205 Gti Prices?

[driversdomainuk 8]

Hi All

 

I am aware the 205GTI is increasing in prices but these I think are a little too ambitious...

 

http://www.autotrader.co.uk/classified/advert/201602090875254?model=205&postcode=SY3%209BZ&make=peugeot&sort=default&page=2&search-target=usedcars&radius=1501&onesearchad=used%2Cnearlynew%2Cnew&logcode=p

 

 

http://www.autotrader.co.uk/classified/advert/201602130995551?model=205&onesearchad=used%2Cnearlynew%2Cnew&sort=default&radius=1501&page=2&postcode=sy39bz&make=peugeot&search-target=usedcars&logcode=p

 

What do you think?

 

 

[Bakes100 20 1 Cars]

AFAIK the Miami Blue one is a 1.9 Mi16 that sold about 18 months ago for around £3k!

[sp_en_ny 14 1 Cars]

lol way to ambitious, I think I have seen 3 or 4 on ebay for same sought of price. obviously not priced to sell.

[toolie72 67 1 Cars]

Agreed mental price, blame chris Evans, however at least the cars are starting to get a bit of recognition, my cars a daily driver (when going!!!) and in a wee city like Inverness it stands out a mile-unless it's in tescos dwarfed by blooming SUVs so you can't find it

On the downside we'll get back to the bad old days of crazy insurance (mk1 xr2 in 1993 £1030 third party! Sold car for £560)

Cars will start disappearing to order as well and you'll never stop those people when moneys changing hands

[Anthony 1,000]

Cars will start disappearing to order as well and you'll never stop those people when moneys changing hands

That's my concern - you've only got to look at how bad the situation is with older Ford's (especially Mk1/2 Escorts) and Mini's disappearing to realise the situation that we could be in within the foreseeable future if price rises carry on as they have been and the criminal community cotton on

[eddie bullit 37]

I don't think those time s are too far away to be honest. Pugs will start disappearing from shows etc. just like classic Fords.

[u47sb2 27 2 Cars]

Agreed mental price, blame chris Evans, however at least the cars are starting to get a bit of recognition, my cars a daily driver (when going!!!) and in a wee city like Inverness it stands out a mile-unless it's in tescos dwarfed by blooming SUVs so you can't find it

On the downside we'll get back to the bad old days of crazy insurance (mk1 xr2 in 1993 £1030 third party! Sold car for £560)

Cars will start disappearing to order as well and you'll never stop those people when moneys changing hands

Not seen yours about Inverness yet. Might have to take mine north again when visiting the folks. Very very few still as daily drivers. Mine now very much a weekend car apart from when the Passat is in for work in which case it gets pressed in to service.

[woodymi16 24 2 Cars]

Blimey

 

http://www.autotrader.co.uk/classified/advert/201604092808577?onesearchad=used%2Cnearlynew%2Cnew&radius=1500&make=peugeot&postcode=NR33%207LN&searchcontext=default&model=205&sort=locasc&page=1&search-target=usedcars&logcode=p

 

http://www.autotrader.co.uk/classified/advert/201603131919889?sort=locasc&onesearchad=used%2Cnearlynew%2Cnew&postcode=nr337ln&radius=1500&search-target=usedcars&make=peugeot&searchcontext=default&page=1&model=205&logcode=p

 

http://www.autotrader.co.uk/classified/advert/201604112864826?sort=locasc&onesearchad=used%2Cnearlynew%2Cnew&postcode=nr337ln&radius=1500&search-target=usedcars&make=peugeot&searchcontext=default&page=1&model=205&logcode=p

[driversdomainuk 8]

Yes, seeing more and more of these types of prices now

[Bobbafett 49 2 Cars]

That Dimma is just amazing. It's obviously not worth anything like 40k but bloody hell i'd spend 24k on that a whole lot quicker than that restored one that just went at auction! The white one with one owner is a fair bit overpriced with that mileage, one owner or not.

 

The blue one is an absolute joke. Just hilarious. They must be on crack. Look at the state of it. If it's an Mi16 conversion that just makes it even funnier.

