Wedge Prices !
Discussion
Been watching wedge prices on ebay and here on P/Hs. Why are they not reaching a decent price (except 390se Derbyshire !) The sun will soon be out and I would expect prices to be better. Is everyone waiting for Blair to be ousted ? or is there no money about for play things / big boys toys OR are these the sort of prices to expect. Thinking of flogging the 350 and getting something BADDER. I dont mind taking a knock on mine if the one I buy is also less than expected. 
I'm surprised that they are so similar to this time last year!
I was looking from about Feb last year and a sorted 350i was in the region of £5000-£6500. The 390's etc were going for another grand at least.
The only bargains I enquired about last year (some of which have appeared again) had some pretty big things that needed sorting.
If you can get the figure above, go for it, I'd say.
Just my two bob.
I was looking from about Feb last year and a sorted 350i was in the region of £5000-£6500. The 390's etc were going for another grand at least.
The only bargains I enquired about last year (some of which have appeared again) had some pretty big things that needed sorting.
If you can get the figure above, go for it, I'd say.
Just my two bob.
There was a discussion on this a few weeks back. The general consensus was the later model Tivs are dropping to around the £10K mark, which tends to put an upper limit on the Wedges, except for the real high flyers.
Just be thankful they're at least holding their prices. If you'd put the same money into a s/h Mondeo a couple of years ago, you wouldn't be able to fill up the tank on a Wedge with the sale proceeds now.
Just be thankful they're at least holding their prices. If you'd put the same money into a s/h Mondeo a couple of years ago, you wouldn't be able to fill up the tank on a Wedge with the sale proceeds now.
A while ago I felt that Wedge prices were on the up. Unfortunately those people who are prepared to sell for less colours the market for others.
ebay also may seem to depress prices, but remember it is an auction. If you buy a car (any car) at, for example, a classic car auction, then you may pay as low as 40-50% of that car's retail value - but you can certainly look at say 60-70%%. More notable cars and rare cars with a particular provenance will receive strong bidding to higher prices that will nudge street values on some occassions. With very rare or ultra desirable motors, auction is probably the only way to go as you will tend to get a ful price.
At an auction, a buyer expects to pay a lower price for something that is untested and unknown.
The true value of something is what someone is prepared to pay for it. Of course, having something similar to compare with may interfere somewhat.
I was recently approached regarding my 420 SEAC (the odd one) and quoted a fairly high price that I felt I might be happy to part with it for. The chap felt that was OK as he had just come into some money - and he said "I'll pay you what you want for it". Later howver when I had sent it to the workshop to have some minor niggles fixed, the sale was cancelled as he was buying it for his (younger) girlfriend and her family didn't want her to have anything powerful, as, apparently she had crashed and ditched on or two Ducatis and the like in the past!
If we all hold out for higher prices when we come to sell our Wedges then the values will go up!
ebay also may seem to depress prices, but remember it is an auction. If you buy a car (any car) at, for example, a classic car auction, then you may pay as low as 40-50% of that car's retail value - but you can certainly look at say 60-70%%. More notable cars and rare cars with a particular provenance will receive strong bidding to higher prices that will nudge street values on some occassions. With very rare or ultra desirable motors, auction is probably the only way to go as you will tend to get a ful price.
At an auction, a buyer expects to pay a lower price for something that is untested and unknown.
The true value of something is what someone is prepared to pay for it. Of course, having something similar to compare with may interfere somewhat.
I was recently approached regarding my 420 SEAC (the odd one) and quoted a fairly high price that I felt I might be happy to part with it for. The chap felt that was OK as he had just come into some money - and he said "I'll pay you what you want for it". Later howver when I had sent it to the workshop to have some minor niggles fixed, the sale was cancelled as he was buying it for his (younger) girlfriend and her family didn't want her to have anything powerful, as, apparently she had crashed and ditched on or two Ducatis and the like in the past!
If we all hold out for higher prices when we come to sell our Wedges then the values will go up!
Its not just wedges the prices of Chimaeras have fallen quite a bit in the last year, with some of the earlier ones falling to under 9K. Wedges still suffer virtually no depreciation compared to most cars, and I would guess the good ones are still going to sell well.
>> Edited by gf350 on Thursday 5th May 13:35
>> Edited by gf350 on Thursday 5th May 13:35
gf350 said:
Its not just wedges the prices of Chimaeras have fallen quite a bit in the last year, with some of the earlier ones falling to under 9K. Wedges still suffer virtually no depreciation compared to most cars, and I would guess the good ones are still going to sell well.
