2006 107k miles $8000, Los Angeles [Archive] (2024)

MX-5 Miata Forum > All Miatas > Pricing and Dealer Discussion > 2006 107k miles $8000, Los Angeles

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lhuster

8th December 2012, 22:08

There has to be a catch right?

http://losangeles.craigslist.org/sgv/cto/3462289696.html

Clean car fax, picture looks pretty good. How can it be this low for an NC? Is this normal?

lhuster

8th December 2012, 22:09

Here's the descripton btw:

2006 Mazda MX-5 Touring

Color - COPPER RED MICA

VIN JM1NC25F160106410 Clean Title $8 000 (only cash). 107 000 miles Car in Los Angeles now.

Everything perfect works perfect. No problem at all. Need sell it fast. Not less then $8 000 (If you want to buy it for 7990 it's doesnt work)

167-hp 2.0L DOHC 16-valve 4-cylinder engine with VVT

5-speed manual transmission with short-throw shifter

EPA mileage city/hwy (mpg): 22/28†

17-inch aluminum-alloy wheels

Black vinyl convertible top

Cloth-trimmed seats

Air conditioning

Power windows with driver's one-touch-down feature

Leather-wrapped steering wheel

Leather-wrapped shift knob

Leather-wrapped door handles

AM/FM/CD/MP3-compatible stereo

Dual front air bags and side-impact air bags

Mazda ipod connector

Shock tower brace

Chrome grille surround

Halogen fog lights

Power door locks with 2-stage unlocking feature

Remote keyless entry with retractable key

Auto-dimming rearview mirror with HomeLink®

Alarm security system

Tools, Keys. Non-Smoker, No Accidents, No Scratches, No Dings, Like New, 3nd Owner

Sounds about right price due to lots of miles if in condition stated. As it is a 2006 Touring would not expect to have 17-inch aluminum-alloy wheels nor shock tower brace, and picture shows no chrome grille surround ... :dunno:

DEC

8th December 2012, 23:01

A 7 year old car, in a low trim level, with 107K....Why do think $8,000 is a low price?

The 'cash only' / 'must sell fast' is the weird part. The price seems like top dollar, considering prices for an 06 with half the miles.

Sent from my Desire HD using Tapatalk 2

DEC

8th December 2012, 23:24

There's other weird stuff...

I think the picture of the title shows 107,000 miles on 12/3/2011...So, why a new title but no miles in the last year? Maybe I'm reading it incorrectly.

As mentioned, why 17" on a Touring?

The seller doesn't seem familiar with the car, listing incorrect features. This is probably some sort of flipper.

I'm betting this car has an ugly, but hidden, past.

Sent from my Desire HD using Tapatalk 2

Vince3

9th December 2012, 06:35

A 7 year old car, in a low trim level, with 107K....Why do think $8,000 is a low price?

The 'cash only' / 'must sell fast' is the weird part. The price seems like top dollar, considering prices for an 06 with half the miles.

Sent from my Desire HD using Tapatalk 2

I agree it is a high-mileage aging car.

$8000 in not inexpensive for this. Get used to NC's regularly selling for $8000 or less in better condition than this one. Depreciation is a bitch. :) :)

wooo

9th December 2012, 09:46

Seems like a fair price if the car is in good shape for the mileage.

But there are some hints here that maybe it's a $5k car in disguise.

El Fez

10th December 2012, 09:15

I'm seeing some legit '06 models for under $9k, The mileage is usually north of 100k miles but seem otherwise to be drama-free cars. Some folks are just being realistic.

Now for the NCs I am looking for, the prices are not quite where I am 100% willing to bite on, but I'm getting closer.

