Valuation advice - my00 classic
22 May 2010, 03:35 PM
#1
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Valuation advice - my00 classic
Anyone give me some idea what my car might be worth by way of a private sale as against trade in - its a mica blue classic, just over 112k miles on the clock. Remapped by Bob Rawle to around 283bhp back in June 07 - new fuel pump had been fitted for the remap - and never missed a beat since. Regular servicing. Middle and rear H&S sections. Set of Toyo Proxes 215x40x17 fitted a couple of months ago and at the same time had the wheels refurbed and sprayed. Drilled and grooved discs a couple of years back. Mudflaps.
Generally a decent tidy looking motor, good paintwork save for a few small stone chips to the bonnet; seats could do with a clean but no tears, rips etc. Non-smokers. Thank you.
Generally a decent tidy looking motor, good paintwork save for a few small stone chips to the bonnet; seats could do with a clean but no tears, rips etc. Non-smokers. Thank you.
23 May 2010, 11:46 AM
#6
I think I'd have to disagree. Mods carried out the right way - and more to the point that are properly mapped for - as proven by a car running reliably with them for several years afterward, should definitely qualify as an enhancement and therefore increase the value, even if only a little.
It's not as if on a car this age the warranty's being invalidated, after all.
23 May 2010, 12:15 PM
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Mods carried out well may increase the value of a car to buyers who want a modified car; to the rest of the market they reduce the value by the cost to put it back to standard.
I suppose you could argue that the Classic Impreza has reached an age where a reasonable proportion of the market want mods. However, if I wanted to modify a car I would rather start with a clean unmodified one.
I suppose you could argue that the Classic Impreza has reached an age where a reasonable proportion of the market want mods. However, if I wanted to modify a car I would rather start with a clean unmodified one.
Last edited by SimonD; 23 May 2010 at 05:25 PM.
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23 May 2010, 05:41 PM
#9
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Of course not ..... 
But, seriously, I have yet to meet someone who wants someone else's modified car - it just doesn't happen that often.
The modified car owner wants to try to recoup the cost of the mods. .... so, consequently, a modified car has a higher asking price than a clean one of the same age and condition.
Therefore the clean car gets the buyers - the modified one suffers ....
But, seriously, I have yet to meet someone who wants someone else's modified car - it just doesn't happen that often.
The modified car owner wants to try to recoup the cost of the mods. .... so, consequently, a modified car has a higher asking price than a clean one of the same age and condition.
Therefore the clean car gets the buyers - the modified one suffers ....
23 May 2010, 06:12 PM
#10
Both arguements are true, there is no right and no wrong answer.
If a car is moddified in the right way then its highly likley costs will never be fully recovered, but can sometimes help sell a car, and providing you know this when your modding why not do it and have some fun in it whilst you own it.
However like most people I know that come to sel a car that has been highly moddified they usualy put the car back to standard and sell on all the parts to help re-coup the costs of their fun, and help the saleability of a standard car. And then there is those that just do not have the standard part and want to sell the car as is.
I had well in excess of 8.5k in my last Scoob, which I sold it for 6.5, but it was great fun modifying, and plenty tears to!
But the point is although I had put plenty aftermarket parts on the car and the car from the outside appeared relativly standard I got around 1.5k - 1k more than the going price for my car in standard version, thus I weighed up the pros and cons of putting it back to standard and it just didnt stack up. By doing this I would get the cost of about £700-£1000 back on eBay for the unboltable items, plus I would need to rebuy some items back such as the standard TD04 which I didnt have. Then there is the Labour for all my efforst.
I feel that although I lost around 2k over the year I owned the last car I still found that it was worth it just to have that large grin whilst driving, and if done properly the saleability of the car will not be jeporadised although you need to know that sometimes you cannot recover all costs.
Sorry im stopping here, I got rambling - must be the weather!!!! and beer ;-)
If a car is moddified in the right way then its highly likley costs will never be fully recovered, but can sometimes help sell a car, and providing you know this when your modding why not do it and have some fun in it whilst you own it.
However like most people I know that come to sel a car that has been highly moddified they usualy put the car back to standard and sell on all the parts to help re-coup the costs of their fun, and help the saleability of a standard car. And then there is those that just do not have the standard part and want to sell the car as is.
I had well in excess of 8.5k in my last Scoob, which I sold it for 6.5, but it was great fun modifying, and plenty tears to!
But the point is although I had put plenty aftermarket parts on the car and the car from the outside appeared relativly standard I got around 1.5k - 1k more than the going price for my car in standard version, thus I weighed up the pros and cons of putting it back to standard and it just didnt stack up. By doing this I would get the cost of about £700-£1000 back on eBay for the unboltable items, plus I would need to rebuy some items back such as the standard TD04 which I didnt have. Then there is the Labour for all my efforst.
I feel that although I lost around 2k over the year I owned the last car I still found that it was worth it just to have that large grin whilst driving, and if done properly the saleability of the car will not be jeporadised although you need to know that sometimes you cannot recover all costs.
Sorry im stopping here, I got rambling - must be the weather!!!! and beer ;-)
23 May 2010, 06:42 PM
#11
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the final price is a function of time
if you want a valuation based on the need to sell in the next 96 hrs it will be different to the valuation based on the need to sell in 3 mths
96 hrs = 1950.00
3 mths = 2500.00
price too high and you will not get any calls at all
if you want a valuation based on the need to sell in the next 96 hrs it will be different to the valuation based on the need to sell in 3 mths
96 hrs = 1950.00
3 mths = 2500.00
price too high and you will not get any calls at all
24 May 2010, 09:44 AM
#15
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The price would also depend on number of owners and service history. I will probably get another classic at some point and I would avoid cars with over 5 owners and ones with patchy service history.
25 May 2010, 08:51 AM
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I was looking for a modified car when i bought mine as i've already been down the route and expense of starting from scratch a couple of times. I just wanted basic mods to start me off (wheels, exhaust, re-map and slight body mods) and i found it difficult to find one. It was either a standard car or a seriously modded one for serious money, so i've had to do the mods myself again, although it did have decent wheels. I think a MY00 classic with a few basic mods done right is prob worth about £500 more. But as said, that's if your not in a rush to sell
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