|
How much is the FD worth?
I was curious on how people price the FD with the time comes to sell.. Im trying to figure out how much my FD is worth and KBB values they give us are just shitty... I have a 1994 silver stone R2 with 54K miles.. i checked out the production numbers and only 83 were made in this color and model for 1994 in the US... how much do you think its worth?
|
dont rely on what these price guides will tell you... so many factors involved..
imho.. bottomline.. your fd is worth as much as someone is willing to pay for it and youre willing to accept... interested in your r2 btw.. pm me with info.. |
16k
|
If the car is really clean and the engine is healthy it is worth between $16-18k for a silver r2 with that mileage right now.
|
a car is only worth what someone is willing to pay. That goes for anything.
|
If the car is really clean and the engine is healthy it is worth between $16-18k for a silver r2 with that mileage right now. |
+1 agreed ^ i would only sell lower unless it was another forum member and thats pushing it......its up to all diehard owners to try and give your passion to a good home
|
a car is only worth what someone is willing to pay. It is pretty much a content-free expression and conveys no useful information. In terms of its information content, it is a bit like saying that if you want to get rich you should make a lot of money. The claim that there is some theoretical person out there willing to pay an arbitrary amount of money for something is of no practical utility. Pretty much everything has a market value and that is what the OP is trying to determine. KBB gives $16k, which sounds about right. Despite many claims to the contrary, it is generally very accurate with FDs (apart from super low mileage ones). |
REALITY: It might sell for 12k in 30 days.
It's won't sell for 16k this year. Good luck :icon_tup: |
State Farm Insurance currently has these cars priced at $14,000.00 so if your car was a total loss that is what you would get.
|
Originally Posted by Fritz Flynn
(Post 8981190)
REALITY: It might sell for 12k in 30 days.
|
yeah if u wanna sell it quick..if have to say the same with fritz..around 12-13
you see touring 93s for around 10..and i know those dont sell at 10 right now |
With that logic you can sell it quick for $1 too
|
Originally Posted by spoolage
(Post 8981206)
State Farm Insurance currently has these cars priced at $14,000.00 so if your car was a total loss that is what you would get.
actually incorrect. As a policy holder you are entittled to what's called fair market price, unless you let them give what they value the car at which 99% is less than fair market price |
there are several auctions right now with buy it now prices of 15k, that don't have a single bid. And a stock 94 with a 9k buy it now....even at 9k, it has bids that are'nt at that price. times are tough right now. Let's see where the prices go once summer is here.
|
Originally Posted by LdotS5
(Post 8979712)
I was curious on how people price the FD with the time comes to sell.. Im trying to figure out how much my FD is worth and KBB values they give us are just shitty... I have a 1994 silver stone R2 with 54K miles.. i checked out the production numbers and only 83 were made in this color and model for 1994 in the US... how much do you think its worth?
Where in PA are you? |
Originally Posted by Fritz Flynn
(Post 8981190)
REALITY: It might sell for 12k in 30 days.
It's won't sell for 16k this year. Good luck :icon_tup: |
Originally Posted by jic
(Post 8981222)
yeah if u wanna sell it quick..if have to say the same with fritz..around 12-13
you see touring 93s for around 10..and i know those dont sell at 10 right now That car should bring $16k in a hurry if the body/engine are in excellent shape. Wait awhile and it will bring $18k. |
Originally Posted by djseven
(Post 8981544)
You post that car for $12k on autotrader and this forum and it will sell within 1 week. There is no secret to selling cars, autotrader.com is without a doubt your best bet. Do a detailed writeup about the car, have 40+ detailed pics posted or ready to send, and post it as one of the best priced silver 94 R2s on autotrader. I highly doubt you can find more than 5-7 silver R2s for sale in the entire country at the moment.
