Why spend £15k on a QP worth less than £10k?

Motorsport3

Motorsport3

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rockits said:
I do agree and although I'm fairly passionate about my cars they are a hunk of material metal at the end of the day.

If I were loaded I think I would be fussy to the enth degree. However I'm not so will continue to try to get the best cars I can for the best prices I can while making an odd compromise along the way.

I will always try to buy a car, spec, colour that I feel I could sell easily enough if I ever needed to. Also if the buy price was keen it allows me to sell on price if I needed to as well Sometimes the wrong car will not sell at any price unless it is.sill silly cheap.

There is a Grigio Nuvolari QPV for £7995 now that must have been for sale for 3 years. It is low mileage as well but rough and just isn't selling even at £8k.
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I think i know which car you mean, and to me a QPV that's been sitting for 3 years and is looking rough, could easily translate to £15k+ before it is looking relatively smart and is dependable.

I'm not particularly fuzzy either about my cars and as you i like them and want to use them for what they are. Just from my experience i have seen that the more specialist a car the target group is very small to start with and very emotional about it and should be a consideration when time comes to sell. For example I used to have a ferrari 456 GT silver with ligh blue interior. Now the typical potential 456 buyer is looking for a blue metalic with tan leather interior. So although silver with light blue interior is actually a historic racing 250 SWB combo, not a lot of people now it or appreciate it and so it took a lot of time to find someone.
 
gb-gta

gb-gta

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What is a QPV worth to break as spares?Engine, gearbox, lights, bumpers, ecu’s etc. This usually sets the bottom price. I mean, how low can they go?
In the end all the rough ones, rotten subframes etc, will surely just get broken for parts, leaving just the nice ones.
This has happened to an extent with my 147GTA. Most of the ones left now are nice ones, in the main the ropey ones have all been broken for spares. I think now anything below a certain price, about 5 or 6k just gets broken up now as it’s worth more in pieces.
Seems like we must be near that level now with early rough QPV’s.
 
Silvercat

Silvercat

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rockits said:
I do agree and although I'm fairly passionate about my cars they are a hunk of material metal at the end of the day.

If I were loaded I think I would be fussy to the enth degree. However I'm not so will continue to try to get the best cars I can for the best prices I can while making an odd compromise along the way.

I will always try to buy a car, spec, colour that I feel I could sell easily enough if I ever needed to. Also if the buy price was keen it allows me to sell on price if I needed to as well Sometimes the wrong car will not sell at any price unless it is.sill silly cheap.

There is a Grigio Nuvolari QPV for £7995 now that must have been for sale for 3 years. It is low mileage as well but rough and just isn't selling even at £8k.
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Exactly my point. No one wants to buy QPs these days unless you want to give them away. Which I wont do so to be honest the thought of ragging my stunning QP around the lanes of the Lake District is looking like the best option now. And if I'm honest with myself, I cant wait....( just need to convince the missus) ..the market is frankly broken right now so rather than try and fight it, I am going to exit and F---- it. Time to enjoy
 
rockits

rockits

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D4mn right and enjoy it you will. Your loss is your gain in a weird way. Things happen for a reason I mostly believe so maybe this is your QP's way.of letting you know something.
 
MarkMas

MarkMas

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Silvercat said:
Or maybe I just break it down for spares and make a killing in the aftermarket. Would be a great shame to do this but maybe thats the only way to make some real value out of this machine.
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That would be sad, and there are plenty of rougher QPVs around that would make more sense to break.

In the end it is always going to be a 'buyer volume' issue. There are not many buyers and the market is unlikely to magically create many extra buyers, so anyone who is interested can take their time, and shop around.

And people are afraid of big bills.

A couple of ideas would be:
  • just wait for spring and the good times that the BoJo era is bound to bring :)
  • pump up the buyer volumes with a PR campaign - can we get a nice article in Modern Classics about QPVs, for example, Nath?
  • insulate nervous buyers from risk (variators done is a good start) but also maybe throwing in a 1-year warranty (which might cost £2,000, but might shift a car)
  • maybe there is a way to get cheaper warranties - can the forum or an established dealer / specialist do something in this area?
 
