'1998' 75 Connoisseur in dire need of work - Page 4

SD1too · 8th May 2014, 10:34

Quote:

Originally Posted by Petetourer

.. Take your initial budget and double it ..

That's very true. It also applies, in my experience, to house maintenance, and Mr. Average who takes his fashionable German vehicle for dealer service.

Quote:

Even then you will never make money on it...

Of course you won't! The financial values of 75/ZTs aren't high enough. There's not enough room for a profit, which is why dealers usually steer clear.

Quote:

Maybe in 15-20 years you will start to see a return on your investment....

Let's be realistic; cars are not investments. They are a continuing expense. Even the owner of a valuable Aston Martin, for example, has storage and maintenance costs as well as insurance which obviously won't be cheap.

Simon

ukmastiff · 8th May 2014, 10:42

I'm sorry but there are plenty of people who buy cars ( including 75's and ZT's ) and including on this forum, turn the round quickly and take a sensible profit. So cars can indeed be an 'investment' or even someone's living. If not we wouldn't have car dealers or 'DIY traders'.

It's just not my bag as I'm happy to enjoy a car and take a 'small' loss for my enjoyment of it. I broke even on a 944 turbo once though now that was a miracle for me ! , and I would have accidentally made a £500 pound profit if the MAF hadn't failed weeks before I sold it. I'm glad it failed before I sold it though. I'd have hated it failing immediately on the new buyer so wasn't bothered.

I'm not suggesting this one is an investment by the way ooooh definately not suggesting that

just interesting.

Petetourer · 8th May 2014, 10:42

Quote:

Originally Posted by SD1too

That's very true. It also applies, in my experience, to house maintenance, and Mr. Average who takes his fashionable German vehicle for dealer service.

Of course you won't! The financial values of 75/ZTs aren't high enough. There's not enough room for a profit, which is why dealers usually steer clear.

Let's be realistic; cars are not investments. They are a continuing expense. Even the owner of a valuable Aston Martin, for example, has storage and maintenance costs as well as insurance which obviously won't be cheap.

Simon

My post was a general overview for anyone thinking of taking this on mate.

For someone that's not done it before it's handy to have some insight.

I think we are all aware of cars not being an investment, less so of the potential for them to become a money pit. However, I would only buy this car if thinking of keeping it for a long long time... At this point it could well rise in value and provide a return on the cash invested

Gate Keeper · 8th May 2014, 11:09

It would be interesting to get an opinion on the launch car at Gaydon 100001# and its monetary value from the museum people themselves - a 75 in mint condition could realise, the Gaydon launch car against an early launch car fully restored as a future classic .

To what end it would fit into this thread I am not sure, just brainstorming

ImageUploadedByTapatalk1399547139.639078.jpg

Saga Lout · 8th May 2014, 13:07

As a club, a lot of money was raised to help David out of his fix, is there not scope for this car to bought by everyone chipping in if they can. It could be repaired to a mint condition to match the museum car, and nobody would have the outlay save for a few quid each. The car could then become The official Club car and offered to a museum as per the Gaydon one. The club and its members could offer all the bits to get this done by? and the car could represent the Club, maybe let each museum use it on a rota.
It's just an idea....

Petetourer · 8th May 2014, 13:17

Quote:

Originally Posted by Saga Lout

As a club, a lot of money was raised to help David out of his fix, is there not scope for this car to bought by everyone chipping in if they can. It could be repaired to a mint condition to match the museum car, and nobody would have the outlay save for a few quid each. The car could then become The official Club car and offered to a museum as per the Gaydon one. The club and its members could offer all the bits to get this done by? and the car could represent the Club, maybe let each museum use it on a rota.
It's just an idea....

I good idea in principal, but I fear it could well get a bit complicated further down the line

One thing for sure is that it would not be a official club car. There have been many a thread about the way the club is run and at the end of the day it is I business. If the club buys it then fair enough, but if a group if members were to club together then it would have to be a members car.

I feel that everything would have to be agreed prior to purchase. Things like the use if the car (both in the immediate future and further ahead) and how much everyone would need to chip in to get it back to A1, what happens if the budget is overrun or if there is money left over? It could get very complicated.

The timescale of that alone could lead to it being a no goer

I am not against the idea, but it would not be a straight forward plan.

With David it was quite simple, collect a load of cash and give it to him to do as he pleased

whilst this was a very admirable gesture from members, I was not really too sure about the whole thing.

rich17865 · 8th May 2014, 18:18

Quote:

Originally Posted by Saga Lout

As a club, a lot of money was raised to help David out of his fix, is there not scope for this car to bought by everyone chipping in if they can. It could be repaired to a mint condition to match the museum car, and nobody would have the outlay save for a few quid each. The car could then become The official Club car and offered to a museum as per the Gaydon one. The club and its members could offer all the bits to get this done by? and the car could represent the Club, maybe let each museum use it on a rota.
It's just an idea....

Just like OVP?

Why not put some money into that? It has much better heritage than this one.

