Is there any value left is the current market?

Is there any value left is the current market?

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Discussion

J1mmy90

Original Poster:

15 posts

28 months

Monday 14th June
quotequote all
Long time lurker and first time poster here. After waiting patiently for years (mainly due to a lack of finance) I have been looking to get back into a sporty fun car. I have been looking at some 911s (997), M3/4 (F80), Z4 (2012 onwards), Cayman (2010 onwards).

What I have notice has been discussed here before is that all of them have gone up on value, too much in the case of the Porches. This has put the very cars I saved up for now out of reach. I also don’t want to stretch myself and find them going back to previous levels in 12-18 months.

This got me thinking is there any value left in the current market for sporty fun cars, my budget was 20-30k?

ZX10R NIN

21,834 posts

93 months

Monday 14th June
quotequote all
If you have 20-30k there are some very good cars for your budget, it's just that the size of the pool has shrank, you say you want a sportscar at which point I'd say look at the Lotus Evora & this would've been my advice pre pandemic.

Like all performance cars these have gone up slightly but prices won't come crashing down & you can get a very nice one for your budget:

https://www.autotrader.co.uk/car-details/202105112...

https://www.autotrader.co.uk/car-details/202105172...

There's also less chance of borkage & you'll have a car with a sublime chassis setup for UK roads.

J1mmy90

Original Poster:

15 posts

28 months

Monday 14th June
quotequote all
Thanks for the reply. I did think about the Evora but don’t know much about them. Are they reliable and reasonable to maintain?

Also the question I was asking has there been anything that has not really appreciated? Has anything been immune to the recent rises?

Belle427

5,504 posts

201 months

Monday 14th June
quotequote all
The Lotus is a good place to put your money I'd say too, they do seem to hold their value incredibly well.
I'm not sure I could pick an M3/4 over the Evora as good as they are.

GreatGranny

7,992 posts

194 months

Monday 14th June
quotequote all
Evora is a good shout or I would go for the best 944 Turbo you can find.

Mr E

20,045 posts

227 months

Monday 14th June
quotequote all
J1mmy90 said:
Thanks for the reply. I did think about the Evora but don’t know much about them. Are they reliable and reasonable to maintain?
Clutch is ~3k, but that’s the only major cost that I’m aware of.
Of course, a pile of usual lotus niggles no doubt.

Yes, I’m looking. I don’t like the prices much.


Edited by Mr E on Monday 14th June 15:07

ZX10R NIN

21,834 posts

93 months

Monday 14th June
quotequote all
J1mmy90 said:
Thanks for the reply. I did think about the Evora but don’t know much about them. Are they reliable and reasonable to maintain?

Also the question I was asking has there been anything that has not really appreciated? Has anything been immune to the recent rises?
They're easily as reliable as a Porsche, there's nothing that has been immune from a price increase from a Focus to Ferrari, or stayed the same.

In truth Evora's have been steady for a while, I'd say test drive one.



J1mmy90

Original Poster:

15 posts

28 months

Monday 14th June
quotequote all
Thanks all for the feedback. Evora sounds like a good option. For the clutch does the 3K bill apply to both the manual and auto boxes? How long does one typically last?

TheAlastair34

326 posts

96 months

Tuesday 15th June
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J1mmy90 said:
Thanks all for the feedback. Evora sounds like a good option. For the clutch does the 3K bill apply to both the manual and auto boxes? How long does one typically last?
Just the manual

they failed beacuse of the slave cylinders i think and there was a upgraded the the clutch lines that was retro fitted i think.

I dont think the actual clutch wears out as such, i bought a NA manual recently it had a slave replaced @ 33k

Its a very comfy car looks great sounds good and its rare and differnt unlike a porsche or M4, prices have increased a little in the last 12 months but prior to that they have been stable for a good 5 years so dont think your going to loose anything

J1mmy90

Original Poster:

15 posts

28 months

Tuesday 15th June
quotequote all
Thanks for the info. How much was the slave replacement ? Is that different to a full clutch?

TheAlastair34

326 posts

96 months

Wednesday 16th June
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J1mmy90 said:
Thanks for the info. How much was the slave replacement ? Is that different to a full clutch?
No its engine and box out and rear clam off thats the issue its labour that makes it expensive

Most will have had them replaced in fairness if you have a look as people are weary about them as you are

Even if you had to have it replaced at somepoint it will add value to the car & apart from that they are solid in terms of price & other reliability something that cannot be said for a 911 of the same era

covmutley

2,367 posts

158 months

Wednesday 16th June
quotequote all
Nuts isn't it. 10k 996's are long gone, alfa 4c seems to have jumped from 35 to low 40's, cheapest elise now about 15k.

No chance of me affording a nice car for my upcoming 40th!

J1mmy90

Original Poster:

15 posts

28 months

Wednesday 16th June
quotequote all
Thanks for the info.

Agree it’s gone a bit crazy.

covmutley

2,367 posts

158 months

Thursday 17th June
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I play football with a guy who does the finance for a fsirly large used dealer, and another guy who owns multiple Mercedes and vw dealerships across South wales.

Both said tonight used prices will continue to rise over the next few weeks and months. Very few new cars coming through due to production delays and lots of rrerd have had to be cancelled.

xmyph

1,637 posts

139 months

Thursday 17th June
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J1mmy90 said:
Thanks for the info.

Agree it’s gone a bit crazy.
Pump money into the economy through crazy QE and this is what happens. Inflation goes through the roof for cars, houses, etc and some how the official inflation figures stay low.

The haves with large share portfolios, car collections or property gain, while everyone else working Mon-Fri finds prices pushed beyond their reach. A sad state of affairs esp for the young.

lewisf182

2,014 posts

156 months

Thursday 17th June
quotequote all
Prices have just gone silly and not much looks like good value anymore tbh. Might be time to buy a much cheaper car to ride it out/find a reasonable lease deal.
Issue is I can’t see what would cause prices to fall back from this point really, which is frustrating as this year I was looking to get back into something tasty after funding a house renovation but just can’t bring myself to pay for a car that’s gone up £5k+ in less than a year yet is a year older with more mileage.

Edited by lewisf182 on Thursday 17th June 13:36

J1mmy90

Original Poster:

15 posts

28 months

Friday 18th June
quotequote all
Thanks for all the replies. I agree it’s a sorry state of affairs. Lease seems like an alternative to ride it out but are there any deals there?

SCEtoAUX

4,018 posts

49 months

Friday 18th June
quotequote all
xmyph said:
J1mmy90 said:
Thanks for the info.

Agree it’s gone a bit crazy.
Pump money into the economy through crazy QE and this is what happens. Inflation goes through the roof for cars, houses, etc and some how the official inflation figures stay low.

The haves with large share portfolios, car collections or property gain, while everyone else working Mon-Fri finds prices pushed beyond their reach. A sad state of affairs esp for the young.
Absolutely spot on, could have written that myself.