What Happening to Cerbera Prices!!!!
Discussion
Whats happening to Cerbera prices?
I have been thinking of buying for about six months and am now in a position to do so but the prices of Cerberas seem to be in free fall. You might think this is good for someone looking to buy but the downward trend is starting to make me nervous about depreciation once I do buy.
I now know of 1998 4.2 Cerberas selling for as little as £15K and even 4.5's down as low as £18K and the vehicles I am referring to were all main dealer maintained with less than 25,000 miles on the clock.
Plus when you look through piston heads there are great looking cars that have been for sale privately for months and when you speak to the people who have sold they had to end up letting the cars go for way less than the asking prices.
I have been thinking of buying for about six months and am now in a position to do so but the prices of Cerberas seem to be in free fall. You might think this is good for someone looking to buy but the downward trend is starting to make me nervous about depreciation once I do buy.
I now know of 1998 4.2 Cerberas selling for as little as £15K and even 4.5's down as low as £18K and the vehicles I am referring to were all main dealer maintained with less than 25,000 miles on the clock.
Plus when you look through piston heads there are great looking cars that have been for sale privately for months and when you speak to the people who have sold they had to end up letting the cars go for way less than the asking prices.
I looked at a 4.5 Fernhurst had for sale and spoke to the previous owner. He had advertised it for £23K had no response at all and eventually Fernhurst bought it from him for just £18K, they then loaded it with a £7K margin (pretty healthy margin) and put it up for £25K. By the way the same dealers offered me £5K below book for my car in PX! Luckily for me I have just sold it privately.
Some peaple seem to think dealer cars are in some way better than private, but in fact most dealers buy stock from Top marquaes then load a margin!
Some peaple seem to think dealer cars are in some way better than private, but in fact most dealers buy stock from Top marquaes then load a margin!
Part of the fun of owning a Cerbera is their exclusivity, Falling prices would mean they become more accessable. Before you know it they'll be doughnutting round carparks with blue underlighters and "ON A MISSION" stickers in the back window. Going too far? I hope so.
>> Edited by ches on Monday 21st October 23:05
>> Edited by ches on Monday 21st October 23:05
ches said: Part of the fun of owning a Cerbera is their exclusivity, Falling prices would mean they become more accessable. Before you know it they'll be doughnutting round carparks with blue underlighters and "ON A MISSION" stickers in the back window. Going too far; I hope so.
Yes but in the hands of people like that they won't last 5 minutes (either they'll get crashed or break due to lack of TLC) and become exclusive again
wheres the surprise in a dealer paying only 18k to buy in a cerb? dealers almost always offer silly prices and then stick a huge margin on them.when i bought mine in april this year there were a few cars around at maybe 17k but i wasn't impressed,a dealer in harrogate had one for 25k,(96model) which i thought was too much so i bought from a specialist for 19k with 20k miles the cars better now than when i bought it so who knows what its worth,but there are definately some rough cars out there.if you like what you see in a car and the price is realistic then go for it but don't buy a car just because its cheap.
All TVR's are now subject to ridiculous depreciation not just Cerbera....you will often find that the only way you do not suffer astronomical depreciation is if you buy an old one...( I paid 13500 for my 4 l pre cat griff and sold it for 10 3 yrs later - not bad...) But baring in mind what has been going on with TVR reliability of late (and I know it has always been the case of people mocking TVR for unreliability(which was usually unfounded and isolated cases)) has now become a real issue in the 2nd hand market...and ignorance then applies these issues to all models rather thqn the ones concerned......You think Cerbs are in freefall you want to take a look at Tuscan's !! Not many ways around this really....just make sure you get a good one and look after it....I loved my Cerb 4.5 and even though I did suffer some depreciaton I still got a good price for it when I sold it..... don't worry too much about deprecaiton as it is a function of the seller and ifyou do not plan to sell it then who cares.....
a 4.5 at £18K is rubbish! There are always going to be the odd owner (of any car) that is desperate to sell and will take a hit on price to get the cash quickly, but this is not the norm. The typical private price for a 1998 4.5 with lowish mileage with good history and in good condition is £22-23K. Remember this is also a buyers time of year.
jurdy said: So what if a dealer buys a 4.5 for 18K. The average punter is never going to see the benefit of that. We have seen two threads appear over the last two weeks pretty much discussing the same thing, is there any chance that we move the boards back towards the technical issues????
The prices of these cars is a big discussion point and so I say we keep the forums full of whatever is in Cerbera owners and potential Cerbera owners heads at the time and not just the mechanical bits
I haven't even got one but I'm still interested to hear what the secondhand market is doing, as you never know.
JDF,
Posted an earlier response to your thread asking you to show me where a 98 4.5 was on a forecourt at 18k. You haven't been able to do that and have just highlighted a point that everyone knows. That is to say that the motor trade DO actually make a margin of the cars they sell. I mean, Hey you didn't think they did it for the love of the cars did you?
If someone is mad/desperate enough to sell their car for that sort of cash then OK but there are very few reasons why you would off your cerbie at 2-3k below trade book value.
I will ask (as this is getting very
) that we try to steer the topics back towards the technical issues/problems that current owners/enthusiasts want to discuss.
Posted an earlier response to your thread asking you to show me where a 98 4.5 was on a forecourt at 18k. You haven't been able to do that and have just highlighted a point that everyone knows. That is to say that the motor trade DO actually make a margin of the cars they sell. I mean, Hey you didn't think they did it for the love of the cars did you?
If someone is mad/desperate enough to sell their car for that sort of cash then OK but there are very few reasons why you would off your cerbie at 2-3k below trade book value.
I will ask (as this is getting very
) that we try to steer the topics back towards the technical issues/problems that current owners/enthusiasts want to discuss. Gassing Station | Cerbera | Top of Page | What's New | My Stuff