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Post by Talking Hoarse on Feb 20, 2013 9:10:42 GMT 1
What do you think makes a classic car? And then what makes it worth ££££'s?
I suppose we can all understand why a 240Z or an E Type (the latter is a Jaguar by the way) commands so much money, but then we have pristine old Datsuns of more humble origin that we see sell for hundreds rather than thousands of pounds. Or even fail to sell.
For example - fabulous as it indeed is - what makes an Escort RS2000 worth £35000? www.derekcmowat.co.uk/used-cars/ford-escort-edinburgh-201249494689955
- when a Datsun Cherry which is arguably much much rarer ( www.ebay.co.uk/itm/datsun-120y-nissan-/111014189963?pt=Automobiles_UK&hash=item19d8f61b8b) will likely sell for about a tenth of this?
I suppose if we did know the answers we would have bought RS2000's and Mexico's whilst they were cheap (I remember when 2 & 3 year old RS's were unwanted!).
And I doubt that it is usability as many of these expensive cars will likely never be driven far, and just how practical is a Healey 3000 when you cant park it safely (ie maybe without it letting water in or getting stolen)..
What are your thoughts?
Are 2 door cars worth more than 4 door cars?
Are cars with rally etc links worth more than more lowly economical cars?
Ed
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Post by garydavidson on Feb 20, 2013 14:24:07 GMT 1
Any car that has a motorsport pedigree seams to command more money, plus if it's a limited edition they were rarer originally, again more money - with some cars though the standard models are now rarer than the limited ones now. Take the MK2 escort you link to, I'd bet you can find RS2000s all day long in mint condition, finding a standard 1300gl in that condition might take you a while longer, but cost you less for what is now a rarer car. It's quite unlikely that if your spending £40k on a mint condition 30 year old car that you'd take it rallying so why not save £30k?
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30psi
club Member
Posts: 166
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Post by 30psi on Feb 20, 2013 14:27:45 GMT 1
Desirability + Demand + Rarity + Performance + Looks + History + Condition + Original Value + Charisma + Racing Heritage + Other factors = A classic car with a value
Some cars are high in those and have a high value may result. Other cars aren't and therefore aren't that valuable.
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Post by dreadnought on Feb 20, 2013 20:44:41 GMT 1
Nissan or Datsun on the log book.
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Post by Al Ramone on Feb 21, 2013 23:31:29 GMT 1
Desirability + Demand + Rarity + Performance + Looks + History + Condition + Original Value + Charisma + Racing Heritage + Other factors = A classic car with a value Some cars are high in those and have a high value may result. Other cars aren't and therefore aren't that valuable. whilst all of that defines what a cars market value is, i don't think it answers the original question. What makes a classic car? to me, a classic car is not defined by something thats expensive or sporty or attractive. a classic car is a car that is of it's time, that envokes memories or feelings to a person. so even cars that were rubbish or cheap or even poorly made can be classed as classics. so a broken down Austin Alegro or Maxi, a rusty Lancia Beta or Datsun 120Y, or anything else that people look at and say wow, i remember them, is a classic to me. but for what it's worth. i don't really care if anyone thinks any of my cars are classics (i don't think all of them are). i sure don't buy a car because it's a classic, i buy em cus i like em.  |
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Post by Ricky180B on Feb 22, 2013 0:35:16 GMT 1
That was pretty well put mr Al.
I think it's a good sum of Ed's post. A classic car is a classic memory of those cars back in the days. A lot of the time when I drive the older cars i get a lot of people commenting saying
We use to have one of those or I haven't seen one of those for years or god that brings back memories. Cars and their prices are what they mean to the individual. For example a ford sierra cosworth is worth roughly what 6500 these days I would personally pay that for a mint 180b if one turned up in that condition rather than buying a cosworth. Some of you are probably thinking that's because I own a cosworth but I mean even if I didn't my thinking would be the same.
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Post by Talking Hoarse on Feb 23, 2013 8:23:28 GMT 1
A lot of good and kind thought in those replies thanks. But I really cant get the values of Mini vans & pickups!
Notwithstanding that 2 of the nicest and smartest cars I have spotted over the past year have been a bobby basic Viva HB estate, unmolested and unmodified, and a Bristol 403 (or was it a 402) - other end of spectrum both utterly perfect.
Anyway - it looks like I am to be proved wrong as that blue low mileage 120y looks to be getting on to a strong price.
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Post by Ricky180B on Feb 23, 2013 8:48:21 GMT 1
A lot of good and kind thought in those replies thanks. But I really cant get the values of Mini vans & pickups! Notwithstanding that 2 of the nicest and smartest cars I have spotted over the past year have been a bobby basic Viva HB estate, unmolested and unmodified, and a Bristol 403 (or was it a 402) - other end of spectrum both utterly perfect. Anyway - it looks like I am to be proved wrong as that blue low mileage 120y looks to be getting on to a strong price. Yes Ed the blue 120y I think has shocked a lot. Lets just hope the winner is not a messer and we don't see it back up or sale again. |
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