93 LE 16k miles $20k [Archive] (2024)

Cincycaddy

10th June 2014, 21:01

High dollar but looks nice with all the swag.

http://cincinnati.craigslist.org/cto/4513828380.html

KeeperNC

10th June 2014, 21:27

Damn!!! That makes this one's claim (http://fredericksburg.craigslist.org/cto/4420325163.html) of "Perhaps the most complete, low mileage (less than 38,500) 93LE in existence" seem downright laughable.

Then again, the price of the 16k mile one makes the Virginia car (which is also here in the classifieds, and I believe Tom's former car) seem affordable. ;)

The Cincinatti LE is insanely beautiful. Even if I had that money, I wouldn't touch it unless I had a museum to put it into.

71Bacon

10th June 2014, 21:48

Frank Reiss

10th June 2014, 21:50

My 5000 mile LE that I sold 6 years ago makes this one look like a daily driver. It was perfect. Oh, sorry, I didn't have the keychain or letter. That explains the $20k asking price. Realistically, I think this is a $13-14k car right now, and my ex is probably close to the $20k mark if it is in the same condition as I sold it. That's with the usual caveats, properly marketed, cleaned, blemish free, big oversized pictures showing nothing to detract from the feeling of freshness, etc.

I think an LE with zero faults and ultra low miles can be sold for $20k, just not that car. A $20k NA in new condition with new condition miles will break the $20k mark at some point, it just has to become available.

Frank Reiss

10th June 2014, 21:51

Its nice, but the carpet and floor mats are faded. I wonder if that LE colored rear window protector is a factor item?

Not factory, I have one squirreled away. It was marketed by one of the original Miata accessories outfits, like Performance Buyers Club.

tom4416

10th June 2014, 22:14

Damn!!! That makes this one's claim (http://fredericksburg.craigslist.org/cto/4420325163.html) of "Perhaps the most complete, low mileage (less than 38,500) 93LE in existence" seem downright laughable.

Then again, the price of the 16k mile one makes the Virginia car (which is also here in the classifieds, and I believe Tom's former car) seem affordable. ;)

The Cincinatti LE is insanely beautiful. Even if I had that money, I wouldn't touch it unless I had a museum to put it into.

What's not mentioned about the one in Virginia (and I don't know why) is that everything possible in the way of maintenance has been done including TB/WP/radiator/hoses/belts/fluids. Heck, I even changed out the shock boots because they were tearing from being dry rotted due to age. Plus, it's a factory two-top car that if you care about rarity, makes it one of 505 versus one of 1500. The 16K mile car is ultra-low miles but I bet it has some deferred maintenance. Frank, IIRC, even changed the TB on the 4K mile example just because of age and obviously not mileage.

I agree that Frank's 4K mile one would be a $20K car today, the Virginia one a $11K car and this one probably slotted in at $12K. If it sold for anywhere even in the ballpark of the asking price, it would move Miata pricing to a whole new level.

KeeperNC

10th June 2014, 22:44

What's not mentioned about the one in Virginia (and I don't know why) is that everything possible in the way of maintenance has been done including TB/WP/radiator/hoses/belts/fluids. Heck, I even changed out the shock boots because they were tearing from being dry rotted due to age.

Good perspective - yes, very odd that the seller wouldn't mention that.

Too bad that Frank's old LE isn't for sale now - I'd love to see that $20k threshold shattered! :thumbs:

autox25

11th June 2014, 08:06

Cincy since you know a lot about LEs and this one is local to you maybe you should go have a look at it just for informational purposes. Pictures don't really reveal the details.

Frank since your 5000 mile car was sold years ago could you share it's selling price at that time for sake of discussion. This one appears to have all the bits plus the aftermarket window protector. Did your car have a HT.

My view is that this one is priced out of the CL market place. It really should be on more of a specialty site. Maybe more of an auction candidate. Appears that owner is somewhat flexible on an offer but not a ridiculous one. Again if marketed properly before an auction a couple of serious bidders could be found.

This car with it's relatively low milage should be left alone from being speculated on here. It is a dis-service to the Miata community and future collectible pricing. It would be more important to see of it sells and for how much without trying to sway it's value. There are plenty of higher milage lower grade cars to hammer on pricing. Haven't heard of a similar car being listed in the last couple of years so maybe we should see how it plays out.

mrcarnut

11th June 2014, 08:26

Tom,

Frank, IIRC, even changed the TB on the 4K mile example just because of age and obviously not mileage.

Actually the original owner had the TB changed prior to my buying the car. The original owner was in his '70's and whatever the dealer told him needed done he had done. Also this 16K mile car doesn't say anything about the radio cover which mine/Frank's had. One thing I will say about our car was that it had an aftermarket alarm system and horns in it which I am not sure how that might affect the value. Otherwise as Frank says it was perfect. I remember Frank calling me after it arrived to tell me he was sitting in a lawn chair in his driveway just staring at it. Good times.

