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Hi NMS members :cool:
I'm looking for a tidy lowish miles and low owner GP1
Attachment 7556
preferably in Scotland but will travel for the right car
If you have one or know anyone who's might be able to help I'd really appreciate a PM :computer:
thanks
Simon
Having had two now I would suggest that you’ll need to travel for the right car. They are few and far between just now but seem to come up in blocks back and forward. If you ask the right questions before you set off you shouldn’t get any wasted journeys.
If I was looking at any just now I’d be looking towards this one for starters ... a bit on the heaven side price wise but I’m sure a bit of negotiating will sort that ..
eBay number 332804439298
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By the looks of the prices on eBay GP1499 is worth more than I thought.
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Sent from Yorkshire wi a hint o’ sarcasm.
Yes, that's the one that sticks out, I spoke to the garage about it last week
a bit pricey, but has the low miles and Service History
this one looks interesting ?
https://www.pistonheads.com/classifi...e-rain/9012061
end of the summer show season has seen a few coming to the market
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(GP #1499) just goes to show...some things do go up :cool:
That’s about the right kind of price for a stupidly low mileage GP.Quote:
Originally Posted by elgassi
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Yeah, my mod list is forever going up.
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Sent from Yorkshire wi a hint o’ sarcasm.
Yeah you’re right pete with that mileage it’s always going to command top money. It’s probably worth that too if it’s as good as it looks !
1499 staying on in the Morgan family ?
Sadly not Davy.Quote:
Originally Posted by EcosseGP
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It’s not turned a wheel for nearly a full year and that wee beasty needs to be driven.
I keep thinking about keeping it but I just have no use for it anymore.
The R59 JCW is just a much better all round car as a daily, a hooner and a show car.
No matter where I’m going the Roadster would always be my first choice.
...plus it’s a lot more rare than GP1499 is.
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I’ve always said that I would never own a Garage Queen and I’m not going to start with a GP.
It’s more like a Garage Tramp at the mo though.
lol
Sent from Yorkshire wi a hint o’ sarcasm.
That’s ok it’ll just need a wee run Pete if you’ve had it on a charger it’ll fire up first time I bet. Should I pop down to give you a hand to get it sorted ?
Quite a coincidence, I believe your 2 x GP1 build numbers ended '74' cool:Quote:
Originally Posted by EcosseGP
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#1474
No thanks Davy, but thank you for the very kind offer.Quote:
Originally Posted by EcosseGP
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Sent from Yorkshire wi a hint o’ sarcasm.
My 2p...
If you're actually going to drive it, low mileage isn't great IMO as seals dry out, and things go wrong with cars that stand about - cars respond best to regular usage. Plus there's the issue of destroying the value by putting miles on it. Also, a GP isn't that different from an R53 to warrant the premium if you're actually going to drive it - the money saved buys a lot of mods...
Also, don't be sure that just because cars are up for sale at a price, that they're actually worth that and selling for that. There's a lot of people being sucked along on the whole modern classic/investment bandwagon and it's just nonsense. You need to find out what cars are actually selling for, and I bet it's a lot less than the advertised prices. Brexit etc, and the natural cooling of the market after the rapid growth of 2014/15 means a lot of sellers are both delusional, and unwilling to accept a realistic value or take a loss. You only need to look at someone like Hexagon to see inflated prices that cars will not sell for. E39s being one example of some prices just getting silly.
If you really want a GP then great, but study the market to see what actually sells at what price if possible. The market is flat (for investment/collector cars) and it's the wrong time of year - but a lot of sellers are refusing to drop their price to acknowledge the new reality. I thought about selling a car this summer, and the offers to buy were substantially less than what similar cars were for sale for.
Just keep all that in mind - there's a lot of people that think 'my car is worth x' which is fair enough when it comes to guaranteed value for your insurance; but your car is only worth what someone is willing to actually buy it for on that day.
thanks, great advice :thumbs up:
I can see buying an R53 is the sensible option, cheaper initial purchase, more choice (colour & quantity) if modifying was your chosen route, then yes you could probably build a car to your preferred spec and still have change compared to buying a low mileage GP for say 17k
I know a few of the pitfalls of storing long term garage queens, it's not as straight forward as parking and leaving, they need regular attention to preserve their value and road worthy condition...which all comes at a price
recently I sold a couple of stored cars... one of them made me the grand total of £100 :smilewinkgrin:
So it's not all about profit, sometimes you fancy a car whether to use it as a daily or just to pamper, polish and use it for Show & Shines
The good low mileage GP's seem to be selling well as are a most of low mileage classics whether it be Subaru, Ford or Mitzi, everyone keeps talking about the Classic car 'bubble' bursting, but it hasn't yet, a lot of 'newer' Classics, Scoobs & Evo's are getting near the 25 year old mark, this opens the market to USA, so this could be helping to keep the money strong who knows
You just have to look at KGF or RS direct's web sites to see the prices they are asking and getting
Valid points :thumbs up:
I know on one of my cars I've lowered the guaranteed value by a decent bit since 2016 - cars the same just aren't selling for what folk are asking, as you can tell by how long some of the ads have been up for. Classic Ford prices on the other hand don't seem to be slowing - but folk are getting pickier; anything not 100% isn't shifting at the high end of prices.
