Value of a BRAND NEW Escort Cosworth?
Discussion
lol so he spent £23k on a car what 15 years ago lets say inflation has been 2.5% p.a. over that time so compounding 15 years that £23k if he has left it in the bank would be worth £33k plus he has wasted 13 years worth of MOT certs say £50 per ticket £650, plus ins lets say £500p.a. thats £7.5k and then the servicing lol.
And he only travelled 50 miles.... either this person is highly wealthy and loves the car so much he
And he only travelled 50 miles.... either this person is highly wealthy and loves the car so much he
Dave_ST220 said:
What a waste of a car! As above what enjoyment has it had been garaged for that amount of time. Crazy.
50 miles... what is the point. Also unless he had it up on axle stands then the shocks are probably in need of changing & also if the tyres are opriginal they may need changing due to perishing (age).Also as its only ever done 50 miles then Id be pretty concerned that the valve springs are in need of changing, if it had air con then the seals will be shot, and its probably never warmed up properly in its 50 miles trips to the garage so its very little use would be relatively extremely hard.
A diecast model would have been much more suitable.
Jon GT2 said:
Or maybe he is just a guy who can afford to have a car sitting in a garage doing nothing,there are plenty of private collectors in this country doing the same thing.Though to most of us it would appear to be a waste of a modern day classic i certainly wont be judging the individual.
Of course I couldnt care less if OP can or cannot afford it however if its purely for his own enjoyment and a private collection fair enough - but why is he thinking about selling it? Given he has had it so long now he may as well keep it asvalues can only go one way.AsianMpower said:
some people never learn. they reckon the worse cars for unreilability are those that are not used enough! this must be one that beats all the records for that!
especially being a cosworth engine!
If an engine is never turned over some of the valve springs will be held totally compressed (in which case their torsional strength will decrease) while others will be partially compressed or fully expanded, so when you do run the engine different sprrings will have different "bounce" levels.especially being a cosworth engine!
Tyres will of course perish due to the atmospere, & if not on axle stands the springs & suspension - even if no miles have been done will have the car weight pushing down on them and thwey weaken over time.
I wonder too if the cambelt has been changed that oo would be perishing over time as its rubber..
Brake pads do not last forever and the material will degrade and become brittle - on old brake shoes the shoe lining can come off the metal part thus totally unservicable & pretty dangerous to say the least.
Wiring well like any car dry connections do happen with older cars and thats a big problem to find.
The other thing is say he starts the engine once a year the top of the engine will be totally dry of oil so for those short few seconds it will be metal on metal - whereas if a car has been left even for 2 weeks will stil have some oil/lubrication.
In fact it does make a lot of sense for car makers to put in electric pumps to pump the oil round the engine before its first started.
bob1179 said:
Is it registered?
I remember a few years ago a bloke bought an unregistered Sierra RS500 that had been in storage since it was built.
I think it ended up on a 51 plate.
Just out of curosity - isnt that illegal? I mean the garage has to register the car once its sold.I remember a few years ago a bloke bought an unregistered Sierra RS500 that had been in storage since it was built.
I think it ended up on a 51 plate.
Also when you buy this RS500 you might be "conned" into beliving that it is only 7 years old.
Ive no idea what is the law but am curious.
Jon GT2 said:
They were around £23,000 new
The later Cossies were pushing 30k new, I got mine in 96 and it was 29k, that was with leather etc. What I'd like to know is what model year is this car? they were made from 92-96, I can't remember when they switch to the small turbo but all these things would have a bearing on the value, also what colour?Oh and I've done 90k miles in mine and have enjoyed every single one, I can't imagine having the car and not driving it, like others have said what a waste.....
John.
Edited by steelej on Monday 19th November 17:50
Welshbeef said:
bob1179 said:
Is it registered?
I remember a few years ago a bloke bought an unregistered Sierra RS500 that had been in storage since it was built.
I think it ended up on a 51 plate.
Just out of curosity - isnt that illegal? I mean the garage has to register the car once its sold.I remember a few years ago a bloke bought an unregistered Sierra RS500 that had been in storage since it was built.
I think it ended up on a 51 plate.
Also when you buy this RS500 you might be "conned" into beliving that it is only 7 years old.
Ive no idea what is the law but am curious.
To be honest I have no idea. It was featured in Practical Classics a few years ago, I've got the copy somewhere, I'll have to dig it out and have a look.
Apex clipper said:
I'd think there's a few keen RS enthusiasts that would pay over the odds for an Escort Cosworth with that limited mileage (On board)...................Sorry to disappoint..but 25k all day long.
Id say £25k to buy it sounds like good value however the OP who has had it for that period of time has financially made the wrong choice (instead let someone else store it then buy i now when £25k is in fact in real terms only £17k 15 years ago assuming a mere 2.5% inflation + this op has spent a fortune on ins, servicing. Also given he doesnt drive it why not go and see the Museum pieces that way he can enjoy its looks etc without any real spend. Unless of course he is very wealthy and has little interest in squandering his kids inheritance.
He's always said that he'd like to keep it for as long as he can (he had a 355 a couple of years ago and said that would go before the Cosworth if it came to it). I think it's got sentimental value as he's had it this long.
Cheers for all the advice though, I'll be sure to pass it on.
Tom
Cheers for all the advice though, I'll be sure to pass it on.
Tom
bob1179 said:
Welshbeef said:
bob1179 said:
Is it registered?
I remember a few years ago a bloke bought an unregistered Sierra RS500 that had been in storage since it was built.
I think it ended up on a 51 plate.
Just out of curosity - isnt that illegal? I mean the garage has to register the car once its sold.I remember a few years ago a bloke bought an unregistered Sierra RS500 that had been in storage since it was built.
I think it ended up on a 51 plate.
Also when you buy this RS500 you might be "conned" into beliving that it is only 7 years old.
Ive no idea what is the law but am curious.
To be honest I have no idea. It was featured in Practical Classics a few years ago, I've got the copy somewhere, I'll have to dig it out and have a look.
Edited by Mustard on Thursday 29th November 17:03
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