Frank Reiss

11th June 2014, 08:40

Cincy since you know a lot about LEs and this one is local to you maybe you should go have a look at it just for informational purposes. Pictures don't really reveal the details.

Frank since your 5000 mile car was sold years ago could you share it's selling price at that time for sake of discussion. This one appears to have all the bits plus the aftermarket window protector. Did your car have a HT.

My view is that this one is priced out of the CL market place. It really should be on more of a specialty site. Maybe more of an auction candidate. Appears that owner is somewhat flexible on an offer but not a ridiculous one. Again if marketed properly before an auction a couple of serious bidders could be found.

This car with it's relatively low milage should be left alone from being speculated on here. It is a dis-service to the Miata community and future collectible pricing. It would be more important to see of it sells and for how much without trying to sway it's value. There are plenty of higher milage lower grade cars to hammer on pricing. Haven't heard of a similar car being listed in the last couple of years so maybe we should see how it plays out.

Pictures do reveal most of the story, and you can see the normal wear that comes with treating a car as a regular car for 16k miles. Granted the 16k miles are very low for a '93, but not low enough to justify asking $20k. What made my car different was the fanatical care taken to maintain almost imperceptible wear. For posterity, I sold it for nearly $15k, and it had no hardtop. The first person to actually come out and look at it bought it. I fielded a ton of phone calls, but most of them were curiosity seekers and Miata hobbyists.

I also wanted to touch upon the comment about influencing the market with a conversation about the car. I am at times torn with the same sentiment, and do believe that this forum has a capacity to change the outcome of certain sales. Usually that comes from a post where it's clear that a car for sale is undervalued, or is a special car, etc. This one is different. Most knowledgeable Miata hobbyists will se the value of this car, and assign a value that is way higher than any book or auction site will. That is because we know the scarcity of the product. This particular car is worth a big number because of the completeness of the package, and the low mileage. Otherwise, it also has enough small issues with it that it cannot achieve a $20k sale. I stand behind my number, and the seller certainly doesn't need to heed my opinion, and can try selling it on a whole slew of sites that would give him national exposure. Craigslist is a silly place to do it if you aren't trying the big national sites.

Here's my ex LE, by way of MrCarnut in Ohio, originally from NH, traded in to a BMW dealer on a Z4. I loved that car, but so many things conspired against my keeping it. I should start a thread with all the pictures I took, perhaps it can be a guide for future purchasers on what an immaculate LE really looks like.

huesmann

11th June 2014, 09:22

Cincycaddy

11th June 2014, 12:16

Cincy since you know a lot about LEs and this one is local to you maybe you should go have a look at it just for informational purposes. Pictures don't really reveal the details.
.

I'm stuck in Philadelphia for 3 months on a work assignment, otherwise I'd be more than happy to check it out. If I wasn't committed here I'd of already been checking out the $2,300 LE in Atlanta. :)

stimpy14

11th June 2014, 12:33

The paint in this photo looks no better than my 65k LE.

http://images.craigslist.org/00a0a_ace7u9SK0iy_600x450.jpg

ace51

11th June 2014, 14:02

71Bacon

11th June 2014, 14:59

Cincycaddy

11th June 2014, 16:43

I wonder if this isn't the 11k mile LE from Knoxville from a couple years ago.

http://forum.miata.net/vb/showthread.php?t=435227&highlight=knoxville+le

KeeperNC

11th June 2014, 19:08

I wonder if this isn't the 11k mile LE from Knoxville from a couple years ago.

http://forum.miata.net/vb/showthread.php?t=435227&highlight=knoxville+le

Great question! FWIW, this is exactly why I periodically remind (nag ;)) people to try to put the SE# or VIN into their posts on that long-running BRG thread. When an M.netter takes that extra little step, we'll always be able to make connections like this instantly via a simple Google search.

Vince3

11th June 2014, 23:47

Great question! FWIW, this is exactly why I periodically remind (nag ;)) people to try to put the SE# or VIN into their posts on that long-running BRG thread. When an M.netter takes that extra little step, we'll always be able to make connections like this instantly via a simple Google search.

Good idea on documenting the VIN numbers.

Greg 713

12th June 2014, 01:36

mrcarnut

12th June 2014, 07:40

Cincycaddy

12th June 2014, 10:39

OCG

12th June 2014, 11:11

I sold this 93LE in May/09 for $13,500 but the Canadian market is very different for pricing purposes.

http://www3.telus.net/public/scberrys/

Steve B

Frank Reiss

12th June 2014, 11:28

PeakOil

12th June 2014, 16:35

I sold this 93LE in May/09 for $13,500 but the Canadian market is very different for pricing purposes.

http://www3.telus.net/public/scberrys/

Steve B

Very nice car, I wish everyone had the same attention to detail when presenting a car for sale. Must have been tough to let that one go.

OCG

12th June 2014, 19:52

Yes it was but I am too paranoid to drive a low mileage pristine car. We still have our other two Miatas so there is no cold turkey going on here.

By the way, this particular car was sold to someone in your province. ;)