How much is your modified car really worth? (We Find Out!)
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- Опубліковано 3 тра 2022
- Do mods increase value? Has all the work been worth it? After heaps of work, we get a valuation on my modified RX-7 to see if we've actually made any money...
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I cannot convey in words how much I dislike that front bumper. Please take it off and burn it, or raffle it off but I'm not sure you'd get bids.
You do not need 2 mini coopers.
“It would be unacceptable to drop a massive skid in here wouldn’t it?”. I thought the same thing. And then pictured him sliding sideways into the 90+ year old Packard 🤣. The things we should never do but think about, then go get a burrito instead.
Stop eating kebabs sober... they taste far better after a few ale's
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He hit the nail right on the head. All these 90's kids that grew up watching F&F or playing Gran Turismo are now in their 30s, no kids, and have cash to drop on a RX7, Supra, S2000, R32/33, e30/36, Gti, etc. It doesn't help that all the big car UA-camrs are in that exact age bracket and are pushing the demand even higher.
Yup
subaru impreza WRX STI 😢
Yup I’m happy I bought my 260z before it got priced out of my range
Yeah I bought a gti in feb 2020 and by April I had received a letter from the dealership I bought it from offering me $5k more than I paid for it in trade in value. Motivated to buy that gti by this channel and the golf r series, thank you very much fellas!
I’m in that category and up until a few months ago you would be correct. Now things have changed, rising interest rates, rampant inflation and stagnating house prices. Yeah, these cars are at an all time high but the party is coming to a messy end.
Just low key chatting about the value of an RX7 in front of a feckin DIABLO GTR! 👀
And Pug 205 GTI in mint condition 🙂
rotors will catch many peoples eyes lol
@@renarspucitis I was eyeing off that little Peugeot as well. It was tidy AF
I love it 🤗
This was exactly what I was thinking.. F that Dorito. Give me that thing!
8:27 We got a stowaway nut in the camber adjustment slot, looks like a 10mm if I am not mistaken. 🧐
The only nuts I spotted were in the RX7.
Came here to say this, well spotted! @8:27
I was curious about that
As did I! I’m a career auto tech and I was like EASTER EGG! Wouldn’t surprise me if those cheeky blokes put it in there on purpose for the comment frenzy! ;D
I had to rewind to make sure all 4 studs had the nuts on them... hahah hidden gems!!!
The Motocompo prices are really the most heartbreaking part of these crazy price increases.
Wanted one as a kid in the 00s and even if I could afford it I could never justify it
FourstrokeBarn (Utrecht Netherlands) has a few neat ones for roughly €3000 a piece. Come over and toss one in the back of your car!
I wonder if the boys know they're at least partially responsible for such a high price hike lol
So what do the Honda City's go for then?🤔
It's only $4-6k on the auction site
justification... it's now an investment 😅
love the Peugeot 205Gti behind them , One of the quickest cars I've owned on any surface, dirt, bitumen , winding roads , snow etc
I saw a video with a 205 GTi racing an Astra SRi around Tsukuba circuit. It was a shitshow, with both cars suffering catastrophic understeer on every corner, but the 205 had awful lift off oversteer too. The Astra won hands down. You can find the video on UA-cam on a Japanese channel.
Best car in the room !!
oh, you havent owned many cars then
@@creed8196 Me?
member them being dirt cheap 5 years ago
I was really excited to see that Escort. I bought a 90 Escort GT 3 years ago and have joined in the life of searching for rare parts.
The Escort worked for the Hooker at the end?
The Mk2 was the only car I was looking at in that room 🤣
Aye, the blue RS2000 was the car that screamed hello at me too mate, love mk1 and mk2 Escorts, that car looked superb.
I bought a 928 years ago, then Jeremy Clarkson on top gear, said how good they are.. my $12 thousand car.
Price rose to $32 thousand..
Doesn't matter what car you have.. just enjoy it..
Absolute mint...WOW.
