3000M - upgrading to modern spec
Discussion
Interesting to see the Classic car Rescue where they Did a VW Bettle and fitted an Impreza Engine in it did a great job and spent a fortune Value after work done 2 thirds of what they spent.
Just an observation i am not looking to regurgitate the previous debates on the subject it was just interesting to see
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Just an observation i am not looking to regurgitate the previous debates on the subject it was just interesting to see
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prideaux said:
Interesting to see the Classic car Rescue where they Did a VW Bettle and fitted an Impreza Engine in it did a great job and spent a fortune Value after work done 2 thirds of what they spent.
Just an observation i am not looking to regurgitate the previous debates on the subject it was just interesting to see
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"regurgitate" !!!!!. How very dare you use such language. Gracie Fields would be turning in her grave at such language I demand an apology.Just an observation i am not looking to regurgitate the previous debates on the subject it was just interesting to see
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thegamekeeper said:
prideaux said:
Interesting to see the Classic car Rescue where they Did a VW Bettle and fitted an Impreza Engine in it did a great job and spent a fortune Value after work done 2 thirds of what they spent.
Just an observation i am not looking to regurgitate the previous debates on the subject it was just interesting to see
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"regurgitate" !!!!!. How very dare you use such language. Gracie Fields would be turning in her grave at such language I demand an apology.Just an observation i am not looking to regurgitate the previous debates on the subject it was just interesting to see
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griff 200 said:
2/3 value after a restoration that is about right surely Andrew I'm thinking Tamar??? Please tell me I'm wrong ??? Lol richard
Your Right and wrong the Taimar will appreciate and catch up as it will be an older well restored original classic car in 10 years time and will be valued in line with other classic cars of the same model wherever that price may be then could be more could be less depends on the market.The modified car where the finished car is worth less than the sum of the modified parts should they be priced indevidually will depreciate in line in a similar way to a modern new car devalues once you drive it off the forecourt in the same was as a lot of Kit cars do today and yes some dont care as thats not why they build them an unmade Airfix kit is worth one price a finished Airfix kit a fraction of the kit price
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Edited by prideaux on Wednesday 17th September 23:00
Yes and no. Ha ha. But it would be really refreshing if we took the cost or the price out of doing and owning classic cars at the end of the day who cares what the car is worth as long as you can enjoy it ?????? Polish it or drive the hell out of it classic cars are all things to all men. See you soon richard
griff 200 said:
Yes and no. Ha ha. But it would be really refreshing if we took the cost or the price out of doing and owning classic cars at the end of the day who cares what the car is worth as long as you can enjoy it ?????? Polish it or drive the hell out of it classic cars are all things to all men. See you soon richard
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prideaux said:
Your Right and wrong the Taimar will appreciate and catch up as it will be an older well restored original classic car in 10 years time and will be valued in line with other classic cars of the same model wherever that price may be then could be more could be less depends on the market.
The modified car where the finished car is worth less than the sum of the modified parts should they be priced indevidually will depreciate in line in a similar way to a modern new car devalues once you drive it off the forecourt in the same was as a lot of Kit cars do today and yes some dont care as thats not why they build them an unmade Airfix kit is worth one price a finished Airfix kit a fraction of the kit price
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Andrew, that's absolute nonsense I don't know how any one could arrive at that conclusion other than to justify what they have just almost done??The modified car where the finished car is worth less than the sum of the modified parts should they be priced indevidually will depreciate in line in a similar way to a modern new car devalues once you drive it off the forecourt in the same was as a lot of Kit cars do today and yes some dont care as thats not why they build them an unmade Airfix kit is worth one price a finished Airfix kit a fraction of the kit price
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Edited by prideaux on Wednesday 17th September 23:00
There are far to many variables involved to come to the conclusion you have.
Apologies if you think that's a bit harsh, but I think you're so far off the mark it's frightening.
TVRMs said:
prideaux said:
Your Right and wrong the Taimar will appreciate and catch up as it will be an older well restored original classic car in 10 years time and will be valued in line with other classic cars of the same model wherever that price may be then could be more could be less depends on the market.