That car should bring $16k in a hurry if the body/engine are in excellent shape. Wait awhile and it will bring $18k. |
Originally Posted by Fritz Flynn
(Post 8982766)
If you say so but I can list 10 other cars I'd buy before this car priced at 16k and I'm certain you know of 20 so saying it would sell at 16k is not accurate in todays market. I wouldn't buy it at 12k right now.
|
i just bought my 93' R1 Touring in nearly perfect shape with a rebuilt engine (~1k miles on it) from a very reliable source and trusty friend (my mechanic)
for 20 thousand dollars :O!!!! i mean the rims alone are almost half the price of what i payed so i think i got it at a steal. i've thought about this and i wouldnt sell the car the way it is for anything less than 25k right now or in like 5 yrs if i wanna get rid of it nothing less than 20k. not to thread jack but do you guys think the value will increase on our FD's judged on rarity and the fact that it's a semi-exotic (or full exotic) car? i mean IS it even a semi-exotic? im thinking the prices will go up because cars like this are just not made anymore... or cost over 90k (not per KBB but per actual person to person value) i can honestly forsee my 93' being worth about 30k in 5 yrs... maybe i'm completely wrong but who cares... i wanna drive this thing until i'm 50. |
No, the price will not go up dramatically for 20+ years in my opinion. Even then, Im not sure we will ever see a dramatic increase. I dont think they have even hit their bottom yet, not with the way this country is being ran. I dont think anything has hit its bottom yet.
|
I would entertain $25k for mine and that's on my low side. I'm working hard on keeping it as clean and blemish free, both inside and out as I can. Though, I don't foresee any FS threads by me in the future. She's a keeper. :D
|
Originally Posted by djseven
(Post 8982967)
No, the price will not go up dramatically for 20+ years in my opinion. Even then, Im not sure we will ever see a dramatic increase. I dont think they have even hit their bottom yet, not with the way this country is
being ran. I dont think anything has hit its bottom yet. As each year goes by those m3s, boxsters, z06s, s2ks, etc... are becoming more affordable and the FD has pretty much remained steady or even increased until 2008 but I think it will continue to slide in price especially given our current state of the economy. Now is not the time to wait until summer and sell it's the time to sell it while you can at a price you can live with or KEEP IT for 20 years and make 10k. The way the stock market has been behaving FDs might be Americas best investment :D |
Originally Posted by Railgun
(Post 8983287)
I would entertain $25k for mine and that's on my low side.
I was going to say that only the Pearly white FD would be worth that much but if you look in the classifieds it is clear that it is not even selling for $17k. I cannot imagine any FD being worth $25k in the current market - even a ~10k mile, 20B 1995 R2. The entire market for a certain type of used cars has dropped 20-30% in the last six months. You can now pick up 2000+ M5s and M3 in the teens. Less exotic but fun cars (e.g., 540is, B5 S4s) of the same age are selling for under $10k. Even in the last 6-8 weeks price drops are evident and there is no sign that they are stopping. Most FDs are now worth $7k - $9k, with a few creeping up to the mid teens. Though, if Fritz is right, $12-$13k may be the high range. |
I have to disagree... they are easily 16-20k range cars depending on condition.
i payed 20k for mine and my mechanic didnt even HAVE it for sale but we had to talk him down from 23k!! and it was STILL worth it at that... i guess mines not a good example because of the wheels being kinda (well... REALLY) expensive but that aside the car was in GORGEOUS condition and easily a 18k car. |
We, as sellers, can define the value of these things. Do you honestly think that the last generation Supras are worth what they go for or that much more than RX-7s? Given the rarity of good examples, I would say that we're short selling ourselves by asking lower prices. The top 10 sellers of Supras on cars.com average over $53k (as of this posting). That's over $30k more than the avg. top 10 FDs. (This is nationwide by the way and only cars.com).
I see all too often that someone buys one, can't afford it and looks for a quick sale by selling low. THAT'S how we get the idea that these things aren't worth more than they should be. Sell high. If you HAVE to sell it low, then hopefully it will go to someone who can take proper care of it. And I agree with the above. $7-9k is a huge insult to our market and only further drags down the overall true value. |
Originally Posted by djseven
(Post 8982861)
Yea, but you and I buy cars to make profit. :) Keep in mind the military guys are not affected by this economy and they are about 20% of the fd population. On my site or autotrader.com this car would sell pretty quickly. Obama isnt bringing the troops home like he promised, he is sending them to Afghanistan. That just means more hazard pay and more $30-70k reenlist bonuses.
hell yeah...... 15 months and a re-enlistment bonus later, i got myself a 15K RX7. truth be told, i was prepared to pay more but i found one that i fell in love with. i would agree with a good portion of us military types being buyers of 7s. so if you ask me, you list that think at 18K, and some guy like me, who just got off of a long ass deployment will gladly pay that for a car he really wants. it is my experience that when a service-member wants a car, he will do what he can to get it. good luck with the sale. kinda want to see a pic of it. |
+ some absurdly large number.
|
Originally Posted by Railgun
(Post 8983868)
We, as sellers, can define the value of these things.