As someone from Europe I can't believe you walked straight past that 205 GTi without even so much as a nod. Growing up that car was the holy grail and for me it still is. Been lucky enough to drive some fast VWs like 6n2 Polo GTis and mk 4 Golfs but driving a 106 Rallye and a 205 GTi was a completely different experience
Still is mate. Similar but not quite as insane as a lancia delta integrale but up there for sure
Hell yes, I can't believe I passed up a 205 GTi for 3k 10 years ago... I don't think the MCM guys know french cars even exist despite their love of nuggety hatchbacks.
I was surprised to even see it mate. Didn’t think they got the 205 Gti I’m Australia at all
@@mclouj I'd love for them to get their hands on a proper 106, 205 or 306 GTi or Rallye. You don't need to stick mad amounts of power into them but in terms of driving experience and feeling like you're bolted directly to the tyres and engine nothing comes close. I had a 6n2 Polo GTi and loved it, smooth, comfortable, and full of tech. The 205 GTi I had was the opposite, sharp, light and ready at any rev range to kill BMWs and Audi's on the motorway. Just wish I had the money to keep it and stick an Mi16 in it.
Completely agree, I owned one for 10 years here in Australia and only got rid of it as it was poorly supported with parts locally. An Absolutely mad little car that punched far above its weight
Video was great. I work in the vehicle values department for Hagerty, the equivalent of Shannon’s in America. Interestingly enough, we called out the FB RX-7 in an article a few months back as one vehicle that had high potential for gaining value. I think Marty’s car benefits from a hot RX-7 market and having some really usable upgrades which certainly enhances the desirability. Without a doubt, this car was a savvy buy, even though investment should be the last reason to buy a car.
Fantastically put man! Wish more people thought this way
well said, i dont get why people see cars that were beaters a couple of years ago investments now. like cmon dude a single cam 240sx with 300k miles and a rusted frame isnt worth 15k
Wise words, the market in America is bonkers, I saw another UA-cam channel going through new dealer pricing and how much the dealers are charging above RRP, I couldn't believe it. Eg: like a RAV4 selling for $40kusd over RRP!!! Hopefully this starts to drop down to a reasonable price soon.
I remember when these RX7's were going for $400 - $1200.
They were clapped out junk though.
I still want to rebuild a rotorary though.
The S13 topk that major hike for awhile, but people didn't want to buy a 15k rolling body. The prices on those have now dropped.
Couldn't take my eyes off that 205 GTi, my childhood hero car
"We've got a 240Z". Camera pans to 260Z😆
lmfao i thought i was the only who caught that!
and a 2+2 at that 😂
What did you expect from the best 4 wheel drive channel on UA-cam man?! 😂😂😂
@@angkunsterlnw Yep, gross!
@@otix3253 Moog literally called it.
This is one of the most informative and helpful episodes you guys have ever done. I have struggled with this topic and had first hand experience with my regular insurer not willing to insure my car for market value because it’s now jumped into a whole different market and considered collectible and increasingly rare.
Thankyou Shannon’s guy. Thankyou Marty. Thankyou Moog.
Many regular insurers will not insure your car for a higher value (or even an agreed value) because they base their prices off of red book or glass's guide, and they're not willing to budge from what those value providers set.
@@constantinosmallios Yes I know that. However the insurer acknowledged what it’s market value is and refused to insure the car for market value. Did offer to insure for less than half that. I was in a situation to find a possible replacement and had a wake up call.
@@FuManchu5ltr seems like you may need to make a phone call tomorrow!
I love the content, so diverse. It’s almost like there’s something for everyone!
;)how many times did they say it in the first 5 minutes?😂
I read ur comment before the vid like oh ok cool, now I get it lol
Idk, if only there was a camaro in the corner I'd be happy.
Rx7 are also really coming into the market.
That Pug 205 gti looks beautiful.
Oh man - There are some sick cars in that auction place. That Ford Esky Mk2 in blue ,my word, that is an absolute beauty.
65-80K If only…
@@jimmyt8535 I remember my friends and I as teenagers purchasing 2-door MK1 & 2's for sub $1k with 6months registration and almost treating them as disposable... If only we knew.
I've never heard them called esky before and I'll die happy if I never hear it again 👍🏻
Man that Peugeot 205 Gti, beauty. Should get that once Moog auctions RX-7 LOL
Absolutely!
Keep the RX-7 and buy a 205 GTi
after all these months it looks so great! Great job guys!