This Marble White looks nice, I wish it was closer so I could go take a look at it. (http://www.cargurus.com/Cars/inventorylisting/viewDetailsFilterViewInventoryListing.action?sourc eContext=carGurusHomePage_false_0&newSearchFromOverviewPage=true&embedType=NONE&entitySelectingHelper.selectedEntity=c5675&entitySelectingHelper.selectedEntity2=c9157&uncached=false&showInactive=false&newCarsOnly=false&useInventoryService=true&name=entitySelectingHelper.selectedEntity&includeAllModelsOption=false&carsWithRegressionOnly=false&ign-makerId-entitySelectingHelper.selectedEntity=m42&heading=All+Years&ign-modelId-entitySelectingHelper.selectedEntity=d221&includeUnknownTrimOption=false&carsWithRegressionOnly=false&ign-carId-entitySelectingHelper.selectedEntity=c5675&ign-car2Id-entitySelectingHelper.selectedEntity=c9157&zip=77084&distance=MILES_500&modelChanged=true&searchChanged=true&transmission=M&sortType=DEAL_RANK&sortDirection=ASC#listing=46173535)

High-miles but clean-looking Highland Green for the price of an FM turbo kit! (http://cars.oodle.com/detail/used-2006-mazda-mx-5-miata-for-sale/3240011222-savannah-tn/?cm_mmc=OODLE_PREVIEW-_-www-_-NA-_-NA)

tkuwaha

10th December 2012, 16:20

I'm seeing some legit '06 models for under $9k, The mileage is usually north of 100k miles but seem otherwise to be drama-free cars. Some folks are just being realistic.

Now for the NCs I am looking for, the prices are not quite where I am 100% willing to bite on, but I'm getting closer.

This Marble White looks nice, I wish it was closer so I could go take a look at it. (http://www.cargurus.com/Cars/inventorylisting/viewDetailsFilterViewInventoryListing.action?sourc eContext=carGurusHomePage_false_0&newSearchFromOverviewPage=true&embedType=NONE&entitySelectingHelper.selectedEntity=c5675&entitySelectingHelper.selectedEntity2=c9157&uncached=false&showInactive=false&newCarsOnly=false&useInventoryService=true&name=entitySelectingHelper.selectedEntity&includeAllModelsOption=false&carsWithRegressionOnly=false&ign-makerId-entitySelectingHelper.selectedEntity=m42&heading=All+Years&ign-modelId-entitySelectingHelper.selectedEntity=d221&includeUnknownTrimOption=false&carsWithRegressionOnly=false&ign-carId-entitySelectingHelper.selectedEntity=c5675&ign-car2Id-entitySelectingHelper.selectedEntity=c9157&zip=77084&distance=MILES_500&modelChanged=true&searchChanged=true&transmission=M&sortType=DEAL_RANK&sortDirection=ASC#listing=46173535)

High-miles but clean-looking Highland Green for the price of an FM turbo kit! (http://cars.oodle.com/detail/used-2006-mazda-mx-5-miata-for-sale/3240011222-savannah-tn/?cm_mmc=OODLE_PREVIEW-_-www-_-NA-_-NA)

I'm not so sure about calling those legit drama-free cars. Honestly, they both have very good reasons, other than the high mileage, for the low price.
First one is an AUTO:eek:
Second one has "minor" damage in the front and a deployed airbag that have not been fixed. Of course, the one picture doesn't show the minor damage, but you can see the deployed driver side airbag:ohno:

I think $8k for the car OP posted is a fair price for a clean car. Some say early NC's should be selling for under $10k due to age, but I'm not really seeing that happen on a regular basis just yet. The lack of activity on your good NC price thread reflects this somewhat. Most NC's priced under $10k seem to have a pretty significant issue or two (accident, rust, flood, auto, etc).

jim dreiling

10th December 2012, 17:36

I first saw it for sale about eight months ago, when looking at cars for a friend. I don't have any info though. I believe it's at a dealer, so who knows.

Vince3

10th December 2012, 19:22

A lot of NC cars are just ordinary everyday cars that are driven year round in all sorts of weather conditions (rust will be an issue on rust belt cars) as they rack up the mileage. These cars will continue to depreciate. A lot of these NC Miata owners still think these everyday sort of cars are worth what a low-mileage garage-queen NC is worth and that is just not the case.

Condition is everything but in general the NC's are still depreciating rapidly while many NA's and NB's are not depreciating much (if at all) if they are well kept.

tkuwaha

11th December 2012, 10:43

A lot of NC cars are just ordinary everyday cars that are driven year round in all sorts of weather conditions (rust will be an issue on rust belt cars) as they rack up the mileage. These cars will continue to depreciate. A lot of these NC Miata owners still think these everyday sort of cars are worth what a low-mileage garage-queen NC is worth and that is just not the case.

