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Old 07-23-15, 08:40 AM
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Originally Posted by Montego
Man I told myself when I saw this thread that I wasn't going to contribute.... but I just can't help myself.



I’m sorry but the latter is not what matters. Unfortunately or fortunately (depends which side of the line you're on) a vehicle appraisal is based on current for sale ads. Which is very UNLIKE a home appraisal where sold prices are public information and therefore used to come up with a monetary value.

As an example:
If you total your vehicle, you are entitled to a ‘fair market price’ cash payout by your insurance. The way fair market price is determined is by collecting CURRENT for sale ads of accurate comparables. Remember the information comes from the 'for sale ads', in other words asking price. So if the law recognizes the fair market price method for determining a car’s value why would it be any different for us? That easy. It’s not




It is actually common knowledge that if you accept blue book price for a vehicle you are getting ripped off. Pretty much the only people who go by KBB is car dealers on trade ins (who will immediately put your car on the lot and add a few grand to what they gave you), and insurance companies attempting to low ball you (that is until you utter the magic words “I am entitled to fair market price of my vehicle”).



Snook,

You are not thinking like a collector IMO. A collector does not purchase an automobile because of reliability or practicality. As an example I offer my response from a thread just like this a few months back:






It already happened just a few days ago:

93 CYM with 109K was just listed on here for $18K on 07-20-15, 07:26 PM & sold on 07-21-15, 11:59 AM for $16.5K. It took 16.5 HOURS to sell!!!. I'm thinking the seller could have gotten asking price if he would have held out for a full 24 hours

https://www.rx7club.com/3rd-generati...ellow-1086873/


.
Yep. People just don't list their car for sale for 25k with hopes of getting 16k.

When a car sells in less than 24 hours there's a good chance it was on sale/blue light special.

So back to the topic on hand. Dude list a beat up repainted CYM for 18k and it sells in less than 24 hours for 16,500. Somehow I think a 95 with low miles may be worth more than NADA suggest LOL
Old 07-23-15, 04:45 PM
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Regarding asking price vs sold price:

Originally Posted by Montego
I’m sorry but the latter [ sold price ] is not what matters.
So wait wait wait, I'm not saying this is the case, but--as gmonsen put it--

IF it was the case that everyone is asking 25,000 for these (cherry) cars, but at the end of the day are being sold for 15k, you're saying that they're still worth 25,000 because everyone is asking that much? (or because an appraiser told you so, based on other peoples high asking-price-hopes)

The line "its worth what people are willing to pay" doesn't apply, or do you think that just plain false?


By the way, the person who bought that yellow 109k mile FD for 16,5 mentioned:

Originally Posted by sharkpah
FD always been my dream car
dreamers of FDs aren't going to be around forever to pay the prices we've come to expect. Fritz/Montego, would YOU have paid 16,5 for that?! Would anyone experienced with these cars?

I don't mean to be a nay sayer, but I bought this car 'cuz I love this car. And I could give a **** whether or not it gained or dropped in value.

this is just my opinion. I do not doubt the price will rise, but I..guess I don't really see the point of this thread (beyond gratifying owners that what they own is possibly worth more than it was 5 years ago---wait , is that the point?).

Last edited by 00SPEC; 07-23-15 at 05:09 PM.
Old 07-23-15, 05:13 PM
  #78  
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Cool

Originally Posted by Fritz Flynn
Yep. People just don't list their car for sale for 25k with hopes of getting 16k.
Well, that is what this guy is hoping for.
I wish him good luck with the sale.

http://www.ebay.com/itm/Mazda-RX-7-R1-Coupe-2-Door/191640108924?_trksid=p2047675.c100005.m1851&_trkparms=aid%3D222007%26algo%3DSIC.MBE%26ao%3D1%26asc%3D20131003132420%26meid%3D35c7cb40698a45fbbb8eaeda3701ac7a%26pid%3D100005%26rk%3D1%26rkt%3D6%26sd%3D221831341457
Old 07-23-15, 10:49 PM
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Tell you what. Fd prices are up 25% from 5 yrs ago. A good example that you would want to buy gets mid 20s now. They were high teens when I left in 2010.

