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The Galant is on its way to collectibility!


quasimondo
Running on Empty


Galant VR-4 org Post #: 283895 posted 12/09/05 03:40 PM     Remind Me!  Send Private Message   Edit Post      
So says Hemming's Sports & Exotic Car magazine. I just picked up a copy which had a beautiful orange Datsun 240Z on the cover, as well as coverage of the California Japanese Classic Car show that was held in Long Beach this summer.

They also had a list of 25 Japanese cars that the magazine staff listed as future collectibles. On the list was a few selections from Mitsubishi, including the Galant VR-4, 3000GT VR-4 Spyder, and the Starion. They did have some questionable picks, like the 1989-94 Nissan Maxima and the 1989-92 240SX and curiously left the MK4 Supra and Z32 300ZX off of the list.

They did, however misquote the production numbers, focusing only on the 1,000 that were produced in 92, and thought that we all purchased these cars to do our best Carlos Sainz impersonation (which is weird because Sainz never drove for Mitsubishi)



"This is my signature. There are many like it, but this one is mine."

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gvr4-27
Unregistered


Galant VR-4 org Post #: 283897 posted 12/09/05 03:44 PM     Remind Me!  Send Private Message   Edit Post      
pretty sweet, and ive got a 92!

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spooling92vr4
Yeah Toast! * Now with JELLY!!!
829/1000


Galant VR-4 org Post #: 283900 posted 12/09/05 03:57 PM     Remind Me!  Send Private Message   Edit Post      
awesome i have one of each.. too bad a modded gvr4 in 20 years isnt gonna be worth anything... good news, we can put collectable insurance on the cars for like 50 bucks a year



92 vr4 belize green # 829/1000....NOW RUNS! still needs tuning

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atc250r Galant VR4.org Moderator
Senior Ricer
1552/2000


Galant VR-4 org Post #: 283902 posted 12/09/05 04:01 PM     Remind Me!  Send Private Message   Edit Post      
Please GOD let me put cheap insurance on this stupid car!

John



"...if they're so into masochism, they should just really go all out and start modifying Mitsubishis. And using them as daily drivers." - Mike R.

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Josh Weaver
Unregistered


Galant VR-4 org Post #: 283904 posted 12/09/05 04:01 PM     Remind Me!  Send Private Message   Edit Post      
Not necessarily true. If the cars are modded well they will still retain some value. There's a few cars on here that have had some extreme detail put into their mods. (Harry, Cheeky (pending), Sam, etc.) I'm sure they'll retain some value.

-Josh

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spooling92vr4
Yeah Toast! * Now with JELLY!!!
829/1000


Galant VR-4 org Post #: 283907 posted 12/09/05 04:10 PM     Remind Me!  Send Private Message   Edit Post      
yes but if its a true collecters car, stock is where its worth the most.. know what i mean



92 vr4 belize green # 829/1000....NOW RUNS! still needs tuning

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atc250r Galant VR4.org Moderator
Senior Ricer
1552/2000


Galant VR-4 org Post #: 283910 posted 12/09/05 04:15 PM     Remind Me!  Send Private Message   Edit Post      
Who cares? Give me cheap insurance NOW!!

John



"...if they're so into masochism, they should just really go all out and start modifying Mitsubishis. And using them as daily drivers." - Mike R.

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Garfield Wright
Unregistered


Galant VR-4 org Post #: 283915 posted 12/09/05 04:28 PM     Remind Me!  Send Private Message   Edit Post      
I'm glad I have full coverage on my car. I can't wait to see what the market is going to be like when we can get collectible plates & the recognition we deserve from the collectible insurance companies.

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logick
Unregistered


Galant VR-4 org Post #: 283923 posted 12/09/05 04:50 PM     Remind Me!  Send Private Message   Edit Post      
Quote:

yes but if its a true collecters car, stock is where its worth the most.. know what i mean




you'd be rich if you can find one of the 6 or so stock ones left in a few years!!

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jogalant
jobidet
1892/2000


Galant VR-4 org Post #: 283925 posted 12/09/05 04:57 PM     Remind Me!  Send Private Message   Edit Post      
Regardless if they're modded or not. Unless our cars are full of bullet holes and unless we start importing them from abroad just to feed the collectors, there are so few in this country we'll all fetch a pretty penny, stock examples more of course.