205 gti is stunning! Loved my red 1.9gti
Great Vid... I have a buddy who had one of these back in the day... Couldn't wait to share this vid with him... I'm sure you got a new fan after this one... KUDOS Fellas
That ending was so welcoming, you guys really are top blokes!
Congrats on finishing another project.
It's what seperates MCM from all other similar channels, best mates doing shit they like and having a good laugh together, or taking the piss out of each other.
Great stuff. Anyone spot the nut sitting on the top of the RX7’s shock tower?
Yes, dude! I had to rewind and make sure that's what I thought I saw lol
Haha yup!
Yer just hope the boys no lol
No I didn't but thanks to you I did Nicklemouse, classic Marty and Moog for me.
I was scrolling through the comments to find this one, so I don't have to write it myself... 😅
Throughout their whole conversation about the RX7 I was drooling over that Diablo behind them.
Same
A diablo? I've only seen a Peugeot 205 GTi
@@thebrelon I was looking at the 205 pretty hard as well in fairness.
I recall the prices in 2005-2007 skyrocket for all the Australian Muscle cars... GTHO’s for $750k. Cheap finance/money ...Just before the 2008 recession/GFC. Makes you think 🤔!
Great episode, very informative and a nice change of pace.
The peugeot 205 and the escort rs replica 👌🏻 lovely cars
That Peugeot behind them is beautiful.
Long time follower and even my kids love to watch this show! Thank you for all the years of awesome fun on UA-cam.
Agreed value for insurance is not an appraisal. Thanks for the infomercial.
Unfortunately, it depends on who you speak with at Shannons. I called them to increase the value of my car but the Shannons lady flatout refused. I called again a few weeks later and the guy that I spoke to, who actually knew cars, increased the value by $10k. At the end of the day, something is only worth what another person is prepared to pay for it.
to do the job requires alot of knowledge about a lot of cars, some people know and love the stuff you own as they may own something similar, I would say just like the real world some people are willing to pay some arent. its good you got it sorted in the end !!
keep an eye on your policy, they will more than likely knock that 10k 'agreed' value back off without saying a word and its up to you to fight it back
@@Psykism you should always look at renewal docs to see sun insured amounts and premiums.
@@dlyle unfortunately I have been caught out by Shannons. Because I pay by the month and all my cars are on the one policy, they reduced the 'agreed' value of our shopping trolley Hyundai I30 from $17k to $12k. My oversight on the policy renewal cost me $5k a week after the renewal when the car was written off. I never agreed to it yet by not questioning the new agreed value, it meant that I agreed to it. Realistically, insurance companies are not charitable, they're sharks!
Shop around guys.. I had the same thing but it was a guy at Shannon's that didn't want up the value even though there was no way Id get another one one for what they were saying to keep it at. Wouldn't have even got a rusted out Roller for what it was at.. I didnt bother calling them back but instead called another company and they were more than happy to insure it (and my daily) at a far more realistic price for literally only a few dollars more and I didnt have to be calling back to change premiums whenever I wanted to use it... Im now back to sleeping well knowing my pride and Joy is insured for a value I could maybe replace it with and I can drive i any time I like.
That last bit got me thinking: I can't recall if I've ever actually heard Marty directly call Moog by his name. He's definitely used it before, but usually I hear him use man, dude, my friend, etc.
Cool to see 2 good friends having a good time. Never change guys👍
Super interesting video, love seeing you guys get to quiz an expert about stuff for us.
that yellow 300zx is sweet
The rx7 is awesome. Great work on it guys. 🤙
1:14 nice 205 GTi (1.9) in the background 👍🏼
I had a Clubman as a kid, didnt have the money to keep it from rusting out, love those headlights!
I have LHD 1982 rx7 here in oz. I wonder how it compares to the RHD market, i've heard they are sought after for power builds because the opposite side steering rack and brake booster allows more room for turbos and manifolds. hummm
I've personally watched RX7 values rise. I got my shell for 300 bucks 6 years ago relativly rust free. was a killer deal back then, Even nuttier nowadays.