[driversdomainuk 8]

As a general rule - I would say those three cars are around double what they are really worth...Prices are indeed increasing however. A classic car is worth what one person is prepared to pay.

[Bobbafett 49 2 Cars]

I think the blue one is about 10 times what it's worth!

[Anthony 1,000]

The blue one doesn't have an MOT either having failed it last month with rear brake issues

 

They're in coo-coo land with the price as it stands frankly - cracked bumper, damaged/missing red strips, stitching come apart on the drivers seat. The odometer looks a bit suspect too, although the post-computerisation MOT mileage looks to tally up.

[Juttie205 123 2 Cars]

As much as i feel the dimma is a silly price if it sold for anything near that i would be happy.

[allye 530 3 Cars]

As much as i feel the dimma is a silly price if it sold for anything near that i would be happy.

Why?

 

The attitude "cars selling for huge prices is great for us", is really doing my head in. The vast majority of us haven't bought these cars for the investment, we bought or built them because they are relatively good value for a fun usable classic.

 

These stupid prices are going to price out many true enthusiasts with parts prices. Even in my time I think parts have nearly doubled.

[Anthony 1,000]

Why?

 

The attitude "cars selling for huge prices is great for us", is really doing my head in. The vast majority of us haven't bought these cars for the investment, we bought or built them because they are relatively good value for a fun usable classic.

 

These stupid prices are going to price out many true enthusiasts with parts prices. Even in my time I think parts have nearly doubled.

Here here!

 

Prices needed to come up from the lows they were at 5 years ago because cars were getting broken up willy-nilly for parts and weren't really worth fixing/restoring.

 

However, the pendulum has well and truly swung the other way and things are getting ridiculous now. As Ali says, it's rapidly getting to the point where enthusiasts who want to drive and enjoy the cars are fast getting priced out of the market and it won't be long before the criminal fraternity cotton on and our pride and joys start getting stolen to order - just look at what's happening to Retro Fast Fords for a taster of what's coming.

 

I've said for many years that when I can no longer drive and enjoy the car as I see fit because of parts availability or worrying unduly about whether it'll still be where I left it when I return would be the day I sell up.

[Juttie205 123 2 Cars]

Why...

 

Well I brought my car and restored as a enthusiast but also as i felt it would be a good investment our cars were allways going to go this way at some point i for one am glad to see the 205 getting the acknowledgement of a high end classic now.

[Andy_C 50]

I guess this subject has some relevance to me personally as the shell of my car left earlier today bound for pastures new.

 

First up I genuinely dont believe the investment BS in the slightest. As some know, Im lucky enough to arrange insurance for very serious cars, bought by very serious people as an example, I have 2 quotes awaiting work now for car collections worth in total almost £75,000,000.

 

They both include 7 (and 8!!) figure cars which are genuinely being bought as investment and even if they only appreciate by a few percent, thats still serious return and currently tax free as theres no capital gains tax due on privately owned cars currently (ignoring the fact that some owners arent UK resident in any event).

 

Im also working with several properly set up investment funds and the hoops the have to jump through to set one of those up mean that you need serious money to get involved and a £20k classic car doesnt even crop up on the radar.

 

On this basis, a £20k 205 isnt an investment at very best it might appreciate by a few grand over the next 3-5 years but I doubt youd double your money or even close.

 

The appeal, I think, is twofold. Firstly, you have the 40-somethings who had one new 25 years ago and are reliving their misspent youth as they have a few quid spare and frankly the alternative is ratty, nasty and genuinely overpriced 40 year old British sports cars where people really are cashing in with dogs that have had a lick of paint. That isnt new, been going on for years.

 

Secondly, you have the HNW individual who, similarly to the above group, fancies a cheap & cheerful toy given that some of these people can earn £20k in as much time as its taken me to write this, its pocket change.

