Are they going to go up or down

Started by normski, January 10, 2006, 09:31:52 AM

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Clarky

It seems that every winter the FDs are getting broken up, we here about the ones on this club, but how many others are being broken that we dont know about, its just a matter of time, and our loved cars will start rising in value, and spares shoul be in ample supply. we just gotta hang in.
Lead me not into temptation, I can find it myself...
But i can always do with some help now due to, my advancing years!

Freddy

Gonna run mine to the ground! :)

Interesting thread. I doubt the FD will rise in price. As time goes on, we\'ll see more being lost due to the frequent accidents, rust and other causes making the RX-7 an even rarer site. Still doubt that is enough to make prices rise. There are a lot of RX-7\'s currently in the UK. Most of these have seen better days, yet they are still running and being retailed.

On the other hand, the supply from Japan is consistent and will probably remain so for a while - afaik, many of these are poor examples of an RX-7. Fact does remain however - a near standard, mint RX-7 in Japan will still sell for more than an importer is willing to pay. These are usually sold within the Japanese Domestic Market. I can\'t see why that model will not take place here too eventually in that standard RX-7\'s will be worth more here. After all, one would assume a standard FD not to have been thrashed the same way a highly modified one would.

I personally would never like to sell any from my daily, weekend and track RX-7. However, if I did I would make sure I still have just one. It may not be worth much in 20 years, but that would not bother me. I would pass it on to my kid(s) and expect it to be driven - properly.  ;)

rextreme

Australia perspective.

the FD cannot be imported here in large numbers because it was available locally at a hefty price of $70,000AUD.
This in contrast to say the Supra which are a dime a dozen.
Only Private imported vehicles with Japanese resident status can be imported.
thats how mine came in.
This has helped keep used FD around the $30 000AUD even for 1992
Supra turbos are going for 17K by comparison.

Recently the post 99 cars are arriving as they were not sold in OZ.
Dodgy damaged/repaired cars are showing up like before but you do find the odd genuine low klm Spirit R. Asking $75,000AUD

Aussie rules now dictate that only cars close to stock can be imported which also which elimiminates the thrashed drift cars or benefits of buying a cheap highly modified car just for the parts.

In Aus there is still hope for resale.

Limited version SP in awesome condition will still fetch 60K+ from the 100K new price.

Newera

#33
I think you\'ll find they will go up in price after a while...

Why?

Well, the good RX-7\'s in Japan continue to hold their prices strong and as there are fewer and fewer good ones to be found (Than say 3 years ago!) they\'ll probably start to go up in price in Japan, as demand exceeds supply of good ones. The rough tat will continue to be cheap for those who are foolish enough to buy these.

In 1998 I sold a Corolla AE86 in the UK for £1,250 which was a fairly high price at the time. Now they\'re 20 years old, they\'re very collectable and sought after in good condition. We\'re paying top prices for & retailing top examples with some tuning for around £6,000 - £7,000 and they\'re not going to depreciate... Only appreciate.

The FD3S is one of the world\'s greatest sports cars (If you have a good one, but can be one of the worst if you have a rubbish one!). Rotary engines are their strength for those who know them and their weakness for those who don\'t. In Japan people aren\'t as afraid of rotaries as in the UK, so prices will go up for the pukka ones here... So that should have a knock on effect for the countries that import them.

Remember also, that Canada imports 15 year and older cars, so next year you\'ll start to see GOOD 1992 RX-7\'s begin to fetch strong prices in Japan, just like 1990 & now 1991 R32 GT-R\'s do.  

Mine\'s a keeper for life and will go onto my kids someday, if we don\'t all lose most of what we have in a world war or another catastrophy...so as far as investment is concerned for me it doesn\'t matter. It\'ll never be for sale :D
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barmar

QuoteJust a thought here, Again, Did anyone see the FD advertised in the classic car mag about 18 months ago. had load done to it and was very nice, So I was told. Anyway, I agree here, it did take about a year to sell it, but it went for about 26K and it was a mid 90\'s version.  

Is that the one at Nostalgia. He had it longer than a year, when I first started looking around for one I saw that ad without a price so gave him a call, he wanted £37k for it. This was maybe 3 years ago possibly a bit longer, the most expensive one I saw other than that at the time was about £22k and it was a \'99 car with about 14k kms on the clock. I think he had taken it as part ex for one of his cobra\'s not realising what it was actually worth, maybe he had taken it for a spin and thought he could make money on it. I\'m surprised he got £26k for it in the end.


I have to say I think the prices will continue to go down for a while yet, especially with plenty of cheap imports coming in, but as Newera said the prices in Japan will start to firm up and that will mean less imports. On top of that more will be crashed or become uneconomical to fix (and hence be taken off the road) so the prices will start to rise. I think it\'ll happen in maybe 5 years or certainly they will reach the lowest they will go in the next 5 years.


Barry

satch

I really do think that people selling their cars need to be a bit more patient,
there\'s been so many adverts recently where the seller has knocked 1-2k off the asking price after just a week or so :rolleyes:
There\'s one guy selling at the moment that admittedly has just been made redundant that seems to be letting his fd go for 5.5k that has recently had a full respray AND a rebuild at WGT(i fully understand that he\'s probably desperate for cash so i\'m not knocking him for that)...it just seems so wrong to me :(

normski

I am Surprised at the response to this one, I too have no plans on selling my thing. I have spent far far too much money on it to even begin to get anything like I spent on it. Yes I managed to get a dog. But we live and learn. I got sucked into the whole episode. And it just snowballed from there, classic situation. But that’s water under the bridge now. Today, at least I know what I have got. Which to me is worth a lot. I must have spent over 40K along with the 8K it cost me to buy the bloody thing. The up side for me is it’s a one off ish! Nemesis done a great job on the body and paint, and Pip at WGT has look after me regards the mechanical side of life. As you may know, it’s having the 20B with the chrome, bit put on it, which should be on or very near 600BHP when it’s eventually done ( almost a year now ) I Think it’s growing grass under it. The thing is, I am hoping it’s going to be one hell of a car when it’s back. The interior still needs a small bit TLC, but that will come. It’s going to be too mad for the road ( or me) I think. But it only goes as fast you put your foot down. So in short, I would sell it if someone offered in the region of 40K for it. Laugh!!!!! As we all know that is just not going to happen this side of the grave. So unless, I am starving to death it won’t be sold. Give us a sweet please hahahaha!!!!      :Typing