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WorAl

Original Poster:

10,877 posts

218 months

Wednesday 2nd December 2009
quotequote all
Can people please stop putting their cars up for sale so frigging cheap!!!

First page in the Classifieds - 3/4 cars £12k or under with more than half of those under £10k.

greenm

473 posts

230 months

Wednesday 2nd December 2009
quotequote all
I agree although most of them are over ten years plus and 4.2s with fairly high mileage and condition wise hard to tell plus not many cheap ones with full upgrades but still wished they were a bit higher makes mine look expensive for a new buyer although nothing needs doing at all

verminator

723 posts

262 months

Wednesday 2nd December 2009
quotequote all
I hope these people selling their cerbs for £10000 will look back in 10yrs time and say you cant buy a box of cerb bits for that now.biggrin

dirty boy

14,859 posts

239 months

Wednesday 2nd December 2009
quotequote all
greenm said:
I agree although most of them are over ten years plus and 4.2s with fairly high mileage and condition wise hard to tell plus not many cheap ones with full upgrades but still wished they were a bit higher makes mine look expensive for a new buyer although nothing needs doing at all
I still think yours is remarkable value.

Sadly I have one.


ARDA

189 posts

206 months

Thursday 3rd December 2009
quotequote all
dirty boy said:
greenm said:
I agree although most of them are over ten years plus and 4.2s with fairly high mileage and condition wise hard to tell plus not many cheap ones with full upgrades but still wished they were a bit higher makes mine look expensive for a new buyer although nothing needs doing at all
I still think yours is remarkable value.

Sadly I have one.
i was looking at the auto trader cheapest 4.5 was £15999

prettyboyben

170 posts

209 months

Thursday 3rd December 2009
quotequote all
yeah i agree, if there are only 400 left like it says in classic and sports car then most of the owners must surely be on here so we can surely start to dictate the prices! bring them up a bit. if the prices come up across the board people will have to pay it wont they!!

m60ddy

631 posts

242 months

Thursday 3rd December 2009
quotequote all
prettyboyben said:
yeah i agree, if there are only 400 left like it says in classic and sports car then most of the owners must surely be on here so we can surely start to dictate the prices! bring them up a bit. if the prices come up across the board people will have to pay it wont they!!
Isn't that illegal?????

At some point in time I intend to buy a Cerb just at the moment circumstances don't allow, however when the time is right I don't want to think prices are artificially high just because other owners got to gether to set what they think should be a realistic price.

Gazzab

21,648 posts

312 months

Thursday 3rd December 2009
quotequote all
m60ddy said:
prettyboyben said:
yeah i agree, if there are only 400 left like it says in classic and sports car then most of the owners must surely be on here so we can surely start to dictate the prices! bring them up a bit. if the prices come up across the board people will have to pay it wont they!!
Isn't that illegal?????

At some point in time I intend to buy a Cerb just at the moment circumstances don't allow, however when the time is right I don't want to think prices are artificially high just because other owners got to gether to set what they think should be a realistic price.
YOu dont really believe this would happen would you? My car is £30K if you are interested.

VPower

3,598 posts

224 months

Thursday 3rd December 2009
quotequote all
Or if you want a cheap one?

You can have mine for ONLY £20,000!


mikeinsheffield

1,038 posts

215 months

Thursday 3rd December 2009
quotequote all
I can't help feeling that there's a growing divide in the Cerb market, and a look again at the classifieds seems to confirm this.

At one end there's the early cars, '97 year, lots of higher mileage 4.2's, and the Speed 6 cars without rebuilds..... these are down arround the £10-12K mark. Yes, there are always those "damage repairables" and some cars with lots of miles / poor condition / etc that will come in less than £10K. At the other end are the later year models, the sorted cars, the looked after / well maintained / good condition cars. These have, are, and will continue to command a premium... mid - to - late £teens up to £20k - it would have to be a VERY special Cerb to be worth more that that (in my humble opinion) in the current financial market / recession.

