Surely this is over-priced now....

[Bomber Denton]

I know the miles are there but this has to be over the price bounbary for a 98?

www.pistonheads.com/sales/61380.htm

[richb]

Humm £24k for a '98 with 8k on the clock? Mind you it does look nice and I often think that along with the Cerbera, the Griffith will become a bit of a "classic" TVR in time to come. Prices stopped dropping and have held around £20k for the last couple of years so perhaps this is the start of the rise in value? All academic to me because "Grizzly" isn't for sale. It's nice to know though. Rich...

[pies]

If the chassis etc are in good condition id say its a fairish price

[bjwoods]

Classic mags have been running articles on griff's since about 2000, and prices have been firm.
A delaer would probably been advertising that same car, at about that 'same' price for the last 3-4 years, and probably achieving it.

Supply and demand and condition... Probably sell, if no hurry.

B

>> Edited by bjwoods on Monday 23 January 14:44

[gooner]

My 97 R reg 500 (7,700 miles and immaculate at the time) was £21.5k from a well known TVR dealer two years ago so this looks a little high but not far off. Then again £21.5k seemed a bit high when I bought mine but given the choice over again I wouldn't hesitate - it's been like owning a new car.

gooner

[geoffvalenti]

I wouldn't necessarily say that the very low mileage automatically makes a car worth that much more than a normal "low mileage" example.

I know for a fact that there is a very low mileage Griff for sale at the moment (NOT this particular one) that used to belong to a hire company.
Low mileage, yes, but lots of it done the hard way

Anyway if that one is worth £24k, my S plate '98 with 23k miles must be worth £22k. Any takers

[mongoose]

At that mileage and with that spec from a dealer,with a warranty and service package,the price is pretty much spot on i reckon.

[groucho]

I paid £23,950 for mine with 10,000 on the clock in June 2003. Mine's a 98 too. Going by that they want the same money 2.5 years on.

[victormeldrew]

groucho said:

I paid £23,950 for mine with 10,000 on the clock in June 2003. Mine's a 98 too. Going by that they want the same money 2.5 years on.

Well considering your 2.5 years less likely to get one in decent nick is that a surprise?

Its not a tin box, it doesn't straight line depreciate on age/mileage. They are priced on condition, and supply and demand should be kicking in to maintain the value of good 'uns by now. Maybe they'll even start to appreciate a bit.

Munters will continue to depreciate, minters (whether original condition like this, or good enthusiast maintained/restored cars) will hold value. Simple.

[Bomber Denton]

Anyone who pays £24k for a 98 Griff is bonkers!

[David H]

Do the TVRCC do a valuation process? I read somewhere that they did, maybe I should post on the club forum.

Any ideas how much mine is worth now? 94 Griff 500 fully restored, everything better than new bar the interior and paint, T5 box pre-serp. Restore site on profile (genuinely not looking for more compliments (although was great to get them) just intersted in what people think it may be worth).

I'll need to get it done soon for insurance purposes anyhow.

Sorry for the hi-jack, FWIW I'd say it was priced fairly if the chassis was in very good condition.

[Bomber Denton]

David, I've just had a look at your website and all I can say is that is simply stunnung work and attention to detail!

I wouldn't take a penny less than £19k for that car.

[David H]

Bomber Denton said:

David, I've just had a look at your website and all I can say is that is simply stunnung work and attention to detail! I wouldn't take a penny less than £19k for that car.

Cheers Corin

I am not going to sell for a long time yet (never I hope) but to buy a car and have it restored (drive in drive out) would cost around £32K (£15K car plus £17K parts and labour).

Luckily I did the work myself

[bjwoods]

Bomber Denton said:

Anyone who pays £24k for a 98 Griff is bonkers!

It is from a dealer, warrantied, good spec, etc,etc,etc, so top end of market/safest route, etc.

As there are only probably about 1600 griff 500's left on the entire planet, i'm not so sure about bonkers even then. especially if 2 people want it!

IF it is really good, CHEAPER than buying one for 18k, then spending thousands, on paint, chassis, dampers, trim, etc, to get to the same standard..

Even if you think bonkers, i'm sure you could drive it for a 2-3 years put 15k miles on it, and lose very little, 2-4 k in depraciation, less, or none if the prices start to level/firm as they seem to be, ie out of production, very well loved car.

Ie lose much more money on new mondeo over 3 years, THAT's bonkers.

B

>> Edited by bjwoods on Monday 23 January 20:37

[Bomber Denton]

Nope you'd still be bonkers.

Whereas David's car is a very different kettle of fish

[s5tvr]

I thought it looked over-priced, but then again I think Fernhursts cars usually are. What they actually sell for might be something very different.

[cdt]

David H said:

Do the TVRCC do a valuation process? I read somewhere that they did, maybe I should post on the club forum. Any ideas how much mine is worth now? 94 Griff 500 fully restored, everything better than new bar the interior and paint, T5 box pre-serp. Restore site on profile (genuinely not looking for more compliments (although was great to get them) just intersted in what people think it may be worth). I'll need to get it done soon for insurance purposes anyhow. Sorry for the hi-jack, FWIW I'd say it was priced fairly if the chassis was in very good condition.

Pretty sure they do, at least the did. I have a TVR CC valuation for my car which the previous owner had done, in my folder of info about the car.

[griffter]

David H said:

Do the TVRCC do a valuation process? I read somewhere that they did, maybe I should post on the club forum.

When I enquired I was told it would have to be done by a RO at a meet - ie not from photos. I ended up getting Peninsula to do mine (for free when I got the car serviced)

David H said:

Any ideas how much mine is worth now? 94 Griff 500 fully restored, everything better than new bar the interior and paint, T5 box pre-serp. Restore site on profile (genuinely not looking for more compliments (although was great to get them) just intersted in what people think it may be worth).

Lots. Yours has to be potentially the best mechanically in the world. The standard of protection and hence its longevity would surpass even a mothballed 'as new' factory car. On the one hand this detracts from pure originality, on the other, it makes for an extremely resilient car in regular use. I fear at the top of the market 'collectors' and 'investors' would put their money in the mothballed original car, so given that the latest, mintest cars are 20k upwards I reckon yours would make around £20k.

If you want the bodywork done, drop me a line, I might be able to suggest an economical route to perfection.

[raceboy]

Does look a little steep when you think this 02 plate LE Grif is only a grand more.
And one the same age and still low milage is only worth £19k and both from a dealer

>> Edited by raceboy on Wednesday 25th January 09:33

[tvrgaas]

griffter said:

David H said: Do the TVRCC do a valuation process? When I enquired I was told it would have to be done by a RO at a meet - ie not from photos.

This has been a grey area since Mervyn stepped down, and I think he mainly did pre 1980 cars. When I was an RO a few years ago we were told we couldn't value cars. One needs suitable liability insurance, the club was looking into this. Not sure of the current situation.