hello everyone.
first off this forum is great. everyone is so helpful and friendly. so i am buying a 93 rx7 fd touring. the chassis has 127k miles and the rebuilt engine has 2k miles. the color scheme is silver with red interior. the exterior does have like 1 or 2 tiny dings and some scratches but still has nice shine and still good for awhile. the interior is beautiful but the seats have years of wear on it (no rips). these are the mods:
- Mild Street Port
- Greddy SP Exhaust
- Pettit K&N Intake
- Pettit Down Pipe
- Test Pipe
- Apexi Power FC ECU
- Tein HA coilovers
- Momo Sport 17x8 wheels
- Falken Azenis
- JDM front and rear spoiler
- Greddy FMIC
- Koyo racing radiator
- Centerforce Clutch
- Racing Beat Flywheel
- Defi link system gauges
- Odyssey Light weight battery
- XS Ignition Amp
- Greddy Oil Catch Can
- Cusco Strut Bar
- Greddy Type S BOV
the compressions are about 8. running at 13 psi but can do about 15 psi. he had it dynoed and it had close to 300 horses to the wheel. and he says it has almost 400 hp to the crank. ok so his asking price is $16500. is that good? and what should i do before i hand over my money? thanks in advance.

 

Modifications are practically irrelevant to the market value of a car (unless there is a 20b under the hood). Miles, condition and maintenance are the important things to note. $16.5k is way too high with those chassis miles.

I would say $12k or so assuming he has proof of the rebuild with all receipts. Less otherwise.

And 300 to the wheels is not 400 to the crank (if it had a crank).

(I'm assuming it is a 5-speed, if not take $2k+ from my prices.)

 

I STRONGLY AGREE WITH MOCONNOR. I looked for about a year before I bought my "second" FD. For that price you can get something alot better. I bought my 94 FD with only 47,000 miles, single turbo set-up, 10,000 miles on a new engine, etc.... For only 17,200. Just keep looking or ask for a lower price. My 2 cents!

 

thanks for fast response. dude it would be awesome if he lowers it to 12g.. hmm.. hhahaha well lets see how it goes..

 

If that is what you are looking for, a modded 7, then half the battle is already done with this car. Despite what others have said, mods are only irrelevant if you do not want to mod your car. You can get the package deal much cheaper this way, but you do have to add a little value for them.

This car as it sits would be a decent buy at 14K, and a steal at 12K. 16K would be at the very, very top spectrum for this particular car.

 

too expensive for the condition/year and # miles on the chasis.

i agree, about 11-12k

 

$12k......print out this page and take it as a receipt to the seller and see how he/she takes it.

 

I disagree somewhat to the whole "mods don't count" theory. While they do not add to the market value of a car in terms of what a bank would loan you to buy the car for, they do add to the value of the car in terms of what it would cost to buy the car from a sane individual that isn't hurting for money and will take what is offered, or to build the car yourself. All of this is taking into consideration that automobiles are all depreciating pieces of metal with no value for investment.

The same car without the mods would probably not even be considered for even $12K. So, you do have to add value for the mods, unless you're trying to rip the guy off. There are so many factors in the equation of buying a car, especially one that is not stock.

With that said, this car is worth what the buyer values it at and what the seller values it at, and if those two values happen to be close, then usually a car will be sold by one individual and bought by another. Just my $0.02

 

from what ive read since i been here i too think thats a little steep. i bought my 1994 pep/peg vintage red, 62K miles on body 15K miles on engine, all stock besides the silicone hoses for 15K, and the car is in mint condition, even the seats have no wear at all. so keep looking, and when i found mine, the pics of the car look really faded like orange, and he didnt mention it in the descripton but it was only cause of his crappy cam. so it worked out good

 

I'd say that if the car is tuned well, and set up correctly, to the right buyer it could easily be worth $16k. The more likely story though is that it is not in perfect condition, so I'd say anywhere from $14-15k would be a decent buy for it considering the motor has been recently rebuilt.

 

no less than 14k.

 

I was using the term 'market value' in the generally accepted sense - i.e., what a car is typically worth on the open market. The loan value of a car is very different - and for an RX-7 with this many miles is probably closer to $8k (and most banks will not finance cars more than 10-years-old).

Modifications generally add next to no value to a car for the simple reason that for every person who wants a modified car, there are ten that will not touch one. This reduction in the potential market for a modified car hurts its price. (And throw in the fact that a car has over 100k miles on its chassis and you get an even greater market reduction.) Very, very few people are willing to accept this reasoning and simply will not consider that the $5k they spent on repairs and maintenance and the $10k they spent on modification will add practically nothing to the value of their car.

This has nothing to do with ripping somebody off. A person who spends money on modifications with the expectation that they will get value for them when they resell a car is simply clueless and needs some remedial Econ 101 lessons.

The majority of car buyers value chassis miles and condition above all else. For example, I bought a mint, almost stock (AST, boost gauge) black-on-black 1993 R1 with 44k miles last year a few miles from where this car is for sale for just under what this seller is asking for. Which would most buyers prefer - a stock car with 44k miles and perfect paint and interior or a tired one with faded paint and a worn interior with 127k miles and some mods?

I have seen many local $15k+ tired-looking high-mileage FD sit on Craigslist or Autotrader for months until they seller accepts reality and heads to the $10-$12k range.

 

wow so that means my car is only worth 12k after I put close to 30k on it not including the 16k that I paid for it...daym guess I am never selling my car...

 

^^ beautiful car. dude.. why would you want to sell it even if you could get your money back. haha well i think my eyes have been open to a world of low mileage rx7s and yes moconnor i WOULD prefer a low mileage rx7 with potential then a modded car. i might wait off on buying one till i have enough money saved up for an emergency or tasteful performance mods.. well thanks you guys. i respect and took all your opinions and advice into account. im only 19 so im not in a rush and considering the rx7 has been an automotive masterpiece for more then a decade i dont have to worry about that. someday i ll join you guys as an owner. thanks you guys.

 

i just noticed your from the bay area so i change my mind. i think 16k is fair if it runs really good