What is a 300zx worth - only you know that ?

Hi all

Ok, the subject title is a little ( lot) vague. What is a 300zx worth, my personal story.

As most of you are aware I'm in the process of selling my 300ZX for what I think is a fair price for me and a new owner for a simply gorgeous 300ZX.:zlove:

When I changed the price of my 300ZX I got more serious inquiries than if it was advertised at a cheaper price.

I've had more serious inquiries at $13,200 than say a lesser priced 300ZX?.

This goes to proove that people who appreciate quality will pay for it. If you have a shit box you will get shit money for it. If you have a superb 300zx you will get superb money for it.

I want to say to all 300ZX owners who are selling their cars, don't accept shit money for a gem. Wait and you will be rewarded with a good price and the buyer will be rewarded with a good car.

I still think I'm selling too cheap at $13,200 but I can live with that and my project is not complete she still needs a new paint job in 3-5 years and the interior finished. If she was finished like some brilliant examples on our forum I would not accept anything less than $18,000 or $20,000.

What's the moral to the story...
If you believe in the value and worth of your Z and are willing to not panic or accept the any old offer that comes your way you will be rewarded.

We need to preserve the integrity of 300ZX's by hanging onto good prices. I know that in this age of ever increasing fuel, electricty, gas and every other utility prices that's easier said than done but it can be done.

 

its worth what ever someone will pay for it mate.

i wont sell my z for less than 15, insurance wont insure it for more than 10.5 and i couldn't sell it for 10 when i tried. so whats that tell ya?

 

NO it is not worth what someone wants to pay for it...

It is worth only what I want for it... if someone wants to pay less than what I think it's worth that is their choice and their loss but I will dictate what it's worth NOT them.

Yes, be realistic if it's a shit box sell it at shit box prices. If it's a superbly looked after 300ZX then sell it for what YOU want someone to pay.

DO NOT let others dictate to you what your car is worth, if they disgree with your valuation tell them to buy elsewhere.

I had an iditoic offer of $8000 and I said NO because my 300zx is not worth what someone else wants to pay, it is worth what I'll accept. If I had sold it for $8000 I was indicating it was only worth $8000 but I chose to sell at $13200 because that's it's value to ME. Bugger me, I now have 2 people considering that price because I held out. Sure, I may chop a bit off but this is still along way from $8000.

I held out for $13,200 and now I have 2 firm buyers both this weekend and 1 still undecided ( he's trying to raise an extra $5000). What happens if neither buy it.... well, crazy enough, it's still worth $13,200 to me and that's what I'll accept. I will NOT let others dictate to me what my 300ZX is worth.

 

I'll give you 50c. That is what I think it's worth and willing to pay...

does that mean you won't sell it to me???? damn.

Couldn't resist.

Peter

 

Pete .. you may have advertised it for $13,200 but it has not sold yet ....

look at K-zed's machine ... a top class machine that after 3/4 months on the market sold for $4-5,000 below it's real value ... as Rob was leaving the country, he did not have an option to hold onto it forever ... !!!!

 

Im in agreeance there mate. You should only sell the car unless your happy with the coin. There is no point in selling yourself short. Its your hard work and cash that went into making that car what it is.

But the unfortunate side to the car market, is that a car will only sell for what someones wants to pay for it. As with anything really. The consumer market is completely consumer driven.

The end result all comes to the reasons for selling. If you are selling to use the coin for another project, or just want to move onto something else, it would be pointless selling for less than what you want. But if your selling to make a down payment on a house, or like in a previously mentioned case, moving state, then unfortunately you can only get what someone will give.

When I say 'you', I dont mean you directly, im using that collectively for anyone selling a car.

It all comes down to the reasons why your selling. If I where in your shoes, I would wait to see if these buyers in the wings go for it. The better for you. But if you cant hold the car long enough to get the coin you want, then you might have no choice but to take the 8 grand.

Just an opinion. Whether it helps or not...

 

I wouldn't buy a 300zx for under 10k, mainly because if someone is charging between 10-20k it means (theoretically) that it's in better condition. That's the theory anyway. Obviously this isn't always the case but if others share the same mentality as me then I can see why. If I saw a 300zx for 4k I would think, that car must be stuffed. I bought mine for 8k. That was a mistake.

 

i bought my first one for 12 and now its in the backyard dead. My second one was bought for 6 and it runs very nice

 

I will always maintain that a 300zx is worth only what the owner wants..... all consumer markets are dynamic.

In being dynamic a consumer market is also volatile. I can guarantee that If I drove my 300zx down the road I would get prices ranging all over the place. Now, before you jump on this band wagon here, I must state that NOT every buyer of a 300Zx let alone a car is static. There are buyers out there who will pay more for various reasons as too there are sellers out there that will sell for various reasons.

Some people sell because they may indeed have bills coming left right and centre or for a deposit. Therefore, the same applies to buyers, some will buy because this has always been their dream car and they have plans to improve it or just want a project. We are NOT in the business of daily drivers for fuel economy or putt putts for shopping. Yes, mine was a daily driver and I could think of no better car to go to the shop to get the milk in however, It was never bought to get milk it was bought because it was a sleek and fast sports car that I always wanted to own. When I saw my very first 300zx it a 25th anniversay for sale in a car yard in Devonport Tasmania. I stood next to it and though, wow....I'm going to get one of those 300zx's. I've now owned 2 300zx and I'll own a 3rd.. what will it be... you guessed it...a 25th anniversay

My buyer who is willing to pay $13,200 will come along and I am willing to wait... 1 month, yes, 6 months, yes, 12 months most certainly yes. WHY, because I'll wait for a buyer who appreciates my 300ZX's value as much as I do and I'll still get to enjoy driving an superb fast, sleek sports car until my buyer comes along.

