What should I pay ??????

[LMMAC]

Difficult one this chaps ! Looking at a 450 99t with 59k on it . Lovely car, but what is she worth ?

[Jammy Dodger]

Condition ?
Number of former keepers ?
Service history ?
Major work / mods ?
Colour ?
Spec ? (pas, wool carpet/nylon, part/full leather ?
Accident history / originality ?
Condition ?
Condition ?
Trade/private sale ?

I'm no expert but will offer an opinion....

[Dr Mike Oxgreen]

I would say a typical price would be somewhere between £10k - £12k, assuming there's nothing wrong with it. But you'll also see dealers asking more than that - in some cases, a lot more!

There are too many variables to put an accurate value on a car without seeing it. If you're keen on the car, get it inspected (e.g. Rob Ingleby), and you'll get a detailed report including a valuation.

[LMMAC]

Jammy Dodger said:

Condition ? Good to excellent
Number of former keepers ? 3
Service history ? 1 stamp for every year
Major work / mods ? None apart from leven dash and 500alloys
Colour ? Silver
Spec ? (pas, wool carpet/nylon, part/full leather ? Pas
Accident history / originality ? None
Condition ?
Condition ?
Trade/private sale ? Trade/ in the trade !

I'm no expert but will offer an opinion....

[Jammy Dodger]

LMMAC said:

Jammy Dodger said:

Condition ? Good to excellent
Number of former keepers ? 3
Service history ? 1 stamp for every year
Major work / mods ? None apart from leven dash and 500alloys
Colour ? Silver
Spec ? (pas, wool carpet/nylon, part/full leather ? Pas
Accident history / originality ? None
Condition ?
Condition ?
Trade/private sale ? Trade/ in the trade !

I'm no expert but will offer an opinion....

nearer £10k i think

Reasoning :

in late may (season peak) i bought my Chim 500, 98S full facelift, 1 former keeper (so I'm 3rd), 26000 miles, FSH annual stamp, imperial blue, all original, good to excellent condition, trade sale - £14350.

It appears the market has softened, if only temporarily til spring '12. And I think I paid too much... The mistakes I made were firstly being ruled by impatience (wanted one NOW) and being swayed by Fernhurst's prices. I would suggest (and not knocking them for it - it's good business sense) that their philosophy is to own as much of the market stock as poss in order to control supply and therefore prices. At the time of my purchase they had almost identical chims at £20k and £21k and equivalent griffs at £30k, making my chim at £15k asking price seem cheap.

500 premium - say £1500 ?
significant mileage premium - say £2000 ? (yours is double the miles)
lower owners premium - say £250 ?
wool carpets, heated seats - say £250 ?

that's how I come to £10k or thereabouts.

ETA - and however excellent you think it is, there will be stuff to do, even if the chassis is good.

In my case the wipers packed up, the tacho was faulty, rear dampers shot, rear upper bushes missing, cam sprocket was at point of failing (only found out by chance), serpentine belt was driving the water pump in reverse, the sump oil pickup was clogged (found out by chance), rear discs were shot, drivers window needed adjusting, targa seals needed fixing and so on.

Not trying to put you off at all, but reckon that you should have in mind spending another £2500k minimum to properly straighten it out, much more if you want to make improvements over the standard spec.

Edited by Jammy Dodger on Saturday 27th August 09:14

[wongthecorrupter]

I have just paid £10200 for a 98 cherry red pearl 450 in very good condition with 33k on the clock,full history and 3 owners from new,the car did need a rad though.I purchased the car from a dealer down south.I got it in june it was advertised for £11000.The low mileage put me off at first but its been a dream so far

[LMMAC]

Fernies prices have always been amusingly ambitious and tend to ignore tham . I can pro barley buy this car described for £9250 . Mileage makes me a little nervous though ! Cams due ?

[Jammy Dodger]

wongthecorrupter said:

I have just paid £10200 for a 98 cherry red pearl 450 in very good condition with 33k on the clock,full history and 3 owners from new,the car did need a rad though.I purchased the car from a dealer down south.I got it in june it was advertised for £11000.The low mileage put me off at first but its been a dream so far

so that adds up then...

i hesitated suggesting less than £10k to the OP as below that level prices begin to feel upward pressure from the "floor" value of say £7000k for anything "proper" with history, bearing in mind his is a later proposition, low owners, FSH, apparently VGC+. Yes - there will be exceptions, before I get shot down, I'm painting a broad picture !

[ewan221]

In the last 3 or 4 months the cheapest 450 I have seen advertised was £6995 but most seem to be advertised between £9 and 10 thousand. A lot have been hanging about for a while though and I suspect the ones that are selling are going for less than asking price

Edited by ewan221 on Saturday 27th August 12:23

[Jammy Dodger]

LMMAC said:

Fernies prices have always been amusingly ambitious and tend to ignore tham . I can pro barley buy this car described for £9250 . Mileage makes me a little nervous though ! Cams due ?

Speaking from experience, however good it looks and feels, there will be loads to do once you start poking around.

I wouldn't buy at that mileage without detailed invoices proving extensive works.

If you're not desperate for that particular car, guessing it's up at £9995, assume it owes the trader £7k ish and bid him £8k. I wouldn't sweat it if he says no, there'll be another.