washed/waxed/mothballed and brought out to play when needed. What happens in the future when cars are mainly electric powered? Will it even be legal to own/drive these cars on the roads when cars drive themselves? Will we be able to buy gasoline at a decent price or will everyone be converted over to E85?
There are too many questions about the future of cars/transportation to say with any certainty, but I do agree that things will definitely get more expensive for us. I just don't know if it will be car prices or operating costs.
12-19-11, 10:12 AM
#5
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I agree Fritz, if you want a LHD. But, are you accounting for the influx of imported cars after 6 years? If people don't mind a RHD, we are 6 years away from being in a cheap FD import surplus. Each year after that there will be more and more eligible FDs for the picking. Wouldn't you want to pick up a genuine Spirit R when they become eligible for import?
Another interesting thing to think of is what the car culture is going to be like in 10-20 years, one of the reasons that classic cars are valuable today is that they can easily be washed/waxed/mothballed and brought out to play when needed. What happens in the future when cars are mainly electric powered? Will it even be legal to own/drive these cars on the roads when cars drive themselves? Will we be able to buy gasoline at a decent price or will everyone be converted over to E85?
There are too many questions about the future of cars/transportation to say with any certainty, but I do agree that things will definitely get more expensive for us. I just don't know if it will be car prices or operating costs.
Another interesting thing to think of is what the car culture is going to be like in 10-20 years, one of the reasons that classic cars are valuable today is that they can easily be washed/waxed/mothballed and brought out to play when needed. What happens in the future when cars are mainly electric powered? Will it even be legal to own/drive these cars on the roads when cars drive themselves? Will we be able to buy gasoline at a decent price or will everyone be converted over to E85?
There are too many questions about the future of cars/transportation to say with any certainty, but I do agree that things will definitely get more expensive for us. I just don't know if it will be car prices or operating costs.
E85 is a political joke and I don't think it will last. Liberals want alternative fuel and waste more fuel making it than they save using it. Our government is currently in a state of doing what's politically correct and extremely short sighted on anything relating to monetary concern. It's so bad right now that Obama is likely to get re-elected despite being equally as bad as Bush because there's nobody with any ***** to lead our country or actually REALLY start making some changes. Sorry don't get me started on politics lol.
Regarding cost. Gasoline will actually go down, WHY, again demand and supply. We are and will remain in a world recession which means everybody will be limiting there gas use.
If and when most of our cars are electric the OLD gasoline cars will be worth even more because you just doubled/tripled the desire to go back to yesterday or the reason we collect things to begin with. What's really cool about that is the engines themselves will take on a greater importance for collectors (not that they don't now) but it will be even more important. So the rotary will be twice as cool
No doubt when it comes to the FD I see the glass as 1/2 full and you can debate anything on this earth but as I've said before my own FD foundation is solid granite
PS in the next 5 minutes the sun could blow up
PSS If RHD cars become cheap enough to import I'll buy them for parts but HELL no I don't want to drive one.
12-19-11, 10:37 AM
#6
On a whim I looked up some import prices and found a 50,000km '92 FD for $4000 in decent condition. Sure, it isn't LHD but there are many different opinions/tastes within our community. Some people have converted LHD to RHD just for that "uber JDM" feel. I see an influx of these cars allowing us to keep our LHDs out of the hands of the street racing crowds hands and more in the hands of the collectors. But their existence will keep LHD prices down due to segmenting our market and increasing supply.
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12-19-11, 10:59 AM
#8
Well, we can look at the Canadian market. They have both RHD and LHD cars.
I definitely think the influx of RHD cars to the US would decrease the value of modded and mildly to heavily used cars. Mint cars will be on the up and up though as the only replacement would be a cherry and specially spec'd car like a Spirit R but those will command an even larger premium which will leave the mint cars alone.
I definitely think the influx of RHD cars to the US would decrease the value of modded and mildly to heavily used cars. Mint cars will be on the up and up though as the only replacement would be a cherry and specially spec'd car like a Spirit R but those will command an even larger premium which will leave the mint cars alone.
12-19-11, 11:16 AM
#10
With the rapid rate "AFFORDABLE ROLLERS" guys buying FDs and messing them up they are going to be wiped out faster in the next 5 yrs.
I am happy to say my baby on has 60k miles. I put 20k in 2 yrs daily driving it. I wont sell it unless I find a lower milage white FD.
