Yes, you read that right. $65,000 is the asking price of this 1987 Corolla GT-S located in Canton, Ohio. The seller clearly realizes the rarity of an unmolested AE86:
“So your neighbor has a Gold Plated Lambo too? Don’t have to worry about him pulling up in this. Facing extinction, this may be the most original, documented, and functional AE86 GTS in existence.”
Damn, don’t tell him that Medium Gray Metallic is an ultra-rare color offered for only one year!
So here’s the deal. If you’re willing to shell out 65 large for an AE86 you probably don’t care about the fact that it’s missing the original stereo or its mileage (147,000-ish). What you do care about is nabbing one of the last original AE86s in the country before an overzealous Formula D fan slides it into a wall.
Yes, the price is outlandish for 2013, but we do believe mint, original hachirokus will be commanding five-digit figures by the end of the decade.
The most difficult thing to find, other than an unmolested AE86 itself, is one with a good interior. Being a northern car, its dashboard and rear seat tops remain uncracked. The seller says it’s been stored in a heated garage.
The engine bay still looks immaculate and all the original pieces — the intake snorkel, brace for the cruise control line, and even the rubber cap for the idle adjustment screw are present and accounted for.
Even the cardboard disc for the spare tire looks pretty flat, despite some signs of water staining. Most have been warped with use or simply from having heavy stuff heaped on top of it.
It is also fully documented and comes with the original window sticker. We don’t believe the seller is truly trying to score the price of a brand new Lexus GS450h. More likely the ad is just a feeler and they’re willing to entertain offers from serious collectors for a very rare and sought-after machine. See the ad on AutoTrader. What do you JNCers think is a reasonable price for this gem?
I guess the doomsayers prognostications about hyperinflation have finally come true! That’s the only explanation I can come up with for a high mileage 1987 4 cylinder Toyota being worth $65k. However, if hyperinflation has not yet hit, the reality is that the decimal point was probably misplaced. It’s a neat car, but not that neat.
While it is a VERY nice hachi, a real time capsule deserving preservation it’s not anywhere near worth that much money.
This reminds me of a bloke here in Australia trying to sell a very tidy but nowhere near original Mitsubishi Starion (it’s not even a wide body) for $49,000AUD.
I mean, I love classic mitsus but that’s just stupid, and so is this 86.
I’ll give 3K…..no more, no less.
No one will pay $65,500.
It must be a typo.
God, that AE86 is gorgeous, don’t want it wrecked.
Besides a feeler for offers or a typo, there’s also the possibility that the owner’s wife wants him to sell it. “I tried, honey, I tried…”
A friend once did that with his 935 twenty years ago. He was asking $60,000 then, more than what anyone would pay at the time. At that price these days, of course, his wife would have that boat she wanted…
By the way, $65,000 will buy a LOT of trips to Japan, where original AE86’s aren’t that rare. With money left over for purchasing and shipping.
It’s not at that price yet. Give it 20 more years and you get to the point where people will be restoring heavily modified versions and bringing them close to stock. If any still survive at that point…
Very nice original condition…… at 147k for 65k! No way maybe if it was around 50k miles then price may be reasonable but for 65k no no no I’d say best price is 20 grand tops
Actually 20 grand is being verrrrryyyyyyy generous..
The most I would ever pay is 10k, which would be around the price to go to japan for 3-4 days, get a translator, find a Hachi I like, but it and ship it to Cali, get all the inspections it needs, and the gas/food money for everything in between and driving cross country to my home.
Actually, that would probably be around 8k, but those two extra grand would be spend on convenience.
i have always felt that,even with the large numbers produced, that the ae-86 would become collectible. 1 owner,original cars are becoming rarer and more valuable .is it time to sell,or is this like selling a ferrari gto someone bought in 1965 for 12 k and sold a few years later,for 7k ? i have raised the price from 12 to 15k recently and expect 20 over the next couple of years, if i keep it.
Does the house and garage come with it?
this is ridic. that’s almost 30x what i paid for mine 5 years ago and it’s not 30x nicer. it wouldn’t cost nearly that much to find a decent one and restore it to the same level as this guys car. is this guy’s car one of the nicer examples i’ve seen? absolutely. is that a realistic price at this time? absolutely not.
although this is MAYBE a 10k corolla this day and age, check out that sweet oil pressure! must’ve been very well cared for so at least that’s a good sign
i would pay that price for this car. not gonna lie. its collectible as hell. plus these record prices will raise the price across the board for everyone else with a jnc.
True, but it will also kick a lot of the people who play with them today out of the market. Part of the appeal of JNCs is that they offer a good value for money in the classic car sphere because the general snobbery of the mainstream collector car marketplace doesn’t consider them equal to similar (but less reliable) European makes. If that changes, then many of the people on working class incomes who play in the JNC sphere will be priced out of the market, and the general vibe of the hobby will change. Sorry, but I won’t pay the sort of silly prices that Porsche 356s and Alfa Romeo Gulias get for an AE-86 or 510. I think they are absurd for the market of the European cars and would think the same if they were applied to similar Japanese cars.
1 too many zeros
And this is why I drive Isuzus. At some point they will become desirable and expensive, but for now I will just buy them up at their rock bottom prices. 🙂 Toyota is too rich for my blood.
BTW, those people out there that boast, “this is the cleanest XXX car in the country, you’ll never find another like it!” are full of BS. Just when you think you have the nicest car out there, someone else pops up with a cleaner, lower mileage, more original car than yours. And just when you think you will never find a XXX car with under 80,000 miles in bone stock, clean condition, one pops up somewhere. They ARE out there. Waiting and finding and affording one of whatever car you are looking for is another story…
This is too true…
i’d love to hear this prick explaining the value of the car to the police and his insurance agent when it gets stolen out of his driveway.
Weird. I just seen a bone stock one at the hardware store today. Black, but not near as nice. Faded paint, no rust and the driver seat had some wear. The old guy driving it probably bought it new as a fun car that would save on gas.
Which state are you from? BTW, I hope you left a note!
Kansas. The no rust part was most surprising as these cars get eaten by the road salt here.
Funny, i thought it was a parking ticket and chucked it into the trash.
People always think their car is worth more money than what it is… I know a collector in Arizona that has one and only has 954 miles on it, all original down to the battery! He laughed when I showed him this post.
Woah.. please say you have pictures of this?
Did these rims come stock on AE86’s?
Yes sir, they did.
http://www.classiccarstodayonline.com/wp-content/uploads/2012/06/Toyota-1987-Corolla-GT-S-tiwn-cam-a1.jpg
Oh, the article with no contact / author information that blatantly ripped off 2 pictures of my old SR5 haha. Always wanted to contact them and say something about it but never could find a way to..
Really?! Not in the US. Not even a more money than brains Saudi Prince would pay that!!!
Granted its super clean & unmolested, 65K is just plain ridiculous. SMDH with crazy laughter.
has to be a typo
I paid only $500 for a red one nearly in the same condition not so long ago, I guess I can post mine for a bargain price of $50K hahaha
original condition 1 owner cars never modified are increasingly rare. i actually have been to japan and discussed with dealers about getting their old cars over here.it’s true that they have taxes that encourage junking cars every 3 years but some dealers specialize in ae-86, just as some do in mini-coopers.the prices get high because of shipping and many taxes. engines are easier,but still require paperwork. of course, the 65 is too soon . maybe in a few years, when japanese cars get the same interest that ferraris did for a couple of decades. those owners are dying and a new generation remembers toyotas,mazdas and datsuns,as well as acuras etc. younger collectors want reliable cars to drive and decades old japanese cars provide that,unlike,say,old jaguars.