>> Edited by gf350 on Thursday 5th May 13:35
No that I am looking (ahem) but 9/10k Chimeras seem pretty rare on the classifieds. Or is that because PH Chims are the pick of the best...?
pwd95 said:
There's a Chimp on autotrader for £7250
With 121 on PH if you need a sale you have to price to sell, I think the Chim prices will continual to fall rapidly while Wedges will probably see a slight drop due to the numbers presently for sale (Currently 24 for sale on PH and a while since I have seen that many for sale). However I don't think you can line a wedge and chim side by side as I think a chim appeals to a larger audience and it's direct competition would be something like a Lotus Elan or maybe at a push an MX5. As for direct alternatives for a wedge I don't know, any ideas ? but definitely a smaller audience.
I must admit it is worrying wedge pricing at the moment. I am selling my price and joy unfortunately. I have it priced to get approx £5k. To date after a month I have had two emails asking if it was still available. No other questions. I responded promptly to get no response. Thats it nothing else.
My car is up together with unmarked bodywork. Miles are high compared with some but not for the engine size.
I am beginning to wonder if the market is just shrinking.
Any recent wedge buyers out there want to comment on what they looked for before buying. I am very interested in knowing what prompted your initial contact with the seller, where was it advertised etc
My car is up together with unmarked bodywork. Miles are high compared with some but not for the engine size.
I am beginning to wonder if the market is just shrinking.
Any recent wedge buyers out there want to comment on what they looked for before buying. I am very interested in knowing what prompted your initial contact with the seller, where was it advertised etc
firefox1712 said:That's all well and good in theory, but mine was advertised for 6 months last year, and I only got genuine enquiries (and subsequent sale) when I lowered the price earlier this year.
If we all hold out for higher prices when we come to sell our Wedges then the values will go up!
Exactly how long would you suggest 'holding out' for?
We are out here....I spent a year lurking on the forums (Kind of fun stalking!!!
) and a good 6 months looking at cars until the right one for me came up.
I looked on PH, Auto trader, Local papers, TVRCC Sprint/Web, E-bay...even bid for a Wedge at an auction!!!
Granted I was looking at the lower end of the scale (We all have our budgets) But within that budget I looked at 200, 280's FHC & Drop head & 350i's.
Eventually I saw my car Locally (Was on E-bay as well I later found out) and I purchased as it was, for the price, the best car I had seen & from a really nice, genuine guy. Wasn't the most expensive & well under my budget but apart from a few little niggles it was a sound car with a years TAX & MOT and meant I could get running with out any major expenses.
What really used to annoy me when looking were people not honest and wasting my time....& Adverts telling me how good the car was and then being told right at the end..."just needs 2 new tyres to get through the MOT to be perfect!!
" or some thing along those lines and the price was always top money....If you want peolpe to look...sort the car out, put the MOT on and I'm sure more people would look!!!
) and a good 6 months looking at cars until the right one for me came up. I looked on PH, Auto trader, Local papers, TVRCC Sprint/Web, E-bay...even bid for a Wedge at an auction!!!
Granted I was looking at the lower end of the scale (We all have our budgets) But within that budget I looked at 200, 280's FHC & Drop head & 350i's.
Eventually I saw my car Locally (Was on E-bay as well I later found out) and I purchased as it was, for the price, the best car I had seen & from a really nice, genuine guy. Wasn't the most expensive & well under my budget but apart from a few little niggles it was a sound car with a years TAX & MOT and meant I could get running with out any major expenses.
What really used to annoy me when looking were people not honest and wasting my time....& Adverts telling me how good the car was and then being told right at the end..."just needs 2 new tyres to get through the MOT to be perfect!!
" or some thing along those lines and the price was always top money....If you want peolpe to look...sort the car out, put the MOT on and I'm sure more people would look!!! But the main problem...so Many cars to choose from at Wedge prices...and if your not an Enthusiast you will all ways go for the easy option, MX5, MG's, Easy to run and mantain Classic's, Fast Jap cars...cars you can choose the colour of and buy tomorrow and take away and drive with out any major worries!!!
We are enthusiasts...we enjoy our cars, the little niggles, knocks, noises, trying to find that part that is no longer made, the styling...thats the fun of owning a wedge.
I think there are lots of people "into cars" out their...but I don't think that there are many "Enthusiasts" any more.
We are enthusiasts...we enjoy our cars, the little niggles, knocks, noises, trying to find that part that is no longer made, the styling...thats the fun of owning a wedge.
I think there are lots of people "into cars" out their...but I don't think that there are many "Enthusiasts" any more.
I didn't buy a Wedge to make money, but like most people it's nice if it holds it's value well.
I guess i am an enthusiast...for the Wedge! And if that means there are less people interested in buying, that gives me more choice come upgrade time.
Those in the know realise our cars are (ahem)..older TVR's...but, little boys don't and they think they are futuristic, awesome looking cars..."wow Mister, wicked car"..........makes me smile
Enjoy them for what they are.....
I guess i am an enthusiast...for the Wedge! And if that means there are less people interested in buying, that gives me more choice come upgrade time.
