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When Should you have bought your classic ?
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ukdave2002



Joined: 23 Nov 2007
Posts: 4231
Location: South Cheshire

PostPosted: Mon Aug 19, 2013 8:33 am    Post subject: When Should you have bought your classic ? Reply with quote

This question came to mind after a mate came back with a 2004 MGF that he had picked up from an auction......

The car looks quite tidy, runs ok, MOT until April 2014, came to auction via a main dealer who had taken it in as a part ex....sold at auction for £410 Shocked

Got me thinking at what time would my MGA have been at rock bottom prices? possibly the late 60's early 70's when it would have looked dated compared to the MGB, what about your own car? when would it have been a bargain basement runabout?

Dave
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Rick
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Joined: 27 Apr 2005
Posts: 22779
Location: UK

PostPosted: Mon Aug 19, 2013 7:02 pm    Post subject: Reply with quote

As pre-war cars are of most interest to me, I think the time to buy would have been in the early 1960s, just as the ten-year-test (MOT) was being introduced. Many interesting cars ended up in scrapyards due to them having faults that rendered them all-but worthless. Rich pickings to be had for those with the spare cash, and space to store cars under cover.

RJ
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peter scott



Joined: 18 Dec 2007
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Location: Edinburgh

PostPosted: Mon Aug 19, 2013 7:19 pm    Post subject: Reply with quote

After being rescued from a scrap yard my car was back on the road in 1965 and sold for £18. That is about £260 in today's money.

Peter


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Ellis



Joined: 07 Mar 2011
Posts: 1386
Location: Betws y Coed, North Wales

PostPosted: Mon Aug 19, 2013 10:48 pm    Post subject: Reply with quote

The best time to have bought a Jaguar Mark 2 would have been in the mid to late 1970s.
There were many low mileage nice condition cars with one or a low number of owners for sale then privately. Jaguar dealers, then more numerous - there were three in North Wales - didn't want them in part exchange against new XJ6s.
£400 or less would have bought an excellent 3.4 or 3.8 in 1976. By the early 1980s many that were left were formerly owned by young "ton up" merchants and on their last legs bodily and mechanically.

The Jaguar "S" Type fared even worse. In 1981 I was offered my father's former 1965 3.8 "S" Type which he had bought in 1966, CEY 792C for only a few pounds after it had found it's way,somehow, to a nearby village.

The then proprietor of Riverbank Motors in Shotton, North Wales, a well known Jaguar parts specialist in the early 1990s told me that in 1970 when he was in the RAF he bought a Jaguar XK150 dhc from an officer for £15 to upgrade the brakes on his XK140 and to provide a better set of wheels and tyres !
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JC T ONE



Joined: 30 Oct 2008
Posts: 1139
Location: Denmark

PostPosted: Mon Aug 19, 2013 10:51 pm    Post subject: Reply with quote

Some time ago, a few old (early 70ies) adverts were reprinted in Classic & Sportscar.

I seem to remember a Merc 300 Gullwing was 1500 pounds Shocked
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Last edited by JC T ONE on Thu Aug 22, 2013 12:00 am; edited 1 time in total
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Ashley



Joined: 02 Jan 2008
Posts: 1426
Location: Near Stroud, Glos

PostPosted: Wed Aug 21, 2013 9:03 am    Post subject: Reply with quote

JC T ONE wrote:
Some time ago, a few old (early 70ies) adverts were reprinted in Classic & Sportscar.

I sem to remember a Merc 300 Gullwing was 1500 pounds Shocked


That's right! We nearly bought a beauty off Coombs of Guildford in the early seventies for £2200. Our E Type was worth £1100 and it would have been quite a stretch, so I asked a friend who'd looked after one for a customer. His advice was leave well alone. Terrible brakes, unpredictable handling, cramped cockpit, excess engine heat and not a great drive. They're £500,000 now.

I sold my DB5 for £1350 in 1975 and my Silver Dawn a year later for £3000.