Do you honestly think that the last generation Supras are worth what they go for or that much more than RX-7s? The market decides worth. It is hard to argue with the substance of what Gordon has written above, for example, but the market has different priorities. $7-9k is a huge insult to our market and only further drags down the overall true value. Feb 20 - 1993 mazda rx-7 - $9000 - (Windsor,CA) pic <<cars & trucks - by owner Feb 20 - 1994 Mazda RX7!!Rare!!WOW !!Auto!!Super Clean Inside & Out!! - $8988 - (Antioch/Oakland) img <<cars & trucks - by dealer Feb 20 - 1994 MAZDA RX-7 FD COUPE TWIN TURBO MODS TOKICO SHOCKS NEW CAT SMOG - $9999 - (fremont / union city / newark) img <<cars & trucks - by dealer Feb 18 - 93 rx7 - $9300 - (san jose north) pic <<cars & trucks - by owner Feb 18 - 1994 Mazda RX7!!Rare!!WOW !!Auto!!Super Clean Inside & Out!! - $8988 - (Antioch/Oakland) img <<cars & trucks - by dealer Feb 17 - Mazda RX-7 1994 - $6500 - (sunset / parkside) pic <<cars & trucks - by owner Feb 16 - 1994 MAZDA RX-7 FD COUPE TWIN TURBO MODS TOKICO SHOCKS NEW CAT SMOG - $9999 - (fremont / union city / newark) img <<cars & trucks - by dealer |
$16k does sound right, but with this shitty economy idk
|
The value of anything is predicated against what X amount will buy. Well right now 16k buys a heck of lot more FD than a stock car with 55k miles on it. You can argue about it all day long but at the end of the day I'll take my 16k somewhere else and so will any soldier with any sense.
I'm selling my BB r1 with 62k miles for 16,500 with these mods: RS seats (easily worth 2k) M2 medium 1k PFC 600 built motor 5k etc...etc... Easily another 5k in it. I can buy a similar car for this price which is why I'm selling mine at this price. I don't know about you but that's how I price my cars and my parts. If Jim and Joe sell a PFC for 600 so do I. I can only hope people buy mine because I'll provide better service. That's how things are made and sold all over the world. If you can't wrap your head around it then you'll be confused when you're buying and selling anything but it's always made a lot of sense to me lol. |
Originally Posted by gmonsen
(Post 8985199)
Moconnor... Craigslist is the place where locals who don't know better or cannot afford to advertise nationally sell things. Two of the ads you cited are repeated twice. There are just 5 ads and not 7. None of the ads mention mileage. One is an automatic.
And the ads I listed (which I actually cleaned up somewhat to remove the guy listing his automatic every few hours) are those from the last 7 days (because they expire on Craigslist). Until six months ago I had not seen a single running FD under $10k, now there are several per week. When people note that there are cars advertised for more money on ebay that haven't gotten bids yet, it doesn't mean they aren't going to sell. There are 113 cars advertised on Autotrader -- most with pictures and most with mileage at least listed, unlike Craigslist -- and 27 (24.5%) of the 110 with prices are priced over $20,000, 38 (34.5%) are priced over $18,000, and 49 (44.5%) are priced over $16,000. Even though there is a lot of denial about it on this board, KBB has a huge influence on the selling price of an FD. Even the least car savvy person is aware of it and banks are unlikely to lend more than the KBB amount. The irony is that KBB now might be listing inflated values for these cars (and most others) because there have been a huge drop in the market value of a certain type of used car in the last six months and it has not caught up. Also, it is next to impossible to get financing for these cars now. I predicted recently that FD values would parallel those of Porsche 928s, with most selling for $4-$6k and a few nice ones reaching the teens - like the bell curve you suggested but with a much lower median. I assumed that it would take several years for this to happen but it may actually be months away given the continuing economic meltdown. |
Originally Posted by moconnor
(Post 8988100)
In the SF Bay Area, Craigslist is the place to sell or buy a car no matter how cheap or expensive it is. There are dozens of Ferraris on the at the moment (most with $100k+ prices), 10 Lamborginis, and almost 500 Porsche listings for example. I just bought a car through it a few weeks ago and will be selling two there in the next month or two. It has been ~4 years since I used Autotrader. I this area, Autotrader is for people who don't know better.
