Jag E Type not selling?
Discussion
I have been looking to buy an E type mk 1 or 1.5 coupe , prices seem static but advertised cars seem to be for sale for ages , even auction cars are not selling .
Will prices for these now gradually soften or have they fallen out of fashion with younger car buyers, don’t want to buy and realise I have made a mistake.
Any owners with advice on owning one , info greatly appreciated.
Will prices for these now gradually soften or have they fallen out of fashion with younger car buyers, don’t want to buy and realise I have made a mistake.
Any owners with advice on owning one , info greatly appreciated.
happy fish said:
I have been looking to buy an E type mk 1 or 1.5 coupe , prices seem static but advertised cars seem to be for sale for ages , even auction cars are not selling .
Will prices for these now gradually soften or have they fallen out of fashion with younger car buyers, don’t want to buy and realise I have made a mistake.
If you want one then I'd suggest you are well placed to get a good deal.Will prices for these now gradually soften or have they fallen out of fashion with younger car buyers, don’t want to buy and realise I have made a mistake.
As for the value after that, if you really want an E-Type, it doesn't matter
I'm still not sure what your question is?
If you are looking to buy for pure enjoyment then what difference does it make whether they take a long or short time to sell, or indeed whether they are in or out of fashion.
You've wanted one for a long time, you want to enjoy one so go buy one and enjoy it to the full.
If they are sticking about for a while then that's good for you as far more likely to bag a bargain.
If you want an investment then I don't believe any car is a good idea and I think this is often reflected with e types especially. Some are over restored at huge cost and so you can't drive it and enjoy it fully without wiping that restoration bill off its value. These cars often sit over £150k. Unfortunately this encourages owners if cars which are 'usable' and not fully restored (restored not resprayed) to overvalue their own car and simply ask far too much. We'll my good solid car must be worth £80k if that one is worth £150k. The reality is its probably worth about £50k and until they sell at that level they won't find a buyer.
Only very special cars survive long term on a price premium the rest go in and out of favour.
My kids are in their 30s now and wouldn't know what to do with a choke cable. They can just about cope with a manual gear box but it's a chore for them. Another 30 years time who is going to buy a manual car......almost no one in the same way pre war cars now go for a pittance as none of us know what to do with ignition retarding or setting up the points everybother day etc so we ignore them and their values drop.
If you want an e type go and buy it and thoroughly enjoy it is the only advice I can give.
If you are looking to buy for pure enjoyment then what difference does it make whether they take a long or short time to sell, or indeed whether they are in or out of fashion.
You've wanted one for a long time, you want to enjoy one so go buy one and enjoy it to the full.
If they are sticking about for a while then that's good for you as far more likely to bag a bargain.
If you want an investment then I don't believe any car is a good idea and I think this is often reflected with e types especially. Some are over restored at huge cost and so you can't drive it and enjoy it fully without wiping that restoration bill off its value. These cars often sit over £150k. Unfortunately this encourages owners if cars which are 'usable' and not fully restored (restored not resprayed) to overvalue their own car and simply ask far too much. We'll my good solid car must be worth £80k if that one is worth £150k. The reality is its probably worth about £50k and until they sell at that level they won't find a buyer.
Only very special cars survive long term on a price premium the rest go in and out of favour.
My kids are in their 30s now and wouldn't know what to do with a choke cable. They can just about cope with a manual gear box but it's a chore for them. Another 30 years time who is going to buy a manual car......almost no one in the same way pre war cars now go for a pittance as none of us know what to do with ignition retarding or setting up the points everybother day etc so we ignore them and their values drop.
If you want an e type go and buy it and thoroughly enjoy it is the only advice I can give.
Whisper it, but the whole classic car market seems to be calming down. I've been tracking several marques and models as a potential next purchase. Strongly priced cars are stuggling to sell, and the price of those that are selling seems to be easing downwards.
I guess it's to be expected with inflation and interest rates running as they are that people are getting less bullish about spending large sums on toys.
I guess it's to be expected with inflation and interest rates running as they are that people are getting less bullish about spending large sums on toys.
happy fish said:
Im looking to buy one as a car to use and enjoy .
The cars in my price range appear to have be on sale for ages, slightly concerned as is this normal for this type of classic.
I have never owned this type of classic car before hence the Question.
Assuming all homework done, get a suitcase of money and make a silly offer. That's how I got a £70K boat for £47K... The cars in my price range appear to have be on sale for ages, slightly concerned as is this normal for this type of classic.
I have never owned this type of classic car before hence the Question.
Longy00000 said:
Another 30 years time who is going to buy a manual car......almost no one in the same way pre war cars now go for a pittance as none of us know what to do with ignition retarding or setting up the points everybother day etc so we ignore them and their values drop.
If you see any pre war Alfas going for a pittance let me know because I've been looking without any luck.IMO the generation that really, desperately, always wanted an E-Type has now already bought one, if they were able.
Lots of that generation are now just about ready to ‘retire’ from their classic cars and are looking to sell their E-Type (Stag, TR4, MGB, mkII, Austin Healey, etc etc).
Selling those cars to a generation who are not as excited about E-Types as their dads are/were.
Hence prices softening.
They’re every bit as lovely as they always were. But it’s 80’s and 90’s cars that are going nuts now. Because it’s the kids who had them on the walls who are now able to invest in cars.
In 20-30 years, those cars will be where E-Types are now.
Lots of that generation are now just about ready to ‘retire’ from their classic cars and are looking to sell their E-Type (Stag, TR4, MGB, mkII, Austin Healey, etc etc).
Selling those cars to a generation who are not as excited about E-Types as their dads are/were.
Hence prices softening.
They’re every bit as lovely as they always were. But it’s 80’s and 90’s cars that are going nuts now. Because it’s the kids who had them on the walls who are now able to invest in cars.
In 20-30 years, those cars will be where E-Types are now.
I think the prices have been slightly distorted by the amount of mainly American imports . This however has had no affect on the very early flat floors or historically important Cars . Another factor I think is that some models are more desirable than others , a late V12 being much less desirable than a Series 2 . That said if I wanted one I would buy one and if you are overly concerned about prices it’s not for you
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