charlieo wrote:Damn, that's a $3,000 240SX?
I really need to start buying southern drifto cars and moving them north...
Honestly, at dealer prices, a MINT sub-100k S13 5spd of either body style is a $5-6k car in DC, maybe $4500 if you get lucky.
(this is all asking prices, of course)
Obviously not worth that private party, but there's probably only a $1k discount from those prices.
Condition is everything. Like with any older car, condition can double or triple the value when crappy examples are only worth $1-2k. A busted, rusted AE86 is a $1500 car, but at least on the East Coast, a mint low-mile GTS in original shape can be expensive, $5-6k.
The demand is such for these cars to have pricing characteristics not dissimilar to "legitimate" collector cars like, say, a 928. A neglected beat-up 928 is worth what, a couple grand? What's a mint one worth, $10-15k? Baseline is lower for the S13 and AE86, but the effective "condition multiplier" is the same. This is very unlike an Olds 88 from the early 90's or something, wherein a really nice one is probably only $500-1000 more than a beat up one. The S13/AE86 didn't used to be in this category, but "drift demand" has put them there, and they'll be there forever.
If you think about what it costs (at shop prices) to take a POS S13 and turn it into a NICE S13, the dealer markup doesn't look unreasonable. Granted, for the purposes of a drift car, it doesn't really make sense to buy a super-nice original, but some people want to do it anyway and so they can expect to pay a premium for that.
Obviously, the Northeast has the highest pricing for all this stuff. We generally had the fewest of these cars to begin with (people buy fewer FR cars where it snows), and a higher attrition rate (rust), and so there IS real arbitrage between CA and FL pricing and DC/NY/BOS pricing on a lot of these cars. I've shipped a couple over the years just to resell, although it's unusual that the spread is high enough to give you any sort of decent margin above your shipping costs unless you're shipping 8 at a time on a car carrier.
EDIT: Did Onizuka just post?!?!