Trying to determine the market value of this particular RS.
Wait, there's three of us? What are the odds...So, as an owner of a 2018 NB no sunroof car in the ATL region,
The $60K is not my target price and I had to put a price on for the post. That's pretty much it. The whole point of this post is to get an idea of what other people think about. If I break even that's good. If I make a couple of bucks, that's great. I know I won't lose money on this so I'm fine with it.So, as an owner of a 2018 NB no sunroof car in the ATL region, with about 15k miles currently (purchased with ~12k) I can offer some feedback. I would consider that price target to be high, especially considering the current market dynamics, as I paid in the lower $40's for mine last year. I also recently, within the past week, saw a RR 2018 with less than 20k for ~$44k.
There is a lot of solid feedback provided thus far, and I tend to agree with the consensus that the price target noted would require holding the car for a material amount of time, or extreme luck in getting just the right buyer. While these are arguably 'rare', they do not have the same sort of following/desirability compared to limited edition Mustangs, etc. in this market.
As mine is a very low miles no roof car, I personally struggle with driving it vs, putting it away for a while. Driving it seems to win out on a nice Saturday.
And dont get me started on the desire to tune it versus leave it alone, given the relative rarity...
I guess you didn't read my last post. I already got multiple wholesale offers from multiple dealers and they came in higher than what you just mentioned which means they believe they can sell it for much higher price and we've all seen it before. The car is basically sold and I'm just trying to finalize the deal. As I mentioned again, this car is more for collectors and speculators at this point. I believe some of these dealers already have potential buyers for this and that's why they offer the amount. Since there is no comparable in the market, it's very hard to put a number on it. It's all speculation at this point. We can analyze it all we want but the market doesn't always work that way for something like this. A Car purchase decision is not always rationally driven, it often times mainly emotionally driven. We've all been there. Emotion often trumps rational thinking. Nobody needs a car like this. It's our wants.Last thing I'll write on this: the 2018 Focus RS MSRP was about $42k (earlier years were about $36k). Base inflation from 2017 to now puts this car in the low $50k range but the base MSRP of new Rs and GRs are about $40k-45k. With markup again, about $50k seems right for most markets. I think you're still competing against what's on the market here. If you sold below $50k at around $45k private sale, I think you'd get a buyer fairly quickly.
If you get 100K in 20 years you'd actually end up using money due to inflation. Of course nobody know what future inflation would be but even at 3% over that period you are better off getting 55K now (Present Value Calculator)The $60K is not my target price and I had to put a price on for the post. That's pretty much it. The whole point of this post is to get an idea of what other people think about. If I break even that's good. If I make a couple of bucks, that's great. I know I won't lose money on this so I'm fine with it.
If I want to make the maximum return, I would just hold it for another 20 to 30 years and take it to Mecum or Barrett Jackson which was my original plan but the plan has changed just like many things in life. As we get older, our perspectives change and my time is more valuable than $$$. Also, I have a couple more of these and I'm running out of space so I want to make some space for other toys for different experiences.
I already got offers from dealers for more than the folks mentioned here. So this will be gone by either this week or early part of the coming week to one of those shmuck dealers. I'm just looking for a quick and easy sale to minimize spending time on this.
This particular RS if the mileage is kept under 200 or so it will definitely hit 6 figures sooner than later. I just don't know how high it will hit. But I care less and cars in general are not a good investment. I buy them because I like them and I get a huge satisfaction out of it. Certain cars give me more and certain cars give me less and the RS is one of them.
At this point, I believe this RS is more for one of those collectors and speculators. And there are a bunch of them out there with tons of cash in hand. One thing I'd like to point out is that a car with 10K+ mileage is not a good comparable to a car with 135 miles especially when it comes to rare and collectable cars like this. They are just simply not comparable for an obvious reason.
That's why I stated that cars are not a good investment.If you get 100K in 20 years you'd actually end up using money due to inflation. Of course nobody know what future inflation would be but even at 3% over that period you are better off getting 55K now (Present Value Calculator)
And with a car you have other expenses around doing maintenance, storage, etc. If you have 50K now you are better off buying an S&P or another index fund and forgetting about it for the same period.
Trust me I know this well....67 vehicles mostly high performance owned since 1973. Made some money and lost some money. My real investments though appreciated well. My first car ever at 16 was a 1969 GTO Judge in Carousel Red like the one in the attached pic. Wish I still had that car today....That's why I stated that cars are not a good investment.
If the car serves you well and if you enjoy it with your kids, just cherish the moment and don't stress over $$$ amount. We can always make more money but we can't get the time back. Just enjoy what you have while you can. We're not getting any younger and it's just sad reality of life. I stay pretty busy and have a very little free time. When I do have some free time, I just want to relax at home so I don't get to enjoy my toys much like I used to. So I've been thinking about consolidating them to much more manageable number. It's kind of funny because I've worked pretty hard to acquire those toys. I was extremely obsessed with cars in my 20s and up until my mid 30s or so and they made sure I stay broke and single for a long time. At the end of the day it's just an object you can replace with something else. However, you cannot replace those memories. So enjoy it while you can.I agree, a 10,000+ mile is not as comparable to your RS. I am not sure of your age but I am 59 and my prospective has changed also. I would like a large amount of money for my RS too but the question to me is how long would I want to wait to get that. I would want to know what it is worth today and then make my decision. For example $45,000 for my car doesn’t move the needle but $60,000 and I tell the kids sorry but I sold another one of my fun cars.
As I get older I don’t want to have as many things that require my attention. I love my RS and I use it as I intended and that was as a cool car that I take to car shows and cruise nights. It has worked perfectly for me. I never intended for my RS to be a daily driver, I have another car for that duty.
Sounds like you have everything handled.
If it has sat that much over the years is more likely to need seals and such than one that has been driven regularly though. What prep was done (such as oil fogging of cylinders) was done to prep it for storage, was the car on jack stands? Even if it was in climate-controlled garage, sitting is not what the engine and lubricated parts were designed to do for extended periods of time. Do you have the annual service records? Slick top only matters to someone that plans to race the car in this market right now, and low/high miles is less of a concern to them. Maybe when the car is over 10 years, I'm thinking closer to 15 years, old and some collector is looking for a rarer build spec of the limited editions to buy it could matter, but it's barely over 5 years right now.Not even 50K? Most used 18s going for well over $40K. So the practically new one is only worth a couple of grand more?
The slick top doesn't count?
If you have a preference or opinion, great. Just don't speak for all of humanity.Slick top only matters to someone that plans to race the car in this market right now, and low/high miles is less of a concern to them.
I almost traded my NB 2016 in on a NB 2018 w/o sunroof that was in VA at Shelor Motors before risking taking mine in for the 17B32 service. But they were going way too low on the trade-in, low $20s, at the time the car was still lower mileage and flawless. Stayed in the garage aside from Auto-x and car meets. After the 17B32 service, I've just driven it all the time as the daily and up to about 90k miles now.Wait, there's three of us? What are the odds...
Mine has 36k so I'm driving it! Haha