Whats a T350c worth?
Whats a T350c worth?
Author
Discussion

Diablos-666

Original Poster:

2,786 posts

207 months

Monday 17th May 2010
quotequote all
What would you say a fair value was for the following...

2003 T350c
23k miles
Full Service History
Same engine and clutch from factury

I was thinking about £15k on the basis of...

2003 T350c
23k miles
Full Service History
Rebuilt engine and clutch / clutch slave

being worth around £20/21k

The cost of an engine rebuild being £5k and clutch inc slave being £1.5k total £6.5k.

Would you agree with this?




madbadger

11,752 posts

273 months

Monday 17th May 2010
quotequote all
You can't value a might the same as a had. One may never need a rebuild.

Both are worth more than £20k anyway.

Diablos-666

Original Poster:

2,786 posts

207 months

Monday 17th May 2010
quotequote all
I thought you should allow for the cost of a re-build when buying any s6 engine if it's a pre 05 model which hasnt already had a rebuild?

Lensey

2,526 posts

312 months

Monday 17th May 2010
quotequote all
You can allow what you want, wheather the seller will is a different story, there are quite a few that haven't needed rebuilds and some that have needed more than one?

Barry Ashcroft

1,958 posts

250 months

Monday 17th May 2010
quotequote all
Good luck getting one for 15k

Targarama

14,784 posts

312 months

Monday 17th May 2010
quotequote all
Barry Ashcroft said:
Good luck getting one for 15k
I agree.

There was a crash repaired one (not quite finished) up for £13.5k recently. Didn't stay up for long. A repaired car may be the only way into one for 15k. But frankly if you are that tight on the pennies then how are you going to run the car? I'd rather pay 18-20k for a known quantity than 15k for an unknown one.

Diablos-666

Original Poster:

2,786 posts

207 months

Monday 17th May 2010
quotequote all
Well i ask as there is one currently on the classifields for £18k but has no mention of engine rebuild or new clutch.

The price has also been reduced so sounds like the seller is desperate to sell.
So chance to get a good price on a T350 with the chance the engine is fine. If not then you've allowed for an engine rebuild anyway.

As for the money being tight... I'm a quantity surveyor so am... erm...careful with my money. hehe


stub101

594 posts

245 months

Monday 17th May 2010
quotequote all
Diablos-666 said:
Well i ask as there is one currently on the classifields for £18k but has no mention of engine rebuild or new clutch.

The price has also been reduced so sounds like the seller is desperate to sell.
So chance to get a good price on a T350 with the chance the engine is fine. If not then you've allowed for an engine rebuild anyway.

As for the money being tight... I'm a quantity surveyor so am... erm...careful with my money. hehe
£18k sounds about right to be honest and it is the (potential) buyer not the seller that should be allowing extra funds for a rebuild/other costs. A seller of a non-rebuilt car will not simply advertise their car for £5k less than one that has had a rebuild. If you specifically want one with a rebuild then you will have to pay more and as a result get the peace of mind that its recent, or have a warranty remaining on it for the comfort factor.

I permanently have 6k set aside for my 2004 T350 (with no rebuild) which is now on 38k miles and it is running like a peach...

DonkeyApple

69,785 posts

198 months

Monday 17th May 2010
quotequote all
Diablos-666 said:
What would you say a fair value was for the following...

2003 T350c
23k miles
Full Service History
Same engine and clutch from factury

I was thinking about £15k on the basis of...

2003 T350c
23k miles
Full Service History
Rebuilt engine and clutch / clutch slave

being worth around £20/21k

The cost of an engine rebuild being £5k and clutch inc slave being £1.5k total £6.5k.

Would you agree with this?
I'd opt for the second one. biggrin

I hear Moonraker black ones are open to offers as well. wink

Battlecat

945 posts

267 months

Tuesday 18th May 2010
quotequote all
Diablos-666 said:
What would you say a fair value was for the following...

2003 T350c
23k miles
Full Service History
Same engine and clutch from factury
Mine is a 53 plate and has 23k miles, and I'm thinking of selling it but not for £15k, I'd much rather hang on to it for that sort of money. The specialist where it's been serviced for the last 3 years has said the engine shows no signs of any problems and it was pre-2003 to be a little more concerned about.

SwampySi

251 posts

197 months

Tuesday 18th May 2010
quotequote all
I agree with what's been said.. as a recent buyer I opted for paying a little more for one that's had a rebuild (TVR Power), I certainly didn't expect to negotiate a price down that low just because of the engine.. £18k is already a decent price from that I've seen in the used market so seller has priced it well already.

You buy your car you take the risk.. as others have said, they don't always need the work, but it's handy to have spare cash if they do (Saying that. I don't, but I do have a warranty)

darkmark07

702 posts

227 months

Tuesday 18th May 2010
quotequote all
OP, are you going to take the plunge and actually BUY a TVR? I'm all for going in to a purchase of this nature with all available information but I view your post as a blatent attempt to devalue perfectly good, well looked after cars without a rebuild.

At the end of the day, any exchange of goods is about the perceived value of both the buyer and seller. If you can convince someone to part with their T350 for £15k, good luck to you but if you were to offer me that for mine (2003, no rebuild) I'd be rolling on the floor laughing at you!

Diablos-666

Original Poster:

2,786 posts

207 months

Tuesday 18th May 2010
quotequote all
Yes, i will be taking the plunge sooner or later.

