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Help! TR7 V8 Value & Selling Advice


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Hi All,

 

Forgive me for asking a dumb question but I'm thinking of selling my TR7 & need some advice on its value.

 

1977 TR7 V8 conversion, black, webasto roof, showing 82000 miles, converted with Rimmer Bros parts, 4 pot calipers, lovely alloys. Excellent totally solid condition, just some rust on the bottom of passenger door. Currently on sorn but will MOT prior to sale.

 

Lovely car, I just don't get the chance to use it.

 

Can you give me a little advise on where to advertise it and at what price please?

 

 

Many thanks, David

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Hi All,

 

Forgive me for asking a dumb question but I'm thinking of selling my TR7 & need some advice on its value.

 

1977 TR7 V8 conversion, black, webasto roof, showing 82000 miles, converted with Rimmer Bros parts, 4 pot calipers, lovely alloys. Excellent totally solid condition, just some rust on the bottom of passenger door. Currently on sorn but will MOT prior to sale.

 

Lovely car, I just don't get the chance to use it.

 

Can you give me a little advise on where to advertise it and at what price please?

 

 

Many thanks, David

 

David,

 

To get some idea of price look on this web site, TR Drivers web site, ebay and another general site is the http://www.classiccarsforsale.co.uk

 

Hope this helps

 

Jim Johnson

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David,

 

A good base line is the V8 Conversion kit is around the £1500 / £2000 range so depending on the rust to the bottom of the door and the quality the paint is in e.g. engine bay condition etc.

 

So for a good guide is most likely in the £2000 + but people like to bid on ebay and can get rusty cars with a full v8 cnversion kits at lot less money, than the V8 Conversion kit price etc and we all like to buy a bargain.

 

Its also down to location of car and finding the right person looking for TR7 FHC V8.

 

Hope this helps

 

Jim

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Hi David,

 

7V8 prices are enormously variable, and as Jim rightly says a lot depends on location and finding the right buyer.

 

A fixed head with a new MoT has to be worth £1000, as a starting point, even if it is a bit doggy. Thereafter, anything up to £4000 - and the devil is in the detail.

 

The sun roof detracts considerably from structural stiffness, so with the sheer torque of the V8 that's a distinct minus for many buyers - but not all. Not everyone values ultimate roadholding above fresh air :rolleyes:

 

If I was looking to sell a 7V8 . . . I'd be asking my MoT man to give it a really thorough going over, and I'd pay him for an hour's extra time to really go over all the bits that don't come under the MoT - and to jot down his observations as to 'advisories'. Put yourself in the position of a would-be buyer. It's reassuring to know what the problems are likely to be, because there are always going to be problems. Buying a car that a decent mechanic has looked over properly and in detail, and put his name to, reduces the risk factor considerably. You know what you're letting yourself in for.

 

At the risk of stating the obvious, a pressure washer underneath to shift all the accumulated muck and grime before it goes in for MoT is well worth the time and effort. Garage man and buyer alike can see what's there, rather than guessing on the pessimistic side !

 

I'd also invest in a sensible modest service with a detailed invoice. New fluids all round, new filters and plugs, a minor tune-up, that makes one heck of a difference to the way the car goes and stops.

 

Finally I'd make sure that the boot area and cockpit floor beneath the carpets are all accessible - that's where the real rot can lurk, and the biggest potential area of expenditure.

 

I may just have been lucky, but over the years I've always tried to sell cars as described above, in the sort of state that I'd prefer to buy them - and I've achieved decent prices and made some good mates as a result.

 

Best of luck, to you and the new owner.

 

Cheers,

 

Alec

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  • 2 weeks later...
  • 3 years later...

Hello everyone,

 

I'm resurrecting this thread, blimey, 4 years since I posted it!

 

I am definately selling it because I need the space. It has just been MOT'd and only needed a water thermostat seal.

