I can’t believe some of the prices being touted about for 40 year old rust buckets. The most I’ve paid for any of mine is £3k and that includes a nearly new one back in the late 70’s. I do usually buy doer uppers though.
I paid £500 for my first one in 1980/81 £1000 for my second one in 1994 £7000 for my current one in 2013
I didn’t pay much for my late pickup but it stands me at a fair bit now ! Huge variation in prices being asked and condition
The most I have paid for a bay is £350 for my current one. The one before that was £150. They where both bought a long time ago though..
The less you pay initially the more you spend on doing it up ,or you could spend a lot in the first place and still spend a lot doing it up depending on how much you knew about what you were looking at and how much of the work you do yourself .
Think dad paid about £3000 back in 1991 for the one I have, over priced and needed a new engine for the first MOT a year later, though I'm driving it now, so in the grand scheme of things we're happy.
Knowing that I was never going to be able to undertake a restoration myself, the advice I got on here when I joined was to get the best I could afford, and to pay more attention to bodywork and the underneath than to shiny paint and a perfect engine. This I did. I still paid more than enough, and more than I could afford really - but thanks to a 0% credit card and 3.5 years of being careful, working extra on Sundays, and focussing on what I needed rather than wanted, 3 weeks today I will own it. I'm rather proud of that.
The equivalent of £2900 in Nigerian Naira back in 1976, thanks to the black market. Official price was equivalent of £4100. Tony