The 25 year USA rule is a great point, especially for 'Fast and Furious' type cars they maybe didn't get first time around - R34 Skyline being one. The biggest thing is normally when folk who wanted a car in their youth but couldn't afford it, get into their 40s, kids have left home, get a bit of disposable income and buy it then.
In terms of the market cooling, stuff under say £50k hasn't been affected so much but the six-figure stuff is really struggling to shift - especially at this time of year.
cars are a bit like houses
In Scotland property up to 300, 325k are selling well, anything over say 475k is struggling, the LBTT tax has knackered the market and staggered the high end sales
I have seen the higher value house prices dropping dramatically over the last 18 months and will keep on dropping as people can't see why they should hand over 20 odd grand in tax (which can't be added to your mortgage)
As with cars though...good house will always find a buyer
The Ford Focus MK3 Heritage Edition car, now that was a car to have got your hands on 2 or 3 months ago when it was released, rrp <40k to keep it in the lower tax bracket, now selling at........................................ wait for it 70k - for a Focus madness or what (only 50 orange Heritage editions supplied)
Did I not read recently that a mint Mk1 Escort went for 71K.......:thud: *thinks.....wish i'd kept mine...:Whistle:*
There's been a few Fords have made silly money at auction the last couple of years - RS500 Sierra (I think) also went for the best part of £100k IIRC.Quote:
Originally Posted by Big Gordy
But these aren't cars - these are garage ornaments with silly low mileages on them that can't and will never be used. Absolute travesty IMO, buy a car to drive it and expect depreciation - if it doesn't depreciate by much then happy days.
Personally I wouldn't be buying these kind of cars at that kind of money - if the market wakes up a bit to the overpricing of some models, what are you actually left with - an old Ford, admittedly a nice one but still an old Ford
^ you're spot on, a lot of people have been talking about the 'bubble' bursting, some models the prices seems to be flying
one I would have liked but missed Lancia Delta Integrale
https://www.pistonheads.com/classifi...dition/4907535
My search for a Mini is complete, I listened to reason and bought myself a nice R53 in the best colour combo DS wth black roof, oh and double sunroof
it looked manky when i got it home today, so gave it a wee clean to see how bad it really looked, it's not too bad really
Hopefully i'll get to spend sometime doing it up after all my decorating, bathroom fit out and other house rebuilding jobs are over...are they ever over or do the goalposts just keep getting moved :argh:
now the mods list for the R53 first job has to be the underside powder coating, re bushing, new droplinks control arms etc, get that solid, then move onto brake pipes, calipers, disks, suspension and on and on...it may be a long haul, but hey ho who cares, it'll be fun
couple of before and after picture of the first clean (of many lol)
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Best of luck with it - seems you have lots of plans. I see it’s got newer style wheels on it already [emoji2]
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the weather and roads are cruel to our cars, after 14 odd years I'm pretty sure the underside will be riddled with our old enemy the rust worm :ragin:
I dare say all the nukes and crannies will be full of lush muck, gravel and grit just waiting to soak up our rain and salty droppings, becoming areas where Mr rust loves going, the awkward hard to treat, knuckle scraping, tightest spots you could dream of...the joys of cars
here's a picture of my scoob, I spent ages cleaning, so with time and patience it's doable without making it a complete cheque book car :hand:
Good luck in your quest to get the wee buggy back to a manageable state. I’ve been there and done that too and whilst it’s hard work to start with I always feel it’s worth the effort when it’s done. Everything is so much easier to sort but I know it can be a thankless task once you start but when it’s done and you stand back and look at it I always feel it’s been worth the blood sweat and broken bolts lol.
Sometimes I’ve also found that it’s easier and cheaper to replace parts than clean and refit them.
Looking forward to seeing the progress ...
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^ cheers fella, I've got a few jobs in front of this, but I can't wait to get started
Qu are there any decent breakers in Central / Perth area that get more MCS's in than other breakers or is it just pot luck ?
I don’t think there’s many breakers full stop now. I do most of my parts shopping on line now although most of its new as it’d be just my luck to buy something that would only last a week.
I’ve a few new R53 parts somewhere too that I’ll need to dig out they may be of use to you ...
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I've bought quite a few bits from these guys and all parts have been sound, in good nick and easy to deal withQuote:
Originally Posted by elgassi
http://www.mintechspares.co.uk/
cheers Pal, love that avatar, more pics please :yes nod: