For years or even decades after their initial purchase, Toyotas have a reputation for maintaining their value. The Toyota Supra, on the other hand, is an example of a vehicle that is now worth more than it did when it was first introduced.
There are a few factors that might be blamed for this price increase, but supply and demand are likely the most important. You can find out what we mean by searching for “1998 Toyota Supras for sale” on Google. Everyone appears to desire one, but they are exceedingly hard to find. Over the past few years, this has increased the price of a car that was already valued.
The 1998 Toyota Supra’s initial MSRP ranged from $31,000 to just over $40,000. Depending on whether you chose the ordinary automatic, sport roof automatic, sport roof turbo automatic, or sport roof turbo manual, there was a pricing difference.
The cheapest price we could find for a 1998 Toyota Supra is now almost twice as much as it cost new. However, the price becomes somewhat more reasonable when you account for inflation.
The cost will vary depending on factors like mileage and the amount of money put into the car, much like when buying a used car. You might anticipate paying anywhere between $65,000 and perhaps a little over $100,000 if you’re interested in purchasing this now-classic Toyota vehicle.
Although this price may seem excessive for a vehicle that has been in production for more than two decades, the 1998 Supra is more than worth the asking price, as we’ll discuss in more detail below.
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What Supra can I buy for the lowest price?
The starting price of the 2022 Toyota Supra is $43,190, which is significantly less than that of any other car in its class. For six-cylinder vehicles, the price rises to $51,540, and for the limited-edition A91-CF Edition, it rises to $63,280.
When was Paul Walker’s Supra manufactured?
Let’s examine the renown Toyota Supra from the movie “Fast and Furious” in in detail to learn how it came to symbolize racing in Hollywood.
A vehicle enthusiast who has a strong preference for sports cars but is unaware of any Fast and Furious films is either extremely reclusive or most likely living under a rock. Popular for its fast automobiles and increasing stakes, the Fast and Furious franchise frequently puts viewers on the edge of their seats. Fast and Furious is the center of attention for many fans of sports cars.
The franchise began in 2001 and was the coolest method to promote American auto culture to the film business. Numerous well-known vehicles are featured in the franchise, especially in the early episodes, including the 1995 Mitsubishi Eclipse, 1993 Mazda RX-7, and 1993 Honda Civic EJ1. In the first Fast and Furious film, Paul Walker’s character Brian O’Conner drives a 1994 Toyota Supra MK IV, another well-known vehicle. Let his soul rest.
After the popularity of the film, the Supra rose to fame in the franchise and was included in the 2003 prequel. It is renowned for its big back wing and orange paint job that is finished with “Nuclear Gladiator” decals that are modeled after Lamborghini Diablos. For its part in the franchise, the Fast and Furious Supra continues to draw a sizable audience today.
Let’s examine the renown Toyota Supra from the movie “Fast and Furious” in in detail to learn how it came to symbolize racing in Hollywood. We’ll go into its background, traits, features, and current location.
Why are used Supras so pricey?
The Supra Mk4 is a popular and sought-after vehicle, as we discussed in our buyer’s guide.
Prices are soaring, with some American examples selling into the six figures, depending on spec and condition. Some auction outcomes are extremely anomalous, with some examples reaching truly stratospheric sums of money.
Depending on where you reside and the type of condition/spec you are considering, you should be prepared to spend upwards of $4050k if you want a turbo Mk4 Supra.
basic economics
Prices have significantly increased as a result of the law of supply and demand.
In our opinion, the demand for the Supra has actually changed a little bit.
First off, it’s important to keep in mind that this was a costly car back in the 1990s. Despite their reputation, wealthy buyers have access to a wide range of excellent options from other Japanese manufacturers. Even though many of us lusted after a Supra, especially after seeing one in Gran Turismo, it was still the exclusive domain of the wealthy (or those who didn’t mind making large car payments).
