RE: £100k Supra!
Discussion
Smokey32 said:
Really? Go and buy a fantastic nic supra for 100k then and we can all laugh at you.
It’s already been sold to a US buyer, who very likely is wealthy enough to splash out on very rare examples of the Supra with no significant consequence. PH’ers sitting behind their computer are not in any position to ‘laugh at’ anyone who can afford to pay the premium for rare cars.
Smokey32 said:
40k miles in 20 years. it could of easily been driven in only dry summer days and some road trips in Europe. Its a Ferrari, and a manual and just look at it. The other is a Toyota.
That is just wishful thinking.anonymous said:
[redacted]
It is not theory, it's the simple rule of supply and demand within a given market.The market consists of rare, close to show room condition performance cars that are no longer in production, they fetch a premium as buyers in the market for rare cars tend to have the money to buy them.
The prices reflect that, and not that of disinterested PH'ers or theoretical lottery winners.
anonymous said:
[redacted]
An opinion is of no value (except in the form of PH entertainment fodder) if you take up a position about a car being not worth x amount by you yet this is countered by the fact that said car has sold at a high price, this is contary to what you ‘feel’ about it, or your hypothetical buying decisions in a situation of a bingo/lottery win/inheritence...I have no interest nor do I have the wealth to buy £32000 Swiss watches, happy with checking the time on my 2 year old smart phone. Whilst I have a right to express such opinion, it is of no value to any recipient.
The market for such watches does not exist for or rely on people like myself.
anonymous said:
[redacted]
It’s not about accepting what people think, it’s that no one needs to hear what you/people think in this context.Your position is of no consequence to the real life transactions of particular cars nor do they have any educational or informative merit on the subject vehicl (Supra) itself.
I wonder what is it naysayers are trying to acheive here?
anonymous said:
[redacted]
????Again, that is how a ‘market’ works.
A 20+ year old car that has done 7000 miles, with the condition and history to back it up will fetch a premium providing there are buyers out there.
Opinions from non prospective non buyers are of no relevance to the value of the vehicle in question.
Although 100K is obviously an outlier, comparing prices for a Jap model in the US to similar in the UK will usually show a big price difference, UK prices for JDM market cars are generally depressed since they are an easy import into the UK. Once Shaken costs in the domestic market start to become unreasonable, cars will be exported to RHD markets, depressing prices. LHD versions of the same will never be sold locally and so their numbers in each market should remain pretty static, and prices more buoyant. Once those cars are available for US import (on the 25 yr rule) the prices of LHD cars should start to rise above the RHD equivalent.
I do get why the Supra is £100,000. For anyone from my era (millenial), who grew up with the Fast and Furious, this car was / is the one to have. It's the car Paul Walker drove in the original movie, and he was a cool guy.
I guess it's like Steve McQueen driving the Mustang in Bullitt for the older generation. People spend £1000's on Mustangs yet no one bats an eyelash. Yes the Mustang is beautiful, but it also drives like a bus. Fans would say that isn't really the point. Yes I have driven one briefly.
Logically, if I was in the market for a pristine unmodified Supra, I would have to check it was the TT 2JZ Manual, or whatever the highest trim level was. Even then I wouldn't want to pay more than £70k. For a modified one I would value it at sub £20k. And that's generous.
I guess it's like Steve McQueen driving the Mustang in Bullitt for the older generation. People spend £1000's on Mustangs yet no one bats an eyelash. Yes the Mustang is beautiful, but it also drives like a bus. Fans would say that isn't really the point. Yes I have driven one briefly.
Logically, if I was in the market for a pristine unmodified Supra, I would have to check it was the TT 2JZ Manual, or whatever the highest trim level was. Even then I wouldn't want to pay more than £70k. For a modified one I would value it at sub £20k. And that's generous.
MrScrot said:
I do get why the Supra is £100,000. For anyone from my era (millenial), who grew up with the Fast and Furious, this car was / is the one to have. It's the car Paul Walker drove in the original movie, and he was a cool guy.
I guess it's like Steve McQueen driving the Mustang in Bullitt for the older generation. People spend £1000's on Mustangs yet no one bats an eyelash. Yes the Mustang is beautiful, but it also drives like a bus. Fans would say that isn't really the point. Yes I have driven one briefly.
