Value of 95 FD with 5k miles?
#26
Originally posted by jramosrx7
If you're buying it as a collectible, maybe it's priced right. Buy it, garage it. The FD has been touted as the collectible of the 90's (NY Times). Love my car, but find that hard to believe.
If you're buying it as a collectible, maybe it's priced right. Buy it, garage it. The FD has been touted as the collectible of the 90's (NY Times). Love my car, but find that hard to believe.
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im sure the 35 k is very negotiable. Remember he is a dealer and there is always room for haggling with dealers. put in an offer for like 28k, (if you really want it) tell him you wont go any higher, and let him sit on it. give him your name and number and if he doesnt sell it, I guarentee he calls.
#28
Originally posted by PVerdieck
That was over 3 years ago. Try it now. FDs are getting rarer, and people know that. You got a steal.
I bought my 94 R2 last year with 7500 miles for 29K. I looked at it as a 1 year old car, which it essentially was. I wasn't going to have much luck finding another black 94 R2 in such mint condition.
That was over 3 years ago. Try it now. FDs are getting rarer, and people know that. You got a steal.
I bought my 94 R2 last year with 7500 miles for 29K. I looked at it as a 1 year old car, which it essentially was. I wasn't going to have much luck finding another black 94 R2 in such mint condition.
Wth all the pain and money I'm going thru to make mine (better then) show room new, I look back and wish I'd started with a low mileage, well maintained car - and would have gladly payed deep into the $20k's for a simililar car knowing what I know now.
Somebody will spend that much, because it's what they want (and because they have the money). Us trying to apply our own justifications as to what it's not worth is pointless though, unless it's our money that lucky buyer is spending. Everything has a different value to each individual.
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#29
Originally posted by montego
The reality is that it's NOT a collectible. So therefore the price is not justified. It's just an old car with low miles. Maybe in ten years it will be a collectible. But not today
The reality is that it's NOT a collectible. So therefore the price is not justified. It's just an old car with low miles. Maybe in ten years it will be a collectible. But not today
Someday (in 10 years), many of us will say, "man $30k isn't all that much money to have a truly rare sports car classic". I don't see many buyers buying really low mileage FDs and just keeping them - they usually drive it. Eventually it will all run out.
Dave
#30
Originally posted by dgeesaman
The reality is that if you value it more than the ordinary person and you can find a buyer with similar feelings, it is collectible. Just because every FD buyer isn't looking at it that way doesn't mean it doesn't exist. Econ 101.
Dave
The reality is that if you value it more than the ordinary person and you can find a buyer with similar feelings, it is collectible. Just because every FD buyer isn't looking at it that way doesn't mean it doesn't exist. Econ 101.
Dave
He has been trying to sell it for a year. Soo even by YOUR definition it is not a collectible. The reality is that the seller can't find a dumb *** that can justify to himself to buy an overpriced under-apreciated vehicle.
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Not Worth It!
The FD that is the subject of this thread has been on the market for over a year. Last year the seller was asking $29K and this year he is asking $35K. Obviously the car hasn't sold at these prices. That tells me the market is saying the seller is asking way too much for this car.
Another way to consider this is that if you are willing to pay this much for this car then you are the only person in the market willing to do so. What does that tell you about its market value?
Another way to consider this is that if you are willing to pay this much for this car then you are the only person in the market willing to do so. What does that tell you about its market value?
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I purchased a '93 bone Stock R1 earlier this year with 6001 miles on it when I picked it up. I haven't even told my family what I paid! But it closer to $25K, not $35K, which I would not have paid. $10K would not be worth two model years and 1K miles to me. The guy was originally asking $26K on EBay, from which we negotiated after no one bid on it.
Now to play devil's advocate: I love it, I love it, I love it. It is everything he said it was. Pay whatever you feel comfortable with if you want a basically brand-new RX-7 (of which there are very few) and are sure you'll love it. There's really no Blue Book value on something like this, but what price your own happiness?
One note: I had the opportunity to have my cousin check out the car though before I bought it. I would beware of any car this old claiming this low miles. I am proof that it is possible, but I would not have bought it had there not been a pair of eyes I trust to confirm it.
Now to play devil's advocate: I love it, I love it, I love it. It is everything he said it was. Pay whatever you feel comfortable with if you want a basically brand-new RX-7 (of which there are very few) and are sure you'll love it. There's really no Blue Book value on something like this, but what price your own happiness?
One note: I had the opportunity to have my cousin check out the car though before I bought it. I would beware of any car this old claiming this low miles. I am proof that it is possible, but I would not have bought it had there not been a pair of eyes I trust to confirm it.
Last edited by FtWorthless; 07-30-03 at 11:53 PM.
