[Mk2] [NA] are mr2 prices nose-diving?

[fearless]

glad you like my story harry all true glad i can laugh about it now, as a single man its not so bad but since i have young family now how would thay cope with me not here, love bikes to bits but family more i am a rea l petrol head only vice i have dont drink and dont smoke just cars and sex

[chrisbr68]

Petrol prices?

[Lauren]

Petrol prices?

Its a lot more than just petrol prices that are contributing to mk2 prices going through the floor:

Age ie they are getting old
Expensive parts you can buy one cheap but the parts running costs will quickly make it expensive to run.
Expensive to insure
Practicality

You are of course right. With fuel becoming so expensive it really is becoming more of a factor these days. I remember never worrying about previous cars and fuel consumption but it really is something I cannot overlook anymore.

[Spittinflames]

Petrol prices?

Its a lot more than just petrol prices that are contributing to mk2 prices going through the floor:

Age ie they are getting old
Expensive parts you can buy one cheap but the parts running costs will quickly make it expensive to run.
Expensive to insure
Practicality

You are of course right. With fuel becoming so expensive it really is becoming more of a factor these days. I remember never worrying about previous cars and fuel consumption but it really is something I cannot overlook anymore.

For once i agree with Lauren, There knocking on a bit now but there also not a paticlarly desirable car either so they wont hold a premium.... to many knocking around aswell so you can be picky when buying one.

[dawolf]

Okay I'm sticking up for the MR2 here. Lol.

Age - Yes they're getting on now but despite that they're still reliable if looked after.

Expensive parts - Actually I find the parts fairly cheap considering, many of the normal wear and tear bits only cost about 10-15% more than your average hatchback.

Expensive to insure - The turbo maybe but you just need to shop around. N/A's are cheap enough.

Practicality - Erm yeah okay no rear seats but these cars have a fair amount of luggage space really. No good if you have kids though.

Fuel - 25-27mpg for turbo and 30-32mpg for N/A. When you consider the performance the figures are quite good really. Okay they're poor compared to modern TDI's but these are sportscars.

[Lauren]

Okay I'm sticking up for the MR2 here. Lol.

Age - Yes they're getting on now but despite that they're still reliable if looked after.

Expensive parts - Actually I find the parts fairly cheap considering, many of the normal wear and tear bits only cost about 10-15% more than your average hatchback.

Expensive to insure - The turbo maybe but you just need to shop around. N/A's are cheap enough.

Practicality - Erm yeah okay no rear seats but these cars have a fair amount of luggage space really. No good if you have kids though.

Fuel - 25-27mpg for turbo and 30-32mpg for N/A. When you consider the performance the figures are quite good really. Okay they're poor compared to modern TDI's but these are sportscars.

Thing is though the parts are much more than 10-15% more expensive when you compare with a euro car.

Newer cars are far more fuel efficient, then there is the tax issue which further increases the running costs.

I don't think you can realistically expect to buy a 15 yr old car and not expect to have to replace things that have worn out. I guess they are just getting long in the tooth now.

Add to this that they are cheap to buy and you get the usual conundrum. This combined with the cheap performance and you can see how many would be attracted to buy a turbo. The problem arises however when they realise how much it costs to run and how expensive parts can be. Then you end up with poorly maintained cars and this damages the car's reputation further and also impacts on prices.

Also like Spittin' said there are lots of mk2s around so that doesn't help the prices as there is no rarity factor to them as such.

[pcp]

i may be in the minority here but there's very few knocking around over here, i've only ever seen 3 rev5's, one of which is mine, the other was for sale on tinternet and the other i passed last week.

On the other hand i'd see at least 3 ITRs a week, i even seen a red one the other day and couldn't place what it was for a minute, knew i recognised the shape but something seemed different

[GHOST]

On the other side of the coin...

If you buy a modern day equivalent, for example - a brand new RX8 or a TT, what are you going to pay on road tax? Triple? At least for the time being the MR2, being pre 2001, isn't hammered like a new sports car. My sisters Impreza STI is around £400 now and if you buy a new one its around £900 for the first year. Insane!

Also, I think in 5 years time theres going to be less around for the obvious reasons and you might find that the prices rise again in the MK2. I mean, look at the MK1's - the prices are already rising for good ones.

I sold my 2.8 Injection-Special Capri (an inbetween my MR2's purchase) for £1100 in 2003 and you'd be lucky to find any for that price now. I think you're looking at 2 grand for a good Capri. I mean, who'd have thought Capris would be a classic?

If you think the MR2's can be tail happy, try driving a capri in winter. Costs a fortune in Daz when you have to wash your underwear twice a day.

[Monaco]

Petrol prices?

Its a lot more than just petrol prices that are contributing to mk2 prices going through the floor:

Age ie they are getting old
Expensive parts you can buy one cheap but the parts running costs will quickly make it expensive to run.
Expensive to insure
Practicality

You are of course right. With fuel becoming so expensive it really is becoming more of a factor these days. I remember never worrying about previous cars and fuel consumption but it really is something I cannot overlook anymore.

For once i agree with Lauren, There knocking on a bit now but there also not a paticlarly desirable car either so they wont hold a premium.... to many knocking around aswell so you can be picky when buying one.

Surely that depends on the model / age / condition though?

True, if you're looking for a tin top NA in no specific colour, then its definately a buyers market.

But if you were being picky...say a Rev 3+ Turbo T-Bar with low mileage that hasn't been thrashed. Now they're becomming a little harder to find and as such, I can see them continuing to warrant a premium.

[jont]

But if you were being picky...say a Rev 3+ Turbo T-Bar with low mileage that hasn't been thrashed. Now they're becomming a little harder to find and as such, I can see them continuing to warrant a premium.

Depends how quickly you need to sell. If you can hang on for a buyer who is as much of a perfectionist as you are, then that's fine. But otherwise prices will be dragged down by the general effect of there being lots of rough ones around.

[fearless]

have to agree dont see many where i live either in the 7 months ive owned mine ive only seen 4 around my way, must all be locked away in garages, quite a few dogs out there aswell when i was looking that puts you off, i looked at some buckets it turned me off them for a while and then the last one to look at on my list turned out to be the best, i really wanted a t bar though and it being black but beggers cant be choosers good price and not bad condition, i think its practicality reasons these dont sell very well most people want a car with 4 seats as opposed to 2 lots of sportscars out there with 4 seats

[Lauren]

True, if you're looking for a tin top NA in no specific colour, then its definately a buyers market.

But if you were being picky...say a Rev 3+ Turbo T-Bar with low mileage that hasn't been thrashed. Now they're becomming a little harder to find and as such, I can see them continuing to warrant a premium.

Low mileage cars will of course demand some premium, but i think you'll find its lower than a lot of people would like to think/admit.