The Triumph Dolomite Club - Discussion Forum

The Number One Club for owners of Triumph's range of small saloons from the 1960s and 1970s.
It is currently Thu Mar 28, 2024 11:17 pm

All times are UTC




Post new topic  Reply to topic  [ 58 posts ]  Go to page Previous 1 2 3 4
Author Message
 Post subject: Re: overpriced cars.
PostPosted: Fri Jan 18, 2013 6:09 pm 
Offline
Future Club member hopefully!
Future Club member hopefully!

Joined: Mon Dec 03, 2012 6:04 pm
Posts: 1549
Quote:
Do not assume because a car is advertised that the owner is desperate to sell, or even wants to sell it.

Low prices don't save cars because the car immediately becomes worth what it cost. If the new owner suddenly realises they have bought more than they can cope with, or more commonly believes anyone can cope with then the loss associated with an aborted 'project' as they cut their losses and the car gets scrapped. There are several such incidences recorded with pictures amongst these pages...

I don't decry anyone on a limited budget, I've been there as a novice mechanic and student running a Sprint, in fact I doubt anyone with common sense has unlimited budget. I took my car to be serviced last week and there was one in the showroom that I wouldn't have minded swapping it for, but the screen price was £222,000. I didn't bleat that it was overpriced; it wasn't, but it was beyond my budget.
There was a dolly for sale for £22200? As for your first point, why bother advertising a car for sale if you don't want to sell? That is just daft.

As for cars being scrapped, values would have to reach a very high level for every car to be saved. Plus scrapped cars provide parts which keep other cars on the road.


Top
   
 Post subject: Re: overpriced cars.
PostPosted: Fri Jan 18, 2013 7:15 pm 
Offline
TDC Member

Joined: Wed Apr 14, 2010 1:40 pm
Posts: 436
Location: rotherham south yorkshire
Of all the cars i own 1 was free and 3 were very cheap and if it wasnt for me having them all 4 of them would of been scrapped, so its not just down to high/low values/prices its also down to who gets them.
And of the 4, 3 will deffinately see the road again and the other might get broken for spares but its still complete at the moment so it still might get a chance.
also the free 1 is the most solid bodily but dosent look pretty.
I have known of really good cars and not that cheap (not dolomites)that were still tested get broken up and parts sold just because they were worth more money in parts.

_________________
1973 yellow Sprint L reg
1979 1500 SE T reg
1979 1500 SE V reg
1980 vermillion 1500hl W reg
1975 green 1500tc auto P reg
1971 wedgewood blue 2000 auto mk2 J reg
1979 Sandglow 1500HL auto V reg
1972 valencia blue Toledo 2 dr K reg
1973 Brown Toledo 2 dr L reg
1973 Green Toledo 2 dr L reg
1977 white Datsun 100a f2 S reg
1983 White Toyota Tercel 4x4
1987 Brown Toyota Tercel 4x4
1988 Blue Toyota Tercel 4x4
1999 Toyota Corolla vvti est
2005 Ford ranger thunder XLT
because one triumph just isnt enough


Top
   
 Post subject: Re: overpriced cars.
PostPosted: Sat Jan 19, 2013 4:36 pm 
Offline
TDC West Mids Area Organiser
User avatar

Joined: Thu Sep 28, 2006 1:13 pm
Posts: 13317
Location: Over here...can't you see me?
No, it was an Aston Martin (you missed off a 0), but the principle is the same.

As for daft, I for instance have no need to sell a car, but would perhaps do so if its value to someone else proved to be greater than its worth to me. On that basis I might advertise something for sale with no pressing desire to sell it; its not daft at all.


Top
   
 Post subject: Re: overpriced cars.
PostPosted: Sun Jan 20, 2013 11:53 am 
Offline
Future Club member hopefully!
Future Club member hopefully!
User avatar

Joined: Tue Oct 03, 2006 7:38 pm
Posts: 2565
Location: Birmingham
Quote:
No, it was an Aston Martin (you missed off a 0), but the principle is the same.