And the ads I listed (which I actually cleaned up somewhat to remove the guy listing his automatic every few hours) are those from the last 7 days (because they expire on Craigslist). Until six months ago I had not seen a single running FD under $10k, now there are several per week. I have never understood Autotrader because many of the prices listed there for pretty much any car I'm familiar with are significantly above blue book value. When I was buying an FD five years ago most of the ones listed on Autotrader had 80k+ miles with asking prices in the $18-22$k range. I bought one (through this board) for $16k with 44k miles. I tried to exploit this apparent market price difference by listing my then current car for an inflated price after I bought my FD but got nothing except a few tire kickers and email from people telling me the KBB value for the car. I eventually sold it through a local dealer for its KBB value. Perhaps many of the cars listed on Autotrader do sell for their high asking prices but I have never seen any independent evidence that they do. Even though there is a lot of denial about it on this board, KBB has a huge influence on the selling price of an FD. Even the least car savvy person is aware of it and banks are unlikely to lend more than the KBB amount. The irony is that KBB now might be listing inflated values for these cars (and most others) because there have been a huge drop in the market value of a certain type of used car in the last six months and it has not caught up. Also, it is next to impossible to get financing for these cars now. I predicted recently that FD values would parallel those of Porsche 928s, with most selling for $4-$6k and a few nice ones reaching the teens - like the bell curve you suggested but with a much lower median. I assumed that it would take several years for this to happen but it may actually be months away given the continuing economic meltdown. |
SF bay area fds
1. $9000.00 with 200k miles ;) "1993 mazda rx-7. Twinturbo. 5spd. Black with tan interior. The car has around 200k miles on it. The motor along with the turbos, clutch and tranny have only around 50k on them. The turbos are 99` jdm. the motor wasnt rebuilt, it was brand new from the factory. The car doesnt pass smog, im pretty sure it has a vacume leak which is making it run bad. It also is sometime hard to start. i have had it for four and a half years. Its always been garaged. needs a little interior work and suspension work. I dont have the time or money to work on it anymore. This car would be a great project if you wanna make a drift/track car out of it. i am asking $9000.00 OBO! NO TRADES! If you have any other questions you can call Cody at 707 363-9744. Serious callers only. Thanks." 2. $12,500.00 1993 Rx7 clean title -silver base modle, black interior, Manual Tranny, suspension- koni shocks and H&R springs, 18' MoMo Wheels, New Motor- M2 intake, Greddy intercooler, Kayo radiator, Racing Beat Exhaust & Down pipe, AST, PFC w/ comander. Runs and Drive perfect. 3. Auto Car for $9k with no mileage info :rofl: "1994 Mazda RX7!!Rare!!WOW !!Auto!!Super Clean Inside & Out!! - $8988 (Antioch/Oakland)" 4. 5 speed car for $10k with 80k miles, no engine mileage info but not a bad deal "1994 RX7 TWIN-TURBO 82K MILES BRAND NEW TOKICO SHOCKS ALL-AROUND BRAND NEW CAT PLEASE CALL SEAN AT 510-688-7878" 5. $17k Chaste White with 84k miles and decent mods 6. $11,500.00 93 red fd with no mileage or trans info and some aftermarket wheels 7. $9500.00 93 w/ 104k miles and needs paint If I were to go by those examples I wouldnt even know we are in a recession. Those prices are right in line with the prices from 2 years ago with the exception of the 80k mile car for 10k :why: |
i agree with the fact that autotrader is an excellent site... but i prefer to buy from fellow enthusiasts from enthusiast forums such as this.
