Price of mk5 GTI's

[pudding]

That's just mad! Wonder why they are selling it if they have kept it for all this time?

Apparently some of the car speculators are suggesting the bubble is about to burst.   So I guess the highest priced cars are being moved on quickly before it all comes tumbling down.

I drove an Escort Cossie years ago and remember thinking what an over rated, coarse, wallowy boat it was.   Paying £65K for that defies all reason and logic! Still, anything with a remotely interesting history commands a premium these days.  MK1 GTI, UR Quattro, Cosworths, Escorts etc.  Ford and Cosworth had an interesting alliance, so I guess anything with that badge will command an even bigger premium.

Speaking of Cosworth, they designed the R32's cylinder head, and Audi's original 4.2 V8.  Very clever engineers.

[grey golfster]

Imho....The mk5 gti has as good as chance as any, and it is very easily argued a better chance than most of becoming a "classic" and therefore a disproportionately expensive "asset".

I look back at my 67 Cooper S (sold in 80) and 71 TR 6 (sold in 1990) 78 Karmann Beetle cabrio (sold 96) - all immaculate, and weep at what they are "worth" today!
When the TR was selling, I was looking at an e type Jag as a replacement...not a hope in hell nowadays!

Thing is, life gets in the way...mortgages, kids, kids uni etc.....
....And, where to store all your toys meanwhile? Even if (like most of us) you will need the funds locked up those assets to buy some grotty family car/holiday/property etc.
You'll need a dry, airy, secure barn or similar; even then I eventually returned to find my cabby covered in sh1te, from birds nesting in the eaves. I gave up, sold it.
So you'll need to keep loving your toy too...or use a commercial storage facility (£250 a month?)
Imho those that have invested time and money in their cars deserve whatever the market will stand.
However, the classic car "investment" thing has crashed before, and will do so again!

If my ed was low mileage and orig I'd be keeping that, but it's neither!

[willni]

That's just mad! Wonder why they are selling it if they have kept it for all this time?

Apparently some of the car speculators are suggesting the bubble is about to burst.   So I guess the highest priced cars are being moved on quickly before it all comes tumbling down.

I drove an Escort Cossie years ago and remember thinking what an over rated, coarse, wallowy boat it was.   Paying £65K for that defies all reason and logic! Still, anything with a remotely interesting history commands a premium these days.  MK1 GTI, UR Quattro, Cosworths, Escorts etc.  Ford and Cosworth had an interesting alliance, so I guess anything with that badge will command an even bigger premium.

Speaking of Cosworth, they designed the R32's cylinder head, and Audi's original 4.2 V8.  Very clever engineers.

Can the bubble really burst? It's not really like the housing boom peoples aren't getting mortgages or loans to buy these kinds of cars. People are buying them because they want them and often the previous owners don't intend on selling them keeping the market low and demand relatively high.

Speaking of the alliance of Cosworth, the Mercedes Cosworth is another car that's gone up massively in price up to £250,000 for a collectors piece. Which I think isn't actually that great a car think it's just aged badly because it was so technically advanced in it's day, (they even had air suspension).

Side note if the classic market does crash I'm sure the worst to be hit will be Jay Leno

[pudding]

That's just mad! Wonder why they are selling it if they have kept it for all this time?

Apparently some of the car speculators are suggesting the bubble is about to burst.   So I guess the highest priced cars are being moved on quickly before it all comes tumbling down.

I drove an Escort Cossie years ago and remember thinking what an over rated, coarse, wallowy boat it was.   Paying £65K for that defies all reason and logic! Still, anything with a remotely interesting history commands a premium these days.  MK1 GTI, UR Quattro, Cosworths, Escorts etc.  Ford and Cosworth had an interesting alliance, so I guess anything with that badge will command an even bigger premium.

Speaking of Cosworth, they designed the R32's cylinder head, and Audi's original 4.2 V8.  Very clever engineers.

Can the bubble really burst? It's not really like the housing boom peoples aren't getting mortgages or loans to buy these kinds of cars. People are buying them because they want them and often the previous owners don't intend on selling them keeping the market low and demand relatively high.

