How do you see the future values of the ZT-T260
Discussion
So long as they're looked after, I reckon this is as close to depreciation-free motoring as you're going to get now.
I paid £12,700 for mine 16 months ago including 12 month dealer warranty and AA cover. Since then, I've put around 18k on the clock, yet if I were to put it up for sale (which I won't) I'd expect to get £11k minimum for it.
It is worth remembering that these are extremely rare cars. In total, including development cars, 883 were made (also includes Rover 75 V8s).
The rarest version of the lot is the R75 Tourer, of which there are 10, followed by the Mk1 ZT-T, of which there are 27, including the 720-odd BHP beastie that set the World landspeed record for an estate car (228mph) and mine, of course.
I've not got the numbers exactly for the other models, but there are around 180 Mk1 saloons.
One thing that will be interesting to see is whether at some point the '06' registered cars - Band G tax, £400 next year - will actually fall below the earlier Mk2 cars in value, whilst another will be to see whether Mk1 or Mk2 cars take the premium over time.
I paid £12,700 for mine 16 months ago including 12 month dealer warranty and AA cover. Since then, I've put around 18k on the clock, yet if I were to put it up for sale (which I won't) I'd expect to get £11k minimum for it.
It is worth remembering that these are extremely rare cars. In total, including development cars, 883 were made (also includes Rover 75 V8s).
The rarest version of the lot is the R75 Tourer, of which there are 10, followed by the Mk1 ZT-T, of which there are 27, including the 720-odd BHP beastie that set the World landspeed record for an estate car (228mph) and mine, of course.
I've not got the numbers exactly for the other models, but there are around 180 Mk1 saloons.One thing that will be interesting to see is whether at some point the '06' registered cars - Band G tax, £400 next year - will actually fall below the earlier Mk2 cars in value, whilst another will be to see whether Mk1 or Mk2 cars take the premium over time.
Note the bit in brackets! Definitely not for sale! 
What rubbish!
As if you would get £11,000.00 for it. There is one for sale at a dealer for £12,995.00. That is the asking price. No doubt they would take less.
That car has done 1,900 miles and is a 56 registration plate. Yours is an 03 plate.
With a dealer you get a warranty, trade in, finance, legal come back. You can offer none of that.
Who is going to pay you £11,000.00 for a 4 year old car when they can have the dealer's almost now car for less than £2,000.00 more?
Do you think you will get £11,000.00 for yours in part-exchange in the light of what is said above.
As if you would get £11,000.00 for it. There is one for sale at a dealer for £12,995.00. That is the asking price. No doubt they would take less.
That car has done 1,900 miles and is a 56 registration plate. Yours is an 03 plate.
With a dealer you get a warranty, trade in, finance, legal come back. You can offer none of that.
Who is going to pay you £11,000.00 for a 4 year old car when they can have the dealer's almost now car for less than £2,000.00 more?
Do you think you will get £11,000.00 for yours in part-exchange in the light of what is said above.
RedTuscan said:
What rubbish!
As if you would get £11,000.00 for it. There is one for sale at a dealer for £12,995.00. That is the asking price. No doubt they would take less.
That car has done 1,900 miles and is a 56 registration plate. Yours is an 03 plate.
With a dealer you get a warranty, trade in, finance, legal come back. You can offer none of that.
Who is going to pay you £11,000.00 for a 4 year old car when they can have the dealer's almost now car for less than £2,000.00 more?
Do you think you will get £11,000.00 for yours in part-exchange in the light of what is said above.
Well of course I'm only basing my information on the 300 or so I've seen in the owners' club (which is a reasonable proportion of the 883 made), so I am of course willing to bow down to your clearly superior knowledge based on one you've found advertised. As if you would get £11,000.00 for it. There is one for sale at a dealer for £12,995.00. That is the asking price. No doubt they would take less.
That car has done 1,900 miles and is a 56 registration plate. Yours is an 03 plate.
With a dealer you get a warranty, trade in, finance, legal come back. You can offer none of that.