As for daft, I for instance have no need to sell a car, but would perhaps do so if its value to someone else proved to be greater than its worth to me. On that basis I might advertise something for sale with no pressing desire to sell it; its not daft at all.
I couldn't agree more. I bought my Vindicator at quite a high price because I wanted it and the seller was prepared to part with it at a price that he was happy with. He ended-up with the amount of money that he wanted and I ended-up with the car that I wanted, despite other Vindicators being available for around a third of the price. I could have paid significantly less and got a car with a Pinto engine, donor-sourced dash etc etc but it wouldn't have been what I wanted. I paid the extra for the build quality, the high-revving engine, the lightweight one-off panels, etc etc. If I had bought one that wasn't exactly what I wanted (and mine is unique, no other Vindicator Fireblade exists) I would not have been happy with it, so I paid what the seller wanted to obtain a car that I wanted. Was it overpriced? Possibly, to someone who didn't want or couldn't afford the car in that particular configuration. To me, with all of the boxes ticked for the spec I wanted (discs all round, LSD, outrageous performance, etc etc) it was an absolute steal because it had cost the original builder over £13,000 to tick all of those boxes and I paid less than half that.

_________________
Vindicator Sprint, Honda Fireblade RRX 919cc, re-powered by AB Performance. Quick.


Top
   
 Post subject: Re: overpriced cars.
PostPosted: Wed Feb 20, 2013 4:26 pm 
Reading this thread with interest. I've recently finished an old bike and a not as old rover mini cooper, and when they're sold I fancy re-visiting a sprint (managed 2 in my yoof!) . I started looking in the usual channels and I've seen a range of 4k right up to 9k. I must conceed, its difficult for a 'returnee' like me to work out the market.

I see many hours of homework ahead.....! :roll: :D


Top
   
 Post subject: Re: overpriced cars.
PostPosted: Thu Feb 21, 2013 8:36 am 
Offline
Future Club member hopefully!
Future Club member hopefully!
User avatar

Joined: Tue Oct 03, 2006 5:52 pm
Posts: 7566
Location: Halifax, West Yorkshire
This forum is the best place to start. You will get a usable car perhaps for a bit less than on the open market. I paid £1250 for my Sprint in 2007 and it was ready to go. It had a few minor niggles some of which I helped the seller to fix when I came to collect the car.

_________________
Toledo Man

West Yorkshire Area Organiser & forum moderator
Meetings take place on the first Wednesday of the month at 8.00pm at The Old Brickworks, Wakefield Road, Drighlington, Bradford, BD11 1EA

1972 Dolomite 1850 auto (NYE 751L - Now for sale)
2003 Volvo XC90 D5 SE (PX53 OVZ - The daily driver)
2009 Mercedes-Benz W204 C200 CDI Sport (BJ58 NCV - The 2nd car)
1991 Toyota Celica GT (J481 ONB - another project car)
Former stable of SAY 414M (1974 Toledo), GRH 244D (1966 1300fwd), CDB 324L (1973 1500fwd), GGN 573J (1971 1500fwd), DCP 625S (1977 Dolomite 1300) & LCG 367N (1975 Dolomite Sprint) plus 5 Acclaims and that's just the Triumphs!

Check my blog at http://triumphtoledo.blogspot.com
My YouTube Channel with a bit of Dolomite content.

"There is only one way to avoid criticsm: Do nothing, say nothing and BE nothing." Aristotle


Top
   
 Post subject: Re: overpriced cars.
PostPosted: Thu Mar 07, 2013 8:24 pm 
Speaking of overpriced, the seller in Derbyshire of this http://www.carandclassic.co.uk/car/C322528 says it's the nicest on the market. I seem to recall its been listed on car and classic for months. It does look nice, but has anyone seen it?

I'm sure you would all call me crazy, but if it's a perfect car, I would seriously consider paying L8500 for it and shipping it over to California. I'm in the states, and there's just no supply. The last one I heard of that sold in the US went for around $18,000. I would much rather important one, much better story. Any thoughts? Thank you all.


Top
   
 Post subject: Re: overpriced cars.
PostPosted: Mon Mar 11, 2013 3:30 pm 
I was looking at that too. Pictures look good but I not seen anything of it around the club mags or anything. Lots of money for a sprint but we were saying about MK2 escorts not so long ago.....

anyone know the car?

I looked at the yellow one at west riding classics last week which is a nice car but thats now sold.


