Terrible Resale Value?

[Tcoat]

Originally Posted by Dadhawk

You just nailed my ultimate resale price for any car I own. If it's worth more than about double scrap value when I'm done with it then I'm doing something wrong.

That's also why I can't buy some of those classic cars I want. I'd drive the value right out of them.

Yep. You use a car it loses value. To expect anything else is just silly.

[extrashaky]

Originally Posted by Tcoat

I know nothing about CarMax but can/will they negotiate on other add ons (i.e. trade in, extended warranty, whatever) like Scion would.

I haven't dealt with them personally, but I doubt they have to. People who sell to Carmax already know they're going to get a low offer. People who buy from Carmax go there because it's worth a couple of thousand dollars to them not to have to negotiate. It wouldn't surprise me if they won't even throw in the service contract.

I really wouldn't compare Scion's situation to Carmax. You didn't go to Scion because you wanted a no-haggle car buying experience. You went there because you needed a cheap new car and/or their style appealed to your questionable tastes (the FR-S excepted). The no-haggle policy was rarely going to draw someone over from the Toyota dealership next door or attract them away from the Honda dealership down the road. Since Carmax sells all brands, they'll likely have a car you like if you don't mind the take-it-or-leave-it pricing and would be a lot more likely to pull customers away from other used car dealers.

So since Scion was competing with other new car brands that would negotiate, they had to find a workaround with the trade, add-ons and financing. Carmax doesn't really have to do that.

[ST185RC]

Why are some AE86s that are rusted out selling for $5K with like 200K miles on them? Simple, because they don't make them anymore. Hold onto your 86s until they become rare rusted out 200K mile machines when all others are effectively dead.

Resale value is a silly metric to base a car's smiles/gallon.

[extrashaky]

Originally Posted by ST185RC

Why are some AE86s that are rusted out selling for $5K with like 200K miles on them?

Because somebody put one in a cartoon. You'd be able to pick them up for under $1K today if it weren't for Initial D.

[Jordanwolf]

Originally Posted by extrashaky

Because somebody put one in a cartoon. You'd be able to pick them up for under $1K today if it weren't for Initial D.

Good thing though, or else we wouldn't have our cars now.

[funwheeldrive]

Originally Posted by extrashaky

Because somebody put one in a cartoon. You'd be able to pick them up for under $1K today if it weren't for Initial D.

Intial D helped, but c'mon any clean, reliable, lightweight rwd Japanese car from the 80-90s is going to demand a premium these days.

Hell, there was a 99 Civic Si that just sold on BaT for $24,000. They just don't make them like they used to, and people realize that and are willing to pay more because of it.

[SCQTT]

Weird, poor selling cars often become cult classics. Stock is always best, with the highest performance package possible. Weird colors typically demand the highest prices because they are rare.

01-02 BMW Z3 Coupes are a good example. A low mileage, weird color combo without a sunroof can approach $100K, that is more than 2 times the original price of a car that is less than 20 years old.

Only 15K were made for the entire production run.

All US models came with a sunroof, to get one without you had to order one with "sunroof delete".

A few people ordered weird exterior colors with weird interior colors- there are a few combinations that there are only one or two cars that were built like that. Those unicorns demand a $10k premium or more.

[humfrz]

Originally Posted by funwheeldrive

Intial D helped, but c'mon any clean, reliable, lightweight rwd Japanese car from the 80-90s is going to demand a premium these days.

Hell, there was a 99 Civic Si that just sold on BaT for $24,000. They just don't make them like they used to, and people realize that and are willing to pay more because of it.

Let the bidding begin .......


humfrz

[extrashaky]

Originally Posted by Jordanwolf

Good thing though, or else we wouldn't have our cars now.

We might. The demand for a light, inexpensive RWD sports car would still be there.

It just wouldn't have the nonsense marketing connection to the AE86. That car has no significant connection to the current 86 other than the fake marketing link to draw in Initial D fanboys.

[SCQTT]

Originally Posted by extrashaky

We might. The demand for a light, inexpensive RWD sports car would still be there.

It just wouldn't have the nonsense marketing connection to the AE86. That car has no significant connection to the current 86 other than the fake marketing link to draw in Initial D fanboys.

Much closer connection to the 2000GT

[funwheeldrive]

Originally Posted by extrashaky

We might. The demand for a light, inexpensive RWD sports car would still be there.

It just wouldn't have the nonsense marketing connection to the AE86. That car has no significant connection to the current 86 other than the fake marketing link to draw in Initial D fanboys.

Adjusted for inflation both cars were roughly the same price new. Both are lightweight, economical, rwd, high revving NA 4 cylinder cars that can seat more than 2 people. Seems pretty similar in spirit to me?

Originally Posted by SCQTT

Much closer connection to the 2000GT

Maybe in terms of exterior design? Other than that the 2000gt and gt86 are very different cars.

[Jordanwolf]

Originally Posted by extrashaky

We might. The demand for a light, inexpensive RWD sports car would still be there.

It just wouldn't have the nonsense marketing connection to the AE86. That car has no significant connection to the current 86 other than the fake marketing link to draw in Initial D fanboys.

The demand, although it exists, is rather small and no auto company really needs to have anything that fits this category to succeed unfortunately. It seems like they just do it when they are bored or something.

"Let's beef the hell out of a Civic and release it in the Americas again, and it won't be affordable for the young adults it targets."

Meanwhile, in NSX land: "Let's make a baby NSX?!" , "Nah that's stupid, let's make a Clarity"

[Jordanwolf]

Originally Posted by SCQTT

Much closer connection to the 2000GT

Let's not start this discussion again lol, someone going to start bringing up Celica and crap.

[Tcoat]

Originally Posted by extrashaky

I haven't dealt with them personally, but I doubt they have to. People who sell to Carmax already know they're going to get a low offer. People who buy from Carmax go there because it's worth a couple of thousand dollars to them not to have to negotiate. It wouldn't surprise me if they won't even throw in the service contract.

I really wouldn't compare Scion's situation to Carmax. You didn't go to Scion because you wanted a no-haggle car buying experience. You went there because you needed a cheap new car and/or their style appealed to your questionable tastes (the FR-S excepted). The no-haggle policy was rarely going to draw someone over from the Toyota dealership next door or attract them away from the Honda dealership down the road. Since Carmax sells all brands, they'll likely have a car you like if you don't mind the take-it-or-leave-it pricing and would be a lot more likely to pull customers away from other used car dealers.

So since Scion was competing with other new car brands that would negotiate, they had to find a workaround with the trade, add-ons and financing. Carmax doesn't really have to do that.

That makes sense. I wasn't really comparing the two so much as using them as an example of how "no haggle" doesn't really always mean no negotiations.