Three Wheeler Pricing - Constant Rise
Discussion
I bought a seemingly good example 3 Wheeler back in July for £30k.
It was an earlier 2012 car with 8k miles, but it did have all of the factory recalls/upgrades as well as some other essential mods.
It looked very very tidy and clean for its age.
Unfortunately, 4 weeks to the day after I bought it, a lovely lady in a Range Rover on her phone came around my side of the road on a blind bend, writing off my car in the process.
I have had my insurance payout and intent to replace the 3W with another one, I'd only had it for 4 weeks and 850 miles but I loved it and want more of that experience and I've monitored the market thoroughly for about 10 months now - except for that 4 week period where I owned one.
They just seem SO expensive now though which is a big concern.
There are cars that have been on sale for 7 months that have had their list price INCREASE, despite sitting on forecourts and not selling.
An equivalent car seems to be around £40k now for a similar age/mileage/condition, despite it only being 11 weeks since I bought mine for £30k.
Very annoying when this accident was of no fault of my own but it is what it is.
Given the current financial situation, I am a little torn, on the one hand, as prices are rising, I am worried about them continuing to rise beyond my budget so that I cannot afford one. On the other hand, I am paranoid that if I buy another now, we'll have a market crash and I'll lose 15k overnight.
It seems like such a bad time to buy right now.
I considered ordering a Super 3 but I just don't like it.
Does anyone know whether dealers are dropping their prices for the sale or is this now the going rate? They do all seem to be up for sale for long periods of time without selling.
Any advice on what I should do?
Ideally, I'd like a Euro 3 engined car with under 10k miles.
Not that fussed about options.
It was an earlier 2012 car with 8k miles, but it did have all of the factory recalls/upgrades as well as some other essential mods.
It looked very very tidy and clean for its age.
Unfortunately, 4 weeks to the day after I bought it, a lovely lady in a Range Rover on her phone came around my side of the road on a blind bend, writing off my car in the process.
I have had my insurance payout and intent to replace the 3W with another one, I'd only had it for 4 weeks and 850 miles but I loved it and want more of that experience and I've monitored the market thoroughly for about 10 months now - except for that 4 week period where I owned one.
They just seem SO expensive now though which is a big concern.
There are cars that have been on sale for 7 months that have had their list price INCREASE, despite sitting on forecourts and not selling.
An equivalent car seems to be around £40k now for a similar age/mileage/condition, despite it only being 11 weeks since I bought mine for £30k.
Very annoying when this accident was of no fault of my own but it is what it is.
Given the current financial situation, I am a little torn, on the one hand, as prices are rising, I am worried about them continuing to rise beyond my budget so that I cannot afford one. On the other hand, I am paranoid that if I buy another now, we'll have a market crash and I'll lose 15k overnight.
It seems like such a bad time to buy right now.
I considered ordering a Super 3 but I just don't like it.
Does anyone know whether dealers are dropping their prices for the sale or is this now the going rate? They do all seem to be up for sale for long periods of time without selling.
Any advice on what I should do?
Ideally, I'd like a Euro 3 engined car with under 10k miles.
Not that fussed about options.
There were not many made, they are unique, the new one is great but somewhat neutered. I think you are safe.
Asking price won’t be an issue but it may take a while to sell since not everyone wants one. If you need money quickly it may be a lower price in return.
I say this as the owner of a 2018 model and will never sell (and it cost a lot more than £30k).
PS so sorry about your accident must have been terrifying.
Asking price won’t be an issue but it may take a while to sell since not everyone wants one. If you need money quickly it may be a lower price in return.
I say this as the owner of a 2018 model and will never sell (and it cost a lot more than £30k).
PS so sorry about your accident must have been terrifying.
ReformedPistonhead said:
There were not many made, they are unique, the new one is great but somewhat neutered. I think you are safe.
Asking price won’t be an issue but it may take a while to sell since not everyone wants one. If you need money quickly it may be a lower price in return.
I say this as the owner of a 2018 model and will never sell (and it cost a lot more than £30k).
PS so sorry about your accident must have been terrifying.
I appreciate the low volume for them - though I'm worried the general financial status of the country might affect values right after purchase. Asking price won’t be an issue but it may take a while to sell since not everyone wants one. If you need money quickly it may be a lower price in return.
I say this as the owner of a 2018 model and will never sell (and it cost a lot more than £30k).
PS so sorry about your accident must have been terrifying.
