Funny 1984 flashback

[BarneyT]

Stack of years worth of Roundel magazines in boxes in trunk of 72 we purchased... First one I look at from 1984 to see what a 2002 is selling for in 84 and look what I find...

[dlhoovler]

Mike, still for sale? Count me first in line. [emoji6]

-Dave

Posted from my phone.

[coloincaalpine RIP 2021]

I'm calling..........

[resra]

So, our cars really have not appreciated that much honestly. $4500 in 1984 is equivalent to $11,160 in todays money in 2019

 

https://www.dollartimes.com/inflation/inflation.php?amount=4500&year=1984

 

 

[dlhoovler]

So, our cars really have not appreciated that much honestly. $4500 in 1984 is equivalent to $11,160 in todays money in 2019
 
https://www.dollartimes.com/inflation/inflation.php?amount=4500&year=1984
 
 

And when you put it that way...

My dad bought The Orange Car new in 1971, sold it in 1984ish and bought it back in 1997. He remarked once that it changed hands for about the same amount each time - right around $3,000. But adjusting all of those to 2019 dollars, the car was sold for:

$19,000 in 1971
$7,400 in 1984
$4,800 in 1997

And I think I have it insured for $15,000 today. So even though I think non-tii '02s should still be $3,000 cars, $3,000 isn't $3,000 anymore. From a certain point of view...

-Dave


Posted from my phone.

[Conserv]

I believe $4,500 was a very expensive tii in 1984: say, the equivalent of a $50,000 to $60,000 tii today (not in inflation-adjusted dollars, but in a relative sense). The classified ads in the Roundel tended to reflect a small core of... “believers” — e.g., the highly-respected Mike — but in the world outside the BMWCCA, tii’s traded at a substantial discount to those prices. This assumes the Roundel cars actually traded at the listed prices. I’d bet that a few did. I’d also bet that a few didn’t.

 

Based on many of the prices I see today in the Roundel, I suspect it still reflects the absolute top of the market.

 

Thanks for sharing, Barney! Always love this sort of stuff!

 

Best regards,

 

Steve

 

Edited November 14, 2019 by Conserv

[Buckeye]

In 1983 paid $5K for a 76' 2002 (Inka) with 100K miles on it after my 71 was rear ended in Pasadena, CA. A year later left the car with a family member and moved to Michigan. 

[saaron]

I bought my '72 tii for $3650 in '87.  Through my research at the time, a decent tii was about $5k.  So Mike's was in the ballpark of what I was expecting to pay.  Mine was a little less due to the seller's situation.  

 

In contrast, to buy the tii I sold my '78 Celica GT Liftback, which was in a little better condition than the tii, for $2500.  

 

Over the years I'm sure I have put a ton of money into the tii, but I have also enjoyed it (and the people like you all) that I've met over the years, tremendously.  

 

Scott

 

 

 

 

[Conserv]

4 hours ago, Buckeye said:

In 1983 paid $5K for a 76' 2002 (Inka) with 100K miles on it after my 71 was rear ended in Pasadena, CA. A year later left the car with a family member and moved to Michigan. 

And in 1983, in Pennsylvania — one state over — I would have had to virtually give away my ‘76 (one owner, 100K miles, perfect interior but, admittedly, needing a Polaris re-paint and some un-defined engine work). I looked at used recent-model Ford and Chevy wagons and the dealers offered me roughly the same pricing with or without my trade-in. My baby was, basically, scrap metal to car dealers. ?

 

Which was why I kept it! ?
 

Best regards,

 

Steve

 

Edited November 14, 2019 by Conserv

[Arizona02]

Yeah $4500 in 1984 for 1972  2002 sounds like a hard sell. Back in 1984 Phoenix Arizona I bought 1977 BMW 320i (E21) near low blue book price $5500 with A/C, auto trans, shiny red paint and 80k miles. In the $ 6,000 price range new 1984 Civics, Sentras, Corollas were available.

[Clevis Woodruff]

My first car was a 1975 MG Midget, which I bought used in August of 1979.  I paid $2,500.

 

I sold it in 1985 for $2,500.

 

During the 5 1/2 years I owned it, I put $2,500 - $3,000 into it for two engines and paint job, among sundry other replacement parts (new distributor, new top, new rear brake cylinders, clutch and brake MCs, clutch and throw-out bearing twice, rear axle, and three sets of tires). I also put a Weber 40 DCOE and an exhaust header on it. 

 

Those cars had at most a 5-year, 20,000-mile expected life span before needing practically everything.

 

I wish I still had the Nardi steering wheel and Weber carb . . .

[BeMyWay]

11 hours ago, coloincaalpine said:

I'm calling..........

Give him a call, he might still have it !  

 

I just got rid of my landline, so Mike's might still be connected.

 

I know, right?

[jimk]

Did you get a sale @MikeinNC ?

Edited November 15, 2019 by jimk

[ray_]

Seems esty wasn't making carpet kits then ?

 

I paid $5k for my air-conditioned 100k mile sahara tii in '82.

 

?

[MikeinNC]

Haha   I remember that car    My Dad was in the business of buying 2002s and E21s and fixing them up and selling them to supplement his retirement income.   This one was in DC and so Dad called on it and headed up to look at it   Apparently the seller wanted to drive it some before Dad got there and took it out on the Beltway where upon the timing change broke, bent a bunch of valves.  Dad showed up, the guy told Dad that the car quit and was still sitting on the side of the road.  Dad went and looked at it, paid an incredibly low price for it and hauled it back to Cville    I did all the engine work, Dad did the body work and painted it (he was pretty good considering no paint booth) and we sold it, just cannot remember who we sold it to.   

 

Funny thing, this car started my love (sic Hate) relationship with Tiis       

Edited November 16, 2019 by MikeinNC