Is the RX7 a good investment?
09-01-18, 10:14 AM
#52
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I don't think it is as an outright investment. When you look a few years down the road when you go to sell, however, what you buy now may determine what you get back. When the market gets hot, all conditions tend to go up fast. But when the market cools off, in my opinion (generally), only the nicer examples tend to keep value.
09-02-18, 01:29 PM
#54
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Car ownership is more a labor of love like anything else .... people put a ton of $$$$$ into their cars because of their own personal tastes but when they sell them the people buying could care less what you done to the car....you never get your $$$$$ back...I work at a dealership .... people come in thinking they added value to the car, but dealers could care less...they tell owners to take off the add-ons and sell them on craigslist or something because they would rather have it stock...
09-02-18, 01:44 PM
#55
Car ownership is more a labor of love like anything else .... people put a ton of $$$$$ into their cars because of their own personal tastes but when they sell them the people buying could care less what you done to the car....you never get your $$$$$ back...I work at a dealership .... people come in thinking they added value to the car, but dealers could care less...they tell owners to take off the add-ons and sell them on craigslist or something because they would rather have it stock...
09-13-18, 02:46 PM
#57
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If it's something you plan on buying, keeping and maintaining... it's a good investment (at the right price). If you plan on flipping it... probably should stay away. Prices seem to keep going up, never seen it go down.
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Nemo128 (11-18-21)
11-18-21, 01:01 PM
#61
I won't say it is or isn't a good investment, but a quick lil view into my story...
FD was a teenage love and bucket list car of mine since it first released. Found myself in a good enough position in life to GZF and get one. Found one, didn't do my due diligence, rushed through the deal, and found out it was crashed and salvage branded but washed in upstate NY by the previous owner. Sunk nearly $50k more into it between engine/mechanical rebuilds/upgrades, still working on it, and definitely wouldn't call mine an investment in anything but others (rebuilding shop, parts suppliers, body shops).
I'd say, just do your due diligence very strictly. I wouldn't go into any car purchase thinking about it like a financial investment (investment in personal enjoyment/satisfaction, sure) because at the very least, it's extremely volatile and the cost of possession (even for an undriven garage queen in storage) might equal or exceed its value. Depending on what you paid, that money might have been better spent dumped into a high return index fund or ETF (just one example of a way to invest).
Are there examples of people getting high prices for their FDs? Absolutely. But what we don't know is what it cost them up till that sale and what that money could have made through more traditional investments.
FD was a teenage love and bucket list car of mine since it first released. Found myself in a good enough position in life to GZF and get one. Found one, didn't do my due diligence, rushed through the deal, and found out it was crashed and salvage branded but washed in upstate NY by the previous owner. Sunk nearly $50k more into it between engine/mechanical rebuilds/upgrades, still working on it, and definitely wouldn't call mine an investment in anything but others (rebuilding shop, parts suppliers, body shops).
I'd say, just do your due diligence very strictly. I wouldn't go into any car purchase thinking about it like a financial investment (investment in personal enjoyment/satisfaction, sure) because at the very least, it's extremely volatile and the cost of possession (even for an undriven garage queen in storage) might equal or exceed its value. Depending on what you paid, that money might have been better spent dumped into a high return index fund or ETF (just one example of a way to invest).
Are there examples of people getting high prices for their FDs? Absolutely. But what we don't know is what it cost them up till that sale and what that money could have made through more traditional investments.
11-18-21, 01:40 PM
#62
I keep seeing this post and so far have refrained from commenting, but here I am. I will say this: no...plain and simple. In general, cars typically are not good investments...which I'm sure everyone already knows, but this car in particular is absolutely not. Mine hasn't given me many problems over the years...it's actually been surprisingly reliable even with my single turbo upgrade, but even still the amount of time and money that this car requires is something I would relate to raising a child. Everyday isn't going to be prefect, but its always worth it. If you're doing it for any reason other than the passion it requires to be a rotary owner, and keep your car on the road, don't even think about the money because it's just oxygen for this car...it breaths on my hard earned dollars, and over the years I've become ok with that.
04-13-22, 07:26 PM
#64
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I'm looking at buying my first RX7. I feel like buying a well maintained RX7 won't lose it's value over time and I have fallen in love with the rotary thank to owning a RX8. have found a 1992 import from japan that I might buy for around 20k. Do you all think that is a decent price for that year? The car has good compression and is very very clean looking. 65k Miles
Thanks!
Thanks!
Last edited by Shepherd; 04-13-22 at 07:38 PM.
04-15-22, 02:09 AM
#66
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