I am going to wager that they don't appreciate further unless it's simple dollar devaluation. I think the market is too small. There are a few people that know what these cars are but it never had the following of say a Nova. I think less and less people are interested in them. So while supply will evaporate over time and that is a good thing I think the demand will also evaporate. People get tired of them. They are a lot of work to maintain and sometimes can be overwhelming. Each bad experience removed a potential buyer. It's sad. These are great cars. But eventually they will be extinct. That's my view. I actually think the downward spiral will start soon. Perhaps it alresdy has. It's easy. Fritz, are you noticing a longer amount of time to turn one over. It seems like that silver one is taking forever.

Last edited by matty; 07-23-15 at 10:54 PM.
Old 07-24-15, 08:38 AM
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Originally Posted by matty
Tell you what. Fd prices are up 25% from 5 yrs ago. A good example that you would want to buy gets mid 20s now. They were high teens when I left in 2010.

I am going to wager that they don't appreciate further unless it's simple dollar devaluation. I think the market is too small. There are a few people that know what these cars are but it never had the following of say a Nova. I think less and less people are interested in them. So while supply will evaporate over time and that is a good thing I think the demand will also evaporate. People get tired of them. They are a lot of work to maintain and sometimes can be overwhelming. Each bad experience removed a potential buyer. It's sad. These are great cars. But eventually they will be extinct. That's my view. I actually think the downward spiral will start soon. Perhaps it alresdy has. It's easy. Fritz, are you noticing a longer amount of time to turn one over. It seems like that silver one is taking forever.
Your latest car has put a bit of a damper on the old FD attitude LOL

Check out low mileage FBs and FCs their prices are also going up.

The current prices are likely to stay fairly stable for a year or two but I expect an increase at the 25 year mark (2018 or so).

The car you currently own is a highly modded FD which is one reason you are having so many issues. A bone stock FD with a few mods is still a brilliant driving, sounding, beautiful car and there is nothing else out there like it.

We all want to feel unique and special and the FD is a unique and special car that people will pay for and I believe the market is fairly big and could support this car at 40k in 5 years. This will suck for me because I'll probably still be buying them LOL

My silver car is actually far from stock which is the biggest reason it hasn't sold. Also I'm firm on the price which is too high for a modded FD. Most folks willing to spend 20k plus want a low mileage mostly stock car. With that said it would of been a great car for you to step into. Not big power but enough and an easy 150 pounds lighter than your current car but most importantly it is completely sorted and will likely run well for years with little maintenance.

I've just recently bought a black touring that should be a solid DD car. This means I can further mod my silver car making it my light weight model. Plan to pull out the AC, then PS and possibly even the carpet. Should be able to get the weight down to 2550 without taking the carpet out
Old 07-24-15, 08:40 AM
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Originally Posted by RedBaronII
Well, that is what this guy is hoping for.
I wish him good luck with the sale.

Mazda RX 7 R1 Coupe 2 Door | eBay
Not much info in that ad but no doubt he is dreaming. If it sold for 20k I'd be surprised.

Some nice mods but again he should really put some more details into the ad and then who knows depending upon the turbo kit etc... he may get 20 plus for it.

From where I'm standing it's worth a lot more than the 16,500 cym though
Old 07-24-15, 08:44 AM
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Originally Posted by 00SPEC
Regarding asking price vs sold price:



So wait wait wait, I'm not saying this is the case, but--as gmonsen put it--

IF it was the case that everyone is asking 25,000 for these (cherry) cars, but at the end of the day are being sold for 15k, you're saying that they're still worth 25,000 because everyone is asking that much? (or because an appraiser told you so, based on other peoples high asking-price-hopes)

The line "its worth what people are willing to pay" doesn't apply, or do you think that just plain false?


