Concourse chims

Concourse chims

Author
Discussion

glow worm

5,844 posts

227 months

Wednesday 15th April 2015
quotequote all
ChilliWhizz said:
Have you blokes seen the Griff SE that Fernies have up for sale? 34K miles, 2001 MY, and the asking price is only 50K (it is mint mind... and modified, I can't see an AFM)

Yep that's right £50,000 for a Griff..... I think it's about time we had a major think about how much our beloved Chims should be worth....
B&Q are doing a good deal on wheelbarrows smile

TVRJAS

2,391 posts

129 months

Wednesday 15th April 2015
quotequote all
yes I put up a thread about it when i spotted it in the classifieds this morning.

I've never been to their showroom but i would imagine their cars must be top class variations. Their doing their best to push up Chimaera values with 400's having 17-18k tickets on them.



And they seem to sell them.

SILICONEKID345HP

14,997 posts

231 months

Wednesday 15th April 2015
quotequote all
Retrim 3k ,chassis rerfurb 4 to 5k ,respray 3 to 4 k ,would that make my car or anyone else`s worth 30k ?


If it did all that work would be a no brainer .

Edited by SILICONEKID345HP on Wednesday 15th April 19:58

Chuffmeister

3,597 posts

137 months

Wednesday 15th April 2015
quotequote all
They sell with a warranty too...

ianwayne

6,292 posts

268 months

Thursday 16th April 2015
quotequote all
I noticed recently one Chimaera they had at Fernhurst for about £12k (low for them) because it was like mine: Facelift, Silver, 80k + miles. No mention of warranty at the time either although as a dealer, they have to allow a short warranty (a whole other can of worms discussed at length on other forums about sale of goods act / 28 days / 3 mths min etc.)
Their warranties are often 24 month on their top priced cars which is probably worth the extra money, IF it's a good one. Most aftermarket ones are rubbish. Something has to basically snap, all wear & tear items exempt of course. They recently sold a Cerbera for only £10,500 which is cheap for any dealer, let alone Fernhurst :

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




Chuffmeister

3,597 posts

137 months

Thursday 16th April 2015
quotequote all
Most after market warranties are offered by warranty companies and have more 'opt out' clauses than a politician. I do believe that Fernhurst offer their own warranty on their cars and the ones with the two year warranty are thoroughly prepared.

You can purchase a car without a warranty, but it must be sold as spares or repairs.

ads

1,368 posts

257 months

Tuesday 21st April 2015
quotequote all
Well I think Chims are under-valued. I personally wouldn't let my 29k miler 2 owner, owned for the last 12 years, almost concours car go for less than £20k. Irrelevant as I'm not selling. smile

Why are the Chim's so under valued compared to other classic low volume sports cars?

ChilliWhizz

11,992 posts

161 months

Tuesday 21st April 2015
quotequote all
ads said:
Why are the Chim's so under valued compared to other classic low volume sports cars?
1. Large numbers (relatively) produced so not got the rareity value of other models
2. Bought by (some) people who don't maintain them/let the chassis rot then have to sell 'cheap'
3. Owners (historically) tend to talk the values down, can be seen quite often on the forum
4. Often seen as the 'cheap' alternative to the Griff, (see also point 1 above) which tends to have a knock on effect on perceived value
5. Used to be lots of 'tatty' ones about(see also point 2 above) going cheap so buyers expect them all to be cheap - you don't see many (if any) 'tatty' Griffs about....
6. Without the 'iconic' status it's seen as a fibre class car built in a shed with a Rover engine (like a lot of kit cars) and a lot of bits off other motors that can be picked up for peanuts from any breakers yard..

I could go on....

JimTC

270 posts

217 months

Tuesday 21st April 2015
quotequote all
ChilliWhizz said:
1. Large numbers (relatively) produced so not got the rareity value of other models
2. Bought by (some) people who don't maintain them/let the chassis rot then have to sell 'cheap'
3. Owners (historically) tend to talk the values down, can be seen quite often on the forum
4. Often seen as the 'cheap' alternative to the Griff, (see also point 1 above) which tends to have a knock on effect on perceived value
5. Used to be lots of 'tatty' ones about(see also point 2 above) going cheap so buyers expect them all to be cheap - you don't see many (if any) 'tatty' Griffs about....
6. Without the 'iconic' status it's seen as a fibre class car built in a shed with a Rover engine (like a lot of kit cars) and a lot of bits off other motors that can be picked up for peanuts from any breakers yard..

