Classics Advertised With Daft Prices

[AndrewIC]

4rephill said:

Do you?

Try this: http://www.autovillage.co.uk/used-car/ferrari/328/...

A Ferrari 328 GTS with 5,437 miles on it.

Asking price?: £999,999!



(Obviously asking £999,999 and actually getting £999,999 are two completely different things, but the advert fits the concept of this thread perfectly)

You see that from time to time, it is purely to get the car to the top of the price list and get the phone ringing for actual price.

[Jagmanv12]

A lot of the cars for sale at dealers are on SOR so the asking price is a reflection of what the owner wants for it. An owner sees a car similar to theirs sell at auction and so they want a similar or higher figure. The dealer obviously has put some profit on it so hence the higher prices. If the owners will not accept a lower price the car sits at the dealer for months/years.

[DonkeyApple]

Part of it is where a known dealer of a marque will put a model up at a stupid price knowing it will never sell but what he is doing is setting a new price level in the minds of buyers.

For example, you see this with unloved Ferrari or Porsche models, someone like Cottingham will stick one up at a silly price and everyone will see it, talk about it and suddenly a few months later another car prices just below that price will be seen as cheap instead of ludicrously over priced.

They were doing it with £70k TVR Griffiths the other year and it has accelerated price growth considerably.

Or Graeme Hunt sticking up £95k Rangies a few years back and now we have a Velar up for sale at £200k this month.

Bidding up a book is the phrase in our industry.

[Piersman2]

HaylingJag said:

Piersman2 said:

This seller has got two massively overpriced Jags that he advertises on a daily basis to try and trigger some interest in his ridiculous prices. I know, because I'm on the look out for a Jag and his overpriced tosh turns up every single day.

id quite happily take half of that for my one, its a bit of a double edge for me, on the one hand i see vastly inflated prices for these, on the other hand, surely its good for me by having one in the garage???

im of the mind, tho, that its only worth the money of someone actually buys it!!

Do you own that phoenix red jag in your picture? If you look in my profile you'll see a photo of my first xjr, a pheonix red one. The only one in this model and age I ever saw. I know the wheels are different, but I they couldn't be the same car could they?

[1750jb]

P5Nij said:

Just over five years ago I went down to GC Motors in Kent to have a gander at a restored '69 Mini Cooper which they'd had for at least eighteen months and was up for £10k. I liked the look of it, everything seemed ticketyboo and the rebuilt engine was very strong but the bodywork still needed some work here and there so I offered them £9k. They turned me down, so I walked away (and bought another one elsewhere a few months later), by which time that same Cooper was advertised again at £13k.... it's still there today but now has a price tag just shy of £16k!

If this is the el paso beige one, I've noticed that too over the years! Something about the current crop of mini dealers really gets my goat - particularly one who states that a certain car is 'on' a given mileage - hideous dealer speak!
This sort of thing is just annoying for those of us who just want to have some fun owning an interesting classic and not 'making an investment'. I've found a solution though - you just have to try to think sideways and buy something the dealers (or anyone else) aren't interested in - hence the latest - Saab 96! it's mint, a total blast to drive and looks stunning. Except, of course, I've just spotted 2 for sale at dealers for £8k! Here we go again...

[HaylingJag]

Piersman2 said:

Do you own that phoenix red jag in your picture? If you look in my profile you'll see a photo of my first xjr, a pheonix red one. The only one in this model and age I ever saw. I know the wheels are different, but I they couldn't be the same car could they?

Same colour though different model. yours is the only V8 ive seen in this colour. Sadly mine is sold now, moved on after four years of ownership to make way for the XKR.

D

[P5Nij]

1750jb said:

P5Nij said:

Just over five years ago I went down to GC Motors in Kent to have a gander at a restored '69 Mini Cooper which they'd had for at least eighteen months and was up for £10k. I liked the look of it, everything seemed ticketyboo and the rebuilt engine was very strong but the bodywork still needed some work here and there so I offered them £9k. They turned me down, so I walked away (and bought another one elsewhere a few months later), by which time that same Cooper was advertised again at £13k.... it's still there today but now has a price tag just shy of £16k!

