Discussion
I regularly look at car values, especially classics and sportscars.It's an interesting time, as some cars just linger for months in the classifieds and others are still selling well.
I was amazed at how quickly I sold my Caterham, also surprised at how soon some of the Griffs I was interested in sold.
Seems to me that well presented Griffs are selling fast, so long as they are sensibly priced.
That said, anybody have any evidence that they may indeed start to appreciate a little, or have values some way to drop even further?
mike
I was amazed at how quickly I sold my Caterham, also surprised at how soon some of the Griffs I was interested in sold.
Seems to me that well presented Griffs are selling fast, so long as they are sensibly priced.
That said, anybody have any evidence that they may indeed start to appreciate a little, or have values some way to drop even further?
mike
well I bought my N reg Griff 500 for £25k in 1999 and as I haven't pimped it, I've looked after the essentials and I've done sensible upgrades I reckon I should get £12.5k for it with 48k on the clock. That isn't bad at all and I've loved everyday with it. Not selling by the way and you're right it willappreciate soon
culminator said:
I regularly look at car values, especially classics and sportscars.It's an interesting time, as some cars just linger for months in the classifieds and others are still selling well.
I was amazed at how quickly I sold my Caterham, also surprised at how soon some of the Griffs I was interested in sold.
Seems to me that well presented Griffs are selling fast, so long as they are sensibly priced.
That said, anybody have any evidence that they may indeed start to appreciate a little, or have values some way to drop even further?
mike
I had zero issues selling my Griff 500 last month but I probably priced it at the lower end of what it was worth but at the same time it cost me nothing to advertise, I made a few quid (more than a few I was amazed at how quickly I sold my Caterham, also surprised at how soon some of the Griffs I was interested in sold.
Seems to me that well presented Griffs are selling fast, so long as they are sensibly priced.
That said, anybody have any evidence that they may indeed start to appreciate a little, or have values some way to drop even further?
mike
) after my first buyer who left a deposit had to pull out, plus it was due an MOT and service that I would have had to had done if I had kept it much longer. I had several serious buyers and sold it eventually to a BA pilot who turned up on the doorstep basically with the cash. Didn't knock a penny off the price - also was very happy to see it sold to someone who would treat her with love and respect.The buyer freely admitted that it was the best cars he had seen by far and that he had been looking for 6 months.
As for advertising I was surprised at how little interest came via the TVRCC, in fact its in the current issue of Sprint and not a phone call. The moment I put it up on PH the phone did not stop ringing and I had email after email enquiring about the car.
I doubt very much well kept Griffs will ever depreciate much more than they are now but at the same time I also think it will be a long time before they make much either. When you look at the values of SEAC's, these have been stable for some time but show little in terms of appreciation and their numbers are considerably smaller - but they will always be regarded as a classic TVR.
One problem facing Griff owners is that good low mileage cars are and will always be in demand but that means not driving them much. There are buyers out there prepared the pay good money but they want the best available - as soon as the car becomes average in terms of mileage and condition they become much harder to shift.
Edited by RIP_puffsorted2 on Wednesday 18th February 09:45
[quote=RIP_puffsorted2When you look at the values of SEAC's, these have been stable for some time but show little in terms of appreciation and their numbers are considerably smaller - but they will always be regarded as a classic TVR.
[/quote]
While this is true I would argue that whilst the Griffith is undoubtedly an iconic shape the SEAC is more challenging.
I suspect that if they follow the curve of most other classics then we will have at least a ten year wait for them to begin to appreciate. It's always interesting watching the 25yr bounce- Audi Quattros are going through it at the moment with silly money suddenly being asked for them. think it has something to do with hiting your midlife crisis and purchasing what you fancied when you were 12 (I was 15 years early:-)!)
I have a suspicion though that we will get the standard seasonal bounce come spring time and that values are depressed at present due to the inability to obtain finance (and hence the contraction in the buyer pool).
It is an unpleasant thought but given the current low value and the expense of repair there is a very good chance that a number of Griffs are likely to be written off for quite minor incidents in the next few years which coupled with those that will rust themselves away is going to deplete numbers over time.
[/quote]
While this is true I would argue that whilst the Griffith is undoubtedly an iconic shape the SEAC is more challenging.
I suspect that if they follow the curve of most other classics then we will have at least a ten year wait for them to begin to appreciate. It's always interesting watching the 25yr bounce- Audi Quattros are going through it at the moment with silly money suddenly being asked for them. think it has something to do with hiting your midlife crisis and purchasing what you fancied when you were 12 (I was 15 years early:-)!)
I have a suspicion though that we will get the standard seasonal bounce come spring time and that values are depressed at present due to the inability to obtain finance (and hence the contraction in the buyer pool).
It is an unpleasant thought but given the current low value and the expense of repair there is a very good chance that a number of Griffs are likely to be written off for quite minor incidents in the next few years which coupled with those that will rust themselves away is going to deplete numbers over time.
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