Seriously Overpriced Cars

[aaron_2000]

MehrunesDagon said:

https://www.autotrader.co.uk/classified/advert/202...


2003 MK4 GTI in 'gold'.. for £4.5k?!

(Random postcode for obvious reasons)

You can just delete the postcode and it works fine

[Pommy]

LarJammer said:

Another Porsche. I'm sure its lovely and everything but who is going to pay over double the going rate? A 968CS for £60k. SIXTY GRAND!
https://www.autotrader.co.uk/classified/advert/201...

4 star classic who aren't cheap had 2 a month ago for sub £30k and had AC.

[glazbagun]

MehrunesDagon said:

https://www.autotrader.co.uk/classified/advert/202...


2003 MK4 GTI in 'gold'.. for £4.5k?!

(Random postcode for obvious reasons)

It's not even the 1.8t! £4.5k for the most mundane Golf GTI ever made.

[s m]

Car_Nut said:

Very nice, maybe the best around, but £40k for a Mk1 Golf GTI? https://www.carandclassic.co.uk/car/C1241533.

Probably one day that will be the going rate, but not yet..

They’re at about 27k for the best at the moment

[A1VDY]

glazbagun said:

MehrunesDagon said:

https://www.autotrader.co.uk/classified/advert/202...


2003 MK4 GTI in 'gold'.. for £4.5k?!

(Random postcode for obvious reasons)

It's not even the 1.8t! £4.5k for the most mundane Golf GTI ever made.

We took the 2.0 mundane, no hope GTI in last month. In Silver 80k miles 03plate..£500..

[Car_Nut]

Driver101 said:

Car_Nut said:

Very nice, maybe the best around, but £40k for a Mk1 Golf GTI? https://www.carandclassic.co.uk/car/C1241533.

Probably one day that will be the going rate, but not yet..

Link doesn't work.

Try this https://www.petervardy.com/item/173040/VOLKSWAGEN/...

[lee_erm]

Car_Nut said:

Try this https://www.petervardy.com/item/173040/VOLKSWAGEN/...

You could get a couple of Talbot Sunbeams for that. Mental

[Jimmy Recard]

Glasgowrob said:

some of the cars and the prices are nuts.

i've got an Omega MV6 i'm umming and aahing over sinking a couple of grand into for resto

maybe should just stick it on ebay and watch it fly out the door

3.0 manual?

[sim72]

monzaxjr said:

Mk3 Golf Gti 2.0 8v. 133k on the clock. Been on sorn and neglected for 8 years. Looks pretty rough. Yours for £5000.

Lucky if it's worth £500



https://www.carandclassic.co.uk/car/C1244378

Down to £2,000 now. Still massively overpriced, obviously.

I might just about shell 2K out for a mint 16-valver, but the only 8v that are worth anything (unless they're stupidly low mileage) are the special editions.

Here's another one - £4495.

https://www.carandclassic.co.uk/car/C768259

"THESE MK3 3 3 DOOR GTI's ARE STARTING TO CATCH UP PRICE WISE WITH THE MK1 AND MK2's SO NOW IS THE TIME TO GRAB ONE".

No. Really they aren't.

Edited by sim72 on Sunday 19th July 00:44

[Driver101]

Car_Nut said:

Driver101 said:

Car_Nut said:

Very nice, maybe the best around, but £40k for a Mk1 Golf GTI? https://www.carandclassic.co.uk/car/C1241533.

Probably one day that will be the going rate, but not yet..

Link doesn't work.

Try this https://www.petervardy.com/item/173040/VOLKSWAGEN/...

That works.

I've been in that showroom a few times. The cars were nowhere near the standard they should have been.

[ensignia]

Low miles at 22k and what looks like a decent spec but £22,500 for a 2006 Audi S8 is insane. I've seen a few of these ads from private sellers where the car is just absurdly overpriced; AT even give you a recommended price so it's not as if people are completely unaware!

https://www.autotrader.co.uk/classified/advert/202...


For comparison here's a 2013 model with 51k on the clock for the same price and from a respected dealer

https://www.autotrader.co.uk/classified/advert/202...

[A1VDY]

ensignia said:

Low miles at 22k and what looks like a decent spec but £22,500 for a 2006 Audi S8 is insane. I've seen a few of these ads from private sellers where the car is just absurdly overpriced; AT even give you a recommended price so it's not as if people are completely unaware!

https://www.autotrader.co.uk/classified/advert/202...


For comparison here's a 2013 model with 51k on the clock for the same price and from a respected dealer

https://www.autotrader.co.uk/classified/advert/202...

Both over priced.
The 2006 model does have a quite significant difference in mileage though.
Different subject but who in their right mind would want either? Both years out of warranty and potentially both big money pits..

[mike74]

Car_Nut said:

Very nice, maybe the best around, but £40k for a Mk1 Golf GTI? https://www.carandclassic.co.uk/car/C1241533.

Probably one day that will be the going rate, but not yet..

