£14.5K Tuscan on Ebay.
Discussion
http://cgi.ebay.co.uk/2000-TVR-TUSCAN
Blimey...even if it needs a rebuild...that's cheap.
Mileage not indicated.
Blimey...even if it needs a rebuild...that's cheap.
Mileage not indicated.
jigsty said:
Yeah - but that's the Buy It Now price - the current bid's only at 11500 - it could fetch much less than 14.5K - the sub-10K Tuscan can't be far away - when will they bottom out and at what level?
There's no obligation to sell unless it hits the reserve. I'm guessing it's around £14,499. I think sub 10k Tuscan is a long way off. No one would sell at that price unless they had to raise cash very fast. It's still supercar performance and now that a number of Indy engineering companies are offering fixes for the engine I can't see prices dropping much below the 17k mark for a well looked after standard car. Although you can pick up Cerberas for 13-14k now, but you always get what you pay for, and no matter what the purchase price, it's more about having the funds to run it/service it/insure it properly. Plus production has ceased at TVR for the moment so no new cars coming out to increase the drop in prices.
Oh I do so wish I had your faith - but with the recent badly managed press releases regarding factory layoffs and closure/relocation I fear that new customers for second-hand Speed Six cars will be slow to materialise -- unless they are offered at really give-away prices. Even the MD David Oxley is talking openly in this week's Autocar about a V8 from a mainstream manufacturer for all future cars.
I hope I'm mistaken but I fear the sub-10K Tuscan is going to be reality within the year.
I hope I'm mistaken but I fear the sub-10K Tuscan is going to be reality within the year.
It's a day or so into the auction, and I don't think ebay is really a good guide on general market prices.
It's on 16" wheels, the MOT runs out this month so assume it needs a major service. You could quite possibly spend 3k getting it sorted and onto 18" rims making it £17.5k, based on the buy it now, which I don't think is far off for a very early car assuming it's got full history. May be it's been checked out for the MOT etc and needs plenty spending hence the sale. Who knows?
Early Cerbs are down into the low teens because they are 4 years or so older than early Tuscans. They can also cost £££ if let go.
It's on 16" wheels, the MOT runs out this month so assume it needs a major service. You could quite possibly spend 3k getting it sorted and onto 18" rims making it £17.5k, based on the buy it now, which I don't think is far off for a very early car assuming it's got full history. May be it's been checked out for the MOT etc and needs plenty spending hence the sale. Who knows?
Early Cerbs are down into the low teens because they are 4 years or so older than early Tuscans. They can also cost £££ if let go.
It wouldn't be the first flawed supercar to hit rock-bottom - before hopefully rising in price in the future again, when numbers have been whittled down through abuse and write-offs.
PS There's also a one owner low mileage late 2002 Tuscan with six months warranty and all the options that hasn't even raised a bid at 18K - it's going to finish in 8 hours - a real bargain for someone!
>> Edited by jigsty on Sunday 7th May 01:08
PS There's also a one owner low mileage late 2002 Tuscan with six months warranty and all the options that hasn't even raised a bid at 18K - it's going to finish in 8 hours - a real bargain for someone!
>> Edited by jigsty on Sunday 7th May 01:08
Jigs has always been a expert on Tuscan prices 
www.pistonheads.com/gassing/topic.asp?t=91801&f=5&h=0&hw=%A315k
www.pistonheads.com/gassing/topic.asp?t=73459&f=5&h=0&hw=%A315k
I`ve just sold the Tuscan, Mick, just under £19k, only £7k more than your recommendation 2 years ago
www.pistonheads.com/gassing/topic.asp?t=91801&f=5&h=0&hw=%A315k
www.pistonheads.com/gassing/topic.asp?t=73459&f=5&h=0&hw=%A315k
I`ve just sold the Tuscan, Mick, just under £19k, only £7k more than your recommendation 2 years ago
Hi Tony
As a fellow Ulsterman I'm glad you got a good price in the end
-- but your's was a famous well-known PH Tuscan with a very special registration -- and you really had to work hard over many months to get that price. Don't get me wrong I really love Tuscans and would hope to see the freefall prices bottom out sooner rather than later so that stability and even growth can return. I'm just responding to TUSC-AL's thread.
