The Triumph Dolomite Club - Discussion Forum

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 Post subject: overpriced cars.
PostPosted: Tue Dec 18, 2012 4:55 pm 
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I am amazed at some of the prices people are asking. There is someone on car and classic asking £2750 for a 1500hl, the same page advertises a Sprint for less money! How on earth does the seller of the 1500 expect to achieve that value. Not the worse one I've seen, I expect the ashes to ashes 1300 to be listed on ebay till the end of time.


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 Post subject: Re: overpriced cars.
PostPosted: Tue Dec 18, 2012 5:39 pm 
Depends how clean the 1500HL is, these cars are only going to go up in value :wink:
Maybe the Sprint wasn't anywhere as good as the 1500.


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 Post subject: Re: overpriced cars.
PostPosted: Tue Dec 18, 2012 5:49 pm 
The problem is its what people believe there car to be worth.....

For argument sake the 1500 may have had £900 worth of work done yet the sprint even though more sort after may have had nothing spent on it since the chap has owned it so just looking to get his money back......

1300fwds don't fetch much and the highest i seen paid is i believe 4k, but that car is spotless yet on car and classic someone is asking 12k for one with news paper in the foot-wells.

One problem i see is people tend to price Triumphs in the same realm as Fords which obviously don't work, i even had people say to me that my 1300fwd must be worth quite a lot as they've seen a same aged ford price for £xxxx and are shocked when i tell them how wrong they are.

I for one quite like the fact "our" cars are more realistically price so people who want a Triumph can join us for half the figure of a ford, on the flip side, until "our" cars have a higher value we will keep seeing quite good cars bangered and scrapped, for example could you see the BBC Top gear team paying 8k+ for a mk1 escort to just smash it up and fill it water like they did with the dolly??

It all depends on what the buyer wants, at the moment you could go out and buy a good 1500hl for the same money as a tired Sprint!!

Nathan


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 Post subject: Re: overpriced cars.
PostPosted: Tue Dec 18, 2012 6:07 pm 
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I have seen that argument before, about how much money is spent on the car, but the problem is, to the buyer that doesn't matter. All that matters is the condition, not how much it took to get there. If you want to make money, to be frank, classic cars are not an easy way to do it. A full restoration of any car will more than likely cost you much more than it is worth.

At the end of the day, the market decides. If buyers won't pay that much, then the car will never sell.


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 Post subject: Re: overpriced cars.
PostPosted: Tue Dec 18, 2012 6:27 pm 
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The ashes to ashes car doesn't seem over priced to me*. Looks to be in excellent order inside and out, low mileage and with interesting history.

You couldn't buy the bootlid of a scrote mexico for that. And if you did buy a mexico would you ever be sure it was a genuine car? How does it go again? Only 55 produced and all 80 still on the road.

*subject to inspection & confirmation of the condition etc.

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1978 Pageant Sprint - the rustomite, 1972 Spitfire IV - sprintfire project, 1968 Valencia GT6 II - little Blue, 1980 Vermillion 1500HL - resting. 1974 Sienna 1500TC, Mrs Weevils big brown.


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 Post subject: Re: overpriced cars.
PostPosted: Tue Dec 18, 2012 6:42 pm 
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It is still just a 1300 though, there quite a few about for less, and if it does sell for that price I will concede the point.

I have been looking around, and the prices, even taking account the condition, seem all over the place. Another example are automatics, I could be wrong, but I suspect they are far less desirable than a manual car. Yet allot are listed for the same price as a good condition car with a manual four speed or even overdrive box.


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 Post subject: Re: overpriced cars.
PostPosted: Tue Dec 18, 2012 6:53 pm 
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Talking down the values again? How helpful.

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1978 Sandglow Dolomite 1850HL The Lolomite - MOT pass! (broken again in 55 miles though...)
It's 106 miles to Chicago, we've got a full tank of gas, half a pack of cigarettes, it's dark, and we're wearing sunglasses.
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 Post subject: Re: overpriced cars.
PostPosted: Tue Dec 18, 2012 7:00 pm 
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Talking down the values again? How helpful.
If only I had that power, the value of any car is set by how many people want it and what they are willing to pay. I am just a bit bemused by some sellers who don't seem to understand this. I could advertise my Xantia for 4K, I'm never going to get that.


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 Post subject: Re: overpriced cars.
PostPosted: Tue Dec 18, 2012 9:15 pm 
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That is it and it's our own fault as long we don't want to spend and are happy when PUS dropped in price.

