Turbo Miata Track Car - Raleigh, NC

Updating the price. Dropped from $7200 to $6500 firm. I've got my eye on another car so I figured I'd skip the price haggling and drop to my bottom price. It's a great car. Just jump in and hit your next track day.

I'm also including an IBM ThinkPad laptop with all of the tuning/datalogging software installed. (I searched for months to get all of the cables and drivers I needed. The EMU cable I actually had to get shipped in from Australia).

Still available. Somebody needs a great track car! And it's street legal.

Still available. Had quite a bit of interest but nobody with cash yet. It's a great car. I can't believe somebody hasn't jumped on it. I looked for months to find a well-sorted track day toy that was street legal.

Your CL link is expired

bigmackloud wrote: Still available. Had quite a bit of interest but nobody with cash yet. It's a great car. I can't believe somebody hasn't jumped on it. I looked for months to find a well-sorted track day toy that was street legal.

Unfortunately, i can. Market for turbo Miatas seems to have dropped out. I had my built motor turbo car listed for months and months before finally accepting a bit less than your asking price.

I like your car, though.

SVreX - thanks for the heads up about the CL ad. I guess when I renewed it, the link changed. Any ways, it's updated now.

Swank - yea, I've thought about what the market value is/should be. My hang up is that you couldn't build a comparable car for less. And that's not considering your labor or simply the time required to properly sort a car so that you can just roll it off the trailer and hit the track. But I guess that's a seller's logic haha.

Unrelated, but equally depressing, was when I sold my Mustang. Made 615rwhp. I had over $25k in receipts for parts alone, not counting any labor or engine machine work. Sold for $14,500.

In reply to bigmackloud:

I like your car too, but Swanky's right.

There is a very slim market for your car.

CL is the wrong place to sell it. GRM probably is too. Too many cheapazzes.

The only place you are going to sell that car at the price you want is to someone who has seen it perform in person and is impressed.

Online, everyone can compare book value (KBB says $1622 in Good condition, $2057 if Excellent, which you have already said it is not). I understand, KBB is an unfair way to judge the car. Right, but online buyers will always do it.

So, if you take the KBB price and add some value for the primary add-ons, it's still gonna be hard to get to your price. And it's still gonna be a turbo Miata with a 1.6L. There are a ton of questions from racers as to the reliability of turbo Miatas, and most want the 1.8L. Again, perhaps not fair, but reality (I own a turbo 1.6L Miata and love it, but I'm not everyone).

At $6500, you are pretty deep into NB territory. My EBay search of NB's found 52 cars sold, and 39 of them were below $7K. 9 were over $8K, and only 2 were over $10K.

So, a serious buyer would ask himself, "Do I want a 165K '92 NA with a 1.6L, some good parts, and some track abuse that is apparently quite reliable, but only because the owner says so (no log book, etc to prove it), or would I rather buy the NB I want, and add the parts I want and sort it well?"

You said the value of your car is as a track car. People who want track cars are not usually afraid to put some time, effort, and money into having the track car they want. I would suggest that the value of your car is in it's parts. The most you will make is in parting it out. I know that's not what you want to hear.

I would consider buying a car like your as an Exocet donor. But it is still a little high price point.

If you want to know the value of your car, go through your parts list and price the parts separately, at no more than 50% of retail. Add the total to an $1800 car, and that will be a good price.

I don't doubt the car is worth $6500 to you. But that is not the point. The question is what is it worth to other people. It is worth $0 sitting in your driveway.

Hope this is helpful. I hate being the bearer of bad news.

Well I do a agree that an item is worth whatever someone is willing to pay for it.

I might acert however that smart money is buying someone's finished project. It's like when people start thinking about a v8 swap into whatever car. The reality is it will cost you double than what you had planned for. There are so many little things that spring up that will cost you money.

But for kicks and giggles, here are some rough numbers...

$3000 - stock 1990 NA on CL, hardtop, 222k miles (I did a local CL search) $1000 tires wheels $1000 suspension $1500 seats harnesses roll bar $3500 turbo and tuning setup $500 clutch

So by your suggestion of upgrades adding 50% of their cost (no labor value), I'm at $7500 in parts, so $3250 plus the $3000 car, puts you at a value of $6250. And I didn't include any valuation for the Torsen diff swap either.

By that math I'm not too far off. So you can buy my car, save $3-4k and several months of build time, and the loss of a few track events trying to sort inevitable problems of a new build car.

Final disclaimer, I by no means intend this in a confrontational manner. Just enjoying the conversation with like minded enthusiasts.

Price drop to $6200.

Price drop to $6000. I'll be at VIR this coming Saturday 9-12-15 and could deliver to a serious buyer. Just an option.

Show people the current Miata ad, the one with the Miata race car that was purchased with miles like yours, then turned into a race car, and now has over 300,000 miles on it.

Sold! Going to a new home just 20min from Road Atlanta!