99Qs are going for $15k-$18k with 60-100K on the odometer, in good condition.
$5800 is WAY too low.
Sure, we here at NICO know the value of a second-gen Q, the cost to maintain/rehab, but to the public its attractive (to a wide adult audience), free of personality issues that may turn some people off (like the 90-93 G50) and free of major defects. In all, its a very desirable sedan.
$9000 is where this Q bottoms out, if you stomp on it and shove it down a bit.
Also, mark me down as one of those insane people! When I was looking around for a Q, I would decide on one I liked and decide to come back a day or two later to find it was sold. All of the first-gen Qs I looked at had 160-180k, and all sold for close to their asking prices ($3600 and up, mine was $3800). Book value at the time was about $3550.
Also take into consideration what some people pay for the mid 90s LS400 at a Lexus/Toyota dealer. The public believes there will be an extremely long period of trouble-free ownership from a Japanese car, moreso a Japanese luxury car. Prestige, brand cachet, and perception of quality are enough to overcome doubts some people have about higher mileage and age.
-Jesda <-- Insane!
