MK2s finally benefiting from the upturn of modern classic prices?

Discussion and technical advice the SW20 MR2. 3S-GTE, 3S-GE, 3S-FE etc
Anything and everything to do with maintenance, modifications and electrical is in here for the Mk2.

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James Junior
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MK2s finally benefiting from the upturn of modern classic prices?

Post by James Junior »

http://www.pistonheads.com/classifieds? ... urbo&M=580

Glad to see that values of MK2 turbos are finally starting to follow their better known Japanese cousins...

MK2 NA prices have been hardening a lot in the past 18 months too.

These cars have been massively undervalued for what seems like an eternity so glad to see them finally starting to gain recognistion as the modern classics they are.
aussieGT
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Re: MK2s finally benefiting from the upturn of modern classic prices?

Post by aussieGT »

^ Apart from the Staffordshire and Dorset cars all I see there is a lot of wishful thinking.
pbmr2
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Re: MK2s finally benefiting from the upturn of modern classic prices?

Post by pbmr2 »

Prices are on the rise, seen the better spec or lower mile turbos climbing over the 6k+ mark. These seem like fair prices for quality cars, not the rusty mistreated examples.

The NA is all over the place, seen them from anything from 500 quid to 8k. For a good example with OK miles and no rust they should be well over 2k at least and should start to climb higher in the near future.

With other marks climbing from a higher starting base, there is no reason why the MR2 can't climb to some half decent prices too. Look at the Elise, was around 6k last year for the entry to the market, now nearly all are over 10k, there are a few from 8k.

Makes it a little harder for new owners and insurance claims till the industry agrees with current values, but otherwise it's only a win as the poor people who can't afford to service them won't have access and the stock should level out a bit more.

when a modded mk1 mx5 can command 4k, why the hell isn't the mr2 fighting toe to toe on price? It's better build, better looking, less rusty (not immune!) and they are more rare.
James Junior
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Re: MK2s finally benefiting from the upturn of modern classic prices?

Post by James Junior »

pbmr2 wrote:Prices are on the rise, seen the better spec or lower mile turbos climbing over the 6k+ mark. These seem like fair prices for quality cars, not the rusty mistreated examples.

The NA is all over the place, seen them from anything from 500 quid to 8k. For a good example with OK miles and no rust they should be well over 2k at least and should start to climb higher in the near future.

With other marks climbing from a higher starting base, there is no reason why the MR2 can't climb to some half decent prices too. Look at the Elise, was around 6k last year for the entry to the market, now nearly all are over 10k, there are a few from 8k.

Makes it a little harder for new owners and insurance claims till the industry agrees with current values, but otherwise it's only a win as the poor people who can't afford to service them won't have access and the stock should level out a bit more.

when a modded mk1 mx5 can command 4k, why the hell isn't the mr2 fighting toe to toe on price? It's better build, better looking, less rusty (not immune!) and they are more rare.


Totally agree with everything you say. Hopefully this is the time for the cherished cars to shine.
C35Rob
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Re: MK2s finally benefiting from the upturn of modern classic prices?

Post by C35Rob »

pbmr2 wrote:when a modded mk1 mx5 can command 4k, why the hell isn't the mr2 fighting toe to toe on price? It's better build, better looking, less rusty (not immune!) and they are more rare.


the MX5 is a better car, it is a true modern classic, they handle significantly better than a mk2 mr2, they're a joy to work on, parts are cheap, there's a few one make race series', they're the best selling roadster in the world, ever etc etc

Nice, clean, standard fresh import/garage queen Mk1's are trading at more than £4k, especially for rarer ones like S-special's, RS Ltd's etc - in fact a mx5 specialist sold a mint R-Ltd recently for £8k

(standby for irate mr2 owners to stamp their feet over that, but it's true)

don't get me wrong, I love (and equally hate) my MR2, I loved my MX5. but if you're totally honest the only thing the mr2 has over the MX5 is power, and general build quality, nicer plastics etc.

as is mentioned whenever this is brought up (once a month?) prices for very nice original turbo cars will creep up gradually, as will the values of quality modified cars, the people asking £8k for average UK cars are smoking crack though, never going to happen.
EX MR2 owner, currently on a '00 Honda CBR600 Follow me on Instagram @c35rob
VGB
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Re: MK2s finally benefiting from the upturn of modern classic prices?

Post by VGB »

Think there other things a Mr2 has over the mx5. Mr2 is a sports car, rwd, mid engine and two seats. The mx5 is a nice enough convertible. I'm leaving out that the Mr2 looks a thousand times better than a mx5 as I'm aware that's quite subjective, although true. :oldtongue:
JD
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Re: MK2s finally benefiting from the upturn of modern classic prices?

Post by JD »

gavsdavs
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Re: MK2s finally benefiting from the upturn of modern classic prices?

Post by gavsdavs »

pbmr2 wrote:
The NA is all over the place, seen them from anything from 500 quid to 8k. For a good example with OK miles and no rust they should be well over 2k at least and should start to climb higher in the near future.

Had mine valued this year. 2GR, 6 Speed, No rust, triggers broom refurbed. Slightly dull paint at the back and some scuffed alloys but they're easily rectified.

£8k. Sadly, still worth more in parts than as a whole.

I'd like to see an N/A worth more than 8k that isn't Andy's red TRD0001.
JD
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Re: MK2s finally benefiting from the upturn of modern classic prices?

Post by JD »

My MR2 is only worth















































Image
pbmr2
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Re: MK2s finally benefiting from the upturn of modern classic prices?

Post by pbmr2 »

gavsdavs wrote:
pbmr2 wrote:
The NA is all over the place, seen them from anything from 500 quid to 8k. For a good example with OK miles and no rust they should be well over 2k at least and should start to climb higher in the near future.

