It is human nature to buy a piece of crap at 20% of a descent examples price because it looks the same from outside.
Does a forum have any power to dictate market values? I'd hope not otherwise you'd have Citroen Saxos being worth £20k
Look at the current economic situation, fuel prices are high, and are only going up from now on. The GTV is about 15 years behind in terms of fuel injection technology and its relative performance Vs MPG is pretty poor.
For me, the money spent didn't equal the return in terms of enjoyment and satisfaction and my love for the car slowly fizzled out.
I don't normally disclose costs but as an example the low mileage 3 owner Cup-a-like I've just sold I originally bought for £2700. It was then a good car but for retail I spent approx another £2700 on cosmetic paintwork, genuine Cup side skirts, 4 shocks, springs, fr/wishbones, powerflexing, cambelt(main agent fitted), Regazon rear exhaust section & a set of Teledials etc etc. It was then stored in an 'Air Chamber' until sold, mot'd & collected.
regular ex GTV owners would probably say that it was still only worth around the £3.5k mark......well it sold for £5800. IMO it should've been £6.5k at least but it is a buyers market & the new owners weren't 'caught unaware' but actually realise how much a good V6 GTV is worth......to them.
Turbonutters makes an excellent point. Ned looked the GTV over underneath with me yesterday and I'll be picking up a bigger bill than originally anticipated
Some jobs necessary, some of them indulgences. I didn't know these things were 'wrong' when I bought it but that was my GTV naivety
I've been very lucky to buy a mostly sound example. That doesn't hide the fact that to make the car close to exceptional condition, I've had to spend the same money again that I paid for the car.
For all the petit disagreements Clive and I have (and probably will have in the future
), I get it. When I first began looking at GTVs, Clive' ads kept annoying me because his cars all seemed very expensive compared to other traders and private sellers for similar mileage and history examples. It's only now that I know more about Clive, his cars, and GTVs in general that I can understand why he charges what he does. A GTV costs alot of money to get fully sorted. It's as simple as that.
If you don't drive as a hobby, there's no benefit to a GTV V6. That doesn't help prices and as touched on before: there's probably not enough hobby drivers who like Alfa Romeo GTVs out there to keep prices high. Like me, I would guess that others would buy privately for a 'good deal', and spend the change getting it sorted. After all a true hobbyist likes to fettle
Are there very many prospective owners out there with 5-7k sitting in their pocket that want a sorted GTV? I guess enough to keep Clive in business, and for someone who takes such great care over these fantastic cars, that's a good thing
If you like them, well, it's what it's worth to you. Clearly, the average man on the street isn't clamouring to buy one