Miserable g**s.

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Miserable g**s.

Postby OldSpice » Tue Jul 25, 2017 8:23 am

Took the Mk2.5 up from Stirlingshire to Balvicar yesterday, what a glorious day it was.
There were a few really special cars out and about. A vicious, growling TVR Vixen, a gorgeous, straight 6 howling, red 99 points TR6 and (I suspect) a Dax replica "Cobra" as it sounded a bit softer... Rover V8 to me. Definately not a thumping great Ford small block.
Thumbs up & mutual appreciation from all..including another dark blue Mk1 & a silver Mk1.
4 NDs? One a brand new RF and very nice too....nothing. Zilch. Strange looks only including the pompous (looking) twit...complete with string back gloves & flip up shades I'm afraid..who ended up parking 10 feet from us at the Green Wellie having had "an issue" playing keepy up with the Sport for the previous 20 miles. What a look our 5 got. :lol:
I could see in the rear view he was trying...but bugging out and braking really early at the hint of the bend I'd just zipped through. Car clearly more capable than he is. A well driven Sport Nav would have had no issue. With a few notable exceptions "here"...it seemed a new "breed" of owner is developing.
Things move on I guess. Perhaps an isolationist ND Club only exists..in mentallity. :shock:
So saying...birds of a feather. A Mk1 nutter (me) club run/show stand would be in a different language!
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Re: Miserable g**s.

Postby IanH » Tue Jul 25, 2017 11:56 am

:lol:

The ND/RF has definitely bought some new owners to the market, mind you I'd say that a fair proportion of existing owners haven't really explored the capabilities of their cars no matter what model.. more than 40 on the road :shock: you're joking of course :oops:

I used to say I wouldn't want to be a member of any club that would have me as a member, yet here we are... :D
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Re: Miserable g**s.

Postby Scott_J » Tue Jul 25, 2017 10:21 pm

I'd say 95% of 5's aren't driven at anywhere near their potential, probably the 5% that are, are in the OC. Tailed a car last week, 40 in a 40 zone for a while, NSL sign, he accelerated to 45, I'm sure he also had string back gloves but i passed to quickly to get much of a look .
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Re: Miserable g**s.

Postby OldSpice » Wed Jul 26, 2017 12:27 pm

Aye lads.
Some of them need strapped into this for punishment.
http://www.motorauthority.com/news/1111 ... in-a-miata
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Re: Miserable g**s.

Postby pablo » Wed Jul 26, 2017 10:40 pm

NC's too :cry: I was out and about locally in my NA; lovely day so roof down, windows down and noticed a grey NC coming the other way. His roof was up :roll: but even so I gave him a friendly wave and thumb up to be met with a blank expression :shock: . I don't think he even realised I was driving an MX5 :lol:
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Re: Miserable g**s.

Postby OldSpice » Sat Jul 29, 2017 10:57 am

Pablo,
I've reversed my decision to scrap "your" Mk1 you sold me...how many years ago now?
Given there are few of mine left, at least of that exact specificaction, and prices for fixed or soild originals are going ( relatively) ballistic now, I'm putting in SORN till next year then shipping it off dahn sarf for restoration. It'll actually cost less that way to get it as I want it, than paying 5/7k for one I could be bothered about.
Paint is only 4 years old, and that was a pukka 2k repaint with a recent engine transplant from a low miles '99 car + God knows how many upgrade fettling bits..so it's got a head start. I'd not be bothering were it not for the fact that Mk1"right stuff" prices are rapidly hiking.
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Re: Miserable g**s.

Postby pablo » Mon Jul 31, 2017 10:22 pm

OldSpice wrote:Pablo,
I've reversed my decision.............I'm putting in SORN till next year then shipping it off dahn sarf for restoration.

Glad to hear Robin :D

Why are you sending it south of the border? Is it a particular sympathetic and skilled restorer you've sourced rather than using someone up here?
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Re: Miserable g**s.

Postby OldSpice » Tue Aug 01, 2017 10:03 am

pablo wrote:
OldSpice wrote:Pablo,
I've reversed my decision.............I'm putting in SORN till next year then shipping it off dahn sarf for restoration.

Glad to hear Robin :D

Why are you sending it south of the border? Is it a particular sympathetic and skilled restorer you've sourced rather than using someone up here?


Probably Gareth " The Mx5 Restorer". There are others.
Probably not the best fiscal decision I'll ever make, but for others neither is golf, spa weekends, £50.00 fillet steaks....and buying new cars with piano-down-a-lift shaft depreciation!
Life style choices for us all eh?
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Re: Miserable g**s.

Postby flood » Thu Aug 03, 2017 7:06 pm

OldSpice wrote:Pablo,
I've reversed my decision to scrap "your" Mk1 you sold me...how many years ago now?
Given there are few of mine left, at least of that exact specificaction, and prices for fixed or soild originals are going ( relatively) ballistic now, I'm putting in SORN till next year then shipping it off dahn sarf for restoration. It'll actually cost less that way to get it as I want it, than paying 5/7k for one I could be bothered about.
Paint is only 4 years old, and that was a pukka 2k repaint with a recent engine transplant from a low miles '99 car + God knows how many upgrade fettling bits..so it's got a head start. I'd not be bothering were it not for the fact that Mk1"right stuff" prices are rapidly hiking.


I am sending my rusty, but original s-limited down to a specialist in N England. Needs some sill work and a full respray.

