Feeler - Should I sell my Miata?
#1
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Feeler - Should I sell my Miata?
I could use the money right about now..
For those who are unfamiliar, mine is a '93 Greddied 1.6, 240rwhp, all of the suspension, etc.
Of course, I won't get out of it nearly what I put into it. There must be 12-13k tied up in it, but since I have a daily now and won't realistically get to drive it like it should be driven until I get back from an upcoming deployment sometime next fall, it's making more and more sense to sell.
What say you, MT? Is 6k an unfair asking price?
For those who are unfamiliar, mine is a '93 Greddied 1.6, 240rwhp, all of the suspension, etc.
Of course, I won't get out of it nearly what I put into it. There must be 12-13k tied up in it, but since I have a daily now and won't realistically get to drive it like it should be driven until I get back from an upcoming deployment sometime next fall, it's making more and more sense to sell.
What say you, MT? Is 6k an unfair asking price?
#2
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Just in case anyone asks for a mod list, here's a quick top-of-my-head:
Engine
Greddy turbo & manifold
MSPNP
22x9x3 FMIC / Devil's Own basic W/AI
Begi DP, Enthuza 3"
Drivetrain
ACT HD
Fidanza flywheel
Mazdaspeed 6-speed
Sav's RX-7 clutch-type diff
Redline fluids
Suspension
Energy bushings (black), zerk fittings
Bilstein HD shocks
GC 700/325
25mm/15mm solid sways (Eibach)
steering depower/Prothane rack bushings ('97 rack)
Brakes
TSE 11.75" BBK front
NB Sport rear
Goodridge SS lines
Interior/safety
HDHCSD
HD door bars
Sparco Sprint Vs
Simpson 5-pts (uninstalled)
Momo champion/Works Bell QR hub
Misc. bling
Exterior
Resprayed in 2006
Touge Run lip (cracked but "sewn" back together)
NACA ducted headlight lid
Hella E-codes
red front reflectors
hard top (SM brackets)
new windshield 2012
Engine
Greddy turbo & manifold
MSPNP
22x9x3 FMIC / Devil's Own basic W/AI
Begi DP, Enthuza 3"
Drivetrain
ACT HD
Fidanza flywheel
Mazdaspeed 6-speed
Sav's RX-7 clutch-type diff
Redline fluids
Suspension
Energy bushings (black), zerk fittings
Bilstein HD shocks
GC 700/325
25mm/15mm solid sways (Eibach)
steering depower/Prothane rack bushings ('97 rack)
Brakes
TSE 11.75" BBK front
NB Sport rear
Goodridge SS lines
Interior/safety
HDHCSD
HD door bars
Sparco Sprint Vs
Simpson 5-pts (uninstalled)
Momo champion/Works Bell QR hub
Misc. bling
Exterior
Resprayed in 2006
Touge Run lip (cracked but "sewn" back together)
NACA ducted headlight lid
Hella E-codes
red front reflectors
hard top (SM brackets)
new windshield 2012
Last edited by kotomile; 09-05-2012 at 07:18 PM.
#4
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I wouldn't sell it at this point. IMO the fact that it's a 1.6 car is irrelevant, assuming it has a torsen rear end and 1.8 brakes. The 1.6 obviously makes plenty of power and is immaculate otherwise.
It would be a shame if you got less than 6k for it.
It would be a shame if you got less than 6k for it.
#11
6k is a steal for those of us that own miatas, but for most in the market right now even that's not really anything special. People are unloading sweet cars for pennies these days cause they're broke.
So I see it this way:
if you sell it, take a 6k loss, and later miss it and want to do another miata, you're starting fresh down 6k. Or you keep it, get by without the extra cash, and get to enjoy something you put tons of money and time into.
Basically I'm not sure its worth taking such a big loss at this point.
And no, I don't think 6k is too low. Look at the damn market: anything that isn't dirt cheap is sitting for sale for months/years.
So I see it this way:
if you sell it, take a 6k loss, and later miss it and want to do another miata, you're starting fresh down 6k. Or you keep it, get by without the extra cash, and get to enjoy something you put tons of money and time into.
Basically I'm not sure its worth taking such a big loss at this point.
And no, I don't think 6k is too low. Look at the damn market: anything that isn't dirt cheap is sitting for sale for months/years.
#14
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That's true, but the markets are also different across the country. In the Atlanta area, that's a $5k car stock, so $6k with the turbo goodies, brakes, 6ULs, etc is pretty smokin'. I imagine it's probably a $3k car in CA (stock).
#15
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Truth. Where I live (one of the top 10 poorest states in the US) that's still at least a 5-6k car including those mods. I'd still ask 6k at least. While this state is pretty poor, people love spending it on modified cars - so they actually still go for a decent price.
#16
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Welp, no longer in a financial bind, but now I have another sporty car so the Miata's going to have to go.
So now the question is: do I start a FS thread while I'm still deployed and have my wife try and seal the deal, or do I wait until I get back, which depending on my boss' boss' mood, could be either next month, July, or September.
Decisions..
So now the question is: do I start a FS thread while I'm still deployed and have my wife try and seal the deal, or do I wait until I get back, which depending on my boss' boss' mood, could be either next month, July, or September.
Decisions..
#17
Welp, no longer in a financial bind, but now I have another sporty car so the Miata's going to have to go.
So now the question is: do I start a FS thread while I'm still deployed and have my wife try and seal the deal, or do I wait until I get back, which depending on my boss' boss' mood, could be either next month, July, or September.
Decisions..
So now the question is: do I start a FS thread while I'm still deployed and have my wife try and seal the deal, or do I wait until I get back, which depending on my boss' boss' mood, could be either next month, July, or September.
Decisions..
Where is the car located? I'm ready to buy a car with cash in hand and willing to travel so maybe we can make this a quick and easy deal. Im supposed to pick up a car in the Phillidalphia area next weekend (27th-28th) but am questioning the owners motivation to sell. Can you shoot me some interior pics?
Thanks Evan
#18
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koto, my experience selling my car was to wait for the buyer to find it, not to wait for it to find a buyer. I kept my eyes peeled for people looking for something similar and shot them a PM or replied to the thread with a "hey I have that car more or less and I'm considering selling. would you consider $XXXX?
And if they are looking, then they are aware of the cost of doing the mods and will appreciate the right car for the right price.
Just make sure you get enough for it that you're satisfied even if you don't get what you put into it.
At the end of the day, you want to both sell it and feel satisfied with the terms. And satisfaction for me included not getting absolute top dollar if it meant putting in a lot of work to sell the car.
And if they are looking, then they are aware of the cost of doing the mods and will appreciate the right car for the right price.
Just make sure you get enough for it that you're satisfied even if you don't get what you put into it.
At the end of the day, you want to both sell it and feel satisfied with the terms. And satisfaction for me included not getting absolute top dollar if it meant putting in a lot of work to sell the car.