Jigsty
As a fellow Ulsterman I'm glad you got a good price in the end
-- but your's was a famous well-known PH Tuscan with a very special registration -- and you really had to work hard over many months to get that price. Don't get me wrong I really love Tuscans and would hope to see the freefall prices bottom out sooner rather than later so that stability and even growth can return. I'm just responding to TUSC-AL's thread.
Jigsty
jigsty said:
Oh I do so wish I had your faith - but with the recent badly managed press releases regarding factory layoffs and closure/relocation I fear that new customers for second-hand Speed Six cars will be slow to materialise -- unless they are offered at really give-away prices. Even the MD David Oxley is talking openly in this week's Autocar about a V8 from a mainstream manufacturer for all future cars.
I hope I'm mistaken but I fear the sub-10K Tuscan is going to be reality within the year.
If they outsource to an American V8 then prices will definitely start to hold, as one of the main reasons for purchase is that it's one of the last in a dying breed of BRITISH engineered sportscars. Every year a few more will be written off by those unwilling to respect the power of the machine. They'll become rarer and more desirable. I've always believed the Tuscan is a car for people willing to put faith in their convictions. It's hardly designed to appeal to the masses, this is it's appeal. The more I hear people write the car off, the more it confirms my decision to invest in one. So keep spreading the doom, as an owner it just makes me smile even more.
Sorry to all you Tuscan owners - I do not intend to spread doom I'm just contributing my observations.
I agree broadly with TUSC-AL's analysis with one exception - I believe it will take ten years or more for the uniqueness of the remaining Mk1 Tuscans to be valued by true collectors. Between now and then there is going to be a painful period of the Max Power boys trashing Mk1 Tuscans as a cheap disposable commodity.
Automotive history is full of similar examples - Austin Healeys, E-types, Ferraris, Aston Martins, etc., etc.
I agree broadly with TUSC-AL's analysis with one exception - I believe it will take ten years or more for the uniqueness of the remaining Mk1 Tuscans to be valued by true collectors. Between now and then there is going to be a painful period of the Max Power boys trashing Mk1 Tuscans as a cheap disposable commodity.
Automotive history is full of similar examples - Austin Healeys, E-types, Ferraris, Aston Martins, etc., etc.
TUSC-AL said:
Sadly you may be right.
I'm not so sure, why? Because I believe that if someone who has only a £10/15K budget to spend on the Tuscan will realise VERY quickly that to keep them running would ruin them financially VERY quickly. Insurance, petrol service costs are no less than £2K a year, if you can 'just' stretch to buying a 'bargain' Tuscan, you aint gonna be running it for very long - they are special cars, no matter what the purchase price, the running costs do not go down accordingly.
IMOHO
chris watton said:
Sadly you may be right.
I'm not so sure, why? Because I believe that if someone who has only a £10/15K budget to spend on the Tuscan will realise VERY quickly that to keep them running would ruin them financially VERY quickly. Insurance, petrol service costs are no less than £2K a year, if you can 'just' stretch to buying a 'bargain' Tuscan, you aint gonna be running it for very long - they are special cars, no matter what the purchase price, the running costs do not go down accordingly.
IMOHO
Which is I suspect why this car is for sale on ebay so cheaply. I could be wrong though.
chris watton said:
Sadly you may be right.
