Welcome to the North American Subaru Impreza Owners Club Tuesday January 19, 2021
Home Forums Images WikiNASIOC Products Store Modifications Upgrade Garage
NASIOC
Go Back   NASIOC > NASIOC General > General Community

Welcome to NASIOC - The world's largest online community for Subaru enthusiasts!
Welcome to the NASIOC.com Subaru forum.

You are currently viewing our forum as a guest, which gives you limited access to view most discussions and access our other features. By joining our community, free of charge, you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is free, fast and simple, so please join our community today!

If you have any problems with the registration process or your account login, please contact us.







* As an Amazon Associate I earn from qualifying purchases. 
* Registered users of the site do not see these ads. 
Reply
 
Thread Tools Display Modes
Old 12-08-2020, 05:47 PM   #1
drave199
Scooby Newbie
 
Member#: 500229
Join Date: Apr 2019
Vehicle:
2007 WRX

Default Need advice - VERY low mile 2013 STI Hatchback

So I have a 2007 WRX that I have been looking to upgrade from. I have been searching for a low mile 2011-2014 STI Hatchback as this was/is my dream car since they came out in 2011. I found one at a used car dealership that supposedly specializes in buying/selling rare low mile cars. Actually has very good reviews.

Its a 2013 STI Hatchback with 1,939 miles! Its in mint condition. Really seems to good to be true but it has a clear title and clear carfax. Apparently he bought it from the original owner that obviously never used it in addition to a stock pile of other cars he had. I mean, everything seems legit. The issue I have and the reason I'm asking for advice is his asking price. He wont budge off his $44,900 price! This is 12K over book value. I know these cars are sought after and I'm sure it'll be rare some day but this just seems ridiculously high. I would expect to pay over book value but this seems egregious.

I just want some advice from those of you who have been in the Subi community longer than I have. Is this guy crazy or am I? or somewhere in between?

Thanks
* Registered users of the site do not see these ads.
drave199 is offline   Reply With Quote
Sponsored Links
* Registered users of the site do not see these ads.
Old 12-08-2020, 05:51 PM   #2
cdska
Scooby Newbie
 
Member#: 458809
Join Date: Nov 2016
Chapter/Region: NESIC
Location: Boston
Vehicle:
2005 wrx wagon

Default

Way too much. Will need 60k/90k/105k as soon as you buy it too as well as other maintenance, regardless of mileage. You'd be so much better off buying one with 100k miles for well under half of that.

As also stated, it's ultimately up to you and what it's worth to you. To me, not worth it.

Last edited by cdska; 12-08-2020 at 05:57 PM.
cdska is offline   Reply With Quote
Old 12-08-2020, 05:53 PM   #3
Plecain
Scooby Newbie
 
Member#: 453598
Join Date: Aug 2016
Chapter/Region: NESIC
Location: In reality
Vehicle:
2017 WRX Base
Red

Default Make an offer

Offer what you think it's worth (to you). The owner can just say 'no'. That doesn't cost you anything.

My son just had to have a Civic R, so he offered over MSRP but under the asking price for it.
He's happy with his purchase and what he paid.
Plecain is online now   Reply With Quote
Old 12-08-2020, 05:57 PM   #4
lefty o
Scooby Newbie
 
Member#: 512654
Join Date: Mar 2020
Vehicle:
2019 wrx
red

Default

oh HELLLL no! well, maybe if you have donald trump kind of pocket change, but for normal people, NO!
lefty o is offline   Reply With Quote
Old 12-08-2020, 06:02 PM   #5
drave199
Scooby Newbie
 
Member#: 500229
Join Date: Apr 2019
Vehicle:
2007 WRX

Default

Quote:
Originally Posted by cdska View Post
Way too much. Will need 60k/90k/105k as soon as you buy it too as well as other maintenance, regardless of mileage. You'd be so much better off buying one with 100k miles for well under half of that.

