Griff £ Values / Lack Of

Griff £ Values / Lack Of

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Discussion

neutral 3

Original Poster:

6,443 posts

170 months

Thursday 6th August 2015
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As above, been having thoughts the last few months of jumping ship back to an air cooled 911 again, either an SC, a 3.2 Carrera or ideally a 964. But ruddy heck, after lots of looking, the lack of 964s for sale ( few were sold here ) and the daft money being asked for all 3 models is simply unreal. If I do go down the 964 route ( unlikely now ) it will be a resto car.

I sold my first Griff a very nice 96 model for £12,400 In April 2008 and my 88 Carrera for £10,400 in Sept 2008 and struggled to sell it. The 911 is now £40,000 plus, but the Griff has barely risen in value, probably £16 - £18,000 now.

Your thoughts gents ? Am I the only one who thinks the Griff is still way undervalued ?

phazed

21,844 posts

204 months

Thursday 6th August 2015
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It is what it is.

When I sold my old chim last year it went for the market price.

I advertised it in all the right places but the market decided that a sorted 325bhp 4.6 was only worth £9.5K and that was that!

BTW, I too am shocked at the Porsche prices as I would dearly love an air cooled but it seems that will not happen frown

HarryW

15,150 posts

269 months

Thursday 6th August 2015
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To be honest I think it's a bit of both, all TVRs are undervalued and the run of the mill Porsches are overvalued. AIMHO obviously.

jay-kay-em

223 posts

204 months

Thursday 6th August 2015
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Things started with the financial crisis. City types nervous of banks went looking for somewhere else to store money 'safely'. Gold skyrocketed and high street goldsmiths cropped up overnight, London property prices.... and classic cars. With classic cars don't forget, there is a tax-free return on your gain too.

I don't really think its fair to compare 911 values with TVR values. The 911 is a global product with world wide recognition, by a huge and well respected current day manufacturer. We are talking worldwide investors here. Ask your average American what a TVR is and they might struggle; let alone new investors in China.

The 911 is not alone - the E-type, Healey 3000, 21 window Samba, Ferrari Dino.....

Some of the pinnacle 911s - like the 993 GT2 and 2.7RS will never be driven by their new keepers; just mothballed in order to add another £20k. That makes me sad.

When I scan classifieds, I see most Griffs at 20k plus so I don't think they are doing too bad.

I think you should compare it to other specialist GRP cars like the Esprit - and then values have been in unison.

However, I do think pre-cats are under-valued and SE's are over-valued. Both give the same enjoyment and experience of ownership compared to a 500 yet their values are just ludicrously separated; like twice the price SE vs. pre-cat. It's not twice the car.

Edited by jay-kay-em on Thursday 6th August 20:12

Englishman

2,219 posts

210 months

Thursday 6th August 2015
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The thing is, I doubt you'll find a car that is more fun for £20K. Enjoy them while you can before people buy them and put them away.

neutral 3

Original Poster:

6,443 posts

170 months

Friday 7th August 2015
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Yes for £20 grand, what else can touch it ! Been looking for 964s again and nothing under £40 grand ( C2 Manual ) and next to none for sale !

neutral 3

Original Poster:

6,443 posts

170 months

Saturday 8th August 2015
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Agree with you jay re the values of the SE, they do seem a bit £ ott.

griffdude

1,823 posts

248 months

Wednesday 12th August 2015
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Interestingly, Quinny's/SteveSPG's LS Griffith is back on the market very quickly.....

http://www.pistonheads.com/classifieds/used-cars/t...

neutral 3

Original Poster:

6,443 posts

170 months

Wednesday 12th August 2015
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Anyone been in / had a drive of this one ??

andy43

9,683 posts

254 months

Wednesday 12th August 2015
quotequote all
griffdude said:
Interestingly, Quinny's/SteveSPG's LS Griffith is back on the market very quickly.....

http://www.pistonheads.com/classifieds/used-cars/t...
Bet you couldn't build it for that price.
And what else can you get with similar performance and feel for that price anyway?
Ridiculous value.
Just Look At It smile

V8 GRF

7,294 posts

210 months

Wednesday 12th August 2015
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griffdude said:
Interestingly, Quinny's/SteveSPG's LS Griffith is back on the market very quickly.....

http://www.pistonheads.com/classifieds/used-cars/t...
Probably frightened the hell out of himself, I'd be guessing they're seriously tail-happy with all that power and a real handful in anything other than perfect driving conditions.

neutral 3

Original Poster:

6,443 posts

170 months

Wednesday 12th August 2015
quotequote all
Exactly Andy !! What Else offers those stunning looks, a ground up restoration and that performance for the money ??

