kit cars - resale price vs kit cost
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Testing the future
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From: W. Sussex
kit cars - resale price vs kit cost
having read the viper power kit car thread,
https://passionford.com/forum/viewtopic.php?p=4045826
i got to thinking about builfding one. just a failry standard 2 litre type one.
if you buy a kit from westfield or caterham and assemble yourself, is there any chance of getting your money back at resale time?
i've always wanted to build one, but don't want to do it just for it to cost a large amount of wedge. but if the resale chances and prices are high it would be great to do, drive for a few months and then sell.
where can i find prices for used examples?
https://passionford.com/forum/viewtopic.php?p=4045826
i got to thinking about builfding one. just a failry standard 2 litre type one.
if you buy a kit from westfield or caterham and assemble yourself, is there any chance of getting your money back at resale time?
i've always wanted to build one, but don't want to do it just for it to cost a large amount of wedge. but if the resale chances and prices are high it would be great to do, drive for a few months and then sell.
where can i find prices for used examples?
PassionFord Post Whore!!
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From: london baby!
my friend bout his WHOLE kit for 12.5k after a little haggling with westfield
now its built and registered on an 07 plate if he was to put it up for sale he would get 15k easy!!
5 year old cars with 5-10k on them of similar spec are still worth between 10.5-12k
they are deprecation proof (within reason)
now its built and registered on an 07 plate if he was to put it up for sale he would get 15k easy!!
5 year old cars with 5-10k on them of similar spec are still worth between 10.5-12k
they are deprecation proof (within reason)
Regular Contributor
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From: Hampshire
If you're clever with purchases you will break even or make on it. If you go back to westfield, cateram, dax etc.... and purchase each stage of the components you'll struggle to break even on resale let alone profit.
Key to selling a kit car at a top price is the build quality, quality components and installation and the fitted engine go a long way.
Rob
Key to selling a kit car at a top price is the build quality, quality components and installation and the fitted engine go a long way.
Rob
Originally Posted by foreigneRS
good news so far you're telling me what i want to hear - although maybe not my girlfriend or bank manager 
you're telling me what i want to hear - although maybe not my girlfriend or bank manager
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always fancied a caterham R(series) when i was younger 
PassionFord Post Whore!!
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From: london baby!
Originally Posted by Rob
If you go back to westfield, cateram, dax etc.... and purchase each stage of the components you'll struggle to break even on resale let alone profit.
my mate bought ALL of his car from westfield, and could easily turn a profit if he decided to sell it now
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Rory - what I think he means is that most of the companies will offer the option to buy as a complete kit, or 3 part comprehensive kit, 5 part etc, or each part priced individually.
As you would expect, the more you purchase in one go, the cheaper the price.
As you would expect, the more you purchase in one go, the cheaper the price.
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From: Hampshire
Originally Posted by gingeRS
Originally Posted by Rob
If you go back to westfield, cateram, dax etc.... and purchase each stage of the components you'll struggle to break even on resale let alone profit.
my mate bought ALL of his car from westfield, and could easily turn a profit if he decided to sell it now
guarenteed
PassionFord Post Whore!!
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From: london baby!
Originally Posted by Rob
if you keep reciepts for all purchases, I bet the "WHOLE kit" actually will cost more to put the kit on the road guarenteed
guarenteedas far as i am aware his kit came in six modules, sum total = 12.5k
Legend
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From: Surrey/Hants
Originally Posted by foreigneRS
good news so far you're telling me what i want to hear - although maybe not my girlfriend or bank manager
you're telling me what i want to hear - although maybe not my girlfriend or bank manager ] then you should at least get your money back?? If it takes up more time than you'd normally devote to a project/hobby when you could actually be earning money.... even if you considered your own labour at minimum wage....
Do you think you'd actually finish it? I seem to remember you had an old escort that would have been a great project sat somewhere for years?
If you do get one, give your missus my number
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Testing the future
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From: W. Sussex
Paddy
my time is not exactly worthless and is not infinite, but i would almost be willing to pay to do that as a hobby, so to do it and potentially be able to turn a profit would be brilliant
i did have a mk1 escort that i never finished. part of that was that i moved to germany and had to leave it behind, but it really only needed bodywork and paint to finish and they're something that i would not be happy doing and are not necessary on a kit car.
Chip-3Door no loan necessary
the original would depend on the standard of their work so far i suppose, but if you could buy a virtually unstarted one it could be cheaper.
do people recomend staying with one of the big names, caterham and westfield, or are any others, e.g dax, tiger etc worth considering> and i don't necessarily mean from a driving point of view, more from the resale point of view?
i think a bike engined one could be fun, but then again a 2 litre NASP with plenty of torque is plenty fast enough and would be great fun on track days and more flexible on the road.
my time is not exactly worthless and is not infinite, but i would almost be willing to pay to do that as a hobby, so to do it and potentially be able to turn a profit would be brilliant
i did have a mk1 escort that i never finished. part of that was that i moved to germany and had to leave it behind, but it really only needed bodywork and paint to finish and they're something that i would not be happy doing and are not necessary on a kit car.
Chip-3Door no loan necessary
the original would depend on the standard of their work so far i suppose, but if you could buy a virtually unstarted one it could be cheaper.
do people recomend staying with one of the big names, caterham and westfield, or are any others, e.g dax, tiger etc worth considering> and i don't necessarily mean from a driving point of view, more from the resale point of view?
i think a bike engined one could be fun, but then again a 2 litre NASP with plenty of torque is plenty fast enough and would be great fun on track days and more flexible on the road.
