35 replies to this topic

[Will001]

I've been on the hunt for a little while now for a VX.

I found this car for sale that seems out of normal price ranges http://atsearch.auto...201120387550085

VAUXHALL VX220 2.2 16v , 2 Doors, Manual, Soft-Top, Petrol, 2003 53 Reg , 56,000 miles, Blue. Radio/CD, ABS, Alloy wheels, Lumbar support, Immobiliser, Sports seats, Alarm, Drivers airbag, Front head restraints, Solid Paint, Cloth seat trim, Front fog lights. Insurance Group:17, HPI CLEAR, £6,990

I've got my eye on a few VX's. But am getting more and more worried about resale values dropping over the next few years. Parker's price guide has VX's alot lower than advert prices.

What's everybody's thoughts on this topic?

[ChrisS1]

That one has been for sale for ages by the same dealer. There was a thread about it a few days ago...I'll see if I can find it...

[ChrisS1]

Here you go http://www.vx220.org...e-or-not-to-be/ http://www.vx220.org...-unsellable-vx/

[Seb.F]

I've not really noticed that big of a drop, compared to 2 years ago when I bought my first one. I bought it for £7700, with 55k miles and on a '52 plate. I'm currently selling a 2001 car with 98k miles (but a new engine with 40k miles) for £6700. That seems fair enough, considering if you look around on pistonheads and here the same spec car as my old one is pretty much the same price...

[siztenboots]

they are all heading over to Europe , you could double the price and they would still sell to the continent.

[Pidgeon]

But am getting more and more worried about resale values dropping over the next few years. Parker's

Cars depreciate, it's a fact. You will lose no more in two to three years of VX ownership than you will lose in the two to three seconds it takes to drive a new car off the dealership forecourt.

[JG]

In general the prices are stable or increasing. accident damaged, or poor condition cars will always depreciate faster. I'm still staggered by how little the vx has depreciated in over 6 years of ownership.

[ArticMonkey]

The sorry looking examples and cat C/D cars will loose more over the years and people want rid so drop the price for a tempting quick sale. A well looked after VX with all the right mods and service history will hold well in the currant Market. End of the day the cars only worth what someones willing to pay. If it was a mint example then I'd pay over the odds everytime.

Edited by ArticMonkey, 23 May 2011 - 09:33 AM.

[Will001]

Thanks for the input. I've just been reading all about the blue one. Very interesting. How much of a deal is a lowered VX? Does it effect the insureance? What about road humps etc?

[vaux2008]

If people keep there prices up and stop putting them up for quick sales they will stop dropping. As been said before these cars are aimed at a small markets (car enthusiasts usually) who like to have stripped out basic interiors with snappy handling. When I come round to putting my n/a up for sale it will be at a price i think it's worth. If it takes ages to sell that is the case.

[JG]

I'm never selling mine, so its fairly accademic

[The Batman]

I can't afford to sell mine now

[Will001]

How much of a deal is a lowered VX? Does it effect the insureance? What about road humps etc?

[Seb.F]

How much of a deal is a lowered VX? Not much, a lot do it when it goes on aftermarket suspension.

Does it effect the insureance? I can imagine it would but not by much.

What about road humps etc? Depends how much it's been lowered by...

[Ouchie]

Does it effect the insureance?

It's a modification, think about it.

[jonnyboy]

Prices are steady but summers not kicked in yet so we should see the usual rise in the next couple of months. Still amazes me prices are as low as they are though. The Elise prices are sky high. The S1's have gained a lot over the last couple of years. I think people are sensing Lotus going into self destruct mode and realising that within a couple mire years you will not be able to buy a car like the current Elise and Exige. It's a real shame the tricklediwn doesn't fully come to us just because of the badge!

[Denzle]

I've been on the hunt for a little while now for a VX.

I found this car for sale that seems out of normal price ranges http://atsearch.auto...201120387550085

VAUXHALL VX220 2.2 16v , 2 Doors, Manual, Soft-Top, Petrol, 2003 53 Reg , 56,000 miles, Blue. Radio/CD, ABS, Alloy wheels, Lumbar support, Immobiliser, Sports seats, Alarm, Drivers airbag, Front head restraints, Solid Paint, Cloth seat trim, Front fog lights. Insurance Group:17, HPI CLEAR, £6,990

I've got my eye on a few VX's. But am getting more and more worried about resale values dropping over the next few years. Parker's price guide has VX's alot lower than advert prices.

What's everybody's thoughts on this topic?

"Well" to answer your question truthfully.....It depends on the car you are buying and are you willing to pay the price. We are in a specialist car with the vx220 and as far as the price guide book is concerned, you can throw that through the window.

Check the car over....what condition is it in....how many miles are on the clock....has it been looked after like a baby or thrown round a few tracks.

This is what determines the price that you are willing to pay.

For instance I bought my 2001 vx220 na yesterday, and paid 9k for it. "WHAT".........you might think.

O.K. its a 2001, but look at it like this. It has been looked after like a baby by its first owner. Its first few years in a heated garage. Its as clean underneath as it is on top, apart from a few stone chips on the front which is unavoidable.

The second owner only used it on summer days, and again looked after.

With only 13,000 miles on the clock, in perfect running order with all services up to date what do you pay for a car like this. You cant tell me that this car should sell at book price....No way... This is a 20k+ car with little milage for 9k

So its up to you to decide......and balance the price with the condition of the car...... Good luck in finding the right one for you.

Also remember that these are one off cars and the prices should level out and start to rise again....just like cars from the past....Also there seems to be a big interest from abroad now so. What would you pay for a good nick Morris Minor....Healey 3000...Austin Healey Sprite.....A 1930s Austin 7..........

There you go...Theres your answer.... Denzle....

Edited by Denzle, 23 May 2011 - 11:56 AM.

[The Batman]

I see it as vx dogs depreciate like a used sandwich and mint vxs hold the value a lot better You get what you pay for

[FLD]

I'd say prices are disproportionating. The good cars are going up, the rough ones are going down. The VX is getting to an age where they are starting to fall apart if not maintained. These are the ones that are cheap. A well maintained one will be dear. I suspect that some people get a cheap VX because of what it is, find the monumental mountain of maintainance daunting and sell up quick for cheap. What does make things difficult is that buyers will use the cheap ones to barter down sellers of good ones (I would). Sellers of good ones need to hold their nerve!

[2.2_na]

You get what you pay for

The cheap ones that are for sale at low prices - seem to be a sign of their condition and need of money spending on them after buying.