Will let you know how it goes and costs.

I see it as an investment as well, as I am in no rush to sell it and see prices only going up.
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Re: Miserable g**s.

Postby drumtochty » Fri Aug 04, 2017 9:32 am

flood wrote:I am sending my rusty, but original s-limited down to a specialist in N England. Needs some sill work and a full respray.

Will let you know how it goes and costs.

I see it as an investment as well, as I am in no rush to sell it and see prices only going up.


I would reckon at best you will not depreciate by 20% a year as in normal car buying.

Talking to a friend who ran a car restoration business that did a lot of MGB's. Like MX5's, the vast majority of parts are still available for these cars, he reckons none of the cars that had to be professionally redone have even matched inflation over 10 to 15 years, there are just too many cars about.

Yes get yourself what you want, yes you will enjoy it, yes you may have low running costs but plenty of bit are starting to go wrong with the older cars.

Just do not believe for a minute it is an investment and do not assume you will get a financial return. You may if you think it will follow the Ford example but unlikely.
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Re: Miserable g**s.

Postby flood » Fri Aug 04, 2017 1:45 pm

drumtochty wrote:
flood wrote:I am sending my rusty, but original s-limited down to a specialist in N England. Needs some sill work and a full respray.

Will let you know how it goes and costs.

I see it as an investment as well, as I am in no rush to sell it and see prices only going up.


I would reckon at best you will not depreciate by 20% a year as in normal car buying.

Talking to a friend who ran a car restoration business that did a lot of MGB's. Like MX5's, the vast majority of parts are still available for these cars, he reckons none of the cars that had to be professionally redone have even matched inflation over 10 to 15 years, there are just too many cars about.

Yes get yourself what you want, yes you will enjoy it, yes you may have low running costs but plenty of bit are starting to go wrong with the older cars.

Just do not believe for a minute it is an investment and do not assume you will get a financial return. You may if you think it will follow the Ford example but unlikely.


I am not expecting to retire, sell it and live off the proceeds. I paid 850 for car about 7 years ago. Ran it for 6 months and kept dry in garage since.

I will be spending probably 2-3k giving it a good clean up over next couple of years. So it will owe me 4k or so if you add in my original price. It will then be kept dry and off salty roads. S-limiteds that are clean are currently selling for 4k. I doubt that they will drop below that and will edge up over time as non rusty ones survive.

Autolink have a 55km RS-Ltd that they have on sale for 10k and others have sold for 6-8K in last year. I know as I bought one off autolink last year after it arrived from japan, and have kept following prices. clean rust free mk1's are appreciating in value.
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Re: Miserable g**s.

Postby drumtochty » Fri Aug 04, 2017 4:06 pm

OK then the car you are talking about the present car will owe you £4k after you bring it back to spec.

You say " clean rust free mk1's are appreciating in value"

As you follow prices please give your forecast of the resale value of the car in 5 years around 2022 and in 10 years around 2027.
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Re: Miserable g**s.

Postby flood » Fri Aug 04, 2017 9:39 pm

drumtochty wrote:OK then the car you are talking about the present car will owe you £4k after you bring it back to spec.

You say " clean rust free mk1's are appreciating in value"

As you follow prices please give your forecast of the resale value of the car in 5 years around 2022 and in 10 years around 2027.


In my opinion, and from what i have read and seen, Mk1's are seen as the most investable mx5 by many. popups or not. Mk2's are suffering as they rot from inside out from both rear and front. Mk3 values are going down as it is seen as just another car without the fun of the Mk1/2. Mk4 may have significant gearbox issues which is another story...Also a new Mk4 will depreciate more in first year, than i paid for my totally rust free 1994 RS-Ltd last year. So what is better investment?

Why do you think clean Mk1's are consistently selling for more than some mk2/mk3?

I just had a look on eBay and see a couple of clean limited edition mk1's. A R-ltd for 5.5k and a RS-Ltd without seats or wheels for 4.5k. Recaro Seats sell for 2k and wheels 300-400 if you can find. Three years ago these were all about 1-2k. its all about supply and demand of rare edition mx5's. These are the ones going up in value and I would bet they will not go down.

I cannot predict values of my 2 mk1's but i doubt they will depreciate. But I wont lose sleep if they do. I do not have them to make money. I have them as i enjoy and like to drive them and tinker. At the end of the day they are still cheap and fun cars
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Re: Miserable g**s.

Postby OldSpice » Sat Aug 05, 2017 10:52 am

Well for me it's a life style choice more than a hope of a classic car auction killing in 20 years as I'll likely be dead by then. I had a choice of either a used ND in a couple of years, or do some retired bucket list traveling, so it's Oz in two months and Nz the following year etc. Not having a mk1 to play with just did not compute, but it will be winter SORN anyway. Mine owes me nothing 90k miles and 11 years now, has a recent peach of an engine transplant, and a professional paint job only 4 years back. So, it's about 3k to fix and fettle, but the only Mk1s I would consider are double that and more now. On top of that my example is one of the rarest, and thinning out fast so if I broke even in a few years if too ropey to use it with brio, I'd be well pleased. Just been taking stock of options recently Eddie, and foreign travel won the day. This retirement lark is bloody hard work.. Each their own I guess. What will Not be happening is another 4k restoration on our 2002 Sport. It's had all its getting bar aggressive maintainance but any more serious rotting, and it's gone although I'm relieved to note it's as solid still as a new one. So far.
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