487 replies to this topic

[gaffer1986]

That's very low mileage. With 50k miles it's probably worth around £10k. As there are so few cars with that mileage it's hard to gauge its value and it really comes down to whether or not you find a buyer who values a car with low mileage. The problem with paying a premium for a low mileage old car is that premium is wiped out if they want to use the car, so the number of people willing to pay a premium is low unless it's an investment and a VX220 isn't a very good investment.

[C8RKH]

.org web and facebook site and pistonheads.

For a quick no hassle sale call Jon Seal.

[Mani]

Are vxr values going up again?

[Strugs]

Are vxr values going up again?

 

Jon seems to think so! Mine only made £22k at auction, mint, 20k miles, end of 2019..

[mbes2]

Are vxr values going up again?

You selling it?

[Mani]

Are vxr values going up again?

Jon seems to think so! Mine only made £22k at auction, mint, 20k miles, end of 2019..

22k does seems a bit low

[Mani]

Are vxr values going up again?

You selling it?

No. Just interested to see what prices these rare beasts command.

[AMOSS]

I assume that the prices will remain low if people keep advertising and selling them for low prices.  These cars are becoming more rare each year as more are crashed or broken for up spares, thus the price should increase in theory.  The demand is there as there is not a lot of choice for this type of vehicle.

[Mani]

Prices are only going to go up with time. A great investment which you can enjoy.

[C8RKH]

I've had my VX220 for 4 years now. Never considered it an "investment", just a great little toy to play on track and road, and relatively cheap to run, maintain etc.

 

From what I have seen, a properly sorted NA/SC/Turbo VX driven by a good driver can keep up with just about any much newer Lotus/similar car on challenging fun tracks like Cadwell etc where it is not all abut having 400bhp to punch the wind for the high top speeds.  I could buy a newer "faster" car for the track, at 5 times the VX cost - like an Elise 240/250 or Exige V6 - but I doubt I would be much faster around the tracks so my plan is just to keep maintaining the VX and enjoying it for what it was intended - B road blasts and fun times on the track.  The best £8k I have ever spent!

 

I am sure that relatively mint, low mileage, low use cars may go up in value, but cannot ever see them going wild - the VX does not have the racing heritage of things like Ford Escorts etc and Vauxhalls in general, despite being one of the oldest UK car brands, are not sought out with real gusto by collectors. So in my very humble opinion your late teens "mint" NA or Turbo will probably rise in value at a snails pace for the next few years and you may see £20k - £25k for a wee period. You may get a wee acceleration on that a slightly higher peak as the last of the "petrol" generation wake up to them as an affordable toy and realise that at best it will be depreciation free motoring from then on.

 

But in reality who is going to buy them?  The cars are already 20 years old.  The age of current owners is probably very late 40's on average. New people coming into VX's seem to be in their mid 30's+. And by the team people get to their mid fifties some complain re access etc so move them on.  The younger generation coming through are not "in to cars" the way we are or were, so I just do not see where the market will be for "expensively appreciating VX's" in the future. I mean, look at values of older MG's etc. Hardly going to make you a Rockafella and arguable more attractive in the classic market.

 

So, keep your car. Polish and don't drive it. And you may see a return on your investment in the next 5-10 years of say £5-7k max minus whatever it has cost you to tax, insure, polish and maintain it.  So in real terms you make what £3-5k max? VXR's will always be worth more and may prove the exception to the rule due to their very limited nature.

 

Or, love it for what it is. A relatively cheap, simple, reliable rocket and use it well and get a priceless return in fun, experiences, memories etc.

 

I just don't get people's fascination with "investments" as opposed to just screwing every ounce out of life as it is so short.  I'm 55 next January and looking to jack it all in and retire. I expect the mileage on my VX to rocket for every year I can continue to get in, drive it, and find the part to keep it on the road.  I guarantee to you I will get considerably more value out of that use, than any potential investment return on an undervalued, under rated, plastic sh*t box of a car from Vauxhall. It ain't a Lotus. It does not have the brand cachet. It does not have the following (outside of those like all of us on here in the know).  just because it is niche, does not make it an investment.

 

Anyway, just an alternative view from an old fart who prefers to use it than polish it lol....

Edited by C8RKH, 21 April 2021 - 03:42 AM.

[gaffer1986]

They have gone up a little bit over the last 5 years. I would say they will be worth about £30k when they're 50 years old (the equivalent to £30k today which will probably be £60k in 30 years due to inflation). That's my guess, so not really an investment as that's only about £500 a year increase overall. I've made this guess by looking at other cars that are 50 years old and in good condition.

