Are Jaguar "E" types overpriced?
Discussion
The advert was from the magazine "The Motor" of the 26th December 1962. Frankly, most of this thread is wishful thinking about buying cars when one should have compared to not being able to now. No one has mentioned their salary when they should have bought as a percentage of the then purchase price. Mine was 20%. When I bought my E-type I was considered stupid. A tatty old E-type for "that much?" People asked me "what'll it do mister" and now "what's it worf mister". My car is mine and will only be sold after my demise. It is not an investment, it is MY car, something I have driven over 125,000 miles and which has more memories than I care to remember.
So get off your high horses. Cars are not chattels; they are things to be cherished and adored, not investments.If yours are investments, well, I hope the market crashes. I went through this in 1991 and I don't care; my car dropped from £75,000 to £20,000. My car is still my car and I'll drive it, as I did today.
And as regards what Jaguar NE said - get real! I rebuilt my car in 1987 and have, as said above done many a mile since, through wind and rain, in snow and ice, from 42C down to -11C and from Norway to Morocco. When rebuilt in 2013 we found very little rust at all and now she is accumulating stone chips and hopefully, God willing, on her way to her third rebuild when we hit 200,000 together. So start thinking about the passion. Most of you, when interest rates rise once more, will turn your thoughts to other "investments" and leave us cognoscenti alone. Thank God.
ETA:- I forgot to add that I bought my first E-type, an old english white outside lock roadster with red interior, for £300 in 1967 when I was earning £1,000 p.a. Sadly it was not a good investment because I tried to emulate Marc Bolan, so that accounts for one less of the 91 outside lock cars made. Today, that car would be a minimum pf £300,000. I think i'll nip down the scrappie in Portsmouth.
So get off your high horses. Cars are not chattels; they are things to be cherished and adored, not investments.If yours are investments, well, I hope the market crashes. I went through this in 1991 and I don't care; my car dropped from £75,000 to £20,000. My car is still my car and I'll drive it, as I did today.
And as regards what Jaguar NE said - get real! I rebuilt my car in 1987 and have, as said above done many a mile since, through wind and rain, in snow and ice, from 42C down to -11C and from Norway to Morocco. When rebuilt in 2013 we found very little rust at all and now she is accumulating stone chips and hopefully, God willing, on her way to her third rebuild when we hit 200,000 together. So start thinking about the passion. Most of you, when interest rates rise once more, will turn your thoughts to other "investments" and leave us cognoscenti alone. Thank God.
ETA:- I forgot to add that I bought my first E-type, an old english white outside lock roadster with red interior, for £300 in 1967 when I was earning £1,000 p.a. Sadly it was not a good investment because I tried to emulate Marc Bolan, so that accounts for one less of the 91 outside lock cars made. Today, that car would be a minimum pf £300,000. I think i'll nip down the scrappie in Portsmouth.
Edited by lowdrag on Sunday 27th May 07:29
Magazines such as Octane do get toe curlingly moist about values - or should I say prices ? For all the fevered prose about some ....iconic (retch ) ... car from the Sixties now selling for gazillions at Pebble Beach or Villa d'este we all know that the buyer will probably be some dodgy kleptocrat and the car won't move under its own power until it's offered for sale again in a few years time .
But it is fun to look at prices then and now.I have been researching this for a chapter of the book I've just finished writing and may I share some prices from 1 June 1967 Autocar, one of the first I bought as a kid ?
Ferrari 275GTS -£3995
Porsche Speedster (1957 ) - £499
DB4 Convertible - £1500
Inflation adjustment means the 275 cost the equivalent of £65k - but that's about a million shy of current value .
And here's one choice that's easy to make . You have £995 to spend so which is it to be - Vauxhall Cresta or TVR Tuscan V8 ?
The real enthusiast doesn't care about £s - such as the gent I saw hillclimbing the other week. He'd be in his seventies I'd guess and he was driving a red Ferrari 250SWB . Which I later saw being driven on its way home . Respect !
But it is fun to look at prices then and now.I have been researching this for a chapter of the book I've just finished writing and may I share some prices from 1 June 1967 Autocar, one of the first I bought as a kid ?
Ferrari 275GTS -£3995
Porsche Speedster (1957 ) - £499
DB4 Convertible - £1500
Inflation adjustment means the 275 cost the equivalent of £65k - but that's about a million shy of current value .
