Added Value...?
Discussion
Just a thought....And a question....?
There have been several discussions and requests for uprades and additions to our cars. (Leven, Austec etc)
I would have to agree that we all would like to add that certain piece of individuality to our cars, enhancing and modifying as we go....
With what appears to be a bottoming out of the TVR 'S' market value and the reduction in most V8 TVR's (Chim/Griff)....
The question is 'Are we adding any sort of Value and potential increase in selling costs by making these additions...?
I am contemplating having the Podie addition from Austec, as well as various other cosmetic additions....
I can see the cost of these probably totalling up in the region of £1000...
Our ownership of these beautiful cars has a lifespan and only a fool would go into TVR ownership not expecting to spend out money, but will we get any of this money back...?
For those who have recently purchased an 'S' were any of the additional enhancements a factor in your decision..?
Having spoke to a number of 'S' owners they have replied 'It was on there when I bought the car' Is this seen as lucky..?
I'm am going to make these additions regardless of your thoughts, but I would like to know what you think....
Dave
There have been several discussions and requests for uprades and additions to our cars. (Leven, Austec etc)
I would have to agree that we all would like to add that certain piece of individuality to our cars, enhancing and modifying as we go....
With what appears to be a bottoming out of the TVR 'S' market value and the reduction in most V8 TVR's (Chim/Griff)....
The question is 'Are we adding any sort of Value and potential increase in selling costs by making these additions...?
I am contemplating having the Podie addition from Austec, as well as various other cosmetic additions....
I can see the cost of these probably totalling up in the region of £1000...
Our ownership of these beautiful cars has a lifespan and only a fool would go into TVR ownership not expecting to spend out money, but will we get any of this money back...?
For those who have recently purchased an 'S' were any of the additional enhancements a factor in your decision..?
Having spoke to a number of 'S' owners they have replied 'It was on there when I bought the car' Is this seen as lucky..?
I'm am going to make these additions regardless of your thoughts, but I would like to know what you think....
Dave
Hi Dave
I too am considering the Austec upgrade (actually waiting for my bonus !) as i popped in to see them recently and really want it.
As to your thread, i would say no they dont offer much additional sale value. It will make the difference between yours & someone elses but wont mean you can add the £1000 to the price.
If you spend £1000 on extras you may expect £200 extra on the price of resale but then that could be negotiated away for a deal so i would see it as disposable funds.
I have decided to keep mine for the forseeable future as i'm quite attached to it.
I was going to look at the FSE boost valve but frankly the Austec chip upgrade is the correct way to go for an increase in drivability.
cheers
Giles
I too am considering the Austec upgrade (actually waiting for my bonus !) as i popped in to see them recently and really want it.
As to your thread, i would say no they dont offer much additional sale value. It will make the difference between yours & someone elses but wont mean you can add the £1000 to the price.
If you spend £1000 on extras you may expect £200 extra on the price of resale but then that could be negotiated away for a deal so i would see it as disposable funds.
I have decided to keep mine for the forseeable future as i'm quite attached to it.
I was going to look at the FSE boost valve but frankly the Austec chip upgrade is the correct way to go for an increase in drivability.
cheers
Giles
i think this is the same for any car, not just a TVR. You never get your money back on aftermarket add ons. You might get a proportion of your money back for certain things - such as the car set up properly by austec would lead to you getting towards the higher end of the S prices. But other stuff unlikely to make much difference at all. Well known fact is not too bother with these things to ever get your money back - only personal enjoyment.
shnozz said:
i think this is the same for any car, not just a TVR. You never get your money back on aftermarket add ons. You might get a proportion of your money back for certain things - such as the car set up properly by austec would lead to you getting towards the higher end of the S prices. But other stuff unlikely to make much difference at all. Well known fact is not too bother with these things to ever get your money back - only personal enjoyment.
I'd agree with that 100%
I KNOW what my car is doing, and the fact that it has been setup properly and professionally is an added bonus to any future purchaser, and may make it easier to sell.
However, I don't see it as increasing the value, but the enjoyment I am getting out of the car is exponential in comparison with the cost (IMHO).
I have decided on where to limit my spending and where to stop... but if any S owners who are serious about the chip upgrade want to come to the next Mid-Essex meet (Sunday 14 March) demonstration runs will be provided.
Giles has pretty much covered it. I too am planning on holding the car a minimum of 5yrs, so it's a question of making it worth driving during that time.
