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Thinking of selling! what do you think its worth?

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Old 03-13-09, 03:04 AM
  #51  
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Originally Posted by AnthonyNYC
List the car for what you think it is worth and wait for the right buyer to come along.
How long should he wait for?
Old 03-13-09, 05:04 AM
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88RXVERT.... wow.
Old 03-13-09, 09:47 AM
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Originally Posted by gmonsen
One of the great things about forums is that everyone has the right to say what they think. However, its often hard to figure out exactly how to respond to some of the stuff you read. Apparently, some people have noticed the economy is having problems? As a result, some people are being forced to sell their cars and other things to get by. People have lost their jobs or their credit and need to liquidate stuff to get by. People who want to buy cars cannot get loans, because consumer credit has tightened tremendously.

So, some people have sold their FD's for less money than they are worth, because they needed to sell them at whatever price they could get fairly quickly. And, the pool of buyers and money available for used cars has shrunk. This is because more young people are unemployed and because loans are not as readily available if available at all any more.

However, as is always the case, the wealthy buyers have not been as squeezed by the economy and do not need loans to buy used cars as toys or collector cars. Now, these buyers are not looking for a $5-10,000 FD. They are looking for a really nice FD that doesn't need any work mechanically or cosmetically. And these cars, like the OP's car, are harder and harder to find. There are fewer and fewer nice, low mileage stock or nicely modified FD's. These buyers don't want a highly modified car or a car that has had any bodywork changes, so all the widebody Feed or RE modded cars are not on their list.

Junk FD's will now sell for even less than ever, because people with money (and taste) don't want junky cars or widebody FD's or pure race cars. These cars are going to trade for very little money. A 500 whp widebody car that probably cost the owner $50-75,000 all in won't sell for $15,000. A beater, 150,000 mile car won't trade for $7,000. However, a clean, stock or lightly modded car is very desirable and should sell for $20,000+ even in this market and when stagflation sets in by the end of this year, these cars will start to increase in price. There are two price buckets of cars emerging: low priced beaters and high priced nice cars. By the end of the year there will not be any FD's selling for $10-20,000. There will be a lot of cars selling below $10,000 and a much smaller number of cars selling for over $20,000.

Adding fuel to the price increases on nice FD's will be the quickly increasing cost of stock parts and the increasing lack of availability of parts at all. Try finding a new set of seatbelts. Ray Crowe doesn't have any. If you cannot buy a cheap crapped out FD and essentially restore it back to stock for less than you can buy a much nicer, low mileage stock-ish FD, why do it? If it costs you $7,000 to buy and another $15,000 to bring it back to nice condition, why not buy a nice one for $22,000 and not have to go through all that?

Pricing is anything but simple to understand and as these cars get older, and the economy struggles, pricing is not as bunched or clustered as it used to be 5 years ago. Pundits who say that FD prices are going down or have gone down tremendously are missing a lot of the picture. And, just as someone said in this thread about the current owners of FD's being prejudiced toward higher prices, there are people who really want an FD, but cannot really afford one, but hope that they can take advantage of someone else's financial misery to get what they want for less. While some people may get real buys, the nicer cars will not sell cheaply. Mostly, people, as always, will get what they pay for...

Gordon
Man I really liked what you had to say...only one little problem the OP's car IS A WIDEBODY
Old 03-13-09, 10:19 AM
  #54  
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Originally Posted by cabaynes
You think making an attack on the city I reside in is any way going to affect this argument? Or are you just doing it because you have nothing better to say? What does Las Vegas have ANYTHING to do with this conversation? By the way both of my CYM's are located in Maryland, and less than 6 months ago I had multiple offers over $20,000 for each of them individually but refused to sell.

Back to your eBay links:



Your research is obviously flawed. You're trying to tell people the market value of clean, well modded & original cars is under 10k because you found a bunch of high-mileage, crap examples on eBay? People who are buying nice examples of FD's are not buying them on eBay or craigslist, and they're paying good money for them still.
No..that was just a few I glance over on eBay after this thread started to show you a trend or should I say pattern in sales...my research was done a few weeks ago, and I will admit that I would not have purchaced any of those FD's for myself.

