Seriously Overpriced Cars

[krisdelta]

chelme said:

1878 said:

Everything at 4 star in Hampshire?

Lol, I am inclined to agree with you.

They had a very sensibly priced Z4M roadster earlier this year, good spec and looked in great condition - got beaten to it and missed out by a day.

[lord trumpton]

The classic car and modern classic market is massive at the moment. Interest rates are low, gold and oil is falling so a lot of the rich boys are lapping up the tasty rarities in the hope its a safe investment

Re the Cossie RS500 - thing is there must be nothing else like it in the world with such a mileage and provenance. They are iconic and someone will snaffle it up.

Buyers at that end of the market will see £120k as small beer

[Atmospheric]

swisstoni said:

all sorts of junk gets given a T-Cut and wheeled out.

[glasgowrob]

some crazy money being paid for cars that in a lot of cases weren't that good even when they were new.


lots of bandwagon jumping and backslapping going on and in the case of certain marques or subsets of marques a small number of people deliberately driving prices up.



yes 3 door cosworths were something special back in the 80s but its not a 120k car in anyones book. I get the feeling that the classic car market has been seen as a safe alternative for a lot of people during the recession but now is starting to look like some sort of dodgy pyramid scheme. the problem being these cars are available in finite numbers and once the purely financial investors leave the market you will be hard priced to shift anything without taking a heavy hit. No one is going to want to get burnt loosing 10s of thousands on an investment so I think a lot of these cars will spend the rest of their days sitting unloved and unused in peoples garages with no one willing to sell them for what people are willing to pay

[jamies30]

Ali_T said:

Flame suit on, but Integrales.

I'd agree with that - everyone who has owned one knows they're great, but I suspect people who haven't owned one think they're even better. There's an awful lot of substance to these cars, but I think there's even more hype. And that's before you get into the whole 'limited edition' nonsense which almost always boils down to nothing more than a different colour of paint.

Lotusgone said:

Alfa GTV Cups - touted for way more than the standard V6, for which you seem to get some body kit and a nice badge.

Definitely this - the half-leather seats are marginally more supportive, but the bodykit massively detracts from the purity of the original lines so you're paying a premium over a mechanically-identical standard V6 in return for having one that's a bit ruined.

An honourable mention to the 'Mille Miglia' edition of the most recent Alfa Spider, of which they built 11 - again, mechanically identical to the normal one, but each one comes with a badge to commemorate one of the marque's MM victories. A limited edition which is only limited in the sense that "we only made 11 of these badges" really ought not command a premium.

[irocfan]

what about this one?


http://www.carandclassic.co.uk/car/C602867

£15k for an X1/9!!!

[cayman-black]

A fool and his money are easily parted!

[anonymous-user]

Not sure about this: http://www.ebay.co.uk/itm/PEUGEOT-205-Cabriolet-MO...



However much it goes for is too much.

[Inertiatic]

turboslippers said:

Ref the Figaro mentioned on the first page, I never forget the comments leveled at it by the Landlord of one of my local pubs when he was chatting to me outside and it was next to us in the car park.

'F*ck me, what's this little piece of sh*t? What's that w*nky little convertible roof thing on it....how do you open it....with a tin opener? Still, once the roof is off I suppose you could actually use it as a skip!'

The proud owners were sat on the next table....

What does he drive?

[Parabola]

wormus said:

Not sure about this: http://www.ebay.co.uk/itm/PEUGEOT-205-Cabriolet-MO...



However much it goes for is too much.

Is that the new RR Evoque Convertible?

[prop135]

Skylinecrazy said:

R32s and 33s will be going up over the next few years...

Although no idea wtf this guy is smoking.

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

Edited by Skylinecrazy on Tuesday 23 December 12:23

It looks like the original owner sold it to a dealer who thinks he can makes some cash on the fact that it would cost double that to take a fresh import up to the standard of that car. There is a good write up the the GTR forum http://www.gtr.co.uk/forum/113131-rips-rebuilds-bo... Having said that, its a bonkers price

[hornetrider]

Who is going to pay 16k for an original Scirocco?

http://www.ebay.co.uk/itm/FOR-SALE-Volkswagen-Scir...

I don't think it's even desireable. It's just an old car.

[Tib]

I humbly suggest this 575:

http://www.meridien.co.uk/abarth/used-cars/2094/fe...

When did these get so expensive? That's two 10k mile 458s right there...

[hornetrider]

Tib said:

I humbly suggest this 575:

http://www.meridien.co.uk/abarth/used-cars/2094/fe...

When did these get so expensive? That's two 10k mile 458s right there...

That's a SuperAmerica.

