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Author: Subject: Fair price?
tadltd

posted on 26/5/05 at 03:51 PM Reply With Quote
Fair price?

I need some help, gents (and ladies...!)

I'm going to sell the prototype LMP car as a rolling chassis and need to set a fair price for it, so I'm looking for advice...

Basically it needs an engine, transmission (if not BEC), some plumbing and some wiring for it to be a runner again.





Best Regards,

Steve.
www.turnerautosport.com

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Peteff

posted on 26/5/05 at 04:42 PM Reply With Quote
I'll go as high as £250 if you'll deliver it. That's the going rate isn't it? The first one's got to be the dearest though hasn't it? All the others will just be copies.





yours, Pete

I went into the RSPCA office the other day. It was so small you could hardly swing a cat in there.

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tadltd

posted on 26/5/05 at 05:06 PM Reply With Quote
I'll take that as an insult.





Best Regards,

Steve.
www.turnerautosport.com

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ned

posted on 26/5/05 at 05:15 PM Reply With Quote
do radical's ever go as rolling chassis to give an idea?

i have seen various single seaters go for not a lot, but presumably yours includes all teh bodywork which makes it expensive!

Whats it worth fully built? Guess a radical or sports2000 can be had from £8-10k, old spersports car are going for around £12-15k complete.deduct cost of engine installation ( + transmission) take a wild stab at it!

I'd hazard a complete guess at £3-5k, depends on what else is on it i suppose, how much fuel system is intact, what brakes is it running (ally 4 pots?) dash/gauges etc, also think about what the cost would be of say buying a similar kit and speccing it up to where your car is at, then chop a bit off for 2nd hand/depreciation etc.

hope this helps?!

Ned.





beware, I've got yellow skin

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Jon Ison

posted on 26/5/05 at 05:20 PM Reply With Quote
well maybe you should take a look at the front of Ron Champions book to find reference too £250, this is a locst forum remember known for cheap copies

anyhow, i looked at the pics, the car looks great, if i had room i would make an offer on it & stick a bike engine in it, did you ever do any bike engined runs on UK circuits with the car and record any times ?

the bottom line is its worth whatever some one will pay for it like everything else.






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tadltd

posted on 26/5/05 at 05:30 PM Reply With Quote
Yeah, but I didn't pull bits off an old Mk2 Escort, or panelling off a scrap van to build it, Jon.

There's a lot of bespoke parts, which cost a fortune to tool (e.g. cast ally uprights, magnesium steering rack, etc.).

You basically get a complete car, minus engine and diff (driveshafts are included).

For approx. the price of a ZX12 engine (or Busa), a prop, and a differential, it would be ready for track days/racing. It's not a million miles away from being road legal, either.

Because it was the development prototype, it was never built to a particular spec', however it closely matches the LMP-SE spec' which retails around £26k inc. VAT.

I know that new, clubman rolling chassis from more established suppliers are in the region of £22-28k.





Best Regards,

Steve.
www.turnerautosport.com

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Jon Ison

posted on 26/5/05 at 05:41 PM Reply With Quote
ok, the point i was trying too get across was the £250 Pete mentioned was a tounge in cheek reference to the book not a reflection on what the cars true value was.....






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ned

posted on 26/5/05 at 05:42 PM Reply With Quote
having just done a quik search, radical clubsports are going for £8-12k for champion winning proven car from a large established firm.

I did find an sr4 as a roller for £17k, but do you think you can compare it to such a well known marque? regardless of whether it is a better car or not, people will always be suspicious of a car without an engine, i suspect it would be easier to sell complete, begs the question why is it not for sale with the engine? or why not chuck a standard engine in to sell it if yours is tweaked?

someone imho who is the type who would buy it and fit an engine or have one fitted is gonna think by the time they've budgeted several k for an engine they might as well go and buy a radical for hte same money that will have a known resale value.

I don't mean to cause offence as I do like the lmp, but think until it is strongly established, especially in competition where its main market should be imho (people who buy trackday toys are less likely to want to mess about putting an engine in something imho) then its resale on the used market will be limited as no one really knows what it is or what it's worth.

Ned.





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tadltd

posted on 26/5/05 at 06:16 PM Reply With Quote
Thanks, Ned - your input is appreciated.

FWIW we rarely timed it on any circuits because we always ran it at track days. However, it was just under 60s at Knockhill on road tyres in the early stages of development. But it might be quicker with a better driver than me in it...!





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Steve.
www.turnerautosport.com

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JoelP

posted on 26/5/05 at 06:22 PM Reply With Quote
i would finish it and put it on your site as a turnkey, gradually reducing price or inviting offers.

failing that, ebay it, with a long auction and suitable promotion in advance on your website. as they always say, its worth whatever someone will pay.