They use to give always rx7z on Craigslist all day long ! I had 4 by the time I was 20 ! Present my shit box Ae86 is at least worth 5gz
Was trying real hard to trade my crx for a coworker's rx7... was like dude, gas is 5 dollars a gallon the crx gets 41 mpg!!
They’re still cheap around here. 5k will get you a driver quality car. There’s a project on eBay that just sold for $2500 and nice ones sub 15k. I’m not sure where they’re getting the stupid prices from as there are two for sale on eBay right now for 8k or 10k with the cheaper one being automatic.
Man, I bought a FC N/A parts car for $300 back in 2007. A few weeks ago, I was looking at a FC Turbo 2 with 159,000 miles that had a nice body but everything else was clapped out for $15,000. Passed on it, but damn.
I think the recent crazy price increases is over - we're heading into a global recession, as peoples disposable income is going to be massively reduced over the next few years, and problems with supply of necessities continue, prices on emotional "want" purchases like "classic" cars are going to crash whilst "need" items like food, fuel and housing will skyrocket.
I'll never get tired of the banter between you two, nothing better than best mates taking the piss.
I loved the little vlog at the end. Felt like hanging out with your youtube mates
The used market is insane at the moment. Cars that would be considered $500 shit boxes a few years ago are now like 2 or 3 grand.
I've said that myself bro. $2000 is the new $500
This is good, reuse is better than recycle.
@@jondonnelly4831 Bro wanna buy a probably-abused def-leaking-headgadket 1500 grocery getter? I've been looking at a certain model but the prices are way overboard for what their condition is
I think the recent crazy price increases is over - we're heading into a global recession, as peoples disposable income is going to be massively reduced over the next few years, and problems with supply of necessities continue, prices on emotional "want" purchases like "classic" cars are going to crash whilst "need" items like food, fuel and housing will skyrocket.
@@Beer_Dad1975 part of it is also people weren't able to go anywhere so they had all this extra money they would've normally spent going on holiday or every weekend at the pub so they just bought hobby cars
Still funny even after 14 years.
I'm with Marty, get your grot hands off the rx7. Brrrrrrr Woooosh
Clean Dream. Nice car. Nice mods. Keep up the great work guys.
Appreciate the 4k cam!
Here is a hint people..
I am 61, retired..
I worked for Classic car, sales and storage company for 20 years..
Your car is only worth, for the amount someone will pay for it.. I have seen many people buy a classic Porsche, and loose money.. the 300z was a hit.. then dropped..
Problems with a Rotary, expensive maintenance.. it ain't worth the price quoted..
Bought my bugeye prodrive UK300 for £2,000. Now it’s worth well over ten grand more then I paid. Which is like 22,000 AUD. it’s increasing by the day as they only made 300 in 2002. And only a handful are left.
This was a great video guys 😎
That mk2 escort is unbelievable😍 along with a few others!
I have my Mini insured with Hagerty here in the US. Seems similar to Shannons in that they insure with an agreed upon value not the typical “blue book” dealer value. The funny thing is my Mini insurance is cheaper than my old insurance who I was with for nearly 30 years. I used to insure for the six months as I drove the Mini on the road then have storage insurance for when it was on jack stands waiting for the snow to melt and the salt on the roads to be washed away by Spring rain. With Hagerty my car is fully insured year round, at a value I set and I added a clause that will give me the car back if it is totaled in an accident along with a full settlement check - and it is the same yearly cost. My old insurance company used blue book and then worked down from there.
When you specified the agreed upon value was there any push back from the insurer?
@@cristiannunez5123 Good question. No push back from Hagerty on the agreed upon value for my 2006 Mini. I was reasonable when setting my value. The car isn’t worth $100K. The current private party KBB value for my exact car is it at $5,725 - $8,784. I set my replacement value at $10K. The representative at Hagerty said nothing. Didn’t even pause. Now my premiums are a slight bit higher than originally quoted ($10 yearly) but they are still the same price as my old insurance company for better and longer “on road” coverage. My friends who have Porsches and BMW’s with Hagerty had the same experience. One had a highly modified and restored 1947 Dodge Power wagon. I do not know the “book value” of that truck - but my friend had the agreed upon insured value bit over $200,000 US. He sold the truck for $250K in 2019.
