Why is the V8 so expensive?. - Page 18

FredSpencer · 23rd July 2013, 17:35

The V8's don't fall into the same classification as the rest of the models. They were somewhat specialized/elitist when they came out and have remained so. I would imagine most are second/special cars owned by people who want that particular car. Because of this comparing them with any other make is pointless. It is also pointless trying to give a definitive value for them. There is a market for them, clearly, so the prices are strong. Most people who collect cars, even if only one besides their daily rides, are in the financial position of being able to indulge their passion. It follows, to me anyway, they will pay what might seem a higher price than they would if they were just looking for a second car for daily use - reliability, purchase price, tax, insurance, maintenance and fuel costs are much more important then. It also follow, as has been said, that the cars are likely to be in above average condition,reasonably low mileage and high spec., and therefore attract top prices.

I don't believe they are, or should be, considered as a purchase on the strength of their 'value/advertised price'. Spec., condition, etc., are far more important and no-one should buy one till they can get the best available, regardless of the asking price. At the end of the day you're buying something that is, or will become, a classic, so they should not be considered against either new cheap cars or different makes of older car. If a 260 is what floats your boat it doesn't matter about how good, different, or worse anything else is and all that is not relevant to the original question.

I do think Christians posts have a value as something of a warning to aspirational 260 buyers, i.e., there can be problems and they aren't necessarily perfect in all respects. What doesn't help the thread is keeping on batting these points back and forward between members who can't, or won't, just let the thread move on. The most valuable responses are from past and present owners and the experts on the forum who can give specific information regarding things like spec and colours, for instance.

The thread is interesting for the majority of members who have likely joined because they bought one of the more standard models getting a lot of car for a, generally, low price and who have ended up joining us because they have issues that need sorting. It can seem odd, to say the least, that you can buy a mongram, fully specced ZT 190 or Rover 75, for about a quarter of the price. There are a lot more of the standard cars and they are, or have been, sold/bought in the general car market where prices are set according to different criteria from the specialist market the V8's are in.

Just my views peeps and although I won't ever be in the market for a V8 (unless I win the lottery) it is interesting to read what current/past owners have to say about them.

rovexCDTi · 23rd July 2013, 17:41

What i do like is that the price paired with the relatively modest performance is keeping them out of the hands of chavs. To many other rare cars have been ruined by that fate.

Anyway its not like i think they are grossly over priced, just a grand or so. They are certainly worth a premium, but not that much.

1gp · 23rd July 2013, 18:29

just a quick question chaps . for a top spec 75 or mg 260 , what was the new price ....

rovexCDTi · 23rd July 2013, 18:31

£30-32k something like that. About the same as the hand built Rover 800 Sterling Coupe, which after 10 years was worth about £1500 max!

1gp · 23rd July 2013, 18:37

Quote:

Originally Posted by rovexCDTi

£30-32k something like that. About the same as the hand built Rover 800 Sterling Coupe, which after 10 years was worth about £1500 max!

so on that price , they are holding there money pretty well

rovexCDTi · 23rd July 2013, 18:39

Very well, unusually so, artificially well, even compared to equally rare and better regarded more expensive cars.

1gp · 23rd July 2013, 18:41

So that speaks volumes surely....

rovexCDTi · 23rd July 2013, 18:43

Volumes about what? I already said why I think the price is so high.

chipsceola · 23rd July 2013, 19:12

Could also consider a Classic Rover V8 plenty for sale £1500 - £6000 here

1gp · 23rd July 2013, 19:16

Quote:

Originally Posted by rovexCDTi

Volumes about what? I already said why I think the price is so high.

springs to mind with this thread...

