Tr1ke (and similar) residuals
Discussion
Obviously these are fairly focused and specialised bits of kit, and as such I'd imagine the market for these is reasonably limited.
Not having any experience of the kit car markets, could someone tell me what the residuals would be like on something like a Tr1ke?
Edit: I'm basically trying to rationalise buying one, and since it's completely unpractical and weather dependant (and I'm in Scotland!), I need all the help I can get!
Not having any experience of the kit car markets, could someone tell me what the residuals would be like on something like a Tr1ke?
Edit: I'm basically trying to rationalise buying one, and since it's completely unpractical and weather dependant (and I'm in Scotland!), I need all the help I can get!
Edited by TheJimi on Wednesday 19th June 14:22
Difficult question. I doubt there are anough of them out there for anyone to give you an answer. And then as with all kits, it depends how well it has been put together.
Take a look at Grinnal Scorpions and Lomax's to get an idea of what people will pay for a seconf hand trike.
There are plenty of JZRs and Trikings out there too, but these tend to go for a premium as they are Morgan look a likes.
A very general rule for kits:
Let x equal your inital build estimate / budget.
Actual build cost = 2 * x
Value of kit if sold as a registered vehicle = x / 2
Doesn't apply to all kits, but its roughly right for most stuff.
Take a look at Grinnal Scorpions and Lomax's to get an idea of what people will pay for a seconf hand trike.
There are plenty of JZRs and Trikings out there too, but these tend to go for a premium as they are Morgan look a likes.
A very general rule for kits:
Let x equal your inital build estimate / budget.
Actual build cost = 2 * x
Value of kit if sold as a registered vehicle = x / 2
Doesn't apply to all kits, but its roughly right for most stuff.
So I can't help with the value of your kit. But if you're buying second hand from a private individual, I'd not expect further depreciation.
Kits are worth less than the sum of their parts.
Kits do not devalue with age like tin tops do, because they're molly coddled and don't rack up big miles.
Age and mileage aren't as relevant as how well they're built and maintained.
Kits are worth less than the sum of their parts.
Kits do not devalue with age like tin tops do, because they're molly coddled and don't rack up big miles.
Age and mileage aren't as relevant as how well they're built and maintained.
The cost/value of kits tends to be dependent on condition and build quality rather than age. Depreciation is therefore a lot lower than for a tin-top.
If your buying second hand then you won't be loosing huge amounts as long as you look after it... but it's never going to be a "rational" decision, at least as far as other people see it. That's not to say it won't be one of the best things you ever did.
If your buying second hand then you won't be loosing huge amounts as long as you look after it... but it's never going to be a "rational" decision, at least as far as other people see it. That's not to say it won't be one of the best things you ever did.
Other than the original youtube videos of the TR1ke on it's initial shakedown, I've never even seen one.
I do however own an R1 powered Skunk (pic in profile). Its great fun.
Before you buy a trike, have a read of this and make sure you understand it. Trikes behave slightly differently to everything with an extra wheel. Better to understand how they are unique before you start piloting one, than to find out by trial and error.
I do however own an R1 powered Skunk (pic in profile). Its great fun.
Before you buy a trike, have a read of this and make sure you understand it. Trikes behave slightly differently to everything with an extra wheel. Better to understand how they are unique before you start piloting one, than to find out by trial and error.
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