In reply to ShadowSix:
Yep... the clean and unmolested ITR I was looking at a few weeks ago was for sale at $9000 and it sold much quicker than I expected.
In reply to ShadowSix:
Yep... the clean and unmolested ITR I was looking at a few weeks ago was for sale at $9000 and it sold much quicker than I expected.
In reply to Ian F:
Honestly, they could be slightly overpriced here due to my proximity to Honda of America, but a really good, stock or close to stock car is a $12k-15k car. $9k for a clean unmolested car would be a STEAL, and the OP's $6k would only buy a car with something seriously wrong with it. Just an ITR motor on it's own is probably worth $4k. If you were a teenager into cars in the '90's and you didn't own a confederate flag, you probably wanted an ITR. This car will become the big block Corvette of my generation.
ShadowSix wrote: In reply to Ian F: This car will become the big block Corvette of my generation.
Agree 100%. It's why they are still so expensive. I seriously looked at these before picking up the M3 but couldn't find a good one for the money.
In reply to ShadowSix:
Yeah, the seller knew he was asking for less than market value, but he had been procrastinating about selling it for at least 3 or 4 years and just didn't want/need the hassle of trying to get more. He used to run the car in DS, but that was before I started running with our region back in 2009. By then, he had switched to a NB which he ran in CS and then to a STR S2000 in '10. The only time I ever saw the ITR was when his fiance drove it as a "support car" for the S2000 they co-drive since the Honda doesn't carry much. Then he bought a tow vehicle and the ITR didn't get driven much (for awhile he had all 4...). I think he only advertised it on our region's forum and it still sold quickly.
At 43 I guess I'm too old to have thought of the ITR as all that interesting back when it was new. I think my generation in general tend to still be more "muscle-car focused." Even my own '91 Integra was treated as simply "a car" during the 6 years I owned it ('96 - '02). The thought of modifying it or even racing it never even entered my mind until years after I sold it.
In reply to jdbuilder:
Ooh, if you're an M3 guy... I really think the ITR is going to closely track the price curve that the E30 M3 followed. ITR is to late gen-X'ers as E30 M3 is to early gen-X'ers.
In reply to Ian F:
I'd say you're right about the timing. I'm 32 and the ITR was fetishized when I was a teen. IIRC one of the mags (Sport Compact Car?) had a comic strip about an ITR. I had friends that were only into domestic V8's (Mustangs, Cam(a/e)ros, lifted trucks), but the rest of us all wanted an ITR to some extent.
I would rock the E36 M3 out of an ITR. They're fantastic cars.
So an ITR could almost be an investment at this point if it's going to follow the E30 M3?
ShadowSix wrote: In reply to jdbuilder: Ooh, if you're an M3 guy... I really think the ITR is going to closely track the price curve that the E30 M3 followed. ITR is to late gen-X'ers as E30 M3 is to early gen-X'ers.
I seriously doubt it.......if a clean ITR is $13-15k..........clean original E30 M3s have been routinely going north of $30k.
The ITR can't come close to the racing heritage and isn't the "Most successful touring car in racing history."
z31maniac wrote: I seriously doubt it.......if a clean ITR is $13-15k..........clean original E30 M3s have been routinely going north of $30k.
My friend bought his '88 in '98 or so for $12k IIRC. I think that's the kind of arc ShadowSix was talking about. It's (still) about as perfect an E30 M3 as you'll find. It was a good price at the time but not a miracle purchase.
OSULemon wrote: So an ITR could almost be an investment at this point if it's going to follow the E30 M3?
In theory, yes. Or at least you shouldn't lose money if it's kept original, clean and driven the way most classic cars are driven (on nice days and mainly to shows). "Rocking the E36 M3" out of one, will potentially hurt its value. Plus, we're talking about clean, 100% original cars. Any - any - modifications beyond say replacement struts will hurt value.
I can't see the basic rules of classic cars not applying here (low miles and originality are key), but perhaps Andy (resident CMS auction editor/expert) can weigh in with his thoughts. This subject really sort of crosses the line into CMS territory.
As a pure investment, however, you're still more likely to do better investing in the market and then being one of those guys who pays top-dollar for one 20 years from now. But... you can't drive a piece of paper... so pick your poison.
mfennell wrote:z31maniac wrote: I seriously doubt it.......if a clean ITR is $13-15k..........clean original E30 M3s have been routinely going north of $30k.My friend bought his '88 in '98 or so for $12k IIRC. I think that's the kind of arc ShadowSix was talking about. It's (still) about as perfect an E30 M3 as you'll find. It was a good price at the time but not a miracle purchase.
