Flybye

As some of you may or may not know, I work at a cheesy used car lot. Nonetheless, I have access to several books and wholesale auctions that print out market reports that most dealerships go by.


Ok check this out:

93 FD 23k miles Wholesaled for $19,700
Wholesale book value with mileage adjustment: $16,650
Retail price adjusted for mileage: $14,377

93 FD 60k miles Wholesaled for $16,200
Wholesale book value with mileage adjustment: $11,550
Retail price adjusted for mileage: $13,885

93 FD 49k miles Wholesaled for $16,900
Wholesale book value with mileage adjustment: $13,475
Retail price adjusted for mileage: $13885

94 FD 29k miles Wholesaled for $16,900
Wholesale book value with mileage adjustment: $18,325
Retail price adjusted for mileage: $16,826

The 94 must have been a bit rough, then again, these books don't even specify trim options, either. Interesting how the retail soemtimes doesnt even match with the wholesale, isn't it?

This just goes to prove that the nimrods behind their coffee infested desks don't know jackshit

phatmonky

Maybe all the FD owners should ban together and raise the price of them for sell, a la supras



but wait until I buy mine first

Flybye

You know, if everyone did, people would STILL buy them. Just think for a moment...

HOW many cars can do 0-60 in 4.9s, 1/4 mile in mid to high 13s stock, have a factory top speed of about 160-165, and be able to pull almost 1g, and STILL look good doing it?

phatmonky

Can we please continue this conversation in say a month?

Import Convert

Well, plenty of cars, but none that can be found for as low of a price!

Flybye

Oh yeah, I forgot to mention for under $30k

djantlive

Are u saying the prices are off bc 93 is higher than 94? The 94 prices seem to make sense but the 93 is way off - too high.

Smilez

I dunno, its not like you can't find good deals on MKIVs...

ROTORROCKET

I'd be first in line to buy at those prices...

Sounds like a scam so dealers can buy trade-ins on the cheap and turn around and make a nice profit. I guess that's why there in business though

Lost Time

There's a few things that Flybye didn't mention. Most used car pricing books are not put out by dealerships. NADA, Kelley Blue Book, etc. are made by banks. The figures you see in these books, are based on allowable loan value determined by market and your location. The only book out there that is put together by actual wholesalers is the "Black Book". It is updated every week and is "generally" lower than the other souces.

While it may seem like an insult to FD owners that the book values are so low, the values are only there for two reasons: 1) for the bank to know how much they can loan on a vehicle 2) so the used car salesman has a printed reference to shove in your face if you ever try to trade your car in.

And Flybye, what banks do you use? Most won't give you the mileage add, only the mileage deduct, on a 93 or 94.

frank69m

Yes. These may be the prices that you see. However, supply and demand man.

I challenge anyone to find a 93 FD with

23k miles
for $14,377

Either an idiot who doesn't know the price is selling it or someone will buy it the same day.

Also, I doubt if the prices you list are accurate. When the 94s came out, they were like 6-8K more on average than the equivelant 93s

forcefed93

Fd's are worth whatever people will pay for them,,

2-Rotor

Exactly. There is more demand for them then there is supply which = a dictated price by the owner whos offering the sale. The blue book or NADA is only a baseline to work from especially in this case.

SupraTurbo

YUP, its really hard ot find good deals in mkiv's, took me 9 monthsto find mine,while i was looking i could of had many opportunies for FD's undewr 15k with low miles. werid how the FD are low valued, i think they should be higher, but i think the rotoary might have to do something with it.

RotaryKnight

Yup my ******* insurance company only wants to give me 16k for my car being stolen and they do not want to cover any of the parts...zip.

Flybye

Those little BLACK BOOKS are a crock of ****. I AM a dealer. Almost every single dealer and wholesaler go by a book from a company called Galves. Not even the people we deal with use those BLACK BOOKS. the black books DO exist, and actually ARE black, but it's from an uncommon network. Hardly anyone uses them.

The prices I gave you are the actual RETAILL price that the car should be sold for, adjusted for mileage, of course. I DO have the loan value within the same book, if you would like to know it. The whoesale prices I gave you were straight out of a Galves books and the retail values were out of the NADA books. These books generall do NOT look at market value nor do they do anytype of study on them. They base their prices by depreciation formulas that they use. I know this because I have asked guys who have been in the business their entire life. Oh, I didn't get these figures from the banks. I got them directly from MY wholesale and retail books which are the most popular ones used by the dealer industry.

