Used Caterham Market
Used Caterham Market
Author
Discussion

Charley Farley

Original Poster:

351 posts

234 months

Monday 4th June 2012
quotequote all
Hello all

Just wondering what is happening on the used market?
I have one for sale myself (mods- feel free to remove / re-direct- but this is not a blatant sales tactic) in the PH classifieds and had quite a bit of interest initially- but literally nothing in the last 6 weeks or so.

Fortunately I am not desperate to sell- but just wondering whether interest in this market sector has fallen or maybe my car just isn't attractive or over-priced?

Are others seeing the same?

Cock Womble 7

29,908 posts

259 months

Monday 4th June 2012
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Charley Farley said:
but literally nothing in the last 6 weeks or so.
Weird. I would have thought this was the ideal time to shift a Caterham, what with Summer being just around the corner.



Summer is just around the corner, right?

adsvx220

705 posts

212 months

Monday 4th June 2012
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I think its the specialist car sector. My vx has had no interest in the last 2 weeks so I have just dropped the price to see if it bring in more potential buyers.

Hold out, the right buyer will be along.

Good luck with the sale.

Adam

BertBert

21,221 posts

240 months

Tuesday 5th June 2012
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Strange, there's nothing that sticks out as being "wrong" with the car, looks very nice. Does it have any other "bits"? Is it widetrack? Have big brakes? Quick rack? If so, it's worth putting them in the advert.

Now that we are in June, perhaps the spring buying flourish has finished. Depends on where you are with price, if you dropped it £500 and got into the 12's that might make a difference. Not saying you need to, but to me that would make it a super buy.

HTH
Bert

Mostro

729 posts

236 months

Thursday 7th June 2012
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It's certainly a strange one in this case I reckon. It's a popular model in a strong colour, well specced with all the bits you'd want at what I'd say was already a bargain price. This caught my eye when it first came to market and I expected it to be one of those that sold within the first couple of weeks (you can pay me the fiver later!)

It's true that the market is pretty slow at the top and bottom end of the price range, and substantially modified cars are always harder to shift, but generally speaking the 'right' cars in the £14-18K bracket seem to be moving on quite well.

Have you tried a For Sale entry on Blatchat?

Best of luck with it (and for the record, no I don't know the seller or the car!)

Charley Farley

Original Poster:

351 posts

234 months

Friday 8th June 2012
quotequote all
Thanks all

Still little or no interest to date- I am guessing that the weather probably isn't helping the overall market?
It is certainly frustrating me- as it is nice to 'still' have the car- but the constant weather is hardly condusive to blatting of an evening!

Does one need to be a 7-club member to advertise on Blatchat? I didn't renew last time as I knew the car would be (very sadly!) moving on....

Personally I expect the car to be appealing- it ticks most of the aesthetic boxes- colour, black-pack- carbon wings etc... But also spec.-wise it is still largely standard with a reliable (touch-wood!) & proven engine that could provide a good base for significant upgrades to any buyer's chosen requirement.

I have already lowered the price by £750 since first marketed back in March- so I will hold as it is for now.

Will just have to sit & see what happens and hope we get some sunshine so I can actually use it whilst I still have it!

Cheers

vertew

30 posts

172 months

Friday 8th June 2012
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I just bought a caterham a couple of days ago and have been scanning the ads for the last couple of months. Cars seem to be coming and going, though things do seem have slowed up in last 2 wks. Personally, I've been eyeing Europe 'going to hell in a handcart again' which isn't exactly creating an encouraging environment for those considering a big frivolous purchase. Think this could well be a factor, combined with the long absence of any summer.

The chap I bought the car off had it on at a good price, then dropped it by £1.5k just as I phoned him - he said reason was there had been no interest at all. So I got the car for what I think is a really good price. Especially as now I've had time to take a really good look at it, I cant believe the condition - for 2003 it's immaculate. I'm terrified to drive it now in case underneath gets dirty ... !

Caterham themselves had a similar-ish car up for sale with more miles and in quite a tatty state (except re-spray) for £6k more. They were prepared to move on the price, but when I suggested fixing all the problems and knocking £4k off the price, there weren't interested.

cheers.

BertBert

21,221 posts

240 months

Friday 8th June 2012
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spill the beans then! What did you get for what price? biggrin
Bert

vertew

30 posts

172 months

Saturday 9th June 2012
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Oh all right them. Ended up paying £16.5k for a 2003 roadsport SV 1.8 vvc with 11,000 miles, 6 speed, LSD, 15" wheels, superlight suspension, dry sump, brake upgrade(?) leather seats, start button and battery master, momo, uprated brakes (?) and a fire extinguisher. From my brief-but-intensive searching this looked pretty good, but couldn't have held out much longer anyway as the yearning was taking over...............


