zilspeed
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| posted on 21/2/09 at 02:28 PM |
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Residual values
I was looking at an old Classic & Sportscar magazine the other day.
It was from 1994 and one of the articles was about an S1 Lotus Seven.
The article had them driving it all over the country and going and meeting people who would be considered important to the story of the Lotus
Seven.
As is usual with these types of article, they had an add on test of a current Caterham.
In this case it was a Classic. With steel wheels, no screen, 1600 xflow and a single carb, it was the entry level model of the period.
Cost then ?
£8,495.
Current value ?
Here's the very cheapest used car that Caterham themselves have for sale right now - a Classic.
http://www.caterham.co.uk/assets/html/preowned/preowned_class
ic_details.html?ID=338
That's a fairly safe way of owning a legend I reckon.
[Edited on 21/2/09 by zilspeed]
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britishtrident
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| posted on 21/2/09 at 02:52 PM |
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Caterham tend to try everything keep the residuals high it will be interesting to see what happens with the number of redundancies in city types who
tend to be the main buyers of Caterham's product ---- generally I think Classic Car prices are about to take a massive hit.
Interesting the value of real Lotus built S3 Sevens isn't high . --- S1 hold their values but S3 models buyers seem to prefer Caterhams.
[I] “ What use our work, Bennet, if we cannot care for those we love? .”
― From BBC TV/Amazon's Ripper Street.
[/I]
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iank
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| posted on 21/2/09 at 03:12 PM |
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Caterham have just dropped the price of their entry level kit to £5,450 (ad in the front of complete kitcar this month).
Going to be a tough time for replicas at that price considering what you get for the cash.
--
Never argue with an idiot. They drag you down to their level, then beat you with experience.
Anonymous
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