1892/2000




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G Galant VR4.org Moderator
JDM Unit
486/1000


Galant VR-4 org Post #: 283959 posted 12/09/05 07:05 PM     Remind Me!  Send Private Message   Edit Post      
Quote:

yes but if its a true collecters car, stock is where its worth the most.. know what i mean




exactly, especially if you have the original block in it still.



www.japanesenostalgiccar.com
www.nostalgic.co.jp

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fastasleep
I love first-timers.
197/2000


Galant VR-4 org Post #: 283974 posted 12/09/05 08:00 PM     Remind Me!  Send Private Message   Edit Post      
What fun is a stock Galant VR-4 in 20 years?


Edited by fastasleep (12/09/05 11:02 PM)

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turbowop
Hard Snarker
1051/2000



Galant VR-4 org Post #: 283976 posted 12/09/05 08:08 PM     Remind Me!  Send Private Message   Edit Post      
What fun is a stock '57 Chevy now? My stepdad is just finishing the frame off restoration of his '56 2door BelAir post. He's gonna sell it when it's finished because he's bored with it. He's also finishing the frame off restoration of his '56 Chevy pick up, which is hot-rodded with all sorts of crazy shit. He's keeping that one, because it'll be fun.

The only thing you can do with fully original restored cars is take them to shows where they're judged on authenticity, numbers, cleanliness, etc. That or stick it in a museum. Sure they're worth more, but...

I'm gonna keep modding and driving my car. It's too much fun.



-Mark

A face only a grocery shopper could love.
1051

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number3
Senior Member


Galant VR-4 org Post #: 283982 posted 12/09/05 08:18 PM     Remind Me!  Send Private Message   Edit Post      
Quote:

I'm glad I have full coverage on my car. I can't wait to see what the market is going to be like when we can get collectible plates & the recognition we deserve from the collectible insurance companies.




I have been trying for years to get collectible car insurance. I hope this changes things.



Harry
Three-speed.com
---------------------------
Pictures here

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JNR
5 star (English Professor) member Has extensive pop up picture book collection
20/1000


Galant VR-4 org Post #: 283983 posted 12/09/05 08:31 PM     Remind Me!  Send Private Message   Edit Post      
^^have you tried an 'agreed upon value' insurance? I was told by my agent (Mercury, my insurance co.) I could get this, but I have yet to get up there to get it rolling...Gonna do the same thing with the Chevelle if I ever get that darn thing back together

The problem with collector car insurance is you're real limited (in alot of cases) to mileage, where you park and so on...

I need to get mine covered here soon! I already had somebody try to steal the Jeep (almost got it, but it was louder than they thought or something), but least it's covered...


Edited by JNR Design (12/09/05 08:37 PM)

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number3
Senior Member


Galant VR-4 org Post #: 284000 posted 12/09/05 09:41 PM     Remind Me!  Send Private Message   Edit Post      
I meet the mileage and garage rule the collector guy require. They just don't feel a Galant VR4 is a collectors car. They feel the same way about my Monster Miata as well.

It is Asian import car discrimination.



Harry
Three-speed.com
---------------------------
Pictures here

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RTSGVR-4
Unregistered


Galant VR-4 org Post #: 284007 posted 12/09/05 10:26 PM     Remind Me!  Send Private Message   Edit Post      
toyota alltracs qualify for collectible insurance, so we should too. your company must be pretty gay

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blacksheep
Baraqsheep
205/1000


Galant VR-4 org Post #: 284008 posted 12/09/05 10:27 PM     Remind Me!  Send Private Message   Edit Post      
As the Great ken Inn would say " Its a racial thing"



1992 Galant VR-4. 205/1000. Nile Black. Sunroof.

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fastasleep
I love first-timers.
197/2000


Galant VR-4 org Post #: 284011 posted 12/09/05 11:00 PM     Remind Me!  Send Private Message   Edit Post      
Quote:

I'm gonna keep modding and driving my car. It's too much fun.




werd. My point exactly.



