Why does 3rd gen Rx-7 Value sooo LOW?
02-10-03, 11:53 AM
#26
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Am I the only one who has thought of this....?
Or is that just that I am a Canuck?
I think we would all have to agree that unlike most car types that 3rd Gen Rx-7 sales are generally private sales. Hard to find a good one off a dealer....
That being said..when you buy the 3rd Gen and you go over the to Licensing Office and get your ownership etc you then declare the value of the vehicle (the price you "paid" ) for taxation reasons. AND then you get TAXED on your declared value riiiggghhhtttttt?
So do you not believe that values would be artificially deflated because declared sale prices are held down for tax purposes?
Maybe only in Canada though???
I think we would all have to agree that unlike most car types that 3rd Gen Rx-7 sales are generally private sales. Hard to find a good one off a dealer....
That being said..when you buy the 3rd Gen and you go over the to Licensing Office and get your ownership etc you then declare the value of the vehicle (the price you "paid" ) for taxation reasons. AND then you get TAXED on your declared value riiiggghhhtttttt?
So do you not believe that values would be artificially deflated because declared sale prices are held down for tax purposes?
Maybe only in Canada though???
02-10-03, 11:58 AM
#27
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Re: Am I the only one who has thought of this....?
Originally posted by kmaot
Or is that just that I am a Canuck?
Or is that just that I am a Canuck?
02-10-03, 12:03 PM
#28
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Originally posted by jimlab
The bottom line is that the Mazda brand has never commanded a premium (or respect, outside racing) or held its value in any car they've ever produced, that I am aware of. They've long been considered one of the "cheap" imports, one of the cheapest until Kia and Hyundai stole that dubious honor.
The bottom line is that the Mazda brand has never commanded a premium (or respect, outside racing) or held its value in any car they've ever produced, that I am aware of. They've long been considered one of the "cheap" imports, one of the cheapest until Kia and Hyundai stole that dubious honor.
02-10-03, 12:33 PM
#29
I would have to agree with JimLab on this one. Jim, you are right as usual however something to think about is the fact that these lower valued FD's are trashed and in need of a decent amount of repairs. The economy is not in a very good state and people dont have extra cash to throw around especially on a FD.
Bottom line folks i think there is still a decent amount of core enthusiasts who would pay a premium for a good example. Finding the right person to pay that premium who knows the FD and its realiablity issues is sometimes a difficult task, however they are certainly out there.
Bottom line folks i think there is still a decent amount of core enthusiasts who would pay a premium for a good example. Finding the right person to pay that premium who knows the FD and its realiablity issues is sometimes a difficult task, however they are certainly out there.
Last edited by 2-Rotor; 02-10-03 at 12:35 PM.
02-10-03, 12:36 PM
#30
Super Snuggles
Originally posted by Manntis
Not quite accurate. When the RX-7 was first released in 1978, it was selling for as much as $2,000 above sticker price - which is a lot when you realize sticker price was $6995. Sales for the model were almost 10 times what Mazda had predicted.
Not quite accurate. When the RX-7 was first released in 1978, it was selling for as much as $2,000 above sticker price - which is a lot when you realize sticker price was $6995. Sales for the model were almost 10 times what Mazda had predicted.
02-10-03, 02:07 PM
#31
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Originally posted by 2-Rotor
Bottom line folks i think there is still a decent amount of core enthusiasts who would pay a premium for a good example. Finding the right person to pay that premium who knows the FD and its realiablity issues is sometimes a difficult task, however they are certainly out there.
Bottom line folks i think there is still a decent amount of core enthusiasts who would pay a premium for a good example. Finding the right person to pay that premium who knows the FD and its realiablity issues is sometimes a difficult task, however they are certainly out there.
02-10-03, 07:44 PM
#32
2/4 wheel cornering fiend
That's why I didn't mind shelling out $18K for my '93 FD from the original owner four years ago. He was an engineer, totally **** about his stuff, so I knew he was the same with the car. When I bought it in '98, the car only had 28K miles on it. Been runnin' like a champ ever since.
Love the AMC photos...
Love the AMC photos...
