Monday, July 25, 2016

No Love: 1990 Mazda MX-5 Miata

I don't want to be one of those people who says I told you strike that.  I do want to gloat about this one.  Let's rewind.  In Sept of 2015 Jesse from Barnfinds picked up a 6,000 mile MX-5 Miata from a ranch in Sun Valley, ID and then sold it in November of 2015 for $8,100 on eBay. We picked up the scent in March 2016 when it was offered in Mountain View, CA for $15,000 firm, but that may have been a scam after I reached out to Jesse for confirmation...however, now the exactly same car is now listed  in San Jose, CA via craigslist, this time with new pictures and more legitimacy.  Find this 1990 Mazda MX-5 Miata with 8,000 miles offered for $11,000 via craigslist.  Tip from Matt V.

This owner has put about 2k miles on it in the past few months, which has probably been a great experience for the owner, but he/she is likely aware that each mile put on drops the potential resale by a not-too-insignificant amount.  What we've got here is the ultimate car to park for 20 years and sell when the MX-5 is a classic..but what kind of a life is that for a car?  And in the meantime classic 911s are going to triple in value (haha...wait...that isn't funny at all), so if you are going to add a car to your savings/investment porfolio, does the MX-5 really make sense?

And therein lies the conundrum of the 6,000 8,000 mile Miata -- for $8,100 $11,000 it seems like a cool deal but each mile you put on it drives it closer to the 100k mile $1500 Miatas littering craigslist, so you are buying the nicest example of a car you can find, but you can't drive it.  Save your cash, buy a $4k example with 50k miles and drive it to 75k with zero loss in value.

See this car for sale again?  It is only a matter of time.


  1. I don't really get cars as investments. Italian motorcycles are much better. You can get a motorcycle into your living room (if you're unmarried, or you have the coolest wife ever, or you stopped having an intimate relationship years ago and any spousal berating you receive will just add to the incessant nagging you already slog through, unable to sway you, since your level of apathy is immeasurable) or man-cave. They're better to look at, and when you do actually use them, they evoke a broad stroke of emotions at any speed. A 911 (or Miata) really only stirs the soul when you're driving too fast to be considered responsible.

    Plus, just take a look. I'd ride that till couldn't feel my legs anymore.
    [image src="" width="400px"/]
    I'd enjoy the bike, too.

    1. Hunter, you beat me to the joke! But that comment about the 3rd option to get bike into the living room might hit a little too close to home for some.

    2. I know the types around these parts. I fit into the unmarried category, can you tell?

    3. I have a AJS motor in my living room right now. Not sure what to do with it.

    4. I had a '74 R75 /6 in my living room for years. When I moved into an industrial loft space, it graced the room that was my home office. I don't get away with any of that kinda stuff anymore (living in warehouses, or having a bike in the living room). But, long as the garage is still full of bikes, and I'm not sent out to sleep's worth the sacrifices.

  2. In Seattle $4K will get you an NA with 150K on the clock. $6K will get you the 50,000 miler. Still a good deal for a pukka sports car that you can drive to moon shot mileage without much fuss.

  3. I love the CARS window sunscreen and I am being serious.


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