Looking for a MG 260 Cash Buyer

[Charlie]

Andrew, many thanks for posting info on your car.

Unfortunatly I feel we are a bit apart price wise, as much as I beleive how well your car sounds, I will hold out for something priced in the region of what they have been selling for and also what I'm aiming to pay.

Kinds Regards

Charlie

[SteveTD]

I will hold out for something priced in the region of what they have been selling for

The only ones I have seen priced at the stated value of £6,000 are the higher mileage ones, non-se's, models with patchy history and/or Cat D examples.

You pays your money, you makes your choice!

[Charlie]

Also at the end of the day, it all depends how much a seller needs to sell (which Andrew doesn't) - thus as a buyer I am in a better position if indeed they do need to sell (sounds ruthless/selfish, but it's the way of the world I'm afraid).

As I have stated, I am not dead set on a 260 yet, just in my choices.

[Goose]

Just my thoughts as an unbiased party... you two aren't that far apart on price: 'circa £6,000' and 'nearer £7,000'. Andrew's price seems reasonable considering it's relatively low mileage, the fact it's an SE (a bit heavier but more toys!), recent rear tyres (if Continentals these are about £150 each) and the extra exhaust pipes (the X power ones would probably fetch a fair price if sold on).

[V8 Novi]

£6K has to be a trade-in price. The decent ones are unlikely to go much lower surely - they're becoming recognised as collectible, and the supply of suitably mollycoddled cars is steadily reducing.

Good time to buy if you can get one for £7K - it wouldn't be enough to buy mine!

[Charlie]

£6K has to be a trade-in price.

Trade in is much lower, roughly £5-5.5k (if not lower, all depends on what it's getting P/X for)

I have been watching the market for a while, I don't know if it's due to the scaremongering that the media have brainwashed us with this alleged recession - but big disposable income cars have taken a hit.

Obviously if a seller can afford to wait for a certain price fair enough, BUT, if they need to sell - and the buyers aren't knocking the door down, then an offer is better than no offer.

I'll lay my cards, for a Mk1 SE I would say to me personally - £6k cash is tops - Mk2 a bit more (all subject to condition/history etc).

I suppose the old saying is true to a certain extent, "a cars only worth what a buyer is prepared to pay" and at this time, there are not a lot of buyers wanting sub 20mpg, group 20 insurance etc.



(No offence is meant by any of my post, just my personal opinion as a car buyer - I hope I havn't trodden on anyones toes )

[precious metal]

I suppose the old saying is true to a certain extent, "a cars only worth what a buyer is prepared to pay" and at this time, there are not a lot of buyers wanting sub 20mpg, group 20 insurance etc.

I have three people wanting 20mpg, group 20 ins english built V8 engined MG saloons, so the market is there although small for these beasts that are getting rarer and i think now the prices have seen rock bottom and will go back up with time.

if a CAT D MK1 with no history makes over £5,000 then a decent one will certainly make more than £6k privately, and quite rightly so.

AM's car is worth upto £7k privately all day long

JB @ Elite