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May 31, 2023 21:54:19 GMT
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Last Edit: Jun 1, 2023 6:51:16 GMT by Rich
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I think it is time to sell when someone wants your item as much or more than you. Kerry disasterbus is one of your beach buggy guys, as is Ernie pedalcarjoe and they will have a better idea I suspect. |
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I think it is time to sell when someone wants your item as much or more than you. Kerry disasterbus is one of your beach buggy guys, as is Ernie pedalcarjoe and they will have a better idea I suspect. The prices of all things classic and retro have definitely been rising fast for a few years. I've owned about half a dozen beach buggies and for years they were a fun, affordable, easy to live with summer toy which you could pick up cheaply. My experience was that they never really lost any money and you could own one for a year or two, have some fun then sell it on for about what you paid for it. There were obviously more 2nd hand spares around a few years when scrapyards were full of beetles (and the prices of those hadn't yet started to rise quickly). These days its not uncommon to see good buggies fetching £10,000 to £15,000, and sometimes far more but you would struggle to build one for less, especially when you factor in the cost of a donor beetle and building an engine. The days when you could pick up a roadworthy buggy for a couple of grand are definitely over. Funnily enough I sold my buggy a week ago. I'd owned it about a year and it had gone up by a third in that time. It wasn't hard to sell either (sold 5 days after being advertised). My previous buggy was the same - bought in 2019, sold in 2020 for 25% more than I paid for it. It's the right time of year to sell too, a bit of sunshine and everyone wants a buggy  |
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Currently driving a '68 Karmann Ghia as my daily. Don't ask about previous cars - there have been way too many and I stopped counting at 160!
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brachunky
Scotland
Posts: 1,329 
Club RR Member Number: 72
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With the pending economic downturn (No I'm not a doom monger!) I would say it's the right time to sell. Things are changing and have noticed how some sellers are asking much less for American stuff as well as some regular cars beginning to sell for less cash than 6 months ago.
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  £3200.00 in London. Not much info. But I like it a lot. |
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brachunky
Scotland
Posts: 1,329
Club RR Member Number: 72
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£3200.00 in London. Not much info. But I like it a lot. That's pretty hardcore! Like it too |
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With the pending economic downturn (No I'm not a doom monger!) I would say it's the right time to sell. Things are changing and have noticed how some sellers are asking much less for American stuff as well as some regular cars beginning to sell for less cash than 6 months ago. I have noticed prices of classic/retro cars dropping a bit. There are still crazy sky high resto mod, concours investment opportunities or whatever, but usable ordinary cars/easy projects seem to be dropping. I wonder if, as interest rates rise, that shiny Series Landy, Escort or Skyline isn't going to increase in value much more, so folks who 'invested' in them want to get rid and stick the money in the bank. Or pay mortgages or whatever. |
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£3200.00 in London. Not much info. But I like it a lot. for the money quick buy it and cash in ha ha .. trouble is long wheelbase buggies never quite hit the mark but that one works in that colour scheme here the link for anyone interested but just noticed they have a lot of cheap cars too underpriced which normally points to a scammer of some kind !! www.facebook.com/marketplace/item/1201195324610643/ |
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100% agreed on scammer alert.
Hence me not even contacting them.
Interesting name too.
