Price slide?
Price slide?
Author
Discussion

garf_sv

Original Poster:

46 posts

291 months

Tuesday 10th August 2004
quotequote all
Has anyone else noticed a fairly pronounced drop in prices for Chimaeras of late?

When I started looking I was thinking that £12-15k was about the mark that I would have to aim at but as pointed out earlier that there seems to be a fair number appearing at about £10k. I would have thought that this time of year would have seen the prices stay higher due to top down weather potential.

Anyone want to hazzard an opinion?

More of a general muse rather than topic really.

Garf

gemini

11,352 posts

293 months

Tuesday 10th August 2004
quotequote all
its the rain!

shnozz

30,630 posts

300 months

Tuesday 10th August 2004
quotequote all
I noticed this too. Handy seeing as I put mine up for sale. Dont think I'll bother seeing as I'd probably have to drop the price quite considerably to compete. Sod that.

Tyre Smoke

23,018 posts

290 months

Tuesday 10th August 2004
quotequote all
Fact is there are lots for sale both privately and in the dealers/specialists. To compete you are going to have to drop the price. It's the old supply and demand thing.

If I said I wanted a Chim in green,not fussy about engine size, but had to be sorted and in good nick for between 12 and 15k there would be literally hundreds to choose from of all ages and condition. Personally I would choose Corin's, but that's another story

A 10k Chimaera is not necessarily a dog, but a cheap car that someone wants to sell quickly.

windsorrob

787 posts

281 months

Tuesday 10th August 2004
quotequote all
Its not just chim prices - if you look at any number of cars, the prices have dropped significantly since last year. Boxsters, TTs, Tuscans have all dropped - not sure why, although I think its a combination of things - not so good summer, higher interest rates, feel good factor fading a little etc.

On the plus side, if you're looking to buy, theres some bargains around.

plotloss

67,280 posts

299 months

Tuesday 10th August 2004
quotequote all
Uncertainty in the housing market is causing people to not be as blaze as they once were.

All those people who remortgaged to buy their dream car are about to be panned.

shadowninja

80,007 posts

311 months

Tuesday 10th August 2004
quotequote all
so you're saying its a great time for the buyer? dammit. changed my mind about getting rid of the tvr now! (again)

TDTH1975

631 posts

279 months

Wednesday 11th August 2004
quotequote all
Think I have just changed my mind too - was planning on a potential sale but unless finances actually make me - it stays in the garage (not losing 5K on a car over 1 year). I was kind of hoping that the recent purchase of TVR and the inevitable developments to future TVR's would make the original (less reliable) but classic Chimaera MORE valuable.... Anyone hoping with me ?

shnozz

30,630 posts

300 months

Wednesday 11th August 2004
quotequote all
TDTH1975 said:
Think I have just changed my mind too - was planning on a potential sale but unless finances actually make me - it stays in the garage (not losing 5K on a car over 1 year). I was kind of hoping that the recent purchase of TVR and the inevitable developments to future TVR's would make the original (less reliable) but classic Chimaera MORE valuable.... Anyone hoping with me ?


yep, agree with you. I think with NS at the helm the older V8 TVRs will either hold firm or appreciate.

TDTH1975

631 posts

279 months

Wednesday 11th August 2004
quotequote all
Supply and demand is one thing - however - can price fixing come in to the equation ? Given that a large % of TVR owners use PH, we could almost start a post asking that all Chimaera sellers stick another 5K on thier cars when advertising to push the prices up. If everyone is selling at the same price but 5K on top, all sellers win. If buyers want one - they will pay the going price.

Not really making much sense here but I am sure you know what I mean.

DustyC

12,822 posts

283 months

Wednesday 11th August 2004
quotequote all
Theres the possibility that these £10K cars aren't upto scratch. Also the owners may just need a quick sale.

You may also find similar cars for more money and theres a likely chance that these will be the looked after cars and worth every penny.

Of course there will always be exceptions to this rule but don't think you car has suddnely lost its value just beacuse there are a few cheap ones around.

IMO the Russian buy out won't have a much effect on the 2nd hand value of the cars but the V8's will always hold a certain appeal as in many peoples opinion this is what TVRs are all about.

TDTH1975

631 posts

279 months

Wednesday 11th August 2004
quotequote all
Fair point - might just stick it on the market then and have a look at the response.

jamer

1,329 posts

320 months

Wednesday 11th August 2004
quotequote all
If you remember the Griffith had a price slide and now look at them.


Condition is everything and many of the cars that are being sold on price aren't always as described.

I think that as the bad ones get worse the good ones become more sought after.

V8 power always helps

DustyC

12,822 posts

283 months

Wednesday 11th August 2004
quotequote all
jamer said:
V8 power always helps



Always the diplomat

chris547

87 posts

266 months

Wednesday 11th August 2004
quotequote all
Interesting thread to me as I have just bought a 93 starmist Green Chim, 30,000 miles 4.3 litres with a years warranty for £11k and I thought I paid too much. It seems in good condition except that the brakes and suspension need fettling - its such a powerful car. Main thing engine gearbox, clutch and bodywork are decent.

It strikes me as a new owner that I cannot buy anything with this much grunt unless I dig deep, so why not just keep it for 5 years. Wifes got an Alfa for when we need to ferry things or people.

Anyone got any alternatives to a Chim for the same kind of money.

I met Steve Reid on holiday in the Dordogne (in a Merc with a TVR reg) and he congratulated me for buying the best TVR in terms of reliability etc.

I also think the 4.3 is the best engine for this car. I struggle to hang on to the steering when I floor it in 2nd gear if coming out of a bend. any more power/torqe seems pointless on a road car.

It has taken me a month and 3000 miles to learn not to use the engine as a brake and to get used to using the non ABS brakes. The lack of power steering made me realise I was drifting to wimpland and now it no longer annoys me.

It is a pleasure giving beast for not a lot of money and I'm more than happy to hang on to mine.

beano500

20,854 posts

304 months

Wednesday 11th August 2004
quotequote all
DustyC said:

jamer said:
V8 power always helps




Always the diplomat


Daily curse here from checking Jamer's site...


WOT NO TUSCANS!!!!

jamer

1,329 posts

320 months

Wednesday 11th August 2004
quotequote all
beano500 said:




Always the diplomat




Daily curse here from checking Jamer's site...


WOT NO TUSCANS!!!! [/quote]



Look you we have just sold one... It was not a dig at the other engines more that the sub £20K market is great for the occassional user who wants a nice V8 in the garage.

Also say that there are alot less nice ones around than people think.



>> Edited by jamer on Thursday 12th August 15:07

shnozz

30,630 posts

300 months

Wednesday 11th August 2004
quotequote all
jamer said:




oooooooooooooooooooooooo ya beauty.

I like that

beano500

20,854 posts

304 months

Wednesday 11th August 2004
quotequote all
shnozz said:


oooooooooooooooooooooooo ya beauty.

I like that
Seconded! I've spotted a similarly good looking one in a certain disreputable establishment on the Hampshire/Surrey border too...

Now....back to the debate over Crystal Topaz v Nuvola Pearlescent....

Don

28,378 posts

313 months

Wednesday 11th August 2004
quotequote all


OK. That's beautiful. Hmmmn.