Toying with the idea...
Toying with the idea...
Author
Discussion

AdvocatusD

Original Poster:

2,278 posts

260 months

Tuesday 31st August 2010
quotequote all
For various reasons (one of them being a Sagaris), I am toying with the idea of selling my T350 Targa.

I will be selling it privately when the time comes, but not sure what it should be priced at. I don't want to put the car up and have it waiting for months and months because it's wrongly priced.

2005, Spectraflair T350T, 22,000 miles with all the options and needless to say, full service history with 12,000 mile just carried out at Jason's last week.

Diablos-666

2,786 posts

207 months

Wednesday 1st September 2010
quotequote all
IMO

Dealer then perhaps £24/25k with warranty etc...

Private then £22/23k sold as seen.




Targarama

14,783 posts

312 months

Wednesday 1st September 2010
quotequote all
First of all, get a move on. The summer is nearly over and sales drop over the colder months.

You should look at the other cars for sale and price yours accordingly. The right car in the right colour in good condition should sell reasonably quickly if not overpriced. IMO a lot depends on your location too - cars oop North seem to take longer to shift on average.

Make sure you get a good range of photos up showing things like the driver's seat bolsters, the paintwork in the sunshine etc.

stimshady

1,323 posts

216 months

Wednesday 1st September 2010
quotequote all
make it much more expensive than anything else out there - let's push the prices up!! winkbiggrin

ajcj

798 posts

234 months

Wednesday 1st September 2010
quotequote all
Diablos-666 said:
IMO

Dealer then perhaps £24/25k with warranty etc...

Private then £22/23k sold as seen.
Sounds about right.

AdvocatusD

Original Poster:

2,278 posts

260 months

Wednesday 1st September 2010
quotequote all
Thanks all, I don't think I can bite the bullet quite yet, but all the advice is taken on board. A lot of these cars seems to be going abroad at the moment.

22/23 sounds high. I thought it would be around 21 max?

Diablos-666

2,786 posts

207 months

Wednesday 1st September 2010
quotequote all
You have the later model (05) which does command a premium. You should get £22/23k if the car is in good order and have a popular colour scheme as Targamara said.

grantT350T

188 posts

201 months

Wednesday 1st September 2010
quotequote all
In exactly the same position as yourself, mine currently up for sale to fund Sag purchase (2004 Targa in Reflex Green, 23,950miles, just had a 12,000 mile service, overall in excellent condition and everything good to go for a new owner - located in the SW).

Had it up at £22,995 - only 1 enquiry in the first month which came to nothing. Thought I had a very detailed and well laid out advert up (IMHO!), so surprised not more interest, especially as lots of other T350's are selling at the moment. Now with a dealer on SOR, lets see how that goes.....

Anyway, I have been (sadly) keeping a detailed spreadsheet tracker on all PH T350's since 01 July 2010 to make sure I didn't overprice. For 2004 T350's, here are the stats:

16 x 2004 Cars for Sale (10 x C's and 6 x T's)
Average price across all 2004 cars = £22,642 (I excluded 1 x car which was a sh*gged CAT C crash and skewed prices)
Average Dealer Price = £24,205
Average Private Price = £22,448 (I excluded 2 x cars with over 50,000miles which skewed prices)

Average 2004 Targa Price = £23,338
Average 2004 Dealer Targa Price = £23,850
Average 2004 Private Targa Price = £22,997 (averaging 21,500 miles on clock)

Of the 16 x 2004 cars, 6 have sold at an average price of £22,938 (taking face value price only). These were broken down as:

2 x C (Dealer), 1 x T (Dealer - £22,950), 2 x C (Private), 1 x T (Private - £23,000)

Just for comparison as well, averages for both Dealer and Private:

2005 Targa's at £25,100 (averaging 17,750 miles on clock)
2003 Targa's at £21,473 (averaging 20,700 miles on clock - only 2 have been up for sale, hence lower average mileage than greater volume of 2004 T's)

Overall, there have been 44 x T350's for sale (1 x 2006, 8 x 2005, 16 x 2004, 19 x 2003 - 34 x C's and 10 x T's), 16 have shown as sold - taking all 44 x cars an average T350 on PH, any age, any mileage, any condition costs £21,034 and has averaged 22,850miles!!

In summary if you price at £22K-23K, this is right on the money and should sell if it's a nice car!!

HTH - I am now statted out............