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Does anyone know of any FD's with less than 50 miles that are in storage anywhere. Also this talk abuot it being a classic and i wonder if anyone has one stashed away.
-Rob
-Rob
#34
Originally posted by montego
Yes the FD is in the same category as porsche spider 550A right? Because they are both collectibles.
He has been trying to sell it for a year. Soo even by YOUR definition it is not a collectible. The reality is that the seller can't find a dumb *** that can justify to himself to buy an overpriced under-apreciated vehicle.
Yes the FD is in the same category as porsche spider 550A right? Because they are both collectibles.
He has been trying to sell it for a year. Soo even by YOUR definition it is not a collectible. The reality is that the seller can't find a dumb *** that can justify to himself to buy an overpriced under-apreciated vehicle.
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Originally posted by montego
The reality is that it's NOT a collectible. So therefore the price is not justified. It's just an old car with low miles. Maybe in ten years it will be a collectible. But not today
The reality is that it's NOT a collectible. So therefore the price is not justified. It's just an old car with low miles. Maybe in ten years it will be a collectible. But not today
Last edited by LoveBone; 07-31-03 at 08:13 AM.
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Originally posted by PVerdieck
Here is the car in question
http://www.mazdaformance.com/rx74sale.htm
Here is the car in question
http://www.mazdaformance.com/rx74sale.htm
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#38
Originally posted by LoveBone
You're missing the point. Of course "not today"; it is a collectible in terms of future speculation, just like with commodities, etc. And pricing *is* justified, if it is worth it to you, maybe not to you per se, but, for example, to someone that loves RX-7s and wants an unmolested low mileage example.
You're missing the point. Of course "not today"; it is a collectible in terms of future speculation, just like with commodities, etc. And pricing *is* justified, if it is worth it to you, maybe not to you per se, but, for example, to someone that loves RX-7s and wants an unmolested low mileage example.
No I got the point. One person who thinks the car is worth 35K does not set the market. Again, they haven't been able to find a buyer so it is still not justified. You say the price is justified, then why is the car still on the market after one year? Would it not be sold by now? Remember FD's brand new selling price was about 35k. This is an 8 year old used vehicle.
Future speculation is worthless. If you truly believe in that, then I would love to sell you 25,000 shares of stock from my old company. They were given to me as a grant and are priced at $2.00 per share. They claim that they are going public (that was 3 years ago) and the set price is supposed to be $8.00 on opening day. Would you like to take them off my hands? I'll sell them to you for a mere $50,000. That's $150,000 profit! *when/if * they go public
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Last edited by Montego; 07-31-03 at 09:52 AM.
#39
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Originally posted by montego
No I got the point. One person who thinks the car is worth 35K does not set the market. Again, they haven't been able to find a buyer so it is still not justified. You say the price is justified, then why is the car still on the market after one year? Would it not be sold by now? Remember FD's brand new selling price was about 35k. This is an 8 year old used vehicle.
Future speculation is worthless. If you truly believe in that, then I would love to sell you 25,000 shares of stock from my old company. They were given to me as a grant and are priced at $2.00 per share. They claim that they are going public (that was 3 years ago) and the set price is supposed to be $8.00 on opening day. Would you like to take them off my hands? I'll sell them to you for a mere $50,000. That's $150,000 profit! *when/if * they go public
No I got the point. One person who thinks the car is worth 35K does not set the market. Again, they haven't been able to find a buyer so it is still not justified. You say the price is justified, then why is the car still on the market after one year? Would it not be sold by now? Remember FD's brand new selling price was about 35k. This is an 8 year old used vehicle.
Future speculation is worthless. If you truly believe in that, then I would love to sell you 25,000 shares of stock from my old company. They were given to me as a grant and are priced at $2.00 per share. They claim that they are going public (that was 3 years ago) and the set price is supposed to be $8.00 on opening day. Would you like to take them off my hands? I'll sell them to you for a mere $50,000. That's $150,000 profit! *when/if * they go public
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OTOH, you're saying, the dealer is asking too much and they aren't justified in doing so, with the "proof" that it hasn't sold yet. Do you see the difference?
As to future speculation being worthless, you're wrong. Goes on all day, every day and it affects everyone, including you. Ever heard of the New York Stock Exchange, or the securities and bonds market or Charles Schwab or Bank of America? When there's money at stake, you'll have economists, financial analysts and the like trying to predict the future of the economy and everything in it. Goes on too with real estate, baseball cards, paintings, and yes, even (collectible) cars.
Future speculation is very much worthwhile to me because I won't be buying any of your lousy stock.
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Last edited by LoveBone; 07-31-03 at 10:36 AM.
#40
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GLAD TO SEE THE PRICE INCREASE!
I for one am glad to see the that this guy has increased the price of his RX7 (3) times to $35,000. This kind of pricing eventually becomes contagious and overall prices, for this absolutely awesome automobile, will begin to rise.