Nayf

Nayf

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MarkMas said:
That would be sad, and there are plenty of rougher QPVs around that would make more sense to break.

In the end it is always going to be a 'buyer volume' issue. There are not many buyers and the market is unlikely to magically create many extra buyers, so anyone who is interested can take their time, and shop around.

And people are afraid of big bills.

A couple of ideas would be:
  • just wait for spring and the good times that the BoJo era is bound to bring :)
  • pump up the buyer volumes with a PR campaign - can we get a nice article in Modern Classics about QPVs, for example, Nath?
  • insulate nervous buyers from risk (variators done is a good start) but also maybe throwing in a 1-year warranty (which might cost £2,000, but might shift a car)
  • maybe there is a way to get cheaper warranties - can the forum or an established dealer / specialist do something in this area?
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The allocated Maserati quotient has been allocated for features this year. Exciting stuff in store, but alas not a QPV (for the time being).
 
Silvercat

Silvercat

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MarkMas said:
That would be sad, and there are plenty of rougher QPVs around that would make more sense to break.

In the end it is always going to be a 'buyer volume' issue. There are not many buyers and the market is unlikely to magically create many extra buyers, so anyone who is interested can take their time, and shop around.

And people are afraid of big bills.

A couple of ideas would be:
  • just wait for spring and the good times that the BoJo era is bound to bring :)
  • pump up the buyer volumes with a PR campaign - can we get a nice article in Modern Classics about QPVs, for example, Nath?
  • insulate nervous buyers from risk (variators done is a good start) but also maybe throwing in a 1-year warranty (which might cost £2,000, but might shift a car)
  • maybe there is a way to get cheaper warranties - can the forum or an established dealer / specialist do something in this area?
Click to expand...
May be the better times are just around the corner......here's hoping!
Cam shells, CAM tensioners, front suspension bushes, battery, front ABS sensors, full service all done and new GTS alloys and and front grill fitted etc..Plus the subframe has been sprayed with 'Dynatrol.' So frankly there isnt really much else I can do to make it more of an attractive proposition. I'm not going to spend £2k for a warranty on a 10 year old car when the price is already rock bottom. But then again, maybe I should put the price back up £2k (to £18,950) and offer the warranty. Still a bargain even at this price.
 
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Gazcw

Gazcw

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Silvercat said:
May be the better times are just around the corner......here's hoping!
Cam shells, CAM tensioners, front suspension bushes, battery, front ABS sensors, full service all done and new GTS alloys and and front grill fitted etc..Plus the subframe has been sprayed with 'Dynatrol.' So frankly there isnt really much else I can do to make it more of an attractive proposition. I'm not going to spend £2k for a warranty on a 10 year old car when the price is already rock bottom. Maybe I should put the price back up £2k (to £18,950) and offer the warranty. Still a bargain even at this price.
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There is a blue 2009 4.7 S 61000 miles on ebay which has been for sale for an age. It was 19k and now sub 15k. Granted it won't have had as much as yours has had done, but it shows how even trade are struggling on these.

I plan to keep and use mine as what is the point of losing thousands then losing more when you change cars. May as well see those losses as the imaginary war chest....
 
Silvercat

Silvercat

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Gazcw said:
There is a blue 2009 4.7 S 61000 miles on ebay which has been for sale for an age. It was 19k and now sub 15k. Granted it won't have had as much as yours has had done, but it shows how even trade are struggling on these.

I plan to keep and use mine as what is the point of losing thousands then losing more when you change cars. May as well see those losses as the imaginary war chest....
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I am coming around to the high probability now that I will be keeping this machine and will continue to enjoy it!
But sadly what the current market conditions would suggest is that QP's are unfortunately becoming a liability when it comes to resale. I bought my QP 3 years ago this month and paid just under £24k for it with 44k on the clock. 3 years later and only 6k added to the mileage I cant even sell it for £16,950. Unreal. It has to be the worst car purchase I have ever had in 40 years of driving, both from a % depreciation perspective and the fact that no one wants to buy them. If someone had said this to me 3 years ago then I probably wouldnt have bought it. Then again, if I hadnt then I would never have fulfilled a childhood dream, so I guess everything has its price.
So come the end January I will be driving the QP again around Cumbria and North Yorkshire and looking forward to 'turning heads' again when driving through Windermere and Ambleside ...
 