@@billcunningham8485 thank you for the reply. Glad they did you and your mates justice.
I love rotaries but there’s a fucking Lamborghini Diablo GTR behind you so my focus is on that plus the Peugeot 205 GTI 👌🏼👌🏼👌🏼
That RX7 has good fitment. I always think that as long as a car is stanced right with good offset it will always look good even if it is stock. I have a liberty on 30mm perrin spacers to bring the wheels out a bit and it really makes a difference in how the car looks
as someone who has an s124 merc wagon I love that he pointed out the car
That escort is baller. I love that car
Am I the only one noticing the Diablo Gtr in the background at 8:12?
Can't believe they didn't mention it
@@joaocorreia8959 they did as they were driving out
Epic you guys did this!
Surprised the old school ambulance didn’t get a mention, looked pretty sick
LOOK. A Peugeot 205 GTi @6:23 Easily the best car in the Video.. A stunning, stunning car.
Marty asks like a 6-sentence question, then lets the guy say like two words before he launches into another long-winded, 6-sentence question.
That blue Mk2 Escort with Irish tarmac spec... Love it!
Your content is always great
Wearing my Mighty Mods hoodie, eating my porridge, loving this new vid when ... WTF? There's a loose nut sitting on top of the drivers side shock tower under the 7's hood. (Or am I the loose nut?)
It’s not you, it’s us.. but yes there is a nut on our car also
@@mightycarmods Just a spare incase another falls off elsewhere, ahead of the game.
@@mightycarmods I know Marty likes the car, but don't nut on it. Or if you do give it a wash.
A 205 GTi (looks like the 1.9) next to a DIablo GT. And I'm finding myself not able to chose between the two... Hmmm...
Definitely the 205!
205GTi for me
I've got that missing trim piece above your window for you! Ill send it to you for the price of shiping too! Great RX-7 content guys.
I f**king love this channel! Literally, every video is brilliant! Would love to see you guys go back to the Daihatsu EV you made a few years ago. Or a great vid would be to watch you guys buy a Honda City with Motocompo as you already have the bike.
Im reminded of the scene from Snatch where the guy is trying to pawn off fake diamond. "Aaand its worth... Fuck all"
The insurance value isn’t the same as the market value, it’s not even a fair way to present the value this way
20k-30k and that will sit for months , but because it’s mighty fuk mods the car will sell instantly
I won't spoil it, but I LOVE the little troll details you folks slip into these videos.
12 points.
It's amazing how different cars can have such a different effect on people. I immediately zeroed in on the Brooklands 280 Capri against the wall. Nostalgia can be pretty expensive.
Why is there a loose nut in the coilover top mount?
Not loose.. spare
@@mightycarmods ohh spares... Keep up the good work guys.
It's honestly worrying to see where the market is going. I bought a 91 XF Falcon Ute back in 2012 for $500 running and almost roadworthy, and then sold it last year (with a fresh paint job and plenty of mods) for $25,000. By the time I am ready for another project I fear that I will be priced right out of the market.
Wow what an increase! But I guess they’re pretty rare now considering so many rusted through
@@HannahFortalezza xf Utes are not rare 😂
Yeah, it sucks. Owning a car beyond the most basic economical A-B machine is becoming unnatainable. Even if prices didn't rise, the fact that people are struggling more than ever to pay rent and bills would make owning a car for fun more difficult. Now the bottom level of owning a fun car has increased by about 10x so it's just completely off the table.
@@AfferbeckBeats yea when you have to save up the same amount as a house loan for a car just to have fun with it's pretty hard to justify.
@@AfferbeckBeats I honestly don't even currently own a car, I borrow my partner's Fiesta. I'm living in the Melbourne inner city on a landscape Gardner's wage and I'm supporting my partner through a PHD so the idea of taking out a loan for a car just seems silly, as much as I would love to own one.
I have an LS998 I would love the LS1275 to have a pidgin pair. But it is going to go for a fortune!! Great video yet again guys.
Realy LOVE the Peugeot 205 GTI in the back ground, that has allways been and stil is, my dream car. Have had two of them back in the day when I was about 30, now if you find one at all, the prices are realy high. I'm a granddady now so, I'm ready for my second youth.....I know exactly what you guy's mean
Found an 86 for sale, all original stateside for $6k running and driving...so tempted.
