1st Gen GP Most liked posts in thread: Value of a GP today?

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  1. PGT

    PGT Wheel Whore

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    #12 PGT, Oct 26, 2010
    :lol: hardly, but the second time around, I wouldn't go deep. Strategic things like suspension and rubber (I am a wheel whore after all...).
     
  2. 05r50

    05r50 Well-Known Member

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    #51 05r50, Sep 6, 2013
    I was thinking the same thing. We would get there only to find mark sitting in the dealer lot when we got there.
     
  3. minimark

    minimark Well-Known Member

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    #2 minimark, Oct 26, 2010
    When your talking a very low mileage limited production car like a 1000 mile GP, the value of what the owner is willing to sell for and the what a buyer is willing to pay would apply.

    Not one cent more. LOL
     
  4. rigidjunkie

    rigidjunkie New Member

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    #3 rigidjunkie, Oct 26, 2010
    30K sounds about right, if I remember correctly they were around 36K new before dealers added to the cost. You are also looking at something that you will either be able to enjoy and lose all the value or that you will sit and look at and retain the value. While I like the look of the GP's I have never understood why someone would buy one over a well moded S. You can get better performance and retain the utility very easily.
     
  5. PGT

    PGT Wheel Whore

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    #4 PGT, Oct 26, 2010
    GP was not $36k. It was $31,115 MSRP. And, some dealers sold for less when they languished on lots. I seem to recall one locally being sold for less than $30k actually.

    And, the GP turned out NOT to be a collectible except for the MINI faithful. I'm not willing to pay MSRP for a car that's four years old with no warranty (and isn't appreciating in value, at least at this point)
     
  6. Dr Obnxs

    Dr Obnxs New Member

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    #5 Dr Obnxs, Oct 26, 2010
    Remember...

    all those muscle cars that are getting top dollar at auction couldn't be given away in 1975!

    I don't think Edmunds is a good guide for what a limited production car goes for. They don't turn over nearly as much as other cars. Buying one that is very low mileage sounds like the seller is re-thinking thier "this will be worth holding onto" thoughts when they bought it... Maybe go for one with more miles on it. That owner won't have been thinking that they own collectable gold!

    Good luck looking! Take your time and you'll find one for less.

    Matt
     
  7. minimark

    minimark Well-Known Member

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    #6 minimark, Oct 26, 2010
    Then buy a well cared for R53 and go have some fun!!
     
  8. TGS91

    TGS91 New Member

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    #7 TGS91, Oct 26, 2010
    On a related note I saw a guy list a MC40 special edition on MiniMania for something like $40K. Guessing he is going to be sitting on that for a spell..........

    Fairly low miles but get real
     
  9. BThayer23

    BThayer23 Well-Known Member

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    #8 BThayer23, Oct 26, 2010
    For perspective, the E30 M3 took about 20 years to start increasing in value. The GP's not 5 years old.
     
  10. quikmni

    quikmni Moderator

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    #9 quikmni, Oct 26, 2010
    Some higher mileage GPs have been for sale in the $21,000 - $25,000 range.
    The very low mileage GPs have been for sale in the $28,000 - $31,000 range.
    The GPs were $31,500 new which was not a bad deal compared to the price of a 2006 MCS with all the JCW options (engine, suspension, and brakes).
     
  11. PGT

    PGT Wheel Whore

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    #10 PGT, Oct 26, 2010
    ehh, BTDT and don't care to throw money away like that again. A GP will be a step down from my last MCS but my goal would be different this time :D
     
  12. minimark

    minimark Well-Known Member

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    #11 minimark, Oct 26, 2010
    Are you saying you can resist the urge to mod with a GP? Lol
     
  13. minimark

    minimark Well-Known Member

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    #13 minimark, Oct 26, 2010
    Slut from what I've seen...LOL

    GPs are sweet! ;)
     
  14. BThayer23

    BThayer23 Well-Known Member

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    #14 BThayer23, Oct 26, 2010
  15. rigidjunkie

    rigidjunkie New Member

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    #15 rigidjunkie, Oct 26, 2010
    I thought you were looking for a fun car? Judging from your profile and signature pictures you have a WRX and a Benz, looks like you need a convertable maybe an Anniversary Miata?
     
  16. PGT

    PGT Wheel Whore

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    #16 PGT, Oct 26, 2010
    the STI is gone.....traded on the Benz. As for a convertible, I almost bought an Audi S5 Cabrio. That said, a Wrangler is more my idea of a 'fun convertible'. For sporty cars, roofs are needed for proper handling. Our R53 Cabrio suffered from chassis flex in a way that made it not fun to drive fast.
     
  17. howsoonisnow1985

    howsoonisnow1985 New Member

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    #17 howsoonisnow1985, Dec 30, 2010
    Why not STi or Evo?

    I think GP's won't be collectible for another 20 years sorta like the E30 M3, I remember almost buying one for $5,999, but thought I will wait till they are $1,999. So much for that, now they are $19,999 and more for "low mileage". You can find Sti and Evos for less than a GP, I would consider that. (I am considering it) Many sweet Evos for $16-20k and some real sweet Sti for $13-19k. An 04 2 door STi is what I would like.
     
  18. PGT

    PGT Wheel Whore

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    #18 PGT, Dec 30, 2010
    no such thing as a 2 dr STI from the GDB series (04-07). And, I just sold my '08 STI...not looking to go older.
     
  19. howsoonisnow1985

    howsoonisnow1985 New Member

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    #19 howsoonisnow1985, Dec 31, 2010
    Sorry first gen coupe STi conversion.
    Why did ya sell the STi, seems like a fun car. no?
     
  20. PGT

    PGT Wheel Whore

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    #20 PGT, Dec 31, 2010
    Subaru had a bad stint with motors from '07 to early '09. Blown ringlands, spun rod bearings, etc. Hell they had a "STOP SALE" on all turbo models for an OEM tune that was too lean. I decided I didn't feel comfortable keeping the car long-term, despite the 5/60k drivetrain warranty.

    Besides, the realization that I could buy a fast car from the factory by cashing in all the mods I did and buy a "grown up" car. My Merc is faster bone stock than the modded STI was. It handles very well too but isn't as 'sharp', even with summer tires. There are options for coilovers like KW V3's, but not sure I want to go down that road (yet).
     
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