Quote:
Originally Posted by Laird Scooby
Precisely the point i was making when i said what's below Alan :
The trouble is Alan, at the moment the 240 series is something of "the poor relation" although not quite so poor as the 740 series.
The real values are yet to climb to the stratospheric levels of the Amazon and (although not quite there yet) the 140 series.
The 240s time will come no doubt, as will the 740 too but for now, the values of both are currently climbing out of the doldrums, the 240 is a few years ahead of the 740 for the simple reason it was made earlier so has a head start.
However, someone may view that 240 simply as being "an old Volvo and therefore valuable" and sink wads of £££££ into it in the belief they would at least double their investment. Maybe with an Amazon or a 140, you could buy it for say £500, do all the work yourself to weld it, refresh the bodywork, respray it, interior, engine and other restorative works and it would be worth somewhere in the region of £6-8k. By doing all that work themselves, taking into account the parts/materials used they might make £1-2k profit but more likely just break even.
With a 240, at the present time, they'd struggle to even break even. With a 740, you'd be waiting several years to come before break even would happen.
Maybe if the buyer/restorer wants to use it for 10 years give or take then they could potentially sell at a huge profit and having had the use of it for that time as well, amortise the purchase and restoration costs over that period giving them 100% profit when they sold.
Perhaps i'm viewing it from a different perspective to you and others, some undoubtedly will view it as "It's a Volvo, it must be saved if at all possible", others will view it more basically as in not financially viable to do anything other than scrap/spares mule it now and i'm sure there are others who have a totally different vista of the entire shooting match!  |
I'd agree with all of that Dave: the value of things (most things) is a function of supply and demand. There aren't that many Amazons left, therefore even slightly rough ones are on sale for £8,600 (whether the seller gets that much is another matter):
https://www.ebay.co.uk/itm/125254141...MAAOSwQJdiVHSF
... there are more 140s left, so okay ones are on sale at £4,750:
https://www.ebay.co.uk/itm/154937198...EAAOSwE4FiTsAv
There are loads of 240s remaining, so rough ones can be had for under a grand an pretty good running and riding ones for £3,700:
https://www.ebay.co.uk/itm/203911132...oAAOSwq9liVSZO
There are shed loads of 740s still around, so neat and tidy motor cars can be picked up for £1,550 or so:
https://www.ebay.co.uk/itm/194984883...IAAOSwgiZiXFpZ
The examples were just a few I found from today's eBay Dave. There is always be people trying to hawk 240s for 10 grand, 740s for £7,000 and Amazons at 25 thousand, but the ones I found in a minute or two are pretty indicative.
I like 240s because they are so accessible. The RB is the perfect example, I bought it quite cheaply, have spent a bit of money and a huge amount of time on it, the motor car is very well sorted now and is worth much more than I paid for it. I still would not be retiring to live on a yacht in Monaco if I sold it though :-).
Alan