Narfle

iTrader: (16)

Youre basing your entire argument on a $26k fd that was sold on rx7club. So much for lowballers. I also know personally of that car and know for a fact its not worth near $26k.

stock, clean, low mileage fds will always be worth more than modified FD's when you account for investment. That $26k fd probably had well over $50k of investment and still had every stupid problem that ill maintained FD's have.

PS: you look like a huge douschebag when you **** on Fritz's opinion like that. Hes been selling 7's since before you know what they were. In fact he sold me mine 2 years before you even touched one.

niburu

iTrader: (1)

I'm basing my argument on what I see them selling for locally, on ebay, on cars.com. The car was definetly worth more than $26K but that was the asking price the guy had up and there were a bunch of lowballers here saying he was asking too much. (I don't know if that's $50k worth of stuff but that's not the point)

Apparently you didn't look at my profile kid, you'd have seen I'm 15 years older than you, I've known about and loved RX-7's since before you were born.
And Fritz's opinion however respected, is just that, an opnion - which I happen to think is dead wrong. I don't see him getting his panties in knot over it like you did.

How do you even know when I first owned one? You basing that on when I signed up here, that's a mighty retarded assumption on your part.
I'll clue you in, the first 7 I ever drove was in December 1985, it was a FC, and I was hooked.

Shinobi-X

I agree. While the market bearing price will determine the vehicles value, outside of a few exceptions, I've found this to be true with regard to anyone who knows what they are purchasing. Unless the consumer is desperate or sees value in the modifications, appreciated value from modifications usually don't apply. Cars, especially modded, are still poor "investments" in general.

niburu

iTrader: (1)

I don't thin there quite that high ..... yet.
From what I see here in my area, a low mileage, stock FD and/or minor reliability mods will fetch between 15K-18K
High mileage will drop it too the 13K to 15K range
and will drop to around 10K with a salvage title
A heavily modded car, done right, will range anywhere from 18K to 30K
that's the market around here in the DC metro area, which granted is indeed a wide area

niburu

iTrader: (1)

Oh BTW it wasn't bought by an rx7club member, nor was it bought through this site . Like I said earlier I've met and talked to the person who actually bought the car.
Please stick to the facts you know.

Fritz Flynn

iTrader: (263)

Value is in the eyes of the beholder.

The gorgeous IYO or psychadelic blue car IMO may be worth 26k to you and obviously the buyer but again that's his and your opinion.

There's no secret to selling an FD. If it's a nice car and it's priced right it will sell.

Currently there's an FD listed on this forum w/ 23k miles for 24k. IMO that FD won't sell anytime soon. Why? Because there are 10 other FDs that I could find in 10 minutes that are priced better. For example Ernies car comes to mind, a 9k mile 94 and 16k 95 on autotrader etc.... etc.... Again I've been buying and selling these cars for 7 plus years so if you feel 26k for a repainted single turbo (that's lightly modded imo) that has 100k plus miles on it is a DEAL well I have to disagree. So we'll just agree to disagree

I'll also strongly disagree with your opinion of the cars for sale section of this forum. This is a great place to buy and sell cars. I recently sold a 94 to a forum member. The 1st potential buyer responded to the autotrader ad and was clueless about anything the car had to offer. He flew in from WI and wasted a day of my life, a tank of gas etc.... The eventual buyer was from the forum and understood the value of the car. BTW it was a very clean 94 with 72k miles 10k in mods and a new ported motor. Sold it for 15k. Sure I could of sold it for more but that might take a year and in the interim lighting could strike if you get my drift. I'm from the school of: a bird in hand is better than 2 in the bush.

Instead of waxing poetic about your knowledge of the value of FDs buy 30 or 40 FDs and then sell em. You'll have a great idea of there value and won't need to BS.

FDNewbie

iTrader: (10)

Fritz, the only thing I wanna ad is, being that you actively buy and sell many FDs, you don't hold out for full value. Or at least that's my view on it. You set your price (or offer amounts) that will get the deal done. Which is smart for anyone who's in business, but for the owner of a car who truly loves it and is attached to it, and sees how much effort has been put into it, and wants enough money to meet the value of the car in his eyes, he'll hold out until he gets the price he wants. I'm not talking about marking up a price by $10K lol...but say the difference between 16K and 18K etc. So IMO, what you do may demonstrate the norm or average of purchase and sale prices, but not the upper peak. Wouldn't ya agree?

