mistanfo Dork
April 27, 2010 9:59 p.m.

Coworker asked if i would be interested in a Miata that is sitting in her back yard, and has been for a few years. She said that at least one cylinder has no compression reading, and another had "very low" compression. Oh, and it was smoking badly when it was last running. The engine will now NOT turn over, even with a fresh battery. Top is trashed. Shesaid that her late husband put "suspension" on it, but had no idea what it was. The city is threatening to have it towed, and fining her, and she just wants it gone.

Sometimes it's good to be the "car guy" where you work?

grimmelshanks New Reader
April 27, 2010 10:08 p.m.

what is fmv? if this is some kind of "should i buy this" kind of thing, then hell yes.

mtn SuperDork
April 27, 2010 10:13 p.m.

Sounds to me like FMV in this case would be about 100-200 more than scrap.

grimmelshanks Reader
April 27, 2010 10:17 p.m.


Junkyard_Dog HalfDork
April 27, 2010 10:21 p.m.
mtn wrote: Sounds to me like FMV in this case would be about 100-200 more than scrap.

I've driven home Miatas with hardtops for $700. To me FMV is scrap value. She is going to scrap it if you don't take it right?

Carson Dork
April 27, 2010 10:22 p.m.
grimmelshanks wrote: what is fmv? if this is some kind of "should i buy this" kind of thing, then hell yes.

Fair Market Value

neon4891 SuperDork
April 27, 2010 10:23 p.m.

Fair Market Value

+1 on scrap in this case

grimmelshanks Reader
April 27, 2010 10:31 p.m.

thanks carson. i still say take it, sounds like an LSx recipient to me

friedgreencorrado SuperDork
April 27, 2010 11:34 p.m.

Considering scrap prices these days, that one sounds like it's dead. Tell her about how common the cars are, JunkyardDog's story about $700 for one that still drives, and offer $100. If she mentions that scrap prices have risen, tell her the Chinese had a recession too, and that scrap's not going for what it did awhile back. Hope that's what the scrap dealer is telling her as well, cross your fingers, and wait to see if you get the phone call.

MrJoshua SuperDork
April 28, 2010 5:40 a.m.

Bought a running driving one for $400 several years ago.

stan SuperDork
April 28, 2010 7:25 a.m.

I think some of you missed the "free to me" part of the story.

And being "the car guy" does have its benefits!

dyintorace SuperDork
April 28, 2010 7:30 a.m.
stan wrote: I think you missed the "free to me" part of the story.

I was just thinking the same thing. I think the FMV question was only asked as it relates to the Challenge. And in that vain, I would agree with others that it doesn't sound like anything more than scrap.

unevolved Reader
April 28, 2010 9:09 a.m.

We bought a running Miata for my friend for $380.

itsarebuild Reader
April 28, 2010 9:17 a.m.

i'm assuming that the request for FMV is based on the idea of making a 2010 challenge car? if so i'd say scrap value is most appropriate and i for one wouldnt argue against it..... even if you handily beat my entry (which you probably will with that kind of starting point!) around here we get about $8 per hundred pounds.

unevolved Reader
April 28, 2010 9:54 a.m.

Where's a good place to find scrap values? I searched online, but couldn't find anything useful.

Sorry for the threadjack.

iceracer Dork
April 28, 2010 10:37 a.m.

I thought FMV meant Free Motor Vehicle.

Keith SuperDork
April 28, 2010 10:41 a.m.

I paid $100 for a shell with a clean title. A friend bought an engineless Miata for $400 with a clean title. But once you get to this end of the market, it really comes down to how badly the owner wants it gone. And if the choice is "take it or I call a junkyard", I think FMV is the price of gas to drag it home.

neon4891 SuperDork
April 28, 2010 10:42 a.m.

Call you local metal recycler

mistanfo Dork
April 28, 2010 12:46 p.m.

Paging Per. Please chime in with what the Challenge budget would be hit for.

Yes, I drag it away, it's mine.

patgizz SuperDork
April 28, 2010 1:13 p.m.

place i take cars to is paying currently 11.75 cents per lb of car so multiply that by miata and you have FMV

jrg77 New Reader
April 28, 2010 1:49 p.m.

Scrap value minus the tow fee to get it TO the scrap yard!

DILYSI Dave SuperDork
April 28, 2010 3:32 p.m.

I think the recyclers gave me like $60 for a CRX shell I took them. So $60 sounds fair to me.

friedgreencorrado SuperDork
April 28, 2010 4:42 p.m.
stan wrote: I think some of you missed the "free to me" part of the story. And being "the car guy" does have its benefits!

Yup, I missed it..free Miata=no brainer. Make some room.

April 28, 2010 8:12 p.m.
Keith wrote: And if the choice is "take it or I call a junkyard", I think FMV is the price of gas to drag it home.

Quoted for truth. The key here, I think, is whether she would give the car, for free, to just anybody at this point. If she's at the end of her rope, needs the car gone, please, somebody, anybody, just get it out of my yard, I would say FMV = free. If, however, the price is free for you, $200 for anyone else, then FMV would be $200.

Scrap value seems like a good compromise, if it's either you take it or it goes for scrap. So does the cost of gas to bring it home.

friedgreencorrado SuperDork
April 28, 2010 10:19 p.m.

Since I finally got it through my thick skull that the FMV question's for Challenge purposes, can some of you guys who've been through something like this chime in? Hongs? Mag staff? I'm just curious.

WnN, you speak as if you've been through a Challenge or two..

1 2

You'll need to log in to post.

Also on Grassroots Motorsports

First Drive: Turbo ND MX-5

2 days ago in News

We hit the track with Flyin' Miata's latest power adder.

This Weekend at the Mitty: The Ultimate Auto Festival

2 days ago in News

Gates open this Friday for the Classic Motorsports Mitty at Road Atlanta.

ND Miata Turbo Kits Now Available!

3 days ago in News

Add 70 horsepower and 70 ft.-lbs!

What's the Plan, Man?

4 days ago in Articles

Thoughts on our racing plan for the year.

Meet the Rebels Who Started the Cannonball Run

5 days ago in News

Relive those desperado days through movie excerpts, and hear the real facts and wild stories from the legends themselves.

Up for Auction: All of Level 5 Motorsports's Hardware

5 days ago in News

It's a pro race team part out.

Can You Really Live With a Low-Buck Porsche 911?

5 days ago in News

For the past two years, on of our forum regulars has been chronicling his life with a Porsche 996.

Project Turbo Miata: Fire Fighting

5 days ago in Project Cars

We transfer the fire system to our new Miata.

Reader's Ride of the Week: Autocross Abomination

1 week ago in News

Classic British styling with a rotary engine?


1 week ago in Articles

If you’re going to host the search for the ultimate street car, perhaps you should drive one yourself.

Chris Albin’s Flying VW Golf: What Really Happened?

1 week ago in News

What really happened to send Chris Albin's VW Golf flying?

Drive Cars From the Lane Motor Museum Collection

1 week ago in News

Love older, maybe slightly weirder cars? This event is for you.


Grassroots Motorsports Magazine

Subscribe Today

Also get your instant access to the digital edition of Grassroots Motorsports Magazine!

Learn More