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Last edited by jasonsr1; 07-31-03 at 11:44 AM.
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I think a 94/95 RX-7 like that (< 5k miles, super condition, like new) is realistically worth about $25k. If I were in the market for a $25k car I'd consider buying it, compared to the alternatives (WRX, RX-8, S2000, etc.)
Wade
Wade
#42
Originally posted by LoveBone
No, you still don't get the point. I'm not saying that the price is justified, I'm saying that if someone wants to pay $35K for this car, and they are happy to do so, then it is justified to *them*, and for whatever reason, e.g. they want a readily available low mileage stock RX-7 in silver.
No, you still don't get the point. I'm not saying that the price is justified, I'm saying that if someone wants to pay $35K for this car, and they are happy to do so, then it is justified to *them*, and for whatever reason, e.g. they want a readily available low mileage stock RX-7 in silver.
Originally posted by LoveBone
As to future speculation being worthless, you're wrong. Goes on all day, every day and it affects everyone, including you. Ever heard of the New York Stock Exchange, or the securities and bonds market or Charles Schwab or Bank of America? When there's money at stake, you'll have economists, financial analysts and the like trying to predict the future of the economy and everything in it. Goes on too with real estate, baseball cards, paintings, and yes, even (collectible) cars.
As to future speculation being worthless, you're wrong. Goes on all day, every day and it affects everyone, including you. Ever heard of the New York Stock Exchange, or the securities and bonds market or Charles Schwab or Bank of America? When there's money at stake, you'll have economists, financial analysts and the like trying to predict the future of the economy and everything in it. Goes on too with real estate, baseball cards, paintings, and yes, even (collectible) cars.
Why do you think the dot comm bubble burst! Damn future speculation! Everybody thought that these companies were *going* to make tons of money. Stock prices were inflated and some of us knew it and sold when it was good. Yeah baby...
Informed future speculation such as that the defense industry will get a boost because of our current situation with Irak and Korea is also worthless. Actual facts raise it, as far as new billion dollar contracts. Not on the ability to get one. I play the stock market, and I know what makes my stock go up and down. Maybe try living life on the real world before you try to preach and be a smartass.
Originally posted by LoveBone
Future speculation is very much worthwhile to me because I won't be buying any of your lousy stock.
Future speculation is very much worthwhile to me because I won't be buying any of your lousy stock.
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But don't feel bad about my worthless stock it was a grant. But on the upside this past week I've made 15K on other investments
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Last edited by Montego; 07-31-03 at 12:41 PM.
#43
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This is dumb. We were all talking about this car being worth 35k. As far as the market value is concerned. I don't give a rats *** what an individual's value is.
The "individual's value" was the point I was making and it flew over your head not once, but twice! Not everything is priced according to the market.
Great, now a student is trying to school on financial issues.
And your point is? I'm an MBA Finance major, so?
Do you even play the stock market? If so what has been your return? I'll tell you this: I've made 6 fold on the money that I have invested on companies (which I based on their back log) that have a Beta of 4 . Do you even know what that means? Or are you just preaching what you hear on nightline.
I have been for several years. I day trade and manage all the employee 401K accounts at my work. As to the former, I'm investing in Growth and believe it or not, in the past several months, my overall investments have seen a 19% gain.
Why do you think the dot comm bubble burst! Damn future speculation! Everybody thought that these companies were *going* to make tons of money. Stock prices were inflated and some of us knew it and sold when it was good. Yeah baby...
I happen to have written a paper on this very subject and there were many reasons (I won't get into specifics, that's another subject in itself) why the dot com bubble burst and to put them under a broad heading of "future speculation" is not correct.
Maybe try living life on the real world before you try to preach and be a smartass.
Ignorance is bliss.
If you're going to debate with insults, then I guess you've lost your cool and have nothing worthwhile nor intelligent to say.
I'm done. These posts are off on an irrelevant tangent and it is pointless to this thread. Sorry for the hijacking.
The "individual's value" was the point I was making and it flew over your head not once, but twice! Not everything is priced according to the market.
Great, now a student is trying to school on financial issues.
And your point is? I'm an MBA Finance major, so?
Do you even play the stock market? If so what has been your return? I'll tell you this: I've made 6 fold on the money that I have invested on companies (which I based on their back log) that have a Beta of 4 . Do you even know what that means? Or are you just preaching what you hear on nightline.
I have been for several years. I day trade and manage all the employee 401K accounts at my work. As to the former, I'm investing in Growth and believe it or not, in the past several months, my overall investments have seen a 19% gain.
Why do you think the dot comm bubble burst! Damn future speculation! Everybody thought that these companies were *going* to make tons of money. Stock prices were inflated and some of us knew it and sold when it was good. Yeah baby...
