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Count me in as yet another .net convert. Well, convert is a strong word. I'm not leaving, just 'expanding my horizons'. :D

As I mentioned on the 'Newbie Meet & Greet' board, I've been an active member of the online Miata community since 1997 (Usenet), and a member of the 'other forum' since 2000 (under a variety of usernames). I'm on my fourth Miata since '98.

I'm leaning more toward the 'JDM' style with my latest Miata, so I've decided to join this forum after lurking for the last few years. Gotta take a break from .net once in a while.

Anyhow, here's the deal with the car:

1992 A-package
180k miles
Timing belt, brakes, and shocks replaced at ~160k
Tires recently replaced
Compression shows 180-185 psi in every cylinder
Vinyl top in so-so condition
No leaks, no smoke, does not lose oil
A few minor dents and scratches
Interior is near perfect
Runs excellent

The seller originally wanted $2200. I offered $1600, they said no, I walk. Guy calls back twenty minutes later offering $1800. We settle at $1700.

Including the purchase price, I have about $3600 into it as it sits right now, but at least $600 of that is the basic maintenance type stuff I like to do to all my used Miatas. I've put about 2000 miles on it since purchasing it two months ago.

I picked up the hardtop for $600 and had the local paint shop paint it black. I asked the owner if I could meet the person who would be painting my hardtop, to which he agreed. A bit of car guy talk and the promise of a good tip resulted in an outstanding finish for $200.

The wheels are painted anthracite (gunmetal), and are not as dark of a grey as they appear in the photos.










Here's what it looked like when I purchased it:


Finally. here's a short video showing what the Borla catback sounds like with a hardtop in place. Performance wise, I've only bumped to timing to 14* and added the exhaust. The audio is way off... that's YouTube, not me.

[video width=350 height=350:e98d525385]http://www.youtube.com/v/peJwl4lmL7U[/video:e98d525385]

So whaddya think?
 

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Discussion Starter #3
Thanks man.

It hasn't taken much money to get it to where it is now, but it's taken an assload of elbow grease.

Whoa, we can say 'assload' here, huh? Nice.
 

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what the?...how did you get a car that cheap in that condition? GEEZ lucky man.. all you gotta do is drop it and your car would look great...oh yeah paint the rest of the rim black...looks kinda out of place with the lip like that
 

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haha I'll post pics and a vid of my 94 soon. 90k original miles and I bought it cheaper than you.
 

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Discussion Starter #7
what the?...how did you get a car that cheap in that condition?
LOL, I guess I've always been good at bargain hunting. For example, in early '98 I bought a Classic Red '92 for $2200. The Miata had only been out for six years at that point. I recently snagged a hardtop for $600. You just gotta know where to look and how to play the game.

The car was actually pretty trashed when I bought it. Mechanically it was fine, but the car took a few days worth of detailing to get it to where it is now. As for the paint... Meguiars Paint Cleaner, Polishing compound, Meguiars Deep Crystal, followed by a coat or two of NXT. All by hand.

The car was actually filthy (not washed in over a week) when those pictures were taken.

all you gotta do is drop it and your car would look great...oh yeah paint the rest of the rim black...looks kinda out of place with the lip like that
I'm hesitant to drop it because I wanna stay e-stock legal. If I do drop it, it'll be with Tein Flex or Konis (with the adjustable perches).

I like the lip in silver, plus it was a bitch to get it like that. It's got a mirror finish now, so getting paint to stick would be pretty tough.
 

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haha I'll post pics and a vid of my 94 soon. 90k original miles and I bought it cheaper than you.
I bought a low mileage '92 back in '98 for $2200. Beat that. :wink:

You gotta fill me in... how is it that a 19 year old can afford nearly $100k worth of cars? And why would such a person be concerned with getting a good deal on a Miata?
 

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That is great looking factory silver paint!
 

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haha I'll post pics and a vid of my 94 soon. 90k original miles and I bought it cheaper than you.
I bought a low mileage '92 back in '98 for $2200. Beat that. :wink:

You gotta fill me in... how is it that a 19 year old can afford nearly $100k worth of cars? And why would such a person be concerned with getting a good deal on a Miata?

LMAO where did you get 100k from? My accord is a hand-me-down from parents(first car), My miata I bought for less than yours, and my G35 and FX are worth 60k togeather. Just look around at all the other kids who are 18 that have M3's(70k). LOL and even though I make good money i'm still going to buy everything at a bargain.
 

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Great looking car......And for for the money whoo hoo!! Just picked up a BRG m edition with hard top for 5k. Not a steal like yours but im happy... Any secret to painting those wheels?
 

