Repaired barn find or damaged classic cars - end value.

Repaired barn find or damaged classic cars - end value.

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so called

Original Poster:

9,090 posts

210 months

Friday 1st August 2014
quotequote all
Hi All,
Just wanted to ask a little advise regarding the end values of cars that have been restored from a very poor condition barn find or for example a Cat D repaired car.

I have been considering an investment purchase and called into a dealer on the Continent this week to check out a couple of cars.
Both cars, being rare, low volume cars, turned out to be Cat D registered damaged and repaired cars.
The level of damage on the first was unclear but the repair work was not the best.
The second car and more rare than the first was immaculate and carried an inspection certificate for the repair work.

Both cars have prices that I consider to be ca., 20% down on UK prices hence my initial interest.

So, as it appears to be quite common to hear and see (on TV) of classic cars being repaired to very high standard (and some not so high) so to be as good as new, my question is do the restored/repaired classics demand a similar value to a classic car that has simply been well maintained.

Thanks.

so called

Original Poster:

9,090 posts

210 months

Friday 1st August 2014
quotequote all
Thanks, you hit the nail on the head.
Its an 8 year old exotic but that was very limited in numbers over a two year production and was last produced 8 years ago.

Maybe not be the best investment.

so called

Original Poster:

9,090 posts

210 months

Friday 1st August 2014
quotequote all
RichB said:
If they're 8 year old cars then they are not barn finds. They were never lost wink
So, it's a Ferrari or something like that's been written off and repaired. Correct?
Yes.
I don't want to give too much detail as I know the dealer comes on PH and I haven't made my decision yet.
The damage wasn't too excessive and my inquiries are very complimentary about the repairs and additional work but also informed me that it needs some other more general work not related to the damage.
With the knowledge I have on the car now, I just need to understand if the car would be or never be accepted as 'good one'.

I think Spoodler confirmed my concerns.
Its fair that a very old car can suffer some damage over the years and the repairs don't detract but if its fairly new then not so.

Edited by so called on Friday 1st August 15:25

so called

Original Poster:

9,090 posts

210 months

Monday 4th August 2014
quotequote all
Ha Ha well done gianlu and DanCat, hardly gave any clues but you identified the car.

I called in to Target Cars last Wednesday on the way to Germany in my Tuscan.
As you say, TVR prices are rising quite steeply. With my Tuscan I paid only 24k for it in 2009 and its now easily into the 30's.
I was interested in a T350 that Target have. It is also a Cat D but I didn't realize until I got there.
The Sagaris looks absolutely fantastic in the flesh with certified repair work (listing the original damage) and from my inquiries has quite a bit more work done than just the repairs.
The Indy that looks after my Tuscan also knows this Sag and the original owner and so I have some useful info that I don't want to post online.

The cat D has stopped me from buying but I cant get the car out of my head silly