Had mine valued this year. 2GR, 6 Speed, No rust, triggers broom refurbed. Slightly dull paint at the back and some scuffed alloys but they're easily rectified.

£8k. Sadly, still worth more in parts than as a whole.

I'd like to see an N/A worth more than 8k that isn't Andy's red TRD0001.


£8k is asking price, no idea if it sold. Most cars are worth more in parts than as cars it seems. Seen a few models die out like this. When was the last time you saw a pulsar roll past?
pbmr2
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Re: MK2s finally benefiting from the upturn of modern classic prices?

Post by pbmr2 »

C35Rob wrote:
pbmr2 wrote:when a modded mk1 mx5 can command 4k, why the hell isn't the mr2 fighting toe to toe on price? It's better build, better looking, less rusty (not immune!) and they are more rare.


the MX5 is a better car, it is a true modern classic, they handle significantly better than a mk2 mr2, they're a joy to work on, parts are cheap, there's a few one make race series', they're the best selling roadster in the world, ever etc etc

Nice, clean, standard fresh import/garage queen Mk1's are trading at more than £4k, especially for rarer ones like S-special's, RS Ltd's etc - in fact a mx5 specialist sold a mint R-Ltd recently for £8k

(standby for irate mr2 owners to stamp their feet over that, but it's true)

don't get me wrong, I love (and equally hate) my MR2, I loved my MX5. but if you're totally honest the only thing the mr2 has over the MX5 is power, and general build quality, nicer plastics etc.

as is mentioned whenever this is brought up (once a month?) prices for very nice original turbo cars will creep up gradually, as will the values of quality modified cars, the people asking £8k for average UK cars are smoking crack though, never going to happen.


Yep the top mx5s are selling for strong money, some really ratty examples with a load of random mods are selling for 4k.

Been an mx5 owner, yeh they corner well but they can't back it up with anything else. Yes they are easy to catch and well balanced but lack overall grip and get blown away by diesel taxis when getting up to speed.
The brakes are poo, the cabin feels 35 years old, they rust like an 80's beer can on Brighton beach, crappy mirrors, silly little door handle, no remote locking, utter lack of boot space, just as many damp issue as a T-bar mr2 if not more. Even for a small guy like me the cabin felt crampt.

They do have a nice gear change and comfortable driving position.
It was a fun car that was cheap on fuel but it was at best a toy car rather than a proper sports car. Do miss parking with the roof down though.
aussieGT
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Re: MK2s finally benefiting from the upturn of modern classic prices?

Post by aussieGT »

pbmr2 wrote: Even for a small guy like me the cabin felt crampt.


I'm sort of not very short, i'd love to be able to give an opinion on the mx5 - I tried to sit in one when they were first released but just couldn't fit into the car at all.

They do look nice but what they drive like has always been a mystery to me.
markstevieandmads
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Re: MK2s finally benefiting from the upturn of modern classic prices?

Post by markstevieandmads »

My rev 2 turbo is insured for £3.5k on an agreed valuation. I wouldnt take any less for it. I bought it for £1350 3 years ago (maybe 4) - tho its a tad different now lol
CalMac
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Re: MK2s finally benefiting from the upturn of modern classic prices?

Post by CalMac »

I love my mk1 MX5 but agree that it's nowhere near as 'special' as the MR2. It does all the balls-out driving stuff brilliantly but that's about it IMO.

On a track they'd probably perform similarly, and the MX5 would be more fun because lightweight y0 but every time I drive the MR2 I'm breaking necks 8) Kids in the car in front will be taking photos, I've had cars and bikers pull up next to me to spark up a conversation etc.

Ladies definitely seem to prefer the MX5 though for some reason, I think it's just how happy the car looks with headlights up :lol:
androo007
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Re: MK2s finally benefiting from the upturn of modern classic prices?

Post by androo007 »

Its because its a girls car, Callum :lol:

Bet they'd react the same to a VW beetle....
gavsdavs
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Re: MK2s finally benefiting from the upturn of modern classic prices?

Post by gavsdavs »


And that's with shitty Rotas on it :)
JD
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Re: MK2s finally benefiting from the upturn of modern classic prices?

Post by JD »

gavsdavs wrote:

And that's with shitty Rotas on it :)


Ah the Dr. Evil wasn't aimed at you :lol: (or anyone in particular), but the Rotas you brought upon yourself ;) :lol: but :-$ let's not start that again; mrnut might come back :pale:

You want some nice wheels? I give you good price, boss! :oldtongue:
gavsdavs
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Re: MK2s finally benefiting from the upturn of modern classic prices?

Post by gavsdavs »

JD wrote:
gavsdavs wrote:

And that's with shitty Rotas on it :)


Ah the Dr. Evil wasn't aimed at you :lol: (or anyone in particular), but the Rotas you brought upon yourself ;) :lol: but :-$ let's not start that again; mrnut might come back :pale:

You want some nice wheels? I give you good price, boss! :oldtongue:

I wasn't trying to get you into trouble again. At all. You shameless wheel snob you :)
SonicSW20
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Re: MK2s finally benefiting from the upturn of modern classic prices?

Post by SonicSW20 »

I've been offered £3k for my NA. Probably should have accepted, but the car is not about the money for me. Ultimately I want a turbo Rev5 sonic shadow, and that's what I will have. Soon :thumleft:
craig
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Re: MK2s finally benefiting from the upturn of modern classic prices?

Post by craig »

My rev3 turbo is insured with agreed value of £6K.

It's worth a lot more than that to me, and as above, the car is not about the money.
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