I'm not so sure, why? Because I believe that if someone who has only a £10/15K budget to spend on the Tuscan will realise VERY quickly that to keep them running would ruin them financially VERY quickly. Insurance, petrol service costs are no less than £2K a year, if you can 'just' stretch to buying a 'bargain' Tuscan, you aint gonna be running it for very long -
Erm, I can 'stretch' to a few K a year in running costs easily - in fact, I can remember several years in which the Saab cost as much, try £15K in four/five years or so for size - but I am less than willing to take out a big loan at like 8-10% for a depreciating asset that might need a £5K rebuild next month or in five years (luck of the draw). Simply put, being able to spare £5K a year on an indulgence (while covering say, 3-4,000 miles a year in it, sensible car present & accounted for) still means several years worth of savings going up in the puchase price. And I'd be kicking myself if I was still paying hundreds a month on a £15K loan for a Chimaera say three years ago, with something like £9K outstanding when what I've got on my drive would only be worth £7K in todays market.
Be realistic: we're not talking £200K when new either, and TBH £15K for a 5-6 year old £40K car with well documented 'issues' doesn't sound like overtly low residuals to me. There's no reason why TVRs should be immune to normal depreciation just because at some point in the Nineties they were. Different times now, less folks with a license to print money out there - which doesn't mean there's not a lot of folks out there who couldn't run them (properly). Even with something as extreme as a Speed Six TVR, depreciation is still the kicker, much more so than maintanance, insurance and petrol. So all in all, to wait with purchasing until the steep part of the depreciation curve has passed sounds like sensible practice to me. Maybe not what the current owners like to hear but c'est la vie.
I'd rather go for that £10K bargain when it comes and pay for it outright, than finance another £10K for a 'mint' example that's probably been sitting covered under duvets in the garage most of the time and thus is just as likely to have the same niggles and potential for vast expense. The difference between the former and the latter is likely merely the fact that the owner of the cheap example has used his/her car, got frustrated with stuff and just wants shot of it, while the latter has only came out for the occasional Sunday drive on those happy occasions where the owner probably wouldn't even have noticed if the engine was firing on 4 1/2 cylinders...
Look at M5s. Originally £60k or so and 5 year old ones can be had now for less then £20k. I guess there are a lot of similarities with the Tuscan given the worry of large bills outside the warranty period. Even the new V10 ones with 'limited' supply seem to be losing £15k or so in the first year, and the M6 is losing a lot more than that.
We should be happy that people are surprised when one comes up at £14.5k.
We should be happy that people are surprised when one comes up at £14.5k.
JIGSTY,
I think you're talking ill-informed rubbish, in all honesty, regarding tuscan prices. I sold mine 3 months ago (2000x reg tuscan 4l) for 19K, and this needed a service, tyres, etc.....and wait for it.....it had not had a re-build and it had done 25000 miles.
People have been put off regarding the engines, but at the end of the day, these sp6 tvr's are much quicker than the grifs and chimps, and more tractable than the ajp8 cerberas. They really are supercars for under 20k. The running costs are more than your beemrs and porkers, etc.... but when these go wrong you really do shell out. M3/5 owners are now having to shell out upto £1800 for one year's warranty, if the VANOS goes its 2K.
If you think you'll pick up a 10k tuscan in a year's time, it will either be a complete dog, cat C/D or the owner needs to raise the cash NOW! Good luck......
Simon
I think you're talking ill-informed rubbish, in all honesty, regarding tuscan prices. I sold mine 3 months ago (2000x reg tuscan 4l) for 19K, and this needed a service, tyres, etc.....and wait for it.....it had not had a re-build and it had done 25000 miles.
People have been put off regarding the engines, but at the end of the day, these sp6 tvr's are much quicker than the grifs and chimps, and more tractable than the ajp8 cerberas. They really are supercars for under 20k. The running costs are more than your beemrs and porkers, etc.... but when these go wrong you really do shell out. M3/5 owners are now having to shell out upto £1800 for one year's warranty, if the VANOS goes its 2K.
If you think you'll pick up a 10k tuscan in a year's time, it will either be a complete dog, cat C/D or the owner needs to raise the cash NOW! Good luck......
Simon
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