As also stated, it's ultimately up to you and what it's worth to you. To me, not worth it.
So it you think it would need all those major services right off the bat? I mean I'd be all over it for 35K but really no more than that.
drave199 is offline   Reply With Quote
Old 12-08-2020, 06:06 PM   #6
cdska
Scooby Newbie
 
Member#: 458809
Join Date: Nov 2016
Chapter/Region: NESIC
Location: Boston
Vehicle:
2005 wrx wagon

Default

Quote:
Originally Posted by drave199 View Post
So it you think it would need all those major services right off the bat? I mean I'd be all over it for 35K but really no more than that.
Well it's a seven year old car with no usage. Things that have not had the opportunity to wear out are now complimented by non-usage, so dry rotting of rubber components etc. Timing as I'm sure you know is extremely important on these motors and if the belt is not in good shape or the tensioner is no longer good etc could cause catastrophic failure. If it were me I would want to go over basically everything on the car.
cdska is offline   Reply With Quote
Old 12-08-2020, 06:08 PM   #7
drave199
Scooby Newbie
 
Member#: 500229
Join Date: Apr 2019
Vehicle:
2007 WRX

Default

Yeah I think he is high. Id be all over it for like 35k but he's hell bent on holding firm on that price. He gave me the salesman spiel that he's had other offers over 40K but wasn't enough. Its supposedly going to be put to an auction this coming weekend. This tells me he probably hasn't had much interest at that price.
drave199 is offline   Reply With Quote
Old 12-08-2020, 06:11 PM   #8
cdska
Scooby Newbie
 
Member#: 458809
Join Date: Nov 2016
Chapter/Region: NESIC
Location: Boston
Vehicle:
2005 wrx wagon

Default

Quote:
Originally Posted by drave199 View Post
Yeah I think he is high. Id be all over it for like 35k but he's hell bent on holding firm on that price. He gave me the salesman spiel that he's had other offers over 40K but wasn't enough. Its supposedly going to be put to an auction this coming weekend. This tells me he probably hasn't had much interest at that price.
Well I doubt anyone else is doing to steal it from under you for his asking price. You'd probably get a better deal if he does resort to auctioning
cdska is offline   Reply With Quote
Old 12-08-2020, 07:02 PM   #9
Mulder
Trust no one
Moderator
 
Member#: 11170
Join Date: Oct 2001
Chapter/Region: Tri-State
Location: NYC
Vehicle:
02 RAV4 MT
15 WRX/11 CRZ

Default

Not an investment vehicle, not worth anywhere close to that.
Maintenance schedules are based on time and/or mileage whichever comes first, so yes it does need all those services as well as a full independent pre-purchase inspection.
Let's say you actually bought it, would you actually drive it or keep your precious "investment" in the garage to continue rotting away from disuse?
Leave this one to the lucky auction winner and look for one with more typical mileage and a more sensible price. Of course the PPI and maintenance requirements still apply.
Mulder is offline   Reply With Quote
Old 12-08-2020, 07:14 PM   #10
Jack
Add Lightness
Moderator
 
Member#: 13699
Join Date: Dec 2001
Chapter/Region: NESIC
Location: Hopkinton, MA
Vehicle:
2020 Goodbye
#fakeleader

Default

The Fukushima effect is over. That's what drove Subaru prices up, not because they were rad or awesome or had some value. I got a quote from Manchester Subaru for a 14 STi hatch limited with nav when new and it was many thousands less than this car with no warranty or services due because of time (incl the timing belt). Buy a new one for less money. This isn't a Challenge Stradale.
Jack is offline   Reply With Quote
Old 12-08-2020, 08:01 PM   #11
drave199
Scooby Newbie
 
Member#: 500229
Join Date: Apr 2019
Vehicle:
2007 WRX

Default

Thanks guys for the advice. I think I'm going to email him and let him know I think his price is ludacrous and good luck to him. I understand the maintenance part for sure but even so, if his price was more reasonable I'd still consider buying it. There's just something about the hatch that gets me. Ill continue my search, I just want to find one closer to home. I did find a great one but its about 2600 miles away lol.

With all these juices flowing, I started thinking of a brand new one. My original plan was to wait till my truck is paid off and get a 2022. I'm just waiting till Subaru comes out with the information on the new engine and see what it looks like with the new body style.
drave199 is offline   Reply With Quote
Old 12-08-2020, 09:05 PM   #12
Mr. Boost
Scooby Newbie
 
Member#: 520001
Join Date: Nov 2020
Location: Canada
Vehicle:
2018 WRX
WRB

Default

Would have to agree with everyone else here, that price is ridiculous. Looking at completed auctions on Bring a Trailer, it doesn't look like they've ever sold a Subaru for that kind of money. If you're patient, you'll find a clean STI hatch sooner or later.
Mr. Boost is offline   Reply With Quote
Old 12-09-2020, 01:37 PM   #13
krenberry
Scooby Newbie
 
Member#: 394464
Join Date: Jun 2014
Chapter/Region: NESIC
Location: New Britain, CT
Vehicle:
2016 WRX catless lol
6MT Crystal Black Silica

