25 year old Peugeot, £43'000. Discuss.

[The Reverend Bluejeans]

Riiiiight............

 

 

https://www.classicheroes.co.uk/peugeot-205-gti-blue

 

 

[dougiefourspeed]

Is it too expensive? Yes. Will it sell? Undoubtedly. 

 

It won't go for the sticker price (what used car does?), but there will be someone out there in the world wanting a mint 205 GTi to sit alongside the mint Mk1 Golf GTi or whatever in a collection.

[Hertz]

It's overpriced.

[Hertz]

So's all his stock, good luck to him if he can hook someone on at those prices.

 

https://www.classicheroes.co.uk/bmw-e28-m5-1

 

I might give Barmey a ring...

[The Reverend Bluejeans]

I'm surprised they didn't go for the full 50 grand. 

[Dirk Diggler]

I thought the (clean but not concours) e30 325 sport that's advertised at the moment at 20k was strong; but that's mental

[oldcars]

80 cash 2nite m8 and half eaten twix?

[Lacquer Peel]

It's very nice. I'd buy it just to annoy the moaners, luckily I don't have £43k.

[John F]

Price contains two extra zeroes. Or at least one.

[Mr_Bo11ox]

I think sellers like these are playing a much more subtle game than just trying to get 43k for a 205. I reckon by asking 43k he'll get lots of raised eyebrows, a bit of attention on social media, might get a mention in one or two of the mags, basically some free publicity and exposure to the sort of people who might actually pay a 5-figure sum for a 205, and as a secondary effect I think it helps to ease upwards the price of other 205GTi's and maybe other 80's hot hatches in the background. Now anyone selling a nice one will mention 'in passing' that one had been advertised for 43k 'and mines almost as good but is only 9k'. I don't think anyone will pay his 43k but I bet after a bit of a flurry of publicity a deal will be done at half his asking price, or a swap for something of similar real/perceived value.

[HMC]

Needless to say the £43k took my breath awaaaay

[The Reverend Bluejeans]

Needless to say the £43k took my breath awaaaay

 

 

I see what you did there.

[alcyonecorporation]

Needless to say the £43k took my breath awaaaay

It would have been better if it had been a £43k 405, like.

 

That said, an imported T16 allegedly went for £19,500 recently and I farted coffee out of my nose when I found that out. 

Not been researching 405 values or owt. 

 

Always the same with the volume sellers - the OMG FAST INTERESTING RAER models get saved first, prices rise, and the very best cooking cars rise slightly in value. The run of the mill stuff always ends up being rarer because it takes a conscious effort to save your bog standard 405; most of the investor types wouldn't bother (unlike with an Mi16x4, which have been making serious coin on eBay recently) because the return isn't there. 

 

I wish more people would save cars for the love rather than for the digits, but sentimentality has no place in our £5.5bn industry. It's a business like any other. 

 

Le sigh. 

[stuboy]

43k.... im off to buy a used db9

[flat4alfa]

It's not a new thing

 

https://www.ebay.co.uk/itm/1993-Peugeot-205-GTI-1-9-1fm-Edition-1-of-25-Rare/322827791577

£32,950

 

 

http://www.classicandperformancecar.com/peugeot/205/5705/peugeot-205-gti-sells-for-record-38k-at-auction

Peugeot 205 GTI sells for record £38k at auction (July 2017)

 

 

http://www.thisismoney.co.uk/money/cars/article-3542293/Peugeot-205-GTI-sells-record-25-000-auction.html

1991 Peugeot 205 1.9 GTI sold for £25k at ACA Auction (April 2016)

Almost £20,000 invested in restoring it, according to the auctioneers, documented by photos and receipts.

[mk2_craig]

And the bubble inflates just a little bit more. Anybody want my shagged XR2 for a couple grand?

[stephen01]

 

 

I wish more people would save cars for the love rather than for the digits, but sentimentality has no place in our £5.5bn industry. It's a business like any other. 

 

I'd say sentimental value outstrips value for most people who actually restore a car, We've all seen a family car given a full restore for 2 or 3 times the real value, now If were talking about a car that's being punted on in a white background why not push your luck / take the piss?

 

A fool and his money are easily parted 

[The Reverend Bluejeans]

Aah, the Duke of London. White backdrops, fibreglass Stag's head nailed to the wall.

 

 

[The Reverend Bluejeans]

The white one, as well as having 5000 miles, has a great story:

 

http://www.classicandperformancecar.com/peugeot/205/5705/peugeot-205-gti-sells-for-record-38k-at-auction

[danthecapriman]

I'd say sentimental value outstrips value for most people who actually restore a car, We've all seen a family car given a full restore for 2 or 3 times the real value, now If were talking about a car that's being punted on in a white background why not push your luck / take the piss?

 

A fool and his money are easily parted

 

Indeed.

I've already spent significantly more on my mk2 Capri base spec resto than it's worth finished. Granted, any Capri is a good desirable classic these days but even so. But fuck it. The car is special to me and I've owned it forever so I'll spend whatever it takes to do it justice and make it a 'minter'. I couldn't give a flying one either, it won't ever be for sale so it's value is irrelevant. I'm most likely completely mental for doing it mind!

Even my 740 wasn't really worth all the effort and cash I've spent fixing it up. But I like it so why not.