I am happy to say my baby on has 60k miles. I put 20k in 2 yrs daily driving it. I wont sell it unless I find a lower milage white FD.
12-19-11, 11:27 AM
#11
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Here in Canada I've always looked out for them in classifieds and everything. Since they started Importing the RHD FD's the price of the LHD cars has dropped. It use to be 20k easily and never much less for LHD I remember a few years ago I saw one for 14k and thought it was the deal of the century . Now I've saw quite a few decent LHD going for 8-10k.
I own a 92 RHD Efini Rx-7 Type-R I got for cheap. I don't mind it. The hardest thing to get use to is the turn signals being opposite.
I like to think of it as having an FD in its purest form.
5 more years and I could own a 02 spirit R
we have a 15 year rule here
I own a 92 RHD Efini Rx-7 Type-R I got for cheap. I don't mind it. The hardest thing to get use to is the turn signals being opposite.
I like to think of it as having an FD in its purest form.
5 more years and I could own a 02 spirit R
we have a 15 year rule here
12-19-11, 11:32 AM
#12
Reading this thread makes me not want to drive my FD!! Once its paid off we're getting my wife a car and I'm gonna start daily driving my truck. I bought my All original FD with 40k on the clock 3 weeks ago. I hate putting miles on it but its too fun to just stare at. I gotta drive it :P I'm only doing reliability mods for right now and keeping all original parts in the event I ever put it back to stock. I knew this car was more of an "investment" than a toy
12-19-11, 11:37 AM
#13
i doubt it will happen. i've also seen rolling shells decrease in value over the last 5-7 years. the prime non molested examples will be the only exception and i still highly doubt they will come close to doubling in value, unless you count inflation..
the car already has a higher resale value over many new cars after only a year after driving them off the lot. you can't really expect much more than that.
if you realistically think people are going to pay $25k+ for an FD, i really don't know what to say to argue the point. you can build just about any car into your dream car with a little time effort and some cash. i have never really seen even a single FD that didn't have at least one issue with the car.. they all have something, beit the nonexistent map cover, center vent, broken door handle, door tin canning due to broken support bead, suspension popping, original engine about to give out, you name it.
the real reason i say this is because i know MANY people over the years ask reasonable prices for their cars and they could not even fetch blue book value. instead they either kept the car and garaged it or parted them out. that to me does not seem like the market exploding with people looking for nice clean FD's. more like people looking for a nice chassis to drop an LS into for less than $10k.
sorry but i REALLY am not seeing it.
only way it may happen is if the economy miraculously explodes and people start walking around with $50k+ bank accounts burning holes in their pants. right now people are working 2 jobs just to keep the house. in all honesty i don't see the economy ever fully recovering.
the second generation TII models are also becoming very scarce as the drift kids plant them into walls, but even assuming you will get more than $3.5k for a nice example is a pipe dream unless you find one of the very few people with cash looking at that exact moment in time. i won't even mention the non turbo models, you can't give them away. look at the REPU, less than 2500 produced from 1974 through 1977 yet even fully restored you'd be lucky to get $6k. yes i know those examples don't quite compare but my point is people aren't spending top dollar for cars these days, yet i see people asking well beyond current value all the time with their ads being bumped daily, weekly, monthly.
just because the cars are getting older doesn't mean you'll be lucky enough to find that one in a million person who just hit the lottery and want to buy EXACTLY your car for an exorbitant price. i just see this as a false hope thread, sorry. they will continue to appreciate in value, but not nearly at an exponential rate.
the car already has a higher resale value over many new cars after only a year after driving them off the lot. you can't really expect much more than that.
if you realistically think people are going to pay $25k+ for an FD, i really don't know what to say to argue the point. you can build just about any car into your dream car with a little time effort and some cash. i have never really seen even a single FD that didn't have at least one issue with the car.. they all have something, beit the nonexistent map cover, center vent, broken door handle, door tin canning due to broken support bead, suspension popping, original engine about to give out, you name it.
the real reason i say this is because i know MANY people over the years ask reasonable prices for their cars and they could not even fetch blue book value. instead they either kept the car and garaged it or parted them out. that to me does not seem like the market exploding with people looking for nice clean FD's. more like people looking for a nice chassis to drop an LS into for less than $10k.
sorry but i REALLY am not seeing it.
only way it may happen is if the economy miraculously explodes and people start walking around with $50k+ bank accounts burning holes in their pants. right now people are working 2 jobs just to keep the house. in all honesty i don't see the economy ever fully recovering.
