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LY for sale
- Thread starter AcidV6
- Start date
rustedandrotten
Well-Known Member
261 on the register, check the photos, no4, of the front after a 'minor' altercation at Cadwell Park, explains the hotch potch of colours on the front end!
sam bignell
New Member
phatdad":37idxnyy said:
Put it this way, apart from a uber low mileage ly that came up for sale last year there have been no straight (no crash damage or dodgy paint with possible history to why its been repaired) ly cars for sale since I bought mine.
You'll need a lot more pennies in your pocket if you want to buy a ly in 17 years time as well. But ly aside I'm sure that'll be the case for all Clio V6s
If I was in your position I'd offer 20k for the acid yellow V6 that popped up on eBay a short while ago
sam bignell":18oi18fm said:
It was a joke, been on many forums, got a small collection of cars and bikes, everybody thinks their vehicles are worth a fortune, everywhere!
I have a vee in my collection, i also like a laugh, lighten up sam bignell, maxi.man's car is never worth £25k if ye can buy a silver one today (pistonheads) for £12.5k.
sam bignell
New Member
The cheapest place currently to buy a vee is the uk with cars being exported regularly. Recently a ly which wasn't original went up for sale in France at £35,000+. I fully expect this to follow the trend and go abroad as potential buyers may not be aware of the car's history.
The value of a car depends on the market demand, as such you may feel 25k is expensive (or maybe suggesting its too cheap?) yet someone might just pay that. It wasn't so long ago 27k was an acceptable price tag valued by some on here for the uber low mileage ly vee that Dulan subsequently purchased.
The value of a car depends on the market demand, as such you may feel 25k is expensive (or maybe suggesting its too cheap?) yet someone might just pay that. It wasn't so long ago 27k was an acceptable price tag valued by some on here for the uber low mileage ly vee that Dulan subsequently purchased.
Interesting thread.......with wildly differing views on what a Vee is worth, especially the one that is the subject of this thread, and LY cars in general.
Since the Vee (Phase 2) is not that old, colour, mileage and accident damage appear to have a significant bearing on their price, along with the car's condition. I believe this will change as the Vee gets 'older' and reach the 15-20 year mark, and beyond, especially if enough Vees are shipped out of the UK.
IMO what a car is worth to a collector is usually different to what it is worth to those who are looking to buy one for weekend or occasional use, unless it has motorsport credentials, or has some history or provenance (e.g. race or rally history or being owned by somebody famous), or it has to be ultra-low mileage and must be in an 'as new' condition. I believe one or more of these usually influences the price.
I bought the ultra-low mileage example that Sam alludes to above because I thought it was too good to pass up, and wanted to keep it in the same condition that I found it. As such, it is SORN'd and has been in dry storage ever since. It will remain that way for the foreseeable future (but will have its annual maintenance though).
Since the Vee (Phase 2) is not that old, colour, mileage and accident damage appear to have a significant bearing on their price, along with the car's condition. I believe this will change as the Vee gets 'older' and reach the 15-20 year mark, and beyond, especially if enough Vees are shipped out of the UK.
IMO what a car is worth to a collector is usually different to what it is worth to those who are looking to buy one for weekend or occasional use, unless it has motorsport credentials, or has some history or provenance (e.g. race or rally history or being owned by somebody famous), or it has to be ultra-low mileage and must be in an 'as new' condition. I believe one or more of these usually influences the price.
I bought the ultra-low mileage example that Sam alludes to above because I thought it was too good to pass up, and wanted to keep it in the same condition that I found it. As such, it is SORN'd and has been in dry storage ever since. It will remain that way for the foreseeable future (but will have its annual maintenance though).
The reasoning is 12.5k for a silver one that has no broadcast damage.
Guide price for these things is £13500 retail, i agree more on the open market for a rare colour but it means a few thousand more like two grand not ten grand plus.
The same guide would be used by an insurance company, first offer on a write off would be way below this figure, if you held out for 25k the insurance company would be laughing all the way to the court case.
Guide price for these things is £13500 retail, i agree more on the open market for a rare colour but it means a few thousand more like two grand not ten grand plus.
The same guide would be used by an insurance company, first offer on a write off would be way below this figure, if you held out for 25k the insurance company would be laughing all the way to the court case.
But it's what owners are prepared to let them go for. If there are no liquids for sale then its a sellers market. I wouldn't let mine go for less than £25k (and prob wouldn't at that). Look at the turbo 2 market now for an example. Few years ago these were selling for £15-20k now owners won't let them go for under £30k and that's for a ropey one. Yes, if someone needs/wants a quick sale then they might need to have an attractive price but what it slowly happening is there are less and less v6s being bought by people who sell them on after a year or twos worth of ownership and more buying them for the longer term, which then means less decent ones coming up for sale. When they do come up they can be priced at what the owner wants for their car and not what a buyer is prepared to pay.
When phase ones are currently advertised at both 7.5k and 15k (and every where in between), its hard to gauge a guide price anymore.
Condition, desirability, mileage and location will always affect value and the greater these gaps are the greater the price gap becomes.
A one owner LY with lower mileage is always going to fetch a premium. Whilst thinking about it, is there even another single owner UK LY car? I think Maximan is possibly unique there?
Many of us have agreed value insurance policies so that is not a concern. :approve:
Condition, desirability, mileage and location will always affect value and the greater these gaps are the greater the price gap becomes.
A one owner LY with lower mileage is always going to fetch a premium. Whilst thinking about it, is there even another single owner UK LY car? I think Maximan is possibly unique there?
Many of us have agreed value insurance policies so that is not a concern. :approve:
Each to their own I guess, but IMO your rationale/logic is a bit flawed. There are thousands of cars in collections/storage, and their values are unaffected, and are on the up, as long as their condition is maintained.james":1h9mtbc4 said:
Having cars in storage is fine if they are not 'abandoned' until the owner wants to sell, but are looked after and exercised to make sure that mechanical and electrical components don't seize up or deteriorate over time. Preventative maintenance is the key here, and applies irrespective of whether or not a car is driven. Of course trying to do things on the cheap will have an effect, so the lesson here is to not skimp on maintenance, even if the car is not driven (regularly).
In the classic car world guide price usually don't mean anything (i.e. the concept doesn't exist) - admittedly the Vee is still not there yet, but we need to start thinking about the Vee as a classic, as I believe it will be (very soon, hopefully). There may be a valuation, but the price is decided between the seller and the buyer, or bidder, in the case of auctions.phatdad":24gis87k said:
As Duncan points out having the Vee on a limited mileage, agreed value insurance policy will solve the issue of pay out in case it gets written off.