 

Imho the price for this 205 is crazy, but no normal person will be the one paying that and if this seller can get that figure or close to it from some nutter with more money than sense good luck to him I say.

[sierraman]

I wouldn’t be surprised if the going rate became £10k for a decent 205. A lot of the people who might have had them new or wanted one have got the money now to spend on one, hence driving the price up.

 

Wouldn’t bother with one anyway these days, all the ones you can afford are old sheds. I’d stick my money on a 306 GTI-6. Pick one up for cheap, with any luck they’ll go the same way as the 205 values have.

[Anthony]

Wouldn’t bother with one anyway these days, all the ones you can afford are old sheds. I’d stick my money on a 306 GTI-6. Pick one up for cheap, with any luck they’ll go the same way as the 205 values have.

306 GTi-6's are already heading Northwards price wise, but still some reasonably priced good cars around. I can't see you losing a penny on one, given they're largely regarded as the last good hot-hatch that Peugeot made before it all went downhill.

 

You can still pick up 205 GTi's for sensible money, but it's getting harder and harder to find anything usable for sub-£2k and there's an awful lot of massively overpriced s**t out there. Biggest issue for cheaper examples needing work is that prices for GTi specifics parts like trim, seats, etc is starting to border on ridiculous, so getting a tired or incomplete one back on the road and in good shape without spending a fortune is getting harder and harder.

 

To be honest, as much as I love 205's (I've owned them for 15 years) I think given the current pricing and parts situation I'd buy a Clio 172/182 instead if you wanted something to actually use and enjoy.

[dougiefourspeed]

The best thing about this is the trickle-down effect on old Pug values that means a borked early 106 is now clearly worth £6995.

[carlo]

I read in the Motoring press 205 GTi prices have come down in the last few months because there's so many of them on the market.  I think a particularly nice one fetched about £20,000 earlier in the year which bought all the other glory hunters.  The 405 Mi16 prices have gone up this year but it's noticeable that there's been about four 'regular' ones on ebay recently which keep getting relisted presumably as the price reached doesn't meet the vendor's requirements.

[bezzabsa]

never driven a 205 .. always wanted to , to see what the hype was all about - especially the 1.9

[flat4alfa]

A mate thought this, adding a very tidy sky blue 306 GTi-6 into his 306 collection.  Had it two years, bought it for a grand, his OCD has been through it spent on it plenty but says he'd be lucky to get £17k for it as the following in these is so small in the UK.  He was going to detail the engine bay, borrowing a corner of my driveway for a weekend, but he's gone off the idea now.

 

They are not a cult car like 205 GTi and largely forgotten, not having that GrpB and Dimma kit image to skew your thinking.  I remember magazine road testers slating the gearbox action and usability, advising on buying the XSi instead!  They are also quite bland inside, not having the 205 etc wacky colour carpet scheme and matching seats.

 

Which is why we should leave our R8 Rovers alone and get one bought!

[Anthony]

never driven a 205 .. always wanted to , to see what the hype was all about - especially the 1.9

 

If I ever get myself along to a Shitefest or similar, you'd be welcome to have a quick drive in mine providing you look trustworthy enough. They're good fun.

 

A mate thought this, adding a very tidy sky blue 306 GTi-6 into his 306 collection.  Had it two years, bought it for a grand, his OCD has been through it spent on it plenty but says he'd be lucky to get £17k for it as the following in these is so small in the UK.  He was going to detail the engine bay, borrowing a corner of my driveway for a weekend, but he's gone off the idea now.

 

They are not a cult car like 205 GTi and largely forgotten, not having that GrpB and Dimma kit image to skew your thinking.  I remember magazine road testers slating the gearbox action and usability, advising on buying the XSi instead!  They are also quite bland inside, not having the 205 etc wacky colour carpet scheme and matching seats.

 

Which is why we should leave our R8 Rovers alone and get one bought!

Granted the market for 306's is much smaller, but they are well regarded and their time will come - they're still a little too new really, but as I said above, prices of them are firming up along with the 106 GTi (and Rallye). Certainly the days of picking them up for sub-£500 seem to have passed unless they're a complete nail, and whilst I don't really subscribe to the cars as an investment mindset, I'm sure that you could buy a good example and enjoy it without it costing you much if anything in the medium term.

 

As for the magazine reviews of the time, treat them with a pinch of salt - the change itself is fine and basically the same as the 5 speed units having owned a few GTi-6's and HDi's. The single biggest downside with the 6-speed 'box is that because the gearbox is physically longer, you lose a fair amount of right-hand steering lock which grows tiresome in car parks and the like, and because the engine has a good spread of torque, you don't really gain much over the closer ratio 5 speed unit found on the older 306 S16.

[Kiltox]

Wonder what the agreed insurance value is?

[AlabamaShrimp]

If they think they can get this for a Peugeot what do they think a Ford or VW is worth*?

 

Seems a but backwards in a way. In the grand scheme of how many 205s there are left a good chunk will be GTIs but some versions will be almost gone. Why is having a bit of a faster engine or different trim so special?

[bramz7]

All this will do is make matey on gumtree or auto trader think their mint* 5 door 1.8 diesel 205 is definitely worth £3500 now.

 

Cheap good examples of cars exist, just people are impatient and buy the first car they see.