By the way, the person who bought that yellow 109k mile FD for 16,5 mentioned:



dreamers of FDs aren't going to be around forever to pay the prices we've come to expect. Fritz/Montego, would YOU have paid 16,5 for that?! Would anyone experienced with these cars?

I don't mean to be a nay sayer, but I bought this car 'cuz I love this car. And I could give a **** whether or not it gained or dropped in value.

this is just my opinion. I do not doubt the price will rise, but I..guess I don't really see the point of this thread (beyond gratifying owners that what they own is possibly worth more than it was 5 years ago---wait , is that the point?).
I would have bought several other cars before going with that cym at 16,500

You are always better off paying a little more for a lot more car

BOTTOMLINE: NICE LOW MILEAGE manual trans popular color interior and exterior FDs are selling for 25k and up.

If you see a clean (mechanically and cosmetically sound) black, white or silver FD with under 25 or 30k miles sell for under 25k the buyer did well.

Point of this thread is obvious: it's to talk about the car we love

Last edited by Fritz Flynn; 07-24-15 at 09:26 AM.
Old 07-24-15, 09:43 AM
  #83  
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Originally Posted by 00SPEC

this is just my opinion. I do not doubt the price will rise, but I..guess I don't really see the point of this thread (beyond gratifying owners that what they own is possibly worth more than it was 5 years ago---wait , is that the point?).
The point of this thread......me admitting I was wrong. Up until 2008-09 no one in the country had sold more FDs than myself and Fritz. Now Addicted Performance Unltd and Eccentric Performance(Allrotor93) move them like hot cakes and I can't keep up.

For years I said this wouldn't happen, and this was during the time it would have benefited me greatly if it did. I truly believed the car would always be a high teens low $20k car for a nice low mileage example. These cars ARE SELLING for $20k plus now and I know of multiple ones that HAVE SOLD for $25-30k.

Believe it if you want but the value has risen sharply in the last two years. I used to snag up deals that would make people sick, those deals are extremely extremely few and far between these days. If you have a low mileage pristine FD or a highly modified one with quality parts you are sitting in a good position right now. If you dont, you are going to have to pay more to get one.
Old 07-24-15, 10:23 AM
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I find it weird that a there is a group that could deny that scarcity will drive prices up more than anything... Reading thru I see that there were comments that; lack of parts, reliability etc effects the upside of collectable cars. I have a neighbor that has a nice Alfa collection that has gone up a ton and continues to go thru the roof(after a decade of being stagnate). Like our beloved FD's, these Alfa's(one of many examples) are known as beautiful but temperamental.

These cars represent a great driving experience in one of the most beautiful designs to ever hit the road. As cars continue to become more digital, these analog experiences become that much rarer and more desirable.

These are not going to be Miura's ever but I do think, in time, we will see incredible appreciation and in the meantime we get to drive something exciting and unique.
Old 07-24-15, 11:37 AM
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Originally Posted by SCinfidel
I find it weird that a there is a group that could deny that scarcity will drive prices up more than anything... Reading thru I see that there were comments that; lack of parts, reliability etc effects the upside of collectable cars. I have a neighbor that has a nice Alfa collection that has gone up a ton and continues to go thru the roof(after a decade of being stagnate). Like our beloved FD's, these Alfa's(one of many examples) are known as beautiful but temperamental.

These cars represent a great driving experience in one of the most beautiful designs to ever hit the road. As cars continue to become more digital, these analog experiences become that much rarer and more desirable.

These are not going to be Miura's ever but I do think, in time, we will see incredible appreciation and in the meantime we get to drive something exciting and unique.
Well said and so true in every respect
Old 07-24-15, 12:47 PM
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I briefly skimmed through some of these responses and for those that think the value is going to increase, you are sadly mistaken. In reference to the 25 year rule, the market will soon be flooded with jdm FD's. Hell, you can get a jdm FD for 7-13k CAD. You do realize the FD continued production into the 2000's right? This means thousands more vehicles available for purchase.