The big thing for me was getting away from the eurobox money drain. I was fed up with spending £10k on a boring motor, only to be told it's worth £5k 2yrs later.
I bought my S2 for £5k and if I spend another £5k on it over the next 2yrs, and it's re-sale value is still only £5k at that point, then I'm no worse off. But what a fantastic car I'll have and what a great 2yrs it will have been getting there.
Andy
The big thing for me was getting away from the eurobox money drain. I was fed up with spending £10k on a boring motor, only to be told it's worth £5k 2yrs later.
I bought my S2 for £5k and if I spend another £5k on it over the next 2yrs, and it's re-sale value is still only £5k at that point, then I'm no worse off. But what a fantastic car I'll have and what a great 2yrs it will have been getting there.
Andy
Fellow S owner Slamm drove my S prior to buying her own... AND prior to the "full Podie" upgrade at Austec... andyf007 said:
The big thing for me was getting away from the eurobox money drain. I was fed up with spending £10k on a boring motor, only to be told it's worth £5k 2yrs later.
I bought my S2 for £5k and if I spend another £5k on it over the next 2yrs, and it's re-sale value is still only £5k at that point, then I'm no worse off. But what a fantastic car I'll have and what a great 2yrs it will have been getting there.
Andy
oh yes, that is something that older TVR's have as a serious benefit. People might question the running costs but they forget these cars hardly depreciate a penny. My S did not lose at all. I expect my chim may lose a little - but I dont expect it to lose much. I would rather spend my money on maintanence and benefit from the rewards than just losing it by way of depreciation.
..I'll sort it out tomorrow.
I agree with whats been said before, generally I don't think by adding on a lot of cosmetics or having big engine upgrades done will greatly enhance the cars resale value. What it may do is give the car the edge over another one when the time for selling comes.
Your OWN enjoyment of the cars performance and making it "tidy" is the first priority, what you can afford to put into it is generally what you get out.
As has been rightly said depreciation is really not a factor when comparing the "S" with a modern car.
Ive had quite a few Classic and sports cars some of which I have held for quite a few years and nearly always when sold I got my money back.
If the average "S" owner keeps his car for say 2/3 years and spends around 20percent of its original value on upgrades, I don't think that's too bad an investment IMHO.
Your OWN enjoyment of the cars performance and making it "tidy" is the first priority, what you can afford to put into it is generally what you get out.
As has been rightly said depreciation is really not a factor when comparing the "S" with a modern car.
Ive had quite a few Classic and sports cars some of which I have held for quite a few years and nearly always when sold I got my money back.
If the average "S" owner keeps his car for say 2/3 years and spends around 20percent of its original value on upgrades, I don't think that's too bad an investment IMHO.
Not forgetting if you do have some tweeks you can always take them onto the next car, a lot are actuall portable to some extent i.e. any special induction/exhaust/suspension bits, assuming you've kept the orginals 
.
You don't get something for nothing in my book, charity begins at home etc
.
Seriously, agree though, it will make the car easier to sell and not necessarily at a larger premium than a standard asmatic one, unless you happen to notice a difference in the performance and could be swayed to part with a little more
.
Harry
Me I'll have to get buried in mine now
. You don't get something for nothing in my book, charity begins at home etc
. Seriously, agree though, it will make the car easier to sell and not necessarily at a larger premium than a standard asmatic one, unless you happen to notice a difference in the performance and could be swayed to part with a little more
. Harry
Me I'll have to get buried in mine now
i totally agree with wats been said but i also feel too many mods to the interior trim,switches,dash ect could be our down fall when selling in years to come due to loosing the origanallity of the car,ie as it came out of the factory.
good to meet you at VW dave,seemed to miss everbody else had to leave a bit early
good to meet you at VW dave,seemed to miss everbody else had to leave a bit early
Bought my car for £5700 and factored-in an extra £2K to get it to how I wanted it... With all these 'new' upgrades available that may need recalculating. But I keep coming back to the SEAT Ibiza I had before, bought for £5000 sold 18 months later for £1600 I still haven't fully recovered from the shock! Never again!
s1.5f said:
I keep coming back to the SEAT Ibiza I had before, bought for £5000 sold 18 months later for £1600 I still haven't fully recovered from the shock! Never again!
I hear that!
What you send is personal taste - but whatever it is its certainly less depressing than spending on any eurobox out there!!
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