But this sort of reinforces my last point. If your buddy took that same $12K and invested it in the market back in 1998, he would have more than $30K today. But at the same time, he wouldn't have an M3 in the garage to enjoy.
The NSX is already in an upswing, if you can get one in good shape and keep in that way, you should have no problem selling it for at least a much as you bought it for (with the relative depreciation of the miles you put on it)
OSULemon wrote: So an ITR could almost be an investment at this point if it's going to follow the E30 M3?
Without a doubt. Only problem is you could never do anything with it since it would be stolen the second you turned your head.
e_pie wrote:OSULemon wrote: So an ITR could almost be an investment at this point if it's going to follow the E30 M3?Without a doubt. Only problem is you could never do anything with it since it would be stolen the second you turned your head.
Ha. Excellent point.
Also, of course you'd do better investing in the market, but conversely, you wouldn't have an enjoyable car in the garage, so...depends on your goals, I guess.
To which I say, why not both? 
ShadowSix wrote: In reply to Ian F: I'd say you're right about the timing. I'm 32 and the ITR was fetishized when I was a teen. IIRC one of the mags (Sport Compact Car?) had a comic strip about an ITR. I had friends that were only into domestic V8's (Mustangs, Cam(a/e)ros, lifted trucks), but the rest of us all wanted an ITR to some extent.
It was "Import Tuner" that had the comic strip about the kid with the raging hard-on for the ITR. MaxBoost was the comics name.The ITR never did much for me then, I was more into Nissans at the time, but I would totally rock one now as long as I never have to park it in an strange parking lot out of eyeshot.
The ITR, MR2 Turbo and E36 M3 are going to be in my searches now, thanks for the suggestions.
In reply to t25torx:
Ha, that's funny, I didn't like Nissan's at the time (for no good reason) and have since owned a 350Z and a B13 SE-R!
Ian F wrote:OSULemon wrote: So an ITR could almost be an investment at this point if it's going to follow the E30 M3?In theory, yes. Or at least you shouldn't lose money if it's kept original, clean and driven the way most classic cars are driven (on nice days and mainly to shows). "Rocking the E36 M3" out of one, will potentially hurt its value. Plus, we're talking about clean, 100% original cars. Any - any - modifications beyond say replacement struts will hurt value. I can't see the basic rules of classic cars not applying here (low miles and originality are key), but perhaps Andy (resident CMS auction editor/expert) can weigh in with his thoughts. This subject really sort of crosses the line into CMS territory. As a pure investment, however, you're still more likely to do better investing in the market and then being one of those guys who pays top-dollar for one 20 years from now. But... you can't drive a piece of paper... so pick your poison.mfennell wrote:But this sort of reinforces my last point. If your buddy took that same $12K and invested it in the market back in 1998, he would have more than $30K today. But at the same time, he wouldn't have an M3 in the garage to enjoy.z31maniac wrote: I seriously doubt it.......if a clean ITR is $13-15k..........clean original E30 M3s have been routinely going north of $30k.My friend bought his '88 in '98 or so for $12k IIRC. I think that's the kind of arc ShadowSix was talking about. It's (still) about as perfect an E30 M3 as you'll find. It was a good price at the time but not a miracle purchase.
Ah, I misread your first point but I don't think you're completely right in this case. S&P500 is up less than 100% in that timeframe. The DOW about 80%. I'm not factoring in dividends and, of course, the car has plenty of carrying costs...
BTW, I asked him the other night. I mis-remembered. He paid $9500!
Did anyone mention AE86 GT-S?
Haven't seen one for under $4,000 in years, regardless of condition. You could buy one, slam it on cheap coilovers and low offset wheels, and sell it for the same price you bought it.
I really have been thinking about tracking one down. Normally I would cringe at spending over $3000 on a car that old, but if its got everything you want in a car, why wouldnt you?
I briefly thought of picking up an ITR for rallycross because five years ago you could find an OK for sub $7k. I was hoping I could find one for south of $6k. I was way way wrong.
There are a couple of factors that effect ae86 value:
1) a Lot of them are junk, as a result of rust or neglect or drift damage. +value, supply vs demand
2) There is a connotation that ae86 drivers are monetarily challenged. - value, people care what others think about their perceived wealth. sad but true.
Solution, cool people should by the remaining decent hachirokus, and modify them tastefully so that the world sees the awesomeness, values will skyrocket!
<img src="
" />
You'll need to log in to post.
