have na mx5 lost there selling appeal?

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Tezzax5
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Re: have na mx5 lost there selling appeal?

Postby Tezzax5 » Tue Aug 19, 2014 2:01 pm

project.r.racing wrote:Agreed.

Still very common on the streets. Once they dissappear, and showroom versions are all that is left. Then prices will go up.

But thanks to zink plated panels and chassis, UV protected ABS plastics, most mid 90s car last forever. They ain't like 60s and 70s classics that rusted away to nothing, making the ones from the country unrusts and the only ones left.


I think you're very much on the right track but i think the volume of good NA's and NB's will disappear faster than most will realise.
Over the next few years with a slowing economy and for some of the younger folk that have bought the 86/BRZ twins etc will start to want to buy houses,have kids and the list goes on.( So a cheap front engine rear wheel drive replacement goes on the shopping list )
Then there's the other enthusiasts that think they can hide under the radar from the popo in hairdresser cars coming from honda's and skylines,etc
But if they don't have the passion for these little roadsters then what?
Flog the guts out of them for a couple of years then offload them as worn out bits of crap. Quite a few will end up at the wreckers,some will get destroyed on the road as well as race tracks...Before you know it parts will be harder to get.
My pricing prediction is that NC's will plummet in value with the upcoming ND as a few of the old cardigan wearers change over as well as getting a few new buyers into roadsters.
( I have a NC as a daily driver before anyone comments :lol: )
Earlier models will probably drop slightly on the fallout of NC's coming to market.
If i was buying and keeping one long term now the only cars i would be looking at would Yellow NA6's, NA8 LE and Clubmans,Original SP's and SE's.
Not for resale value but to know that i'm driving something just a little bit more special.
The thing that i would love to know is what is the percentage of road registered MX-5's compared to all the other registered cars out there?
The number would be very small.

Fluges
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Re: have na mx5 lost there selling appeal?

Postby Fluges » Tue Aug 19, 2014 2:54 pm

I'm only thinking of selling because my place is starting to look like a used car yard. And 5 car registrations, plus boat and caravan and three trailers is pretty tiresome for an old retired person like me.

project.r.racing
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Re: have na mx5 lost there selling appeal?

Postby project.r.racing » Tue Aug 19, 2014 4:14 pm

Fluges wrote:I'm only thinking of selling because my place is starting to look like a used car yard. And 5 car registrations, plus boat and caravan and three trailers is pretty tiresome for an old retired person like me.
Yeah but at least you asking price is reasonable. not asking $7K with same milage and no hardtop.

Even i'm tempted to buy at that asking price.

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Guran
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Re: have na mx5 lost there selling appeal?

Postby Guran » Tue Aug 19, 2014 5:00 pm

Fluges wrote:I'm only thinking of selling because my place is starting to look like a used car yard. And 5 car registrations, plus boat and caravan and three trailers is pretty tiresome for an old retired person like me.

If you're a member of the MX-5 Club of NSW, you can advertise your car (or parts) for free on our Buy & Sell webpage. If you're not a member, we will soon be accepting paid ads - stay tuned.

Good luck with the sale. At the price you're asking, I don't think you'll have much problem finding a buyer. You've just got to get it out there. Also worth posting an ad on mx5cartalk.
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Fluges
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Re: have na mx5 lost there selling appeal?

Postby Fluges » Tue Aug 19, 2014 7:21 pm

I had a look, but it was 80 bucks or something I can't afford to join. I would be interested in paying for an advert if it was really cheap!

Mr Morlock
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Re: have na mx5 lost there selling appeal?

Postby Mr Morlock » Tue Aug 19, 2014 7:33 pm

MX5s are a bargain at present. I would bet that mx5 s will follow a similar trajectory as the British sports cars ie MG , Healeys, Triumphs, Sunbeam. These sports cars were reasonably affordable and popular with young men of the era. Today they bring pretty good prices with big Healeys at the top. JBt is right -don't expect much change in the short to medium term.

speed
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Re: have na mx5 lost there selling appeal?

Postby speed » Tue Aug 19, 2014 7:37 pm

30 years wasn't a guarantee but I suspect a lot will die off between now and then. Either way its not like we are out of pocket by hundreds of thousands of dollars. I won't hold onto mine just to make a few grand. It's just not feasible to store it for that period. That said I'm going to have some fun whilst I have her :)


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Mr Morlock
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Re: have na mx5 lost there selling appeal?