Again…like I said in the beginning of the post eBay is a good gauge…if those cars didn’t have reserve prices that is what they would have sold for…it shows what buyers are willing to pay…Good ..Bad… Ugly… Stock…Modified…Salvage… Whatever and unfortunately a car is only worth what you CAN sell it for to a buyer, not the price a seller WANTS to get for it. Once you get this through your head I think you will be much better off= BUYERS SET THE MARKET ask anyone that deals in cars, as with any product or commerce in America, sure you can set a price for a particular item but if it doesn’t sell well it’s time to lower the price or back to the drawing board if cost –vs- profit is not worth it. Think about it, how many times have you heard people on this board admit they will never get their money back on their projects if they decide to sell someday…it hard as hell to add value to RX-7 with modifications…LOL… lets take a poll! If you look at my original post I did say that the RIGHT BUYER is the person to sell it too and in this economy they are few and far between…you have to look at the going rate. Same with Joe Blow selling his FD MUST SELL 14K OBO well if his best offer is only $9500.00 then that is what the car was worth, sure the buyer may have gotten a bargain, or the offers may have exceeded his asking price and someone got what they wanted and paid for it and may have paid too much. You can’t look at your car as an investment you will lose almost every time unless you’re in the business or lucky enough to find the right buyer. To the seller that is really motivated to sell their car what you might consider a low ball offer he might consider a Bill Of Sale. This is all really common sense it’s a shame that it needed to be explained to you.
Old 03-13-09, 10:35 AM
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Why are you spamming this thread? 2nd, why is it from time to time someone from the 2nd gen section feels the need to come into the 3rd gen section. Can you not afford a FD? is that why your complaining like a child? Damn, stfu already.
Old 03-13-09, 10:58 AM
  #56  
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Originally Posted by 88RXVERT
Actually im in the market for an FD...maybe all you FD guys can help me out a bit..if im dead wrong then I will be the first to admit it...just show me the light!! LOL
You have already found the best deal on this forum and proceeded to screw that FS thread up. If they are so easy to find for your price then why are you still looking? Fritz's car is a pretty good deal, original engine so that hurts a little but a good deal none the less. You likely wont find a better deal in that price range. I have a car with 56k miles on it that I am installing a fresh rebuild in, people are knocking down the door trying to get me to finish the car so they can buy it at $13,490. Must not be too many quality $6-9k cars out there if people are wanting me to get mine finished?

The market is soft, but not $6-9k soft for a quality car with a new engine.
Old 03-13-09, 12:11 PM
  #57  
Stay tuned...

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Originally Posted by moconnor
How long should he wait for?
Obviously that's a question only he can answer.

I recently sold a 2005 Rx8, I did not "have" to sell it. Before I listed it, I had a set price in mind and decided not too budge too much since I was not pressured to sell. I priced mine about 3K higher than the ones on Ebay but I felt white held a higher value.

I got very few offers, mostly low ballers asking what's the lowest I would take, haggling me on PM's etc. I always responded professionally. Turns out a guy in Canada said he would buy it, I called BS but still responded to ALL his questions. He drove down that weekend, check in hand, and drove the car back to Canada.
Old 03-13-09, 12:42 PM
  #58  
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People always compare to ebay when it comes to cars, that is not an apples to apples comparison of what a car should sell for. 99% of the time if you buy something on ebay you have minimal contact with the seller, minimal info about the car, minimal info about the seller, and no in person experience.

It is extremely difficult to earn someones trust over an ebay add. It took me several years of selling fds to get our name trusted enough for people to just send money and have the car shipped to them without ever seeing it or driving it. The first 20 FDs I sold were the hardest, after that, it seems to get easier every time. Same thing with my rebuilds, now that my name is getting out there and everything said is positive about my engines it gets easier to sell them.
Old 03-13-09, 01:20 PM
  #59  
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Originally Posted by 88RXVERT
To the seller that is really motivated to sell their car what you might consider a low ball offer he might consider a Bill Of Sale. This is all really common sense it’s a shame that it needed to be explained to you.
I hope you didn't go to college for business because I'm sorry kid but you fail at economics. A seller in distress to sell may take a lowball offer to get out of financial trouble, but that doesn't reflect the worth of the car. If that new buyer can turn around and sell that same car for a higher price then does that make the value of car instantly go back up? Your logic is flawed and I am done trying to talk to you.

How about you come back and post your $6000 FD up when you find it.
Old 03-13-09, 02:26 PM
  #60  
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Originally Posted by FyVe
i have to agree... 19-20k range.
I would say in the same are but I would not accept under 18K. The car was built and tuned by Ray is a huge selling point, new motor, wheels, paint looks clean etc and a nice music setup.