 

Here are some photo's, i'd be most grateful if someone could give me an idea on value:

 

 

 

post-4604-0-15422700-1350842307_thumb.jpgpost-4604-0-57322900-1350842316_thumb.jpgpost-4604-0-87979800-1350842324_thumb.jpgpost-4604-0-42097100-1350842342_thumb.jpgpost-4604-0-16311800-1350842357_thumb.jpg

post-4604-0-15422700-1350842307_thumb.jpg

post-4604-0-57322900-1350842316_thumb.jpg

post-4604-0-87979800-1350842324_thumb.jpg

post-4604-0-42097100-1350842342_thumb.jpg

post-4604-0-16311800-1350842357_thumb.jpg

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Since June of this year I have seen 44 TR7V8's for sale online and of those, 20 have sold (16 DHC's and 4 FHC's). The average selling price for DHC's was £3500 with the highest selling for £7000 for a good condition Grinnal conversion and the lowest for £300. The price band for a very good DHC V8 was between £3500 to £5000, whereas MOT'd cars requiring TLC typically go for £1800 to £2500 and the cheapest ones have sold for between £300 and £750.

 

FHC's have attracted far weaker money and have sold for between £1000 and £2000 for very good condition cars with the highest price paid being £3995 for an exceptional condition "Premium" specification car. Of course there have been fewer FHC cars sold than DHC's so its a little harder to establish fair market value...

 

The reason I know this is that I have been keeping a record of the vehicles sold and the prices paid since June 2012.

 

Why be such an anorak?

 

Good question!!

 

I am in the market for a good condition FHC but I was unsure of what price I should be paying. A good car through a dealer was attracting too much of a premium and the private seller market seemed to fluctuate so much that I had no real idea of what the fair value was.

 

I now have a record of the asking prices of most of the cars that have been advertised online over the last six months (year registered, mileage, condition, colour, location etc) and also what the selling prices have been too. This has given me the information I need to help me decide what is a reasonably priced car and what isn't and consequently I can spot a bargain if I see it.....

 

Its been quite an interesting little exercise even if it is a little sad!!

Edited by BizMan
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Just in case you are interested in the other models:

 

TR7 (FHC) 27 sold @ average £1350

TR7 (DHC) 43 sold @ average £2100

 

TR7 Sprint (FHC conversion) 5 sold @ average £3000

TR7 Sprint (DHC conversion) 6 sold @ average £2200 (yep, DHCs sell for less)

 

TR8 (RHD genuine FHC) 0 sold

TR8 (LHD genuine FHC) 0 sold

 

TR8 (RHD genuine DHC) 0 sold

TR8 (LHD genuine DHC) 3 sold @ average £7300

Edited by BizMan
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Not sure I can give you a definitive answer as it would depend if you are looking to auction it (eBay) or sell it in a classified. Also what condition do you think it is in and also where in the country you are.

 

Re-reading your description, it seems as if the car would fit in the 'needs some TLC' category in which case it should be in the £1000 to £2000 price range so if you were to auction it you might want to start at around £1100 to £1300 and set the reserve at a minimum price you would be happy with. If you were to sell it in the classifieds then I would start at £2200 and be prepared to come down!

 

Location is important as over the past few months I have seen good cars in far flung places (eg Highlands or West Wales) go for considerably less than poor cars in more accessible areas (say London or the Midlands). For example, a good condition 1980 DHC with 40,000 miles was sold in the Highlands for less than £1k whereas a comparable car with over 100,000 miles was sold in Surrey for £3500.

 

My best advice is to advertise it for what you want for it and the market will soon tell you if you are right or not!

 

 

Good luck!!

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Thanks for your reply. I will post it on a classic car website.

 

I don't think it's in the 'Needs TLC' category judging by the ad's I've looked at so far and there is no way I would let it go for £2000. One specialist has told me £3000, which I would be happy with.

 

I'll report back with progress in the weeks/months to come :)

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  • 1 year later...

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