The real shame is that the cheaper cars are in danger of being purchased by people who haven't budgeted for the ongoing service / repair / upgrade costs for running such a high performance, essentially hand-built car, who see lots of performance / looks / presence for the initial purchase money (ooooh! look at the shiny paintwork! - no rust!). Don't get me wrong, I'm not trying to be snobbish with a "if you aren't rich you shouldn't own one" attitude (there's nowt wrong with someone who loves TVRs buying a cheaper one in the knowledge that it's going to cost a bit to keep it running in good condition / is into their home maintenance), it's just that if you were in the market for a sporty car, had a £10-12K budget, and realised that you might be able to buy what some consider to be one of the ultimate TVRs, if not one of the ultimate sports cars, then surely you'd be tempted???? Perhaps go all "shiny new car" syndrome when seeing one? Get taken for a test ride and feeling the sheer performance of one (surely that would tempt many?) - all enough to perhaps let their heart rule over their head???

Then they try running it on the budget they had for perhaps a performance German saloon / coupe or fast Jap turbo car?? Perhaps the cheaper Cerb was cheaper for a reason? Perhaps they don't thoroughly warm it up before pressing on? Perhaps they get the oil / filter change done at a local non-TVR specialist to save costs / in ignorance?? Perhaps it's parked outside and starts to leak / not start etc? Perhaps things start to go wrong with it, they can't afford to put back to tip top condition??

Then bingo, another "cheap" Cerb appears in the classifieds, the owner really just wants rid of what they may think is an unreliable money-pit of a dog of a car, puts it up for a keen price to try and get that sale (hey, we are heading into the depths of winter, the recession ain't easing from where I'm sat, perhaps their missus has cried "enough is enough, get rid of that car before you need to spend another fortune on it")....



So.. what happens in the market?

Well, the supply of good clean cheaper older cars gets thinner on the ground, making it MUCH harder to sort the wheat from the chaff - becomes a "buyer beware" end of the market ---- so what's that going to do to prices???

Then we have the "other" end of the market..... (we all hope), the cars that are in better condition / "right spec" / fewer owners perhaps / more recent cars - if it's the right condition with the right history, the "right seller" (we all know what that means, don't we?) - then perhaps these cars will continue to be more appealing to the prospective buyer that is perhaps more fortunate that they could afford a £15-20K budget, perhaps they understand that sometimes "you get what you pay for" in life, and I'm sure that this is very true of buying a second hand TVR - very much a case of buyer beware, do your homework, watch the market, go for the right car in the right condition.

So perhaps the well looked after cars will maintain their value? I'd like to think so, but not because I'm thinking of selling (I hope mines a keeper - touch wood etc), but because the Cerbera is such a damn fine car, stunning to look at, thrilling to drive, amazing performance for the money, and to cap it all is a bit of modern British history.

You've only got to consider the laws of supply and demand to speculate that perhaps with the older / less well maintained cars perhaps (sadly) starting to slip away as they become unecconomic (to some) to put back into prime condition (think of the prohibitive costs for a full body off rebuild to someone (like me) who doesn't have the skills / knowledge / double garage / time to do it themselves?); some tragically getting crashed / written off; that what we are looking at is a depleating pool of good cars left. When that happens to something that is desireable, then that can only do one thing to the prices - but I suspect that this situation is a few years off yet.

So, for those of us that are fortunate enough to own perhaps the car of our dreams, who still get a thrill just driving the Cerb (even if it's just at weekends, or for short journeys, or for the sheer damn fun of it) and love it enough to want to look after it, perhaps we are the lucky few.

VPower

3,598 posts

224 months

Thursday 3rd December 2009
quotequote all
Very well put Mike!

And I totally agree with your evaluation of the situation!

I'd like to think that in 2 years time people will be gagging to get such an iconic car.

Steve

Pursyluv

1,949 posts

204 months

Thursday 3rd December 2009
quotequote all
mikeinsheffield said:
I can't help feeling that there's a growing divide in the Cerb market, and a look again at the classifieds seems to confirm this.