i've started my search for a specific FD that i'd like to purchase and have been looking at autotrader, ebay, cctol, rotarytraderonline, etc. my search will take me nationally and i'd check craigs list too but it will only let me search locally. does anyone have any advice to open my on craigs list to search 'national' vs. specific region? are there many FD's for sale on craigs list nationally right now? thank you. |
Originally Posted by damascus
(Post 8988135)
i agree with the fact that autotrader is an excellent site... but i prefer to buy from fellow enthusiasts from enthusiast forums such as this.
i've started my search for a specific FD that i'd like to purchase and have been looking at autotrader, ebay, cctol, rotarytraderonline, etc. my search will take me nationally and i'd check craigs list too but it will only let me search locally. does anyone have any advice to open my on craigs list to search 'national' vs. specific region? are there many FD's for sale on craigs list nationally right now? thank you. When you are on craigslist you should see a list of states over to the right side of the page, just click on the state and then click on the area/region you want to search in. |
Originally Posted by spoolage
(Post 8981206)
State Farm Insurance currently has these cars priced at $14,000.00 so if your car was a total loss that is what you would get.
That being said (I think I got REAL lucky) I bet you could sell the car to the right buyer depending on condition and what the buyer is looking for @ about 16.5 and have it sold by summer. At least that would be the place to start. Put 14K on the ask and it will most likely move quicker, again, all depending on what the buy wants. I spent the extra cash for a super low mileage FD with nice mods because the unmolested look and a moderatly modded engine was that important to me. FWIW, there is some truth to it being worth what someone will pay, becaue the potential buyer will pay more if the car meets the criteria for what is important to them. ;) Someone looking for a Rotary Powerhouse will shell out the Extra $$$ for a well done single. Someone looking to build a project will probably not pay as much nor care as much about the intangibles of the cars condition. just my $.02, take it or leave it. :D |
If I were to go by those examples I wouldnt even know we are in a recession. Those prices are right in line with the prices from 2 years ago with the exception of the 80k mile car for 10k :why: I certainly don't have your experience selling FDs (and I have always used your site as a gauge of prices - you clearly don't want to keep the cars on the market for 3+ months) but the realignment of Craigslist asking prices over the past few months has been dramatic. I have been following it very closely over the past six months while looking for a fun BMW and prices seem to drop by the week. I picked up a like new E39 540i for $10.5k a few weeks that I was expecting to pay $15k for when I started looking. FD asking prices have had a similar trajectory. Now perhaps the national picture is different. |
Originally Posted by gmonsen
(Post 8988215)
Moconnor... That E39 was a great buy. I owned a 540is 6 speed and it was probably the best 4 door sedan I ever owned. That car went from being a $60,000 piece to $10-12,000 over 8 years.
It does put the bellyaching we go through WRT the price FDs into perspective. The car I bough had a new sticker price of $58k seven years after the last US FD was sold and is now selling for less than pretty much any clean FD. Ok, so we don't have Supra residuals but we do better than any other recent car I can think of. E39 M5's are down to just under $20,000 for reasonably low mileage cars. I am honestly thinking about buying a few year old Bentley that sold new for $350,000 or so and now is around $60,000 4 years later with no miles to speak of. Bentleys from the mid 90's are going for about $35,000 or so with fewer than 50,000 miles on them. You can get a $150-170,000 Maserati Quattroporte for $50-60,000 with few miles. |
Originally Posted by moconnor
(Post 8988175)
Yes - but oddly enough until 6 months ago people were still listing their super high mileage, tired FDs for $13-$15k+. In five years of looking (on and off) at Craigslist FDs I don't think I have even seen a sub $10k running one. Now I see several per week.
I certainly don't have your experience selling FDs (and I have always used your site as a gauge of prices - you clearly don't want to keep the cars on the market for 3+ months) but the realignment of Craigslist asking prices over the past few months has been dramatic. I have been following it very closely over the past six months while looking for a fun BMW and prices seem to drop by the week. I picked up a like new E39 540i for $10.5k a few weeks that I was expecting to pay $15k for when I started looking. FD asking prices have had a similar trajectory. Now perhaps the national picture is different. |
| All times are GMT -5. The time now is 09:03 AM. |
© 2024 MH Sub I, LLC dba Internet Brands