400 SE at auction - Looks nice....
Discussion
This one has been up for sale for quite a while. It's priced at £18,750 elsewhere.
http://www.carandclassic.co.uk/car/C565838
http://www.carandclassic.co.uk/car/C565838
Yes, and I can't understand why it hasn't sold up until now. Anyone wanting a sure fire, rebuilt 400 SE would have snapped it up by now. It may seem a lot of money, but you try rebuilding one. It would cost a fortune to have one built to that standard. If anything, it's actually a bargain. Lovely car.
Tony. TCB.
Tony. TCB.
celcius said:
Hi tony
Have you seen the car in the flesh
No, I've never seen the car and I don't know the owner, but in the advert it describes what has been done to it. It states the chassis was prepared by R T Racing and the paintwork by Surface and Design (the original factory boys). So you can see this was no ordinary quick rebuild. These things cost money. A great deal of money, so I'm assuming the car is an exception. Considering the money they are asking for the car, it has to be a bargain. Unless there is something I don't know about.Have you seen the car in the flesh
Tony. TCB.
JumboBeef said:
Value of car does not equal cost of original car + cost of refurb/rebuild. Too many sellers forget this.
Ordinarily I would agree with you, but when it comes to a desirable, rare and powerful iconic car, I would say the equation is more, car + rebuild costs + premium + profit = enthusiast buyerIt's basicaly worth what any enthusiast buyer is willing to pay. How many 400SE's are there for sale in that condition? He just hasn't found the right guy.
Tony. TCB.
JumboBeef said:
My old 400 was very good, and I sold it for 8k. Don't care how good that one is, its not worth more than twice as much as my old one.
Yes Jumbo, your old 400SE was very good and I used to own a yellow 400SE which was prepared (upgraded) by the same person, and that too was very good, but not in the same league as the mica red one that's for sale for 18k. Just to simplify, it's like buying a similar Wedge to the one's we had, and then spending a further 10k to rebuild it. Someone somewhere looking for an exceptional example will soon turn up and buy it. It's a shame the owner has to get rid of such a well sorted car.Tony. TCB.
ElvisWedgely said:
How many 400SE's are there for sale in that condition?
Sorry Tony but i know of one that is actually just as sorted that has just sold for 10K.....Trouble is with the ad it doesn't say anything about engine work, It all sounds very pretty but a car that has been sat around for very long periods of time which this one probably has if the mileage is genuine is not ideal, Even worst if its just been started up every now and then and left to tickover....Yes its had the chassis done..But RT never dismantled it and put it back together and although this saves a huge amount of money it possibly means that someone with no knowledge of TVR's has..Do they know what they are doing?...Was everything torqued to specification?...Were the fuel tanks checked?..Was the ECU and AFM checked and rebuilt if needed?...Was the existing wiring checked and rectified?.....Has the oil been changed in the engine & Gearbox?..What condition is the exhaust in?..Has the radiator been recored?...Has the steering rack been rebuilt...And more importantly do the headlights pop up?..Im sorry but the important part for me is missing...Info on the engine..There is no mention of power..(Even if TVR fabricated)..Oil pressure or running temps.
Don't get me wrong I'm not slagging the car off as its definitely a stunner but the realty is to sell a car for that money would require the back up of ALL original documentation ..Be a one or two owner, Have a full service history stamped in a TVR service record...Not just original handbooks...Even mine has those and receipts totalling 18.5K...I would expect trouble free motoring for at least a few years...
In my excitement when i bought my first TVR i was covered buy the TVR mist and spent 9K in total on Delilah over a 3 year period...Did i get it all back...Did i b
ks.... Does anyone get it all back?...Would someone pay 9K for a 280i that still needed the interior and paint finishing?...Probably in about 30 years.One thing that annoys me every time i hear it is..."Its worth what someone will pay"...Sorry but this doesn't help anyone!....We need to come together on this and disclose what a true value would be for these cars from non-runner to garage queen.