Condition is everything but in general the NC's are still depreciating rapidly while many NA's and NB's are not depreciating much (if at all) if they are well kept.

I completely agree NC's will depreciate at a much faster rate than NA/NB. It's just that I don't see it depreciating as rapidly as some claim here (we can agree to disagree on this point).
Just ran a quick nationwide search on Autotrader for NC's with these three filters; < $10k, < 75k miles and with MT. The search returned only 8 cars, and half of those don't look clean.

Now trying to get back on the original topic, if the OP asked if "I" (or a well educated forum member) would pay $8k for the car, then my answer would be no because I'm cheap;)

Vince3

11th December 2012, 16:05

I completely agree NC's will depreciate at a much faster rate than NA/NB. It's just that I don't see it depreciating as rapidly as some claim here (we can agree to disagree on this point).
Just ran a quick nationwide search on Autotrader for NC's with these three filters; < $10k, < 75k miles and with MT. The search returned only 8 cars, and half of those don't look clean.

Now trying to get back on the original topic, if the OP asked if "I" (or a well educated forum member) would pay $8k for the car, then my answer would be no because I'm cheap;)

I think many owners owners selling older NC's (especially on the Autotrader cartel) are "well behind the curve" of what these cars will actually be selling and getting sold for. In other words their asking prices are way too optimistic for the everyday old cars with average /ordinary miles on them that these Miata's are nowadays.

Oldsmobile

11th December 2012, 16:41

I think many owners owners selling older NC's (especially on the Autotrader cartel) are "well behind the curve" of what these cars will actually be selling and getting sold for. In other words their asking prices are way too optimistic for the everyday old cars with average /ordinary miles on them that these Miata's are nowadays.

The problem is where is this "curve" documented? We need data, not anecdotal evidence. It's too bad we don't have an industry insider who can provide dealer auction prices of Miatas. :(

tkuwaha

11th December 2012, 21:46

I think many owners owners selling older NC's (especially on the Autotrader cartel) are "well behind the curve" of what these cars will actually be selling and getting sold for. In other words their asking prices are way too optimistic for the everyday old cars with average /ordinary miles on them that these Miata's are nowadays.

Okay, Autotrader may not be the best source to gage the current market, but it's better than no data.

How about ebay? Here's a couple of recent auctions. A rebuilt 06 got 15 bids and sold for $8,550. A clean one-owner 08 got 28 bids and sold for $14,850!

There are also reports from forum members who have gotten offers well above $10k for their NC's from Carmax.

Got any examples of the "actual" selling prices to share?

RubyDoo

12th December 2012, 03:30

Original ad for that Highland Green. (http://www.carsforsale.com/used_cars_for_sale/2006_Mazda_MX-5+Miata_166236521)

It's a Base. No A/C in Texas?

Not sure if I'd want a car with an "anti-brake" system. :eek:

Vince3

12th December 2012, 03:36

Original ad for that Highland Green. (http://www.carsforsale.com/used_cars_for_sale/2006_Mazda_MX-5+Miata_166236521)

It's a Base. No A/C in Texas?

Not sure if I'd want a car with an "anti-brake" system. :eek:

Who would order a Miata without A/C in the south??? :) :)

RubyDoo

12th December 2012, 08:52

Who would order a Miata without A/C in the south??? :) :)racers usually. But not this one with that chrome fuel lid, unless his pit crew was vision-impaired and needed some help.

Oldsmobile

12th December 2012, 11:11

racers usually. But not this one with that chrome fuel lid, unless his pit crew was vision-impaired and needed some help.

:rofl:

jim dreiling

12th December 2012, 11:28

Original ad for that Highland Green. (http://www.carsforsale.com/used_cars_for_sale/2006_Mazda_MX-5+Miata_166236521)

It's a Base. No A/C in Texas?

Not sure if I'd want a car with an "anti-brake" system. :eek:

Also, The low curb weight (2182 lbs) that's listed must be because of the 1.6 engine that's in it!:rolleyes:
Listed lower (under pics) in "Vehicle Description."

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2006 107k miles $8000, Los Angeles [Archive] (2024)

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