Tom W
Active Member
I've just been browsing car an classic, and in my mind values seem to be stronger than they were 3 years ago when I started looking for my p6 most seem to be in the £3k to £6k region, with people asking higher for the very best cars. They're mostly v8s but there's some 4cyls in this range too. When I bought mine, I remember runners needing some work being around the £1k to £1.5k mark, with basket cases being a few hundred pounds, and readily available. There hardly seem to be any of these around now. Are values actually going up, or are the tatty cars just getting restored or scrapped?
Are rising values a good thing? For me I would say yes. 3 years ago, I got a complete unmolested car for next to nothing that turned out to be basically sound. All it needs to make it into a good condition car is a respect. Looking at values now, the amount the value will raise by with the respray is possibly more than the cost of the respray itself. But then rising values are bad if your on the lookout for a cheap project, and if you don't intend to ever sell your P6 then values are largely irrelevant. I wonder if it will lead to more cars being restored, but maybe to a lower standard to make a quick buck.
What does everyone else think?
Tom
Are rising values a good thing? For me I would say yes. 3 years ago, I got a complete unmolested car for next to nothing that turned out to be basically sound. All it needs to make it into a good condition car is a respect. Looking at values now, the amount the value will raise by with the respray is possibly more than the cost of the respray itself. But then rising values are bad if your on the lookout for a cheap project, and if you don't intend to ever sell your P6 then values are largely irrelevant. I wonder if it will lead to more cars being restored, but maybe to a lower standard to make a quick buck.
What does everyone else think?
Tom