But Yes V8......a short wheel base, loads of torque must surely make it an animal on anything but a smooth, dry, straight road ? Shatteringly quick off of the line though!

If I had the spare £ I would buy it.

HarryW

15,150 posts

269 months

Wednesday 12th August 2015
quotequote all
neutral 3 said:
Exactly Andy !! What Else offers those stunning looks, a ground up restoration and that performance for the money ??

But Yes V8......a short wheel base, loads of torque must surely make it an animal on anything but a smooth, dry, straight road ? Shatteringly quick off of the line though!

If I had the spare £ I would buy it.
+1 I bet its a hoot to drive.........

300bhp/ton

41,030 posts

190 months

Wednesday 12th August 2015
quotequote all
neutral 3 said:
As above, been having thoughts the last few months of jumping ship back to an air cooled 911 again, either an SC, a 3.2 Carrera or ideally a 964. But ruddy heck, after lots of looking, the lack of 964s for sale ( few were sold here ) and the daft money being asked for all 3 models is simply unreal. If I do go down the 964 route ( unlikely now ) it will be a resto car.

I sold my first Griff a very nice 96 model for £12,400 In April 2008 and my 88 Carrera for £10,400 in Sept 2008 and struggled to sell it. The 911 is now £40,000 plus, but the Griff has barely risen in value, probably £16 - £18,000 now.

Your thoughts gents ? Am I the only one who thinks the Griff is still way undervalued ?
Either that, or the Griff is valued correctly and too many wealthy numpties have massively over paid for the 964's, highly inflating the prices.

And considering the technical differences between a Chim and a Griff, the latter would seem quite pricey for just a slightly different styling look.

FlipFlopGriff

7,144 posts

247 months

Wednesday 12th August 2015
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300bhp/ton said:
And considering the technical differences between a Chim and a Griff, the latter would seem quite pricey for just a slightly different styling look.
Always been a £4k-£5k premium for similar spec/year Griff over an Chimp, not just recently.
FFG

V8 GRF

7,294 posts

210 months

Wednesday 12th August 2015
quotequote all
FlipFlopGriff said:
300bhp/ton said:
And considering the technical differences between a Chim and a Griff, the latter would seem quite pricey for just a slightly different styling look.
Always been a £4k-£5k premium for similar spec/year Griff over an Chimp, not just recently.
FFG
The Griffs were £4k-£5k more expensive new as well so starting from a higher price in the first place as well as there being fewer.

I agree Chimaera 500s should at least have parity with the Griff 500 as they cost the same new, they're basically the same car and the rarest Chimaera by a long way.

I really don't 'get' the SE Griff vlues either especially as they're a typical 'run-out' car using bits and pieces left over with some dubious (imho) 'upgrades'

Quinny

15,814 posts

266 months

Wednesday 12th August 2015
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HarryW said:
neutral 3 said:
Exactly Andy !! What Else offers those stunning looks, a ground up restoration and that performance for the money ??

But Yes V8......a short wheel base, loads of torque must surely make it an animal on anything but a smooth, dry, straight road ? Shatteringly quick off of the line though!

If I had the spare £ I would buy it.
+1 I bet its a hoot to drive.........
It is....ask precathehe...

I didn't think the new owner would keep it long......he's a really decent chap, and a total petrolhead, but his list of pre owned cars was the complete opposite of what the Griff is all about........he'd previously owned loads of massive power skylines, subarus, big Audis that sort of thing.....but he wanted to try a TVR for a change.... I suspect the Griff is a bit to basic & old school...

In saying that, if anyone's interested, you should go and snap it up.......it's a good un and is bloody great fun... Certainly the fastest car I've ever owned, or been in, and I doubt I'll ever get anything that quick againfrown

neutral 3

Original Poster:

6,443 posts

170 months

Wednesday 12th August 2015
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Hello Quinny, yes I recognise that type of buyer. What made you sell it ? Was there a thread on its build ? What was it like to drive ?

JamesK

2,124 posts

279 months

Wednesday 12th August 2015
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FlipFlopGriff said:
300bhp/ton said:
And considering the technical differences between a Chim and a Griff, the latter would seem quite pricey for just a slightly different styling look.
Always been a £4k-£5k premium for similar spec/year Griff over an Chimp, not just recently.
FFG
No surprise really. There were more than twice as many Chims built than Griffs and the Griff came first, winning all the press and bedroom wall adulation.

V8 GRF

7,294 posts

210 months

Wednesday 12th August 2015
quotequote all
JamesK said:
No surprise really. There were more than twice as many Chims built than Griffs and the Griff came first, winning all the press and bedroom wall adulation.
... and the Design Council award!