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MG TD TF 1500 - Recent spike in TF values?

I was researching insurance on Hagerty's web site and couldn't help but notice that the valuation of MG TF's has jumped up markedly in the last 6 months (see photo). What do they know that I don't know?

Jack Long

Jack

Here in the UK interest rates are rock bottom so any standard investment is wiped out by inflation.

Good vintage / veteran cars here in the UK are increasing in price too.

Why put your money in the bank when you can make a little on a car and have the fun of driving it.

I doubt we will ever make a fortune from these lovely cars..but who cares. They are ours and we all love them !
Ray Coyte

It must be that pair of wiper knobs made out of pure unobtanium! :-)
-David
D. Sander

I have a friend who is a very good machinist. When I told him the TF wiper knobs were unobtainium, he looked at mine and thought he could machine new ones out of metal billet. Paint them black and who would know?
Jack Long

Jack,

That's because TFs are a fantastic looking vehicle!! (lol)

I have always found it interesting that TFs and TDs in the USA are relatively cheap compared to say Australia and UK.Perhaps one factor is the large numbers of these models shipped to the US in the fifties.

About 20 months ago,a well restored TF was advertised in Queensland for $75,000 and sold for $70,000.The cost of restoration latterly has soared in Australia for a few reasons.One of these is that there is a rapidly diminshing number of quality commercial restorers still operating.Although New Zealand
has a small population,the classic car enthusiasts in that country are so fortunate to have quite a few of the best restorers in the world.

We are fortunate in that most of us can do our own bodywork including the wood frame,panelling etc.Compared to a Healey for example,this area of our cars is relatively straightforward.The Healey bodywork can hide extensive 'naughty' rust which can cost a fortune to restore with the 'experts'.Hence their prices it seems have taken off.

Looking at the 'Vehicle Values Detail',in real terms from 2006,there does'nt appear to be much of an overall price increase,particularly for the top cars.

Regarding values generally,most of us will never make a lot of money from our cars.
However,when one 'shoots the breeze'down the freeway or up in the hills areas,money is never considered in any shape or form!

Cheers
Rob Grantham
TF3719("Aramis"),TF9177("Athos").
Rob Grantham

Like a lot of other items, the economy, the stock market, plus a few other things, gives us the urge to buy or not to buy. Impulse is another factor, maybe the most important one, even though I hate to say it! We've all over paid for something we "need", grin. If the cars don't sell for an inflated price, their value will come down, it's just a roll of the dice. Hopefully the value of our cars will increase over time. In my case, I could possibly break even, but I don't give it much hope! Grin. PJ
Paul sr

Have look at this article


http://www.wealthdaily.com/articles/investing-in-classic-cars/4748
Rod Brayshaw

This thread was discussed between 28/10/2013 and 02/11/2013

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