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RL411 prices?


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Getting tired of saying this, but go to www.nadaguides.com/classic-cars/1967/nissan-datsun/411/4-door-sedan/values.  Assuming you are lusting after a sedan.  If station wagon, use your imagination, the changes to the web site address aren't that mysterious!  Caution, no allowance for SSS engine, badging, radio or manual versus automatic transmission.

 

Recent retail price quotes on this NADA site range from $1620 to $11,000 depending on condition which is outlined in the fine print of the NADA site.

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Seems to me that NADA prices for classic cars are hit and miss, with a lot more misses than hits. It shows a '71 510 2-door sedan in the same condition at under $8k.

 

There were a LOT more 1971 510s produced than 1967 RL411s!  Scarceity drives desirability.  Fewer cars produced, more bidders equals a higher price.  By the way, the NADA site prices are for what the dealer thinks the car could be sold for, not what the dealer would offer for it if you drove it into the dealership!  The low ball price is probably what you would be talking about so think half of that for a trade-in.  The dealer has to make a profit or go out of business.  I personally was offered a cash on the spot for substantially more than the top NADA price for my car at the 2013 JCCS show just because the Japanese buyer had bought one of my year 411s as the first car he had bought after getting his Japanese drivers license, so it's a sellers market for antique Japanese cars.  It's worth what the willing buyer is willing to pay and what the seller is willing to accept on any specific day.

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There were a LOT more 1971 510s produced than 1967 RL411s!  Scarceity drives desirability.  Fewer cars produced, more bidders equals a higher price.  By the way, the NADA site prices are for what the dealer thinks the car could be sold for, not what the dealer would offer for it if you drove it into the dealership!  The low ball price is probably what you would be talking about so think half of that for a trade-in.  The dealer has to make a profit or go out of business.  I personally was offered a cash on the spot for substantially more than the top NADA price for my car at the 2013 JCCS show just because the Japanese buyer had bought one of my year 411s as the first car he had bought after getting his Japanese drivers license, so it's a sellers market for antique Japanese cars.  It's worth what the willing buyer is willing to pay and what the seller is willing to accept on any specific day.

 

My point is that $8k is extremely low for a 510 in that condition. As far as scarcity, that is true to an extent but I'd argue that the 510 is the more sought after car in the current market. There may have been a lot more of them produced, but they also have a much larger following. I'm not knocking the 411 - I considered one myself - just that those NADA prices often don't reflect what's actually going on in the market.

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