Seriously Overpriced Cars

Seriously Overpriced Cars

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Discussion

swisstoni

10,610 posts

243 months

Monday 11th January
quotequote all
ro250 said:
robinessex said:
Leftfootwonder said:
Probably a few mates !!
Isn't it the case that you're really buying the title to 'restore' the car? So the value is in that rather than the metal itself. I know nothing about these sort of cars but a 30 second google turned up restored ones for £15k+
Yes I did that too. I suppose the vans were even less likely to survive than the cars, and not as common in the first place.

d_a_n1979

2,642 posts

36 months

Monday 11th January
quotequote all
Bemmer said:
d_a_n1979 said:
06 335i touring

'Literally has every option...'l

Aye; ok rolleyeslaugh
"Literally every option" EXCEPT Pan Sun Roof,Harman Kardon,19" Alloys,Xenons,Met paint......
Not that bad then winklaugh

PhantomPH

3,676 posts

189 months

Monday 11th January
quotequote all
andburg said:
its junk but these days you can buy a a whole new shell for a mini...not sure on the van but I'd expect the value here is in the V5 and chassis number, but probably not £3k plus when restored ones are around for £15k.

I expect any buyer would re-shell this and create a new "old" mini van.
I'd have to question whether or not they actually have the V5 - the valuable part. I'd assume there must be something otherwise 51 people need a strong talking to.

A couple of days ago I bought a January '61 Mini for only a few hundred quid more than the current £3,700 bid on this and it's a million times better condition than this...but stills needs a full resto.

AL5026

289 posts

152 months

Monday 11th January
quotequote all
Bemmer said:
d_a_n1979 said:
06 335i touring

'Literally has every option...'l

Aye; ok rolleyeslaugh
"Literally every option" EXCEPT Pan Sun Roof,Harman Kardon,19" Alloys,Xenons,Met paint......
And in dog cock red to boot!

rallycross

11,132 posts

201 months

Tuesday 12th January
quotequote all
Holly crap £50,000 for a mk3 Escrot RS.

https://www.facebook.com/marketplace/item/29742961...


Bemmer

828 posts

166 months

Tuesday 12th January
quotequote all
rallycross said:
Holly crap £50,000 for a mk3 Escrot RS.

https://www.facebook.com/marketplace/item/29742961...
The fact the advert states NOW SOLD indicates that it was not seriously overpriced... There even looking to buy similar stock...!

Randy Winkman

9,466 posts

153 months

Tuesday 12th January
quotequote all
PhantomPH said:
andburg said:
its junk but these days you can buy a a whole new shell for a mini...not sure on the van but I'd expect the value here is in the V5 and chassis number, but probably not £3k plus when restored ones are around for £15k.

I expect any buyer would re-shell this and create a new "old" mini van.
I'd have to question whether or not they actually have the V5 - the valuable part. I'd assume there must be something otherwise 51 people need a strong talking to.

A couple of days ago I bought a January '61 Mini for only a few hundred quid more than the current £3,700 bid on this and it's a million times better condition than this...but stills needs a full resto.
The V5/VIN thing is the part I don't get. I totally get why people love classic cars and personally I love Minis. But to me, the V5/VIN don't make a car original if the body and most of the rest of the car is new. There was a totally knackered Mini Copper S on Bangers and Cash (repeat) the other night that sold for a fortune. It just baffles me. confused

andburg

4,584 posts

133 months

Tuesday 12th January
quotequote all
Bemmer said:
The fact the advert states NOW SOLD indicates that it was not seriously overpriced... There even looking to buy similar stock...!
except you dont know what the buyer paid

Shnozz

22,896 posts

235 months

Tuesday 12th January
quotequote all
Not sure what it says about classic Ford prices but I didn't really bat an eyelid when I saw a £50k price tag on such a low mileage Mk 3 RS.

s m

20,623 posts

167 months

Tuesday 12th January
quotequote all
Shnozz said:
Not sure what it says about classic Ford prices but I didn't really bat an eyelid when I saw a £50k price tag on such a low mileage Mk 3 RS.
Seems about right for such a low mileage concours winner

GroundZero

811 posts

18 months

Tuesday 12th January
quotequote all
So what is driving people to continue to pay well over the odds for old used cars?
Surely any argument for "value for money" has been stretched a bit too thin - or is "value for money" not a thing that people strive for in this market?


PrinceRupert

10,186 posts

49 months

Tuesday 12th January
quotequote all
GroundZero said:
So what is driving people to continue to pay well over the odds for old used cars?
Surely any argument for "value for money" has been stretched a bit too thin - or is "value for money" not a thing that people strive for in this market?
They want it, and they can afford it.

Bemmer

828 posts

166 months

Tuesday 12th January
quotequote all
andburg said:
Bemmer said:
The fact the advert states NOW SOLD indicates that it was not seriously overpriced... There even looking to buy similar stock...!
except you dont know what the buyer paid
Nor do you..? So a pointless post really. Common sense would indicate the fact the seller is keen to buy similar stock they must have achieved the price or very close to it.

s m

20,623 posts

167 months

Tuesday 12th January
quotequote all
GroundZero said:
So what is driving people to continue to pay well over the odds for old used cars?
In this case you could say it’s “about the odds” rather than “well over the odds” for a low mileage concours example.

Same as an E30 M3 might be expected to be 6 figures in similar condition

Cheaper, higher mileage ones in not as good condition will be available at a fraction of the price in both cases

waynecyclist

1,205 posts

78 months

Tuesday 12th January
quotequote all
s m said:
Shnozz said:
Not sure what it says about classic Ford prices but I didn't really bat an eyelid when I saw a £50k price tag on such a low mileage Mk 3 RS.
Seems about right for such a low mileage concours winner
Agreed and only going to keep going up in value

The Spruce Goose

27,659 posts

159 months

Tuesday 12th January
quotequote all
waynecyclist said:
Agreed and only going to keep going up in value
No guarantee though.

LetsTryAgain

2,703 posts

37 months

Tuesday 12th January
quotequote all
The Spruce Goose said:
waynecyclist said:
Agreed and only going to keep going up in value
No guarantee though.
Past performance is no guarantee of future results.

s m

20,623 posts

167 months

Tuesday 12th January
quotequote all
The Spruce Goose said:
waynecyclist said:
Agreed and only going to keep going up in value
No guarantee though.
Very true - I dare say a lot of people on here are waiting for the oft-mentioned ‘bubble’ to burst so we can buy some cheap old stuff!

Mr lestat

2,914 posts

154 months

Tuesday 12th January
quotequote all
Randy Winkman said:
The V5/VIN thing is the part I don't get. I totally get why people love classic cars and personally I love Minis. But to me, the V5/VIN don't make a car original if the body and most of the rest of the car is new. There was a totally knackered Mini Copper S on Bangers and Cash (repeat) the other night that sold for a fortune. It just baffles me. confused
Perhaps a less honest person could use the vin plate and v5 to create a vehicle from a stolen one.

Yes I restored it officer and now it’s worth £20k

andburg

4,584 posts

133 months

Tuesday 12th January
quotequote all
s m said:
The Spruce Goose said:
waynecyclist said:
Agreed and only going to keep going up in value
No guarantee though.
Very true - I dare say a lot of people on here are waiting for the oft-mentioned ‘bubble’ to burst so we can buy some cheap old stuff!
I just dont think that is ever gonna happen, these things are no longer cars, they're financial assets with wheels.