Current Values
Discussion
I'm currently seriously considering a change to a Tuscan but after some help to get my head around the values. I've searched but not been able to turn up exactly what I am trying to get at.
I prefer the looks of the mk1 - so what would you consider to be the top end price for a well sorted, recent reputable rebuild, nitrons etc? Do the Red Rose or S carry much of a premium?
Are values now firming or even on the rise?
I suppose the question I am really asking is if I were to buy a well sorted mk1 at the upper end of the market, what is the general consensus on its value in 3-5 years?
My real intention is to buy at as a keeper as I don't think I would ever tire of the performance or looks, but I want to go into it with my eyes open.
Thanks in advance for the advice!
I prefer the looks of the mk1 - so what would you consider to be the top end price for a well sorted, recent reputable rebuild, nitrons etc? Do the Red Rose or S carry much of a premium?
Are values now firming or even on the rise?
I suppose the question I am really asking is if I were to buy a well sorted mk1 at the upper end of the market, what is the general consensus on its value in 3-5 years?
My real intention is to buy at as a keeper as I don't think I would ever tire of the performance or looks, but I want to go into it with my eyes open.
Thanks in advance for the advice!
The future is anyone's guess - but I'd say they could go up further. The last two cars I owned - a Marcos LM500 coupe and a Noble M12GTO 3R gave me years of free motoring. Their appreciation covered all the parts/servicing, road fund tax, fuel and insurance so I only lost out on interest on the capital. But - I bought the very best cars I could find and did low annual mileage in them. In the long term there has to be a market for the car and then the value is down to a number of factors based off the best cars around. The value of any car will depend upon how much it would cost to bring a tired car up to the standard of the best available assuming both have documented histories.
It will be interesting to see how eventually the values settle in the long run for the various versions and which will be viewed as the most iconic. Usually that is the first version but not always, (look at E Types and Countach), and the numbers produced of a particular version and the engine spec etc will have a significant influence. I bought a Mark 1 as I think it has the best interior and front end styling but that may or may not be the long term view of the market.
It will be interesting to see how eventually the values settle in the long run for the various versions and which will be viewed as the most iconic. Usually that is the first version but not always, (look at E Types and Countach), and the numbers produced of a particular version and the engine spec etc will have a significant influence. I bought a Mark 1 as I think it has the best interior and front end styling but that may or may not be the long term view of the market.
Agree with Bob, if any of us could reliably predict the future we'd all be investors. Balance of probability is they're not going down and will go up according to the laws of supply (only ever going south) and demand (likely going north in improving economy). By how much is a function of how excited or numerous the demand side gets. Like both Bob and OP, I think an unmolested late MK 1 represents the best of how the car was originally intended design-wise. If there were as many MK 2's built I think there would be an E Type effect going on. Red Rose probably has an emotional Factory/Lancashire effect that may outweigh its actual specification benefit in future values. Best to concentrate on unmodified cars with decent history if you can't stretch to a particularly rare and likely desirable spec.
Walford said:
Basil Brush said:
They are definitely firming up at the moment. A few years ago a very good Mk1 would have been high teens, now it's 20+.
As for the future, who knows, but they are only getting fewer and fewer as time goes on....
Because people p/ss about with themAs for the future, who knows, but they are only getting fewer and fewer as time goes on....
If the car is going to be a keeper why do you care about current/future values?
If the car is worth double or half of what you paid in a couple of years time that is irrelevant if you're not selling.
If you are happy to buy one at todays price then buy it and drive/enjoy it.
Well that is my logic anyway.
As for top end mk1 s or rr price i would say 26k.
If the car is worth double or half of what you paid in a couple of years time that is irrelevant if you're not selling.
If you are happy to buy one at todays price then buy it and drive/enjoy it.
Well that is my logic anyway.
As for top end mk1 s or rr price i would say 26k.
TimJM said:
As for top end mk1 s or rr price i would say 26k.
Agree for the "S" this year, next years will go up further.But all in all i think the price increase was even not that much, think that cars like Lotus Esprit went up even more. So guess TVRs will catch up soon.
Edited by Dutch_Cerbera on Friday 11th July 20:48
Because of work posting him abroad A friend sold a mk1 reg 2001 this week for £16,500.
He hasn't stopped crying.
I believe...
Short term (5 years) they're not going to increase.
After 2020 they will be on the increase, esp with the rise of these extremely ugly and dull eco and electric cars.
Only buy it if you love it, go with your gut.
Good luck
He hasn't stopped crying.
I believe...
Short term (5 years) they're not going to increase.
After 2020 they will be on the increase, esp with the rise of these extremely ugly and dull eco and electric cars.
Only buy it if you love it, go with your gut.
Good luck
TimJM said:
If the car is going to be a keeper why do you care about current/future values?
If the car is worth double or half of what you paid in a couple of years time that is irrelevant if you're not selling.
If you are happy to buy one at todays price then buy it and drive/enjoy it.
Well that is my logic anyway.
As for top end mk1 s or rr price i would say 26k.
£26k?If the car is worth double or half of what you paid in a couple of years time that is irrelevant if you're not selling.
If you are happy to buy one at todays price then buy it and drive/enjoy it.
Well that is my logic anyway.
As for top end mk1 s or rr price i would say 26k.
Much as I would love to believe this (having just advertised a Mk1 S), I suspect that's a bit "toppy".
Racing Green are offering a black Mk1 S for about £26k but I really don't believe that's the going price. Feel free to prove me wrong - you'll find my car in the classifieds....
PS
I agree with the rest of TimJM's sentiments.
Neil
TimJM said:
If the car is going to be a keeper why do you care about current/future values?
Completely agree with you, but I do want to have at least considered what my exit position would be in the event my circumstances changed in a few years time.Opinions here are consistent with my thoughts, which is just as well as I put a deposit down in a 2001 RR which I collect later this week
Thanks for your input all!
BeillyNoy said:
£26k?
I think that is possible. Whilst the Sag is newer, rarer and arguably more desirable, look at the prices they are fetching. I think it's the kind of money it would take to prise my Tuscan away from me, however at that price I'd be expecting a car with a top spec:- recently rebuilt and upgraded engine (mine's a 4.5)
- excellent paintwork (just painted)
- Nitrons / upgraded suspension
- HPI clear
Milky400 said:
Is it silver?
No it's the slightly less subtle Mango that has been spotted a couple of times recently!http://www.pistonheads.com/gassing/topic.asp?h=0&a...
Gassing Station | Tuscan | Top of Page | What's New | My Stuff