Default

Limited or nah???
I'm sure someone somewhere (hatch-lover) will pay 45k for that! Its certainly tempting even to me (non-hatch lover).
Better come with lightning red color (pretty sure only '11-'12 are available in red tho), all maintenance/inspections recently completed with proof, and a 100% solid gold shift knob.
krenberry is offline   Reply With Quote
Old 12-09-2020, 03:00 PM   #14
Dave D.
NASIOC Supporter
 
Member#: 130990
Join Date: Nov 2006
Chapter/Region: NWIC
Location: Menzel Lake, WA
Vehicle:
06 Red Ltd.Wagon
Dom 1.5xtr JJ tuned

Default

If the car gets wrecked or stolen no insurance company will pay you anywhere near that. And I don't think any bank would finance even half of it. I concur with others: buy a new one!
Dave D. is offline   Reply With Quote
Old 12-09-2020, 03:36 PM   #15
drave199
Scooby Newbie
 
Member#: 500229
Join Date: Apr 2019
Vehicle:
2007 WRX

Default

Quote:
Originally Posted by krenberry View Post
Limited or nah???
I'm sure someone somewhere (hatch-lover) will pay 45k for that! Its certainly tempting even to me (non-hatch lover).
Better come with lightning red color (pretty sure only '11-'12 are available in red tho), all maintenance/inspections recently completed with proof, and a 100% solid gold shift knob.
Its just the STI trim. Pretty sure the hatchback didn't have a limited trim, only the sedan. It just sucks that its being sold by some used car guy who is clearly misinformed and a bit delusional. Ill be it'll sell a month from now for like 36K when he finally realizes know will give him 45K. If he'd come down to like 34-35K id seriously consider it but he's pretty dead set he's right on that "this car is worth this much". Which, your right, I'm sure there's someone out there that thinks the same and will buy it.
drave199 is offline   Reply With Quote
Old 12-09-2020, 03:43 PM   #16
rtv900
Scooby Guru
 
Member#: 428511
Join Date: Aug 2015
Location: philadelphia
Vehicle:
2016 STI

Default

Quote:
Originally Posted by Dave D. View Post
If the car gets wrecked or stolen no insurance company will pay you anywhere near that. And I don't think any bank would finance even half of it. I concur with others: buy a new one!
^right here

Plus, sounds like OP would actually be driving it, so in about 2 months the value would drop 50-60%.

Interesting, a friend of mine has a 2004 STI that he keeps on a lift with less than 1,000 miles on it, and we were just talking about it this past weekend. We both agreed in about 10-20 years it will begin appreciating like a collector car, and that is a full decade prior to the one in this thread.
Right around the 30-40 year age range is where that thinking becomes rational.

Asking 20% more than new for a 7 year old car is just downright foolish, and the ONLY way one could consider it is if you planned on storing it.
The salesman is saying it is going to auction to get an impulse buy.
He's lying.
rtv900 is online now   Reply With Quote
Old 12-09-2020, 03:49 PM   #17
Stretch18
Scooby Specialist
 
Member#: 239822
Join Date: Mar 2010
Chapter/Region: South East
Location: America's Penis
Vehicle:
2010 WRX
pandiculation

Default

Quote:
Originally Posted by rtv900 View Post
The salesman is saying it is going to auction to get an impulse buy.
He's lying.
Maybe there's another guy coming back tomorrow to buy it...
Stretch18 is offline   Reply With Quote
Old 12-09-2020, 04:08 PM   #18
drave199
Scooby Newbie
 
Member#: 500229
Join Date: Apr 2019
Vehicle:
2007 WRX

Default

Quote:
Originally Posted by rtv900 View Post
^right here

Plus, sounds like OP would actually be driving it, so in about 2 months the value would drop 50-60%.

Interesting, a friend of mine has a 2004 STI that he keeps on a lift with less than 1,000 miles on it, and we were just talking about it this past weekend. We both agreed in about 10-20 years it will begin appreciating like a collector car, and that is a full decade prior to the one in this thread.
Right around the 30-40 year age range is where that thinking becomes rational.

Asking 20% more than new for a 7 year old car is just downright foolish, and the ONLY way one could consider it is if you planned on storing it.
The salesman is saying it is going to auction to get an impulse buy.
He's lying.
What is he lying about? Sorry just didn't follow. I wouldn't be surprised if he puts a reserve on it of 45k and hopes someone is dumb enough to bit over that. But like I said, I wouldn't be surprised if he has a reality check at some point.