I happen to have written a paper on this very subject and there were many reasons (I won't get into specifics, that's another subject in itself) why the dot com bubble burst and to put them under a broad heading of "future speculation" is not correct.
Maybe try living life on the real world before you try to preach and be a smartass.
Ignorance is bliss.
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I'm done. These posts are off on an irrelevant tangent and it is pointless to this thread. Sorry for the hijacking.
#44
Originally posted by LoveBone
Not everything is priced according to the market.
Not everything is priced according to the market.
QUOTE]Originally posted by LoveBone
And your point is? I'm an MBA Finance major, so? [/QUOTE]
That students don't know ****. It's after they get a few years of experience that the schooling takes full effect. Then you will be able to school me just not today.
Originally posted by LoveBone
I have been for several years. I day trade and manage all the employee 401K accounts at my work. As to the former, I'm investing in Growth and believe it or not, in the past several months, my overall investments have seen a 19% gain.
I have been for several years. I day trade and manage all the employee 401K accounts at my work. As to the former, I'm investing in Growth and believe it or not, in the past several months, my overall investments have seen a 19% gain.
Originally posted by LoveBone
I happen to have written a paper on this very subject and there were many reasons (I won't get into specifics, that's another subject in itself) why the dot com bubble burst and to put them under a broad heading of "future speculation" is not correct.
I happen to have written a paper on this very subject and there were many reasons (I won't get into specifics, that's another subject in itself) why the dot com bubble burst and to put them under a broad heading of "future speculation" is not correct.
Originally posted by LoveBone
Ignorance is bliss.
If you're going to debate with insults, then I guess you've lost your cool and have nothing worthwhile nor intelligent to say.
Ignorance is bliss.
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#45
Originally posted by montego
This is dumb. We were all talking about this car being worth 35k. As far as the market value is concerned. I don't give a rats *** what an individual's value is.
This is dumb. We were all talking about this car being worth 35k. As far as the market value is concerned. I don't give a rats *** what an individual's value is.
If you think this asking price is bad, I just saw a 20k mi CYM for sale asking $36k - and the photo wasn't even of the right car.
It seems for all your study and experience in the free market you'd be more understanding of the application of these ideas.
Dave
#46
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Umm, well -
All I've got to say is that if both you guys spent as much time making money as you do talking about it - you would be farther ahead...
Bottom line: like I said several pages ago
- the seller is looking for a sucker. Cars are terrible investments. They are toys, period. $35 large for an RX7? - only if it has never been off the showroom floor,
My advice? If it flies, floats or ***** - LEASE IT!
But hey, thanks for the intellectual tit for tat, rather amusing, and FAR beyond what one would expect on this forum!
All I've got to say is that if both you guys spent as much time making money as you do talking about it - you would be farther ahead...
Bottom line: like I said several pages ago
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- the seller is looking for a sucker. Cars are terrible investments. They are toys, period. $35 large for an RX7? - only if it has never been off the showroom floor,
My advice? If it flies, floats or ***** - LEASE IT!
But hey, thanks for the intellectual tit for tat, rather amusing, and FAR beyond what one would expect on this forum!
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#47
Originally posted by dgeesaman
Well, were we trying to sell it to you? No. Guess what? We don't give a rats *** what it's worth to you. We're trying to guess what the final buyer's price will be.
Well, were we trying to sell it to you? No. Guess what? We don't give a rats *** what it's worth to you. We're trying to guess what the final buyer's price will be.
really is that what we are trying to do? Guess what the final buyer's guide will be? Shoot, by the thread starter I would have thought something different.
let me quote this for ya:
Originally posted by roadsterdoc
I found a 95 FD with 5500 original miles. Popular package w/ leather seats, sunroof, 5spd. What is the value of such a car? The owner is asking $35k.
I found a 95 FD with 5500 original miles. Popular package w/ leather seats, sunroof, 5spd. What is the value of such a car? The owner is asking $35k.
Originally posted by dgeesaman
That is the practical market value for the car. blah, blah...
That is the practical market value for the car. blah, blah...
I went back and counted the yay and nays:
5 of you fall under tha yes it is worth it.
4 didn't really give an indication.
18 said no way!
Originally posted by roadsterdoc
It seems for all your study and experience in the free market you'd be more understanding of the application of these ideas.
Dave
It seems for all your study and experience in the free market you'd be more understanding of the application of these ideas.
Dave
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#49
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Does anyone know of any FD's with less than 50 miles that are in storage anywhere.
Now that one would be worth at least $35K to me!
#50
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I think there is another. When I was talking to Lance at lamotorcars.com, he said there was someone in TX, who had a 94 black R2, and they just put it inside somewhere, and don't drive it.