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Thread: Bad economy = lower used car prices - what's the best deal?

  1. #21
    NA Power, Every hour! andrewdruiz's Avatar
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    Yeah, my buddy's dad owns a car dealership, so we get to occasionally go to the Manheim Auctions, and man... not too many sports cars are selling. My friend told me he saw an '05 Carrera S with a $20k reserve end with 0 bids

    Oh how I wish I had money...
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  2. #22
    Senior Member Silversprint's Avatar
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    I think its only going to get worse. The down turn in the economy has just started. Wait until dealers get even more desparate. The GM dealer near my house as 12 2008 corvettes in stock and non of them are moving.

    Another issue is credit. Its a buyers market with cash.

    I'm looking at a new Z51 corvette in the low 40s or a used 06-07 Z06 in the mid 40s. That's 50% depreciation in 1 year. But I think people are staying away from them in case GM goes bankrupt.

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    Captain Planet tq3z's Avatar
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    Quote Originally Posted by R Motorsports View Post
    I can get them anywhere from $7k-$11k.
    May be leaving a deposit for you to help me find one soon. (Within the coming month)

    My mother is pretty set on purchasing one and the price range is just what shes looking for.
    Do you understand?

  4. #24
    Captain Planet tq3z's Avatar
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    Quote Originally Posted by andrewdruiz View Post
    Yeah, my buddy's dad owns a car dealership, so we get to occasionally go to the Manheim Auctions, and man... not too many sports cars are selling. My friend told me he saw an '05 Carrera S with a $20k reserve end with 0 bids

    Oh how I wish I had money...

    I passed up an opportunity years ago to purchase a 996 for 23k.

    Still kicking myself in the ass for it, I could have just as easily turned around and sold it for a quick couple grand pocket change.
    Do you understand?

  5. #25
    鬼佬 Patricko's Avatar
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    Quote Originally Posted by tq3z View Post

    I passed up an opportunity years ago to purchase a 996 for 23k.

    Still kicking myself in the ass for it, I could have just as easily turned around and sold it for a quick couple grand pocket change.
    Those days are over for now.

    You better plan on owning anything you buy for the next few years...

  6. #26
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    Quote Originally Posted by hakeem View Post
    3rd Gen RX7's (FD) are now in the $8-15k range...IMO one of the best chassis' and bang for the buck, although gotta be careful when dealing with a used turbo rotary if it has not been very well maintained.
    FDs are very fragile. I think you'd be asking for big trouble if you try to go racing one.

    996 are the most unloved 911s. 993 are on average 7 years older than 996 and carry a higher price. 997 a lot better than 996 (and a lot more expensive).
    Last edited by Richard EVO; 11-20-2008 at 09:38 AM.
    The deposed former Sheriff of trackHQ . . .

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  7. #27
    "Shoe"
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    Quote Originally Posted by Richard EVO View Post
    FDs are very fragile. I think you'd be asking for big trouble if you try to go racing one
    The biggest problem is that people don't maintain them with regular oil changes, and start pushing more power without upgrading the cooling system.

    Keep the oil and water cool and many of the reliability problems go away. They can be quite reliable when done right, unfortunatley most people don't do it right.

  8. #28
    Senior Member R Motorsports's Avatar
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    Quote Originally Posted by andrewdruiz View Post
    Yeah, my buddy's dad owns a car dealership, so we get to occasionally go to the Manheim Auctions, and man... not too many sports cars are selling. My friend told me he saw an '05 Carrera S with a $20k reserve end with 0 bids

    Oh how I wish I had money...
    Must be something wrong with that car, I would buy it in a heart beat.

  9. #29
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    Quote Originally Posted by R Motorsports View Post
    Must be something wrong with that car, I would buy it in a heart beat.
    +1

    Salvage title possibly? -Even so, would make a great track car. Sell the interior and have fun!

  10. #30
    Senior Member Matt Andrews's Avatar
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    I know its a different price range, but it is pretty crazy when you look up market. A F430 5 or 6 months ago rarely saw below $200k. Now they can be found for $140 and a little under. As a percentage, that is significantly higher than lower priced cars.

  11. #31
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    Bringing this back up from the dead.

    I can't even sell a clean '99 Miata for $6800/OBO up here in Seattle. It's like nobody wants to buy a car anymore.

    Maybe trading with other people +/- cash might be the way to go. I'm looking for an S2K, by the way. Better deals down in SoCal than up here in the PNW. I may have to make a trip down there!

  12. #32
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    I bought a 1996 Corvette C4 LT4 6-speed Coupe for $5,800.
    The deposed former Sheriff of trackHQ . . .

    2006 Porsche 997 Carerra Coupe 6-MT - daily driver
    1992 Honda (Acura) NSX 5-MT - classic investment I couldn't resist and occasionally drive
    2004 Honda S2000 AP2 6-MT - track day car
    2006 Mitsubishi Lancer Evolution IX MR 6-MT - when I need a backseat, 4-doors, or a real trunk, and still want to haul ass . . .

  13. #33
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    Quote Originally Posted by Richard EVO View Post
    I bought a 1996 Corvette C4 LT4 6-speed Coupe for $5,800.
    Wow. Good job.

    So what are your plans for it? Track car or fun street toy or both?

    ...or full-blown T1 race car?

  14. #34
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    Quote Originally Posted by MikeColangelo View Post
    Wow. Good job.

    So what are your plans for it? Track car or fun street toy or both?

    ...or full-blown T1 race car?
    For now, track day car that I'm keeping registered and insured so I can drive it to and from the track. If it survives a year of that, then maybe a full-on race car.
    The deposed former Sheriff of trackHQ . . .

    2006 Porsche 997 Carerra Coupe 6-MT - daily driver
    1992 Honda (Acura) NSX 5-MT - classic investment I couldn't resist and occasionally drive
    2004 Honda S2000 AP2 6-MT - track day car
    2006 Mitsubishi Lancer Evolution IX MR 6-MT - when I need a backseat, 4-doors, or a real trunk, and still want to haul ass . . .

  15. #35
    Racepar Engineering racepar1's Avatar
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    Quote Originally Posted by Richard EVO View Post
    I bought a 1996 Corvette C4 LT4 6-speed Coupe for $5,800.
    I hate you..........







    I've wanted to take a c4 vette and turn it into a street/track car for a few years now. I saw a japanese zr1 c4 vette in a video game that was super awesome and have wanted to replicate it since then. Oh and yes the car in the game was an actual real car.

  16. #36
    "Shoe"
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    I made a few updates on the OP. Anything else worth mentioning?

  17. #37
    Motorsports Photographer imager993's Avatar
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    Any Lotus' hitting sub 25k?
    Aaron Kupferman | 2007 BMW Z4 M Coupe | Visual Effects Electric Reality | Motorsports Photography Motorsport Lens | Other Photography AaronKupferman.com

  18. #38
    Senior Member bellwilliam's Avatar
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    Quote Originally Posted by imager993 View Post
    Any Lotus' hitting sub 25k?
    in this issue of GRM, under Classified, there is an Elise asking $25k. it says it runs perfect, never accident. but high miles.
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