I don't think I'd have an issue getting a loan, probably would need a down payment. Insurance should be fine as that based on book value right? Regardless, there's a 99% chance this isn't happening so doesn't much matter.
drave199 is offline   Reply With Quote
Old 12-09-2020, 04:14 PM   #19
drave199
Scooby Newbie
 
Member#: 500229
Join Date: Apr 2019
Vehicle:
2007 WRX

Default

Quote:
Originally Posted by Stretch18 View Post
Maybe there's another guy coming back tomorrow to buy it...
Right lol - there's always someone coming to look at it thats offered more
drave199 is offline   Reply With Quote
Old 12-09-2020, 06:12 PM   #20
Jack
Add Lightness
Moderator
 
Member#: 13699
Join Date: Dec 2001
Chapter/Region: NESIC
Location: Hopkinton, MA
Vehicle:
2020 Goodbye
#fakeleader

Default

Quote:
Originally Posted by drave199 View Post
Its just the STI trim. Pretty sure the hatchback didn't have a limited trim, only the sedan.
The STi hatch did indeed have a limited trim. Pretty sure I talked about my looking at one with nav in 14 and my price quoted new was many thousands less than this clown is asking.

Let it go to auction. It'll either not meet the reserve or it'll sell for 33k.
Jack is offline   Reply With Quote
Old 12-09-2020, 06:34 PM   #21
drave199
Scooby Newbie
 
Member#: 500229
Join Date: Apr 2019
Vehicle:
2007 WRX

Default

Quote:
Originally Posted by Jack View Post
The STi hatch did indeed have a limited trim. Pretty sure I talked about my looking at one with nav in 14 and my price quoted new was many thousands less than this clown is asking.

Let it go to auction. It'll either not meet the reserve or it'll sell for 33k.
I know the WRX had the limited hatchback everything I read listed the STI limited was only the sedan. But the internet could be wrong
drave199 is offline   Reply With Quote
Old 12-10-2020, 11:08 AM   #22
rtv900
Scooby Guru
 
Member#: 428511
Join Date: Aug 2015
Location: philadelphia
Vehicle:
2016 STI

Default

Quote:
Originally Posted by drave199 View Post
What is he lying about? Sorry just didn't follow.
he's lying that it is going to auction "immediately" after you turn it down.
I mean come on, what auction.

Hell, call his bluff and ask what auction and say you want to go. If he isn't completely full of crap he'll have that answer in 2 seconds.
If he is full of crap he'll hemm and haww and pretend he isn't sure and he'll get back to you.
rtv900 is online now   Reply With Quote
Old 12-10-2020, 11:58 AM   #23
lefty o
Scooby Newbie
 
Member#: 512654
Join Date: Mar 2020
Vehicle:
2019 wrx
red

Default

if you really want the car, make 1 fair offer, leave him your phone #, and walk away.
lefty o is offline   Reply With Quote
Old 12-10-2020, 12:00 PM   #24
Wayne Suhrbier
Scooby Newbie
 
Member#: 144044
Join Date: Mar 2007
Chapter/Region: South East
Location: Alabama
Vehicle:
2006 STI
OBP

Default

I can't remember where I saw the comparison numbers between collectable car appreciation and the stock market increases, but the stock market wins hands down. Take the 40k and put in in any index fund and in 10 years you can buy an 80k car or break even (maybe) on an sti.
Wayne Suhrbier is offline   Reply With Quote
Old 12-10-2020, 12:58 PM   #25
rtv900
Scooby Guru
 
Member#: 428511
Join Date: Aug 2015
Location: philadelphia
Vehicle:
2016 STI

Default

Quote:
Originally Posted by Wayne Suhrbier View Post
I can't remember where I saw the comparison numbers between collectable car appreciation and the stock market increases, but the stock market wins hands down. Take the 40k and put in in any index fund and in 10 years you can buy an 80k car or break even (maybe) on an sti.
Plus, we're not talking about a collector car here
we're talking about a 2013 subaru that has depreciated every year for 7 years now and the idiot salesman thinks it's the first car ever made to have completed a collector car depreciation/appreciation cycle in less than 30 years by a margin of 23 years
rtv900 is online now   Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump

All times are GMT -4. The time now is 08:41 AM.


Powered by vBulletin® Version 3.7.0
Copyright ©2000 - 2021, Jelsoft Enterprises Ltd.
Powered by Searchlight © 2021 Axivo Inc.
Copyright ©1999 - 2019, North American Subaru Impreza Owners Club, Inc.

As an Amazon Associate I earn from qualifying purchases.