Boggo 575s are a snip at only 70k.

http://www.ebay.co.uk/itm/2003-Ferrari-575M-/16173...

[TommoAE86]

prop135 said:

Skylinecrazy said:

R32s and 33s will be going up over the next few years...

Although no idea wtf this guy is smoking.

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

Edited by Skylinecrazy on Tuesday 23 December 12:23

It looks like the original owner sold it to a dealer who thinks he can makes some cash on the fact that it would cost double that to take a fresh import up to the standard of that car. There is a good write up the the GTR forum http://www.gtr.co.uk/forum/113131-rips-rebuilds-bo... Having said that, its a bonkers price

But these are going up for entirely different reasons than seems to be the basis for this thread. The USA is Skyline crazy but they cannot import them until they are older than 25 years (Said to be for "safety" reasons, apparently it's lobbying from US carmakers). R32 GTR's are starting to hit this sort of age now and the prices have doubled in 12 months, even R33's get it because you can only import R33's from 1996 - 1998 according to the NHTSA and early spec 1's are getting close to 25 years old.

[PhantomPH]

I know it's not good Netiquette to say this, but I win this thread : http://www.cheshireclassiccars.co.uk/classic-cars-...

[Gorbyrev]

Ali_T said:

Flame suit on, but Integrales. I know they're amazing. But they're not £60k+ for a clean late example amazing. Or £100k for a white one and some Martini stickers that, being applied by Lancia in the early 90s, will probably peel off as soon as you drive away.

No arguments from me. However, they all cost monumental amounts of money to keep on the road. Back in the day I had the drive of my life through Sighthill Edinburgh in one of these. It then took the workshop 36 hours to change the clutch, I kid you not. Audi Quattros are similarly fond of long spells in the garage with fun things like the reversing sensor on the flywheel or something like that. What about prices for the Lancia Hyena? A car on Integrale running gear with bodywork designed by the substance experimentation department at Zagato.

Edited by Gorbyrev on Wednesday 12th August 10:19

[WilsonSwift]

rohrl said:

I can't believe this hasn't been posted yet. Rod Leach's RX7. It's been on sale at the same price since God was a boy and no one seems interested at £35,000.

http://www.carandclassic.co.uk/car/C290229

Slight post revival here, but the owner of my local Mazda dealership has just bought this RX7. Looks and sounds mighty in the flesh too.

He sold his imported Evo X Final Edition for it. I'm curious to find out if he part exchanged it though.

It just goes to show, a car is only worth what someone is willing to pay!

(image borrowed from the 'net)

Edited by WilsonSwift on Wednesday 12th August 11:18

[# Lord Lucan #]

Ruffy94 said:

Where to start

£120k sierra rs500

http://www.autotrader.co.uk/classified/advert/2015...

the £20K 3000gt

http://www.autotrader.co.uk/classified/advert/2015...

And possibly the worst one...the £450k group 4/b quattro that sold for £220K at the goodwood members meeting earlier in the year (as far as i can see has no works history as a group b car either)

http://www.autotrader.co.uk/classified/advert/2015...

Thing is the RS500 is turning into a car that was an awesome drive I know I owned 2 previously but both were modified. thing is in OEM Spec they were like slugs with full stomachs the turbo was to big the lag well erosion was faster than this car at coming on boost, so the real value cars should be the Moonstone Blue ones as only 52 genuine examples were ever built, White cars include the 4 prototype cars which are all in private owners hands as they were never destoyed by FoMoCo hence ther are 56 White cars the rest are black.

OEM examples are extremely rare but in reality are not very nice to drive or own as parts especially body parts are obscen price wise front spliter will cost you over £2,500 easy for the genuine article, as such these are really turning into museum pieces and will never be used for what they were designed for anymore which is a real shame.

Even black cars are very highly priced condisering they are a Homologation special is why they are sort after and people will pay the price I am afraid

[405dogvan]

itcaptainslow said:

Funkycoldribena said:

http://www.hursleyhillgarage.co.uk/used/mg/zr/20td...

The Celestial Blue ZS they have, while nice, is ridiculously overpriced and has been for sale for years! As has most of their stock...makes me wonder how they make money.

Shame as if the prices for the low mileage MGR stuff were more reasonable I'd be tempted to go take a look...

Edited by itcaptainslow on Saturday 20th December 07:53

I do wonder how dumb you have to be to include a price tag in a photo when you KNOW you'll have to drop that price.

£2K between the price in the photo and the price on the website - (still many times it's actual worth to anyone sane) but you see this a LOT - cars which have clearly been gouging prices (often still gouging prices) but it just yells "we're dishonest and desperate to sell it"