That car is attractive to the 18-25 year group. It will also attract the buyers that are going to pay to mod their cars. If someone is looking at a pretty stock FD for 13-15K, at 18K your car is in the area where they might just pay the extra for a new motor, tune etc....

Presentation is important, be specific in the ad and take a lot of pics of every possible angle, you will save a lot of time with buyers since they know exactly what to expect when they get here.

As an example, here are the pics I took when I sold the Rx8...

http://www.rx7s.com/old/Anthony/Rx8/index.htm

Anthony
Old 03-13-09, 02:58 PM
  #61  
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I have to disagree with most people even though I would rather support your claim. I hve owned 4 FDs and I look at what people are trying to sell today and how unstable the market and economy have become they need to take a second look at things. At one point it may have been acceptable to charge a pretty penny for a car that is moer than worth the amount IMO but because of the situation people are in now you can't expect to get a high price for an RX7 at the moment. Now granted we are not as bad as the damn supra owners who for some god awful reason think they have the only sports car that some how increases in value each year but we need to take a second look at things and realize if you need to sell an rx7 right now modified or not you are going to need to lower your price. Too many people have been laid off and too many people are scared to spend money now, so if the price actually is considered a "good deal" it will sell. As far as people selling thier cars for 20k and above right now good luck with that one b/c it aint gonna happen..and I know I will get bashed for saying that but prove me wrong ...I know for a face there hasn't been that many to sell in that price range and 88vert is right if you go look around the FD's are being listed and sold for that price
Old 03-13-09, 03:06 PM
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Originally Posted by reddevil4896
As far as people selling thier cars for 20k and above right now good luck with that one b/c it aint gonna happen..and I know I will get bashed for saying that but prove me wrong ...I know for a face there hasn't been that many to sell in that price range and 88vert is right if you go look around the FD's are being listed and sold for that price
You're speaking in absolutes, which is silly. Although many people are hurting right now, that isn't the case for everyone. It will be harder to sell an FD in that price range, but not impossible. It all comes down to patience.
Old 03-13-09, 03:55 PM
  #63  
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Now granted we are not as bad as the damn supra owners who for some god awful reason think they have the only sports car that some how increases in value each year
Im sure you realize only 6xxx supras came twin turbo in this country, and only around 2300 were 6 speeds. They bring what they are worth, much more rare than our fds.

but we need to take a second look at things and realize if you need to sell an rx7 right now modified or not you are going to need to lower your price. Too many people have been laid off and too many people are scared to spend money now, so if the price actually is considered a "good deal" it will sell. As far as people selling thier cars for 20k and above right now good luck with that one b/c it aint gonna happen..and I know I will get bashed for saying that but prove me wrong ...I know for a face there hasn't been that many to sell in that price range and 88vert is right if you go look around the FD's are being listed and sold for that price
Received the deposit on this last week, deal should be finalized shortly. http://www.speedforsale.com/viewcar.php?vid=511
Old 03-13-09, 04:08 PM
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David, that car looks phenomenal, but 2 things jump out at me....

(1) That AST is about to freaking BURST

and

(2) The rear looks very high, is the stock suspension really set like that? Most/all FDs we work on have some kind of lowering springs or coilovers.
Old 03-13-09, 08:54 PM
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Originally Posted by 88RXVERT
Damn....you guys have sold some killer cars....your site put Supra on my brain!
good! go dookie on the supra forum lol
Old 03-13-09, 09:12 PM
  #66  
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Originally Posted by GoodfellaFD3S
David, that car looks phenomenal, but 2 things jump out at me....

(1) That AST is about to freaking BURST

and

(2) The rear looks very high, is the stock suspension really set like that? Most/all FDs we work on have some kind of lowering springs or coilovers.
The stock FD has lots of suspension travel you should check out the "you got lean thread"

