Whats YOUR miata worth
I sold my 99 that was well modd'ed -
JRSC
intercooler
rollbar
nice suspension
big radiator
KG short shifter
nice custom gauges
new cd player and speakers
upgraded tail lights (01+)
4.10 Torsen
new clutch
new ANSA exhaust
new engine (was planning on going turbo so i wanted a fresh engine)
rebuilt head
tons of other things im forgetting.
I sold the car with 100k for $7,000. I probably could have held out and gotten $8k, but i needed to make the sale.
JRSC
intercooler
rollbar
nice suspension
big radiator
KG short shifter
nice custom gauges
new cd player and speakers
upgraded tail lights (01+)
4.10 Torsen
new clutch
new ANSA exhaust
new engine (was planning on going turbo so i wanted a fresh engine)
rebuilt head
tons of other things im forgetting.
I sold the car with 100k for $7,000. I probably could have held out and gotten $8k, but i needed to make the sale.
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Never more than Bluebook for its mileage and condition. Sorry, but it's true. I can't stress this enough. People would like to think their car is worth the value of the car plus modifications but this is almost never the case.
There is only one type of person that can buy a modified car for more than Bluebook and that's a cash buyer- banks will only loan a max of 125% of Edmunds or Bluebook, and that's with really good credit. With the current financial crisis they're going to be even more strict about who they lend to and what percentage of the value they lend. I wouldn't be surprised if they begin only lending a max of 75% of a car's value on cars that are less than three years old.
So now that we know you need a cash buyer, we're talking about a certain kind of fool that buys something that's almost impossible to resell for the same price. Meaning they really have to want not only a modified Miata, they really have to want YOUR modified Miata. Color, the specific mods, the condition- the buyer is not going to settle for anything less than exactly what they want if they're plunking down a large sum of cash on something that in reality is worth a lot less. This limits you to very few people in the world.
The other type of person is even rarer- someone who happens to just see your car for sale, falls in love and also happens to have cash to burn. This happens on old muscle cars a lot but the Miata is not quite classic enough and is still seen as totally ******* homosexual to many people, unfortunately. Don't expect middle aged men having a mid-life to decide they want your fucked to death 1990 turbo Miata for $10,000.
This is why so many people part out their cars.
There is only one type of person that can buy a modified car for more than Bluebook and that's a cash buyer- banks will only loan a max of 125% of Edmunds or Bluebook, and that's with really good credit. With the current financial crisis they're going to be even more strict about who they lend to and what percentage of the value they lend. I wouldn't be surprised if they begin only lending a max of 75% of a car's value on cars that are less than three years old.
So now that we know you need a cash buyer, we're talking about a certain kind of fool that buys something that's almost impossible to resell for the same price. Meaning they really have to want not only a modified Miata, they really have to want YOUR modified Miata. Color, the specific mods, the condition- the buyer is not going to settle for anything less than exactly what they want if they're plunking down a large sum of cash on something that in reality is worth a lot less. This limits you to very few people in the world.
The other type of person is even rarer- someone who happens to just see your car for sale, falls in love and also happens to have cash to burn. This happens on old muscle cars a lot but the Miata is not quite classic enough and is still seen as totally ******* homosexual to many people, unfortunately. Don't expect middle aged men having a mid-life to decide they want your fucked to death 1990 turbo Miata for $10,000.
This is why so many people part out their cars.
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I would never sell my miata (I'd like to think that), and if I did I would want way more than I'd ever get for it as is. I doubt I would ever part it out and put it back to stock. In my last serious relationship I was planning on giving it to my gf when I moved on to the next project. Good thing we never got to that point!
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Joined: Jun 2006
Posts: 29,085
Total Cats: 375
From: Republic of Dallas
I would never sell my miata (I'd like to think that), and if I did I would want way more than I'd ever get for it as is. I doubt I would ever part it out and put it back to stock. In my last serious relationship I was planning on giving it to my gf when I moved on to the next project. Good thing we never got to that point!
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+1 for Johndoe's accessment. Sell of the extra wheels. Sell the Hardtop. Swap back in anything you can do easily for items that have more value off the car that won't hurt performance. That should get you $1500-2000 right there. Now sell the car for around 6k and you're golden.
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