I don't really see why ''one day'' it would be worth that... surely 80's and 90's hot hatches are now at their peak desirability in terms of the generation who these cars mean anything to and can afford to pay the already insane bubble prices, I don't think in 10 or 20 years times there'll be millennials lusting after mk1 golfs, 205's etc

[anonymous-user]

ensignia said:

Low miles at 22k and what looks like a decent spec but £22,500 for a 2006 Audi S8 is insane. I've seen a few of these ads from private sellers where the car is just absurdly overpriced; AT even give you a recommended price so it's not as if people are completely unaware!

https://www.autotrader.co.uk/classified/advert/202...


For comparison here's a 2013 model with 51k on the clock for the same price and from a respected dealer

https://www.autotrader.co.uk/classified/advert/202...

I'd be absolutley and totally stunned to the point that my heart might stop if the mileage on that 22k fourteen year old S8 is genuine. At the very least it will have gone out on one of those dirt cheap leases with a 5k mileage allowance that they had to get metal moving, and had a massive haircut before each trip to the dealer. Which might as well be a standard fit option on the cheap but stupidly low mileage lease deals that are everywhere.

Even if the mileage is to be believed it has barely turned a wheel since 2013, and if there is one thing complicated old cars don't like it's not being used. In the case of one of Piech's overcomplicated VAG follies like this then another thing they don't like is working properly without at least £5k of bills a year.

I'm sure that it's absolutely spectacular when it's working, but if you can afford to run one of these properly then you can afford to buy/lease/PCP a newer one that won't leave you at the side of the motorway or inconveniently explode when you need to get somewhere.

Edited by anonymous-user on Sunday 19th July 15:20

[Car_Nut]

mike74 said:

Car_Nut said:

Very nice, maybe the best around, but £40k for a Mk1 Golf GTI? https://www.carandclassic.co.uk/car/C1241533.

Probably one day that will be the going rate, but not yet..

I don't really see why ''one day'' it would be worth that... surely 80's and 90's hot hatches are now at their peak desirability in terms of the generation who these cars mean anything to and can afford to pay the already insane bubble prices, I don't think in 10 or 20 years times there'll be millennials lusting after mk1 golfs, 205's etc

How come that Mk 1 Mini Cooper Ss are worth more than that then, having accelerated sharply in value over recent years? As I have said before, classic cars that are regarded as icons do not follow the same rules as the end of the market that is driven by nostalgia, for reasons that I am not going to repeat yet again. The Mk1 GTI is a nailed on icon that speculators will invest in, to sit unused in air conditioned storage.

[mike74]

Car_Nut said:

How come that Mk 1 Mini Cooper Ss are worth more than that then, having accelerated sharply in value over recent years? As I have said before, classic cars that are regarded as icons do not follow the same rules as the end of the market that is driven by nostalgia, for reasons that I am not going to repeat yet again. The Mk1 GTI is a nailed on icon that speculators will invest in, to sit unused in air conditioned storage.

As you rightly say... recent years is the key.

The ZIRP/QE fuelled asset price bubble we've seen in recent years has inflated these iconic cars beyond all previous prices thanks to the speculators, so I suppose the question is will the economic conditions we've seen in recent years continue for several more decades to support the current ongoing speculative bubble.

[Car_Nut]

mike74 said:

Car_Nut said:

How come that Mk 1 Mini Cooper Ss are worth more than that then, having accelerated sharply in value over recent years? As I have said before, classic cars that are regarded as icons do not follow the same rules as the end of the market that is driven by nostalgia, for reasons that I am not going to repeat yet again. The Mk1 GTI is a nailed on icon that speculators will invest in, to sit unused in air conditioned storage.

As you rightly say... recent years is the key.

The ZIRP/QE fuelled asset price bubble we've seen in recent years has inflated these iconic cars beyond all previous prices thanks to the speculators, so I suppose the question is will the economic conditions we've seen in recent years continue for several more decades to support the current ongoing speculative bubble.

I would certainly accept that. A lot of the speculation in art, property & to a much lesser extent iconic cars, has been driven by the poor performance of traditional investments....

[waynecyclist]

ensignia said:

Low miles at 22k and what looks like a decent spec but £22,500 for a 2006 Audi S8 is insane. I've seen a few of these ads from private sellers where the car is just absurdly overpriced; AT even give you a recommended price so it's not as if people are completely unaware!

https://www.autotrader.co.uk/classified/advert/202...

Mot / mileage history is interesting to say the least also had a v5c issued 2nd July 2020

[monzaxjr]

1993 Audi 80 2.6 Avant. 186k on the clock. Rust, barried and manky paint. £6500 or £9000 with the Porsche wheels. Deluded twát.

https://www.carandclassic.co.uk/car/C1247398

Edited by monzaxjr on Monday 20th July 15:03

[monzaxjr]

2001 Audi D2 S8. 145k on the clock. Bust sunroof and wheels need refurbed. £8000.

https://www.carandclassic.co.uk/car/C1247349