Those in the know realise our cars are (ahem)..older TVR's...but, little boys don't and they think they are futuristic, awesome looking cars..."wow Mister, wicked car"..........makes me smile
Enjoy them for what they are.....
On the '...holding out question....' I would suggest that if you feel your price is ultimately achievable and it is without question the sort of figure you want and you will not go substantially below it, then remove the advertisement after, say, two weeks.
I'm sure we have all seen the ads that have been around for seeming decades - and these provoke the reaction - 'ohmygawd, that's been around for ages I'm not going to touch it'. Whatever you're selling, if it's been around for too long people will avoid it - houses, cars, boats whatever.
Re-launch it onto the market at a later date, using different phrasing and different pics if possible. Keen observers may spot that it is the same thing being re-advertised, but it will still look fresh to market for the less studious market watchers and it will of course be OK for new buyers anyway. Experienced car dealers will often out a car through the trade to avoid a vehicle sitting on their lot and tainting their image with that 'unsold' look.
If you take a car off the market - so what; we're all allowed to change our minds aren't we? '..the girlfriend didn't want me to sell' - 'I couldn't bear to part with it, I've had so much fun in it!' Etc..
If you are selling quickly then you are rather approaching the 'fire sale' scenario so you will have little choice.
Of course, prices falling a little is a good thing for new recruits to Wedgedom and any others wanting to buy another Wedge. Six and two threes!
I'm sure we have all seen the ads that have been around for seeming decades - and these provoke the reaction - 'ohmygawd, that's been around for ages I'm not going to touch it'. Whatever you're selling, if it's been around for too long people will avoid it - houses, cars, boats whatever.
Re-launch it onto the market at a later date, using different phrasing and different pics if possible. Keen observers may spot that it is the same thing being re-advertised, but it will still look fresh to market for the less studious market watchers and it will of course be OK for new buyers anyway. Experienced car dealers will often out a car through the trade to avoid a vehicle sitting on their lot and tainting their image with that 'unsold' look.
If you take a car off the market - so what; we're all allowed to change our minds aren't we? '..the girlfriend didn't want me to sell' - 'I couldn't bear to part with it, I've had so much fun in it!' Etc..
If you are selling quickly then you are rather approaching the 'fire sale' scenario so you will have little choice.
Of course, prices falling a little is a good thing for new recruits to Wedgedom and any others wanting to buy another Wedge. Six and two threes!
waynester said:
I didn't buy a Wedge to make money,
... little boys ... think they are futuristic, awesome looking cars..."wow Mister, wicked car"..........makes me smile
Enjoy them for what they are.....
Spot on Waynester. I love my wedge and have no plans to sell. Just going to keep it and make it work better...
tallbloke said:
I didn't buy a Wedge to make money,
... little boys ... think they are futuristic, awesome looking cars..."wow Mister, wicked car"..........makes me smile
Enjoy them for what they are.....
Spot on Waynester. I love my wedge and have no plans to sell. Just going to keep it and make it work better...
Fully agree with Waynester & Tallbloke we have invested a large amount of money in refurbishing our cars, and we all know we wont get the full money back, we do it because we have a passion and love for them and of course the driving and people always comment on a wedge.
Bought a 350i back in 1991, it was a 1988 model for which I paid £10500 private sale. Sold it private 2 years later for £8500. Car was very nice no problems etc. I have to say that I have seen some wedges for sale but wildly overpriced IMHO, people are not going to pay over the odds unless the car is mint and I mean mint.
Now I would say wedge prices, in general are very close to bottom of price range. I compare wedge prices to Chim and Griff (early) prices, not enough V8S about to compare with. Sold my 4.3 Griff' for £13300, it was in fantastic condition but I had to really consider my ad' wording and added 12 months warranty with the car.
I just feel that people are cutting back on spending now and to sell a sports car you have to be realistic with the price, be honest with yourself and the car will sell quickly.
Only my opinion, I love the wedge but the Chim and Griff' will always hold back the price of them now.
Now I would say wedge prices, in general are very close to bottom of price range. I compare wedge prices to Chim and Griff (early) prices, not enough V8S about to compare with. Sold my 4.3 Griff' for £13300, it was in fantastic condition but I had to really consider my ad' wording and added 12 months warranty with the car.
I just feel that people are cutting back on spending now and to sell a sports car you have to be realistic with the price, be honest with yourself and the car will sell quickly.
Only my opinion, I love the wedge but the Chim and Griff' will always hold back the price of them now.
crankedup said:
Only my opinion, I love the wedge but the Chim and Griff' will always hold back the price of them now.
Maybe so. Although the wedge will always have that distinctive angularity and scarcity which will set it apart, I can see that a later model 'curvy' TiV will be more attractive to most buyers. Beauty is more than skin deep though, and the wedge has hidden virtues in terms of it's aerodynamics and strength.
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