P6 values

B

badrover

Member
Thought I would post this. I know it's an only an estimate but it's one of a number of mint v8s that have been advertised for strong money over the last few months.

http://www.angliacarauctions.co.uk/en/c ... -series-2/

Meanwhile, at the other end of the market, the relatively recent days of buying a v8 spares car for £250 are long gone. You'd need to spend over double that money now. Is this evidence that our cars are finally being recognised for what they are? Is this good news for owners or will it have a knock on effect on the cost of parts?
 
As/when the interest rates go up here we'll see the true mettle in what's happening.

Prices for all P6's have markedly risen, but this is across the board in classic cars as people invest in them rather than putting money in the banks.

We wait and see what happens in the economy to truly gauge where we are as regards specifically P6's.

Cheers
Nick
 
Well, it is an E, but it is far and away the least sellable of Es. It is 2+2, Series 1.5 which means for a N.American car that it will have Stromberg CD carburetters, be about 25% less powerful than a European spec car , and have the rather low gearing that N American cars had ( usually 3.54 instead of 3.07). It also has aircon which paradoxically is regarded as a big demerit mainly because it makes a terrible mess of the underbonnet layout and has very ugly interior fittings. Add to that the fact that it has been converted from an automatic car and that it is still LHD and you will get the idea that this is not a terribly attractive proposition. I have seen auto 2+2s go for less than 10K within the last 2 years, and some have failed to sell at all within the last few months , and despite the sudden rise in E type values, I am not sure that the estimate is that wide of the mark . We shall see
 
NickDunning said:
We wait and see what happens in the economy to truly gauge where we are as regards specifically P6's.
Click to expand...
I agree. I think when interest rates do rise we will really see what a recession is. Top-end classics will still fetch a lot of money (though we'll probably see a bit of a 'correction'), but bottom-end cars like most P6s will struggle because they'll tend to be bought by people with less ready cash!
 
Phil Robson said:
NickDunning said:
We wait and see what happens in the economy to truly gauge where we are as regards specifically P6's.
Click to expand...
I agree. I think when interest rates do rise we will really see what a recession is. Top-end classics will still fetch a lot of money (though we'll probably see a bit of a 'correction'), but bottom-end cars like most P6s will struggle because they'll tend to be bought by people with less ready cash!
Click to expand...

There is an element to say that if you have a really minty P6 at the moment and are thinking of selling - now is the time to do it.

Same as my mid-terrace ex-local authority 3 bed house in Godalming - I doubt it'll ever be valued any more than it is now on the market than it (theoretically) would be at the moment.

Cheers
Nick
 
Phil Robson said:
NickDunning said:
We wait and see what happens in the economy to truly gauge where we are as regards specifically P6's.
Click to expand...
I agree. I think when interest rates do rise we will really see what a recession is. Top-end classics will still fetch a lot of money (though we'll probably see a bit of a 'correction'), but bottom-end cars like most P6s will struggle because they'll tend to be bought by people with less ready cash!
Click to expand...

There is an element to say that if you have a really minty P6 at the moment and are thinking of selling - now is the time to do it.

Same as my mid-terrace ex-local authority 3 bed house in Godalming - I doubt it'll ever be valued any more than it is now on the market than it (theoretically) would be at the moment.

Cheers
Nick
 
Prices are still seriously depressed over here, so if uk values continue to rise it may be worth considering importing! Most Irish P6s started life in the UK you should in theory be able to recover the original reg.
Regards,
Dave
 
Going back to the E type, I have studies the pictures more closely, and I see that this is , in fact, a car with 3 SUs - it must have been converted from the Strombergs at some stage - probably when all the paint was taken off the bonnet frames ! This does make it more desirable than I thought , because these days the conversion costs the thick end of £3000, and sometimes rather more than that
 
You made some interesting points anyway about that E-type Christopher. Time will tell.
But I do have some good form in my little game with Anglian. :D Previously I picked out several including a Land Rover Series 3 and "barn find" Simca pickup that went for double their estimates.
If I lived closer, I'd have brought at least one Rover P4 home by now - they've often been over-represented and under-bid!
 
With older vehicles I try not to invest heavily money wise but don't count the hours I might spend on improvement because I enjoy this part !
Value to me is not so important.
When sold my costs are usually covered (excluding my time) - in effect a free hobby.
Classics in exceptional condition (including P6's) usually command a premium regardless of econonomic climate.

Mark.
 
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For Germany I can say that the interest in P6 increases since about 2 years - and the prices are rising. Not long ago a very good 3500 V8 S2 has been sold for approx. £14.400.

Believe it or not: currently I know more potential German buyers that adequate P6s for sale over here. So I often had / have to say´"Look for P6s outside Germany" :(

Rudiger
 
That sold at the asking price Rüdiger? I should have taken that never welded S2 at half that price late last year from Vienna. I'm kicking myself now. The problem being moving house at that time.

Mine was €1800 last year on a good day now everythings sorted if it were a UK car I'd be looking at £2.5k which would equate to €3.2k and about break-even for me. I'd not know where to start here in Switzerland value wise.

There simply aren't enough cars here unlike the UK to establish a market price. The one at 19k CHF (£12,500) looked no better than many in the UK I'd seen at £3.5k and was accident damaged. If I were in Germany I'd look to the Uk and live with RHD if it were a high days and holidays car (is that possible? Here in CH RHD is allowed).
 
Of course you can drive a RHD car here in Germany :)

I don´t know if the buyer paid 18.000 € but according to the very good condition of the car I don´t guess that the seller had reduced the price.

Rudiger
 
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