Mr clarkson like him or not i reckon if top gear had a feature on a kitcar company each week they could almost relaunch the UK small builders car market as is his power with petrolheads. One guy complained to me saying that the price of my car was to high saying he had got one for £600 , i said well done . Im in no rush to sell my car so i guess im in a strong selling position , but looking around the market i really don't why kitcars should be going down in value so much even good versions as it not like are fords vauxhalls etc and they are thousands of the same one kicking around. All i can think is that it must be down to the people selling them. Also now theres another quantum owner up here i may keep it and we could go for 2 car rallies ,3 if we let my brother come along in his silva fury.
--- On Sat, 14/5/11, Dave the Subbie <[email protected]> wrote: > From: Dave the Subbie <[email protected]> > Subject: [Quantum Owners] Re: Just put my Quantum on ebay > To: "Quantum Owners Group" <[email protected]> > Date: Saturday, 14 May, 2011, 19:53 > Anything is only worth what you can > get for it, but that depends on > how desparate you are to sell it. > > The truth is that a Mk2 without MoT is going to have to be > pretty > special to make more than £300 - 400, and a 2+2 £600 - > 700. With MoT > and tax, you could say the same cars would be £700 - 800 > and £1000 > -1500. I've bought three and sold one in the last year. > (Don't ask..!) > > The above are governed, largely, by the alternatives on the > wider > market. Mx5s, MGFs, MR2s, XR2s, etc. etc. and the number of > people > with a non-runner kit car in the garage that they have lost > interest > in. Often that they bought second hand and didn't build. > > Now, the problem for most of us is that, having spent hours > and money > on our cars, their open market value is such that we won't > get it back > if we sell them. Which is why most of the best cars aren't > for sale. I > guess that's a fact of life. > > But it leaves the problem that, if your car gets written > off, the only > way to replace it is to buy a less special one and do lots > of work to > it to get it to the same standard. Which is why we need > agreed value > insurance. to cover the work involved. And particularly if > it's > someone else's fault - when you would be really annoyed to > be offered > the sort of money above for your immaculate 2+2 turbo 4wd > nitrous > injection with electric hood, kangaroo leather interior and > diamond > jewelled instruments, etc. (Don't tell me someone has > one..!) > > The other problem is that, having built the ultimate car, > it's not > possible to sell it on to finance the next project. Or > persuade other > stakeholders in the household that you aren't just throwing > good money > after bad every month. > > So, ultimately, we all have an interest in improving the > profile of > these cars in the wider world. When rusty heaps of MGBs > with > agricultural engines and suspension are £2K+ and Mk1 > Escorts start at > £4K for a 1.1 4-door, there has to be scope for our chosen > vehicles to > be worth more, if only the wider market appreciated them. > It's not > just Quantums - look at early GTMs, Mini Marcos, Ginettas, > Novas, etc. > They all have the same problem. > > I don't know the answer, but, as a relative newby to the > scene, it > seems to me that there is scope for a gentle but effective > publicity > campaign to bring the attention of the wider enthusiast > market to our > area. There's both the Classic area, that must be getting > bored with > the same old cars by now, and seems to be getting more > into > modifications, which we do lots of, and there's the Top > Gear market, > that must be getting bored with looking at unaffordable, > uninsurable > supercars, whilst driving korean superminis on HP, with > 4-figure > insurance premiums. > > More interest = more buyers = better values for our cars? > > There, I've thrown a brick into the pond. What do you > think? > > Dave. > > On May 13, 1:18 pm, Doug <[email protected]> > wrote: > > "...isn't anything only worth what someone else is > prepared to pay for > > it?" > > > > Yes, but what governs what someone is prepared to pay > for it? Is it > > what buyers are prepared to pay, or what sellers are > asking for it? I > > guess it's more of a buyers market at the moment, but > for something > > like an Xtreme with a fairly good USP demand will > probably not be too > > dependent on whether the average asking price for a > typical one is £5k > > or £7k. If you want one you want one, and you'll > pay what the going > > rate is SO LONG AS YOU DON'T SEE VALUES FALLING, and > owners and buyers > > alike value the cars by looking at what prices they > are for sale at. > > Please argue the point if you think I'm wrong. The > trouble is that by > > chasing buyers by starting out asking less than > everyone else for your > > own car, not only does it force all the values down, > it may also > > (conversely) reduce demand as buyers see resale values > are falling, > > which in turn reduces values, and so on. It seems a > vicious cycle and > > we don't want to get into that. > > > > Falling secondhand values also reduce demand for new > builds, since no > > one want's to spend a fortune on building a car only > to find the > > average resale value after a few years of minimal use > is half that. > > So obviously it's in the interest of Quantum and > quantum owners to > > keep values up, and hence talk of agreed value schemes > which might > > support values a bit. > > > > At the end of the day all kit cars are unique, and if > you happen to > > have the particular features someone wants then that's > more likely to > > determine whether it's your car they buy or the other > chap's, > > providing the buyers can see why your car might be a > bit more or less > > than someone elses. Undercutting the competition > ends up being bad > > for all the current owners, but if you need to in > order to sell in a > > hurry then that's what you have to do. It's when a > new one comes on > > for sale at what seems an artificially low price that > I baulk because > > the seller didn't even try to find out if it would > sell at a higher > > price. I guess in the end values will find a level, > I just hope it's > > not too low. Mine's on PH now by the way. Decide > for yourselves if > > I'm asking too much. > > > > Regards > > > > Doug > > -- > You received this message because you are subscribed to the > Google Groups "Quantum Owners Group" group. > To post to this group, send email to [email protected] > To unsubscribe from this group, send email to > [email protected] > For more options, visit this group at > http://groups.google.com/group/quantumowners?hl=en > > IMPORTANT NOTE: All information presented herewith is > provided on an "As Is" basis, without warranty or the > implication thereof. Neither the Quantum Owners Club nor the > individuals associated with the Quantum Owners Club or in > the preparation of the above information shall have any > liability to any person or entity with respect to liability, > loss, or damage caused or alleged to be caused directly or > indirectly by the instructions contained within this or > related message(s). > -- You received this message because you are subscribed to the Google Groups "Quantum Owners Group" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/quantumowners?hl=en IMPORTANT NOTE: All information presented herewith is provided on an "As Is" basis, without warranty or the implication thereof. Neither the Quantum Owners Club nor the individuals associated with the Quantum Owners Club or in the preparation of the above information shall have any liability to any person or entity with respect to liability, loss, or damage caused or alleged to be caused directly or indirectly by the instructions contained within this or related message(s).
