Price Check

xXx · November 19, 2008

First of all pardon my ignorance. I’m neither a classic/vintage car fan nor intend to buy one. Just out of curiosity would like to know weather this car actually worth the price tag?

http://www.autolanka.com/ad.asp?ID=8363

I know there’s been much debate on valuing such cars so let’s try to be as realistic as possible. If one of you to buy this how much will you be willing to cough out?

Main reason why I ask this question is I see a little trend forming where lot of these oldies are restored in hope of selling for an outrageous price? I think it’ll be fair for me to say back in the days these were mainly resorted by collectors, correct?

Kim · November 19, 2008

hmmm..when i saw it first, i was checking/re-checking but still not sure, showed 2 other friends the amount and asked them if i was seeing the same thing..damn! person can buy a land with a house and a new car made in 2005 with this much of money, still there'll be some left to throw a party to all AL members with beer of course!

GTAm · November 19, 2008

Either the owner has added a zero too much or he is the king of wishful thinking!

mazdaspeed · November 19, 2008

GTAm said:
Either the owner has added a zero too much or he is the king of wishful thinking!

Or else plain and simple - STUPID

MasterDon · November 19, 2008

hmmm around 1 mil would be more realistic....the 7 is an old car,that's it...IMO it's neither a classic nor a collector's item....

unless somebody made a car called "Auatin" 7

Edited November 19, 2008 by HelRazor

rman2000 · November 19, 2008

well the Austin 7 is a classic car alright but the owner is just silly to ask for that price

I too like classic cars but not into buying one now anyway but out of curiosity do you guys know the market value of the following cars

Morris 8 (1940's era)

Triumph Herald (1960-1970)

Triumph Spitfire

Austin Healey Sprite

Austin A40

Sunbeam Talbot

HelRazor said:
hmmm around 1 mil would be more realistic....the 7 is an old car,that's it...IMO it's neither a classic nor a collector's item....
unless somebody made a car called "Auatin" 7

Watchman · November 19, 2008

on the topic. I have a question too

How much would a Mercedes 170 (YOM around 1953) cost?

this is the model i'm talking about http://www.seoski-turizam.net/mercedes/mer...ld-mercedes.htm

i remember seeing on in good condition for sale about 4-5 years ago for 1.0mil...

the specimen i have in mind is one that has had a restoration project started but halted and the vehicle has been untouched in about 7-8 years.. So it needs a bit more tinkering and a paintjob.. all parts are there except for the clock on the dash and the front grill's mesh... and i presume the rubber bushes etc will all also need replacement due to age along with maybe some other parts.. the engine hasnt been started in about 8-9 years either.

How much would such a model be worth? are their people who are willing to buy such project cars, with the country's situation. And what would such a car cost.. (approx)...

Edited November 19, 2008 by Dilesh

maliths · November 19, 2008

rman2000 said:
well the Austin 7 is a classic car alright but the owner is just silly to ask for that price
I too like classic cars but not into buying one now anyway but out of curiosity do you guys know the market value of the following cars

Morris 8 (1940's era)

Triumph Herald (1960-1970)

Triumph Spitfire

Austin Healey Sprite

Austin A40

Sunbeam Talbot

No way a 7 would be worth that much. As Helrazor said maybe maximum of about 1 mil if its in good condition. The thing is with classic cars in SL there are so few that the seller can really demand quite high prices if its a rare car. To asnwer you question rman

Triumph Spitfire - There was a very nice 1500 that was for sale abt 8 years ago for about 1.5 mil I think. There was another one in the paper about 4 years ago which I had a look at but cant rememeber the price.

Austin Healey Sprite - I am unaware of one changing hand recently. We found one about 4 years ago but it only the body that was left which was totally corroded and we bought it for 200k. A sprite would probably be about 2.5-3 mil or more but thats if any of the people who own them are willing to sell which I doubt.

Austin A40 - this should be more than a few hundred thousand rupees I guess.