The intention of this thread was not to de-value TVR's at all. I just wanted to get your opinions on what to expect to pay for car with an engine rebuild and one without.

I admit 15k is probably taking the pi$$ a bit but you saw my logic in getting to that figure.

Sorry for any offense caused getmecoat


mycroft

1,545 posts

276 months

Tuesday 18th May 2010
quotequote all
IMHO the same rule applies to T cars as every other TVR , buy on condition , buy the best / latest you can afford , be prepared for it to go wrong , be pleasantly surprised when it doesn't , enjoy smile

SwampySi

251 posts

197 months

Tuesday 18th May 2010
quotequote all
mycroft said:
... be prepared for it to go wrong , be pleasantly surprised when it doesn't , enjoy smile
That should be the TVR Motto

smile

m0ssy

920 posts

221 months

Tuesday 18th May 2010
quotequote all
Just my 2p...

With all due respect Diablos are you sure you are ready for a TVR? I don't wish to sound rude but from looking at your profile it seems you have just over 1 years driving experience.

Within this year you have owned 2 cars. A 2002 Vauxhall Astra 2.2 SRI which you had for 8 months and seized the engine due to not checking the oil and losing £2000 on re-sale.

You now have a 2003 Mk 1 Ford Focus RS which you bought for £11500 have put a 1000 or so miles on it and now say its worth £12000 (I think not)

Anyway the point i'm getting to is you have 1 years driving experience of front wheel drive cars that have both traction control, ABS, airbags etc etc and by the sounds of it you are not that mechanically minded (bearing in mind you let your first car sieze up due to lack of oil.)

You want to stretch yourself to buy a TVR Speed 6 which in my opinion maybe a jump too far from 2 front wheel drive lower powered cars with all driving aids and 1 years driving experience.

You will end up stretching yourself to a car you can just afford with an annual insurance premium of £2500 or similar leaving no real money for mechanical repairs or bumps (remember its fibreglass, you only need to bump against something at low speed to cause expensive damage)

You also need to be prepared to tinker with it at weekends, fixing the electric windows, perhaps getting the bonnet off, getting your hands dirty, fdixing the odd rattle as it is a handbuilt car.

Then of course there is the regular servicing. Annual service plus tappets done will always set you back at least another £600 - £700 provided nothing else needs doing.

Don't get me wrong, I'm not trying to put you off but I dont think if I had 1 years driving experience in 2 fairly low - mid range powered cars I would have been ready to jump in my Speed 6 Tuscan... just a thought as I wouldn't want your first experience of TVR ownership to be a touch sour.

carl_rfc

121 posts

215 months

Tuesday 18th May 2010
quotequote all
In my honest opinion, I don't think the price differs from a non re built engine to one that's had a rebuild, as long as the non rebuild has been looked after thoroughly and serviced properly

Mine is a 2003, with almost 21k miles and a non rebuild with the original clutch, and if I was offered 15k I would think ur were taking the michael,

Its like anything u buy in life, there's an element of risk

aaronc

214 posts

249 months

Tuesday 18th May 2010
quotequote all
darkmark07 said:
OP, are you going to take the plunge and actually BUY a TVR? I'm all for going in to a purchase of this nature with all available information but I view your post as a blatent attempt to devalue perfectly good, well looked after cars without a rebuild.

At the end of the day, any exchange of goods is about the perceived value of both the buyer and seller. If you can convince someone to part with their T350 for £15k, good luck to you but if you were to offer me that for mine (2003, no rebuild) I'd be rolling on the floor laughing at you!
I completely agree, good luck to the OP with your £15k budget.

Diablos-666

Original Poster:

2,786 posts

207 months

Tuesday 18th May 2010
quotequote all
Mossy - Good points.

Yes i did fcensoredk my SRI up. It had an oil leak and took it to a garage to get fixed. Checked it as few times within the next week or so and all was fine.

A week or so later the engine just seized, didnt get an engine warning or anything. So dont think i can be held fully accountable for that one.

Focus RS - Great car but not my dream car. Bought for £11,500. Have remapped it and bought a scanguage for it (to tell me engine temps before hooning) So cant see the car devalued in that time?
Tax and insurance is also more expensive than a TVR (strangly enough???)

Yes, my driving experience is limited but i'm a man, we are all driving dogs, arn't we? hehe

I find the best way to learn is too just jump in the deep end and do it. Obviously i'm not going to be a tit and drive it like i stole it. I will take time to learn the car.

I want this car now as i love it and can afford it at the moment, whilst fuel prices are just about affordable, before EU reg's ban cars like these etc etc etc
I dont want to wait because life has it's ways of not going to plan.

I appreciate your comments though and would be the sensible option, i just dont want to be sensible.




Targarama

14,784 posts

312 months

Tuesday 18th May 2010
quotequote all
Diablos-666 said:
and can afford it at the moment
Can you afford to run the car and keep it in tiptop nick? Cars at the lower end of the price range can be tatty and needing love.

Diablos-666 said:
I dont want to wait because life has it's ways of not going to plan.

I appreciate your comments though and would be the sensible option, i just dont want to be sensible.
Well it is your choice of course, but please take note of the warnings about buying a moneypit. It could easily be a Porsche 911 moneypit, this is not an exclusive thing.