DEPRECIATION QUESTION

[PYNEY]

hi all

just a question of depreciation !

a 2004 tamora say valued now at £18,000 what would it be worth in say two years time ?

next question ! a 2007 - 2006 lotus elise r say valued now at £20,000 what would that be worth in two years ?

i think the tamora would be worth more in the long run but how much more

any views and educated guesses please

thanks keith

[bogie]

dunno...none of us have a chrystal ball !

when TVR went bust, people were panic selling and values we really scary...now things have settled down, and enthusiasts realise that the support network is still out there, just as before, things are back to normal.

Elises are probably some of the least depreciating cars on the market for some reason, and hold their value really well. You can still see 10 year old ones holding at 40%.

Even the earliest Tamoras right now are only down at £13K

which just goes to show these are specialist market cars - prices fluctuate

all I would do, is what I do when buying any car - bank on it being worth 45-50% of list price when 3 years old and you should be about right

[shoggoth1]

Not being funny, but if you're worried about depreciation then I respectfully suggest that these are not the cars for you. Something dependable like a Volvo maybe?

[TVR_owner]

They are both in a similar market and will similarly be inpacted by up and down-turn.

My experience will be that the Elise will loose more, but will cost less to run. A similarly priced Volvo will cost about the same as the Elise to run and loose more than both fun cars..

[Ryder35]

I would guess that at some point rarity will come into this. If TVRs remain desirable but rare prices will stay good. problem with Loti is that there are very large supplies of nearly new cars bought by owners who did not realise how hard they would be to live with day to day. Owners of new TVRs are obviously not an issue. So we end up with the cars mainly in the hands of enthusiasts who tend to keep them for a while, combine that with the fact there are so few and prices should not drop much more (I hope having just bought one!)

[bartesque]

I thought I saw you on the elise forum

Don't do it

walk away from the light!

you only need to worry about depreciation if you need to sell, how could any tamora owner consider selling such an awesome car

[custardkid]

depreciation isn't an issue, if they are well maintained. to keep them in a A1 condition both cars will require more spending on them than your average Euro box.

but ether way it'll be worth it

Custard

[Tangoed]

Car prices for the next two years?

It's the same as

Any one know the lottery numbers for this weeks draw!

[Barry Ashcroft]

I'd sooner have my money in a Tam than an Elise

In fact I have

[TGJR]

I think a Tamora or T350 at £18k is a pretty good bet for low depreciation over the next few years as long as the car is well kept. Running costs are another issue and there is no denying that a TVR is an expensive car to keep.

It is quite amazing how well TVR's hold their value even compared to cars like the Boxster. The downside is that the TVR is a in a specialist market and selling requires a bit more effort. P/ex prices can be disasterous for TVR's but probably a bit better for Elises.

[madbadger]

They will all eventually fall into the hands of someone who doesn't want to sell. Many are already.

Then they will all be worth loads.

I've nearly had mine 5 years and I'm not selling until it is worth £1m.

[2 sMoKiN bArReLs]

madbadger said:

I've nearly had mine 5 years and I'm not selling until it is worth £1.

January 24th 2009

[Ribol]

bogie said:

Elises are probably some of the least depreciating cars on the market for some reason, and hold their value really well.

Might it have something to do with running costs?

[Oat$y]

madbadger said:

They will all eventually fall into the hands of someone who doesn't want to sell. Many are already.

Then they will all be worth loads.

I've nearly had mine 5 years and I'm not selling until it is worth £1m.

Mine won't be for sale either, not even the "baby" has forced me to sell :-)or the fact the car is back in storage in the UK while I live in another country!! Good ones will be hard to get one day.

[TVR_owner]

[quote=Oat$y] Good ones will be hard to get one day.
[/quote]

They are now

[SEN 18]

Yep they say money if there's enough of it will buy most things.

Except my Tamora.

[icraigmy]

I would sell my Tamora (which I've had for 3 years) only if someone turned up on my doorstep with £1million, even then I'd negotiate to get back the extra money I'd spent on upgrades;). Then with the million pounds I'd buy a detatched house with a double garage and buy another Tamora and also buy a Sagaris.

But with the credit crunch I don't see that happening, so I'll keep my fab Tamora for many many many many years

I'll

Edited by icraigmy on Saturday 13th December 08:30

Edited by icraigmy on Saturday 13th December 08:30

[PYNEY]

i have seen the light !

i'm keeping the tamora "why did i ever consider letting her go"

nice to see a happy ending !

thanks for all your comments

keith

[icraigmy]

PYNEY said:

i have seen the light !

i'm keeping the tamora "why did i ever consider letting her go"

nice to see a happy ending !

thanks for all your comments

keith

Glad you have come to your senses , to ever consider selling that fab Tamora you have there, is criminal

[Full SP]

I have six Tamora regulars and they all swear they will never sell their cars - whether the future allows is another matter but the intention is clearly there. There is something about Tamoras that make owners really want to keep hold of them. Great for the model and the marque. I think the main thing about car values is down to quality. Book values are a thing of the past for TVRs. I have believed for some time that condition is to a TVR what location is to property. Sure there's the odd 10k ropey Tam out there but now that engine and parts avialability problems are largely resolved I can only see good quality cars stabilising in the short to medium term and after that, maybe appreciating!