Edited by vertew on Sunday 10th June 17:56

PipeNslippers

257 posts

202 months

Sunday 10th June 2012
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vertew said:
Oh all right them. Ended up paying £16.5k for a 2003 roadsport SV 1.8 vvc with 11,000 miles, 6 speed, LSD, 15" wheels, superlight suspension, brake upgrade(?) leather seats, start button and battery master, momo, uprated brakes (?) and a fire extinguisher. From my brief-but-intensive searching this looked pretty good, but couldn't have held out much longer anyway as the yearning was taking over...............
I recently bought a low mileage CSR260..and have been looking for a while..

I was only contemplating Duratec engined cars..mainly because of potential resale values...and reliability issues attributed to the K-Series ..gounded on reality or not..and I will be using this solely for track day use..so the engine needed to be bullet proof..hence the Cosworth..

The Duratec engined cars seem to get sold very quickly..

I must say that I find Caterham prices all over the place.and was not confident of knowing if I had a good price or not..so went for something with a very well known spec and pretty rare..and something that I would not want to modify..so the CSR it was..

I also found Caterham's dealer prices about £5,000 above the private sellers price..and with such a simple car, there did not seem much risk associated with a private purchase..what you see is what you get..


vertew

30 posts

172 months

Sunday 10th June 2012
quotequote all
PipeNslippers said:
<snip> I recently bought a low mileage CSR260..and have been looking for a while.. <snip>
I was looking at the used CSRs on the Caterham site too - if these are anything to go by, prices seem even stronger than for the S3 with CSR200 prices close to original new price. Great choice if I may say so - love the CSRs. On my list as a future upgrade if I get on with the roadsport ...

ChrisG C2S

243 posts

215 months

Sunday 10th June 2012
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vertew said:
I was looking at the used CSRs on the Caterham site too - if these are anything to go by, prices seem even stronger than for the S3 with CSR200 prices close to original new price. Great choice if I may say so - love the CSRs. On my list as a future upgrade if I get on with the roadsport ...
Funny that, they offered me a pretty poor price for my year old R400 with 1300 miles frown

Not tried to advertise it, not sure where to pitch it.

renmure

4,917 posts

253 months

Sunday 10th June 2012
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ChrisG C2S said:
Funny that, they offered me a pretty poor price for my year old R400 with 1300 miles frown

Not tried to advertise it, not sure where to pitch it.
The one that you just built??


BertBert

21,221 posts

240 months

Sunday 10th June 2012
quotequote all
vertew said:
Oh all right them. Ended up paying £16.5k for a 2003 roadsport SV 1.8 vvc with 11,000 miles, 6 speed, LSD, 15" wheels, superlight suspension, brake upgrade(?) leather seats, start button and battery master, momo, uprated brakes (?) and a fire extinguisher. From my brief-but-intensive searching this looked pretty good, but couldn't have held out much longer anyway as the yearning was taking over...............
Excellent, nice buy!

ChrisG C2S

243 posts

215 months

Sunday 10th June 2012
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renmure said:
The one that you just built??
Yeah Jim. Know anyone who might be interested?

renmure

4,917 posts

253 months

Sunday 10th June 2012
quotequote all
ChrisG C2S said:
renmure said:
The one that you just built??
Yeah Jim. Know anyone who might be interested?
Nope, but the sales guy at MMC told me on Thursday that they were looking to buy stock (he fancied my Elise) and he had made an offer on an R400.


ChrisG C2S

243 posts

215 months

Monday 11th June 2012
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renmure said:
Nope, but the sales guy at MMC told me on Thursday that they were looking to buy stock (he fancied my Elise) and he had made an offer on an R400.
Ha! Small world. I have a deal on the table with them, just not finalised yet.

Charley Farley

Original Poster:

351 posts

234 months

Wednesday 20th June 2012
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Still little or no interest... Have dropped price to £12995 to see if that generates more leads...
Down £1250 from original asking price.

If that doesn't work, I reckon I will hold onto it- happy days!

I just need to work out how to tell the wife she might need to go back to work after 6 months maternity leave rather than the 12 months originally planned!!! ;-)

I reckon that is a small price her to pay for a happy husband!

adsvx220

705 posts

212 months

Wednesday 20th June 2012
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Send her back to work lol ;-) you know you want to keep it really.

Adam

_Neal_

2,939 posts

248 months

Thursday 21st June 2012
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It did look tidy OP, just a shame both adsvx220 and I found (hopefully) nice cars closer to home. Good luck with the sale/negotiations with the Mrs smile