Griff 500 prices on the up?

[TimJM]

Having a quick browse of the classifieds today it seemed to me the 500 prices have shot up. Maybe this is due to winter coming so dealers have to add a few k on to cover the slower sales or maybe it is just to do with the quality and private/dealer ratio of cars available at the moment. But, just out of interest - taking all 500's for sale regardless of mileage/colour/condition/year etc.

The average price is £23,494.84.

Seems very high - admittedly we do have very high prices (a few over 30k).

Is this a high tide for Griff 500 prices?

The reason I was looking at this was my insurance has sent me the guaranteed valuation to fill out and I wanted to offer comparative examples. The valuation is free (or nearly free) up to £20k but beyond that I have to pay a little more and do more paper work. Obviously I am biased but looking around for a mint condition very low mileage 98 in desirable colours looks like it will set me back over 20k now.

What have you guys put down on your guaranteed insurance valuations?

[alphaone]

Seems to be plenty of good 500's about for around the 15K mark.

[TimJM]

alphaone said:

Seems to be plenty of good 500's about for around the 15K mark.

Where are you looking? There is one on ebay (classified ad) for 16 and a couple on auto-trader for 15-16 (then shoots up to 20).

I am discounting the blue one for under 10k (it looks very cheap) as it has been for sale for a while and hasn't sold. Not seen the car myself so can't comment on the condition or the reason it hasn't sold but something seems off. Having said that - looking at the pics it does look nice.

[gutu12]

Exactly what I was thinking.

It seems that any good Griff approaching or in the 2000's is going to cost the buyer at minimum £22k, £23k, 24k....
Extra special examples even more.

[rigga]

Enquiring at David Gerald's recently after a service as to the ammount that I should insure my car for it would seem I undervalued it so prices are increasing.

[Simpo Two]

Blimey! My 1997 'R' 500 with 32K miles seemed only worth about £16K a couple of years ago! And it's in factory condition, not littered with aftermarket bits.

[Colin RedGriff]

Seems to be a lot of 500 SEs up for sale currently which seem to fetch lots more money (or at least advertised for lots more)

[alphaone]

TimJM said:

Where are you looking? There is one on ebay (classified ad) for 16 and a couple on auto-trader for 15-16 (then shoots up to 20).

I only looked on the pistonheads classifieds, theres about 8 between 15-17K Seems the 25K+ are at dealers

[alphaone]

Just looked in this months Sprint and there is five 500's ranging from 13750 - 17250

Edited by alphaone on Saturday 17th November 17:51

[si easter]

Ive been watching the prices going up for a while now ,but are they selling ,I dont think so ? Simon