Seriously Overpriced Cars

Seriously Overpriced Cars

Author
Discussion

CraigyMc

16,405 posts

236 months

Tuesday 14th March 2023
quotequote all
Rufus Stone said:
Demelitia said:
Speaking of overpriced Fords…
https://www.autotrader.co.uk/car-details/202205185...

Must be the 3 keys that really make it worth that amount.
It's a typo, £3785 on their website.
£37.85, surely?

ambuletz

10,734 posts

181 months

Wednesday 15th March 2023
quotequote all
£7k for a '09 swift

I get that it's low mileage, but who on earth would spend nearly £7k on a rather ordinary small hatchback as the swift that is already 14 years old.
There seems to be a handful of these (some as old as 2006) being priced for £5k upwards. I've no idea who would ever want to buy them.

Downward

3,593 posts

103 months

Wednesday 15th March 2023
quotequote all
Rufus Stone said:
Demelitia said:
Speaking of overpriced Fords…
https://www.autotrader.co.uk/car-details/202205185...

Must be the 3 keys that really make it worth that amount.
It's a typo, £3785 on their website.
That’s not bad for a 58k.
Looks clean too.

V 02

2,036 posts

60 months

Wednesday 15th March 2023
quotequote all

james6546

983 posts

51 months

Wednesday 15th March 2023
quotequote all
Two for you:

I suspect this one is priced wrongly, unless they value the numberplate at £27k.

https://www.ebay.co.uk/itm/115731306153?mkcid=16&a...



This one, I've posted before, but is back up for sale. I reckon judging by his other listings the seller is just nuts. Look at the rust on the rear wheel arch. My £2k 9-3 doesn't have that.

https://www.ebay.co.uk/itm/115728861831?mkcid=16&a...


texaxile

3,290 posts

150 months

Wednesday 15th March 2023
quotequote all
james6546 said:
This one, I've posted before, but is back up for sale. I reckon judging by his other listings the seller is just nuts. Look at the rust on the rear wheel arch. My £2k 9-3 doesn't have that.

https://www.ebay.co.uk/itm/115728861831?mkcid=16&a...

looking at his other items, that spanner wants £500 BIN for a secondhand jacket that can be found for $20 in the USA, or a similar one for £7 on vinted. What an absolute tool.

As for the car, it's not only £16k overpriced, it is also a total and utter nail. I like how he backs everything up with "not a cheap job"...

BlindedByTheLights

1,249 posts

97 months

Wednesday 15th March 2023
quotequote all
texaxile said:
james6546 said:
This one, I've posted before, but is back up for sale. I reckon judging by his other listings the seller is just nuts. Look at the rust on the rear wheel arch. My £2k 9-3 doesn't have that.

https://www.ebay.co.uk/itm/115728861831?mkcid=16&a...

looking at his other items, that spanner wants £500 BIN for a secondhand jacket that can be found for $20 in the USA, or a similar one for £7 on vinted. What an absolute tool.

As for the car, it's not only £16k overpriced, it is also a total and utter nail. I like how he backs everything up with "not a cheap job"...
It’s like they’ve taken the price they bought the car at, added every repair cost they’ve spent on it, and arrived at a sale price as a total of these biggrin

krisdelta

4,566 posts

201 months

Saturday 18th March 2023
quotequote all
2003 530d with no service history and apparently someone has already offered £6,500 for it. Have I missed the memo, £9,500 is a ridiculous price for this. Trade value @ £2k?



DodgyGeezer

40,439 posts

190 months

Saturday 18th March 2023
quotequote all
krisdelta said:
2003 530d with no service history and apparently someone has already offered £6,500 for it. Have I missed the memo, £9,500 is a ridiculous price for this. Trade value @ £2k?


green?

Longy00000

1,345 posts

40 months

Saturday 18th March 2023
quotequote all
Well taking his word for it as being excellent condition etc hos beemer according to
Arnold clark valuation subject to inspection


As a private sale surely it's about £3,500 or maybe I'm just on another plant these days

BrotherMouzone

3,169 posts

174 months

Tuesday 21st March 2023
quotequote all

ingenieur

4,097 posts

181 months

Tuesday 21st March 2023
quotequote all
BrotherMouzone said:
I think that one has been on before.

ingenieur

4,097 posts

181 months

Tuesday 21st March 2023
quotequote all
Longy00000 said:
Well taking his word for it as being excellent condition etc hos beemer according to
Arnold clark valuation subject to inspection


As a private sale surely it's about £3,500 or maybe I'm just on another plant these days
I think it's the low~ish mileage which makes it worth more. But it shouldn't be worth quite that much more.

