Resale Value of an Upgraded Caterham
Discussion
I have only had my Caterham for a few months and was looking at upgrading the power and suspension.
I know that with most other cars, if not all, you cant really sell a modified car to include the costs of the upgrades. How is it with Caterhams? If I go to a respected specialist and get the upgrades done, can I factor in the costs, or at least a percentage of them, in any subsequent sale price??
I know that with most other cars, if not all, you cant really sell a modified car to include the costs of the upgrades. How is it with Caterhams? If I go to a respected specialist and get the upgrades done, can I factor in the costs, or at least a percentage of them, in any subsequent sale price??
Yes you can but in general you would get a greater return by removing upgraded parts and refitting the originals. Then sell on the parts separately.
Valuing those parts is difficult.
In general as a very very wide guide I would expect parts to achieve between 50% and 70% of the original cost depending upon demand condition age ....... etc.
It does depend upon what upgrades you chose and whether they are perceived as being the best options.
Hope that helps.
Valuing those parts is difficult.
In general as a very very wide guide I would expect parts to achieve between 50% and 70% of the original cost depending upon demand condition age ....... etc.
It does depend upon what upgrades you chose and whether they are perceived as being the best options.
Hope that helps.
SimonRogers said:
Yes you can but in general you would get a greater return by removing upgraded parts and refitting the originals. Then sell on the parts separately.
Valuing those parts is difficult.
In general as a very very wide guide I would expect parts to achieve between 50% and 70% of the original cost depending upon demand condition age ....... etc.
It does depend upon what upgrades you chose and whether they are perceived as being the best options.
Hope that helps.
Yes that does help thanks.Valuing those parts is difficult.
In general as a very very wide guide I would expect parts to achieve between 50% and 70% of the original cost depending upon demand condition age ....... etc.
It does depend upon what upgrades you chose and whether they are perceived as being the best options.
Hope that helps.
I have an ex academy K series but it is in very good condition and already has a minor increase in power to give the car some urgency but I would like slightly more power, possibly lower down the rev range.
Biggest issue with upgrading an ex-race car is that you remove the race-car-market from the buyers pool because it's no-longer race-eligible.
An academy car has a market in roadsports/supersports/graduates etc, but as soon as it's modified it loses that market.
Ironically, you'd be better off upgrading a road/track day car than a race car.
HTH
Jonny
BaT
An academy car has a market in roadsports/supersports/graduates etc, but as soon as it's modified it loses that market.
Ironically, you'd be better off upgrading a road/track day car than a race car.
HTH
Jonny
BaT
If you have a Seven you have already made a selfish and nonsensical purchase at an obscene price- and as you have found it's all worth it. Don't get hung up about practical stuff like resale values- if you want to upgrade (and you know you really really really do ) then JFDI. Your quality of life will improve and you will unlock the garage with an even bigger smile . Trust me on this.
Gassing Station | Caterham | Top of Page | What's New | My Stuff