fraser wrote: ↑Fri Oct 08, 2021 9:51 am
SiC wrote:Do it! You're not going to loose out either way. if you get them at a good price.
I'm rather jealous.
I thought that if the body is as sound as it is meant to be then £5k is reasonable or that one
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Yes that's a pretty good price if it's solid.
I still track Mini prices as I still have my saved searches from when I was looking last. On a MK1 850, seems to be £3k-8k for a rotten one, £6k-10k for a not so rotten one and £9k+ for a driver. Higher prices go for the real early ones (especially '59). Upper end of the 850 market (£13k to 20k+) sit around for ages.
The price difference between light projects and driver's isn't huge on the MK1 Mini. I think plentiful panel supply and small chassis helps here. Problem is, people see big profit on them then spend a fair chunk restoring them and want to reclaim their costs plus profits (even if it's just their filler budget...). Which is why there seems to be such a high upper end price bracket of fully restored. Just I'm not sure there are that many people wanting to spend like £15k+ on a Mini 850? At least they seem to sit around forever. Plus upper end of the market starts becoming Cooper/Cooper S territory and they're obviously a fair bit more special. Then there is always the question of originality and re-shells which always seems to crop up on Minis. (Despite many other cars being reshelled and less is cared about them)
The other issue is that too many have been restored imo. Very few examples left that still have original paint and patina. Problem is, people seem to want shiny cars and I guess if you're paying decent money you want it to be.
If it's reasonably solid, definitely do it! Especially at that sort of money.