Next year i will be working as i said before with a particular group of people whom amongst us should be able to apply the acceptable new agreed values on to these rare hand-built British classic sports cars , Its also a personal mission of mine to stop the scrapping of non-runners or cat D Wedges.
So far i have managed to raise the book value of my 350i from 3.5K to 5K and thats with nearly 80,000 on the clock...This value has been accepted by my insurance company as official and have agreed to upgrade it even more once the paint/Lacquer is sorted.
I have also managed to help others who were dealing with insurance companies and valuations...
In truth i don't know to what extent the condition of my chassis truly is...I might of been lucky but the law of averages say's I'm probably not, However if i have to get it sorted then that cost will NOT be fully reflected in the resale value, However it will increase the valuation for insurance and raise the overall value for potential buyers....But again this needs to be realistic..And bear in mind there needs to be an appreciating value per year on these cars, Its been around £300 per year up until now so that needs to change!.
I wish the seller luck but my personal opinion is that its ahead of itself in value...A more realistic value would be around 11-13K....Wasn't this car up for sale a few years ago for 23K?...Personally i would have the SEAC for 17K.......
I'm sure I saw that 400se at Fernhursts when the silver SX was there - so must have been nearly 15 months ago or so.
I don't know why exactly, but as a whole it didn't look as good in the flesh as you would expect it to. Not saying it is a bad car as I wouldn't know from a quick look, but visually in the showroom it just didn't grab your attention.
I don't know why exactly, but as a whole it didn't look as good in the flesh as you would expect it to. Not saying it is a bad car as I wouldn't know from a quick look, but visually in the showroom it just didn't grab your attention.
this was for sale 3 half years ago on ph, at 5.999, I did not have the money, was in very good con then, this was someones car on here, the number plate big bad wedge rings a bell, I think his name was big red or some thing like that,????
Edited by superwedge on Friday 11th December 14:42
My other half wants a VW splits screen camper. These generally go for high teens for a useable one to maybe £30k for a really nice one (super rare ones aside).
I found a beautiful one for sale, massive amount spent, show winner. Seller wanted £80k. Of course it never sold. He finally put it on eBay. It reached £27k (reserve not met). The seller was completely deluded as to the true value.
A bit, I feel, like the seller of this car.
I found a beautiful one for sale, massive amount spent, show winner. Seller wanted £80k. Of course it never sold. He finally put it on eBay. It reached £27k (reserve not met). The seller was completely deluded as to the true value.
A bit, I feel, like the seller of this car.
this was Badredwedges car, the first wedge before he got a 450se.
It was a lovely car back then! Funnily enough, Darren looked at my car, considered it as it was round the corner from him (in Sheffield) and then saw this one and jumped on it in Surrey!
Good cars are worth the money. I'd bid on it if I was in the market!!
It was a lovely car back then! Funnily enough, Darren looked at my car, considered it as it was round the corner from him (in Sheffield) and then saw this one and jumped on it in Surrey!
Good cars are worth the money. I'd bid on it if I was in the market!!
I can't speak for anyone else but if I was looking for a 400SE I wouldn't hesitate in checking this one out. It's a long term investment/classic car, for the right person. You get what you pay for. Not suitable for a quick buck turnaround. That's probably why it's still for sale.
Tony. TCB.
Tony. TCB.
And I think that's the crux of it. Anyone spending that sort of wedge on that sort of Wedge is misguided it it's for investment potential. You couldn't / wouldn't drive it anything like as intended having spent that much. A waste. 400s are not incredibly rare, and are not worth that money, irrespective of condition. These cars are for driving, and deteriorate when stored for lengthy periods .
And I think that's the crux of it. Anyone spending that sort of wedge on that sort of Wedge is misguided it it's for investment potential. You couldn't / wouldn't drive it anything like as intended having spent that much. A waste. 400s are not incredibly rare, and are not worth that money, irrespective of condition. These cars are for driving, and deteriorate when stored for lengthy periods .
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