But many of us who were younger during this time period grew up dreaming of owning a Supra. The tree had already begun to grow after the seed had been put. The Gran Turismo generation began to reach an age and stage in their careers where buying a Supra was now a possibility as the 1990s gave way to the 2000s.
Another boost to the MK4 Supra’s street cred and desirability came from its inclusion in the first Fast & The Furious movie. The Supra was introduced to a completely new audience, with the idea of “Japanese components delivered overnight.
As a result, demand among enthusiasts who had desired a Supra but had not been able to purchase one earlier in life due to either being too young or not having enough money began to increase in the 2000s.
The Supra remained appealing from an enthusiast perspective as we progressed through the 2010s and into the 2020s (one of the biggest reasons being tunability, which we cover below). The enthusiast community grew increasingly yearning for older, more exciting and involving cars as new cars became more and more monotonous, especially from Toyota, which went through a period of making cars that were generally more boring than watching paint dry. The Supra fits the bill perfectly as it is both fun and rewarding to drive but also modern enough to have some creature comforts like AC, airbags on some models, and so forth.
This “Prices began to rise even faster as a result of a perfect storm of rising enthusiast demand over time coupled with a reduction in supply as a result of vehicles being written off, dying of old age and neglect, exploding due to incompetent and excessive modification, or being stored by astute investors and collectors.
According to our study, only about 48,000 MK4s were manufactured for the global market. It’s difficult to estimate how many are still alive, although there have undoubtedly been numerous casualties throughout that time.
It truly is that simple: increased demand plus lower supply equals higher prices.
We must also take collectors and investors into account. We are specifically talking to those who purchase vehicles with the expectation that the subsequent buyer will pay even more (i.e., they are less concerned with the car itself than they are with what it might do to their financial account).
Investors’ interest increased as the MK4 Supra’s pricing started to rise. Owners who set a good example discovered they could sell to investors and collectors for more money than a “Because they believe the next buyer would provide more than their purchase price, using owner and investor-collectors are frequently willing to pay over market value.
It’s not difficult to understand how Supras have gotten so pricey in a market for antique cars that is growing (see our section below on the rising tide lifting all boats… or case in this case).
The original owners bought a pricey automobile. As depreciation took its toll and initial owners sold out to buy something newer, enthusiasts were able to acquire used examples (and ostensibly better). Prices started to rise as a result of the beginning of a supply reduction. This attracted the interest of “mainstream investors and collectors of automobiles who began to overpay in the anticipation of a future increase in price.
Are Supras uncommon?
The Toyota Supra has been making news more frequently recently despite being off the market in the United States for 20 years. And for good reason: Toyota has spent the last five years igniting enthusiasts’ fervor for its future fifth-generation model, which will be unveiled at the 2019 Detroit Auto Show and will go on sale in 2019. In addition, collectors are starting to drive up prices on clean versions from the 1990s.
The Supra, often thought of as little more than a Celica coupe with more power, has recently found itself in the spotlight, and not in a good manner.
Generation Xers, millennials, and die-hard fans who grew up idolizing the automobile, in particular, have fallen in love with Toyota’s fourth-generation A80 Supra, which was produced from 1993 to 1998.
Here is a glance at the present activities of the tenacious Supra as well as a glimpse at its history.
Toyota Supra Sells for $121K
A 1994 Toyota Supra manual twin-turbo that was in brand-new, factory-condition, recently for an astounding $121,000 at auction. Although that price is unlikely to become the standard, it does firmly establish the Supra as a six-figure car. Why then did this specific Supra command such a premium price?
For starters, it’s a vintage collectible that still contains all of its original parts. This Supra has all the original equipment, right down to the cassette tape/CD player, including the distinctive rear spoiler, its original aluminum alloy wheels and Bridgestone Potenza tires, and the mint tan leather seats. Additionally, it has only 7,000 kilometers on it, which is unusual for a car this old. The car’s rarity is increased by the fact that it was also unmodified; Supras from this generation were frequently modified and customized, making the unaltered versions difficult to find.
