Ultra low mileage E-Types for sale (mileage not confirmed)
Discussion
One of the established dealers has entered some classifieds in the Classic Cars ads section listing very high price E-Types with advertised mileages of 7865 (S1 DHC @ £165,750), 4829 (S1 DHC @ £157,500), 3443 (S2 2+2 @ £125,750) and 5778 (S2 DHC @ £125,500) respectively, but then with the disclaimer “mileage not confirmed”.
These prices are far higher than any regular mileage cars. The Classic Cars price guide quotes the value of all these models falling, with current Concours/Dealer prices of £125,000 for the S1 DHC, £55,000 for the S2 2+2 and £75,000 for the S2 DHC.
If the mileage cannot be verified by old documentation (old MOTs, service invoices etc.), then why would anyone pay a premium of anything from £32,500 up to £70,500 for these? Surely they have either been at least once round the clock or the odometers have been replaced or reset during restoration? Nothing wrong with that really, but why not say so? Plenty of other restored E-Types on the market at normal prices.
These prices are far higher than any regular mileage cars. The Classic Cars price guide quotes the value of all these models falling, with current Concours/Dealer prices of £125,000 for the S1 DHC, £55,000 for the S2 2+2 and £75,000 for the S2 DHC.
If the mileage cannot be verified by old documentation (old MOTs, service invoices etc.), then why would anyone pay a premium of anything from £32,500 up to £70,500 for these? Surely they have either been at least once round the clock or the odometers have been replaced or reset during restoration? Nothing wrong with that really, but why not say so? Plenty of other restored E-Types on the market at normal prices.
Me personally, if I was in the market for an E-type the mileage showing would be way down my list of priorities. Checking the car over and listening would be much more important.
Also the market for classic cars is not in the best shape compared to a few years back but just like the early 90s after the late 80s boom there will be chancers still after boom prices.
Also the market for classic cars is not in the best shape compared to a few years back but just like the early 90s after the late 80s boom there will be chancers still after boom prices.
LotusOmega375D said:
One of the established dealers has entered some classifieds in the Classic Cars ads section listing very high price E-Types with advertised mileages of 7865 (S1 DHC @ £165,750), 4829 (S1 DHC @ £157,500), 3443 (S2 2+2 @ £125,750) and 5778 (S2 DHC @ £125,500) respectively, but then with the disclaimer mileage not confirmed .
These prices are far higher than any regular mileage cars. The Classic Cars price guide quotes the value of all these models falling, with current Concours/Dealer prices of £125,000 for the S1 DHC, £55,000 for the S2 2+2 and £75,000 for the S2 DHC.
If the mileage cannot be verified by old documentation (old MOTs, service invoices etc.), then why would anyone pay a premium of anything from £32,500 up to £70,500 for these? Surely they have either been at least once round the clock or the odometers have been replaced or reset during restoration? Nothing wrong with that really, but why not say so? Plenty of other restored E-Types on the market at normal prices.
It's obviously nigh on impossible to confirm the mileage of a 65 year old vehicle . The mileages quoted are inevitably the miles covered since restoration , unless of course its that rarity , a low mileage car in the same hands since new . Even this unfortunately cant be guaranteed . These will attract a Premium simply because of their Provenance and the fact they are , as they left the factory . These prices are far higher than any regular mileage cars. The Classic Cars price guide quotes the value of all these models falling, with current Concours/Dealer prices of £125,000 for the S1 DHC, £55,000 for the S2 2+2 and £75,000 for the S2 DHC.
If the mileage cannot be verified by old documentation (old MOTs, service invoices etc.), then why would anyone pay a premium of anything from £32,500 up to £70,500 for these? Surely they have either been at least once round the clock or the odometers have been replaced or reset during restoration? Nothing wrong with that really, but why not say so? Plenty of other restored E-Types on the market at normal prices.
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