I tend to keep my cars for 2-3 years, so I'd like to get out of it at around the 2 year mark without losing too much. If the financial market does collapse and the car market takes a hit like back in 2008/2009, I am a little paranoid about losing 10k+ on the car...
I was very lucky to walk away from my accident, I was only going about 20mph on impact - she was probably doing around 30mph. The front of her Range Rover was a foot away from my face at its closest point!
Very sore neck and shoulders but I'm ok other than that... Gutted about the car though. Cost to repair was supposedly £73k. 29k for parts +VAT and then 375 hours labour at £85 per hour +VAT.
There is a Miami blue one up for sale on a well known car collecting auction site.
Will be interesting to see what it goes for and give you a sense of the current market.
Have a chat with Dan @ KrazyHorse also, they always have stock and are extremely helpful folk.
You were so lucky, that wreck looks awful and is my nightmare scenario in that car given you are basically on the ground with not much protecting you. The car did well to keep you unscathed.
Will be interesting to see what it goes for and give you a sense of the current market.
Have a chat with Dan @ KrazyHorse also, they always have stock and are extremely helpful folk.
You were so lucky, that wreck looks awful and is my nightmare scenario in that car given you are basically on the ground with not much protecting you. The car did well to keep you unscathed.
I'd not checked this well-known auction site for a while - thanks for the tip-off.
I'll be bidding on this - pretty much my dream spec.
I'm not keen on the cars Krazy Horse currently have for sale and I do feel they're expensive but I do regularly look.
There is currently a green 2012 car up for £40k that I like as well as a green 2018 car up for £45k in Aberdeen that I like.
Yes, very lucky to walk away and not have any serious injuries - took about 4 days before what had happened really hit me. At the time, I was just pissed off that the car was destroyed after I'd spent years saving for it.
I'll be bidding on this - pretty much my dream spec.
I'm not keen on the cars Krazy Horse currently have for sale and I do feel they're expensive but I do regularly look.
There is currently a green 2012 car up for £40k that I like as well as a green 2018 car up for £45k in Aberdeen that I like.
Yes, very lucky to walk away and not have any serious injuries - took about 4 days before what had happened really hit me. At the time, I was just pissed off that the car was destroyed after I'd spent years saving for it.
ReformedPistonhead said:
Looks stunning!As a rule, I hate silver cars - but I think it really suits the 3W. It is so classy yet in line with the car's character.
If they were still in production, I'd be ordering a new one.
I'll definitely bid on the blue one up for sale although sadly I feel it will go for way over my budget.
Russel Paterson has a couple for sale at the moment
https://www.revolutions.uk.com/showroom/?category=...
https://www.revolutions.uk.com/showroom/?category=...
Gramrugby said:
Russel Paterson has a couple for sale at the moment
https://www.revolutions.uk.com/showroom/?category=...
I did email him a couple of times a few weeks ago but never got a response. Not overly fussed though, they're a long way from me. https://www.revolutions.uk.com/showroom/?category=...
A few on my radar now, and one I am very interested in.
I picked up a 2012 3 Wheeler with all the mods a couple of years ago and have also noticed a sharp increase in prices since. General inflation and classic car prices taking off through lock down being one factor and the end of the line for this model being another. I don't know whether it is just me but the new model doesn't really appeal to me so if others are like minded then demand for the old model may stay strong given limited supply. The pricing of the new model may also support prices of the old car.
Having said that going in to winter and given current state of the country, economy and world I equally wouldn't be surprised to see some of the cars being liquidated quickly so no doubt bargains will come up. Fair market value for most cars is probably £30-40k depending on the year/modes/mileage/spec with the odd exemptional example in the £40-50k range.
Having said that going in to winter and given current state of the country, economy and world I equally wouldn't be surprised to see some of the cars being liquidated quickly so no doubt bargains will come up. Fair market value for most cars is probably £30-40k depending on the year/modes/mileage/spec with the odd exemptional example in the £40-50k range.
With the end of M3W production I think prices will stay firm for good cars, particularly Euro3 spec.
Give Dan at Krazy Horse a call as not all the cars he has are on the website. Also, if you're not already, keep an eye on TalkMorgan.com as cars sometimes come up for sale on there.
Good luck and I hope you're back on 3 wheels soon.
Give Dan at Krazy Horse a call as not all the cars he has are on the website. Also, if you're not already, keep an eye on TalkMorgan.com as cars sometimes come up for sale on there.
Good luck and I hope you're back on 3 wheels soon.
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