~Ramy

Monkman33

iTrader: (28)

^^Well Put^^

That had to be the most professional way of bringing up an opposing perspective without being degrading. Nicely Done and Good Point.

Fritz Flynn

iTrader: (263)

Absolutely! For me holding out for top dollar doesn't make good business sense and certainly understand a sellers reasons for trying to get top dollar.

BUT:

The interest on my money market account is close to 5%, t bills are at 6% etc.....

15000 x .05 is 750

a years insurance is 500

property taxes are 250

the fact that a tree could fall on it, it could catch on fire, detonate etc... are priceless lol

Narfle

iTrader: (16)

edited because im a jerk.

Ive been under the car and im unimpressed.

FDNewbie

iTrader: (10)

Like I said Fritz...your way is def. more business-savvy.

niburu

iTrader: (1)

At this point I'm not concerned about that.
I don't particularly disagree with anything Fritz has said other than my main point -
that in my personal view I don't see FD's devalueing anymore, other than badly taken care of examples.
I am free to disagree with anyone here and y'all are free to disagree with me.

moconnor

iTrader: (14)

Love and attachment have no effect on the market value of a vehicle though. And, as you hinted at, many sellers put a huge value on these - often $5-$10k. Asking $2k above average market value is reasonable if you are willing to wait 3 months or so to sell (any longer, though, might make this decision not entirely rational).

However, the $5-$10k premiums that are common with FDs are just plain loopy. It is amusing watching all the little spats in the classifieds section of this board where sellers with inflated asking prices get all uppity at the so-called lowballers who point out that their cars are overpriced.

I have never really understood what the FD market is this way and I have never seen it with any other car.

FDNewbie

iTrader: (10)

We're special, and in many ways.

swif

iTrader: (4)

I just looked my car up on kkb and found out the retail price jumped up by 3k. I also have about 5k more miles from when i bought the car in dec. I also checked the nada and found that the price they gave me was lower, by 3k. So what does this mean.

As far as mod cars vs stock, I would think that a mod car my get more money, but the return on the stock car would probly be higher. People are not going to go gun ho for a mod due to the fact that they are not sure on the work. If a person can back the mods with paper work and show that the work has been done by someone that is knowen for great work then maybe at that piont a mod car my get top $.

As for me I will pick up another engine,trans, and diff to do my mods. I know that this is coastly,but if i ever sell the car I want the person buying the car to see that I took car of the car and that i took the time and money to not hack the car. I am not saying that people who do not do it my way are hacks. I am saying that I can show that i shave sll oem parts and that i did not comp. the interaty of the car. I also have a thing for going back to stock if i want to.

matty

cool,,,my fd is $19,840. i will sell it for $19,500. it has low miles and is in superb condition, makes 360 rwhp on stock twins and motor and goes 118mph in the traps....pm me if you are interested.

RX7 RAGE

iTrader: (22)

Are you serious matty? I thught you were doing a single turbo conversion?

matty

pretty sure.. not very motivated though.

edit: i asking top dollar because i am confident that the car is one of the best fds around. people that dont know about rx7s ask if its an 06 model. its that clean!

TempesTT

Hey guys, I'm new here. I'm in the market for an RX-7 and in comparing asking prices from autotrader.com and cars.com to KBB and NADA values, there are MANY 7s that are being asked for several thousand below book value. One of them had a salvage title, so I can understand that, but the rest are legit but selling between 2-3K below.
Anyone know why?

Mahjik

iTrader: (1)

When people need to sell something quick (i.e. they need the money), they put it at a price that will sell quick (i.e. below the average going price).

FDNewbie

iTrader: (10)

That, and the KBB prices JUST went up (pretty much right around the time F&F3 was being advertised). So my GUESS is that give it a bit, and prices will catch up w/ the now increased market value soon enough - or maybe that's just wishful thinking

yuichiror

iTrader: (1)

Yeah, more like wishful thinking. I think that it's really hard to predict when and if our cars will achieve the "collectible" status we think it deserves. With the "odd", short lifed, finicky engines FD's have, I think alot of people will stay away from them. I'd love to see my car go up in value, but that's the last thing I'm thinkin' when I'm boostin' on the road.

BTW TempesTT, love the MKIV. I plan to add one to my driveway in a few years.

dubulup

think of a 20 year old FD that has a running engine...what do you think that'll be worth???

FDNewbie

iTrader: (10)

Force induced? And engine still running? Impossible....

NeedFD

of course its possible