What on earth is happening to Griffith prices?

What on earth is happening to Griffith prices?

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Discussion

QBee

16,986 posts

89 months

Wednesday 15th June 2016
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Griff and Chim are by a fair way the best bang for the buck going - supercar performance for 3series money.
Therefore it's quite logical that they are the best bang for 1.25 bucks as well.

Englishman

1,882 posts

155 months

Thursday 16th June 2016
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Don't hang around though - I see the 4500 mile Griff for sale @£58K has now sold. Seems top condition examples of all models are selling well!!

Spunagain

537 posts

203 months

Sunday 19th June 2016
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On the other hand look at the griff that sold yesterday. Last MOT in 2011 cca auction link .

13k plus fees for a car known to be running badly. So could be something simple or could be a borked engine.

On the plus side I paid for a full check and it seemed to be a straight car.

It will be interesting to see where it resurfaces.

Precat

265 posts

170 months

Sunday 19th June 2016
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I also saw this car. I would describe it as in need of a full restoration. The nose had fibre glass damage, tatty interior, damage folding roof section, chassis needs attention especially the out riggers as holes were present.
Price paid is £13,000 plus 11% and vat on the 11% = £14,716 and transportation cost.
I can see this car costing an easy £25,000 plus a lot of time. I'm assuming the engine is a cheap and simple fix, if not the total cost will be more.

das2000m

200 posts

227 months

Wednesday 24th July
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Bit of a thread resurrection.....how times have changed!!! I was searching through the forum to see if there were any references to Griff prices in today’s market as very few cars seem to be shifting.

yonex

15,082 posts

113 months

Thursday 25th July
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das2000m said:
Bit of a thread resurrection.....how times have changed!!! I was searching through the forum to see if there were any references to Griff prices in today’s market as very few cars seem to be shifting.
There are some that have been up for ages, the low mileage, owner cars are still solid.

SFTWend

62 posts

20 months

Thursday 25th July
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There is a thread running in the Lotus section asking why S1's aren't selling.

I think we are in a place where sellers don't want to accept the market has turned and because these are 2nd/3rd cars they are happy to sit and hope for the right buyer. However, the buyers don't appear to be there, perhaps think current prices are a bit silly, and probably wont take an interest until there is an adjustment in asking prices.

I think it's more than just the Brexit factor. The market for thirsty, heavy polluting noisy cars is shrinking due to environmental pressures and Ethonol is probably a concern for many. My assumption is that cars entering the classifieds next spring will be at market adjusted prices.

Personally I love the fact that TVRs are noisy thirsty beasts and I'd like one.

das2000m

200 posts

227 months

Thursday 25th July
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yonex said:
das2000m said:
Bit of a thread resurrection.....how times have changed!!! I was searching through the forum to see if there were any references to Griff prices in today’s market as very few cars seem to be shifting.
There are some that have been up for ages, the low mileage, owner cars are still solid.
My experience is that I’ve had my Griff with only 31K up for sale for a few months now, with hardly a sniff, I know it’s a difficult market , also my location doesn’t help.

Moose v8

109 posts

11 months

Thursday 25th July
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Yes, I watched the o2 plate Tuscan on eBay sold for 19,100 was tempted. But like my Griff to much. Sometimes better the devil 👿 you know, and am I really upgrading. Did seem cheap

QBee

16,986 posts

89 months

Friday 26th July
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Moose v8 said:
Yes, I watched the o2 plate Tuscan on eBay sold for 19,100 was tempted. But like my Griff to much. Sometimes better the devil ?? you know, and am I really upgrading. Did seem cheap
....until you start getting the service and repair bills. Think of a Griff cost, at least double it for the same Tuscan cost.

Moose v8

109 posts

11 months

Saturday 27th July
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On that information I will be staying with griff.

gutu12

606 posts

221 months

Friday 30th August
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das2000m said:
Bit of a thread resurrection.....how times have changed!!! I was searching through the forum to see if there were any references to Griff prices in today’s market as very few cars seem to be shifting.
I agree. Some even reduced.... those of us that have been on the boat, got off the boat and thought they’d missed the boat maybe a have chance to clamber back on.

Sag prices seem to be bottoming out too. A number are back down to circa 75k.