Thread Starter
Testing the future
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From: W. Sussex
i can't see myself wanting to drive a coffin for years - i've got a bike for that
i have always wanted to build one, and am now in a position to pay for one but would not do so if it will lose me money. sure i want to enjoy it for a bit after it's built, but not hold on to it for years and years.
also need one for the larger build of chap (as in taller, not particularly lardy). what are the options?
i have always wanted to build one, and am now in a position to pay for one but would not do so if it will lose me money. sure i want to enjoy it for a bit after it's built, but not hold on to it for years and years.
also need one for the larger build of chap (as in taller, not particularly lardy). what are the options?
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From: Hampshire
Originally Posted by gingeRS
Originally Posted by Rob
if you keep reciepts for all purchases, I bet the "WHOLE kit" actually will cost more to put the kit on the road guarenteed
guarenteedas far as i am aware his kit came in six modules, sum total = 12.5k
Along the build you will be using various consumables, tooling etc.... dont get me wrong tools are an investment anyway but all additional costs to the build. But it would be nieve to think the 12.5k and you have the car for that ammount. 12.5k is the cost for a large airfix kit
I've seen my bros build 2 dax's and his accounts are meticulous, the little things really do add up.
BTW my bros RV8 Dax went for 15k in the end but also took a long time to sell. Kit cars dont sell quick but they can obtain good money. me personally I can think of much better ways to spend my money than a coffin on wheels
PassionFord Post Whore!!
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From: london baby!
Originally Posted by Rob
Ok does the kit include an engine and running gear (would normally include things like shortened prop in the kit) Or do you require a donor to begin with? then there;s the SVA testing a registration on top. And then often there are the replacement of items you had to put on for SVA to make the car look cool again
The kit includes EVERYTHING, apart from the SVA fees and MOT which is probably £200, since completeing its SVA nothing has needed to be changed, and nothing needs to be made look cool
Along the build you will be using various consumables, tooling etc.... dont get me wrong tools are an investment anyway but all additional costs to the build. But it would be nieve to think the 12.5k and you have the car for that ammount. 12.5k is the cost for a large airfix kit
As far as i'm aware the only things that are needed are more rivets, antifreeze, engine oil and brake fluid, toolings are an investment and not a build cost, i have the right tools to build one in my shed, so nothing specific is needed
I've seen my bros build 2 dax's and his accounts are meticulous, the little things really do add up.
thats the difference between a Dax and a westy though
BTW my bros RV8 Dax went for 15k in the end but also took a long time to sell. Kit cars dont sell quick but they can obtain good money. me personally I can think of much better ways to spend my money than a coffin on wheels
i agree they are fun, but i wouldnt wanna invest that much money in something so dangerous, i just borrow my friends one
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Testing the future
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gingeRS that's what i thought, but they're good points raised by rob
tools are also not a problem where i will be building it how handy will the compressor and air rivet gun be! those things are marvellous and stop you getting riveters/wankers RSI
tools are also not a problem where i will be building it
how handy will the compressor and air rivet gun be! those things are marvellous and stop you getting riveters/wankers RSI
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Testing the future
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i don't see the need for cossie power tbh. it will be enough fun with a NASP 2 litre - not mega quick, but quick enough and with good throttle response and induction sound from throttle bodies
the one in my sig is a Robin Hood mate, wouldnt recommend them! But, it was very very cheap and I didnt have 5k to blow on a westie so i went for it. Its heavy and the suspension is crude, but its got a 150bhp 2.1 pinto so goes well and sounds great
Its nothing special at all, but for the money its great fun and exactly what i wanted really (cheap enough not to worry about etc).
You are more than welcome to have a look mate anytime, Im only just up the road from where you work, Thornhill Crossroad just after Tesco roundabout
Its nothing special at all, but for the money its great fun and exactly what i wanted really (cheap enough not to worry about etc).
You are more than welcome to have a look mate anytime, Im only just up the road from where you work, Thornhill Crossroad just after Tesco roundabout
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Testing the future
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From: W. Sussex
sweet. you'll have to bring it to the next PF meet on the last wednesday of the month just up the A33. next month Alex, the leader, wants as many cars as poss for a photo shoot and it would be good to meet you
PassionFord Post Troll
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From: Shropshire.
My m8 is on his third build at the minute,all been MK Indys with bike engines
This was his first build,on its third owner now,cost him just over £4000 to build,sold it for £7300 after using it for a summer:
http://cgi.ebay.co.uk/ws/eBayISAPI.d...7648&rd=1&rd=1
Have you considered a bike engined kit??????
Great drive with the 6 speed sequential gearbox and clutchless up changes
The above kit with the ZX9 Ninja engine was easily faster than a Indy with a 2.0 ltr XE Vaux on carbs that was pushin 180bhp
This was his first build,on its third owner now,cost him just over £4000 to build,sold it for £7300 after using it for a summer:
http://cgi.ebay.co.uk/ws/eBayISAPI.d...7648&rd=1&rd=1
Have you considered a bike engined kit??????
Great drive with the 6 speed sequential gearbox and clutchless up changes
The above kit with the ZX9 Ninja engine was easily faster than a Indy with a 2.0 ltr XE Vaux on carbs that was pushin 180bhp
PassionFord Post Troll
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From: Shropshire.
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