In my Dolomite collecting period, about 15 years ago i did buy every single dolomite what was on my way. Holland wasn't safe. I did convince lot's of people who though they had a nice British classic for sale that it was worth a pie and and a bunch of flowers and they actually had to beg me to take it from them. This way i got much for very less but this was not going to raise the overall price. This was the way it was about 15 years ago together with a very few other "collectors". The UK prices are a bit higher than here. 2 door Escorts do cost here 5x more because they can be converted to RHD rallycars also.

Jeroen

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 Post subject: Re: overpriced cars.
PostPosted: Tue Dec 18, 2012 9:53 pm 
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Quote:
That is it and it's our own fault as long we don't want to spend and are happy when PUS dropped in price.

In my Dolomite collecting period, about 15 years ago i did buy every single dolomite what was on my way. Holland wasn't safe. I did convince lot's of people who though they had a nice British classic for sale that it was worth a pie and and a bunch of flowers and they actually had to beg me to take it from them. This way i got much for very less but this was not going to raise the overall price. This was the way it was about 15 years ago together with a very few other "collectors". The UK prices are a bit higher than here. 2 door Escorts do cost here 5x more because they can be converted to RHD rallycars also.

Jeroen
Don't restore a classic car to make money. I want to buy a dolomite, but not to make a profit, but to drive it and for the simple fun of doing it up.

Trying to rebuild a car to make money is a fools game. Think of how much it costs to do proper body work repairs, a respray to a high standard, re-trim seats, and fix up the interior. That is before you have even considered the mechanicals.

And you can't expect buyers to pay that bill for you. If those cost exceed the market price of the car, that money has gone I'm afraid.


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 Post subject: Re: overpriced cars.
PostPosted: Tue Dec 18, 2012 10:06 pm 
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That's why i only did sell my civic 1200 '78 and my very rare 5 door avon acclaim '82. The rest i still have or was sooo terminal that it was scrapped.

Selling my Dolomites would be very uneconomical. If i would show some bills to potential buyers i have to bring them to hospital where they can make them stop laughing again with some heavy medication. But i don't want another car and it costs what it costs.

Jeroen

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 Post subject: Re: overpriced cars.
PostPosted: Tue Dec 18, 2012 10:21 pm 
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Quote:
That's why i only did sell my civic 1200 '78 and my very rare 5 door avon acclaim '82. The rest i still have or was sooo terminal that it was scrapped.

Selling my Dolomites would be very uneconomical. If i would show some bills to potential buyers i have to bring them to hospital where they can make them stop laughing again with some heavy medication. But i don't want another car and it costs what it costs.

Jeroen
Those buyers would be soon paying new bills of their own, however good the car.

Could be worse, you could have bought a steam engine like this man who showed us round the Great Central railway. The bill for the overhaul every 10 years was nearly 300K.


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 Post subject: Re: overpriced cars.
PostPosted: Tue Dec 18, 2012 10:36 pm 
Quote;

I have been looking around, and the prices, even taking account the condition, seem all over the place. Another example are automatics, I could be wrong, but I suspect they are far less desirable than a manual car. Yet allot are listed for the same price as a good condition car with a manual four speed or even overdrive box.

What ever the opinion, a very good and clean Dolly 1500HL, 1850HL and Sprint is going to fetch strong money.
As for the Auto's, they are quite rare now in certain models such as the Sprints and for that reason have generated a lot of interest - Gone are the days where everyone wants to get rid of the auto box from a Sprint to have it replaced with a manual o/d. People would rather own the original thing.


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 Post subject: Re: overpriced cars.
PostPosted: Tue Dec 18, 2012 11:01 pm 
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Quote:
Quote;

I have been looking around, and the prices, even taking account the condition, seem all over the place. Another example are automatics, I could be wrong, but I suspect they are far less desirable than a manual car. Yet allot are listed for the same price as a good condition car with a manual four speed or even overdrive box.

What ever the opinion, a very good and clean Dolly 1500HL, 1850HL and Sprint is going to fetch strong money.
As for the Auto's, they are quite rare now in certain models such as the Sprints and for that reason have generated a lot of interest - Gone are the days where everyone wants to get rid of the auto box from a Sprint to have it replaced with a manual o/d. People would rather own the original thing.
Well I'm basing my opinion on how long the ads have been there. The cars are selling, you can find sold ads on google, and some of these sites show the sold cars as well. The ones that have sold are cheaper than the ones still on sale, and reading the ad, there doesn't appear to be much different in the condition

As for Autos, I have had no problem finding ads for them and they don't appear to be selling.


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 Post subject: Re: overpriced cars.
PostPosted: Tue Dec 18, 2012 11:11 pm 
A car that attracts a certain type of person will have money thrown at it, you're right that it isn't always the case about some of these cars not selling, but if someone wants a clean example, odds are that they will be willing to pay the asking price or quite close.

Ads can be quite misleading concerning condition, it all matters when you get there and have look yourself :wink:


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