That's what I always thought would happen. Foxes would be so heavily influenced that people will start to look at the SN95. Same chassis but with more improvements, better braking, better interior with the same motor. Only con is the weight. Next 5 years values will creep up on the 5.0 cars especially.
Agreed, anything that can run and drive and pass a MA inspection goes for $3-4K easy up here in MA no matter how rough it is. It's madness.
At the same time, when I browse the FB marketplace and see cars for sale at #1 pricing, you can easily see they are a #2 car when half the interior is broken, or it's missing trim, or has some scratches and dents.
It's like coin collecting. A mint condition 1932-D quarter sells for big money, but it need to be pristine to command that sort of money. Once you start getting into lesser condition coins, the value drops waaay off. So, if you take a mint coin valued at say $100K, and put one single scratch across the face, it's value plummets and you now have maybe a $10K coin. Same with cars in a way. You can't demand #1 pricing on a car that's had it's strut towers patched. You just can't.
Exactly. The problem with the $3-4k rust buckets is someone actually pays that price and that keeps the market value up.
I picked up a '98 V6 5spd Contour SE last year. It had 154,000 km (just under 100,000 miles). Owner screwed up the clutch and I picked it up for $500. 6 months earlier I saw it (i think it was the same car) advertised for $3500. The problem for the seller is no one wants a 20 year old Contour (except me). If no one bits on the rust bucket car for sale, price will go down if they want to move it.
The Contour is pristine underneath. It still has all the factory heat shields and the nuts that hold them on. Now anyone from an area where they put salt on the roads knows that those things are usually shot in a couple years. I had to remove one heat and was able to unscrew it and screw it back on after. I have never in over 30 years playing with cars been able to do that. When I got the MTO vehicle package it showed that 6 years ago it only had 64,000 km.
I picked up a '98 V6 5spd Contour SE last year. It had 154,000 km (just under 100,000 miles). Owner screwed up the clutch and I picked it up for $500. 6 months earlier I saw it (i think it was the same car) advertised for $3500. The problem for the seller is no one wants a 20 year old Contour (except me). If no one bits on the rust bucket car for sale, price will go down if they want to move it.
The Contour is pristine underneath. It still has all the factory heat shields and the nuts that hold them on. Now anyone from an area where they put salt on the roads knows that those things are usually shot in a couple years. I had to remove one heat and was able to unscrew it and screw it back on after. I have never in over 30 years playing with cars been able to do that. When I got the MTO vehicle package it showed that 6 years ago it only had 64,000 km.
Seeing your Hagerty Valuation I thought I would go check mine. This is for my 90 GT Hatch. Prices are in CDN$. But the main reason I wanted to include it is we have the definition of all four main condition classifications (I know #5 is not listed - that's the non-running rusted parts cars everyone wants $3k for).
The problem with Haggerty valuations is they do tend to follow MSRP and not necessarily market demand. They value a GT convertible over a LX coupe 5.0 and give it a higher value, but that doesn't necessarily reflect current trend. In looking up my own car, an LX vert was valued higher than an LX coupe
Maybe in 20 years, that trend might reverse when you can buy Coyote cars for $5k and only reason to buy a 40-50 year old fox is to cruise around.
Maybe in 20 years, that trend might reverse when you can buy Coyote cars for $5k and only reason to buy a 40-50 year old fox is to cruise around.