Re: New Member
Posted: Fri Apr 17, 2015 12:06 pm
At £3400, it's money in the bank.
We watch the sales of nearly all the 1st gen s that come up for sale in the UK and have a pretty good idea of their current values.
When your car was first advertised, it had been off the road the 5 years and had no MOT so was basically viewed as a project car. A couple of us on this forum teamed up to bid on it and figured that if we got it for £2500, it would cost a couple of hundred quid to transport it and would potentially need another £500 - £800 to re-commission it to a reliable standard and mot it. ( bearing in mind we would have been buying it sight unseen). We worked on a resale price of £3500. We weren't factoring in any profit margin, just doing it as a project to put another 1st gen back on the road but obviously didn't want to lose out financially either.
As it turned out, the bidding was awash with fake bids and we decided to leave it but if you've bought it at £3400 with full mot, you've had a great buy I reckon.
If the seller had presented it and marketed it properly in the first place, the car would have realised much more than its final sale price.
You haven't overpaid at all........I think you've had a really good deal at that price.
We watch the sales of nearly all the 1st gen s that come up for sale in the UK and have a pretty good idea of their current values.
When your car was first advertised, it had been off the road the 5 years and had no MOT so was basically viewed as a project car. A couple of us on this forum teamed up to bid on it and figured that if we got it for £2500, it would cost a couple of hundred quid to transport it and would potentially need another £500 - £800 to re-commission it to a reliable standard and mot it. ( bearing in mind we would have been buying it sight unseen). We worked on a resale price of £3500. We weren't factoring in any profit margin, just doing it as a project to put another 1st gen back on the road but obviously didn't want to lose out financially either.
As it turned out, the bidding was awash with fake bids and we decided to leave it but if you've bought it at £3400 with full mot, you've had a great buy I reckon.
If the seller had presented it and marketed it properly in the first place, the car would have realised much more than its final sale price.
You haven't overpaid at all........I think you've had a really good deal at that price.