Top
   
 Post subject: Re: overpriced cars.
PostPosted: Mon Mar 25, 2013 11:24 am 
Quote:
Speaking of overpriced, the seller in Derbyshire of this http://www.carandclassic.co.uk/car/C322528 says it's the nicest on the market. I seem to recall its been listed on car and classic for months. It does look nice, but has anyone seen it?

I'm sure you would all call me crazy, but if it's a perfect car, I would seriously consider paying L8500 for it and shipping it over to California. I'm in the states, and there's just no supply. The last one I heard of that sold in the US went for around $18,000. I would much rather important one, much better story. Any thoughts? Thank you all.

Now currently in my garage! :D

Nice car and drives very well too. Was subject to a big money restoration in the 90's by a Mr.Judd and judging by the wheelbarrow load of reciepts that came with it he was sprint spares best customer for a number of years. A few minor cosmetic bits for me to do for my own peace of mind and the wheels need a good fettling.

Just needs a period radio and then it should be bang on.

Apparently according to wonderful daughter its 'kinda cool dad' ! 8) :lol:

I'm a happy man and I apologise in advance for the daft questions I will no doubt ask ! :wink:


Top
   
 Post subject: Re: overpriced cars.
PostPosted: Wed Jun 05, 2013 9:39 am 
Offline
Future Club member hopefully!
Future Club member hopefully!

Joined: Fri May 31, 2013 2:22 pm
Posts: 364
I'm new to dolly ownership and the club but reading these comments on values makes me wonder if members do under value their cars.

I have just purchased a 1300 unrestored 42000 miles in nice condition and it came with history trophies etc. I paid £1900 for it needing now a little work to a few scabs and servicing. After reading these posts I thought I must have paid far too much it must only be worth £900.

This week I took it to a very well respected vehicle restorer in West Yorkshire and asked him for a quote to do the bits on the body. After he and two of his collegues had finished crawling all over it he said don't touch it leave it till it really needs doing, its totally original nothing majors ever been done and its just what they want (whoever they are). After hearing this I asked if it was worth the £3000 the last owner had it valued for insurance in 2008. His reply was suprising. He said retail values have rocketed since then and if any one came into his workshop with this car and said they had paid £4000 to £5000 he would not be suprised, £4000 would be a good price. My reply to him was, so if I told you I paid £3000 for it he said you have done well. I then told him what I had actually paid and he said that it was worth more than double that in his opinion.

I am sure he was talking retail prices and having looked at and visited a lot of classic car retailers in the last few months have seen prices that to me looked to much and that keep rising. But the cars that I thought expensive all sold and quickly showing that there are people out there paying what they think is a fair price.

So the question is are we under valueing our Dolomites?

It will be interesting to get a club valuation an mine.


Top
   
 Post subject: Re: overpriced cars.
PostPosted: Wed Jun 05, 2013 12:13 pm 
Offline
TDC Staffs Area Organiser
User avatar

Joined: Wed Oct 18, 2006 2:08 pm
Posts: 5429
Location: The Old Asylum
Quote:
I'm new to dolly ownership and the club but reading these comments on values makes me wonder if members do under value their cars.

I have just purchased a 1300 unrestored 42000 miles in nice condition and it came with history trophies etc. I paid £1900 for it needing now a little work to a few scabs and servicing. After reading these posts I thought I must have paid far too much it must only be worth £900.

This week I took it to a very well respected vehicle restorer in West Yorkshire and asked him for a quote to do the bits on the body. After he and two of his collegues had finished crawling all over it he said don't touch it leave it till it really needs doing, its totally original nothing majors ever been done and its just what they want (whoever they are). After hearing this I asked if it was worth the £3000 the last owner had it valued for insurance in 2008. His reply was suprising. He said retail values have rocketed since then and if any one came into his workshop with this car and said they had paid £4000 to £5000 he would not be suprised, £4000 would be a good price. My reply to him was, so if I told you I paid £3000 for it he said you have done well. I then told him what I had actually paid and he said that it was worth more than double that in his opinion.

I am sure he was talking retail prices and having looked at and visited a lot of classic car retailers in the last few months have seen prices that to me looked to much and that keep rising. But the cars that I thought expensive all sold and quickly showing that there are people out there paying what they think is a fair price.