Who is going to pay you £11,000.00 for a 4 year old car when they can have the dealer's almost now car for less than £2,000.00 more?
Do you think you will get £11,000.00 for yours in part-exchange in the light of what is said above.
Slightly irrelevant given that I have no intention of selling it anyway, but a few further questions would help to clarify...
Firstly, can I take it that you are referring to the Ignition Blue one for sale at David Hendry?
If so, then let's start with the fact that as you say, it's a 56 plate. As you might've noticed, MGR had been out of business for 2 years by the time 56 plates were registered. In other words, this car sat around in a field somewhere for 2 years not being used. It therefore doesn't command the premium that a car which was actually manufactured in 2006 would. If anything, the fact that it is on a 56 plate counts against it, as this means that unlike any of the cars registered on an 06 plate or earlier, it falls into band G for tax, so to give it a year of VED, you're looking at £300 this year and £400 per year thereafter, compared to my £210. I can get a very good warranty for less than that £190 difference, so that blows that argument away, and dealer finance? What sort of financial cripple takes out dealer finance on a second hand car? They're not generally offering the nice 0% finance you see advertised on new cars!
Now let's move on to the fact that it's a saloon, not a tourer. The tourers generally command a premium of between £500-£1,000.
It is also a Mk2 saloon, which makes it the most widely available type, at around 450 to choose from. It is difficult to determine how much of a premium the Mk1 tourer would carry over that as there were only 27 of these made, including those used and destroyed as part of the development process and the one heavily modified for the Bonneville land speed record run and I've only seen 1 other come up for sale in the last 2+ years, but if someone wants one, they can't afford to haggle much, as if a seller says no, they're going to struggle to find another, so it's fair to assume at least another £500+
Now let's move on to the trim level. Mine is an SE, the one at Hendry's isn't. It does, granted, have the leather & alcantara option fitted, but a few of the things it doesn't have include:
- Satnav
- TV
- Harmon Kardon stereo upgrade
- Heated seats
- Electric seats with 3 position memory on driver's seat
- Rear electric windows
- Sunroof
- 6 CD changer
- Auto-dimming rear view mirror
- Rain sensing wipers
So, in summary, you've decided to come on here to have a rant at my post for whatever reason, despite the fact that you clearly have no idea what you're talking about and have done bugger all research to back up your argument. You seem to think you're comparing two identical cars where one is brand new and the other is 4 yrs old. In fact, in the blue corner we have a lower-spec car with a VED disadvantage which has been sat in a field for 2 years, and in the green corner, we have a much rarer 4yr old car with higher mileage which has been in regular use and properly serviced and with a lower tax burden, a body type which carries a premium and a far longer list of standard equipment.
Also, you assume that the dealer will discount heavily. In most cases, this has not been the case, as the dealers often bought these cars before the real nosedive in price, so they are already selling them at a loss, and really can't afford to go much lower.
Finally, did I suggest that I thought I would get an £11k trade in for it? I would be mad to sell my car as a trade in. Given it's rarity value, the only way I'd ever consider selling it to get the most out of it would be as a private sale, and under those circumstances, I don't think it would take me too long to get £11k for it.
Still want to argue?
If so, go away, research your material, then come back and try again.
I would reach for the popcorn, but I doubt he'll be back
RedTuscan said:
I do not need to argue!
Glass's guide for your car:
Excellent Condition £9,740.00
Average Condition £8,710.00
Below Average £7,660.00
Ooh! Glass's! Glass's guide for your car:
Excellent Condition £9,740.00
Average Condition £8,710.00
Below Average £7,660.00
Given that only 2 of the 27 cars (and note that this includes both trim levels) have come up for sale in the last 18 months, do feel free to explain how Glass's have found a large enough sample to work this out?ETA - I've just been to check myself.
Glass's Guide said:
Sorry, we couldn't value your vehicle.
Otherwise known as... we have no information on which to calculate a resale value because it's too rare to produce a statistically reliable result.ETA - Glass's don't recognise any model of MG registered after a 2005 '55' plate (ie, after MGR went bust). Given the thousands of MGR cars registered since the fall of MGR, including the one you chose to compare mine to, Glass's really aren't covering themselves in credibility when it comes to putting an accurate figure on MGR products, are they?
