What are our mister two's worth in the current financial crisis????

[markybhoysmr2]

My father has been trying to sell his 2000 plate bmw e46 323 coupe m sport since recieving his new bm. He's tried on a number of occasions to sell it with no joy!

So he asked me if i would like to have it for whatever price i got for mine! I cant possibly turn it down even though i love my2 its to much of a car to knock back. And its stunning!!

He asked me what i'd get for mine and i said i'm not sure what there worth at the moment because of the credit crunch so I said i would ask you guys.

what do youse think mk1's are worth the now??

[monkeyra]

Honest answer?

Not a lot, same as MK2 Tubby's

[un1eash]

All depends on condition of bodywork and mechanics, a mint car with new parts all over i'd say could still fetch £1.5k+, bad body work though and your looking at a few hundred. Ive just got a new car but kept my mk1 as its worth alot more to me then what it would sell for. Its insured till november 2009 so i'll just be sorning it when the tax runs out and mayne put some tax on it for the summer.

[Kooga]

Its worth whatever you can get for it....if you live in an affluent area, its worth a punt at a good price as there's always someone who will have that kind of cash - I need to sell mine this year as the second bundle of joys on its way and i need 4 seats, and I've already had people interested who didn't baulk at 2k cos it looks stunning (its not perfect though) and i've spent a fortune on it, so all the hard work is done. I would imagine the current ceiling for a perfect mk1 would be about 2.5K but someone may give you 3 if you find the right buyer with an absolute minter. You could try ebaying it with a reserve you'd like to achieve or chucking it in autotrader see if anyone bites...

[un1eash]

People saying they'll give you 2k is different from someone actually paying you 2k.

[cartledge_uk]

Put it in perspective, a MINT mk1a in rare blue went on ebay for £500 and didnt meet reserve.

TBH they all appear to make £500-700 maybe £1k at a push atm

[Jaspa]

So he asked me if i would like to have it for whatever price i got for mine!

I've give you £100 for it, you give that to him, everyones a winner

[markybhoysmr2]

haha!! jaspa i like your style m8 Is your name david dickinson (bargain hunt) my dads willing to give me a four grand beemer but i dont think he'd be chuffed if i threw him a ton for it!

cheers for your answers folks i'll need to have a think!!

[WeirdNeville]

I think prices have been static for a good few years now, IMO it's £500 for a runner, £1000 for a decent one and £1,500 up for a mint car, less miles = more money.

I happily paid £1,600 for mine, as it was a one owner car with silly service history and I love the colour.

I paid £600 for one back in 2003 and it was a dog. You get what you pay for, although hunt hard and bargains can be found.

[Lauren]

I think prices may have been static pre-recession.

I'm not sure that is the case though. There are more cars on the market I guess as a result so prices on all used cars are going to come down.

[BIGBOBO]

You should export it to Belgium :p

Less than 1000 AW11's sold, so even the most beaten up rustbucket will fetch 1000€.

Most MR2's in fair condition go for 2000 or maybe 3000€. Restored ones are double that.


I bought mine for 2k 1,5 years ago and haven't seen one for the same price in the same condition.

[widster]

One of my friends is a director in a large company who pass used cars on to dealers. There is currently a lot of demand for used cars and prices are at an all time high (believe it or not). The same goes for auctions. Prices are often achieving way above CAP clean (the average price for a car in good condition). However, i think this applies more to cars under 5 years. The MR2 is more of a specialist purchase, often a second car and possibly a luxury for a lot of people at these times.

[Swiss Toni]

One of my friends is a director in a large company who pass used cars on to dealers. There is currently a lot of demand for used cars and prices are at an all time high (believe it or not). The same goes for auctions. Prices are often achieving way above CAP clean (the average price for a car in good condition). However, i think this applies more to cars under 5 years. The MR2 is more of a specialist purchase, often a second car and possibly a luxury for a lot of people at these times.

I'm not sure which planet that applies to, but it isn't this one I'm afraid..

The "classic" market is fragmenting - some cars maintaining and rising in value, most stagnating, some falling.

The market for the vast majority of 3 year old rep boxes is on its bottom - good news if you are a buyer...

[widster]

One of my friends is a director in a large company who pass used cars on to dealers. There is currently a lot of demand for used cars and prices are at an all time high (believe it or not). The same goes for auctions. Prices are often achieving way above CAP clean (the average price for a car in good condition). However, i think this applies more to cars under 5 years. The MR2 is more of a specialist purchase, often a second car and possibly a luxury for a lot of people at these times.

I'm not sure which planet that applies to, but it isn't this one I'm afraid..

The "classic" market is fragmenting - some cars maintaining and rising in value, most stagnating, some falling.

The market for the vast majority of 3 year old rep boxes is on its bottom - good news if you are a buyer...

You are wrong and most people are under the same impression as you. Speak to anyone in the industry and there is high demand for good 2nd hand cars at the moment.

[Swiss Toni]

One of my friends is a director in a large company who pass used cars on to dealers. There is currently a lot of demand for used cars and prices are at an all time high (believe it or not). The same goes for auctions. Prices are often achieving way above CAP clean (the average price for a car in good condition). However, i think this applies more to cars under 5 years. The MR2 is more of a specialist purchase, often a second car and possibly a luxury for a lot of people at these times.

I'm not sure which planet that applies to, but it isn't this one I'm afraid..

The "classic" market is fragmenting - some cars maintaining and rising in value, most stagnating, some falling.

The market for the vast majority of 3 year old rep boxes is on its bottom - good news if you are a buyer...

You are wrong and most people are under the same impression as you. Speak to anyone in the industry and there is high demand for good 2nd hand cars at the moment.

OK

Speak to anyone in the industry...

Erm.

Looks at self in mirror.

[widster]

I'm not sure which planet that applies to, but it isn't this one I'm afraid..

The "classic" market is fragmenting - some cars maintaining and rising in value, most stagnating, some falling.

The market for the vast majority of 3 year old rep boxes is on its bottom - good news if you are a buyer...

You are wrong and most people are under the same impression as you. Speak to anyone in the industry and there is high demand for good 2nd hand cars at the moment.

OK

Speak to anyone in the industry...

Erm.

Looks at self in mirror.

Speak to someone who works at a large auction centre, i.e. BCA Measham, who says 'the job is on fire at the moment'. Everyone is looking for good stock. I bid on a 55 Mondeo last Tuesday which needed approx £300 of bodywork and tidying. CAP clean £3950. Sold for £4300. One example of many. The auction hall was absolutely packed, much more so than usual. Many dealers are looking at moving used cars as new ones are not selling.

[Swiss Toni]

Would BCA Nottingham be OK?

[widster]

Would BCA Nottingham be OK?

Yes, BCA Nottingham would be fine as an example too. Same applies.

[un1eash]

I believe there is some truth to what widster is saying. No one is buying new cars but then people still need cars so the second hand market is booming. Prices have dropped alot though in the past year. Theres going to be a shortage of new cars soon so second hand prices may start to increase.

[widster]

I believe there is some truth to what widster is saying. No one is buying new cars but then people still need cars so the second hand market is booming. Prices have dropped alot though in the past year. Theres going to be a shortage of new cars soon so second hand prices may start to increase.

Thanks for that. I'm not making it up! I happen to have friends in high places in the motor industry who tell me these things. As you say unleash, high demand for used cars instead of new = shortage of good stock for dealers = high prices. I have no vested interest in whether prices are high or low apart from the fact that i will be buying a new everyday family car son and would prefer them lower! Of course, a lot of this is not relevant to the Mk1 as it is considered a luxury by many in these hard times.