 

Where does that leave enthusiasts? I agree that it might look bleak but if you own a 205 now, how does it hurt you? You have a cracking little car and you love it. You arent going to wrap it up in bubble wrap and hide it away youre going to keep on driving the arse out of it, whenever and wherever and if, IF, it hasnt devalued to nothing if and when you decide to sell, then youre quids in, surely?

 

If rising values mean that people start making more parts to keep your cars alive, then this again has to be a positive. I cant see a downside and it might mean that rare ebay tat becomes a distant memory.

 

Theft? It might become an issue but a lot of fast Fords are stolen to order for parts, not the entire car. The world of the car enthusiast has got a lot smaller with the rise in social media and the market for stolen parts isnt as huge as some would have you believe. I really dont believe that 205s are about to start disappearing in droves.

 

There will be chancers asking daft money for 205s and no doubt the odd punter will get suckered in but therell also be proper dealers out there who are enthusiasts aswell as being in business and arent out to screw you over.

 

Drive them, enjoy them and stop worrying about whether theyre getting valuable.

 

Or do what Ive done and buy a £1,300 Clio 172 which doesnt need restoring, painting, fiddling with and then breaking when your talent well and truly runs out.

[Andy_C 50]

And apologies for the dreadful grammar - I emailed that lot to myself and copied across!!!!!

[AlexRS2782 136 1 Cars]

I can't say I'm surprised with the pricing of 205's now tbh. It was only going to be a matter of time before they followed the trend that has already been present in a number of other marques for the last decade or so.

I've seen all this before over the last decade being a member of the RS Owners Club and seeing the prices of the same era of '80's-'90's cars creep ever upwards, along with the associated costs of spares be it used, NOS, etc.

In the past 3 years or so the price of an average / ratty condition Series 2 Escort RST or Fiesta RST has hit silly money due to the demand and the concours examples are now firmly in the £15k+ bracket. Then you have the Sierra, Sapphire & Escort already comfortably into £20-30k+ territory for a decent one.

The problem with this, with regards to cars like these, is that most are now being priced well outside affordability for the genuine enthusiasts and are becoming a collectors ornament. This has been shown with a drop in Membership / new ownership not just for renewals but also for new joiners as the people that would have bought the cars years ago are no longer in a position to do so. Especially when the prices commanded by some models are higher than the equivalent cost for a new / nearly new Focus / Fiesta ST fully loaded with all the modern tech.

On a side note, it's hard to believe that 10 years ago I (now stupidly) turned down the opportunity of buying a decent condition sub 100k mile Moonstone RS500 Sierra for about £10k. Similar 500's now are genuinely selling both in trade & privately for upwards of £60k.

Edited April 14, 2016 by AlexRS2782

[Andy_C 50]

Nobody serious has lost millions in a long time. I don't need to prove ot justify it either. I specialise in the highest of the high end and have done for over 20 years.

[Telf 222 2 Cars]

Mines a regular commuter drive. I get asked at least once a month if its for sale - yeah 5K mate is my usual response. Its the guys around my age - around early 40's that either had one or wanted one as a youngster.

 

It regularly ends up in my local body shop- I ask the owner if theres any interest when I collect it - always at least one guy has asked if its for sale.

 

I'm not worried about mine getting nicked- it could get written off tomorrow so I think drive and enjoy whilst Ive got it!

[speno 239 2 Cars]

Enthusiast is a word I'm not liking at the moment . What is a true enthusiast? Some one who spunks a load on a money on a car to drive it a couple of times a year to a show because he is scared of getting his investment dirty or putting miles on it.

Or the ropey gti what get used every week . I prefer the latter

Prices will rise nothing we can do about it and less cars will be available hence a cheap car will be 3 grand soon

[Telf 222 2 Cars]

I'm enthusiastic about driving mine as often as possible- so usually 6 days a week!

 

This accounts for the 250300 miles its clocked. Just of late I'm not as enthusiastic about the repair bills - £250 in the last 14 days..... and I reckon about 500 since January.

[Telf 222 2 Cars]

oh and neither is my wife!

 

although she wont let me sell it- I reckon because we had one when we wee young... and now we are old:(

Edited April 14, 2016 by Telf