Oh yea of little faith.
- Thread starter Frenchy
- Start date
Saw a stunning Guards cab going through my area this afternoon, bright sun shine just wow. These cars a such an absolute bargain.
ORIGINAL: Frenchy
Mark, i could have bought a Slate Grey 3.2 Supersport in minty condition about 5 years ago from a guy who works at my place 12k thought it may be a bit of a stretch at the time []
That would gave been bargain of the century if it truly was mint. No change from £30k now!
papamantra
New member
I think the problem is they were built to well and in general maintained to a good standard.
There are far fewer Capri's left on the road today hence the price of a good 2.8i, most have rotted to dust by now.I have been looking for a weekend car for ages and stumbled across a 1990 cab for 2.5k. Apart from a few different shades of paint and two tone design 90's it is very straight and had an amazing service history.
The previous owner only kept it for 18 months and had not spent a penny (not even an oil change) so I suppose I stepped in to save it. I budget about 2k this year and probably the same again next to get it to a reasonable standard, but even at 6.5k and nearly all the faults straightened out it feels like an absolute bargain for the pleasure I am getting.
My thinking is that I will have a great car to drive and work on for the price of a ropey MG and if it shoots up in value then great but I suspect if I come to sell, it will always be worth less than I spent.
P.S.
For a true value I should probably factor in how much the wife thinks she can stretch her shopping sprees to now my attention is diverted elsewhere!
There are far fewer Capri's left on the road today hence the price of a good 2.8i, most have rotted to dust by now.I have been looking for a weekend car for ages and stumbled across a 1990 cab for 2.5k. Apart from a few different shades of paint and two tone design 90's it is very straight and had an amazing service history.
The previous owner only kept it for 18 months and had not spent a penny (not even an oil change) so I suppose I stepped in to save it. I budget about 2k this year and probably the same again next to get it to a reasonable standard, but even at 6.5k and nearly all the faults straightened out it feels like an absolute bargain for the pleasure I am getting.
My thinking is that I will have a great car to drive and work on for the price of a ropey MG and if it shoots up in value then great but I suspect if I come to sell, it will always be worth less than I spent.
P.S.
For a true value I should probably factor in how much the wife thinks she can stretch her shopping sprees to now my attention is diverted elsewhere!
Ex Skyline
New member
There is a 2.8 Capri on Pistonheads up for 21 grand[].
].
I'm loving the Mini prices bought my mint MKI Cooper for £6K now valued over 30!!!!
The 993 is only going one way, at this rate I'll be making as much as the wife's car is depreciating.....
The 993 is only going one way, at this rate I'll be making as much as the wife's car is depreciating.....
pauljmcnulty
Active member
I tihnk it's interesting that people perceive 944 owners, or the forums, as "running the prices down".
Personally, I guess I've seen enough examples of people buying a "cheap" 944, then being let down by the relative costs of keeping it going. We don't all do work ourselves, or have an open cheque-book with the local indie. There is a feeling some of you will know well, when the phone rings and there are a "number of things that need attention", and the service ends up well in to four figures most years.
I think top-end 944s are under-valued. Massively. I've said often enough that cars like Ed's or Jim's should fetch double the price. The problem is, there are so few cars of that standard any more that aren't squirrelled away.
I've long believed that a 944 is a £10K car. You might buy it for less, you might get lucky, or you might be prepared to put in loads of hours for free, but they all end up costing £10K. If you're modifying, as most turbo owners seem incapable of resisting [], you can add another £5K, £10K, whatever, to that.
Just buy a half-decent Lux for £2K. It'll probably need some bodywork,: then you are realistically in to a re-spray, and all the rubber trims replacing. Kerching, you've now got a £5K car!. Wheels need refurbing, new centre caps, the tyres are old and perishing, just hand over the card. The service will need the belts doing, might as well do the seals and water pump, that's a grand. Suspension is original, engine mounts are too, steering has a small leak.....
I really don't think it's wrong to say that a 944 is a very cheap car to buy for what it is. I also don't think it's wrong to say they are cheaper to restore than any other car of the period? No-one's ever been able to point me to a 1980s car that's better-built, with such easy access to parts. What I do think is wrong, though, is to suggest that all 944s are under-valued, or we are running the values down.
I agree that there will be a slow move towards them being recognised as better than the 911 of the same vintage, and a true bargain. Although, with the housing bubble starting to look like it's causing problems, and interest rates certain to have a quarter point on them soon, I wonder if the classic-car bubble will also burst?
There is an danger that the 944 will be sold by the magazines as a cheap classic that won't break the bank. In fact, most 944s WILL break the bank if you view them as only costing a couple of grand to buy, and then have near-zero running costs. When I bought my first one, ten years ago, the magazines were full of the "they are galvanised, so any rust points to badly-repaired accident damage" rubbish.....
Personally, I guess I've seen enough examples of people buying a "cheap" 944, then being let down by the relative costs of keeping it going. We don't all do work ourselves, or have an open cheque-book with the local indie. There is a feeling some of you will know well, when the phone rings and there are a "number of things that need attention", and the service ends up well in to four figures most years.
I think top-end 944s are under-valued. Massively. I've said often enough that cars like Ed's or Jim's should fetch double the price. The problem is, there are so few cars of that standard any more that aren't squirrelled away.
I've long believed that a 944 is a £10K car. You might buy it for less, you might get lucky, or you might be prepared to put in loads of hours for free, but they all end up costing £10K. If you're modifying, as most turbo owners seem incapable of resisting [
], you can add another £5K, £10K, whatever, to that.Just buy a half-decent Lux for £2K. It'll probably need some bodywork,: then you are realistically in to a re-spray, and all the rubber trims replacing. Kerching, you've now got a £5K car!. Wheels need refurbing, new centre caps, the tyres are old and perishing, just hand over the card. The service will need the belts doing, might as well do the seals and water pump, that's a grand. Suspension is original, engine mounts are too, steering has a small leak.....
I really don't think it's wrong to say that a 944 is a very cheap car to buy for what it is. I also don't think it's wrong to say they are cheaper to restore than any other car of the period? No-one's ever been able to point me to a 1980s car that's better-built, with such easy access to parts. What I do think is wrong, though, is to suggest that all 944s are under-valued, or we are running the values down.
I agree that there will be a slow move towards them being recognised as better than the 911 of the same vintage, and a true bargain. Although, with the housing bubble starting to look like it's causing problems, and interest rates certain to have a quarter point on them soon, I wonder if the classic-car bubble will also burst?
There is an danger that the 944 will be sold by the magazines as a cheap classic that won't break the bank. In fact, most 944s WILL break the bank if you view them as only costing a couple of grand to buy, and then have near-zero running costs. When I bought my first one, ten years ago, the magazines were full of the "they are galvanised, so any rust points to badly-repaired accident damage" rubbish.....
Monkeythree
New member
In my case, £1750 to buy, near enough £7k to put right.
And that's with hours and hours of work done by me rather than a £30/£50/£70 per hour specialist.
Not cheap but the ends justify the means (i hope!)
And that's with hours and hours of work done by me rather than a £30/£50/£70 per hour specialist.
Not cheap but the ends justify the means (i hope!)
Bought mine for £4800 and have since spent around £3K on respray, wheel refurb, tyres, interior, and a cylinder head overhaul doing as much work as possible myself. I could easily spend another £2k to get it exactly how I want it and before you know it I have £10K in it. The guy who had it before me spent £10K on engine and suspension mods amongst other things so its easy to get carried away.
papamantra
New member
Yes I think my 6.5k projection is at £7k 24hrs later
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