Cerbera Prices, whats going on.
Cerbera Prices, whats going on.
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Discussion

danfrith

Original Poster:

148 posts

259 months

Saturday 12th August 2006
quotequote all
Only a year or two a go Cerbera's of any age where really holding their own around the £20k mark. Price have got silly in how much they are now worth.

This car is not made anymore it should be a classic one day.

Would anyone agree its people putting Cerbera's up for sale to cheaply just to get rid of them. Because more and more people follow suit and there are soo many so cheap out there now. whats going on.

I dont want to anger anyone who is desperate to own a Cerbera and is happy you can get them so cheap now. Is it us Cerbera owners putting them up cheap? rather than sticking to a price they should be.

Just since the Cerbera has stopped being made prices have fallen in the thousands. Its making the car less prestigious.

I dont care what the price guides say, its up to Cerbera owners for how much a Cerbera is worth. Before long either a 2000 or 2001 Cerbera is going to be worth nothing?

Any feed back is welcome im not looking to anoy anyone, and any views on things i have missed would be great. But I feel if people see a few cerbera's up for £15k or so then all or a sudden it makes all cerbera's less valuable.

Funnily enough I have had alot of interest in my Cerbera at £20k but the comments i have had is i can get one 3 years older for £13k!!! Not from everyone as I have got some viewings coming up.

But it is such a great car i will not sell it cheap as i feel someone is getting too much of a bargain! Im hoping because this is a classic car the cerbera will be worth more again one day, but not if people keep selling them for silly prices, as all will follow suit. You can get some Turbo Toyota Supra's worth more??

I may keep the cerbera and garage it for weekends, as well as getting a 3rd car.

Cheers Dan

jensena

5,671 posts

259 months

Saturday 12th August 2006
quotequote all
Owners dont dictate a Cars value, the Market does, cars dont sell for what the owner thimks they are worth, they sell for what ever you can sell them for.
I recently sold my beautiful 1997 4.2 for just over £12k. Prior to seeling it I asked my Indie servicing garage what they thought I should put it up for, so it started at $14,250. I advertised it on PH, and in Autotrader, and never got a sniff. I dropped the price to under £13750 and got a couple of 'sniffs'.
4 weeks later it still hadnt sold, no phone calls recieved either. So eventually after about 4 weeks I dropped the price, and evetually it sold for £12300 to a Good home.
Now I would have liked a lot more obviously, and maybe I should have held out, but the point of selling a car is that you want to sell it! The longer you hold out, the less likely you are to sell, and if I dont sell it, then instead of being advertised at 'Only just serviced', its now got to read 'Serviced 1000mls ago' and so on, and worse case scenario is, that Winter approaches, even harder to sell, and suddenly its a year older!
So yes, you may think your car is worth £20k, and I hope you get it, but if you were buying would you pay £20k when you can get one a few years older for £13k ??
Cerberas arent a classic car yet, they are too new, hopefully proces will stabilise, but the ones that will hold there values are the Standard, unmodded pristine condition ones with full service History.

Cyclone1

2,614 posts

275 months

Saturday 12th August 2006
quotequote all
Prices are lower than they should be for the early cars.

I wouldn't know what to price mine at with all of the upgrades and work that has been done, but as they say it's a buyers market, so that would probably dictate what it's worth.

Jules.

L1OFF

3,771 posts

285 months

Saturday 12th August 2006
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In 1975 I bought a 3.8 FHC E-Type Jaguar, for ................£250, I sold my 3.8 Mk2 S for £125 to buy it, they certainly bounced back in the 80's.
Maybe Cerbs will bounce back (they should) only car I have ever regreted selling. The real problem is they fall to a price where they are bought by people that really can't afford to run them properly so they suffer neglect untill the numbers of good honest cars drop then maybe just maybe they start to come up again.

byker28i

91,557 posts

246 months

Saturday 12th August 2006
quotequote all
jensena said:
So eventually after about 4 weeks I dropped the price, and evetually it sold for £12300 to a Good home.



