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29 Oct 2008, 10:17 (Ref:2323314) | #51 | ||
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I think I would prefer to sell an Elite in a weak market than a B - I think a B's pricing could get slaughtered....
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29 Oct 2008, 10:21 (Ref:2323315) | #52 | ||
The Honourable Mallett
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But that's cash not fun. Or am I missing something?
Another point would be that if they're that cheap anyway, have a B for general events and an Elite for those "special occaisions". |
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29 Oct 2008, 10:31 (Ref:2323321) | #53 | |||
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From my point of view its immaterial as I have no intention of selling.I feel for the people who do have to sell but really do not think B prices [for proper cars] will drop much further.Mid range cars such as the Elite will lose more in the way of an investment purely on supply and demand,not many people looking for them at present. |
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29 Oct 2008, 10:34 (Ref:2323322) | #54 | ||
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the whole point of the thread was that I have seen an advert for a B at £32k (I think Terry was selling it) and it made me think that was the same price as an Elite and which would I prefer to race.... it also made me think that one of them was mispriced (as a genre rather than individual cars)
the conclusion I have come to us that the Elite is probably the one to have for two reasons - intrinsic value and fun factor... as you say if you want a class winner you dont have either of them you have a Porsche 904-4 |
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29 Oct 2008, 10:39 (Ref:2323323) | #55 | ||
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A bent B is much cheaper to mend than a bent Elite.Before the S/A's start I mean bent as damaged.Its all to do with available dosh to go racing and its so much cheaper to race a B.I sure all B owners would jump at a GT 40 if someone else paid.
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29 Oct 2008, 10:39 (Ref:2323324) | #56 | ||
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If you have the disposable yes,did you see what the last one made.I do agree with you Simon,the Lotus would be more fun to race,it is what it was built for.The 32k car does have GM history but I have taken it off the market.
Last edited by terence; 29 Oct 2008 at 10:41. |
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29 Oct 2008, 10:41 (Ref:2323326) | #57 | |||
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Is that an invite for a comment John? |
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Living the dream,Chief instruktor and racing on the worlds best circuits-The Nordschleife and Spa.Getting to drive the worlds best cars-someone has to do it, so glad its me. |
29 Oct 2008, 10:42 (Ref:2323327) | #58 | ||
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An Abarth 2 litre would win if driven correctly.Anyone want a 904/4?Problem the latest Elite can beat both!
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john ruston |
29 Oct 2008, 10:44 (Ref:2323331) | #59 | ||
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my 904 comment was slightly tongue in cheek - but a TVR is probably a better example (the MGB engined one). Interesting previous owners only carry premium if it was in period.. I speak as someone who has been fortunate enough to have owned both
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29 Oct 2008, 10:45 (Ref:2323333) | #60 | ||
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You are more than likely 100% correct,but what money for one?Something else thats got an increasing value because of the rarity. [ For John R]
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29 Oct 2008, 10:47 (Ref:2323334) | #61 | |
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where elites really thoroughbred ? or are they now after 50 years developement ?
unless the definition of thoroughbred is fragility and unreliability asides BMC/BL engineered poor quality I thought mgbs where at least robust |
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29 Oct 2008, 10:48 (Ref:2323335) | #62 | ||
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What is a 904/4 worth these days?
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29 Oct 2008, 10:50 (Ref:2323337) | #63 | ||
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Now I'm confused. No change there then. Are you saying that a 1959 Elite can beat a 904/4 John?
Simon. Then the thread title must surely have the words "for the investment cost" added. |
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29 Oct 2008, 10:50 (Ref:2323338) | #64 | |
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depends on the currency Roger !
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29 Oct 2008, 10:52 (Ref:2323339) | #65 | |||
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1959/LATEST? |
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29 Oct 2008, 10:53 (Ref:2323340) | #66 | ||
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no - the thread should have perhaps said - for around 30k would you prefer to own and race an MGB or an Elite.... and I am still undecided as to what the correct answer is - certainly if you are budget conscious a B is the better bet but an Elite is jaw droppingly pretty and I have yet to read a bad thing about their driving experience
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29 Oct 2008, 10:54 (Ref:2323343) | #67 | ||
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There's no way that an Elite should beat a 904/4, surely, however 'modern' tweaked? If it can the world's gone mad. John, I thought yours was a 904/6, you having said that the 4 cylinder was both fragile and horrendously expensive to repair (4 cam?).
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29 Oct 2008, 10:57 (Ref:2323347) | #68 | ||
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Sorry boys .Not Elite but an Elan.
904 650 k for 4 without race history to 1 200K for 6 with history.Pounds that is.Two have been sold in recent weeks.The 4 are very difficult and expensive to maintain.220k for Abarth is good value if you can find a proper one but again maintainance is very high |
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29 Oct 2008, 10:57 (Ref:2323348) | #69 | ||||
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Quote:
Quote:
Is the B a thoroughbred? Never in a month of Sundays. Is it a competent race car? Yep. |
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29 Oct 2008, 11:00 (Ref:2323349) | #70 | |
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Having not driven an MGB other than a road car whilst a student I dont know which is a better race car or more fun to drive. I do know that Elites are lovely to drive but are very expensive to run properly, are midfield at best unless in a cc restricted race and for class wins you need the support of at least 3 others running under 1300cc cars. Also looking at lap times the cars are all being developed year on year and Elite development seems to be slower presumably as fewer cars are out regularly. My best time at Goodwood was enough to win in 2000 but today looks like it almost wouldnt make the grid if they had a 107% rule. A good Elite also costs more to build than its resale value, where an MGB at £32k is probably more than its costs.........so Elites are a labour of love but commercially a non-starter, and you really do not want to crash in one.
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29 Oct 2008, 11:01 (Ref:2323352) | #71 | ||
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Very nicely put Peter.
Brendan,I know of one B builder who would not agree on the £32k thing,thats how much he knocks them out for and I know he does not make a profit. Last edited by terence; 29 Oct 2008 at 11:06. |
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29 Oct 2008, 11:04 (Ref:2323357) | #72 | ||
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We found it more sensible to race with 6 as it made economic and financial sense.We use 4 cam in 356 2 litre GT.My cars used both engines in period but our B8 was so much quicker.The Laidlaw 904/6 did 2 58 at Spa this year but some of that was SH as Jim used to do 3 02.
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29 Oct 2008, 11:04 (Ref:2323358) | #73 | ||
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Terry and Peter ARE the smashing and nicey of ten tenths...!!!
Brendan an interesting insight but the flipside is that for any over subscribed sub 2 litre race or class you are more likely to get an invite than an MGB for exactly the same reason... |
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29 Oct 2008, 11:11 (Ref:2323364) | #74 | ||
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B8 is a lovely and quick car, but a bit later than the 904 which is utterly gorgeous. B8 for winning; 904 for basking in reflected glory! Hope that you bring it out for Gareth at the Snet 3 hours next year, John. If we can persuade Mr Laidlaw to do likewise with his, it would be truly wonderful! I suppose I have to slap my own wrists for my contribution to taking this off topic ... again!
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29 Oct 2008, 11:12 (Ref:2323365) | #75 | ||||
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In truth you'll need to translate that one for me. I'm only describing what the history tells us. Quote:
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