Depreciation Classics

[cheapaschim]

Was a question on here about modern TVR's and deprecaition, I was just wondering how many classics from the 60's, 70's and 80's are worth more now than they were worth then?

[thegamekeeper]

I think mine might be worth the £1000ish it cost new but be a long time before Chimaeras will be worth £30000

[cheapaschim]

cheapaschim said:

Was a question on here about modern TVR's and deprecaition, I was just wondering how many classics from the 60's, 70's and 80's are worth more now than they were worth then?

No replies, I take that as none then

[Chris71]

In straightforward monetary terms? Definitely. I don't know what a 1600M was new, but I doubt it was much more than £2,000 and it's got to be worth two or three times that now.

Relative to inflation it's only very rare cars that truly appreciate (or those which start off cheap and numerous and suddenly become rare like mint condition mk1 Escorts). If TVR started producing Griffiths again today they'd almost certainly be over £40,000 and not even Fernhurst ask that much for an original.

[thegamekeeper]

Cheap or chim if you prefer, I,m sure I replied. Anything you need to know about classic TVR, or Chimaeras please feel free to ask

Edited by thegamekeeper on Tuesday 19th October 23:48

[Pum]

cheapaschim said:

Was a question on here about modern TVR's and deprecaition, I was just wondering how many classics from the 60's, 70's and 80's are worth more now than they were worth then?

Adjusted for inflation?

I reckon Wedges, S, Grifs and Chims are probably bottomed out and will remain the same or increase in price from now on, assuming that they are kept in same condition as they are now. However, I don't think the increase will be much - certainly not worth an investment on its own merit, just a nice fringe benefit of owning one.

[2mad]

The original griff 200 series with 289cu or 4.7 litre ,are worth alot more than their original price.

[Obiwonkeyblokey]

I doubt my 1970 tuscan V6 was bought new for anything near the money I got for it last year.

In fact I thibnk they were about 2.5k and I got over 15k.

Edited by Obiwonkeyblokey on Thursday 21st October 13:53

[thegamekeeper]

Tuscan V6 new £1492

[Pum]

Looks like you lost money on that Tuscan V6 then

According BoE Inflation calculator (http://www.bankofengland.co.uk/education/inflation/calculator/flash/index.htm) £1492 in 1970 is equivalent to £17206 in 2009. Still, less than 13% total depreciation over 39 years is pretty good!