At one end there's the early cars, '97 year, lots of higher mileage 4.2's, and the Speed 6 cars without rebuilds..... these are down arround the £10-12K mark. Yes, there are always those "damage repairables" and some cars with lots of miles / poor condition / etc that will come in less than £10K. At the other end are the later year models, the sorted cars, the looked after / well maintained / good condition cars. These have, are, and will continue to command a premium... mid - to - late £teens up to £20k - it would have to be a VERY special Cerb to be worth more that that (in my humble opinion) in the current financial market / recession.

The real shame is that the cheaper cars are in danger of being purchased by people who haven't budgeted for the ongoing service / repair / upgrade costs for running such a high performance, essentially hand-built car, who see lots of performance / looks / presence for the initial purchase money (ooooh! look at the shiny paintwork! - no rust!). Don't get me wrong, I'm not trying to be snobbish with a "if you aren't rich you shouldn't own one" attitude (there's nowt wrong with someone who loves TVRs buying a cheaper one in the knowledge that it's going to cost a bit to keep it running in good condition / is into their home maintenance), it's just that if you were in the market for a sporty car, had a £10-12K budget, and realised that you might be able to buy what some consider to be one of the ultimate TVRs, if not one of the ultimate sports cars, then surely you'd be tempted???? Perhaps go all "shiny new car" syndrome when seeing one? Get taken for a test ride and feeling the sheer performance of one (surely that would tempt many?) - all enough to perhaps let their heart rule over their head???

Then they try running it on the budget they had for perhaps a performance German saloon / coupe or fast Jap turbo car?? Perhaps the cheaper Cerb was cheaper for a reason? Perhaps they don't thoroughly warm it up before pressing on? Perhaps they get the oil / filter change done at a local non-TVR specialist to save costs / in ignorance?? Perhaps it's parked outside and starts to leak / not start etc? Perhaps things start to go wrong with it, they can't afford to put back to tip top condition??

Then bingo, another "cheap" Cerb appears in the classifieds, the owner really just wants rid of what they may think is an unreliable money-pit of a dog of a car, puts it up for a keen price to try and get that sale (hey, we are heading into the depths of winter, the recession ain't easing from where I'm sat, perhaps their missus has cried "enough is enough, get rid of that car before you need to spend another fortune on it")....



So.. what happens in the market?

Well, the supply of good clean cheaper older cars gets thinner on the ground, making it MUCH harder to sort the wheat from the chaff - becomes a "buyer beware" end of the market ---- so what's that going to do to prices???

Then we have the "other" end of the market..... (we all hope), the cars that are in better condition / "right spec" / fewer owners perhaps / more recent cars - if it's the right condition with the right history, the "right seller" (we all know what that means, don't we?) - then perhaps these cars will continue to be more appealing to the prospective buyer that is perhaps more fortunate that they could afford a £15-20K budget, perhaps they understand that sometimes "you get what you pay for" in life, and I'm sure that this is very true of buying a second hand TVR - very much a case of buyer beware, do your homework, watch the market, go for the right car in the right condition.

So perhaps the well looked after cars will maintain their value? I'd like to think so, but not because I'm thinking of selling (I hope mines a keeper - touch wood etc), but because the Cerbera is such a damn fine car, stunning to look at, thrilling to drive, amazing performance for the money, and to cap it all is a bit of modern British history.

You've only got to consider the laws of supply and demand to speculate that perhaps with the older / less well maintained cars perhaps (sadly) starting to slip away as they become unecconomic (to some) to put back into prime condition (think of the prohibitive costs for a full body off rebuild to someone (like me) who doesn't have the skills / knowledge / double garage / time to do it themselves?); some tragically getting crashed / written off; that what we are looking at is a depleating pool of good cars left. When that happens to something that is desireable, then that can only do one thing to the prices - but I suspect that this situation is a few years off yet.

So, for those of us that are fortunate enough to own perhaps the car of our dreams, who still get a thrill just driving the Cerb (even if it's just at weekends, or for short journeys, or for the sheer damn fun of it) and love it enough to want to look after it, perhaps we are the lucky few.
You've summarised my thought process exactly, mind you it took me 12 weeks to get to this conclusion, but i'm glad it did!

JensenA

5,671 posts

260 months

Thursday 3rd December 2009
quotequote all
Well put Mike, I agree with you.

