A while back I posted a thread on TTA values. The concensus was that in the eyes of most of us these are currently undervalued cars and not well known to many others.
Here is some good news. I talked with the owner of a classic car dealer who I have known for a while. Typically he is able to sell a car for more money than a private seller. How much depends on the vehicle, but on average maybe 2-3k more. Why this is possible, I cannot explain and frankly he has a hard time explaining it.
Anyway, I talked to him about TTA's and his response was very positive. He knows of these cars and their historical significance and was optomistic about their values. He said he has sold one in the last couple years and got 20k for it. Sounded like a nice clean car, he believed mileage was in the 30k range.
His advice was for owners of these cars was not to sell them and to maintain their originality and condition as much as possible while still enjoying them. I asked him about the "buyers market" some mentioned in my post, his response was this. "Sellers and stated book values dictate prices, not buyers and if the interested parties don't want to pay than it is foolish to sell. We looked at high retail on a clean TTA and it was slightly over 21K and showed an average appreciation of 3% annualy. His question to me was why would anyone sell this car for significantly less?
So there you have it from a credible source. I think what we take from this is that as owners, we are shooting ourselves in the foot by not putting more of a value on these cars. Talking/complaining about dissapointing values only drives the prices down in his opinion and keeps the cars in obscurity. If you must sell your TTA, set your price based on what the car is and it's stated value and it's value to you. The more people that do this the more standard the practice becomes. Why sell a clean TTA that books out for over 20k for 12-14k?
Here is some good news. I talked with the owner of a classic car dealer who I have known for a while. Typically he is able to sell a car for more money than a private seller. How much depends on the vehicle, but on average maybe 2-3k more. Why this is possible, I cannot explain and frankly he has a hard time explaining it.
Anyway, I talked to him about TTA's and his response was very positive. He knows of these cars and their historical significance and was optomistic about their values. He said he has sold one in the last couple years and got 20k for it. Sounded like a nice clean car, he believed mileage was in the 30k range.
His advice was for owners of these cars was not to sell them and to maintain their originality and condition as much as possible while still enjoying them. I asked him about the "buyers market" some mentioned in my post, his response was this. "Sellers and stated book values dictate prices, not buyers and if the interested parties don't want to pay than it is foolish to sell. We looked at high retail on a clean TTA and it was slightly over 21K and showed an average appreciation of 3% annualy. His question to me was why would anyone sell this car for significantly less?
So there you have it from a credible source. I think what we take from this is that as owners, we are shooting ourselves in the foot by not putting more of a value on these cars. Talking/complaining about dissapointing values only drives the prices down in his opinion and keeps the cars in obscurity. If you must sell your TTA, set your price based on what the car is and it's stated value and it's value to you. The more people that do this the more standard the practice becomes. Why sell a clean TTA that books out for over 20k for 12-14k?