The AST will burst the next time that car is started

REALLY nice looking r2 but with those miles he must have some serious love for that baby
Old 03-13-09, 09:16 PM
  #67  
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Originally Posted by reddevil4896
I have to disagree with most people even though I would rather support your claim. I hve owned 4 FDs and I look at what people are trying to sell today and how unstable the market and economy have become they need to take a second look at things. At one point it may have been acceptable to charge a pretty penny for a car that is moer than worth the amount IMO but because of the situation people are in now you can't expect to get a high price for an RX7 at the moment. Now granted we are not as bad as the damn supra owners who for some god awful reason think they have the only sports car that some how increases in value each year but we need to take a second look at things and realize if you need to sell an rx7 right now modified or not you are going to need to lower your price. Too many people have been laid off and too many people are scared to spend money now, so if the price actually is considered a "good deal" it will sell. As far as people selling thier cars for 20k and above right now good luck with that one b/c it aint gonna happen..and I know I will get bashed for saying that but prove me wrong ...I know for a face there hasn't been that many to sell in that price range and 88vert is right if you go look around the FD's are being listed and sold for that price
Once there are only 2000 or so nice FDs you'll start seeing some significant price increases that I believe will surpass the Supra and this will happen in the next 10 years.
Old 03-14-09, 12:21 PM
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maybe i'll wait 5 years then.
Old 03-14-09, 04:12 PM
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Old 03-14-09, 04:57 PM
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If supras still go for the price they are going for now, as time does happen and less of them on the road, that value will go up as well.

I highly doubt an FD will go for as much as supras go for now, let alone in 5 years. There arent many prinstine low mileage ones out there for starters.
Old 03-14-09, 06:47 PM
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Gmonsen, its very hard to compare reality and what we actually wanna believe or have an opinion of.

We're all rx7 enthusiasts here so its tough to say what certain people think is misunderstood about what most of you wanna believe. I believe the rx7 is a classic, i think it carries a timeless design that most cars cant mimic, even to this day.

But you say rarity plays a role in high value, what happened to our cars?

Sellers lowballed their cars for a reason, buyers lowballed sellers for a reason. The value of our cars were never stable and never went up since debut day, that happened for a reason.

Not down talking our cars but IMHO, this IS reality.

The supra has done VERY well for a reason, whether most of you people wanna believe it or not, that a supra is a classic car, thats opinionated but figures never lie. You see it day in and day out, how supras are in the automotive market. It may not look as good as the rx7 but its done so well for a reason.

If the rx7 has any chance of being worth more than the supra, now is the time we should see it because of the economy. When the economy goes up again, the rx7 will be miles behind the supra in value. IMHO. Thats how its gonna be im sorry to say.
Old 03-14-09, 09:37 PM
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Originally Posted by gmonsen
1Quick7... I love you, buddy, but you just don't get it. For whatever reason. You can keep saying "that's reality" all day and all night, but, unfortunately, and I really am not slighting you or meaning to demean you in any way, but you just don't know enough... yet. In time you will, perhaps, but not yet.

Let me add something. When "I" say this or that about cars, it is based on the fact that I have bought, driven, drooled over, collected, and read about sports cars for the past 50 years of my 60. I have owned a 61 Jag XK 150s, a 66 Shelby GT350, a 69 Camaro Z28, 3 BMW CS coupes, 3 BMW 2002's, a BMW M5, an 84 Corvette, a 93 Ferrari 512TR, 2 BMW M3's, 2 Porsche 911's, a Porsche 914, 4 3rd Gen Rx7's, a BMW 850i, and a bunch of other cars. I have most car magazines back to the 70's and have read and still read Car & Driver, Road & Track, Sports Cars Illustrated, Sports Car Graphic, Classic & Thoroughbred, Evo, Bimmer, Roundel, and on and on. I have 3-400 books about cars that I have read and kept since the 60's. I grew up driving and racing with Hurley Haywood. I have corresponded with Henrik Fisker -- who designed the 993 Porsche and the current Aston V8 -- about his designs and other cars and have had dinner with him a few times.

What I am saying is that I have a tremendous amount of knowledge and experience. So, and I am not trying to be pretentious in any way, when I say something about a car, it is based on the first hand knowledge and reading and ownership of interesting cars over a period of 45 years, assuming I started being interested in cars at age 15 in the year Kennedy was killed.

So, while younger and very intelligent people try to draw conclusions based on their intelligence, they have so much less experience that they cannot be expected to "get it" right away. Given time that will change.

Gordon

lol nah, i take no offense in anything said on this forum.

Forums are for discussions and share OPINIONS. This IS an opinionated matter.

Look, you have ALOT of knowledge and all posts i have read from you are all logical and valid BUT you hold just as much water in your post as well as mines.


You have driven alot of classics and rare cars but that doesnt justify the matter at hand now.

5 years from now the FD will be worth more than the supra..

Thats the magic statement. If you look back in history, the FD never gained value at high, it either stabilized or dropped. The supra always appreciated.