Thank you very much - I'm doing my best to look after it

I've always wanted a Cerbera since they were first announced. To be honest with the prices dropping to their current low, it meant I could seriously look at owning one rather than just dreaming.

I've never bought a car for it's value - I've always accepted it's going to lose money, but blimey, the ownership has been enjoyable along the way. So far, the Cerbera has beaten anything I've owned so far. You don't even have to drive it, you just find reasons to go out and admire it.

c3ber

4,714 posts

252 months

Saturday 12th August 2006
quotequote all
L1OFF said:
In 1975 I bought a 3.8 FHC E-Type Jaguar, for ................£250, I sold my 3.8 Mk2 S for £125 to buy it, they certainly bounced back in the 80's.
Maybe Cerbs will bounce back (they should) only car I have ever regreted selling. The real problem is they fall to a price where they are bought by people that really can't afford to run them properly so they suffer neglect untill the numbers of good honest cars drop then maybe just maybe they start to come up again.


No point saying anything else as i agree totally with the above.

jensena

5,671 posts

259 months

Saturday 12th August 2006
quotequote all
L1OFF said:
The real problem is they fall to a price where they are bought by people that really can't afford to run them properly so they suffer neglect


Think you hit the nail on the head there. Unless you have a lot of money a Cerbera isnt really feasible as your only Car. People are buying Cerbe because they are falling into the price bracket where people who have Imprezzas and Evo's as an everyday car, think they can buy a Cerb and use it just the same, you cant, they find it's expensive to maintain, so they sell it on. With petrol £1 a litre, you have to think twice about using a Cerbera as an everyday car, and if I was commuting say 50 miles a day, stuck in traffic all the time, I'd rather be in an air conditioned Golf Diesel than my Cerb!!

As for Mods and upgrades, I dont care what anyone says, they do NOT add valuse, they probably diminish value. Just like any other car. If you were buying say a Vauxhall Nova for your daughter which one do you buy. The one with Alloys, Lexus style lights, lowered suspension and spoliers. Or the bog standard one that the Vicars wife owns?

Theres a Cerb in this months Fast Car, stunning car, maxed out to the full, bored out 5 litre engine, induction Kit, 19" bling alloys, racing seats, it's had thousands spent on it. But in 2 years time which Car would you buy? The totally standard Cerb with Full history, or the maxed out Modded one?

Keep em standard and look after them, just like all the other classic cars, standard and pristine is the way to go to keep values up.



longbow

1,610 posts

264 months

Saturday 12th August 2006
quotequote all
I agree with what you are saying except don't be fooled by service history. The best cars will be those maintained by enthusists themselves, many of whom are on this forum. They are the ones who will fix every niggle that the car develops when it happens and learn how to look after their cars. I bought mine from an enthusiast and I bought it knowing he had done a fair bit of work himself, which I could associate with. My car has and will continue to go without a dealer stamp but I can guarantee its one of the most sorted cars there is. On the subject of how well off you need to be to own a Cerbera, although I can see your point, its a touchy subject I think. I had to quickly re-evaluate how I was going to run my car after its first £1700 bill as I knew I couldn't throw that sort of money at it every 6000 miles. I also wanted it so badly in the beginning I wasn't going to let this aspect stop me from owning one either. So I decided to maintain it myself and although it takes a while to get to know how everything works, I'm now in a position where it isn't a liability anymore so its workable and hence a much more enjoyable experience. If people can afford to buy a Cerbera, they will, because for many it is a dream to own a supercar. But maintaining it is another thing all together, especially if you have other financial commitments such as mortgage, family etc.

danfrith

Original Poster:

148 posts

259 months

Saturday 12th August 2006
quotequote all
good bit of feed back there.

to be honest jensena as i have got the buget i would much rather purchase a 2000 or newer cerbera, which has the face lift! than spend £13k on an old model.