The 3.0-liter, twin-turbocharged inline-six engine with 320 horsepower and 315 pound-feet of torque in this Supra, along with a six-speed manual transmission, make up its very desirable drivetrain configuration. This Supra also has nostalgically appealing styling. The majority of cars in this generation came with a less powerful base inline six-cylinder engine and either a four-speed automatic transmission or a five-speed manual transmission.
The high price is just a result of supply and demand, to sum up. For an unique vehicle like this one, there is a long runway of development potential, even though $121,000 sounds like a lot to pay for a car. Younger collectors who admire these models will eventually have larger money for the ideal automobile they dreamed of as children, while Supras as spotless as this one will only become more rare. Prices can rise significantly when there is a large supply gap and a high demand.
The Supra is Back for 2020
For the first time since the last Toyota Supra was marketed in the United States in 1998, the Supra made a reappearance. A fifth-generation Supra, the A90, was debuted at the 2019 North American International Auto Show (NAIAS), which took place in Detroit from January 14 to 27. The A90 was mostly developed by BMW and uses a BMW motor and many other components from the new Z4. Since this is the first new Supra to be sold in well over 20 years, excitement is understandably strong.
It has an inline six-cylinder turbocharged engine with 335 horsepower, a rear-wheel drive system, and an eight-speed automated transmission. It promotes aerodynamic balance with a low center of gravity and a 50-50 weight distribution. The 2020 Supra will be offered in two grades, 3.0 and 3.0 Premium, as well as a “Launch Edition,” and will be on sale in the summer of 2019. Renaissance Red 2.0, Nitro Yellow, and Downshift Blue will all be colors.
A Supra can go how fast?
The 2022 GR Supra offers two engine choices. A 2.0-liter inline 4-cylinder DOHC (Dual Overhead Cam) 16-valve engine with 255 horsepower and 295 pound-feet of torque powers the base model. The 2.0 engine can accelerate from 0 to 60 mph in less than five seconds and has a top speed of 155 mph. The 2022 GR Supra’s exceptional driving characteristics are aided by an eight-speed automated transmission system that drives the rear wheels. The 2022 GR Supra series is powered by a 3.0-liter Twin-Scroll Single-Turbo Inline 6-Cylinder DOHC 24-valve engine that produces 382 horsepower and 268 pound-feet of torque. The 2022 GR Supra models’ 3.0-liter engines can go from 0 to 60 mph in 3.9 seconds.
A MK4 Supra was how much?
Toyota would be the manufacturer of choice if one Japanese sports car were to sum up the entire decade. The Toyota Supra for sale was their showpiece vehicle in the 1990s. Through four generations, what started out as a trim level in 1978 has developed into its own model. Three choices affected the price of the Toyota Supra. Your first option was a turbocharged or normally aspirated engine. An automatic or manual transmission is number 2. Hardtops or sports roofs come in third. There was a targa top that could be removed in the Toyota Supra specifications. A well-equipped Mark 4 Toyota Supra would cost around $40,000, which is considerably less than what they currently sell for. In actuality, the Supra Mk4’s price has increased dramatically over time.
Will there be a Supra in 2022?
In addition to adding Apple CarPlay to cars with an improved audio system, heated seats for the 3.0 trim, and a new red interior option for the 3.0 Premium trim, the 2022 Toyota GR Supra is also available in a limited-edition A91-CF edition.
Describe an MK4 Supra.
The 3.0 liter inline six-cylinder and optional 3.0 liter inline six 320 horsepower engines are fitted to this strong performer. The distinctive MKIV might be one of the fastest in its sector thanks to these qualities. This model’s 2JZ-GTE engines are renowned for their dependability.
The Supra MK4 is our favorite vehicle for a number of reasons, including its indestructible engine and tastefully finished vintage style.