And here's one choice that's easy to make . You have £995 to spend so which is it to be - Vauxhall Cresta or TVR Tuscan V8 ?
The real enthusiast doesn't care about £s - such as the gent I saw hillclimbing the other week. He'd be in his seventies I'd guess and he was driving a red Ferrari 250SWB . Which I later saw being driven on its way home . Respect !
Edited by coppice on Sunday 27th May 09:10
Talking of Jaguars, i think i wanna live in this place !! :-) https://www.topgear.com/car-news/classic/take-look...
In 2007 I bought a 911 3.2 carrera, fpsh, 24k miles, one of the last 100 or so 911's mad before the 964 appeared (actually was assembled as the same time as the 964, such that it used the 964 filler neck etc) in very good condition for 10k
The price of one in similar condition now Is 50 to 80k
Go figure
But it's a real pain, almost feel I can't enjoy the car because I might be harming the 'value' that I've never seen or earnt.
Classics are odd
The price of one in similar condition now Is 50 to 80k
Go figure
But it's a real pain, almost feel I can't enjoy the car because I might be harming the 'value' that I've never seen or earnt.
Classics are odd
Ok, i wont......
E Types are vastly over valued, over priced, under used, cosseted, cotton wooled, blah blah blah, they should be used enjoyed :-)
I've just driven down to Brands in mine for the Masters historic weekend, going around the M25 and down the A20 towards Brands was magic, always puts a huge smile on my face :-)
E Types are vastly over valued, over priced, under used, cosseted, cotton wooled, blah blah blah, they should be used enjoyed :-)
I've just driven down to Brands in mine for the Masters historic weekend, going around the M25 and down the A20 towards Brands was magic, always puts a huge smile on my face :-)
EXKAY120 said:
Ok, i wont......
E Types are vastly over valued, over priced, under used, cosseted, cotton wooled, blah blah blah, they should be used enjoyed :-)
I've just driven down to Brands in mine for the Masters historic weekend, going around the M25 and down the A20 towards Brands was magic, always puts a huge smile on my face :-)
Good for you !E Types are vastly over valued, over priced, under used, cosseted, cotton wooled, blah blah blah, they should be used enjoyed :-)
I've just driven down to Brands in mine for the Masters historic weekend, going around the M25 and down the A20 towards Brands was magic, always puts a huge smile on my face :-)
Bumped into a gent in a red 4.2 drop head that he had owned from new, and boy did he seem to enjoy the car to its fullest. Might also help to be able to afford to keep it in perfect condition despite its use.
People forget how much it can cost to keep a classic in tip top. Just had a small section of rust done on mine where the windscreen had rubbed the paint, cost 3k. In the shop at the time he had a lightweight e type having a complete rebuild, now that was worth 7 figures, that might have been overpriced
Gary C said:
EXKAY120 said:
Ok, i wont......
E Types are vastly over valued, over priced, under used, cosseted, cotton wooled, blah blah blah, they should be used enjoyed :-)
I've just driven down to Brands in mine for the Masters historic weekend, going around the M25 and down the A20 towards Brands was magic, always puts a huge smile on my face :-)
Good for you !E Types are vastly over valued, over priced, under used, cosseted, cotton wooled, blah blah blah, they should be used enjoyed :-)
I've just driven down to Brands in mine for the Masters historic weekend, going around the M25 and down the A20 towards Brands was magic, always puts a huge smile on my face :-)
Bumped into a gent in a red 4.2 drop head that he had owned from new, and boy did he seem to enjoy the car to its fullest. Might also help to be able to afford to keep it in perfect condition despite its use.
People forget how much it can cost to keep a classic in tip top. Just had a small section of rust done on mine where the windscreen had rubbed the paint, cost 3k. In the shop at the time he had a lightweight e type having a complete rebuild, now that was worth 7 figures, that might have been overpriced
If you really really want XYZ car....and you have the money to be able to buy one......then ABC car just won't do.... No matter how much better the ABC car might appear to the majority of other people.
I often wonder if people who start these 'overpriced' threads and fret about the price of a particular car go and buy the alternatives they usually suggest as being better......or whether they are just secretly hoping the value of the 'overpriced' car comes down to a level they can afford
Interesting thread from a few years ago, worth a read:-
https://www.pistonheads.com/gassing/topic.asp?h=0&...
https://www.pistonheads.com/gassing/topic.asp?h=0&...
s m said:
Although if it was worth 7 figures it wouldn't have been overpriced if someone paid those 7 figures? ( unless of course they could have got it for 6 figures? )
If you really really want XYZ car....and you have the money to be able to buy one......then ABC car just won't do.... No matter how much better the ABC car might appear to the majority of other people.