Edited by gutu12 on Saturday 31st August 06:46

2 sMoKiN bArReLs

22,366 posts

180 months

Friday 30th August
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What's happened to Simpo?

MikeE

1,431 posts

229 months

Saturday 31st August
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The market for most things is being depressed by Brexit amongst other worries.

Once Brexit is behind us and the printing presses are fired up again I think TVR values will rise as people want something physical rather than holding onto ever depreciating cash. It’s likely to be a rerun of the post credit crunch central bank policies that kick start everything.

Hold tight and if you’re feeling brave then buy your dream Griff now before they start to appreciate.

Can’t believe how positive I sound biggrin

griffster

44 posts

42 months

Tuesday 3rd September
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The 'surprise' yet to happen is when the purer pre-cat cars attract the appropriate appreciation and leap-frog the later more plentiful cat 500s

They will become more in demand as do say exotics with carbs over fuel injection

I can see low owner / mile examples easily breaking 20-25k within 3 yrs

MikeE

1,431 posts

229 months

Wednesday 4th September
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griffster said:
The 'surprise' yet to happen is when the purer pre-cat cars attract the appropriate appreciation and leap-frog the later more plentiful cat 500s

They will become more in demand as do say exotics with carbs over fuel injection

I can see low owner / mile examples easily breaking 20-25k within 3 yrs
I was thinking the same, if you look through the PH adverts it seems the 500's are coming down and the pre-cats going up, there's a few in the low to mid £25Ks for sale at the moment.

I'm hoping mine's worth a bit more than that though smile

The AJP Griff

4,342 posts

200 months

Friday 6th September
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MikeE said:
I was thinking the same, if you look through the PH adverts it seems the 500's are coming down and the pre-cats going up, there's a few in the low to mid £25Ks for sale at the moment.

I'm hoping mine's worth a bit more than that though smile
I think that sadly that's wishful thinking. Because there are more 500s's about then you will see a spread of prices. You could be lucky or unlucky and see more higher or more lower depending on the snapshot of time you see them in.
Most savvy buyers realise that the 500 is a more developed and better performing car and therefore it will always command the higher prices in like for like condition with a pre cat. As always, the rule of thumb with any particular tvr model is to buy a later year when they are better developed.
All damned good cars though! The 👍😎

Moose v8

109 posts

11 months

Saturday 7th September
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Ajp, I agree up to a point but with stricter mot rules coming in the next few years, its going to be a lot harder to. Remove cats on the 500 good early cars , will fetch a premium. Just like the last one hundred made

The AJP Griff

4,342 posts

200 months

Sunday 8th September
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Moose v8 said:
Ajp, I agree up to a point but with stricter mot rules coming in the next few years, its going to be a lot harder to. Remove cats on the 500 good early cars , will fetch a premium. Just like the last one hundred made
For as long as I can remember the Griff market has been like it is now with good pre cats making 500 money, but then good 500's making more. I've just been genuinely looking for another griff and found that 'like new' and fully restored pre cats can be in the mid to high £20's and similar 500's near £10k more and se's more again. As always there are exceptions but generally that's the market.
I honestly can't see emissions making any odds going forward as things should stay the same for older cars, or if it does get harder for cars made in the past then its more likely to be a burden on pre cat owners if anything! I still couldn't see that affecting value greatly. Think of all the great classics that could be affected, and the market wouldn't suddenly vanish I don't think.
I just don't see things changing much, and any emissions changes that 'might' occur would have to be realistic and achievable for all of course.
What has surprised me is just how much the condition of cars has changed since I last had to look for one back in 2004! So many cars out there now with poor history and neglected for a significant number of years. Also a lot claiming the chassis is sound when its done the miles but the outriggers have never been done etc. Finding a genuinely perfect chassis with excellent history (including the black handbook) , sensible owners and miles has been very difficult and obviously such cars will deservedly command a premium. The market has many cars that look good but on closer inspection aren't up to scratch, which I guess after so long and as time goes on is going to happen.




Edited by The AJP Griff on Sunday 8th September 06:13

Toprivetguns

2 posts

Sunday 8th September
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This makes very interesting reading for myself who is about to jump into Griff ownership. I have been looking for 5 months now pondering where my hard earned pennies should be invested. I've seen some very well looked after pre-cats and 500s. An interesting market with im sure has more movement over the next few months with all this brexit nonsense.