Speaking of the alliance of Cosworth, the Mercedes Cosworth is another car that's gone up massively in price up to £250,000 for a collectors piece. Which I think isn't actually that great a car think it's just aged badly because it was so technically advanced in it's day, (they even had air suspension).

Side note if the classic market does crash I'm sure the worst to be hit will be Jay Leno

Not so much the classic car market per se, but car flipping in general, where certain cars are bought purely for profit.  The 911 R being a good recent example of that!  It will surely have a knock on effect with grossly overpriced cars in general, like that £65K Escort.  I can't imagine anyone wants to buy an example like that to drive around daily in!  Cars like that are purely for collectors / speculators.   I know the old adage "An item is worth what someone is willing to pay" is true, but ridiculously overpriced cars isn't sustainable when wages have stagnated and the world is in civil unrest....blah blah!

I always preferred the 190E Cosworth over the Sierra Cosworth for some reason, even though the latter was more successful on the race track.

[willni]

That's just mad! Wonder why they are selling it if they have kept it for all this time?

Apparently some of the car speculators are suggesting the bubble is about to burst.   So I guess the highest priced cars are being moved on quickly before it all comes tumbling down.

I drove an Escort Cossie years ago and remember thinking what an over rated, coarse, wallowy boat it was.   Paying £65K for that defies all reason and logic! Still, anything with a remotely interesting history commands a premium these days.  MK1 GTI, UR Quattro, Cosworths, Escorts etc.  Ford and Cosworth had an interesting alliance, so I guess anything with that badge will command an even bigger premium.

Speaking of Cosworth, they designed the R32's cylinder head, and Audi's original 4.2 V8.  Very clever engineers.

Can the bubble really burst? It's not really like the housing boom peoples aren't getting mortgages or loans to buy these kinds of cars. People are buying them because they want them and often the previous owners don't intend on selling them keeping the market low and demand relatively high.

Speaking of the alliance of Cosworth, the Mercedes Cosworth is another car that's gone up massively in price up to £250,000 for a collectors piece. Which I think isn't actually that great a car think it's just aged badly because it was so technically advanced in it's day, (they even had air suspension).

Side note if the classic market does crash I'm sure the worst to be hit will be Jay Leno

Not so much the classic car market per se, but car flipping in general, where certain cars are bought purely for profit.  The 911 R being a good recent example of that!  It will surely have a knock on effect with grossly overpriced cars in general, like that £65K Escort.  I can't imagine anyone wants to buy an example like that to drive around daily in!  Cars like that are purely for collectors / speculators.   I know the old adage "An item is worth what someone is willing to pay" is true, but ridiculously overpriced cars isn't sustainable when wages have stagnated and the world is in civil unrest....blah blah!

I always preferred the 190E Cosworth over the Sierra Cosworth for some reason, even though the latter was more successful on the race track.

Speaking of the Porsche. Porsche themselves have started to set about trying stop people buying their top models like the 911R and flipping them for profit, as they want the price to remain the price from new or less. I suspect there will be a clause in buying them that stipulates Porsche must over see all future sales of the car by acting as a middle man.

Personally I think people should look after these kinds of cars to the best of their ability, not don't drive it but don't drive it into the ground by treating it as a work van, but then there's those people you see on the comments on facebook saying "If I won the lottery I'd buy this 1,000 mile e-type jag and burn it out to teach everyone a lesson".

As with the wages stagnated and civil unrest etc you can't do much about it it's like saying the london riots were caused by a little girl dropping her ice cream in Scotland then again the butterfly effect... We all just have to get on with it until the news drops a lot of it's stories like they did with ebola in West Africa.

[AJP]

The 'flipping' market is as much of a joke as the classic market.

As for the Escort Cosworth itself, as much as it probably wouldn't stack up too well against say the latest Focus RS, it's one hell of a relevant car in terms of moving the whole hot hatch game on in the 90s. I say hot hatch, even though it was actually a Sierra with Escort body panels.

It's always been a bit of a halo car, hence why it's never depreciated. But 65 grand, put simply, is the world gone mad. 