If this is the el paso beige one, I've noticed that too over the years! Something about the current crop of mini dealers really gets my goat - particularly one who states that a certain car is 'on' a given mileage - hideous dealer speak!
This sort of thing is just annoying for those of us who just want to have some fun owning an interesting classic and not 'making an investment'. I've found a solution though - you just have to try to think sideways and buy something the dealers (or anyone else) aren't interested in - hence the latest - Saab 96! it's mint, a total blast to drive and looks stunning. Except, of course, I've just spotted 2 for sale at dealers for £8k! Here we go again...

Yep, same one - it's been the subject of conversation on several Mini forums. I wonder how long it'll be before he slaps a £20k price tag on it. It is a very nice Mk2 Cooper but the fact that it's been there so long could well be putting some off wanting it. It's been there at least six and a half years that I know of and the dark green W&P Margrave Clubman has been there even longer, with an equally daft asking price and rust creeping through under the vinyl roof around the guttering.

[POORCARDEALER]

crostonian said:

craig_m67 said:

george123 said:

BTW what engine should that red Sprint have...it is nice

In my mind the light grey dash in the red Sprint suggests it's one of the last models and the (1.7 twin carb) engine is correct. The 1984 white Sprint on the other hand should have a 1.5 twin carb. I had one of those. Fantastic cars. I want it back.

I could be wrong, it was a bloody long time ago

My mistake, didn't look at the white one closely, they BOTH have the wrong engine. The white car is a 1.5 Green Cloverleaf, as is the red car. Being an '87 model the red car will probably have 33 running gear, ie outboard front brakes instead of inboard and rear drums instead of discs. These late cars seemed to lose the lurid green carpets fitted to the earlier ones but kept the green dot seats. The 1.7 was introduced in 1987, they lost the plastic side cladding and the stripes in the bumpers, they all had a Zender rear spoiler and had grey herringbone cloth seats. You could also get the full Zender bodykit on the later cars, many 1.7s were so equipped, the kit helped them rot even quicker.

General consensus back in the day was that the 1.5 was a sweeter unit than the 1.7 and didn't imbue the car with as much torque steer. The engine swap was quite common I just feel that if you are forking out top end money for one then originality becomes more significant.

The optimium Sprint for me would be a chrome bumper Veloce with the 95bhp 1.5 engine, less cammy than the 105bhp unit in the later cars. There's usually a decent selection of these for sale in Italy for around half the amount of the two cars advertised.


I have a chrome bumper 1.5 95 bhp car (silver with chocolate interior) that ive just had the bodywork restored, and it is been fully repainted in the next few weeks...RHD cars are getting very difficult to source and are increasing in price for sure.

Interesting comments regarding the green carpets of the later cars, I actually like the look of them.

The last two Sprints I have had, have sold within hours of been put up for sale, more buyers than sellers for sure.

[1750jb]

e30 325i for £24,995!! emmmm...

[paul0843]

[bigkeeko]

Great buy from a trusted seller with great feedback.


http://www.ebay.co.uk/itm/Ford-Sierra-1-8-LX-/1415...

[StescoG66]

_Leg_ said:

crostonian said:

These two Alfasud Sprints had me falling off my chair. £12k and £13k, no way, half this maybe at a push. The red one hasn't even got the correct engine fitted.

http://www.autotrader.co.uk/search/used/cars/alfa_...

http://www.ebay.co.uk/itm/1987-Alfa-Romeo-Alfasud-...

Worryingly Ive been eyeing that red one up......

I know the man who did the red one. Trust me it is a peach. No expense was spared and he is a stickler for thoroughness. He only sold it as he wasn't using it at all. Watched that one evolve - it was a good one to start with but it just got better.
It was a 1.5 - but he installed a 1.7 in it if memory serves. He also removed the rear drums, installing a set of discs from - I think - a 145. Dash and headlining was professionally trimmed in alcantara.
As I say - it's a wee beauty.
I am currently doing a 1988 1.7 cloverleaf. But rest assured it won't be original as I have neither the limitless funds, patience nor inclination to be that obsessive. I am however going to be 100% true to the Alfa Romeo ethos in my mods.

Edited by StescoG66 on Saturday 28th March 08:21

Edited by StescoG66 on Saturday 28th March 08:25