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ChasR
RR Helper
motivation
Posts: 10,275
Club RR Member Number: 170
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With the pending economic downturn (No I'm not a doom monger!) I would say it's the right time to sell. Things are changing and have noticed how some sellers are asking much less for American stuff as well as some regular cars beginning to sell for less cash than 6 months ago. I have noticed prices of classic/retro cars dropping a bit. There are still crazy sky high resto mod, concours investment opportunities or whatever, but usable ordinary cars/easy projects seem to be dropping. I wonder if, as interest rates rise, that shiny Series Landy, Escort or Skyline isn't going to increase in value much more, so folks who 'invested' in them want to get rid and stick the money in the bank. Or pay mortgages or whatever. Agreed there, but the market is funnier than that. The way to split this is between regular/new dailies and Classics, and repairs, which affects both: -Regular cars (New to 15 years old)Petrol cars are not losing money. Since almost all petrol cars in this age will be LEZ compliant, it will help for anyone in one of the affected towns, especially Scotland, where travelling into a city centre in a non-LEZ car is outlawed, with large fines. Diesels are very funny ones. Certain diesels, like 6 pot autos, in good nick, seem to be holding their money. Very odd. Run-of-the-mill stuff, which is not LEZ friendly (so mostly 2016 and older) are certainly getting cheaper. But there is alot alot of curse word for sale. The folks who bought these cars during Covid, since they could not get a lease car, have basically run these into the ground, and are now cashing out of what is quickly becoming a boring, worn out product. ULEZ compliant diesels, from good homes, and decent histories, are fetching strong money. Autos seem to be commanding cash as well as of late ; Without going into that argument, I can see why ; The traffic everywhere just seems to be getting worse and worse, and councils seem hellbent on putting in as many roadworks at once, regardless of the implications and traffic issues. Maybe they got a BOGOF deal? Classics (18 years and up) Some 15 year old stuff is becoming funny to sell. I suspect huge bills, and big tax payments don't help. I've noticed E6x M5s and 6s are alot cheaper than they were last year. Pre 2006 stuff is holding. Maybe a small dip, but they are holding. E46 328i and 330is, in a condition worth buying, are not cheap. Those days have long long. The Jackeria can testify to that. 1980s-1990s stuff is falling or holding. W124 prices for non 6 pots and diesels seem to be going towards where they were 2 years ago, as it is for other non-normal stuff. If something is immaculate, folks will pay, and handsomely. That market is very well catered for. With both of the above, the super pricey cars are unnaffected. When a BMW M3 Touring is £100K+ now, with a Range Rover Sport SV being £180k, with the former having orders for a while, and the latter very likely to do so, it's fair to say the rich are not struggling. Upper-Middle class, maybe, but not those with some serious cash to burn. Skyline GTRs etc haven't fallen and I doubt they will. RepairsThey've gone up. They've had to. Paint has near doubled in price. Even cheap bodyshops have doubled or trippled their prices. When their electric is £1/kWH, and the price is uncapped, they have no choice, but to either close up shop, or pass on the cost. This does mean, anything needing bodywork, needs serious throught as to whether it is viable. Yes, you can save if you do the work yourself, but the doubling of materials is still going to hurt the wallet. Car repairs and parts have also rocketed up recently. While some mysterious event a year or two ago probably didn't help, a weak Pound hasn't either. Discs for my cars are mental money now, and a friend has noticed this for car he is flipping in the trade. Any car needing work now, unless it is near immaculate, will take a hit as a result of the increased labour/parts rates. |
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I think it is time to sell when someone wants your item as much or more than you. Kerry disasterbus is one of your beach buggy guys, as is Ernie pedalcarjoe and they will have a better idea I suspect. I tend to agree with what most of what Kerry said in his post and over the years I have broke even, lost money and made a small profit on my last one. I bought mine to have fun with them and that is what I did buying the best I could find at the time. Current prices are crazy at the moment and that applies across the board IMHO and probably why I don't have a "toy" or classic at the moment but I am still looking  hint hint  I doubt I will have another Buggy especially at those crazy prices but that could change if I get a phone call off a certain someone |
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Dez
Club Retro Rides Member
And I won't sit down. And I won't shut up. And most of all I will not grow up.
Posts: 11,786
Club RR Member Number: 34
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It seems fishy to me. £47k? It’s not even like it’s a desirable model. A bit fugly even.
If it has genuinely sold for that they’ve got spectacularly lucky in instigating a bidding war between two buyers who don’t know the market for the subject vehicle.