Now this won't sharply drop prices, but I do expect a decrease. I mean, why wold you spend 10k for a shell in America when you could just drive to Canada and buy a running RHD version for cheaper or near the same?

Once again, prices will eventually rebound and go back up but I do forsee a dip in the next few years.

Last edited by djSL; 07-24-15 at 12:51 PM.
Old 07-24-15, 02:44 PM
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Do you know how much it is to ship cars here from over seas? There is not going to be a flood of fd's coming in just like there isn't a flood of skylines coming in now. It makes no sense to ship cars to a country where they are already available, especially when the steering wheel is on the wrong side for a majority of the potential buyers.

You could a decent price on shipping a car over here, but that's assuming you do ALL the legwork yourself. Including flying to Japan for example, finding and purchasing a clean car, arranging shipping and pickup in both countries, add that in with the import/export fees, your 12k clean fd is now 17k minumum.

Or, you can find someone knowledgeable to find you a clean car and pay them for their time, and then you can pay a broker for his time to handle all the logistics and customs and freight forwarding, you think it will be cheaper? Get real.

You may as well buy a low mileage FD you can sit in and kick the tires here in the states. My .02
Old 07-24-15, 02:56 PM
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Originally Posted by silverTRD
Do you know how much it is to ship cars here from over seas? There is not going to be a flood of fd's coming in just like there isn't a flood of skylines coming in now. It makes no sense to ship cars to a country where they are already available, especially when the steering wheel is on the wrong side for a majority of the potential buyers.

You could a decent price on shipping a car over here, but that's assuming you do ALL the legwork yourself. Including flying to Japan for example, finding and purchasing a clean car, arranging shipping and pickup in both countries, add that in with the import/export fees, your 12k clean fd is now 17k minumum.

Or, you can find someone knowledgeable to find you a clean car and pay them for their time, and then you can pay a broker for his time to handle all the logistics and customs and freight forwarding, you think it will be cheaper? Get real.

You may as well buy a low mileage FD you can sit in and kick the tires here in the states. My .02
Come to Canada and see how many JDM cars there are here... There are plenty of shops (I'm talking at least 10 in AB and BC alone) that do nothing but import cars from Japan. For those who don't know, in Japan the govt makes it expensive to maintain and operate older cars in order to keep people buying new and boost the economy, so used cars in auctions are really affordable.
Google TYEE Imports. They can sell these cars for good prices including having people scouting the cars in Japan, all the importation documentation, AND transport costs from Japan. The only reason they may not be 'flooding in' is because us Canadians have bought them already
Old 07-24-15, 03:07 PM
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^in addition, there is a federally registered importer that I know in the state of Oregon. As stated, their are plenty of FD's in Canada and for me.. it is a pretty short drive to buy a clean fd for 9k instead of 20.
Old 07-24-15, 03:20 PM
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Originally Posted by djSL
^in addition, there is a federally registered importer that I know in the state of Oregon. As stated, their are plenty of FD's in Canada and for me.. it is a pretty short drive to buy a clean fd for 9k instead of 20.
Helps us US guys out and start a thread with deals and I'll import some

Originally Posted by F1Eng
Come to Canada and see how many JDM cars there are here... There are plenty of shops (I'm talking at least 10 in AB and BC alone) that do nothing but import cars from Japan. For those who don't know, in Japan the govt makes it expensive to maintain and operate older cars in order to keep people buying new and boost the economy, so used cars in auctions are really affordable.
Google TYEE Imports. They can sell these cars for good prices including having people scouting the cars in Japan, all the importation documentation, AND transport costs from Japan. The only reason they may not be 'flooding in' is because us Canadians have bought them already
Greedy bastards

The Canadians should start listing their cars for sale on this forum if the price is right they will sell for parts

I hope you guys are right but I have a feeling you are wrong or it would be happening. In other words guys like me would be buying really nice FDs and parting them out.