Triumph Herald (1960-1970) - As above but the convertible ones might be a bit more I guess

Morris 8 (1940's era) - No idea on these

Sunbeam Talbot- No idea on these

xXx · November 19, 2008

Kim said:
person can buy a land with a house and a new car made in 2005 with this much of money, still there'll be some left to throw a party to all AL members with beer of course!

unless you pull something like what sumal did with waters edge i doubt you'll be able to afford a piece of land around colombo for that budget

pathola 1 · November 19, 2008

rman2000 said:
well the Austin 7 is a classic car alright but the owner is just silly to ask for that price
I too like classic cars but not into buying one now anyway but out of curiosity do you guys know the market value of the following cars

Morris 8 (1940's era)

Triumph Herald (1960-1970)

Triumph Spitfire

Austin Healey Sprite

Austin A40

Sunbeam Talbot

bought a Morris 8 about a month back for 650,000 its a 1943 the car is stock and all remain original

Have a DKW3=6 EN-89** again 1950's we got about 15 years back for 15,000 being restored now

There was a MG Y series in B'wela which needed a lot of work, the owner was asking for 1.4 mill, went 2 weeks later and he has sold it

These cars go at crazy prices...

Devinda_Z · November 19, 2008

Dilesh said:
on the topic. I have a question too
How much would a Mercedes 170 (YOM around 1953) cost?

this is the model i'm talking about http://www.seoski-turizam.net/mercedes/mer...ld-mercedes.htm

i remember seeing on in good condition for sale about 4-5 years ago for 1.0mil...

the specimen i have in mind is one that has had a restoration project started but halted and the vehicle has been untouched in about 7-8 years.. So it needs a bit more tinkering and a paintjob.. all parts are there except for the clock on the dash and the front grill's mesh... and i presume the rubber bushes etc will all also need replacement due to age along with maybe some other parts.. the engine hasnt been started in about 8-9 years either.

How much would such a model be worth? are their people who are willing to buy such project cars, with the country's situation. And what would such a car cost.. (approx)...

parts might be expensive machan - its a Merc afterall - i recall a friend being quoted 300k for a Carb if i recall right on a 80's MB sedan

Devinda_Z · November 19, 2008

xXx said:
unless you pull something like what sumal did with waters edge i doubt you'll be able to afford a piece of land around colombo for that budget

but what goes around comes around , as we've seen now, so even that might not quite work in the grand scheme of things!

Devinda_Z · November 19, 2008

pathola 1 said:
bought a Morris 8 about a month back for 650,000 its a 1943 the car is stock and all remain original
Have a DKW3=6 EN-89** again 1950's we got about 15 years back for 15,000 being restored now

There was a MG Y series in B'wela which needed a lot of work, the owner was asking for 1.4 mill, went 2 weeks later and he has sold it

These cars go at crazy prices...

didn't realize you were into classics

is this the particular MG Y ?

http://www.mgcars.org.uk/mgccy/specialys/y0900.htm

Devinda_Z · November 19, 2008

GTAm said:
Either the owner has added a zero too much or he is the king of wishful thinking!

Go West would agree!

Devinda_Z · November 19, 2008

maliths said:
Morris 8 (1940's era) - No idea on these
Sunbeam Talbot- No idea on these

been maintaining a registry of sorts documenting the prices of some classics which have come up for sale over the past year or so...

its hard to fix prices on these, but will be able to work out an benchmark figure over time

There was a Sunbeam Alpine with a 3 Million asking price not too long back!

xXx · November 19, 2008

pathola 1 said:
bought a Morris 8 about a month back for 650,000 its a 1943 the car is stock and all remain original
Have a DKW3=6 EN-89** again 1950's we got about 15 years back for 15,000 being restored now

There was a MG Y series in B'wela which needed a lot of work, the owner was asking for 1.4 mill, went 2 weeks later and he has sold it

These cars go at crazy prices...

Who actually buy these? Collectors? If so I can’t picture them re-selling the cars after putting on so much work in to restoring them. You think we are in an early stage of another trend like the current 4X4 mania?

rman2000 · November 20, 2008

You mean a Triumph Herald is around 1 million????