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Gazcw

Gazcw

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Silvercat said:
I am coming around to the high probability now that I will be keeping this machine and will continue to enjoy it!
But sadly what the current market conditions would suggest is that QP's are unfortunately becoming a liability when it comes to resale. I bought my QP 3 years ago this month and paid just under £24k for it with 44k on the clock. 3 years later and only 6k added to the mileage I cant even sell it for £16,950. Unreal. It has to be the worst car purchase I have ever had in 40 years of driving, both from a % depreciation perspective and the fact that no one wants to buy them. If someone had said this to me 3 years ago then I probably wouldnt have bought it. Then again, if I hadnt then I would never have fulfilled a childhood dream, so I guess everything has its price.
So come the end January I will be driving the QP again around Cumbria and North Yorkshire and looking forward to 'turning heads' again when driving through Windermere and Ambleside ...
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Definitely need to drive it more and enjoy it..
 
safrane

safrane

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This will make you feel better.

In 2002 I bought a used (ex Peugeot) 18m old 607 V6 for £17k... sold for £150 five years later for scrap as it was worth nothing...and I could not sell it to anyone... they retailed at £30k new.

Totaly different car but big limos loose tones.
 
E

Ebenezer

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4,551
Had mine almost 6 years now and have put on almost 30K miles and enjoyed every one. No point in keeping it for high days and holidays. Paid 22k and probably spent the same again all in over that time. It's worth peanuts to the world, but the world to me.

Make sure you red line it often, be childish in tunnels, marvel at it's rarity and let your eye linger on its senual curves. Drive on into the sunset with verve, panache and style.

The likes of these thoroughbred transcontinental express dinosaurs will not be seen again.

Eb

Not sure what came over me!
 
stevepen

stevepen

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It’s not just the QP. Look at similar age V8 BMW, Merc, Audi, Lexus ect. They are all around the same point. I’ve got a mint E500 2006 that’s only worth around £5k. Bargains for the few that want them.


Sent from my iPhone using Tapatalk
 
gb-gta

gb-gta

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Even if you only got 15k for it that’s only 3k/year, 250/month in depreciation.
Go and check what you could have leased for 250/month with no deposit and that will make you feel much better, plus your average will only get better the longer you keep it!
It’s not going to lose another 9k in the next 3 years.......I think...!
 
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Silvercat

Silvercat

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safrane said:
This will make you feel better.

In 2002 I bought a used (ex Peugeot) 18m old 607 V6 for £17k... sold for £150 five years later for scrap as it was worth nothing...and I could not sell it to anyone... they retailed at £30k new.

Totaly different car but big limos loose tones.
Click to expand...
I understand your point but this is a Maserati with the rarety and pedigree which goes with it. So I wouldn't have expected it to continue to plummet in value like it has. Will be interesting see at what point does it hit the bottom of the curve and start to turn that elusive corner and begin to appreciate? Maybe in 15-20years time?
 
rockits

rockits

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I don't think you have done too bad to be honest. These big lumpy motors have always depreciated heavily from new until they get to £5k! Look at all the old big Mercs and AMG's.

There are so many alternative competing options out there and with a minuscule buyer marketplace it is tough. I bought my 2010 XJL SuperSport about a year ago for a fair bit less than your QP as a comparison.

Why are you looking to sell it? To get into something else? Or just don't need it any more?
 
MarkMas

MarkMas

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safrane said:
....In 2002 I bought a used (ex Peugeot) 18m old 607 V6 for £17k... sold for £150 five years later for scrap ....
Click to expand...

In about 2004 bought a lovely 3.7 Audi A8 with 50,000 on the clock for about £15,000, in one year, replaced two aircon fans (they have 7), replaced the brakes, replaced the tyres, replaced 4 bits of trim that just disappeared, rebuilt the gearbox (£1,500 compared with a quote to replace at £6,000) and refused to replace the dodgy ECU - traded it in after 14 months for £4,000, having spent about £5,000.
 
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