They'd have cost a fortune to keep and I had a young family, so didn't go back to Classics for nearly twenty years.
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kevin2306



Joined: 01 Jul 2013
Posts: 1359
Location: nr Llangollen, north wales

PostPosted: Wed Aug 21, 2013 10:06 am    Post subject: Reply with quote

in the mid 80s i was an apprentice joiner and the joiner i worked with at the time part-ex'd his 1972 e type against an alfa romeo gtv, when i say part ex i mean he gave his e type and money in return for the other car! how mad is that given the current value of each motor...
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MikeEdwards



Joined: 25 May 2011
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Location: South Cheshire

PostPosted: Wed Aug 21, 2013 10:33 am    Post subject: Reply with quote

I've got quite a few magazines from the mid-70s when my car was new, and a lot of the classified ads in the back of them are amazing, though it is easy to forget how long it took the average man in the street to earn that kind of money back then.

"1960 Maserati 3500GTO left-hand drive coupe, urgent sale, hence bargain price £550 ono" or a Daytona for £5150.
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MikeEdwards



Joined: 25 May 2011
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Location: South Cheshire

PostPosted: Wed Aug 21, 2013 10:35 am    Post subject: Reply with quote

Ashley wrote:
I sold my DB5 for £1350 in 1975 and my Silver Dawn a year later for £3000.


A mate of mine did a similar thing, if I have the chronology correct he part-exed his DB5 (or maybe AC Ace) for a Humber Sceptre. But back then it was just a thirsty car with a complicated engine that kept going wrong.
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badhuis



Joined: 20 Aug 2008
Posts: 1467
Location: Netherlands

PostPosted: Wed Aug 21, 2013 12:56 pm    Post subject: Reply with quote

I never paid much for my cars, always less than 4000 pounds. Bottom side is that they still are not worth very much Very Happy
Jensen Interceptor Mk1 has doubled since 2002
Austin Westminster A110 maybe also doubled since 1995
Sunbeam Chamois same price as 30 years ago (little above scrap value!)
TR4 three or four times the price I paid in 1994
Austin Champ scrap value 3 years ago, still can be found for next to nothing.
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JC T ONE



Joined: 30 Oct 2008
Posts: 1139
Location: Denmark

PostPosted: Wed Aug 21, 2013 11:55 pm    Post subject: Reply with quote

MikeEdwards wrote:
I've got quite a few magazines from the mid-70s when my car was new, and a lot of the classified ads in the back of them are amazing, though it is easy to forget how long it took the average man in the street to earn that kind of money back then.

"1960 Maserati 3500GTO left-hand drive coupe, urgent sale, hence bargain price £550 ono" or a Daytona for £5150.


Yes - money had a different value back then.

I begin to understand , why people in Denmark was uproared ( it was 1973 after the last oil/fuel crises)

about the price for my car = Wood & Pickett charged 5300 pounds Shocked
You could get a LOT of car for that money in 1973 .
Its no wonder these Coachbuild cars are soo rare.
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JC T ONE



Joined: 30 Oct 2008
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Location: Denmark

PostPosted: Thu Aug 22, 2013 12:04 am    Post subject: Reply with quote

peter scott wrote:
After being rescued from a scrap yard my car was back on the road in 1965 and sold for £18. That is about £260 in today's money.

Peter




Such a nice car Cool
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baconsdozen



Joined: 03 Dec 2007
Posts: 1119
Location: Under the car.

PostPosted: Thu Aug 22, 2013 8:48 am    Post subject: Reply with quote

I wish I could have the loan of a time machine.
I'd go back to when I was clambering over Mk1 consuls,Ford Prefects and Mk2 jags to remove parts for some project or another and rescue some of them.
Id stop myself from selling my Mk7 jag with the number plate RBP123 for a couple of hundred quid and take the BSA A10 and DBD34 Gold Star out of my shed and store them.
Hind sight is such a useless thing.
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ChrisD



Joined: 03 Dec 2012
Posts: 78
Location: South Wales

PostPosted: Thu Aug 22, 2013 9:41 am    Post subject: Reply with quote

Hopefully this should be of interest. Best used small car budget buys circa Dec 1968 from Hot Car mag!



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peter scott



Joined: 18 Dec 2007
Posts: 7211
Location: Edinburgh

PostPosted: Thu Aug 22, 2013 10:10 am    Post subject: Reply with quote

JC T ONE wrote:

Such a nice car Cool


Thanks Jens. Cheap too!

Peter Wink
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