Prices for the first-gen Mazda MX-5 Miata are on the rise, though asking almost $30k ($29,995, to be exact) for a barely driven example might be a bit too much.
The dealer apparently has a 1997 MX-5 Miata on sale and the little roadster only has 120 miles on the clock. For a 21-year-old car, that’s incredibly impressive; whoever bought the vehicle must’ve put it in a garage right away.
Now, $30,000 sounds like a lot of money for a ’97 Miata – and it is. But the model that’s up for sale isn’t just a regular Miata – it’s a special M-Edition.
For 1997, Mazda built 3,000 M-Edition Miatas. The special-edition was finished in Marina Green and had polished Enkei wheels. On the inside, there’s tan leather interior and some Nardi bits like on the shift knob and parking brake.
The Miata comes with a 1.8-liter four-cylinder engine that pumps out 133 horsepower and is paired to a five-speed gearbox that’s a real joy to row through.
The car looks like it’s in pristine condition, which shouldn’t be surprising, as the vehicle’s barely been driven. This is, without a doubt, the closest anyone will ever get to purchasing a new NA Miata today. A lot of exampleshave been modified and beat to hell. And those, surprisingly, are still selling for around $5,000.
We are comparing apples to oranges here, but if prices for Miatas continue to rise, like they did with air-cooled Porsches, then this purchase might make some kind of sense. On the other hand, for the same amount one can purchase a first-gen Miata and a new MX-5 RF. Granted, the former will have lots of miles on it, but still… Even so, we have no doubt someone will scoop this up. Here’s hoping it will be driven rather than put in storage again with its owner waiting for the right moment to flip it.