Is it inflation or is it simply supply & demand

My gripe, if you want to call it that, is that this guy here on long island is asking $3500 for a '93 4-cylinder notchback with 120k on the clock and it needs things, paint for one, interior is the dreaded red, undercarraige has seen better days, living in the northeast, these things are to be expected.

Am I correct in saying this car is worth $1250, maybe $1500 at the most to an understanding enthusiast? So is this guy just highballing the price because theres a sucker born every minute and he's trying to take advantage or is supply and demand screaming its head off at us.

I've owned 9 of these cars, every model made, but, in my looking for suitable candidates for No. 10, I am finding very few with no mods, and even fewer tastefully done (point goes to supply and demand). On the other hand, they made 200,000+ cars a year during this time so they are certainly out there in mass (point goes to inflation).

Is this really whats in our future with the fox, paying an arm at the elbow, or a leg at the knee prices for what is to anyone outside the family a "beater".

OR

Are my findings biased in that I live on an island, a very big one, so dont be confused, the rules of supply and demand and inflation are skewed, by the fact that we are a bit of our entity, being cut off from the mainland?

If this is the case, and indeed long island new york is for all intensive purposes a simulated look at the trend of fox ownership in the U.S., then gentlemen get those foxes now and put them away, cause the future is tremendous, no matter the production numbers for these pony's.

thanks for entertaining my blithering ramblings on...

NYConnoisseur
Massapequa, NY
 
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I don't think its just your island.

Theres a '93 4-cyl vert in this area...pretty clean but nothing to write home about going for ~$3k. The strange thing about that to me is that I paid LESS than that for each of my GT's!
 
I wouldn't say that it specifically may not be WORTH that price (because there are many variables to be taken into account regardless of numerous things and I don't doubt they often sell for such a price), but I WILL say you can find similar/better examples cheaper very frequently and often.

Put it this way, if it's worth the $3XXX to you and you want the car...just grab it. If it's definitely not, then figure out what it's worth to you and haggle to see if you can work w/the guy. Personally I'd walk and laugh at over 3 grand for a 4-banger w/porno red interior that had mileage seeing over 6 digits, but I also am not very much in the market for one.
 
Four-banger notches in my area (100% rust-free AZ cars) in fair condition go for $700 to $1,500, tops. People here don't appreciate the awesomeness of a rust-free Fox notch because folks up yonder where you are can't hardly get 'em in good condition (without the chassis rotting apart) for a fair price.
 
gentlemen I appreciate your imput, it is a little more rare to find these cars rust free up here, but for all intensive purposes I have yet to rationalize the substancial increase in the cost of a base model 4-banger that needs work.

I can only contribute it to the desire to have a piece of what it truly is to be an american, living the american dream....


Long live the "FOX"
 
what people ask for their 4 bangers is one thing, what they get for them is usually another. People assume that a rust free car automatically values the car at $3,000+. The thing is, paint quality is a factor, as well as 4cyl parts intact...IMO Id rather buy a complete 4 banger than a 4 banger roller. Then I know Id be the first one in there for the teardown/swap.
 
Just to give you a perspective of Long Island, It's 120 miles long from the Queens Midtown Tunnel to Montauk. Also one town in Nassau County (midway) called Hicksville has a population of 150,000. The town next to it Levittown has 130,000. When I lived on Long Island (1956-1984) Levittown had 5 High Schools. It's a traffic nitemare and one of the reasons I left. It did have the most outrageous bar scene anywhere though. I saw Billy Joel at the Tabard Ale House for a dollar cover. Twisted Sister @ Hammerheads for 5$. All this reminiscing, I think I wanna move back. :( BTW I lived in Westbury.
 
there was a clean 90' 4cyl notch with a mismatched black front bumper cover and hood, nice black interior, complete and almost running, etc.. at a local junkyard for 400.00, keep in mind it was 90% rust free(the only rust was from sitting at the yard for a couple years), hardly any parts taken(air box/filter, radiator and a few hoses) with a busted ignition switch...and did i mention the car had 30K original miles? these kinds of deals are pretty rare around the northwest, but not uncommon..i bought a mostly rusted out 79 notch 2 days ago for 50.00 with title, i'll be using the trim and glass from it, possibly the doors to a friend, etc.... i would check all the junkyards and just drive around alley's and back roads, crappy neighborhoods, etc.. is where i see most of em
 
Looking at Autotrader for my area and I see several 4 cyl Foxs for 1000 bucks in fairly decient shape. They are going up, I sold my POS 92 GT/LX for $7500 and the guy was beside himself with joy and its radiator support was all f'd up and had two cracks in the frame :shrug: Also I only see one Fox (8 or 4 cyl) for every 30 New Edge Stangs, so that tells me they are getting harder to get :(
 
I found a very clean 4cyl notch for $1200 in the denver area. I could probably talk the lady down to a grand and she would take it. this car has original paint, like an emerald green, headlights a very clean, taillights are very clean. not a dent on the body and paint is flawless. I dont think she knows what she has :shrug: it seems kinda cheap to me.