Almost bought a GT3 out of Canada but after all the BS you have to go through with shipping, duty tax etc.... just wasn't worth it despite the weak Canadian dollar.
Old 07-24-15, 03:34 PM
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Meh, in reference to people talking about importing these cars into Canada. Iv'e seen a few but most are beat to ****.

A few years ago they were steadily being imported but I rarely see them on the road.
Old 07-24-15, 04:00 PM
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Originally Posted by 7_rocket
Meh, in reference to people talking about importing these cars into Canada. Iv'e seen a few but most are beat to ****.

A few years ago they were steadily being imported but I rarely see them on the road.
I imagine they are as pristine as the long blocks the importers sell....

I dont see the RHD effecting prices really at all. For the most part, the only people willing to own a RHD are the fan bois and they will come and go quickly.
Old 07-24-15, 07:51 PM
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Originally Posted by F1Eng
Come to Canada and see how many JDM cars there are here... There are plenty of shops (I'm talking at least 10 in AB and BC alone) that do nothing but import cars from Japan. For those who don't know, in Japan the govt makes it expensive to maintain and operate older cars in order to keep people buying new and boost the economy, so used cars in auctions are really affordable.
Google TYEE Imports. They can sell these cars for good prices including having people scouting the cars in Japan, all the importation documentation, AND transport costs from Japan. The only reason they may not be 'flooding in' is because us Canadians have bought them already
This was happening here in Ontario not long ago until they banned imports because they were deemed to be dangerous with steering wheel on the wrong side. I don't think this is going to change any time soon.
Old 07-24-15, 09:42 PM
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Originally Posted by djseven
I imagine they are as pristine as the long blocks the importers sell....

I dont see the RHD effecting prices really at all. For the most part, the only people willing to own a RHD are the fan bois and they will come and go quickly.
This is correct to a point. What happens is people who can't afford to buy a LHD FD here opt for the cheaper option which is a RHD that can run you from 6k-10K

These people are clueless about the car and think it's a rock solid supra that doesn't break. Engine blows and they sell. At least they come with nice JDM parts though
Old 07-25-15, 07:51 AM
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Originally Posted by gmonsen
DJ and Fritz have been buying and selling FD's for maybe 15 years that I know of. Fritz is a or the major used parts source for the forum and others. He and Ray Crowe are the parts guys for us. They have been diligently looking for and at FD's and their prices every day. So, when they say prices are now over $20,000 for a nice FD, prices are over $20,000 for a nice FD. Why anyone questions either what the prices are or why they should or should not be where they are or will be is just so much talk and anecdotal speculation. Some speculation is a lot better than others, but its still speculation. Fritz and DJ are people who known rather than having to speculate.

There were only a small number ever imported. Many, many are gone forever and most of the rest are fairly high mileage and many of those are poorly modified and have issues. I doubt there are more than a few hundred low mile cars in good shape and fairly or all stock. Maybe a few hundred more are very nice modified cars. That's it. It goes downhill from there one way or the other. There have been fewer and fewer offered and very few on the major online sales sites like eBay and Autotrader, where there used to be 40-50, say, all the time. Ten or more pages of them on Autotrader 5-7 years ago. Almost all the interior parts are NLA. I think rebuilds are no longer available. Other parts are NLA. If demand had only stayed the same, prices would have gone up. But, I believe, as others and I have said before, that there are many new, older, wealthier buyers today who have been attracted to the car bother over the years from seeing it and from reading the articles that point out how desirable it is, how good its handling is, how little it weighs, and how drop dead gorgeous it is. It and the Toyota 2000 GT of which there were only about 65 built plus 3 convertibles, are the most beautiful sports cars Japan has ever made.