Flybye

Hey, if you need any help getting wholesale reports, let me know. I have written proof that these cars are valued MUCH higher than what book values estimate.

This is not only important for valuing out an FD, but also for circumstances as yourself where as the insurance company only looks at a foken book and not the actual market condition of the FD.

I have a strong feeling, regardless of the miles, that a MAINTAINED FD will hold their current position and possibly never drop below 15k.

After all, even if an FD has 100k on the clock, and the suspension is in excellent condition and so is the body, it will be just as good as a 10k mile car. ****, I've seen 100k FDs that if the odometer was changed out to something with 5k, you would have NEVER noticed the differance.

Flybye

It's because Supra's are good drag cars, and this country is 90% drag Lovers, and so, all they ever see is how good the Supra's are on the drag strip.

Do you hav any clue how many jap Videos I have seen of a Jap spec FD killing a Jap Spec MKIV on the track?

Just recently, my friend gave me a copy of another Jap Video with a 99-01 FD vs R34 GT-R vs R33 GT-R vs NSX Type Zero vs NSX Type R vs 2 EVOs (I forgot which EVOs it was) The FD pulled ahead and STAYED in first place after staring the race like in 4ith or 5th place. Coming in 2nd was the R34. The R34 stayed right behind the FD, buty never was able to pass it, and the FD continued to inch its way forward. I forget who followed after that. If this country was anywhere NEAR this level of track racing, people would be buying 93 FDs for 30k still.

It's this country's fault as to why the FDs are valued so low. Most people don't utilize the potential it has and most people don't know how to mod and/or repair it, but the people that DO know what the FD is capable of WILL pay top dollar for them.

jeremy

iTrader: (1)

and those of us who haven't been financially fortunate rather enjoy the fact that we can pick up such a magnificant for 15,000>. its like being part of the elite that have found a potent car for less $$$ that will smack down top dollar cars. for us its a godsend. if i could have afforded to buy one new and then lose a lot of the resale but hand it over to a fellow enthusiast then i would feel great. its like helping the brothers (and sisters). i agree it sucks to lose money but if you want to invest then look somewhere besides automotive.

Smilez

Personally I don't think its a fault.

Its what most people like in the US, raw power. If the market supports power over handling, I don't think its a fault, its just what they prefer. Value is all relative anyway.

SupraTurbo

it feel you guys, my homies got a 94 FD with a mint 24k and can only get like 16,17k then I tried to see what i can get for my mkiv TT 93 with 93k miles on it, and could of gotten 21k for it, 5k more then i paid for it. I think not alot of people know what the FD's can do.

BTW u sure the FD kept up with the GT-R skyline, cus damn that AWD, they take off like a ****, like they were on slicks, i raced my homies r33 and he just took off, and its sock

Sloraxe

Dude that sucks! Take a copy of your contract and your receipts to a lawyer and see if you can get anymore out of it, its worth a try. You'd be surprised what a letter from a law office to a insurance co can do.

Lost Time

I have worked at 11 different dealerships and all of which have used the Black Book for reference. Seeing that the black book usually shows a lower value for trade-in, why would any intelligent dealer use a higher value? Your job, as a dealer, should be to purchase the vehicle at the lowest possible figure. I've never seen or used a Galves book, but I would think that there are a few major flaws with the way they calculate prices; with some sort of depreciation formula.

I doubt that they determine depreciation for every single vehicle made, they probably use categories for vehicles. This would lead to huge errors in appraising two vehicles that happend to fall into the same category. I would bet that their formula would place the FD in the same category as the Supra and.... say the MR-2. While the Supra and RX7 hold better value, the MR-2 comparatively does not. That formula wouldn't allow for that. It also wouldn't account for different cultures. Do you believe that a 94 RX7 would be worth the same in Grand Junction, CO, as it would be in Beverly Hills, CA? Of course not. The market determines the sale price. And the market varies from locale to locale. Any pricing guide that doesn't take that into account is seriously flawed.

Flybye

Yep yep. videos never lie Yes, they DO take off like a ****, but this was a road course, NOT a drag strip.

mazdaspeed00

iTrader: (6)

FLYBY:

94 FD 29k miles Wholesaled for $16,900
Wholesale book value with mileage adjustment: $18,325
Retail price adjusted for mileage: $16,826

lets say i wanted to buy a 94 FD from a dealer that had 60k miles on it. what should i offer a dealer? so that they are only gonna make like a 1 k profit. and the car is in perfect condition

thanks

and why is the wholesale KBB value higher then the retail price? thanks