scoobynutta555

With this whole car tax issue for post 2001 cars, has anyone noticed any rise in value of late classics? I've noticed a few threads more than usual from people wanting to buy classics, especially the later models.

I have had two non solicited offers on my car too (MY00). Is it worth hanging onto as an appreciating asset?

I've seen swingeing depreciation in 05/06 models too.

Silver Scooby Sport

iTrader: (15)

I've not noticed anything but then again not really looked to much into it, more relief for me really because faced with a huge road tax bill I think it would have to go.

Being £185 a year it makes it more of an ideal choice of second car than ever now. I don't mind it being parked up for periods of time through winter or even during the week when running the small car to work, mine works out at £11 a week these days tax/insurance/mot if it turns a wheel or not. I would like to think this could help boulster the value even with fuel costs.

jameswrx

iTrader: (4)

Doesn't the tax go up to £300 a year next year anyway on a 2000 model.

scoobynutta555

No. Mine's £185 until April 2010 when it'll leap to £200

bob r

iTrader: (46)

I am of the opinion that the insurance has gone up on classics recently.
A quote on a standard (non WR) RB5 was £750 which was the same as a modded MY03 STI.
A mate has just had a quote on an (non WR) RB5 and his was £100 more expensive than a JDM newage STI.

scoobynutta555

My insurance is the same at £640 with extensive mods. That's withoutspending more than 20 mins shopping around.

lordharding

iTrader: (1)

My insurance has come down to £300 for a 00 classic

and was £400 last year and £450 year before

StickyMicky

i was looking at classics in the autotrader yesterday for 1700 quid lmao

that is just comedy pricing now

McWRX

I dont think they have gone up looking through the ads - come down if anything as stated above

StiX

iTrader: (4)

I think they have come down a lot quite recently.

My W-Reg MY00 with 100k and some nice mods, until recently I thought it was worth 4k easily.

Now, looking at some 99-00s that have been struggling to sell - I think mine is worth 3-3.5k tops.

joekont

Totally agree.
Prices have plummeted in the last 9 months.

My low mileage MY99 with a tad under 320bhp was worth, I reckon, £5500 a year ago.

Be lucky to see £4000 for it now. And I begrudge selling spomething for less than it's worth. And I don't think the current market truely reflects the cars worth hence I'm not gonna sell it. So let the mods begin again. It's just not worth selling!

ash002004

iTrader: (1)

I thought theyd come down?? im buying a bugeye over the next month fingers crossed and jus need to sell my classic now to go towards it, bloody hard, lol. even tried a quote from Sell Your Used Car Online For Free - We Buy Any Car and actually was only 400quid less than what im asking for it, so not bad

DazW

iTrader: (1)

Having been looking on Pistonheads for the last 3-4 months I'd say prices are still pretty much in free fall ...cost of unleaded & people tightening their belts having a much bigger impact on the market than people swapping to older cars that are cheaper to tax, imo.

Example being i was looking for a V5/6 Type RA this time last year, prices were around £10K ...from what's selling/sold on PH that figure is now closer to £8K

stevie1982

iTrader: (16)

imo they keep on falling and will do for a while yet, other than fuel and tax i thikn the main issue is people who aare selling are letting tem go for too little as they need or want to get rid which is haveing an overall effect on the market price. i paid ok money for mine at the start of the year but now as its a highish millage but on a new engine and clutch i dont think i woul dget more than 3.5k if i am lucky

at that point i might as well keep it as a play toy as the money that it has cost me to put it right will be a complete waste. so may as well chuck more at it and get a 6speed and 2.5 ltr done over the next year or two

SqeekyMclean

Nothing seems to shake the price of those evo's

SunnySideUp

A MY00 will be worth more and more than a newer Impreza as they age. Imagine an Impreza worth £2000 and having to pay £400+ on car tax? It won't happen (owning, say, a 2001)

exvaux

iTrader: (1)

my point exactly tried selling mine a month ago and best cash offer was 4k with what i spent on the engine rebuild its not worth selling at that price so ill just keep it and modify it i think now

redduc

tried these people Sell Your Used Car Online For Free - We Buy Any Car to see what they would offer me for my 1999 v6 type r,£3345 .
I would deffinately say they were coming down in price if that is any-thing to go by!

stevebt

iTrader: (8)

Mine is a 2003 JDM import STI and mine dropped to £185 this year so not all newer cars are in the higher tax band

stevebt

iTrader: (8)

The price of the car has nothing to do with the grouping for tax, If your car is only worth £2k and the tax is £400 then welcome to the real world

ash002004

iTrader: (1)

i think what he means, is that the tax for classics isnt going up, but the newage taxes are....so people would be more inclined into buying a classic over a newage to save money on tax

Silver Scooby Sport

iTrader: (15)

Good on you nice to find a loop hole

stevebt

iTrader: (8)

I think MOST people want newer cars and don't want to buy an older car and pay more on repairs to save say £200 on road tax ???

Mikkel

Yeah, classics are really getting on now so only the true classics (i.e. low mileage and unmolested 22Bs and P1s etc) will be worth anything. It's only £200 difference, which if you can't stomach then you shouldn't own an Impreza.

All cars have plummeted in value of late, except the exclusive models, thanks to the economy in general. If newage prices drop, then classics will be negatively effected as well, as few will buy an older car for more than what they can get a newer one for the sake of £200 a year.

SunnySideUp

Wrong.

Imagine, if you will, a MY00 Classic Impreza £200 Car Tax - then align it to a MY01 Impreza £450 Car Tax.

Both cars are identical in mileage, condition, history - both are priced at £2000.

It doesn't take an intellectual to know that the Classic will sell for £2000 - the BugEye will not sell (probably the car is worthless as over 5 years of ownership you will have to pay an ADDITIONAL £1250 tax!!) ..... I would be so bold as to suggest that the MY01 BugEye would have to be broken for parts.

Nick_Cat

iTrader: (5)

Sparshatts of Botley have a MY2000 UK Classic in mica red with 45k on the clock, looks totally standard. Screen price: £7999

Nick

EddScott

EVO6s being offered under 8K? No nothing shifts them

trails

iTrader: (41)

phone MoleyWRX up...mine was £450 with all mods declared (TD05 18g, 550's ect)...worth a phone call.

scoobynutta555

Everytime I call the guy I either never get through or don't have calls returned

Late classics have over the last few years (IIRC) have in general been worth more than early bugeyes, thats BEFORE this extra tax comes into place.

Classic prices may well have dipped a bit since this fuel thing, but not as much as newer shape Imprezas. The depreciation on the cars only a few years old is phenomenal.

Just MOT'd my car a few days ago, flew through it. All I've spent is money on an oil and air filter and an oil change. If you get a good car and look after it Imprezas don't cost much at all to maintain. If this tax thing goes ahead I can see the best cared for classics being quite sought after. Yes things can go wrong on classics but they won't lose several grand in depreciation in the first year. For the life of me I can't see why anyone would want a new one?

The Trooper 1815

iTrader: (31)

Try his direct number 02082 880275. Spoke to him 5 mins ago.