Worth? (Read 340 times)

[Al Ramone]

OK.
So it comes up alot, we all know how much our own cars are worth to us.
And we have a good idea of how much we'd get on the open market.
But when we ask what somethings worth, what we really mean is, how much someone is willing to pay.
i.e. It's market value.

So when a Datsun comes up for sale, and it's advertised for sale for a lot more money then we think it's "worth" a lot of us jump in and start slagging it off. Even if it is a "mint" one.
I know a few guys who've complained at expensive cars for sale, then tried selling theirs at very strong money. ;D

Ok. So the car might not sell at that price. But it will find it's market value eventually. And if they ask we could give our own opinions, but why not just leave em to get on with it?
Sure, there will be some overpriced dogs out there. And they're the ones we should be complaining about.
But if it's a good car and sells for a decent price so be it.

Who knows. One day someone might think twice about bangering/scraping that old Datsun and spend some money on it getting it fixed up?

[shahtz]

Totally agree al !

Well said!!

A car is worth what someone is willing to pay for it ie 'market value'

I know I have paid over the assumed market value on one or two of my datsuns but that's because I see the market differently and I would rather pay good money on a semi decent condition car which I can manage to make into a desirable Datsun rather than pay an average price for a rust bucket which is gonna cost me more in the long run

I know values have gone up in recent years but that can only be a good thing for this classic marque to survive!

[gainsb1]

Datsun Price Guide (Practical Classics August 2012)

Dealer/Concourse Cond. 1 Cond.2 Cond.3
B'bird 180B SSS fhc (73-84) £ 3500 2650 1200 350
240K Skyline fhc ('73-81) 4250 3250 1500 500
120Y (B210) fhc (74-78) 3200 2500 1000 500

Sold my lovely Cond.1 120Y 4-door last year for £2000. Thought that was a good price and the buyer bit my arm off without so much as a test drive. Mind you, it was a very good one

Leigh

[Al Ramone]

i'm not sure the SSS price guide is that accurate.
i think the trouble they have is there isn't that many come up for sale for them to work it out

[datsfun]

Jul 24, 2012 18:58:13 GMT 1 gainsb1 said:

Datsun Price Guide (Practical Classics August 2012)

Dealer/Concourse Cond. 1 Cond.2 Cond.3
B'bird 180B SSS fhc (73-84) £ 3500 2650 1200 350
240K Skyline fhc ('73-81) 4250 3250 1500 500
120Y (B210) fhc (74-78) 3200 2500 1000 500

^^^ made me chuckle. Can I have three concourse/cond 1 180bsss (73-77 please) at the above prices, got buyers waiting ;D

[Al Ramone]

i'll bump this thread back up...

again, it's a topic that crops up a lot. and something we all have an opinion on. i guess esp as there just aren't that many of our cars up for sale to have a specific price for each one. and there are various conditions of each. plus we all have different ideas on what appeals to each of us.

it is stated in the sales guidelines that if a seller has a price, even if we think it's too much, we should not start slagging it/them off. as if it is overpriced, then it simply won't sell.

now there have been many old Nissan/Datsuns advertised elsewhere and members on here have discussed the price, giving their views/opinions.
i think it's quite an interesting subject and certainly something that affects all of us.

too much, and people complain that the cars have been pushed out of their price range.
too little, and people complain that the cars are getting exported to countries that so value them, or they end up broken for parts/smashed up.

[gainsb1]

.... and then there are "Club/Insurance valuations". I've wondered how we get to an agreed value which is, usually, in excess of market value. My A10 160J sss is an agreed insurance value of £5000-00 but I wouldn't expect to get that, realistically. I think the valuation covers the rarity of the car and, perhaps, having to source one in similar condition from abroad (with landing fees etc.).

Leigh(Area rep)

[30psi]

I've got my daily 910 insured for £1,000. Have I got that wrong?

[Talking Hoarse]

Apr 18, 2013 12:04:17 GMT 1 30psi said:

I've got my daily 910 insured for £1,000. Have I got that wrong?

I suspect you are a bit mean - as they will likely pay less if judging merely on trade value. And I always think that "my" car is worth more than "yours" - as even if identical I know all about mine, I know its strengths and weaknesses, ie my car is worth much more to me. Get it?
And ..........where do you go and buy a 910 that is fit enough & ready to be used each and every day for £1000?
It is hard enough to buy any car that is "proper" and ready to be used every day for £1000 - in my experience most will need a lot of remedial work /baselining to make usable & dependable. To put it in perspective - we have just bought a "cheap" 11 yr old Focus 1.6 for son's partner for £950 (that did include a full tank and new MOT). It is worthy, straight & honest with 71k miles, but by the time it is mega-serviced, has a cambelt and brakes overhauled as well as anything else we find, it will stand several (maybe many) hundred pounds more - and it will still have hateful Chinese ditch finders fitted.
So do we reckon a classic Datsun worth more or less than a more contemorary daily driver?
Will anyone pay more for rarity or is that counterbalanced by the consequent lack of spares support (ie compared with a MG or Triumph)?
However for insurance agreed values - we may have to think this one through. I think my insurer (Lancaster) needs a n official (club?) valuation in order to apply /honour any agreed valuation.
Ed

[Al Ramone]

Apr 18, 2013 12:04:17 GMT 1 30psi said:

I've got my daily 910 insured for £1,000. Have I got that wrong?

so.... i'll offer you more then it's worth, say £1050. now when can i pick it up?

[30psi]

Talking Hoarse described quite well what I was eluding to... i.e personal attachment + assumed value of car vs general or insured value.

An insurer won't understand the personal interest aspect... but as we know that element should also be insured. You do really need to be careful with agreed valuations, they aren't quite as straight forward as you may hope.

Anyway, 'worth' is down to the owner vs the buyer. Some owners have history and personal attachment with the car, some want unrealistic money and others do the naive opposite, not knowing what they own. Ultimately it's down to the buyer(s) to define the values. So if there's a gap, the seller may realise this and change the pricing up/down or decide not to sell if they regard their own personal value of the car above the cash value a buyer may give.

The cash value of a car is purely buyer driven.

Al - If you can nudge up on the price a little I'm all ears!

[Talking Hoarse]

I posted an example of valuable cars earlier under Rallies - the Flying Scotsman thread.
Another aspect to muse (and worth asking ourselves /others when we indulge in a hobby /classic car) is "what will you use it for"? Just think how impractical a valuable Healey 3000 etc is for daily use, ie likely not weatherproof, easily stolen, etc.
Ed