[coldel]

I think its the other way around, its a great thing to enjoy that also allows you to lose very little money on it (unless you happen to catch the tuning bug lol). I will love driving mine for as long as I want it and sell it for a fair bit more than I bought it I am sure. Ultimately the prices of Elises will dictate the prices of our cars, if they continue to climb and get out of reach of some buyers and the alternatives (be it porsche or the like - yes its not the same but in the mindset of some buyers they sit in the same bracket) are priced in a way that doesnt turn heads then I can see VXs climb in price behind the Elise. 

 

I owned an R33 Skyline a few years back and at the time had to put up with the JDM community saying it wasnt a proper Skyline this that and the other. R34 and R32 Skylines skyrocketed in value and now my 5k R33 would be worth somewhere in the region of 15k+ as it becomes desired by those that want a Skyline but cannot get near an R34 or R32.

 

The market is going to be god knows where in 20 years. Car ownership could well be a thing of the past, leasing huge, EV or hybrid fuels or whatever the norm. Im hearing lots of people say its cheaper to uber around than actually own a car given how much they use it. To try and put a price on ICE cars 20 years down the line is going to be impossible, too many moving parts.

[C8RKH]

I do not think you can link VX prices to Lotus Elise prices going forwards. Sorry, but people who WANT a Lotus don't buy a VX - they WANT a Lotus.

 

You will get VX buyers who want the driving dynamics and capability and have done their homework and so will land at a VX. But those who say "I want an Elise" and end up buying a VX will be few and far between in my opinion.

 

It's like someone wants a TR6 and is happy to settle with an MG midget. It rarely happens like that.

 

I agree, a VX these days is likely to be depreciation free motoring for several years. I just do not see them as "investment" cars, apart from maybe garage queen VXR's.

 

 

[Strugs]

...Sorry, but people who WANT a Lotus don't buy a VX - they WANT a Lotus....

 

.. But those who say "I want an Elise" and end up buying a VX will be few and far between in my opinion..

 

 

 

I did! I wanted a Lotus. Couldn't afford one. Bought a VX. Haven't looked back.. 100% there'll be more who got into VXs that way, and 100% there'll be more..

 

Did the same in buying my 1966 Daimler V8 saloon. Couldn't afford a Mk2 Jag. Love the Daimler, now wouldn't want a Jag (ok, if someone gave one to me..   ). Values of (good) Mk2s have carried on climbing, and, now, so have Daimlers (albeit still worth less than the Jag..).

 

Seen it the value of good E30 325 BMWs when E30 M3 prices went mental, too.

 

There's probably less badge snobbery involved in Jag vs Daimler than there is in Lotus vs Vauxhall but I think there is some semblance of a link between the value of a 'halo' model and capable 'lesser' model..

Edited by Strugs, 21 April 2021 - 10:54 PM.

[C8RKH]

I guess time will tell if we are right. I'm just going to get my enjoyment and returns from using it.

[gaffer1986]

If the Elise goes up in value for sure it will bring the VX up with it. What's stopped prices rising is the fact there is an abundance of Elise's and they still make them. Although they will be stopping production soon it will take around 20 years of not making them for prices to rise.

[gaffer1986]

You could just do what I've done and buy a new MX5. I know exactly what prices will do 😂 I should expect to lose about £15,000 over 3 years. But despite it is a second car I've already done 5000 miles in 5 months as it's very usable, pound per mile it's not too bad. The PCP deal is 6000 miles a year based on the fact I did 5000 miles a year in the VX, looks like I will be paying the balloon payment! 😄

[crackerjack]

Hope you are right, I have been holding onto a VXR for years now as my son wanted it, he lives in Norway so we don't get the chance to use it much although I do keep it up and running all the time.We took it out over the Christmas period and bearing in mind he is now 6'-4" it is too small for him.

ive just posted a vx lightning yellow on piston heads for £13.5k as the time seems right to sell a low mileage(24k)


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[james.a]

Sold my Vx on Monday.

Bought it with 60k on the clock. Sold it with 131k on it.

Owned it for 11 years.

Sold for more than I paid for it.

That definitely equals a profit right

[crackerjack]

Wow. I’ve not heard of many owners making a profit after so long. Good job. I bought her 2 years old so I’m not getting all the money back, but maybe close. Might even advertise it here!


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