I think it's hard for many reasons for the vast majority of people on the forum to really understand all the reasons and perhaps even accept the reality of the price increases. The owners are still often fairly young and do not yet have that arc of time view of things that older members have. They may not have tried some of the cars they think are better and found that those have their own drawbacks and issues. Read some of Fritz's comments on some of the Porsche's he's owned and loved. Maybe the grass is always greener... However, prices have gone up and likely will continue to go up and perhaps at a surprising pace for the really nice stock cars. (I am hopeful David is right and that some nicely modified cars will go up in value as well, since I really like my stock-looking car and don't want to buy a 2nd.)

G
Thanks for the props Gordon

Yep the limited supply is what's bumping up the price. I'm sure the demand isn't nearly what it was 20 years ago but the supply is pretty much 100 cars verses 13000 LOL. As we all know It's extremely difficult to find a nice low mileage FD. There are currently two for sale that I know of. The MB car which is priced at 30k plus (I already have a 26k offer on this car LOL) here on the forum and the VR R1 (priced at 31k) on autotrader. That's a small pie and it keeps getting smaller.

Once a piece of the pie isn't available (I'm guessing in the next couple of years) or there are zero nice low mileage cars on the market we'll see a pretty big bump in value because when one does become available it will sell relatively fast at 30k which means they will start listing at 40k and up and up the price will go.

Similar to other cool collector type cars the buyers will be more about storing the cars to show them off and watch them appreciate instead of actually driving them.

Hard to believe this is already happening to the 997 RS but that is exactly what's happening. Pretty much once a car starts selling for more than it originally cost it goes on a storage shelf If it wasn't for the annual personal property tax in VA I'd own a GT3 RS (it's the coolest car out right now IMO).


Originally Posted by 7_rocket
This is correct to a point. What happens is people who can't afford to buy a LHD FD here opt for the cheaper option which is a RHD that can run you from 6k-10K

These people are clueless about the car and think it's a rock solid supra that doesn't break. Engine blows and they sell. At least they come with nice JDM parts though
It's always about dollars and sense. If you can afford a LHD car you should buy one. If you can't you should save your money and keep your wits about you until you can because no one is ever going to give you anything for your RHD car as long as LHD cars are available.

And I'll repeat the RHD cars will make great parts cars so I'm excited about the 25 year rule so I can bring over some heavily modded complete cars
Old 07-25-15, 08:05 AM
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Even though this car is bone stock and red I'd consider it a good deal at 25k:

Cars for Sale: 1994 Mazda RX-7 Turbo in Traverse City, MI 49686: Coupe Details - 405636957 - Autotrader
Old 07-25-15, 08:27 AM
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Looking to sell my FD soon. Just waiting for the cluster to be repaired / returned by DNA. Baby on the way. Hopefully I can break even on the car.
Old 07-25-15, 09:59 AM
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After reading the Matty saga, you see the market is moving.. He bought a car he knew clearly wasn't correct for good $ because there wasn't many options.
Old 07-25-15, 10:13 AM
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Originally Posted by Fritz Flynn

And I'll repeat the RHD cars will make great parts cars so I'm excited about the 25 year rule so I can bring over some heavily modded complete cars
my opinion is that, the FD is an OLD car in Japan, and they have already been exporting the good used ones for probably 15 years already. i think all the nice older ones are already in europe or canada.

i think we will get more of a trickle, and it will either be high priced newer ones, like spirit R's, or it'll be the beat to crap ones that are sitting abandoned by the side of the road.

so i don't picture the RHD cars making a huge difference, i mean it is the same car. the one i saw wasn't in any better shape than a US car
Old 07-25-15, 11:44 AM
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Originally Posted by Fritz Flynn
Even though this car is bone stock and red I'd consider it a good deal at 25k:

Cars for Sale: 1994 Mazda RX-7 Turbo in Traverse City, MI 49686: Coupe Details - 405636957 - Autotrader
I'm glad the values for low mileage unmolested FDs are improving. I've got around 7,xxx on miles on my 94 touring SSM with red/black interior so if ever I decide to part ways, I know I'll be able to get a reasonable price for it. Which reminds me, I need to get it appraised.


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