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tks

posted on 26/5/05 at 07:25 PM Reply With Quote
jeje

How much do you have in mind???

7Kpounds???

it will al depends on what it costs and what a kit costs from this car??

is there a kit???

TKs





The above comments are always meant to be from the above persons perspective.

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tadltd

posted on 26/5/05 at 08:14 PM Reply With Quote
Yes, there's a kit. It's all detailed on our web-site, but a comprehensive kit comes in at just under £11k inc. VAT.

A kit can be specified to any level of content, though, which can represent a large saving over the headline price.





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Steve.
www.turnerautosport.com

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DaveFJ

posted on 27/5/05 at 08:14 AM Reply With Quote
How about looking at it from a different perspective:

1. how much would it cost on top of the kit price to get this car up a running ready to race ?

2. How much are people willing to pay for a race car to compete at this level ? (you dont want to end up vastly more expensive than it's rivals but they should be a good guideline)

3, deduct 1 from 2 and you have your kit price ?





Dave

"In Support of Help the Heroes" - Always

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chrisf

posted on 27/5/05 at 12:50 PM Reply With Quote
Personally, I would apply your standard gross margin percentage to your roller cost--including your man hour cost to build it to the roller stage. The supply/demand law will dictate if you cost is too low or too high, and you can adjust from there.

Just my humble opinion.

--Chris

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tadltd

posted on 27/5/05 at 06:04 PM Reply With Quote
Spec

The spec is as follows:

Bodywork
7-piece GRP, painted, with, headlamp covers, rubber clips and all grille mesh. Brand new, marine ply floor; rear diffuser (GRP); front diffuser (GRP)

Chassis
Fully triangulated, MIG welded, powder coated, spaceframe, utilising CDS round tubing and box section. Roll hoops (cockpit and main) to latest RAC/MSA material spec. and safety dimensions. Double hoop cockpit bulkhead; pop riveted aluminium panels, removable cockpit cover; removable radiator mount/front crash structure

Suspension
Unequal length, oval section, TIG welded, adjustable wishbones all round, fully independent, coil-over bump adjustable AVO dampers, fully rose-jointed; bespoke cast aluminium (LM25), CNC machined uprights, with BMW E36 wheel bearings & hubs

Steering
Lightweight, bespoke magnesium steering rack; quick release steering wheel; collapsible Borgeson steering column

Fuel System
38 litre alloy, anti-surge fuel tank; external electric pump; aero filler cap; anti tip-over breather valve

Brake System
Girling reservoirs; Wilwood master cylinders (0.75 front, 0.625 rear); Wilwood adjustable bias brake pedal; Wilwood drop-forged 4-pot, alloy calipers all round; Hawk racing pads; rubber flexi lines, but will supply Goodridge lines if preferred; Cu/Ni solid lines; vented BMW E36 brake discs

Wheels & Tyres
Azev A wheels, 8.5x17 front, 10x18 rear; Toyo Proxes T1-S tyres

Cooling System
Ford Fiesta 1.6 Zetec radiator (latest model); Ford Fiesta 1.4 Diesel cooling fan & shroud (latest model); Samco rubber hosing; aluminium 'solid' pipes; electric water pump

Instruments
Nordskog digital instruments: Speedo (records 0-60, 1/4 mile, top speed); Tacho (records highest RPM); oil pressure (records hi & lo); oil temp (records hi & lo); water temp (records hi & lo); fuel level (reads in %) - dash panel also has an ignition cut-off and starter button

Gearshift
Push-pull cable operated, centrally mounted, sequential operation lever

Pedal box
Stainless pedal box; clutch pedal with cable operation; ergonomic swivel throttle pedal - all pedals have anti-slip tape on them

Interior
Fully trimmed GRP seats; Sabelt FIA approved 3" harnesses & pads (fitted as 4-point, but were bought as 6-point - the other straps were never fitted but are available); neoprene covered, alloy dash panel; chequer plate footwell; passenger foot rest; hand held fire extinguisher (resides under passenger legs)

Exhaust
Rear, stainless steel silencer (2.25" bore on the inlet side)

I think that's about everything!

[Edited on 27/5/05 by tadltd]





Best Regards,

Steve.
www.turnerautosport.com

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tadltd

posted on 12/6/05 at 04:34 PM Reply With Quote
The ad for this car is now on Pistonheads.

£10,000 for rolling chassis

£15,000 for ZX12 powered car

£30,000 for 300bhp GM Northstar power + 6-speed Porsche transaxle

Not locost, I know, but more FYI than anything else.

[Edited on 13/6/05 by tadltd]





Best Regards,

Steve.
www.turnerautosport.com

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