Selling A Stored 1988 Mazda RX7: Fair Price?
Hey car enthusiasts! I'm looking for some advice on selling my 1988 Mazda RX7 twin turbo. It's not an anniversary edition, but it's white with a black convertible top and has a ported engine. The thing is, it's been sitting in storage for the past five years, and unfortunately, it's not starting right now – I know, rookie mistake! I'm located in Southwestern Ontario, near Waterloo, and I'm hoping some of you knowledgeable folks can give me an idea of what a fair asking price might be. Any insights or advice would be greatly appreciated!
Assessing the Value of a Stored 1988 Mazda RX7 Twin Turbo
When determining the value of a classic sports car like a 1988 Mazda RX7 Twin Turbo that has been stored for an extended period, there are several key factors to consider. Condition is paramount, and in this case, the fact that it's been stored for five years without being started introduces a unique set of challenges. The engine's condition, the extent of any rust or corrosion, and the overall cosmetic appearance will heavily influence the price. Market demand for this particular model and its configuration (white with a black convertible top, ported engine) will also play a significant role. Don't forget to also consider the mileage on the car before it was stored, as this can provide clues about its overall wear and tear. Essentially, evaluating a stored car requires a comprehensive approach to realistically assess its worth.
The Significance of the Engine and Porting
Let's dive a little deeper into the heart of this RX7: the engine. The rotary engine is what makes these cars so special, but it also requires specific maintenance and care. The fact that it's been sitting for five years means there's a good chance the internal seals have dried out, which could lead to compression issues and starting problems. The porting of the engine is another critical factor. Engine porting is a modification that involves reshaping the intake and exhaust ports to improve airflow, ultimately boosting horsepower. However, the quality of the porting job is crucial. A professionally done port can significantly increase the engine's value, while a poorly executed one could actually decrease it. It's important to determine who performed the porting and if there's any documentation or proof of the work done. A compression test is almost essential in this scenario to gauge the engine's health and provide potential buyers with peace of mind. This test will reveal the condition of the rotor seals and give a good indication of the engine's overall viability.
Body Condition, Rust, and Cosmetic Appeal
Beyond the engine, the body's condition is a major determinant of value. For a car of this age, rust is a common concern, especially in a region like Southwestern Ontario, where road salt is used extensively during the winter months. A thorough inspection for rust is essential, paying close attention to areas like the wheel wells, rocker panels, floorboards, and around the windshield and rear window. Any signs of rust can significantly impact the car's value, as repairs can be costly. The presence of rust not only affects the car's appearance but also its structural integrity. Cosmetic appeal is also vital. The fact that this RX7 is white with a black convertible top is a plus, as these are desirable features. However, the paint condition, the state of the convertible top, and the overall cleanliness of the car will all influence its perceived value. A well-maintained exterior will always command a higher price than one that looks neglected. If the car needs bodywork or paint, this will need to be factored into the asking price.
Interior Condition and Completeness
Don't overlook the interior condition! A clean and well-maintained interior can add significantly to the car's overall appeal. Check the condition of the seats, carpets, dashboard, and door panels. Are there any rips, tears, or excessive wear? Originality is also a factor here. If the interior is original and in good shape, that's a plus. However, if parts are missing or damaged, it can detract from the value. The functionality of all the interior components is also important. Do the gauges work? What about the radio, the air conditioning, and the power windows? Any non-working components will need to be addressed or factored into the price. A complete and functional interior is always more attractive to potential buyers.
Market Demand and Comparable Sales: What are RX7s Going For?
To really nail down a fair asking price, you'll need to research the market. What are similar 1988 Mazda RX7 Twin Turbos selling for in your area and across the country? Online marketplaces like AutoTrader, Kijiji, and Facebook Marketplace are great places to start. Look for cars with similar mileage, condition, and modifications. Pay attention to whether those cars are actually selling at the listed prices, or if they're sitting on the market for a long time. You can also check classic car auction sites and forums dedicated to RX7s to get a sense of what enthusiasts are willing to pay. Keep in mind that prices can vary depending on location and time of year. Convertibles, for example, might be worth more in the spring and summer months. The fact that your car has a ported engine might appeal to some buyers, but it could also narrow the pool of potential buyers, as some might prefer a stock engine. Understanding the current market demand for these cars will help you set a realistic asking price.
The Impact of Storage on the Car's Value
The fact that the car has been stored for five years introduces both challenges and opportunities. On the one hand, the non-starting condition is a definite negative. Potential buyers will likely be wary of hidden problems that could arise from long-term storage, such as fuel system issues, corrosion, or seized components. On the other hand, if the car was stored properly (in a dry, protected environment), it might have avoided some of the wear and tear associated with regular use. The key is transparency. Be honest with potential buyers about the car's condition and the fact that it hasn't been running. If possible, try to get the car running before listing it for sale. This will significantly increase its appeal and potential value. If that's not possible, be prepared to price it accordingly, leaving room for the buyer to address any potential issues.
Location, Location, Location: Regional Market Differences
The location of the car also plays a role in its value. Southwestern Ontario has a climate that can be tough on cars, with road salt and humidity contributing to rust. If your car has been stored indoors and protected from the elements, that's a major selling point. However, if it's been exposed to the elements, rust could be a bigger concern. You'll also want to consider the local market for classic Japanese sports cars. Are there a lot of RX7 enthusiasts in your area? Is there a strong demand for these cars? If so, you might be able to command a higher price. Check prices in nearby cities and provinces to get a sense of the regional market. You might find that prices are higher in certain areas, making it worthwhile to expand your search.
Recommendations for Determining Your Asking Price
So, what's the bottom line? How do you figure out a fair asking price for your 1988 Mazda RX7 Twin Turbo? Here’s a breakdown of actionable steps you can take:
- Thorough Inspection: Start with a detailed inspection of the car. Check for rust, body damage, interior wear, and any other issues. Take photos and document everything.
- Engine Assessment: Get the car running if possible. If not, consider a compression test to assess the engine's condition.
- Market Research: Research comparable sales online and in your area. Look at similar cars with similar mileage and condition.
- Be Realistic: Be honest about the car's condition and factor in the cost of any needed repairs.
- Set a Competitive Price: Price your car competitively based on your research and assessment. Be prepared to negotiate.
- Transparency is Key: Be upfront with potential buyers about the car's history and condition. This builds trust and can lead to a smoother sale.
By taking these steps, you'll be well-equipped to set a fair asking price and find the right buyer for your classic RX7. Good luck with the sale!
Final Thoughts: Selling a Stored Classic Car
Selling a classic car that's been in storage can be a bit of a journey, but with the right approach, you can find a buyer who appreciates your RX7 as much as you do. Remember, honesty and transparency are your best friends throughout this process. By accurately assessing your car's condition, doing your market research, and setting a realistic price, you'll be well on your way to a successful sale. Good luck, and happy selling! Reach out in the comments below if you have any other questions.