As i did when i bought mine in the first place.

As a few people are saying on here, maybe some not all of the people buying cerbera for £13k can then not afford to run the thing.

Anyway think enough has been said!

Cheers

byker28i

91,557 posts

246 months

Saturday 12th August 2006
quotequote all
Hum, directed at me maybe?

One of the best things about buying the Cerbera I bought was that I had a 15K budget. This means I've got £3K sat away just for the first years bills. I certainly plan to keep this as long as all my other cars (6-8 years average), if not longer

caduceus

6,126 posts

295 months

Saturday 12th August 2006
quotequote all
danfrith said:

I may keep the cerbera and garage it for weekends, as well as getting a 3rd car.


Exactly what I have done. I had a gutfull of timewasters, which I have never experienced before. It got to the point where I felt I could take no more false interest, and now I'm keeping her.
Winter will be and off the road project of sorting every little niggle, and a front end respray to get rid of chips.

In the meantime she goes out whenever I get the time, and soon to be weather allowing.

jensena

5,671 posts

259 months

Saturday 12th August 2006
quotequote all
Longbow - I agree with everything you say, I work on mine every weekend, sorting out little minor niggles, nothing major, but you know what I mean. I just spent £500 on a 6k miles service, and to be quite honest I could have done it myself, and probably will next time. I sat and watched them, drain, refill, check oil levels, fit new plugs, brake pads etc, nothing special really. The bit about the service history is that unfortunately when you come to sell, the Service history is important to a FIRST time Cerb Buyer who doesnt know Cerbs. Both cars that I bought hadnt been to a garage for a service for 2 years, but I know enough about Cars, and could tell that the previous owners had looked after them, and so I bought them at a good price, but both owners had had to drop prices because potential buyers had been put off by the lack of history.
I'll still take mine to an Indie for its 12k service though, the tappets sound like a nightmare to do, but I'll save momey by doing the oil, plugs, brakes etc myself, and I think its good to have a specialist check out a car that can do 180mph every so often.

Byff

4,427 posts

290 months

Saturday 12th August 2006
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Mines up for sale for £14,800 and my wife is desperate for me to drop it to £13k so that it will sell. Sorry, but my car is worth every penny and I will not be dropping my price. I can appreciate that it's the market that sets the price, but as there are so few Cerbera's, surely we as owners can demand how much they are worth by not trying to undercut each other.

So, my message to people out there with their Cerbera's in the classifieds is to whack an extra £2k on the price - together as one Brother!

Well, we can all dream can't we?

BCA

8,651 posts

286 months

Saturday 12th August 2006
quotequote all
jensena said:
Theres a Cerb in this months Fast Car, stunning car, maxed out to the full, bored out 5 litre engine, induction Kit, 19" bling alloys, racing seats, it's had thousands spent on it. But in 2 years time which Car would you buy? The totally standard Cerb with Full history, or the maxed out Modded one?


Sorry, couldnt resist; THE MAXED OUT MODDED ONE! Easily. Because its L1OFF's ex car, and it currently belongs to NitroCerb who is more than capable of making it into an extremely reliable missile - I'd much rather a car that was owned by someone like NitroCerb as, thanks to Pistonheads and meeting him at a few events, I know how well its looked after/ been tweaked/ never had any corners cut.

Which adds in another favourable resale factor. I'd much rather buy an enthusiastic PH'ers car than one I havent read about or known how its been looked after, except seeing a few reciepts!

cossiemetro

1,092 posts

269 months

Saturday 12th August 2006
quotequote all
mine would go for £12,000-£13,000 i suppose but it will only sell if people buy it at the price they think its worth as for me if i did'nt get what i wanted its won't go
i'm not desparate and at the end of the day its bloody good fun aswell

Cyclone1

2,614 posts

275 months

Saturday 12th August 2006
quotequote all
jensena said:
[
As for Mods and upgrades, I dont care what anyone says, they do NOT add valuse, they probably diminish value.