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LMAO where did you get 100k from? My accord is a hand-me-down from parents(first car), My miata I bought for less than yours, and my G35 and FX are worth 60k togeather.
Well...

A modestly equipped 2006 FX35 retails for $45k (including CA sales tax).
A modestly equipped 2005 G35 coupe retailed for $39k (incl CA sales tax).
A 1996 Accord sells for about $5000 in good condition.
You purchased your Miata for less than me, so figure $1000.

Add the figures together and you get $90k, which is reasonably close to $100k.

Why did your parents give you a ten year old Accord when you make enough to afford two high end luxury cars?

IIRC, your MiataForum profile said that you work at BofA. One of the guys I work with in the reserves is an exec at BofA, and despite having an advanced degree, apparently does not make nearly as much money as you do. What position do you hold within the company that pays you well enough to afford these cars? How did you secure such a position at such a young age?

I'm curious because I am graduating next year and want to work on getting something lined up.
 

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LMAO where did you get 100k from? My accord is a hand-me-down from parents(first car), My miata I bought for less than yours, and my G35 and FX are worth 60k togeather.
Well...

A modestly equipped 2006 FX35 retails for $45k (including CA sales tax).
A modestly equipped 2005 G35 coupe retailed for $39k (incl CA sales tax).
A 1996 Accord sells for about $5000 in good condition.
You purchased your Miata for less than me, so figure $1000.

Add the figures together and you get $90k, which is reasonably close to $100k.

Why did your parents give you a ten year old Accord when you make enough to afford two high end luxury cars?

IIRC, your MiataForum profile said that you work at BofA. One of the guys I work with in the reserves is an exec at BofA, and despite having an advanced degree, apparently does not make nearly as much money as you do. What position do you hold within the company that pays you well enough to afford these cars? How did you secure such a position at such a young age?

I'm curious because I am graduating next year and want to work on getting something lined up.

Well to answer your question, My G35 is a lease it retailed for 39k but I got it for 32k that way my payments are cheaper. My FX35 I put about 1/3rd of the value down payment and the dealer dropped 6k from the sticker price because i'm a returning customer. I'm a business client specialist at B of A, to help you understand why I'm able to afford these cars.. the Accord has no expense as it sits around getting driven once a month, the miata is newly purchased, my sister drives the fx more than I do as well as splits the payment with me, and the G35 is about 400 a month. Put that all togeather thats about $700 worth of car payments, I make about 5 times that and living at home its easy. I'd appreciate it if we could stick to your thread about your new car instead of talking about my personal life. If you're looking for a position inside the bank I can help you out if you'd like.. and what type of exec is your buddy where hes not making enough? My managers direct supervisor makes more than 120k a year.
 

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My G35 is a lease
my sister splits the payment with me
living at home
Makes more sense now. Prior to going back to school, my ex-wife and I had a combined income in excess of $140k, and despite that we could certainly not afford to own high end cars. In fact, we both owned used cars at the time. But I suppose not having expenses such as a mortgage makes things a bit easier for you.

I'd appreciate it if we could stick to your thread about your new car instead of talking about my personal life.
Sure thing. In fact I expected you to respond offline anyway. You see, you have to expect some curiosity with a stable like that! :D

If you're looking for a position inside the bank I can help you out if you'd like.. and what type of exec is your buddy where hes not making enough?
I appreciate the offer. As for the friend (who is more of an associate, as he is an officer and I am still enlisted), he works with futures sales in SF. I do not know his exact title.

My managers direct supervisor makes more than 120k a year.
The standard rule of thumb is that the value of your cars should amount to approximately 26 weeks worth of net income. Basically this means that when financing one should spend no more than 1/2 of your net income on an automobile purchase. A 120k/yr income will result in a net of ~42k over 26 weeks. You can see why I was surprised to see your list of cars.

Anyhow, enough of this... it reminds me too much of schoolwork. Thanks for the compliment on the car... now lets see yours!
 

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The standard rule of thumb is that the value of your cars should amount to approximately 26 weeks worth of net income. Basically this means that when financing one should spend no more than 1/2 of your net income on an automobile purchase. A 120k/yr income will result in a net of ~42k over 26 weeks. You can see why I was surprised to see your list of cars.

Anyhow, enough of this... it reminds me too much of schoolwork. Thanks for the compliment on the car... now lets see yours!
Oh okay going by that I see why you'd be curious lol. I've sent my car to the body shop to get some bodywork done.. but I'll definately share some pics with you guys when I get it back.
 

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Very nice looking car =D> .I notice you have Eunos Roadster badges on the back,thats the first left hand drive one i have ever seen :wink: .
 
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