That's a no brainer
That is a steal
I'd be worried about the body if it's at that price, as Marty said they can be rust buckets. If it's full of bog, or been rolled,bowled and buttholed, it'll cost an arm and a leg to fix
Title: "How much is my modified car really worth? (We Find Out!)"
FIFY: "How much is my modified car really worth? (AD)"
I was on the fence approaching Shannons, this has settled it for me, and will be calling once its resto work is done
I'm glad I got my wagon when I did RIGHT before the boom, I can easily flip it on BAT, but I have big plans for my sleeper.
880 kms without being registered. Someone was an outlaw
Yeah I was wondering about that too
Club days
Random nut on the strut top at 8:27?
I really enjoyed seeing the signs in Australia when you guys are walking to get your kabob Marty cars mods on the street
I was going to say that hood lining definitely doesn't look 'finished' Martin.....glad it was mentioned
Somehow I feel what my car is worth vs what the KBB values my car is different
Kbb is just a suggestion. I don't think they factor in geographical or cultural differences.
Can't believe how much prices have gone up... crazy to think how much all the cars I've had would be worth now. Silvia's, Skyline's, ae86's etc etc have all gone insane. Wish I'd kept them.
If only I'd bought a 32 gtr when I could, now I'll never own one... 😭
Yep, I am not into JDM, but in today's market value I have owned 1.5 million $ of cars, all bought, driven and sold for less than 1000$ each at the time.
@@ForeverNeverwhere1 How? Most depriciated cars under 1000$ are Mercedes S class and BMW 7 series. So you owned 10 of those at once?
man i remember r32 gtrs were down to like 25k at one point as well lol >_>
So glad I kept my R32 GTR, picked it up for 15K NZD in 2012. I wonder how the market would be if there was no US 25 year rule that caused demand of 90s JDM classics to go through the roof.
Meanwhile, the warehouse next door is housing a bunch of Series 1 AU Falcons.
The real gold mine.
nice! i need to finish my RX7s i have an 81, 82 and a 87 convertable! prob going to sell the vert to pay for the sa22s. love the content fellow Aussie in vic!
The best hot hatch of them all in the shot for a few minutes . That and the RX7 equals car porn
Crash the car. Shannon’s will tell you what the “Market Value” is.
Thats why I always go for agreed value policies only. Im making sure that both me and the insurance company know EXACTLY how much money ill be getting if it gets written off. None of the market value bullshit where they try and tell you its worth half its true value.
Mate got burned by that once, his R33 GTT (RB25DET manual) got stolen, was worth ~30k at the time but he had a market value policy and they gave him a fucking 5K payout despite months of arguing.
@@_Zekken I totaled a honda civic type r from hitting a deer and they wanted to give me 2500$ for it. I bought it back and fixed it back up
Hmmm i crashed my car, and I got an Agreed value back through Shannons.
That blue mk2 Escort was simply gorgeous
So convinced you guys are based in Lane Cove by all the M2 footage and Loungeville rd footage. Just moved from there, represent 🙌
Another advert pretending to be a Mighty Car Mods episode, I guess business is business 👍
Legendary video guys!
That Sundowner is screaming Mighty Car Mods!!!!
motocompo went up as soon as yous put the vid out same with jimnys over here in the uk
The first car that caught my eye was the Mini. And Moog is right with the statement "you can always add a Mini".
Man that 205 GTi is just awesome!
That 1275 Clubman mini is awesome!!
Finally got to watch the series on the 7. Loved it. Should be doing hw....but this was better. You lot were past due for a rotary, and it was done so tastefully. And idk why, but it is so chill finding food after watching all this modification. My 7 is driveable, but most of it is sitting inside my apartment lol. Get an FD or and RX-8
I remember when my dad got my sister one of those, we test drove it and almost biffed it. Those things were almost as quick to get up to speed as they were to run out of gas, but a load of fun no doubt
Blue mk2 caught my eye 🤩
My days, there is some lovely motors in there!!!
best channel on youtube! Marty, get an FC RX-7, they look the best