[pudding]

From what I've understood from various articles and YouTube clips, Porsche had a hand in that flipping debacle!  Only sending the 500 units to 'chosen' dealers around the globe.....dealers who just happened to have a preferential client list.....who just happened to be rich speculators.  Poor old Joe Public who had the money for one, and just fancied it as an enthusiast.....were priced out of the opportunity because the speculators were paying way over list, and getting 1st dibs anyway.

Yeah the Cossie is a Halo car for sure.  Not for me personally it isn't, I prefer the UR Quattro, but I can see why they're sought after.

[willni]

From what I've understood from various articles and YouTube clips, Porsche had a hand in that flipping debacle!  Only sending the 500 units to 'chosen' dealers around the globe.....dealers who just happened to have a preferential client list.....who just happened to be rich speculators.  Poor old Joe Public who had the money for one, and just fancied it as an enthusiast.....were priced out of the opportunity because the speculators were paying way over list, and getting 1st dibs anyway.

Yeah the Cossie is a Halo car for sure.  Not for me personally it isn't, I prefer the UR Quattro, but I can see why they're sought after.

True at least VW had the right idea with the edition 40 and clubsport S first come first served.

[pudding]

From what I've understood from various articles and YouTube clips, Porsche had a hand in that flipping debacle!  Only sending the 500 units to 'chosen' dealers around the globe.....dealers who just happened to have a preferential client list.....who just happened to be rich speculators.  Poor old Joe Public who had the money for one, and just fancied it as an enthusiast.....were priced out of the opportunity because the speculators were paying way over list, and getting 1st dibs anyway.

Yeah the Cossie is a Halo car for sure.  Not for me personally it isn't, I prefer the UR Quattro, but I can see why they're sought after.

True at least VW had the right idea with the edition 40 and clubsport S first come first served.

I don't see the appeal of the R anyway, a de-RS'd RS with 1980s seat cloth and a manual gearbox....and some pretty natty 1980s stripes! 

The clubsport S is a fine thing.  It's on the DriveTribe channel as one of the greatest cars of all time, not just greatest 'FWD' car.  VW haven't been up there at the top with their GTIs for decades, so was good to see it getting some big praise!  VW are making the 'S' parts either prohibitively expensive to retrofit, or not available for after sales purchase, which is good.  It stops fakery.  My local dealer had an 'Edition 30' in recently, but was actually a diesel when the bonnet was lifted 

[willni]

From what I've understood from various articles and YouTube clips, Porsche had a hand in that flipping debacle!  Only sending the 500 units to 'chosen' dealers around the globe.....dealers who just happened to have a preferential client list.....who just happened to be rich speculators.  Poor old Joe Public who had the money for one, and just fancied it as an enthusiast.....were priced out of the opportunity because the speculators were paying way over list, and getting 1st dibs anyway.

Yeah the Cossie is a Halo car for sure.  Not for me personally it isn't, I prefer the UR Quattro, but I can see why they're sought after.

True at least VW had the right idea with the edition 40 and clubsport S first come first served.

I don't see the appeal of the R anyway, a de-RS'd RS with 1980s seat cloth and a manual gearbox....and some pretty natty 1980s stripes! 

The clubsport S is a fine thing.  It's on the DriveTribe channel as one of the greatest cars of all time, not just greatest 'FWD' car.  VW haven't been up there at the top with their GTIs for decades, so was good to see it getting some big praise!  VW are making the 'S' parts either prohibitively expensive to retrofit, or not available for after sales purchase, which is good.  It stops fakery.  My local dealer had an 'Edition 30' in recently, but was actually a diesel when the bonnet was lifted 

I actually like the 911R, porsche in any of their forms just drive like nothing else they're  pure, also like the styling it's like the Rs but more subtle like the Edition 30 compared to the R32 similar but ones louds and chromed the other subtle and blends in.

I'm glad VW are making it to Clubsport S can't be copied, copies definitely do take away from genuine versions of any car, not much but it's generally the copies like diesels that aren't looked after and make a bad impression.


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