I could go on....
Agreed - the Chimaera is a victim of its own success.

Anyone thinking of restoring a Chimaera or a Griffith will likely pick the latter as, apart from the initial purchase cost, the restoration costs are broadly similar, but resulting value much higher.

We need pricing for good condition 'original' Chimaeras to continue to rise as this will encourage owners to invest more in keeping their cars up to scratch.

We all know they're great cars and more than a match for Griffs smile




Trevor450

1,751 posts

148 months

Tuesday 21st April 2015
quotequote all
I've got an agreed value at £20k after refurbishment (including chassis and engine rebuilds). It owes me £25k really and a dealer may try it at that retail but I think £20k is fair but I will be keeping an eye on values.

SILICONEKID345HP

14,997 posts

231 months

Tuesday 21st April 2015
quotequote all
Trevor450 said:
I've got an agreed value at £20k after refurbishment (including chassis and engine rebuilds). It owes me £25k really and a dealer may try it at that retail but I think £20k is fair but I will be keeping an eye on values.
An agreed value from the insurance company as nothing to do with how much you can sell it for .

I could insure mine for 50k if I wanted to pay the premium .

JimTC

270 posts

217 months

Tuesday 21st April 2015
quotequote all
Trevor450 said:
I've got an agreed value at £20k after refurbishment (including chassis and engine rebuilds). It owes me £25k really and a dealer may try it at that retail but I think £20k is fair but I will be keeping an eye on values.
I presume from your forum name that it's a 450?

JimTC

270 posts

217 months

Tuesday 21st April 2015
quotequote all
And just out of interest, why haven't V8 Wedge values done so well over the years?

Trevor450

1,751 posts

148 months

Tuesday 21st April 2015
quotequote all
SILICONEKID345HP said:
Trevor450 said:
I've got an agreed value at £20k after refurbishment (including chassis and engine rebuilds). It owes me £25k really and a dealer may try it at that retail but I think £20k is fair but I will be keeping an eye on values.
An agreed value from the insurance company as nothing to do with how much you can sell it for .

I could insure mine for 50k if I wanted to pay the premium .
Not necessarily, Classicline state that the agreed value has to be realistic!

Trevor450

1,751 posts

148 months

Tuesday 21st April 2015
quotequote all
JimTC said:
Trevor450 said:
I've got an agreed value at £20k after refurbishment (including chassis and engine rebuilds). It owes me £25k really and a dealer may try it at that retail but I think £20k is fair but I will be keeping an eye on values.
I presume from your forum name that it's a 450?
It is.

ChimpOnGas

9,637 posts

179 months

Tuesday 21st April 2015
quotequote all
JimTC said:
And just out of interest, why haven't V8 Wedge values done so well over the years?
Because to many the aesthetics of a Wedge remain an acquired taste.

And the Chim/Griff not only put pay those challenging looks but solved many of the engineering weaknesses of earlier TVRs.

2 sMoKiN bArReLs

30,254 posts

235 months

Tuesday 21st April 2015
quotequote all
Trevor450 said:
JimTC said:
Trevor450 said:
I've got an agreed value at £20k after refurbishment (including chassis and engine rebuilds). It owes me £25k really and a dealer may try it at that retail but I think £20k is fair but I will be keeping an eye on values.
I presume from your forum name that it's a 450?
It is.
..but you're not called Trevor? hehe

Trevor450

1,751 posts

148 months

Tuesday 21st April 2015
quotequote all
Possibly not! whistle

SILICONEKID345HP

14,997 posts

231 months

Tuesday 21st April 2015
quotequote all
Trevor450 said:
Not necessarily, Classicline state that the agreed value has to be realistic!
Is that a guarantee you will sell it for the agreed valuation ..?

This comes up on car adverts,ebay ,kitsandclassics etc which means absolutely nothing .

SILICONEKID345HP

14,997 posts

231 months

Tuesday 21st April 2015
quotequote all
ChimpOnGas said:
Because to many the aesthetics of a Wedge remain an acquired taste.

And the Chim/Griff not only put pay those challenging looks but solved many of the engineering weaknesses of earlier TVRs.
What about the front bodge ball joint on the Chimaera rolleyes They did not get that right .