Ben
197, Evo 3 Powered
Isaiah 43:4

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JNR
5 star (English Professor) member Has extensive pop up picture book collection
20/1000


Galant VR-4 org Post #: 284014 posted 12/09/05 11:13 PM     Remind Me!  Send Private Message   Edit Post      
Quote:

I meet the mileage and garage rule the collector guy require. They just don't feel a Galant VR4 is a collectors car. They feel the same way about my Monster Miata as well.

It is Asian import car discrimination.




That's interesting and a shame at the same time...What they should be focused on is the fact of the machine and its (replacement) value vs. what type of driver and 'risk' is posed...'course, nothing is that simple or logical these days...Do they consider a Grand National or say a 20th anniversay T/A a 'collector's car'?

I haven't looked into this deeply, but plan to get some form of full coverage/fair value in the near future...the problem is, I have all these little things on the car that I want to square away first, 'cause I plan to justify it one way or the other to them


Edited by JNR Design (12/09/05 11:14 PM)

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number3
Senior Member


Galant VR-4 org Post #: 284041 posted 12/10/05 06:55 AM     Remind Me!  Send Private Message   Edit Post      
Quote:

toyota alltracs qualify for collectible insurance, so we should too. your company must be pretty gay




It is not 'my' company. My car insurance company on my daily drivers is Erie. And they cover my non daily drivers and give me a break on the rates for the low mileage but I want true collectors coverage.

I have tried all the specialty insurance companies over the years and they simply stop listening to you once you say Mitsubishi or Mazda. "We prefer to cover muscle cars and exotics, true collector cars..."

I even have a friend in the business and still no luck to this point. I haven't retried in the last 8 months or so. Maybe I will try another round of phone calls.

I was hoping that once imports dominated the industry, things would change, but looking at the cars at SEMA this year it appears that imports have lost a lot of ground over the last 12 months. The booths started showing a lot domestics again.

If anyone has heard different or has any real insider tips please let me know.

Both my cars in question are driven under 1,500 miles a year (not a typo) and are garaged all year round.



Harry
Three-speed.com
---------------------------
Pictures here

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LT4mula
Unregistered


Galant VR-4 org Post #: 284088 posted 12/10/05 11:01 AM     Remind Me!  Send Private Message   Edit Post      
ummmmm my car was bone stock about a week ago...


Quote:

I was hoping that once imports dominated the industry, things would change, but looking at the cars at SEMA this year it appears that imports have lost a lot of ground over the last 12 months. The booths started showing a lot domestics again.




from my perspective... (which I think is very skewwed) I think, hope, that the industry is starting to change to cars that are worth a shit, regardless of import or domestic... I hate nothing more then a econobox that is dressed up as a sports car... I've been seeing the quick cars running with the quick cars, and that is where I hope it is going.

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gvr4ever
Forever Member
347/1000


Galant VR-4 org Post #: 284097 posted 12/10/05 11:36 AM     Remind Me!  Send Private Message   Edit Post      
I've never wanted or counted on my car to really be a true collectable, but I never liked how they have become so cheap. I think a non rusted GVR4 with a solid clear coat, leather in good shape, mechanicly fit, should hold as much value as a Celica All Trac or a MR2 or something. I don't have any current plans to sell my car, but if I had too, I think it would be hard to get 6K for it. That's pretty much worthless with the list of new parts I have and what the car can do overall.



1992 Nile black w/sunroof
15xK miles. 2nd owner since 1998

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464/2K
<3s Rance and self distrusts
464/2000
1025/2000
553/1000


Galant VR-4 org Post #: 284102 posted 12/10/05 12:06 PM     Remind Me!  Send Private Message   Edit Post      
i think we should all rebel and only sell our cars for 6k, nothing less.



_Ricky-
464/2000-sunroof
'95 Lancer Evolution III

2005 Mitsubishi Lancer Evolution VIII
"Give a man a fish and you feed him for a day. Teach a man to fish and you feed him for a lifetime"

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JDMvelocity
Unregistered


Galant VR-4 org Post #: 284110 posted 12/10/05 12:34 PM     Remind Me!  Send Private Message   Edit Post   
my car is still stock for now that is bought it stock from original owner

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