Logically, if I was in the market for a pristine unmodified Supra, I would have to check it was the TT 2JZ Manual, or whatever the highest trim level was. Even then I wouldn't want to pay more than £70k. For a modified one I would value it at sub £20k. And that's generous.
I think rarity is a factor that would normally force prices up. But Supras are not rare, there are hundreds of them in Europe, USA and Japan. I guess it's like Steve McQueen driving the Mustang in Bullitt for the older generation. People spend £1000's on Mustangs yet no one bats an eyelash. Yes the Mustang is beautiful, but it also drives like a bus. Fans would say that isn't really the point. Yes I have driven one briefly.
Logically, if I was in the market for a pristine unmodified Supra, I would have to check it was the TT 2JZ Manual, or whatever the highest trim level was. Even then I wouldn't want to pay more than £70k. For a modified one I would value it at sub £20k. And that's generous.
Even un-modified examples are quite common.
So what this guy has done is primarily bought through heart rather than mind. Its likely that he'll not have an investment, rather it will see him lose a big chunk of money, but each to their own.
I'm in a similar mind set to you, I think the MkIV Supra is a brilliant car of its time, but in today's terms it is very dated technology, drives very laggy and 'heavy' and is worth no more than £25,000 for a very clean rust free example.
But then I think there are 4 types of person who would buy a car....
1st is the person who buys/rents because they have a basic need to travel/commute or for business.
2nd is the person who buys to own and drive for the pleasure of those aspects.
3rd is the person who buys to flip and make profit
4th is the person who buys on the concept that it is 'art' and a collectible
I think anybody who buys a Supra for over £25,000 falls in to being person 4.
And I guess they are not bothered about future value of the 'asset', as their mind set is purely "want".
That's a shame to see, but it's amazing what can be restored, especially now these cars are classics and have value, so hence can be worth putting money into.
Has anyone seen the Supra on the Motion Auto TV Youtube channel? The American chap on there has fully rebuild a Supra to pretty much show car standard from a basket case of a shell that he pulled out of field. I watched it from the start, he DIY'ed the complete car, a heroic effort...
Has anyone seen the Supra on the Motion Auto TV Youtube channel? The American chap on there has fully rebuild a Supra to pretty much show car standard from a basket case of a shell that he pulled out of field. I watched it from the start, he DIY'ed the complete car, a heroic effort...
Edited by MX6 on Friday 11th January 16:22
MX6 said:
That's a shame to see, but it's amazing what can be restored, especially now these cars are classics and have value, so hence can be worth putting money into.
Has anyone seen the Supra on the Motion Auto TV Youtube channel? The American chap on there has fully rebuild a Supra to pretty much show car standard from a basket case of a shell that he pulled out of field. I watched it from the start, he pretty much DIY'ed the complete car from, a heroic effort...
That looks great!! Has anyone seen the Supra on the Motion Auto TV Youtube channel? The American chap on there has fully rebuild a Supra to pretty much show car standard from a basket case of a shell that he pulled out of field. I watched it from the start, he pretty much DIY'ed the complete car from, a heroic effort...
Atomic12C said:
MrScrot said:
I do get why the Supra is £100,000. For anyone from my era (millenial), who grew up with the Fast and Furious, this car was / is the one to have. It's the car Paul Walker drove in the original movie, and he was a cool guy.
I guess it's like Steve McQueen driving the Mustang in Bullitt for the older generation. People spend £1000's on Mustangs yet no one bats an eyelash. Yes the Mustang is beautiful, but it also drives like a bus. Fans would say that isn't really the point. Yes I have driven one briefly.
Logically, if I was in the market for a pristine unmodified Supra, I would have to check it was the TT 2JZ Manual, or whatever the highest trim level was. Even then I wouldn't want to pay more than £70k. For a modified one I would value it at sub £20k. And that's generous.
I think rarity is a factor that would normally force prices up. But Supras are not rare, there are hundreds of them in Europe, USA and Japan. I guess it's like Steve McQueen driving the Mustang in Bullitt for the older generation. People spend £1000's on Mustangs yet no one bats an eyelash. Yes the Mustang is beautiful, but it also drives like a bus. Fans would say that isn't really the point. Yes I have driven one briefly.