The modified car where the finished car is worth less than the sum of the modified parts should they be priced indevidually will depreciate in line in a similar way to a modern new car devalues once you drive it off the forecourt in the same was as a lot of Kit cars do today and yes some dont care as thats not why they build them an unmade Airfix kit is worth one price a finished Airfix kit a fraction of the kit price
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Andrew, that's absolute nonsense I don't know how any one could arrive at that conclusion other than to justify what they have just almost done??The modified car where the finished car is worth less than the sum of the modified parts should they be priced indevidually will depreciate in line in a similar way to a modern new car devalues once you drive it off the forecourt in the same was as a lot of Kit cars do today and yes some dont care as thats not why they build them an unmade Airfix kit is worth one price a finished Airfix kit a fraction of the kit price
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Edited by prideaux on Wednesday 17th September 23:00
There are far to many variables involved to come to the conclusion you have.
Apologies if you think that's a bit harsh, but I think you're so far off the mark it's frightening.
John There are of course exceptions for example what your doing with the M making it a 5000M as its in period but fit a modern LS or Impreza engine ? as a rule a classic car modified has a Depreciation factor as it gets older where a period OE restoration does not John the markets have shown that just look at the Auction Prices of other marks and you will see what i mean.
I have seen some american Classics where they have modernised them with LS engines and done fantastic jobs on them and they are asking good money for them but in 20 years time how will that car be seen in compared with the same car that has the same quality restoration to OE spec i hope we are both around to see John only then will i be proven right or wrong
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Hmm, unanswered question, the "over" modifyed dutch M, have resently been sold in denmark for +25k£ ex road tax
And from my expirience do a well maintained modityed car (specially if it's FIA approved) keep it's value very well. But yes it's expensive to build a modified car, often double cost of restoring a car to original spec. But w.t.h as long as we enjoy building, driving and discussing them life is wortk living :-)
And from my expirience do a well maintained modityed car (specially if it's FIA approved) keep it's value very well. But yes it's expensive to build a modified car, often double cost of restoring a car to original spec. But w.t.h as long as we enjoy building, driving and discussing them life is wortk living :-)
madsvlund said:
Hmm, unanswered question, the "over" modifyed dutch M, have resently been sold in denmark for +25k£ ex road tax
And from my expirience do a well maintained modityed car (specially if it's FIA approved) keep it's value very well. But yes it's expensive to build a modified car, often double cost of restoring a car to original spec. But w.t.h as long as we enjoy building, driving and discussing them life is wortk living :-)
Good cars which are properly built, restored / modified etc etc and therefor desirable for many reasons will always command the higher prices. The fact is that we seldom see "good" cars for sale. These are often too cherished to sell or when they do sell are passed between friends for undisclosed sums. It seems a strange mentality to limit oneself to enjoying a car in a certain way on the off chance it will be a more financially astute decision in 20 plus years time..There are lots of cars I have seen recently that have been re-comissioned, some re-comissions are very good, some average and I would say in 20 years time will need much more than a freshen up to command any price…Every car out there will attract a different type of owner. some like modified, some like standard, some have a weird view of its not really modified but its period. If it works from them then live and let live. Properly built cars though are valuable. I just haven't seen many for sale of a quality to test the theory stated above…… I bet you aren't planning on selling yours any time soon Mads And from my expirience do a well maintained modityed car (specially if it's FIA approved) keep it's value very well. But yes it's expensive to build a modified car, often double cost of restoring a car to original spec. But w.t.h as long as we enjoy building, driving and discussing them life is wortk living :-)
Come to think of it I haven't seen what I consider to be a good M or Vixen for sale for many moons. I have seen cars being punted on for profit, I have seen cars which have been cherished but are being passed onto the next enthusiast because they are approaching the age of needing a re-fresh. I have also seen overpriced hammerite restos with cheap parts masquerading as restored. I haven't seen many properly restored TVR's in the last few years, not ones for sale at any rate.
D.
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