Discussion in 'Late Bay Classifieds' started by boggie, May 15, 2017.
there's on on the pistonheads ad - it has the large late bay rear lenses, just like all other cross overs.
And JK Doors
@boogie your bus may not actually be a cross over - you need to establish exactly what it is or you may have problems at a later point of the sale
Your have advertised it as both 1972 and 1973
As an L 'plate' it was originally registered between 1st August 72 - 31st July 73
It may have been built in 1972 - you should check this and clarify built and registered dates in your adverts
Cross over vehicles have step bumpers and low front indicator lights, with big rear indicators plus other features (I think)
'1973' model year vehicles (not necessarily built in 1973) have 3 heater levers, high front indicators and various other features listed in this thread: http://thelatebay.com/index.php?threads/aug-72-aug-73-late-bay-discussion-73-model-year.36986/
Your bus may well be a '1973 model year' bus, with step bumpers and a modified front panel. In which case you should not refer to it as a cross over!
I hope that helps
Given that the front panel has had the air vents filled it may be that you are right and it has had work on the front and low bumper added as part of that work.
Looking at sold prices on ebay, these vans have slumped in value and good ones are going for less than 10k. Yours is a nice van with lots of extras thrown in. I would keep you ad brief and honest and never make claims about future values.
You hope to sell to a buyer who will look after it but the best buyer is the one with the money.
Sell it and move on with your next project.
Does the 2 litre fit in there ok? never had an early but the hole for the engine is different?
I don't believe they've "slumped in value" and I disagree that a brief advert is a good thing.
Bang on with the rest of that ^^^ though!
I think its an early late not a cross. The pictures via the link show one of the cab area, you can just see the inner step is curved not straight like an early/cross. I guess when the doors were replaced and the front filled it could have had steps too.
Looks like a nice van though.
Everyone who sees it can't believe we squeezed a T4 in, we had to cut the back panel, we had some issues with fitting the exhaust and one of the rocker covers is a right pig to replace but apart from that and the oil leaks it's ok
Re Bay selling prices, I am just observing a quietening down of prices. Perhaps ebay is not the best place to sell as I have seen some really good Bays on there sold for well below what was expected.
I think the market is getting tighter as inflation and weaker economy is biting. And classic vehicles quite rightly have a reputation for being demanding of time and money to keep them alive and not so many people can or want to do that these days, so they buy modern.
The cheapo rust buckets seem to go quickly to those who want a project and don't have much ready cash.
I don't see Bays being a financial investment and folks who buy and put loads more money into them are unlikely to get their investment back.
Someone on here recently bought a rusty for about 1k and resold it as is for a nice little profit, that was a good deal financially.
Interesting. I have an old friend (well, an old girlfriend's brother really but I got on better with him than her) who works with an auction house Warwick way. He says that whenever there is a slowdown in financial investment returns the classic car market rises. Classic cars are the only investment you can enjoy and then pay no capital gains on profit. He has been telling me that there has been a steady and prolonged rise in prices they are achieveing over the last 8 years. He doesn't believe this is a bubble as we saw in the 90s. Then the rapid rise was triggeed by relatively short-term effects of the dotcom mess. Since interest rates and returns on financial investments have been flatlining in single digits the ckassic car market has been steadily increasing. He believes this is set to continue for some time, especially now we have signed article 50...
However, it is fair to say that this is his gut feeling and of course any investment can go up or down but he advised me to dry store colin and wait 2-5 years, but I fancy another restoration project so space would be useful and have my eye on a vintage Beemer....
My opinion is that certain classics are still holding firm or rising in value, and usually the vehicles have to be in mint condition.
The question is would anyone with say 20k to invest, buy a Bay, expecting its value to increase, I doubt it.
I wonder how many Bay owners have ever got their investment back or made a profit.
Even wheeler dealers struggled to make a profit, buying cheap and doing them up and selling them on. And they ended up selling vehicles which had just been done up and not used.
I think we have to forget about the money and just enjoy our vans, expecting to make money on our used vans is unrealistic.
Nice bus and good Luck!
And nicely put and totally agree
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I think it is both. A sensible buy for £20K would be a modern VW camper with confort, power and reliabilty. However it will lose about half its value every 3-4 years. Clearly none of us are 'sensible' because we chose and love these old busses. Buying a decent Bay or Splitty gives you is a quirky ride, full of character, an ongoing project to tinker with but best of all, as long as you buy well and keep it in good nick, your investment is very likely to increase over time.
Wheeler dealers expecting to make a fast buck on campers, or indeed any classic, are often disappointed. After over 20 years or more of restoring and owning classics I have never lost money (as long as you don't factor in the hours of blood, sweat and tears I have shed) and on some I have made significant gains. It's more about the long game with classics and I believe campers are one of the best investments when you consider the freedom, fun, festivals, breaks and cheap getaways you get from owning one, not to mention the value of having a nice little project to wile away the hours. Even if you break even after a few years ownership I reckon that's a profit but they will keep gradually rising in value, unlike their newer cousins....
I think it is both as well. On here we see some amazing do it yourself restorations ending up with a quality vehicle which is very valuable. But the danger comes when owners pay someone to do the restoration as the garage has to make a profit as its a business and they don't do it for love or a pittance.
A few years back I had a 1972 mgb which I started restoring and got out of my depth and the cost to complete the restoration was 14k. I cut my losses and sold it for a small loss and bought a new nut and bolt restored car for 10k.
The 66 car I have now is worth a lot more than 10k but prices have levelled out. I think the current economy is a lot worse than politicians would have us believe and the actual outlook is uncertain. Apart from the London city folks I don't think there are many folks out there flush with funds to splash out on what are quite expensive vehicles.
Agreed. You would never make much money on classics sending them to a restoration company unless the vehicle im question is super valuable (E-Type or higher). I have a TR3a that I have restored from the ground up over 7 years. About 2000 hours in total and at even back-street garage rates I reckon that equates to £75k+ My S2 Land Rover is a similar story, as is my Seven. However, doing the job myself means I would turn a profit if I sold them, as long as I am happy to accept that my labour works out at about £10/h.
Buying a resotred vehicle, like your MG and my Camper and then tinkering with it to keep it in good nick, or even improve is your best chance of at keast getting your money back and more likely make a modest profit after a few years ownership.
@boggie did you see my post above #44?
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