I often wonder if people who start these 'overpriced' threads and fret about the price of a particular car go and buy the alternatives they usually suggest as being better......or whether they are just secretly hoping the value of the 'overpriced' car comes down to a level they can afford
Don't disagree.If you really really want XYZ car....and you have the money to be able to buy one......then ABC car just won't do.... No matter how much better the ABC car might appear to the majority of other people.
I often wonder if people who start these 'overpriced' threads and fret about the price of a particular car go and buy the alternatives they usually suggest as being better......or whether they are just secretly hoping the value of the 'overpriced' car comes down to a level they can afford
Worth and value, difficult. But boy was that lightweight racing e type nice, was being changed back from rose jointed suspension back to original to allow it to compete in historic racing.
He did also have, first time I went, a 914 which had been fitted with a flat 6 and the wider arches, the owner was spending an absolute fortune having it reverted back to totally original spec, spending far more than the subsequent car would be 'worth' however this car had been bought new by the owner then sold many years ago, then tracked down and bought back. To that person, it was totally worth the cost and I would do the same.
So, if you used to own a red 1989 3.2 carrera with the reg number A911RAT and are now a multi millionaire who would like it back, I'm open to offers
IMO E types are far too common to justify the prices asked, Most classic shows have at least 10-15 E tyoes, at each show.
>
At the end of the day though any car is worth what some idiot is prepared to pay for it
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Lowdrag
Well done for driving your car - if you ever make it to the awesome roads of Mid Wales - let me know I'll join you for a decent paced Blat:}
Rene
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At the end of the day though any car is worth what some idiot is prepared to pay for it
>
Lowdrag
Well done for driving your car - if you ever make it to the awesome roads of Mid Wales - let me know I'll join you for a decent paced Blat:}
Rene
s m said:
I often wonder if people who start these 'overpriced' threads and fret about the price of a particular car go and buy the alternatives they usually suggest as being better......or whether they are just secretly hoping the value of the 'overpriced' car comes down to a level they can afford
I often wonder the same. Given that they didn't buy one before the price rise I guess the answer is fairly obvious.mph said:
s m said:
I often wonder if people who start these 'overpriced' threads and fret about the price of a particular car go and buy the alternatives they usually suggest as being better......or whether they are just secretly hoping the value of the 'overpriced' car comes down to a level they can afford
I often wonder the same. Given that they didn't buy one before the price rise I guess the answer is fairly obvious.I bet people wouldn't be complaining that prices had risen if they were trying t sell.
When I was in primary school one of my class-mates had a mother who worked in a toy shop, so he got all the new models - the red Corgi E-Type FHC was the car I always wanted!
But unless I sell the house and move into it I'll never have one!
I've got my later take on the same theme but where the E-Type struggled to manage 150 mph unless it had some tweaks, my car has a limiter for 155 mph!
But if I could afford an E-Type I'd still buy one - an iconic car IMHO!
But unless I sell the house and move into it I'll never have one!
I've got my later take on the same theme but where the E-Type struggled to manage 150 mph unless it had some tweaks, my car has a limiter for 155 mph!
But if I could afford an E-Type I'd still buy one - an iconic car IMHO!
lowdrag said:
a Triumph Vitesse 2 lire convertible is still under £10,000
I should bloody well hope so - and long may it remain that way. At least the E Type was a good car!2 lire is about all I'd pay for one......
It's odd - cars like the BMW E9 CS Coupes and R107 Mercs took such a long to time to climb in value with decent examples overlapping with prices of MGB's, Stags and stuff like that up to 5-10 years ago. Bizarre.
With regards to E Type values; to the man who bought one when prices were sensible all those years ago; would you pay £150'000 for one now?
Next week will see me back in the UK with my Lynx XKSS. I'll be climbing Shelsley Walsh as fast as I can on Saturday, I'll be doing Prescott on Sunday, and fingers crossed that nothing happens because we take the ferry back to France on the Sunday night - after a good pub meal of course! Use it or lose it. About 600 miles in four days and about £400 in petrol. Now deduct the 40% inheritance tax and the whole ruddy four days has cost me a mere £600 including the ferry. I can't have more fun with my socks on!
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