In 1990 there were a few in Dehiwela for about Rs 25-30 thousand

then in 1999 I saw one in very good shape for rs 40 000 (4 sri) it was in original condition

maliths said:
No way a 7 would be worth that much. As Helrazor said maybe maximum of about 1 mil if its in good condition. The thing is with classic cars in SL there are so few that the seller can really demand quite high prices if its a rare car. To asnwer you question rman
Triumph Spitfire - There was a very nice 1500 that was for sale abt 8 years ago for about 1.5 mil I think. There was another one in the paper about 4 years ago which I had a look at but cant rememeber the price.

Austin Healey Sprite - I am unaware of one changing hand recently. We found one about 4 years ago but it only the body that was left which was totally corroded and we bought it for 200k. A sprite would probably be about 2.5-3 mil or more but thats if any of the people who own them are willing to sell which I doubt.

Austin A40 - this should be more than a few hundred thousand rupees I guess.

Triumph Herald (1960-1970) - As above but the convertible ones might be a bit more I guess

Morris 8 (1940's era) - No idea on these

Sunbeam Talbot- No idea on these

jehan80 · November 20, 2008

Kim said:
hmmm..when i saw it first, i was checking/re-checking but still not sure, showed 2 other friends the amount and asked them if i was seeing the same thing..damn! person can buy a land with a house and a new car made in 2005 with this much of money, still there'll be some left to throw a party to all AL members with beer of course!

You may be stretching the value of 4m just a bit to do all that

pathola 1 · November 20, 2008

Devinda_Z said:
didn't realize you were into classics
is this the particular MG Y ?

http://www.mgcars.org.uk/mgccy/specialys/y0900.htm

It's my dad's passion, good hobby after retirement... i just watch from a distance, Had a Merc 170 S some time back and sold dirt cheap

The DKW is a feast to drive, a 2 stroke car with a 3 cylinder engine, damn fast for its age

The MG was a sedan few models came in the Y series... not sure what exactly this was

pathola 1 · November 20, 2008

xXx said:
Who actually buy these? Collectors? If so I can’t picture them re-selling the cars after putting on so much work in to restoring them. You think we are in an early stage of another trend like the current 4X4 mania?

I guess its the ppl with a passion for these things and enjoy the trouble finding parts and mechanics to fix these. Restoration is great fun and the end result is very pleasing

A Mania ? guess its already there with a more mature set of people and who has en extra bit of cash in hand

Edited November 20, 2008 by pathola 1

maliths · November 20, 2008

rman2000 said:
You mean a Triumph Herald is around 1 million????
In 1990 there were a few in Dehiwela for about Rs 25-30 thousand

then in 1999 I saw one in very good shape for rs 40 000 (4 sri) it was in original condition

hmm 1 mil for a herald would be a bit too much I think. I dont think there are lot of those knocking about anyway dont see them very often. yeah about 10 years ago 40-50k would have been ok. I think a healey sprite was sold late 90's for about 450k if i remember right. Incidentally the triumph herald is very similar mechanically to the spitfire well the chassis is almost identical.

MasterDon · November 20, 2008

pathola 1 said:
It's my dad's passion, good hobby after retirement... i just watch from a distance, Had a Merc 170 S some time back and sold dirt cheap

hmmm i think I know your dad...he came to see us about a month ago

jehan80 · November 20, 2008

On the subject of prices...

http://www.autolanka.com/ad.asp?ID=8444

4.1m for a 1987 Prado

Edited November 20, 2008 by jehan80

sanjeev · November 20, 2008

1987 Landcruiser for 4.1 not worth

GTAm · November 20, 2008

rman2000 said:
well the Austin 7 is a classic car alright but the owner is just silly to ask for that price
I too like classic cars but not into buying one now anyway but out of curiosity do you guys know the market value of the following cars

Prices for classics are highly condition sensitive. IMO these are the ranges you should be looking at depending on how good bad or ugly they are. Of course some of them are crazy prices that I'll never pay .

Morris 8 (1940's era) - 75,000 - 600,000

Triumph Herald (1960-1970) - 50,000 - 250,000 for a saloon, 150k - 350k for a coupe...... Soft top is very rare.

Triumph Spitfire - 1.2m - 2m

Austin Healey Sprite - 650k - 1.5m

Austin A40 - below 150k

Sunbeam Talbot - which model??