ITRCA

Just wondering what your thoughts are on this? People have less disposable income for toys and hobbies and can't be refinancing or pulling equity out of their homes anymore. I know you guys always say to wait for the right buyer, but in all honesty, they are becoming few and far between. I don't own one, but have been keeping an eye on the market.

where do you see them falling? i've had two unsolicited offers in the past month my caR, at a price greatly exceeding my recent purchase price, and it isn't even for sale (nor have i even hinted at it going to the market)! price has always been a function of supply and demand for our cars. demand has always exceeded supply, especially for those of us with excellent condition, clean title, low mileage, stock specimens. of course, i believe that with any recession, discretionary income decreases, reducing demand. however, any intelligent owner looking to sell (that isn't under duress) would hold onto their caR until the economy rebounds. unlike most other vehicles, we're nearing a floor in value - we aren't talking about a mass-produced, 3-year old vehicle here. i predict that rather than plummeting prices, we'll simply see less and less of them available for sale until well into the future.

It's a yes/no answer.
Yes the prices are coming down, for a bunch of reasons.
People need to sell off 'toys' to pay for the real nessities.
As the caR ages miles accoumulate and the wear&tear, so the prices comes down.

The No part.
For the ITRs that are in great shape, the prices are still going to go up and up.
Some people just won't give in and sell cheap, for many reasons.

It's hard to find a sub 20,000 mile ITR, and if you do I bet it would have a price tag equal or greater then the window sticker and rightously so.

(spelling tonight )

I understand the prices on the ultra low mileage stock R's, but its the ones with 100K or more where the owneRs are asking $15K.

But what do I know, I'm not drinking that kool-aid, yet...

No_ITR wrote:I understand the prices on the ultra low mileage stock R's, but its the ones with 100K or more where the owneRs are asking $15K.

That is too much your right. I noticed a lot of that too when I was looking. I bought my ITR with a clean title, stock and almost half that many miles for a lot less than $15K.

It is true prices have taken a hit because of the economy. Not as many buyers who can swing a fun-only car that can't be daily driven in most places. Also guys with other financial pressures need to free up capital or just can't keep going on with payments/insurance costs. Sad..

This is a complicated answer. It is going to all depend on the situation of the seller. Is he/she really pressed to sell their Type R or not, what is the milage(low/high), clean title, all original, ever been wrecked or molested, raced, stored outside in the elements or inside a climate controled garage? Tons of veriables. I have an all original 2000 R w/ only 18,000 miles on the clock but I"m not in a rush to sell it. If I got the price that I feel is a fair compinsation for the representation of the car...then I'd consider selling.

Mystic363 (Neil

I think a big part of it is financing these days. Given the age of the vehicles, most banks won't loan the full value on them. We all know there is no true KBB value on these cars. The KBB is what the bank determins the loan for.

Most people won't/can't come up with the extra 3-7 grand out of pocket. Sellers are noticing this and are reluctantly selling cheaper.

I know for a fact, my 115k ITR is worth 15k. Why? quality mods (mugen, recaro and so on) and I just rebuilt the motor using all Honda parts.

That being said, the car just sold for a tick under 12k. Why? Well, I'm moving and joined in those whom needed the cash.

Congrats Mr. Dave B on selling your car!

But, "worth" is a relative term. You said your car is worth $15k, but obviously it wasn't to your buyer. In the end, it was only "worth" under $12k. It's not like your buyer can turn around and sell it for $15k. If it was worth that much, you'd have an extra $3k on your pocket.

No_ITR wrote:Congrats Mr. Dave B on selling your car!

But, "worth" is a relative term. You said your car is worth $15k, but obviously it wasn't to your buyer. In the end, it was only "worth" under $12k. It's not like your buyer can turn around and sell it for $15k. If it was worth that much, you'd have an extra $3k on your pocket.

you're on the right track - i guarantee that if time/money weren't a concern, he'd have gotten what it was "worth". it's always relative

Well, actually in my case I removed the $900 SMSP header, Mugen TL exhaust, Mugen intake, Mugen pedals, PIC Select suspension, Spoon SW388 rims.

So basically, if I decided to sell all of those parts, I'll still get my 15k.

But I do agree, worth is relative... relative to what someone is willing to pay for it.

In my case I basically returned the car to stock, as stock cars are worth more to most.