Tom
Chats A Bit
Posts: 218 
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Post by Tom on Mar 5, 2016 10:39:05 GMT
So, I have been seeing a lot recently (and noticing a little) that it seems to be strongly predicted that NA cars are likely to start a sharpish upward trend in price.
What do people think? Is this going to be just on the limited edition factory standard cars or a trend as a whole for a nice example? I have taken my factory standard V-spec to pieces recently and turbo'd it, but nothing overly lairy (no roller painting, grafitti paint, no silly lows with ruined subframes and chassis rails).
I'm not really worried about the worth of my car as I built it for me! Its what I want to drive, and I prefer to press on in it with HSDs, sticky tyres and a roll bar! Just intregued as to what peoples opinions are about it all, predictions of price rises and what will leave a car exempt from the rises?
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Post by trackiebear454 on Mar 5, 2016 11:23:50 GMT
generally over the last few years ive noticed 2 main trends. A good clean nearly standard mk1 that is rust free has skyrocketed and rightly so if you ask me. The other somewhat annoying trend is the "Drift Spec" cars that skyrocketed value and sold for more than a rust free model even though they were peppered with rust holes and had been battered around
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Post by Randy Precisio on Mar 5, 2016 18:08:52 GMT
Whatever's going on with Mk1 prices I'm not sure 'skyrocketing' is the right word to describe it... People have been talking like that for a few years now TBH. Prices clearly are on the up, but I think there's still time to enjoy these cars for what they are  Let's face it, even 3-4k minters are still cheaper to buy than a 2/3 year old bottom of the range hatch, hardly priceless artefacts yet IMO... |
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Post by lazza on Mar 5, 2016 20:09:11 GMT
Cheap seems to be getting cheaper but expensive seems to be getting more expensive...
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Post by boringgit on Mar 6, 2016 9:19:55 GMT
I dunno. Good clean ones still seem to be around the 1 - 1.5k mark, and i certainly wouldnt pay any more than that unless fresh import, or lots of goodies thrown in.
My other half's cost 1300 and it's absolutely spotless underneath, but it is an auto, though (although I'd say they're the hidden gem of the mx5 world!)
On the other hand.. my Mk2 cost 600 quid and of course, it needs a bit of TLC but certainly not on the scrapyard yet.
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Tom
Chats A Bit
Posts: 218
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Post by Tom on Mar 6, 2016 14:59:29 GMT
I would agree, although there does seem to be the odd chancer trying their luck for a fair wedge of cash these days! Everyone seems to have been getting very hyped about the magazine article (in practical classics maybe?) predicting a rise in prices in the future!
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Post by trackiebear454 on Mar 6, 2016 19:57:11 GMT
i think values going up but its very slow
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Post by Randy Precisio on Mar 6, 2016 21:56:03 GMT
^A few posts back you said you'd noticed values had "Skyrocketed", and now you tell us value's are going up but very slowly? Mixed messages  |
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Post by trackiebear454 on Mar 6, 2016 22:22:07 GMT
well its difficult to say 'skyrocketed' is a matter of opinion. Clean mk1s have gone from 1000ish to 1600ish is that a skyrocket or not? i mearly stated clean mk1s have gone up in value, and "drift" spec cars have sold for silly money. Skyrocketed may be the wrong word but 60% increase in value in 3 years isnt bad
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Post by AndyMk2 on Mar 7, 2016 20:16:30 GMT
It's one of those strange self-fulfilling prophecies where if enough people think it's happening, then it happens.
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Post by mabt5s on Mar 10, 2016 1:11:25 GMT
The prices coming out of Japan appear to be rising on the mk1s at the moment
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Post by skuzzle on Mar 10, 2016 10:00:02 GMT
That's because they are running low on good ones.
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Post by Meerkat on Apr 4, 2016 17:51:30 GMT
As Boringgit pointed out, I think as prices go up people will want to get the most out of their money, so I think cars will have to be in pristine condition to command big price tags. As long as there are a range of conditions out there I think you'll still get plenty of people who would rather spend less money on a more tatty "fixer-upper" than splash out on a mint one.
I think as long as this keeps happening prices will stay more or less the same, with maybe only a small upward trend.
Having said that, those who have mint mk1s would be wise to keep them mint, I think the ones at the top end of the condition range will start to break away from the lower priced ones - this is already happening on sites like car and classic where it's not uncommon to see 8 or 9 grand pricetags. Ambitious, perhaps, but a car is worth what someone is prepared to pay for it...
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Let's face it, even 3-4k minters are still cheaper to buy than a 2/3 year old bottom of the range hatch, hardly priceless artefacts yet IMO...