Let us not assume all buyers are cut from the same cloth because all sellers are not either.

 

Market value is market value. No denying that.

Any other thoughts of magically higher prices are plain and simply fairytales.

Sorry to bring you back to reality in 'this world'.

 

Close.
The real concept here is the confusion between market value ie what the average consumer is willing to spend on a product, and the Owner value, which is the monetary value attached to the benefits of the product, and what would need to be paid to relinquish those benefits.

Problem with this is that owner value may not align with market value. Neither party are wrong, however if the difference between the market's expectation and the owner's value is vast, then chances of a sale diminish (unless of course the buyer holds the same value as the seller).

Example:
A Life support machine costs say $500,000. The user of said machine relies on this to live, hence places a high value on it, and would prefer to keep it in his/her posession. The value of this machine to him is $50 million. Now if someone were to have $50M, and want to buy that exact life support machine, a deal could be made.
It's a somewhat ethically obscure example, but works to explain market value vs owner value. Niether party is 'right' in justifying their price.

To the credit of coolzx, his marketing strategy is good. Marketing after all is increasing value of a product, ideally aligning the value proposition of the seller's product with that of the buyer to achieve the best sale price.

 

Agree with Steve.

By the time you find someone to pay your asking price you would have spent more in rego, insurance, fuel, maintenance etc than if you took a lower price to start with.

 

For those of us who have owned our Zeds for many years, the one thing we as the seller have that the buyer doesn't is the intimate knowledge of the car and the quality of work that has gone into keeping them in great condition. The buyer can usually only go on the sellers word, hence the seller believes the car is worth more than the buyer. In saying that, if you're not in a rush to sell, don't keep dropping the price until someone buys. I have dropped the price on mine once, but that will be it. If these really are to become a collectable in the future, then it may be worth hanging on to the good examples.
I wonder how many GTHO phase 3 owners sold their car in the 70's/80's for bugger all and now regret it?

 

I'd say your zed is worth the same as you can buy another one in comparable condition (minus sentimental value)

How much you have spent or how much you think it should be worth does not mean a lot.

Remember also it's a moving market. How much it was worth yesterday is not the same as today.

 

What you 'think' your zed is worth? Lets call these magic love sentiment tokens. I believe my zed is worth 50,000 magic love sentiment tokens.


What your zed is 'actually' worth? In this real world market using actual dollars? What somebody is willing to pay for it.


I see it around here quite a lot, and I always find it very funny. Someone using the term "FIRM" with a sale price. And without fail, the silly overpriced product doesnt sell and a month later the price has dropped with a nice gentle 'ono' next to it. That is the real world market.



Dont go thinking your 'Magic love sentiment tokens' can be exchanged for real australian dollars now.... They have places with padded walls for people who think like that....

 

If someone buys a $50 million dollar life support system, then that is an attractive market. Next week someone will release the same product to capitalise on a luctitive market and sell it for$40 million. Until at some point the price is stable once the market forces are in equilibrium.

Thats supply and demand and market forces for ya. It aint rocket surgery.

 

I agree. I prescribe to the value-adding in a car sale as opposed to supply/demand for a few reasons, explained below. Not arguing, just giving another angle to the discussion.

Supply and demand interact with market pricing, but the marketing function can leverage the 'value' side of the equation. I think we can safely assume that supply of these cars (in a manufacturing sense) has ceased, and it is definately a buyers market. Supply exceeds demand for these cars, so marketing properly can increase demand.
Considering a normal distribution of Zeds, the range lies between the $1500 wrecked shitters, and high end examples with big dollar builds, low KM and all other aspects that consumers desire. Sadly the mean price around 6-12 grand, and this is where the 'average Joe' zed really is.

From a sellers point of view, they must blance their offering to the market based on the value of the car (value to the consumer thru marketing), pricing, demand of product, and the costs associated.

Value is driven through the sales pitch, what it offers the consumer for their hard earned dollar.
Pricing can infer quality, but can work against 'value' to an extent. This is consumer dependent.
Demand is waning, supply exceeds it in todays market. Supply is essentially capped (z32 is no longer in production), if not decreasing as more are taken to the scrap heap (or written off by crap drivers)
Costs associated with the sale can be things such as opportunity cost of capital - what can I do with this money if I sold it today, vs in 3yrs time?For example 10 grand in a high interest account for 3 yrs is more than a 12,000 sale price 3 yrs from now - not including inflation. It may also cover costs such as registration (1/365th of a rego payment lost per day that the car is on the market), upkeep etc.

 

Many years ago a friend of mine sold a Torana XU1 in great condition for a couple of grand and at the time considered himself lucky to get that for it, also sold a Falcon XY GT (not HO) for not much too.

 

Original mint XU1's are selling for $70k these days (check out Shannons auction results). I guess one has to weigh up the costs associated with maintaining the vehicle for many years against the potential sale price later and the sale price now. XU1's were around $3150 when new in 1970, the median house price in Sydney was 20k. Today the Median Sydney house price is $637k, which would make equivalent price of the car 100k.
Goes to show you're better off putting your hard earned $ into real estate.

 

You can't drive a house, but you can sleep in a car

And a XU1 is a bit rarer than a 300ZX.

I'd prefer a mint 240Z though :zlove: