Seriously Overpriced Cars

[ninjacost]

mike74 said:

ninjacost said:

=mike74]The bodywork looks nice enough in the pics, but the cars clearly not an original unmodified example so unlikely to appeal to collectors or investors as the ''fast appreciating classic'' that the seller describes it as.

It's essentially just a track car with an MOT and no documented history or verifiable mileage at all.

As such £4,250 seems rather optimistic

https://www.ebay.co.uk/itm/Unique-Peugeot-106-GTI-...




I think that's a fair price for that , its not outrageously overpriced , looks a tidy well prepared car IMHO.

Not outrageously overpriced I admit, but I don't know how have you can arrive at that conclusion just from the pics/info in the advert that it's tidy, well prepared and a fair price?... you've got no idea just what the chassis or running gear is (OEM? aftermarket?), what age or condition it's all in or what mileage it's covered?

It comes with no documented build history or verified mileage, I think you'd have to be very confident in your personal ability to ''gauge a car on condition'' on close inspection to offer anything like the asking price.

I think it's the use of the phrase ''fast appreciating classic'' that especially annoys me with this advert.

It's an irritating enough phrase at the best of times but to use it describe a car that's about as far from original and unmodified as it's possible to be and having no documented history or verifiable mileage is just a joke, a collector or investor looking for an ''appreciating classic'' wouldn't touch this with a barge pole.


I think this is neither fish nor fowl... as an original and unmodified example of a 106 gti it's not worth £4,250 because it's very much not original or unmodified and as a track car it's not worth £4,250 unless it has some form of documented build history and good quality uprated components such as suspension and breaks, which there's no evidence that this has got.

Edited by mike74 on Tuesday 30th June 11:28

Fast appreciating classic aside which I admit is a stretch ,try building the car for that price ,Having prepped a few track cars ,4k doesn't get you very far, in the context of this thread I don't think that car belongs here , there are far more deserving cases IMVHO :-)

[mike74]

ninjacost said:

Fast appreciating classic aside which I admit is a stretch ,try building the car for that price ,Having prepped a few track cars ,4k doesn't get you very far, in the context of this thread I don't think that car belongs here , there are far more deserving cases IMVHO :-)

But that's just my point, you, nor the seller apparently, know just what the build (or mileage) is.

If it had a well documented build history and obvious evidence of quality performance upgrades to the chassis and running gear then it's a not an entirely outrageous price, but for all you know the gearbox, suspension, breaks could all just be standard OEM, 20 years old and done 150k miles... still think it's worth £4,250 if that is the case?

[Jimmy Recard]

LetsTryAgain said:

You’d have to REALLY want an old Peugeot to spend a house deposit on one.
I mean you can get a properly good car for £25k.

I think this sort of thing is bought mostly by people who were teenagers when they were new, had one and miss it/always fancied one but never had one.

Decades later they're successful, financially stable with other cars and a nice house and they want this for the collection.

Obviously not always, but that's usually the typical buyer I've seen for something like this.

[ro250]

But it has to be said, the colour of that Pug doesn't do it any favours.

[ninjacost]

mike74 said:

ninjacost said:

ast appreciating classic aside which I admit is a stretch ,try building the car for that price ,Having prepped a few track cars ,4k doesn't get you very far, in the context of this thread I don't think that car belongs here , there are far more deserving cases IMVHO :-)

But that's just my point, you, nor the seller apparently, know just what the build (or mileage) is.

If it had a well documented build history and obvious evidence of quality performance upgrades to the chassis and running gear then it's a not an entirely outrageous price, but for all you know the gearbox, suspension, breaks could all just be standard OEM, 20 years old and done 150k miles... still think it's worth £4,250 if that is the case?

Have you read the ad ? brakes aren't oem ,safety devices cage (not cheap ) r888 tyres ( not cheap) omp seats ( not cheap ) ,I'm very familiar with peugeots and thats not a bad car at all , It's not seriously overpriced , I challenge you to build that car to that spec for 4250 going purely off the details available .

[mike74]

ninjacost said:

Have you read the ad ? brakes aren't oem ,safety devices cage (not cheap ) r888 tyres ( not cheap) omp seats ( not cheap ) ,I'm very familiar with peugeots and thats not a bad car at all , It's not seriously overpriced , I challenge you to build that car to that spec for 4250 going purely off the details available .

Other than green stuff pads where does it say the brakes are uprated?

Earlier this year I saw a much nicer example with very good quality uprated brake calipers and suspension components, uprated gear linkage, better modified engine complete with pug1off remapped ecu and an immaculate fully original leather and alcantara interior, for sale with all original oem parts as well as fully documented build history and verified low mileage (75k) for exactly the same asking price as this.. and that hung around for a few months before selling.

Unless it can be demonstrated that this undocumented car with unverified mileage has some good quality and good condition uprated running gear then it's worth no where near that as a track car as far as I'm concerned.

[paddy1970]

Low mileage and high spec but still £35k for a 5 year old CLA is a bit stiff:

|https://thumbsnap.com/uqBpdMc5[/url]

https://www.autotrader.co.uk/classified/advert/202...

[Zippee]

Jimmy Recard said:

LetsTryAgain said:

You’d have to REALLY want an old Peugeot to spend a house deposit on one.
I mean you can get a properly good car for £25k.

I think this sort of thing is bought mostly by people who were teenagers when they were new, had one and miss it/always fancied one but never had one.

Decades later they're successful, financially stable with other cars and a nice house and they want this for the collection.

Obviously not always, but that's usually the typical buyer I've seen for something like this.

That's what I've done with several of my mountain bikes

[anonymous-user]

Jimmy Recard said:

I think this sort of thing is bought mostly by people who were teenagers when they were new, had one and miss it/always fancied one but never had one.

Decades later they're successful, financially stable with other cars and a nice house and they want this for the collection.

Obviously not always, but that's usually the typical buyer I've seen for something like this.

Where were they all when they were virtually worthless tho?

Like I kind of understand the sort of buyer you describe, but you didn't have to be anything like "financially stable" to own one for many, many years... When £3k got you a Dimma and a grand got you most 1.9 GTIs on the market, people that actually wanted them kinda just bought them. And drove them. And modified them. And crashed them. And loved them.

I suppose that's the point and there aren't nearly as many around anymore, but I can't help but think anyone willing to put £25,000 into a 205 GTI is way more 'speculator' than 'life long enthusiast'.

[ninjacost]

mike74 said:

ninjacost said:

Have you read the ad ? brakes aren't oem ,safety devices cage (not cheap ) r888 tyres ( not cheap) omp seats ( not cheap ) ,I'm very familiar with peugeots and thats not a bad car at all , It's not seriously overpriced , I challenge you to build that car to that spec for 4250 going purely off the details available .

Other than green stuff pads where does it say the brakes are uprated?

Earlier this year I saw a much nicer example with very good quality uprated brake calipers and suspension components, uprated gear linkage, better modified engine complete with pug1off remapped ecu and an immaculate fully original leather and alcantara interior, for sale with all original oem parts as well as fully documented build history and verified low mileage (75k) for exactly the same asking price as this.. and that hung around for a few months before selling.

Unless it can be demonstrated that this undocumented car with unverified mileage has some good quality and good condition uprated running gear then it's worth no where near that as a track car as far as I'm concerned.

EBC drilled and groove discs with EBC green stuff pads, Maybe read the ad properly , Look we are not going to agree ,you think its seriously overpriced ,I don't , horses for courses and all that , one of my previous cars as been mentioned on here ,now that is seriously overpriced !

[A1VDY]

generationx said:

There's another Dimma 205 emerged:

https://www.carandclassic.co.uk/car/C1240352

Much as I adore these things (and that's a lovely colour/wheels combination) it's a bit steep at £26K...

Looks good until the n/s/r shot of that spaff zorst..

[HM-2]

paddy1970 said:

Low mileage and high spec but still £35k for a 5 year old CLA is a bit stiff:

|https://thumbsnap.com/uqBpdMc5[/url]

https://www.autotrader.co.uk/classified/advert/202...

That's a joke. I looked at 2015 A45 hatch with similar spec, admittedly twice the mileage, at ten grand less over two years ago.

[mike74]

ninjacost said:

EBC drilled and groove discs with EBC green stuff pads, Maybe read the ad properly , Look we are not going to agree ,you think its seriously overpriced ,I don't , horses for courses and all that , one of my previous cars as been mentioned on here ,now that is seriously overpriced !

I have read the ad properly and contacted the seller, because I was potentially interested in it, but his response doesn't leave me with any confidence that I'm wrong in my initial assertions.

To me uprated brakes in terms of a track car means the calipers themselves not just disks and pads.

I've said all along it's not outrageously overpriced and I don't deny it's got some nice enough track mods on the interior, but for a car that's got no documented history of any kind, no verified mileage and as far as the ad goes there's nothing to suggest that all the chassis and running gear is anything other than original, 22 years old and if on average mileage then well into six figures then it's not worth £4,250.

Edited by mike74 on Wednesday 1st July 06:28

[epom]

HM-2 said:

paddy1970 said:

Low mileage and high spec but still £35k for a 5 year old CLA is a bit stiff:

|https://thumbsnap.com/uqBpdMc5[/url]

https://www.autotrader.co.uk/classified/advert/202...

That's a joke. I looked at 2015 A45 hatch with similar spec, admittedly twice the mileage, at ten grand less over two years ago.

It is one of a kind...

[StuTheGrouch]

paddy1970 said:

Low mileage and high spec but still £35k for a 5 year old CLA is a bit stiff:

|https://thumbsnap.com/uqBpdMc5[/url]

https://www.autotrader.co.uk/classified/advert/202...

I don't know why dealers think they'll get any nibbles when the Autotrader listing shows how much more it is than the market average. When it's nearly £8k higher than the average surely anyone browsing will see that and think 'fk that'.

On a £35k car, being £1-2k over the average might be ok if it had a rare spec or an unusual option that I was specifically seeking. £8k more is just taking the piss.

[Zonergem]

£34500 for a 75000 mile 4 owner, 4 litre XJS convertible. Don't hold your breath sunshine.

https://www.carandclassic.co.uk/car/C1241292

[Krikkit]

mike74 said:

ninjacost said:

Fast appreciating classic aside which I admit is a stretch ,try building the car for that price ,Having prepped a few track cars ,4k doesn't get you very far, in the context of this thread I don't think that car belongs here , there are far more deserving cases IMVHO :-)

But that's just my point, you, nor the seller apparently, know just what the build (or mileage) is.

If it had a well documented build history and obvious evidence of quality performance upgrades to the chassis and running gear then it's a not an entirely outrageous price, but for all you know the gearbox, suspension, breaks could all just be standard OEM, 20 years old and done 150k miles... still think it's worth £4,250 if that is the case?

The engine bay tells a lot on that particular car - getting a J4 bay to look like that these days is a labour of love, and it's obviously had the engine bay stripped and painted too.

Brakes are standard GTI items which are absolutely fine imo - if you built a lairy ITB'd engine I'd put the cup car AP brakes on it, but with a near-standard J4 it'll be fine.

What I would want to know is how they sorted the arches as it's been built up from a narrow arched standard shell (probably some old lady's 1.0), you wouldn't want a bodge job leaving it open to rust.

Anyway, bit moot, as it's not seriously overpriced at all.

[ninjacost]

Krikkit said:

mike74 said:

ninjacost said:

Fast appreciating classic aside which I admit is a stretch ,try building the car for that price ,Having prepped a few track cars ,4k doesn't get you very far, in the context of this thread I don't think that car belongs here , there are far more deserving cases IMVHO :-)

But that's just my point, you, nor the seller apparently, know just what the build (or mileage) is.

If it had a well documented build history and obvious evidence of quality performance upgrades to the chassis and running gear then it's a not an entirely outrageous price, but for all you know the gearbox, suspension, breaks could all just be standard OEM, 20 years old and done 150k miles... still think it's worth £4,250 if that is the case?

The engine bay tells a lot on that particular car - getting a J4 bay to look like that these days is a labour of love, and it's obviously had the engine bay stripped and painted too.

Brakes are standard GTI items which are absolutely fine imo - if you built a lairy ITB'd engine I'd put the cup car AP brakes on it, but with a near-standard J4 it'll be fine.

What I would want to know is how they sorted the arches as it's been built up from a narrow arched standard shell (probably some old lady's 1.0), you wouldn't want a bodge job leaving it open to rust.

Anyway, bit moot, as it's not seriously overpriced at all.

This was my contention on this being in this thread , it really doesn't deserve the "seriously overpriced " tag , I think its a tidy car for 4250 .

[ucb]

https://www.carandclassic.co.uk/car/C1241504


Carandclassic is the site that just keeps giving

[FA57REN]

Macron said:

The clio 1*2 is now more expensive than gold. Even with a rusty exhaust and other bits this joke of a seller can't be arsed to fix. Five an alf. What the actual?

http://www.autotrader.co.uk/classified/advert/2020...

They're creeping up, especially with low mileage. £12k asked for a plain but good nick 182.:

https://www.autotrader.co.uk/classified/advert/202...

On this trajectory they'll end up at V6 prices by the end of the decade.

Edited by FA57REN on Thursday 2nd July 18:56