Edited by Kermit power on Thursday 6th September 16:29
Edited by Kermit power on Thursday 6th September 17:15
OK - A little more info on the Mk1 ZT-T for those interested!
There were 26 produced in total. The last 3 digits of their VINs - sufficient to identify them as there were only 883 V8s of all variants including the Rover 75 V8 and they were sequentially numbered from 001 - were the following:
004, 014, 015, 016, 018, 019, 022, 023, 025, 026, 029, 033, 034, 036, 039, 123, 154, 160, 177, 190, 197, 206, 210, 211 & 213
Of these, some are worthy of further comment.
004, 014, 015 & 016 are, or were - we (the Owners' Club) don't know if they survived - development cars.
Either 018 or 109 (my car) was the car used to gain Low Volume type approval for the V8s. If anyone knows how I can confirm which it was, I'd be interested to hear from them!
014, in addition to being a pre-production car, was also LHD and supercharged.
015, 190 & 210 are all LHD, and the last two - both automatics - are in Australia.
023 is not registered as an MG! It is in the States, and registered as a Mustang-derived kit car!
Brilliant way to get round the fact that it is totally unapproved for sale there! Apparently it went over to do some testing, and never came back.
206, according to the VINs, seems to be the only one in entry level spec.
Also, it is highly probable that at least one or two of the later cars are actually driving around with Mk2 front and rear ends and badging, as there was some sort of PR cockup over the launch of the Mk2 which meant that they didn't actually have any Mk2 cars to give to the press!
They therefore pulled a small number of Mk1 cars off the production line and mocked them up as Mk2 press cars.
So, in summary (sorry Gazza) there are, at most, 19 production Mk1 Tourers in the UK, assuming that no more RHD cars have found their way to foreign climes like 023, or been written off in accidents. Given the Mk1/Mk2 crossover, 17 is more probably the correct number.
There were 26 produced in total. The last 3 digits of their VINs - sufficient to identify them as there were only 883 V8s of all variants including the Rover 75 V8 and they were sequentially numbered from 001 - were the following:
004, 014, 015, 016, 018, 019, 022, 023, 025, 026, 029, 033, 034, 036, 039, 123, 154, 160, 177, 190, 197, 206, 210, 211 & 213
Of these, some are worthy of further comment.
004, 014, 015 & 016 are, or were - we (the Owners' Club) don't know if they survived - development cars.
Either 018 or 109 (my car) was the car used to gain Low Volume type approval for the V8s. If anyone knows how I can confirm which it was, I'd be interested to hear from them!
014, in addition to being a pre-production car, was also LHD and supercharged.
015, 190 & 210 are all LHD, and the last two - both automatics - are in Australia.
023 is not registered as an MG! It is in the States, and registered as a Mustang-derived kit car!
Brilliant way to get round the fact that it is totally unapproved for sale there! Apparently it went over to do some testing, and never came back.206, according to the VINs, seems to be the only one in entry level spec.
Also, it is highly probable that at least one or two of the later cars are actually driving around with Mk2 front and rear ends and badging, as there was some sort of PR cockup over the launch of the Mk2 which meant that they didn't actually have any Mk2 cars to give to the press!
They therefore pulled a small number of Mk1 cars off the production line and mocked them up as Mk2 press cars.So, in summary (sorry Gazza) there are, at most, 19 production Mk1 Tourers in the UK, assuming that no more RHD cars have found their way to foreign climes like 023, or been written off in accidents. Given the Mk1/Mk2 crossover, 17 is more probably the correct number.
mechsympathy said:
Kermit power said:
015, 190 & 210 are all LHD, and the last two - both automatics - are in Australia.
Are you sure? Cos they drive on the left in Oz.
Also worth wondering is whether all of the production cars ever actually made it out of Longbridge. Although they produced 883 in all, there are apparently only 365 currently taxed in the UK, and it seems unlikely that all that many were exported.
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