Maybe someone has a little better insight into the automotive industry but I am always curious as to why the ITR receives so much accolades as being a future classic, rare, enthusiast car and yet the "true market value" is always CRAP. Only KBB lists it as being a small market and not able to give an accurate value but freakin' edmunds and nada has it being traded-in at $3 grand and sold retail at $6k?! I mean find me a dealer selling a clear title ITR at $6k and I'll go and scoop it up. I went to test drive a 911 and the salesperson saw my ITR and said he'd give me $4k for it; I nearly punched him in the face! I wasn't even talking about trading it in. They'd just take the car and resell it for $13-$14K. So what gives? Where are these figures coming from? Of course I don't expect the msrp price, but it's an ITR not a Buick LeSabre.

 

The used car market is slow and overstocked to the max which has depreciated the values of everything. New cars have more bells & whistles. Integra line is discontinued and it was a cheap car to begin with.

Never view a vehicle as an investment -- they are depreciating assets.

 

Well, that's a (new or used) car salesman for you, looking to make a buck or more on every deal.

 

Spells opportunity to me. Buy low sell high.

 

watch ebay. the demand is still there to a point. clean low mile stock or modded with high end parts R's are still going over 10k with ease. some of the best are near 20k
the only car that's kind of similar to the R is the 90-95 ZR-1, only 3000 and change were made, similar story. resale is nowhere near as good as the R. they were 65k new if i remember right and a MINT one will fetch half that. an R with 2,000 miles will fetch at least 17k and probably more.

 

Don't hate me for what I am, Ed.

 

LOL! Everyone's got a right to make a living.

P.S. Don't hate me for issuing a patent on an electric parking brake!

 

You could of had 4k in your pocket... ::facepalm::

 

itr and gsr hold the value pretty well so dont get low ball.

 

That was you!?!?! You bastard!!!

 

What years is your Type R??? The same thing happen to me in an used car dealer, they gave me 3500 for my 00 type r of course that they even didn't know a Type r because they asked me if the car is 4 or 6 cylinder, then I visit Duval Acura in Florida and they saw my car and offer to my $9000 for trade in and the sale man told me this car easily they can sell it at $11500-$12000.
If you go to a dealer that don't know the car definetly they will make a crap offer. But always sell the car for a particular person will be better than trade with a dealer!!!

 

I wasn't looking to trade in the R. I just like to go test drive cars every so often, in this case it was a 996 911. My question was really based on what the hell is true market value? How can they claim that $6k is the true market retail value of an ITR? Have any of you seen one for sale that low at dealership?

 

I'm a used car dealer, and I must say, there have been several occasions on which I made more than a buck on a deal. I'm very ashamed of myself though...

 

Sooooo... you will now seek out all your victims and give it all back?

When I bought my 135, the BMW dealer offered me $6500.00 for my pristine 2k R. I sold it via the bay for 16500 the next week. Just 10k difference.

 

Collectible vehicles are always a complete crap shoot at dealerships. When it comes to ITRs you absolutely have to sell privately to get a fair deal.

 

True Market value is what someone else is willing to pay for it.

It's a very small group, collector/sought after car.

Then take into consideration mods, title condition, miles and things like that.

So no, there is no definite "market value" on them.

 

Of course not. The values on those sites are BS.

They have various ways of calculating those values. On a high-volume car, like a Civic, they can take hundreds and even thousands of actual sale prices and come up with statistically valid numbers based on actual experience, and they are pretty good predictors of what the cars are actually selling for.

The problem is when there is a low-volume car, like the Integra Type R, which only sold 3700 cars during the four years it was available. They can't use actual sale prices because they don't have enough of them to base anything on. So what they do instead is they look at the car's original purchase price ($24,800 for the ITR) and they depreciate it by a certain percentage every year, an average percentage for all cars. As you know, a Civic or a base model Integra may depreciate by 10-15 percent each year, but a Type R doesn't depreciate by anywhere near that much. So they wind up with ridiculously low BS numbers that don't really reflect the market at all. They can call them "True Market Value" but they are ridiculously inaccurate. Anyway, that's where they get those BS numbers from.

 

which is totally true, just makes you wonder much fun could be had if the R was sold in the same numbers as the GSR. i could just picture the ad "2001 type r, 108k miles, $5,995" from a non collecting point of view, this would be nice.

 

I wouldn't make that last statement. There are enough cars out there that you can find asking prices (and, if you know enough people, actual sale prices) for similar cars. Mods, particularly more drastic mods, may make it tough to estimate market value precisely, because the more drastic the mods, the more unique the car is and the less comparable it is to anything else on the market. But for an ITR that's bone stock or reasonably close, you can come up with a pretty reliable estimate of its market value, i.e. a range of a few thousand dollars, such that you could either buy or sell a car with a given condition and miles etc for that amount of money, if you had a reasonable amount of time (a couple of months, say) to find a seller or buyer.

 

I actually am taking delivery of a stock/clean title 98 and I was going to finance it till my m3 sells, so I called the bank/insurance company asking what they valued it at and that number was exactly what I'm buying it for; so I was rather stoked on that. I think I was 4k in the wrong direction on my 2000 ITR.

Regardless these cars HAVE to be sold private party or you're a fool.

 

I wouldn't say that. I'm not advocating taking a lowball offer from a dealer. But if a dealer is giving you a reasonably good offer, you're not necessarily a fool.

Let's say you have an ITR that you should be able to sell for $14K, and the dealer can sell the same car for $15K. (Dealers generally get a bit more money because of a lower perceived risk than buying from a private party, plus they can take credit cards, do financing, etc.) Let's say the dealer offers you $12.5K for your car, so they can make $2500 when they turn around and sell it. If you use that $12.5K as a trade-in when buying a new car, in most states it reduces your sales tax on the purchase. If your sales tax rate is 10 percent (like it is here), that sales tax break is worth $1250. So that's like selling the car for $13,750 in a private sale - definitely not a bad deal. Even if you aren't using it as a trade-in, it's still not necessarily a bad deal, since you wouldn't have to go through all the hassle of screening buyers, showing the car, letting them do test rides, etc.

However, if the only offers you get from dealers are lowball offers that are nowhere near what the car is worth, THEN you're better off selling it to a private party.

 

i work at a used car dealer and they are just stupid they dont know or care to know what a car is worth. all they want to know is whats sells.(4cy auto honda's toyotas) so they want to buy them as cheap as they can to up sell them.'

when i asked my car sales man what he think the book was on my type R when i get done, he was like like maybe 6k is you are lucky. hell he has a 96 auto integra rotted and 130k on it out on the lot for 2800. i was like you are a ****in retard!

i guess when it comes to a car that is hard to find. hard to find in good shape... and hard to find clean title. it is not going to be worth it to buy it or sell it threw a dealer.

 

Correct, in theory; but I haven't heard of dealers giving that much for ITR trade-in's for the last 5 years.