I mean come on, an 800rwhp fully built supra went for over 100k lol

A fully built 3 ROTOR FD will go for half of that, thats with a 20B.

LSx swapped FD's are the only FD's that keep the FD value high, next to pristine low mileage 95's which are hard to come by etc.

So as much as you are right that you have more knowledge and experience than me, thats irrelevant to use in a thread like this. Because we're experiencing it as we speak, first hand. And so far its going no where near your future prediction.

Right now it stands as a theory. Which we all have.

So we break even.

Btw, i love you too
Old 03-15-09, 03:56 AM
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Don't sell it now. Economy sucks! I posted my 95 FD on Craigslist and received a whole bunch of low ball offers. Granted it's an automatic, but seriously, $5k?!?! Good Luck with whatever you choose to do!
Old 03-15-09, 08:28 AM
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Originally Posted by gmonsen
1Quick7... Nope. The point of experience is that it can tremendously improve one's judgement about things in the present. The fact that we are all "experiencing" the revaluation of cars today does not put people on a level playing field. It let's those with a lot of experience better predict what is going to happen.

Let me give you an example... In October of last year on the forum I predicted that the Dow would hit 7500 and that unemployment would hit 9% and that we were likely to enter a period of "stagflation" this year or next. Many people, who were and still are very smart, but who had much less experience, disagreed with me, as is everyone's right. The forums are, as you say, for discussion. However, today, the DOW is at 7300 and unemployment is close to 9% and many economists say we are entering a period of stagflation...

So, I still contend that my experience and knowledge, combined with modest intelligence, gives me an insight into what will happen. I contend that others without as much experience or even intelligence may agree with me, though many perhaps more intelligent than I am but with much less experience will not. However, I do know that I cannot do any more than make what I believe is an obvious point and that is that the FD is a one of the all-time classic sports car designs that is uniquely powered by a rotary engine and whose 1992 performance envelope makes it competitive with the best current new sports car offerings. I am certain that these attributes will make the Rx7 very valuable in the future and that the prices will climb notably within the next 5 years, because there are less than 6,000 FD's registered today and 4,000 of these are high mileage cars in poor and worsening condition. The 2,000 clean, fairly low mileage cars will appreciate rapidly over the next 5 years and eventually those high prices will cause people to restore whatever less well cared for high mileage cars.

Gordon


I understand what you're trying to say but you i dont think you understand what im trying to say.

I know you have experience, but that doesnt justify that what you say will BE IT.

How can i put it in simplier words, "you're not god". lol

You have the right path but you're basically throwing off what you "think", same with what eveyone else is doing. It makes sense but its an aimless assumption.

People never would have thought in a million years that we will have a black president, look at our president now.

People never would have thought DOW would take a plunge like it did, look what happened to that.

Just like you said earlier, we cant predict the value of these cars in the future.

That itself shows that you dont know, we dont know, i dont know. Its a 50/50 shot. You have confidence because you may have been right in the past. That happens to alot of people too. I have had psychic abilities in the past and sometimes i was wrong. Its a 50/50.

Hence why i said its all opinionated. We can only HOPE for the best for these cars.
Old 03-15-09, 09:34 AM
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Originally Posted by gmonsen
1Quick7... When I was young, I was extremely smart. Not so much any more. When I got into discussions with older people and they tried to tell me where I was wrong or off base because I didn't have the experience they did, I thought they were nuts. I was sure my conclusions were right, because I was so smart. Being young and having no experience, I discounted its value, because I didn't have the experience they did.

Due to the reasons I have stated, there is no way you can appreciate what I understand. So, you can believe that the FD is not a car that will strongly appreciate in value or be a special collectible worth more than a Supra. You have every right to your view.

Hpwever, many people, including myself, have long expected that a black man would be president and eventually a woman will be president...

Gordon
The reason why i discounted what you said, is because we faced economic crisis this decade that people havent seen, like EVER lol.

So its hard to assume what is going to happen, just by using a pattern you have seen throughout the years.

The world is not the same, you cant really go by that anymore.

I want the rx7 to be worth alot. But you're comparing to a car that has always done well in value. If rx7 goes up, you can be sure as hell the supra will go up too.

Thats all im arguing.

Will the rx7 go up in value in the future?? O hell yes, i believe it 100%.

Will it surpass the supra? Not in 5, 10, 15, or 20 years. Maybe not ever.



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