In this weeks AutoExpress there is a pull out feature of the "Greatest Jaguar's". Now I don't know too much about old Jag's, but I am aware of the iconic models like the XK120, XK150 and E-Type. The article lists the numbers made for these 'Iconic' Jags, the figures surprised me, compared to the under 2000 Cerbera's ever made.
XK120 - 12,064
XK150 - 9,385
E-Type - 13,490

Makes you wonder (or hope) what might happen to the good original Cerb's in the years to come.

Jackal83

178 posts

204 months

Thursday 3rd December 2009
quotequote all
very well put mike..
I think the cerbs that ar'nt being looked after sat on somebodys drive way in the damp are just going to drop out the market altogether... be broken up into spares for the rest of us and as a result the value of the better cars will start to go up due to people always wanting one for the weekend...

I bought my cerbera with the aim of getting it back to life bought it for just under 10k... bought a cerb that had just had 10k spent on it having all the engine done... 500miles later it sat for 2 year!!! that bill must of scared the owners of her. There where little bits and bobs missing most now are on the car and its getting better every day i spend time on her..... It pleases me to sort it out... I really want to do a whole body off restoration on her and get her bang up to shape but i think that might have to be next winter.

bobbins

1,413 posts

237 months

Friday 4th December 2009
quotequote all
JensenA said:
E-Type - 13,490

Makes you wonder (or hope) what might happen to the good original Cerb's in the years to come.
Was amazed when I heard this number of E-types were made on an episode of Classic Cars I saw recently. Certainly makes ours look pretty exclusive eh?!

al 350i

974 posts

225 months

Friday 4th December 2009
quotequote all
it is possible to control the price of cars, try looking for a caterham 21 nearly all for sale will be through the owners club but then i believe there are only about 48 ever made

BLUETHUNDER

7,881 posts

290 months

Friday 4th December 2009
quotequote all
JensenA said:
Well put Mike, I agree with you.

In this weeks AutoExpress there is a pull out feature of the "Greatest Jaguar's". Now I don't know too much about old Jag's, but I am aware of the iconic models like the XK120, XK150 and E-Type. The article lists the numbers made for these 'Iconic' Jags, the figures surprised me, compared to the under 2000 Cerbera's ever made.
XK120 - 12,064
XK150 - 9,385
E-Type - 13,490

Makes you wonder (or hope) what might happen to the good original Cerb's in the years to come.
When you look at those numbers,they are quite small compared with the markets they were sold in.

billy no brakes

2,675 posts

295 months

Friday 4th December 2009
quotequote all
I agree with everybody,I have got mine up for sale and I have spent thousands on it, new engine with 12000 miles Nitrons all round sports exhaust, upgraded discs, braided hoses and it goes on, but unforunatley the market dictates the price, I do not want to sell but this year has not been very good money wise,if I can keep it I will hopefully I have got some things going on and if they work out and if they do my beloved Cerb will be taken off the the classifieds, if you fellow Ceb owners want to have a whip round for me I will take it straight away rolleyesyes

Billy No Brakes

Gazzab

21,648 posts

312 months

Friday 4th December 2009
quotequote all
billy no brakes said:
I agree with everybody,I have got mine up for sale and I have spent thousands on it, new engine with 12000 miles Nitrons all round sports exhaust, upgraded discs, braided hoses and it goes on, but unforunatley the market dictates the price, I do not want to sell but this year has not been very good money wise,if I can keep it I will hopefully I have got some things going on and if they work out and if they do my beloved Cerb will be taken off the the classifieds, if you fellow Ceb owners want to have a whip round for me I will take it straight away rolleyesyes

Billy No Brakes
Suprised yours hasnt been snapped up what with one owner in 10 yrs ! Cant you sell something else so as to keep the car?

prettyboyben

170 posts

209 months

Friday 4th December 2009
quotequote all
i hope people didnt think i was being naive, and im sure what i suggested wouldnt be artificially inflating prices it would just be a case of a rare car actually achieveing the value it deserves. as other classic cars age they increase in value, why shouldnt a well looked after cerb?