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I have noticed prices of classic/retro cars dropping a bit. There are still crazy sky high resto mod, concours investment opportunities or whatever, but usable ordinary cars/easy projects seem to be dropping. I wonder if, as interest rates rise, that shiny Series Landy, Escort or Skyline isn't going to increase in value much more, so folks who 'invested' in them want to get rid and stick the money in the bank. Or pay mortgages or whatever. Agreed there, but the market is funnier than that. The way to split this is between regular/new dailies and Classics, and repairs, which affects both: -Regular cars (New to 15 years old)Petrol cars are not losing money. Since almost all petrol cars in this age will be LEZ compliant, it will help for anyone in one of the affected towns, especially Scotland, where travelling into a city centre in a non-LEZ car is outlawed, with large fines. Diesels are very funny ones. Certain diesels, like 6 pot autos, in good nick, seem to be holding their money. Very odd. Run-of-the-mill stuff, which is not LEZ friendly (so mostly 2016 and older) are certainly getting cheaper. But there is alot alot of curse word for sale. The folks who bought these cars during Covid, since they could not get a lease car, have basically run these into the ground, and are now cashing out of what is quickly becoming a boring, worn out product. ULEZ compliant diesels, from good homes, and decent histories, are fetching strong money. Autos seem to be commanding cash as well as of late ; Without going into that argument, I can see why ; The traffic everywhere just seems to be getting worse and worse, and councils seem hellbent on putting in as many roadworks at once, regardless of the implications and traffic issues. Maybe they got a BOGOF deal? Classics (18 years and up) Some 15 year old stuff is becoming funny to sell. I suspect huge bills, and big tax payments don't help. I've noticed E6x M5s and 6s are alot cheaper than they were last year. Pre 2006 stuff is holding. Maybe a small dip, but they are holding. E46 328i and 330is, in a condition worth buying, are not cheap. Those days have long long. The Jackeria can testify to that. 1980s-1990s stuff is falling or holding. W124 prices for non 6 pots and diesels seem to be going towards where they were 2 years ago, as it is for other non-normal stuff. If something is immaculate, folks will pay, and handsomely. That market is very well catered for. With both of the above, the super pricey cars are unnaffected. When a BMW M3 Touring is £100K+ now, with a Range Rover Sport SV being £180k, with the former having orders for a while, and the latter very likely to do so, it's fair to say the rich are not struggling. Upper-Middle class, maybe, but not those with some serious cash to burn. Skyline GTRs etc haven't fallen and I doubt they will. RepairsThey've gone up. They've had to. Paint has near doubled in price. Even cheap bodyshops have doubled or trippled their prices. When their electric is £1/kWH, and the price is uncapped, they have no choice, but to either close up shop, or pass on the cost. This does mean, anything needing bodywork, needs serious throught as to whether it is viable. Yes, you can save if you do the work yourself, but the doubling of materials is still going to hurt the wallet. Car repairs and parts have also rocketed up recently. While some mysterious event a year or two ago probably didn't help, a weak Pound hasn't either. Discs for my cars are mental money now, and a friend has noticed this for car he is flipping in the trade. Any car needing work now, unless it is near immaculate, will take a hit as a result of the increased labour/parts rates. I think those that live in it or near it, almost seem to live in a LEZ bubble & I can understand why. I however, live in the E Mids (& millions of others also nowhere near the LEZ) & I couldn’t give a flying f*** about what anyone near has to put up with, why would I? That has pretty much zero to do with car prices, unless you live in that pre mentioned bubble & prices within no doubt do reflect, but millions don’t & it has no impact on our prices. My advice if you have something that doesn’t comply with Mr Sado Khan(t)’s plan, is send it north of the M25 & it will make proper money, coz literally no one else cares |
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Stiff
Posted a lot
'kin 'ell
Posts: 3,019