23rd July 2013, 17:41	#172
rovexCDTi This is my second home MG ZT+ 135 Join Date: Jan 2011 Location: Exeter Posts: 3,626 Thanks: 9 Thanked 42 Times in 26 Posts	What i do like is that the price paired with the relatively modest performance is keeping them out of the hands of chavs. To many other rare cars have been ruined by that fate. Anyway its not like i think they are grossly over priced, just a grand or so. They are certainly worth a premium, but not that much. __________________ [SIGPIC][/SIGPIC]

23rd July 2013, 18:31	#174
rovexCDTi This is my second home MG ZT+ 135 Join Date: Jan 2011 Location: Exeter Posts: 3,626 Thanks: 9 Thanked 42 Times in 26 Posts	£30-32k something like that. About the same as the hand built Rover 800 Sterling Coupe, which after 10 years was worth about £1500 max! __________________ [SIGPIC][/SIGPIC]

23rd July 2013, 18:39	#176
rovexCDTi This is my second home MG ZT+ 135 Join Date: Jan 2011 Location: Exeter Posts: 3,626 Thanks: 9 Thanked 42 Times in 26 Posts	Very well, unusually so, artificially well, even compared to equally rare and better regarded more expensive cars. __________________ [SIGPIC][/SIGPIC]

23rd July 2013, 18:43	#178
rovexCDTi This is my second home MG ZT+ 135 Join Date: Jan 2011 Location: Exeter Posts: 3,626 Thanks: 9 Thanked 42 Times in 26 Posts	Volumes about what? I already said why I think the price is so high. __________________ [SIGPIC][/SIGPIC]

23rd July 2013, 19:12	#179
chipsceola This is my second home Jaguar XF 3.0D Join Date: Nov 2010 Location: Southampton Posts: 4,364 Thanks: 119 Thanked 509 Times in 426 Posts	Could also consider a Classic Rover V8 plenty for sale £1500 - £6000 here __________________ Chips

23rd July 2013, 17:35	#171
FredSpencer Passed Away Typhoon ZT 190+ Saloon Join Date: Aug 2009 Location: Leeds Posts: 6,833 Thanks: 0 Thanked 18 Times in 10 Posts	The V8's don't fall into the same classification as the rest of the models. They were somewhat specialized/elitist when they came out and have remained so. I would imagine most are second/special cars owned by people who want that particular car. Because of this comparing them with any other make is pointless. It is also pointless trying to give a definitive value for them. There is a market for them, clearly, so the prices are strong. Most people who collect cars, even if only one besides their daily rides, are in the financial position of being able to indulge their passion. It follows, to me anyway, they will pay what might seem a higher price than they would if they were just looking for a second car for daily use - reliability, purchase price, tax, insurance, maintenance and fuel costs are much more important then. It also follow, as has been said, that the cars are likely to be in above average condition,reasonably low mileage and high spec., and therefore attract top prices. I don't believe they are, or should be, considered as a purchase on the strength of their 'value/advertised price'. Spec., condition, etc., are far more important and no-one should buy one till they can get the best available, regardless of the asking price. At the end of the day you're buying something that is, or will become, a classic, so they should not be considered against either new cheap cars or different makes of older car. If a 260 is what floats your boat it doesn't matter about how good, different, or worse anything else is and all that is not relevant to the original question. I do think Christians posts have a value as something of a warning to aspirational 260 buyers, i.e., there can be problems and they aren't necessarily perfect in all respects. What doesn't help the thread is keeping on batting these points back and forward between members who can't, or won't, just let the thread move on. The most valuable responses are from past and present owners and the experts on the forum who can give specific information regarding things like spec and colours, for instance. The thread is interesting for the majority of members who have likely joined because they bought one of the more standard models getting a lot of car for a, generally, low price and who have ended up joining us because they have issues that need sorting. It can seem odd, to say the least, that you can buy a mongram, fully specced ZT 190 or Rover 75, for about a quarter of the price. There are a lot more of the standard cars and they are, or have been, sold/bought in the general car market where prices are set according to different criteria from the specialist market the V8's are in. Just my views peeps and although I won't ever be in the market for a V8 (unless I win the lottery) it is interesting to read what current/past owners have to say about them.

23rd July 2013, 18:29	#173
1gp I really should get out more....... mgzt, 135 cdti , manual , in solar red.also own a mgtf. Join Date: Jan 2010 Location: notts. Posts: 2,105 Thanks: 28 Thanked 40 Times in 39 Posts	just a quick question chaps . for a top spec 75 or mg 260 , what was the new price ....

23rd July 2013, 18:41	#177
1gp I really should get out more....... mgzt, 135 cdti , manual , in solar red.also own a mgtf. Join Date: Jan 2010 Location: notts. Posts: 2,105 Thanks: 28 Thanked 40 Times in 39 Posts	So that speaks volumes surely....