Let's see what the market says. Prices for classic landies have been on the up in the UK for a while.
Hopefully they will, in time, post a sold price.
Cheers
Steve
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Let's see what the market says. Prices for classic landies have been on the up in the UK for a while.
Hopefully they will, in time, post a sold price.
Cheers
Steve
To put it into perspective, my (POS...) '95 Classic with EAS carried a sticker price, in 1995, of $95,000.Quote:
Originally Posted by cafe latte
So, if this example is 101% rust-free, everything fitted together perfectly, NO leaks... electrics blessed by St Lucas, then maybe it is a good price.. if you knock off a zero....:angel:
"Other" 4WDs back then were half the price, and today are worth 2x what mine will fetch.
- There's a reason for that ! :wasntme:
Car Market is a fickle thing though, isn't it...
Demand versus supply is always a good predictor for an escalating price or a dwindling value.
Not only that though - the European, American and Asian markets are wildly different to our local market when it comes to 'classic' vehicles and prices in general.
Following foreign markets is only applicable for the ultra-low volume production units, and by that I am referring to the supercars and prestige brands of global markets.
Common production vehicles do not follow any specific trends, and the demand and supply are often fleeting. A Range rover, is not anywhere near approaching rarity, and it's still not really 'old enough' to be jumping in price just yet. It needs another 15 years before the price becomes a little more cemented.
I think a great example of market values are represented by a Mercedes 300SL Gullwing. These have been highly prized and extremely rare vehicles since the production in 1955, and regardless of supply, the demand has been extraordinarily high.
But they seem to have hit their price ceiling. Not only that, but the market simply will not bear a high figure on a vehicle that is not a 'pebble beach' concours build standard.
Then you have all the other fussy crap - provenance, log books etc and the subjective historical representation of an individual vehicle (i.e. the bull**** that comes with it)
and when you see values from 500K to 2.5M for the same model, it really starts to hit home.
At the end of the day, the price a vehicle sells for is only the sum total of what someone is willing to pay for it.
I think that RRC values still have a fair way to go before they stabilize their low-end of the value scale. Sure, there are a few (and very few) tidy examples on the market now, but that does not mean that there arent hundreds more hiding in garages around the globe. Don't forget the production numbers are quite a bit higher than say, a Ferrari of the same vintage, so it's not going to increase the value of the vehicle by any great or disproportionate sum.
As the purchase price data becomes available, the trending calculations can be performed and market followers will be able to make a more general statement about average values, but right now there are far too many examples of the 2 door RRC on the market to make them worth any more than loose change.
Couple that with a relatively low demand and your vehicle values are not going to climb as much as you might like them to....
And don't forget the capital outlay versus the return on sale of the vehicle. There is bound to be a net loss on something like an RRC due to the necessary parts requiring replacement, and the high level of maintenance costs
Kind of what I was thinking, knock off a zero and the price wont be far wrong. Yes it is in good condition, but they are hardly rare, I know someone with a really nice one he picked up for a song.Quote:
Originally Posted by superquag
Chris
There will always be somebody willing to pay big $$ for the right car. Is this Range Rover worth 132,250.00 British Pounds :eek:
Even though it's number one off the production line it's still a huge price
http://www.silverstoneauctions.com/1...r-chassis-no-1
Fools and money are easily parted it seems and it has done 89,000 miles!!!Quote:
Originally Posted by jerryd
It may the first off the production line but it is still just an old Range Rover. Dont get me wrong I like them, I have driven a few but that money will buy a lot of classic car and a lot lot less will get you a great of classic Range Rover.
Chris