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It seems fishy to me. £47k? It’s not even like it’s a desirable model. A bit fugly even. If it has genuinely sold for that they’ve got spectacularly lucky in instigating a bidding war between two buyers who don’t know the market for the subject vehicle. I was thinking exactly the same. There's not that much difference between the two cars to warrant the huge difference in price, especially since there seems to be no provenance to speak of that would boost its value. I doubt that it'll be a money laundering scheme like the 50p's selling on ebay for £10k but there must be more to it. Maybe not though. Maybe the world really is going mad. |
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I think those that live in it or near it, almost seem to live in a LEZ bubble & I can understand why. I however, live in the E Mids (& millions of others also nowhere near the LEZ) & I couldn’t give a flying f*** about what anyone near has to put up with, why would I? That has pretty much zero to do with car prices, unless you live in that pre mentioned bubble & prices within no doubt do reflect, but millions don’t & it has no impact on our prices. My advice if you have something that doesn’t comply with Mr Sado Khan(t)’s plan, is send it north of the M25 & it will make proper money, coz literally no one else cares Yes and no. While I am surprised by the number of cars of various types having thier ULEZ credentials declared in advertising, the East Midlands is not "safe". It was only Covid which halted the introduction of the Nottingham ULEZ and I wonder when they will bring that back in as an idea. Derby was supposed to follow Nottingham but no dates had been published (that I saw). I can't imagine Leicester not following suit on that then. There was a government document published with the dates for launching ULEZ in a dozen or more cities in England (Scotland and Wales having different administration) - I don't recall all the cities and dates but Nottingham was in the phase 1 and IIRC Derby in phase 2. Birmingham already has its zone in place and I've had to pay for taking the wrong car in. Manchester (not really in the Midlands) has a temporary suspension of their ULEZ and I am unsure what Sheffield is doing. So these things are slowly encroaching everywhere. Right now its not much of an issue, maybe a year, maybe 5, who knows. |
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Last Edit: Jun 4, 2023 18:30:47 GMT by akku
1941 Wolseley Not Rod - 1956 Humber Hawk - 1957 Daimler Conquest - 1966 Buick LeSabre - 1968 Plymouth Sport Fury - 1968 Ford Galaxie - 1969 Ford Country Squire - 1969 Mercury Marquis - 1970 Morris Minor - 1970 Buick Skylark - 1970 Ford Galaxie - 1971 Ford Galaxie - 1976 Continental Mark IV - 1976 Ford Capri - 1994 Ford Fiesta
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It seems fishy to me. £47k? It’s not even like it’s a desirable model. A bit fugly even. If it has genuinely sold for that they’ve got spectacularly lucky in instigating a bidding war between two buyers who don’t know the market for the subject vehicle. I tend to agree with you on the £47K price tag, something odd to say the least maybe a lottery winner after they had had a few too many ? I don't know anyone of my old VW friends / contacts who would see it at that sort of money, most of them couldn't see more than £20K in it |
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Interestingly while talking about this massive cost of Buggies this eBay listing is popping up each time www.ebay.co.uk/itm/145114352408£3500 opening bid, £5000 buy it now    |
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1941 Wolseley Not Rod - 1956 Humber Hawk - 1957 Daimler Conquest - 1966 Buick LeSabre - 1968 Plymouth Sport Fury - 1968 Ford Galaxie - 1969 Ford Country Squire - 1969 Mercury Marquis - 1970 Morris Minor - 1970 Buick Skylark - 1970 Ford Galaxie - 1971 Ford Galaxie - 1976 Continental Mark IV - 1976 Ford Capri - 1994 Ford Fiesta
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Asking isn't always getting but hey. I don't see the value in it at that, but we were just discussing elsewhere that theres a 3rd Gen IROC at a dealer for $80k and a 1980s Jeep Wagoneer just went through Mercum for like $125,000. So who knows.
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1941 Wolseley Not Rod - 1956 Humber Hawk - 1957 Daimler Conquest - 1966 Buick LeSabre - 1968 Plymouth Sport Fury - 1968 Ford Galaxie - 1969 Ford Country Squire - 1969 Mercury Marquis - 1970 Morris Minor - 1970 Buick Skylark - 1970 Ford Galaxie - 1971 Ford Galaxie - 1976 Continental Mark IV - 1976 Ford Capri - 1994 Ford Fiesta
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Asking isn't always getting but hey. I don't see the value in it at that, So who knows. true and I agree with you |
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hint hint 