So the question is are we under valueing our Dolomites?

It will be interesting to get a club valuation an mine.
Hit it right there RETAIL! Generally dealers ask a lot for cars, they have big overheads. There are people who prefer to buy from a dealer and hence a small number of people will pay the higher prices for that degree of security. On the other hand private buyers don't ask anywhere near the same amount, usually because they are more desperate to sell but also becuase they are not trying to make a profit, pay their VAT bill, pay their staff and expenses.

Generally Dolomite models are comparitively 'under valued' vs other cars but prices for the very best cars are rising. Supply and demand though does keep the prices fairly low though. Don't forget though that the top Escort prices are only achieved for the go faster models, a boggo 4 door 1.3 will still be cheap.

I also think that on the whole people who own Dolomites are looking for good value, they understand they are good classics but they are also affordable. This helps keep prices down to a degree. When my Sprint is finished it will no doubt have some absurd agreed value on it but really I would struggle to get anywhere near that if I tried to sell it.

_________________
Mark

1961 Chevrolet Corvair Greenbrier Sportswagon
1980 Dolomite Sprint project using brand new shell
2009 Mazda MX5 2.0 Sport
2018 Infiniti Q30


Top
   
 Post subject: Re: overpriced cars.
PostPosted: Wed Jun 05, 2013 3:07 pm 
Offline
Future Club member hopefully!
Future Club member hopefully!

Joined: Fri May 31, 2013 2:22 pm
Posts: 364
I would agree with your comments but certainly after looking for a while for a classic, and then giving up because private and retail condition descriptions and prices all seemed over stated to me, or that fresh coat of paint etc made me walk. I gave up looking and spent my money trading my 2 yr old car for a new one this Jan. However the itch wouldnt go away, so with a much reduced budget started looking again and a lot of these cars that I thought over priced in both the private and retail sale sectors had gone, unless they were really priced over the top or basically crap.

So the market was there, people are buying so are they moving from the traders to the lower priced (but maybe still to high for members who are in the know) private sales and these are following the trade patterns. I have to say that I think this is probably happening, market trends are forcing up prices as happened in the 90s when the economy wasnt performing and other profitable places were being looked at to put money into. How maney dealers adds have you seen recently saying beat the banks low interest rates buy a classic. Ive seen loads and maybe members can get more than they think now for their Dollys.

I am sure that when the restorer was making his assesment he wasnt thinking small Dolly low value but looking at condition and potential attraction to those who want a suitable classic. When I was looking around I went to see a sprint well described in yellow and a Wolsely at the same dealer. The Wolsley was described as a past show winner, every panel had paint crazing and flaking off to me it wasnt worth anything, it sold very quickly for in excess of £3000, he told me he would accept £3600 for it. The Dolly had what looked like a fresh paint job and a patched hole in the vinyl roof with what looked like underseal and that look that said it had bubbles under it. It was advertised at £6995 I think and sold in no time. Just think how many would have wanted to buy those two privatly at a lower "inflated price".

I'm not saying buyers should be ripped off far from it but if the market wants to pay a higher fair price because its following trends shoudn't members benifit from it?


Top
   
 Post subject: Re: overpriced cars.
PostPosted: Wed Jun 05, 2013 8:53 pm 
Offline
TDC Staffs Area Organiser
User avatar

Joined: Wed Oct 18, 2006 2:08 pm
Posts: 5429
Location: The Old Asylum
I recall a 'local' around here paid thick end of £6k for an 1850 from a dealer, way too rich the car wasn't even that good. He didn't seem to be bothered about the cost. His other car was a LR Discovery 3 V8 which he bought new!

_________________
Mark

1961 Chevrolet Corvair Greenbrier Sportswagon
1980 Dolomite Sprint project using brand new shell
2009 Mazda MX5 2.0 Sport
2018 Infiniti Q30


Top
   
Display posts from previous:  Sort by  
Post new topic  Reply to topic  [ 58 posts ]  Go to page Previous 1 2 3 4

All times are UTC


Who is online

Users browsing this forum: No registered users and 7 guests


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot post attachments in this forum

Search for:
Jump to:  
Powered by phpBB® Forum Software © phpBB Limited