Logically, if I was in the market for a pristine unmodified Supra, I would have to check it was the TT 2JZ Manual, or whatever the highest trim level was. Even then I wouldn't want to pay more than £70k. For a modified one I would value it at sub £20k. And that's generous.
Even un-modified examples are quite common.
So what this guy has done is primarily bought through heart rather than mind. Its likely that he'll not have an investment, rather it will see him lose a big chunk of money, but each to their own.
I'm in a similar mind set to you, I think the MkIV Supra is a brilliant car of its time, but in today's terms it is very dated technology, drives very laggy and 'heavy' and is worth no more than £25,000 for a very clean rust free example.
But then I think there are 4 types of person who would buy a car....
1st is the person who buys/rents because they have a basic need to travel/commute or for business.
2nd is the person who buys to own and drive for the pleasure of those aspects.
3rd is the person who buys to flip and make profit
4th is the person who buys on the concept that it is 'art' and a collectible
I think anybody who buys a Supra for over £25,000 falls in to being person 4.
And I guess they are not bothered about future value of the 'asset', as their mind set is purely "want".
For starters, if you go on the PH classfieds right now there are 7 for sale. Of those 1 is actually up for auction in Ontario, 3 are autos, and 5 are modified (some significantly). And just so you aware, if you wanted the 1 completely stock manual car, you'd be booking your flight to Ontario.
People seem to not get that buying a low mileage classic car exponentially inflates the price because, when you drill down to the 'perfect example', there aren't many about. This is exaggerated with a car like the Supra because so many were modified, and they were once cheap, so many were also not looked after properly later in their life.
I'm with Atomic12C; people seem to be unable to relate to the fact that - depending on our age and influences - we desire different cars for different reasons. For some, a Paul Walker Supra is FAR more iconic that a Batmobile CSL. The Supra was the poster on their wall, the Supra was driven by the coolest guy they saw in the cinemas, and the Supra was the unattainable, dream machine back when they could only just afford the insurance on their Saxo.
hondansx said:
... if you wanted the 1 completely stock manual car, you'd be booking your flight to Ontario.
Totally accept an alternative viewpoint on it, however a modified car can be taken back to stock if so desired (in many cases). The parts may not be the original that were sold on the car from factory, but Toyota parts or equivalent could be put back on the car to make it 'stock'.
Given the number of Supras sold worldwide, I would hazard a guess that Toyota have a parts bin that owners could get access to.
Happy to be corrected of course - Toyotas are not my speciality.
Atomic12C said:
Given the number of Supras sold worldwide, I would hazard a guess that Toyota have a parts bin that owners could get access to.
If only that were the case - in Toyota terms (all being relative) the A80 Supra was a low production run, and so a large number of parts have been discontinued, putting a premium on second hand original parts - £300 for a headlight, £500 for an upper control arm, £6000 for a 6-speed gearbox!Nowadays prospective new owners have to take this into account as even the newest car is nearly 20 years old, and for all it's legendary reliability parts do eventually wear out.
Due to this (current) lack of support from Toyota for it's heritage models many are forced to use aftermarket companies and parts or be prepared to pay a hefty premium. In many ways the running cost of owning one of these nowadays is not dissimilar to more 'premium' or even supercars of the same period.
Atomic12C said:
Totally accept an alternative viewpoint on it, however a modified car can be taken back to stock if so desired (in many cases).
The parts may not be the original that were sold on the car from factory, but Toyota parts or equivalent could be put back on the car to make it 'stock'.
Given the number of Supras sold worldwide, I would hazard a guess that Toyota have a parts bin that owners could get access to.
Happy to be corrected of course - Toyotas are not my speciality.
Yes, you are wrong. OEM parts are exprensive, so turning modified car to stock is not an easy or cheap thing to do. For example i did pay 900€ for newish headlights.The parts may not be the original that were sold on the car from factory, but Toyota parts or equivalent could be put back on the car to make it 'stock'.
Given the number of Supras sold worldwide, I would hazard a guess that Toyota have a parts bin that owners could get access to.
Happy to be corrected of course - Toyotas are not my speciality.
Gassing Station | General Gassing | Top of Page | What's New | My Stuff