Shabaza

209 posts

97 months

Tuesday 21st March 2023
quotequote all
https://www.autotrader.co.uk/car-details/202303155...

Think he forgot to mention there must be £10k+ stashed in the car

TREMAiNE

3,918 posts

149 months

Tuesday 21st March 2023
quotequote all
Shabaza said:
https://www.autotrader.co.uk/car-details/202303155...

Think he forgot to mention there must be £10k+ stashed in the car
I does look like a genuinely lovely example. A little sad that they've sunk £30k into it. If genuine and really restored that standard, I don't think £15k is that bad an asking price. The problem is WHY would you?
It's not special enough to stick in a collection and if you use it, it will drop in value like a stone.

Unless you specifically want to daily that sort of car and don't mind paying a premium for such an excellent example, there isn't really a market for it.

LittleBigPlanet

1,120 posts

141 months

Tuesday 21st March 2023
quotequote all
TREMAiNE said:
Shabaza said:
https://www.autotrader.co.uk/car-details/202303155...

Think he forgot to mention there must be £10k+ stashed in the car
I does look like a genuinely lovely example. A little sad that they've sunk £30k into it. If genuine and really restored that standard, I don't think £15k is that bad an asking price. The problem is WHY would you?
It's not special enough to stick in a collection and if you use it, it will drop in value like a stone.

Unless you specifically want to daily that sort of car and don't mind paying a premium for such an excellent example, there isn't really a market for it.
Agreed, it's a bit of an oddity in that sense. Surely, if you're not out to make a profit (the numbers don't add up here), you'd just keep it and run it into the ground given that it owes you over £30k.

E63eeeeee...

3,844 posts

49 months

Tuesday 21st March 2023
quotequote all
TREMAiNE said:
Shabaza said:
https://www.autotrader.co.uk/car-details/202303155...

Think he forgot to mention there must be £10k+ stashed in the car
I does look like a genuinely lovely example. A little sad that they've sunk £30k into it. If genuine and really restored that standard, I don't think £15k is that bad an asking price. The problem is WHY would you?
It's not special enough to stick in a collection and if you use it, it will drop in value like a stone.

Unless you specifically want to daily that sort of car and don't mind paying a premium for such an excellent example, there isn't really a market for it.
Well, that's just odd. You spend 30k on a 3k car and expect someone to give you 15k for it. But it's now just a very tidy 3k car. I don't understand why you wouldn't buy a better place to start - you could get a very decent 80k manual for 6k or so, and probably spend less on the resto. Or for 33k you'd be right at the top end of M3 money. I've got two of these, so I'm hardly in a position of being entirely sensible myself, but that seems nuts. Still, I guess I should support anyone trying to drive up the 330Ci market.

thelostboy

4,569 posts

225 months

Tuesday 21st March 2023
quotequote all
You're looking for the one guy who had one back when they were new who wants to relive the nostalgia.

Not sure how you can call this one overpriced if he's really spent £30,000 on parts.

E63eeeeee...

3,844 posts

49 months

Tuesday 21st March 2023
quotequote all
thelostboy said:
You're looking for the one guy who had one back when they were new who wants to relive the nostalgia.

Not sure how you can call this one overpriced if he's really spent £30,000 on parts.
Mostly replacing things that didn't need it and would have outlasted the car, and afaict it's still got a 120k engine in it.

It does sound like he enjoys the rebuild process, so fair play, but if you wanted it to be worth M3 money at 120k, you'd surely have been better off rebuilding the engine, addressing the underbody rust and skimping on the boot trim.

thelostboy

4,569 posts

225 months

Tuesday 21st March 2023
quotequote all
Don't disgree... but I can imagine if I was retired and bored this would be the sort of thing I'd waste my time doing! So a result, can't really knock it.