Postby Mr Morlock » Tue Aug 19, 2014 8:20 pm

Thats right. I cannot see anyone getting rich waiting for MX5s to appreciate in money terms. The car is widely regarded by older sports car guys.

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funmx5
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Re: have na mx5 lost there selling appeal?

Postby funmx5 » Tue Aug 19, 2014 9:10 pm

ive tried to sell mine for ages ,its a great car but need to sell it for the one my kids to braces !!!other wise wouldn't sell ,the enquiries I have knock the klm dríven but it drives and feels better than some the cars I have dríven with 20 less years of age ......
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Okibi
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Re: have na mx5 lost there selling appeal?

Postby Okibi » Tue Aug 19, 2014 9:18 pm

NAs have hit the point where how well they're maintained and what fruit is on them determines their selling point.

Any cheaper than the current prices and enthusiasts will just hold onto them. There's more invested into the parts, maintenance and emotionally it's just not worth the asking price to sell.

On the plus side a lot of the beaten up old NAs might be turned into race cars, and the world needs more race cars.
If you had access to a car like this, would you take it back right away? Neither would I.

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gslender
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Re: have na mx5 lost there selling appeal?

Postby gslender » Tue Aug 19, 2014 9:29 pm

Have a good look and try to find a first generation NA6 in good condition. Not one that's done 300klms, and shows signs of lots of wear, but something in the early 100ks with an almost complete interior and unmollested at all. Pretty close to impossible.

That says something for someone who is looking to buy and to someone who is looking to sell.


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Mr Morlock
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Re: have na mx5 lost there selling appeal?

Postby Mr Morlock » Tue Aug 19, 2014 9:52 pm

I think speed was right. People don't just hang on to cars especially when other things have priority and space becomes a problem Racing cars is a niche interest and it means more cost often for something that does not fit well into family life. There are buyers out there at a price and in the scheme of things it's soon forgotten that is losing money. That's what you do with cars. Young people wanting a Uni degree can cost $130k for a 4 year course and an overseas holiday costs what. New car buyers lose 50% of value in 4 years.

93_Clubman
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Re: have na mx5 lost there selling appeal?

Postby 93_Clubman » Wed Aug 20, 2014 4:27 pm

funmx5 wrote:are na mx5 hard to sell with high klms

They're just not worth as much as they used to be.

ozimax
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Re: have na mx5 lost there selling appeal?

Postby ozimax » Fri Aug 22, 2014 5:59 pm

[quote="gslender"]Have a good look and try to find a first generation NA6 in good condition. Not one that's done 300klms, and shows signs of lots of wear, but something in the early 100ks with an almost complete interior and unmollested at all. Pretty close to impossible./quote]

I am now even more than happy with my NA purchase from a few weeks ago. Superb interior + 160K mileage for $4750. Hopefully I can keep it just as nice while enjoying the thing.

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gslender
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Re: have na mx5 lost there selling appeal?

Postby gslender » Sat Aug 23, 2014 11:28 am

ozimax wrote:
gslender wrote:Have a good look and try to find a first generation NA6 in good condition. Not one that's done 300klms, and shows signs of lots of wear, but something in the early 100ks with an almost complete interior and unmollested at all. Pretty close to impossible.


I am now even more than happy with my NA purchase from a few weeks ago. Superb interior + 160K mileage for $4750. Hopefully I can keep it just as nice while enjoying the thing.


Sure. I have no doubt you can find the occasional low priced, original NA6 for a good deal. But just have a look at these real examples that you can find on CarSales right now....

  • 1990 NA6 genuine 36K in VIC for $8999
  • 1990 NA6 genuine 111K in NSW for $8500
  • 1990 NA6 genuine 118K in VIC for $6999
  • 1991 NA6 (auto) genuine 118K in NSW for $9000
  • 1989 NA6 genuine 126K in VIC for $8900

If I then restrict the search to QLD, this is the best available...

  • 1989 NA6 modified 131K for $10999
  • 1990 NA6 (auto) genuine 151K for $7500
  • 1989 NA6 genuine 165K for $8000
  • ...and the remaining 7 or so cars head into the 200K+ and after that you're buying NA8s etc..

My point is that genuine, in good condition, low klm NA6 models are hard to find. Most are over 150K, modified (sometimes ghastly), and in poor state.

I guess if you're happy with any bit of crap, then yes, those models are losing their value.

G
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