Wondering if anyone knows the current market for certain vehicles that are worth more (or should be) than the current market value for them. Doesn't have to be challenge money. Old or new. What's a bargain these days? Seems like the cop cars have caught on. Everything in my area has 3500$ and up.... anything v8 mustang is pricey...
But a car is worth its current market value. That's what creates the market value.
You can buy stuff that you think should be worth more, and hope everybody else figures it out after you buy, but that's a pretty low percentage bet.
I consider a Mazda RX8 a good value. Cars with comparable performance sell for more money than an RX8. Many see the rotary as a negative and they are priced accordingly.
I think it's pretty rare these days that people sell a car, not knowing that it was the hot option package or limited edition. I think because of all the barn-find TV shows, people think every rusty Chevette is worth twice what it is.
A TR8 might fit into this. If they confuse it with a regular TR7 or not understand how much better it is over a TR7. That would be a rare find as a TR8 itself is rare and the finding an owner who does know what it is would be more rare still.
I think there are geographic variations in values (i.e. My folks have a 2wd grand Cherokee in Florida. It has ok value there. It would be a tough sell in northern Illinois).
Anything with an older Infiniti badge.
They're good cars just that very few people set out looking for one. As such, actual selling prices are much lower than asking prices.
The original fiat 124 spider.
I would say you are 10x more likely to find cars that are worth less than people think they are. I understand that's not your question, but it's the actuality of it.
pinchvalve wrote: I think it's pretty rare these days that people sell a car, not knowing that it was the hot option package or limited edition. I think because of all the barn-find TV shows, people think every rusty Chevette is worth twice what it is.
I agree. All those staged "reality" shows have every idiot thinking they are sitting on a gold mine.
JohnRW1621 wrote: Anything with an older Infiniti badge. They're good cars just that very few people set out looking for one. As such, actual selling prices are much lower than asking prices.
How old? Like 89-99 or like 2000-2008?
oldtin wrote: I think there are geographic variations in values (i.e. My folks have a 2wd grand Cherokee in Florida. It has ok value there. It would be a tough sell in northern Illinois).
And a ratty but straight and rust free truck is worth 3k more in the salt belt.
JohnRW1621 wrote: Anything with an older Infiniti badge. They're good cars just that very few people set out looking for one. As such, actual selling prices are much lower than asking prices.
Some of the best luxury values out there. Never caught on like lexus, values tank almost like the Germans, without the pesky pixel deaths.
In reply to Trackmouse:
1990 - 2006
The brand started in 1990.
Anything 10 years old is pretty well overlooked.
Another tip...
When searching CL be sure to search Infinity also since 30% will be listed with this misspelled name.
JohnR: I did some searchtempest searches on the Q ships. While significantly cheaper than a comparable Lexus, the ones in our area are still pricey. Can you now teach us how to find one as cheap as you did for the challenge? I found one on ebay that is LOADED and I'm thinking the Q45 might be a really nice DD for me in the near future.
JohnRW1621 wrote: ...actual selling prices are much lower than asking prices.
Listings for Infinitis tend to be up for a long time. The sellers have hopes of high selling prices (similar to the prices of Lexuses) but that is not how it ends if they really want to sell it.
My most recent 1990 Q45 had 69k miles and was stored indoors all its life except for that one month when it got totaled due to hail damage. $900 from Insurance auction. Yes, it has hail damage but it is hard to see in photographs.
List some links to what you are finding.
hail damage: $3k https://www.cars.com/vehicledetail/detail/684054873/overview/?aff=atempest&CMP=atempest
closer, but they want more money and it has a lot less miles: https://www.cars.com/vehicledetail/detail/683638405/overview/?aff=atempest&CMP=atempest
really tempting: http://www.ebay.com/itm/like/361807278240?vectorid=229466&lgeo=1&item=361807278240&rmvSB=true
https://akroncanton.craigslist.org/cto/5849690614.html</
https://mansfield.craigslist.org/cto/5824141776.html
https://cleveland.craigslist.org/cto/5815882903.html
On the last two, offer about $1k less than what they are asking.
Also notice how cheap that Chrysler Crossfires are listed for. I'm not sure that I can recommend on as a "reliable car" but I am seeing them with asking prices of $4k. If I can find one with "the right problems" I think I can find one that will qualify for The Challenge.
The most base model offered only came in black with black cloth and a 6 speed manual trans. These are the absolute least desirable (and therefore cheapest.)
Here are some samples without trying very hard at all:
In reply to asoduk:
Get with Andy. That's where I got my cheep Q45. Rumor has it that he's keeping another one or two in his basement.
In reply to Stampie:
Not my fault old luxury cars accumulate in my basement.
I like that one listed on eBay. Tempted to throw out a bid
I don't know the value of my Acura. I thought it was worth actual money, but nobody wants a 27-year-old Acura, it seems. Except for people who are 2000 miles away.
Jaguar XK8, XKR, XJ8, XJR. Maybe it's my area, but lots for sale in good shape for low prices.
pinchvalve wrote: I think it's pretty rare these days that people sell a car, not knowing that it was the hot option package or limited edition. I think because of all the barn-find TV shows, people think every rusty Chevette is worth twice what it is.
You'd be amazed what a rusty Chevette will bring...
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