Howie666 · 8th May 2014, 18:37

Just out of curiosity (and because 'how many left' won't have anything like accurate details), how many launch cars were built, and how many still exist? I seriously have no idea how rare these cars are.
My instincts are telling me they're rare but as an officer of the 'save it police' my instincts and motivation must be suspect. 🌈

Saga Lout · 8th May 2014, 18:45

Quote:

Originally Posted by rich17865

Just like OVP?

Why not put some money into that? It has much better heritage than this one.

It's a good point Rich, but that belongs to one person. My idea is to fund a car that nobody will own, nobody in the club that helps to do it or the club owners. I was thinking along the lines of making a perfect car that could be given to a museum from the club, maybe brought to meets and passed around other museums. It could be done with a club vote system.
Maybe OVP could be that car? We could all play a part for the sake of the car...

seancar · 8th May 2014, 18:46

I have to agree with pete I have had a member on here phone me today over the car. He asked how much to put a box in. But like I said to him it does not stop there belts need doing, as well. He has spoken to the lady and there is some other small faults as well. With what the lady will take for it and cost of repairing you will need deep pockets for this one. Yes its a nice example but there is no profit in it, its got to be brought for the love of the car . This sound bad I know but its a very good breaker and no I am not watching it or bidding on it.

8th May 2014, 10:42	#32
ukmastiff Gets stuck in 2003 ZT-T CDTI '+' a ZT Join Date: Jun 2010 Location: N/E Herts Posts: 977 Thanks: 4 Thanked 42 Times in 36 Posts	I'm sorry but there are plenty of people who buy cars ( including 75's and ZT's ) and including on this forum, turn the round quickly and take a sensible profit. So cars can indeed be an 'investment' or even someone's living. If not we wouldn't have car dealers or 'DIY traders'. It's just not my bag as I'm happy to enjoy a car and take a 'small' loss for my enjoyment of it. I broke even on a 944 turbo once though now that was a miracle for me ! , and I would have accidentally made a £500 pound profit if the MAF hadn't failed weeks before I sold it. I'm glad it failed before I sold it though. I'd have hated it failing immediately on the new buyer so wasn't bothered. I'm not suggesting this one is an investment by the way ooooh definately not suggesting that just interesting. __________________ ☆☆☆☆☆☆☆☆☆☆☆☆☆☆

8th May 2014, 11:09	#34
Gate Keeper This is my second home 4X4 Join Date: Jul 2010 Location: Nairobi Posts: 20,072 Thanks: 8,286 Thanked 7,017 Times in 4,160 Posts	'1998' 75 Connoisseur in dire need of work It would be interesting to get an opinion on the launch car at Gaydon 100001# and its monetary value from the museum people themselves - a 75 in mint condition could realise, the Gaydon launch car against an early launch car fully restored as a future classic . To what end it would fit into this thread I am not sure, just brainstorming ImageUploadedByTapatalk1399547139.639078.jpg

8th May 2014, 13:07	#35
Saga Lout This is my second home MG ZT and Rover 75, Join Date: Jul 2013 Location: Wigan Posts: 3,276 Thanks: 2,556 Thanked 2,685 Times in 1,037 Posts	Let's take it to another level? As a club, a lot of money was raised to help David out of his fix, is there not scope for this car to bought by everyone chipping in if they can. It could be repaired to a mint condition to match the museum car, and nobody would have the outlay save for a few quid each. The car could then become The official Club car and offered to a museum as per the Gaydon one. The club and its members could offer all the bits to get this done by? and the car could represent the Club, maybe let each museum use it on a rota. It's just an idea....

8th May 2014, 18:37	#38
Howie666 I really should get out more....... MG ZT 190+, Trophy Blue Join Date: Nov 2009 Location: Preston Posts: 2,067 Thanks: 1,401 Thanked 309 Times in 195 Posts	Just out of curiosity (and because 'how many left' won't have anything like accurate details), how many launch cars were built, and how many still exist? I seriously have no idea how rare these cars are. My instincts are telling me they're rare but as an officer of the 'save it police' my instincts and motivation must be suspect. 🌈 __________________ Commission Number 352 To do list: 1. Reversing sensors 1a. Headlights polished - DONE! (Magic Mike ) 2. Auto dip rear view mirror 3. Seats replaced - DONE! (thank you Mischief) 7. Bodywork repainted 8. Inlet manifold changed for a working one - DONE! (Magic Mike )

8th May 2014, 18:46	#40
seancar Banned 75 tourer and t4 Join Date: Mar 2011 Location: bexhill on sea Posts: 4,428 Thanks: 278 Thanked 731 Times in 350 Posts	I have to agree with pete I have had a member on here phone me today over the car. He asked how much to put a box in. But like I said to him it does not stop there belts need doing, as well. He has spoken to the lady and there is some other small faults as well. With what the lady will take for it and cost of repairing you will need deep pockets for this one. Yes its a nice example but there is no profit in it, its got to be brought for the love of the car . This sound bad I know but its a very good breaker and no I am not watching it or bidding on it.