the second generation TII models are also becoming very scarce as the drift kids plant them into walls, but even assuming you will get more than $3.5k for a nice example is a pipe dream unless you find one of the very few people with cash looking at that exact moment in time. i won't even mention the non turbo models, you can't give them away. look at the REPU, less than 2500 produced from 1974 through 1977 yet even fully restored you'd be lucky to get $6k. yes i know those examples don't quite compare but my point is people aren't spending top dollar for cars these days, yet i see people asking well beyond current value all the time with their ads being bumped daily, weekly, monthly.
just because the cars are getting older doesn't mean you'll be lucky enough to find that one in a million person who just hit the lottery and want to buy EXACTLY your car for an exorbitant price. i just see this as a false hope thread, sorry. they will continue to appreciate in value, but not nearly at an exponential rate.
Last edited by RotaryEvolution; 12-19-11 at 12:04 PM.
12-19-11, 12:02 PM
#14
IMO the real collector will be the 93' Competition Yellow Mica R1. Its even more rare to find a mint stock condition one on the market today. This a one of a kind beauty that still remains eye catching if seen on the roads.
12-19-11, 12:04 PM
#15
I bought my All original FD with 40k on the clock 3 weeks ago. I hate putting miles on it but its too fun to just stare at. I gotta drive it :P I'm only doing reliability mods for right now and keeping all original parts in the event I ever put it back to stock. I knew this car was more of an "investment" than a toy
I've always viewed it as the economy finally entering a state of what it should be.
12-19-11, 12:29 PM
#17
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12-19-11, 01:15 PM
#20
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Seeing as how you drive on the left side of the road in England you can very easily compare having my LHD rx-7 there to having a RHD one here.
The "fun" factor of having your steering wheel on the wrong side of the car will quickly wear off, and it will just become inconvenient (not to mention dangerous in certain situations, like passing on a single-lane road) at best.
Unless, of course, you're a mail man... then you'll probably love having the RHD sports car..
12-19-11, 01:17 PM
#21
When I lived in England I had a RHD (my local DD) car and a LHD (my FD) car.
Seeing as how you drive on the left side of the road in England you can very easily compare having my LHD rx-7 there to having a RHD one here.
The "fun" factor of having your steering wheel on the wrong side of the car will quickly wear off, and it will just become inconvenient (not to mention dangerous in certain situations, like passing on a single-lane road) at best.
Unless, of course, you're a mail man... then you'll probably love having the RHD sports car..
Seeing as how you drive on the left side of the road in England you can very easily compare having my LHD rx-7 there to having a RHD one here.
The "fun" factor of having your steering wheel on the wrong side of the car will quickly wear off, and it will just become inconvenient (not to mention dangerous in certain situations, like passing on a single-lane road) at best.
Unless, of course, you're a mail man... then you'll probably love having the RHD sports car..
you can't pull up to the post office and drop off mail without getting out of the car, get coffee, get fast food, you get the point. and if you get T-boned making a left at a light, kiss your *** goodbye. also took me a while to get used to shifting with my left hand in the rental car we had in ireland.
Last edited by RotaryEvolution; 12-19-11 at 01:20 PM.
12-19-11, 02:28 PM
#25
triple in value? never in our lifetimes, probably never period.
Fritz- buyers like yourself are few and far, a $30k FD might literally have 2 buyers willing to spend that money, now a $12k FD might have 20 buyers.
Years from now you are talking about finding cash buyers willing to spend $40-$50k on a FD? I just doubt it. Getting a loan? Good luck, maybe a personal loan but those aren't exactly easy to get anymore, home equity loan? good luck on that too Think how much better cars are these days- so now you have a guy who might be able to get very low financing on a new car with full warranty.
Old rotary is a very limited market ,it will never have the appeal of something like a 69 camaro that anyone can own.
Fritz- buyers like yourself are few and far, a $30k FD might literally have 2 buyers willing to spend that money, now a $12k FD might have 20 buyers.
Years from now you are talking about finding cash buyers willing to spend $40-$50k on a FD? I just doubt it. Getting a loan? Good luck, maybe a personal loan but those aren't exactly easy to get anymore, home equity loan? good luck on that too Think how much better cars are these days- so now you have a guy who might be able to get very low financing on a new car with full warranty.
Old rotary is a very limited market ,it will never have the appeal of something like a 69 camaro that anyone can own.