Keep em standard and look after them, just like all the other classic cars, standard and pristine is the way to go to keep values up.


Depending on what you mean by "Mods and Upgrades" I totally disagree.

Bling items such as over large chrome wheels and tacky bodykits (not the case in Nitro Cerbs case) are what I would call worthless mods. But items such as the short induction kit, bespoke exhausts (much better quality than the std item), linked de-cats are all "Upgrades" or "Mods" that improve the car mechanically, they will no way be of detrement to the value of the car at sale time, if anything they will add value to the car. If I ever decide to buy one of the later 02-03 Cerbs then the first thing I would do are the mods I've just mentioned, that's if they haen't had them done already. TVR purple pipes are a bad design with poor quality material that look embarressing when you lift the bonnet, not only that, they restrict performance. The Std exhaust will rust and the weld will fall apart, if the car ever had it's original 420 bhp the std exhaust would prove to be restrictive, therefore replacing it with a custom built system is much more cost effective and enhances performance (how many Ferrari's have bespoke exhausts???? plenty). If you didn't refer to these particular mods then fine, but hopefully others will see my point.

Jules.

BCA

8,651 posts

286 months

Saturday 12th August 2006
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BTW Cyclone1 - DONT DO IT.


I frequent the Rarri/MASER/Ferrari forums too... it wont match the Cerb.

Uncle Bulgaria

980 posts

259 months

Saturday 12th August 2006
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was looking to part x my griff for a 4.5. This time last year a 4.5 same year as my griff would have been £2000 more. Now looking at the prices i would say my griff was worth more. Is it maybe because the running costs are alot more than a Griff.
I've had a few offers of PX for my griff but might keep the Griff if Cerby prices keep falling so much.

easto

205 posts

267 months

Sunday 13th August 2006
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I completely agree - as a person currently aiming to sell a '99 car with some nice modifications but it looks the way it was meant to. Nice colour and interior combo(my opinion of course).
Worthwhile mods, common expensive consumables replaced recently.
Service last week (£1000), Thinking that no one would be interested if they were going straight into a service - I wouldnt. TVR Power giving it a full clean bill of health.

Advertised at 19k, 2hrs later J.Agger puts one up at 17,995 (im sure he waits for adverts like mine to help his sell )
Not had a sniff. I have my limits and have been toying with selling the car for a few months.

So anyone with a 99 cerbera - Do not price lower than 17995!!!!!
Keep them towards the 20 mark...I might be able to stick an extra grand back on

byker28i

91,557 posts

246 months

Sunday 13th August 2006
quotequote all
Byff said:
Mines up for sale for £14,800 and my wife is desperate for me to drop it to £13k so that it will sell. Sorry, but my car is worth every penny and I will not be dropping my price. I can appreciate that it's the market that sets the price, but as there are so few Cerbera's, surely we as owners can demand how much they are worth by not trying to undercut each other.

So, my message to people out there with their Cerbera's in the classifieds is to whack an extra £2k on the price - together as one Brother!

Well, we can all dream can't we?


Nice car (as I was an identical one now) but much more expensive than the one I bought which only had 24K miles, although your interior is better.

A collegue of mine tried to sell his Imprezza last year, hoping for around 11k, but the bottom has dropped out of that particular market with all the cheap ones around and these popular performance cars entering the younger modding market. In the end he took £8K in trade in against another car after not getting any interest for months, despite continuously dropping the price.

TVR's are more specialist cars, but then there are fewer buyers. With 66 TVR's in Pistonheads classifieds alone and 10 advertised of the same age as yours but cheaper (including one by James Agger), then that's probably why it's not selling. Perhaps as owners we should do more to promote the TVR brand and dispel the myths of unreliabilty that I'm constantly being bombarded with from non owners.

Is your wife keen for you to sell because the smaller car would be hers?

Have you thought of selling the number plate separately?