CAT D Chim

[mikea4tdi]

Following my previous post looking for a project Chimaera.

I've come across this car that's CAT D registered
http://www.ebay.co.uk/itm/TVR-CHIMAERA-4LTR-1995-/...

It seems very light damage and might be a better bet that one for £4k that needs chassis work etc.

My concern would be resale value in the future, this car seems about £1.5k below book price for a non cat d and is getting on for high mileage.

On the one hand it could be a cheap way into Chimaera ownership, on the other little point spending money on it making it nice (i.e. retrim, carpets hood, dash) as it probably wouldn't' increase its value any.

Thoughts welcomed.

Reading another thread CAT D values are about 30-40% less, so this seems about the right price. Seem odd they would class this as a right off with so little damage (unless there was more damage that the repairer has not shown)

Edited by mikea4tdi on Tuesday 23 September 11:30

[mikea4tdi]

Not in it for the money, but wouldn't want to put lots into it, see everything else go up in value in the next 5 years and be left with a lemon.
I've got another kit car in the garage so know about not making money on projects!

Edited by mikea4tdi on Tuesday 23 September 11:57

[mikea4tdi]

Thanks Davo, hoping to pick up a bit of bargain over winter then spend some time bringing it back up to nice condition. How much did you pay for yours?