So, with the economy sucking....`

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08-19-2008, 08:01 AM

#21

msydnor

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Quote:

Originally Posted by kotomile

You'll likely never get what you want for it, and you absolutely won't get what it's worth. I made that mistake with my CRX, it was worth around 9k, but no one pays 9k for a CRX. I had to let it go for 5k.

I sold my last project a few months ago. An 87 Mustang GT I had been buidling on for the past 5 years...I had around 20K in it...I got 10 for it.

08-19-2008, 08:31 AM

#22

fmowry

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I'll have to disagree with Joe. A modded Miata won't ever gain value. You will always sell it for a loss. Comparing it to a stock is a bad example. By keeping it you will also realize the loss in interest you are paying for the car payment. You might hold onto it to be able to sell it for less loss in the future but you will also be putting more miles on it, paying insurance for it, and having it lose value by getting older.

If your financial situation isn't great right now, sell it. It's just a car.

Frank

08-19-2008, 09:21 AM

#23

Saml01

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Quote:

Originally Posted by UrbanSoot

and my previous miata: sold it for $5500 with some good mods (right buyer) and came about even on it after a part out.

point is: part it out no matter how many mods you already have on it. you WILL get a lot more money back.

The time and effort spent on parting the car out and buying stock parts to replace the modified ones can be spent earning money elsewhere with half the labor and time involved.

08-19-2008, 09:55 AM

#24

hustler

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i don't understand why anyone would do what we do to cars and think selling off this crap is an option.

Cars aren't financial investments...especially an aftermarket turbo one. However, they are so much fun that they're priceless and irreplaceable. Nothing makes me feel better than a day at the track.