Edited by grantT350T on Wednesday 1st September 11:38

duff-man

634 posts

235 months

Wednesday 1st September 2010
quotequote all
grantT350T said:
Lots of figures
Assuming that no haggling occurred

AdvocatusD

Original Poster:

2,278 posts

260 months

Wednesday 1st September 2010
quotequote all
duff-man said:
grantT350T said:
Lots of figures
Assuming that no haggling occurred
Impressive research Grant! Jason certainly thinks the car is in excellent nick and I'd agree.

grantT350T

188 posts

201 months

Wednesday 1st September 2010
quotequote all
duff-man said:
grantT350T said:
Lots of figures
Assuming that no haggling occurred
Correct - Just a rough guide that I thought may be of use to the OP and the wider T350 community; I did say in my post taking face value prices only.........

Diablos-666

2,786 posts

207 months

Wednesday 1st September 2010
quotequote all
Looks like my finger in the air cost of £22/23k wasn't half bad then. No wonder i'm a quantity surveyor! hehe


Targarama

14,783 posts

312 months

Wednesday 1st September 2010
quotequote all
grantT350T said:
duff-man said:
grantT350T said:
Lots of figures
Assuming that no haggling occurred
Correct - Just a rough guide that I thought may be of use to the OP and the wider T350 community; I did say in my post taking face value prices only.........
I got worn out just reading those stats smile

Note: IMO having aircon makes a big difference, to saleability if not absolute price. Most people getting into these cars from German/Japanese sports cars are used to it. We all know how hot it can get in the cabin on a TVR so it makes sense.

Another thing - some of the interior colour combos are a little strange which probably doesn't help those cars sell either.

Don1

16,795 posts

237 months

Wednesday 1st September 2010
quotequote all
Why not make the jump and chop in the 350 as p/x against the Sag?

Diablos-666

2,786 posts

207 months

Wednesday 1st September 2010
quotequote all
Don1 said:
Why not make the jump and chop in the 350 as p/x against the Sag?
2 reasons

  1. 1 - The dealer will probably offer sub £20k
  1. 2 - Cash is King - Would be able to get a better deal buying a Sag with cash rather than PX

AdvocatusD

Original Poster:

2,278 posts

260 months

Wednesday 1st September 2010
quotequote all
Diablos-666 said:
Don1 said:
Why not make the jump and chop in the 350 as p/x against the Sag?
2 reasons

  1. 1 - The dealer will probably offer sub £20k
  1. 2 - Cash is King - Would be able to get a better deal buying a Sag with cash rather than PX
Boom, boom. Spot on Diablo.

Toying with idea of Z06 or GT3 as well...

hab1966

1,126 posts

241 months

Wednesday 1st September 2010
quotequote all
AdvocatusD said:
Diablos-666 said:
Don1 said:
Why not make the jump and chop in the 350 as p/x against the Sag?
2 reasons

  1. 1 - The dealer will probably offer sub £20k
  1. 2 - Cash is King - Would be able to get a better deal buying a Sag with cash rather than PX
Boom, boom. Spot on Diablo.

Toying with idea of Z06 or GT3 as well...
I sold my T350T a few months back and now have a 996 GT3.

There are some aspects of the TVR that i miss (noise, reaction & looks not withstanding the drive) but i dont regret the change to a GT3. Having said that, if life treats me well, i hope to own another TVR soon.

Targarama

14,783 posts

312 months

Wednesday 1st September 2010
quotequote all
If you sell privately now and put the cash in the bank for a few months you might pick up a bargain Sag in January/February. That would also help confirm whether your next steed is to be a TVR - you'll either miss it like hell and HAVE to get another or not.

Don1

16,795 posts

237 months

Wednesday 1st September 2010
quotequote all
It's more the case that I think Sag prices are only ever going to go northwards - no matter what the season is. They are coming up on the radar of collectors more and more (from the industry gossip, and the fact that 'Octane' carried a TVR feature this month means that they are now falling outside the 'Evo' crowd, IMHO).

Is it worth taking the pain and getting what you want (I did with the Tamora), before the prices go up?

Just my 2p (not that I would ever try to spend someones money!)

AdvocatusD

Original Poster:

2,278 posts

260 months

Wednesday 1st September 2010
quotequote all
As much as I love TVRs, I don't see any of these cars becoming collectable in the true sense of the word (i.e. appreciating assets) for some time to come, if at all.

Happy to be proved wrong. Preferably, in a few months time or come next summer!