TR2/3/3A The value of TR3's?

[mgf]

Very interesting thread. I recently joined the British Car Forum. I had a 60 TR3 in the early 60's so I'm an old dude.

I've have verbal acceptance of an offer today. So now I'm pulling some funds to pay for a '59 TR3A. Also contemplating the best way to get the car from NY to OH. It's a driver so driving it is an obvious option but a little concerned about
an 8 hour freeway trip with a 63 year old vehicle. Not so much about the mechanical as the tires. They are older bias ply type. I may tow it with my Silverado 2500 HD & rented one-way
trailer.

I, too, would call Inter-City Lines and get a quote. I've used them twice for cross country pickups/deliveries of precious cars......nice people to deal with. I like road trips, but with the cost of petrol, motels, etc. today....you might be surprised at the price of a transport.

Congrats on re-entering the TR3 world! Most of us are likely "old" too, so don't tell us about aches and pains from laying on the floor, trying to get at something.......and to think, it used to only hurt when a wrench slipped.....

You hit the nail on the head. They were one of the several options. When I considered all the variables I decided to go with InterCity. I was impressed with their video showing the custom designed lift for their enclosed double-decker trailer. I'm scheduled for delivery this Saturday. My adventureous side will have to wait until I'm comfortable with the safety side of things.

Thanks

 

[TR3driver]

It's a driver so driving it is an obvious option but a little concerned about
an 8 hour freeway trip with a 63 year old vehicle. Not so much about the mechanical as the tires. They are older bias ply type.

Just a thought: last time I was faced with that problem, I had a set of tires drop-shipped to the seller and he had them installed on the car (as part of the purchase agreement).

Still had lots of adventures getting it home (it was more like 24 hours away so I took along a good friend as co-driver), but I honestly enjoyed the trip and had lots of fun.

Weell, maybe except the part where I thought it was on fire! The front brakes overheated so badly that I could see red light shining on the pavement when I got out to check. But no harm done, we pulled over and waited for them to cool, then bled a little fluid from the circuit (which released the brakes) and went on. First order of business once it was home was to rebuild the MC, of course.

 

[luke44]

Hagerty's updated valuation info through for last quarter (end of April 2012) is now out. Big jump in TR3 values in the last 3 months. Condition 1 cars $55k, condition 2 $38k, biggest jump actually in condition 3 cars up to $26k (condition 3 is the "average" price they show). The rest of the world now discovering how neat these cars are and finally catching up to what we all here have known for years. ;-).

Hagerty's condition 3 definition: "#3 cars could possess some, but not all of the issues of a #4 car, but they will be balanced by other factors such as a fresh paint job or a new, correct interior. #3 cars drive and run well, but might have some incorrect parts. These cars are not used for daily transportation but are ready for a long tour without excuses, and the casual passerby will not find any visual flaws. "Good" is the one word description of a #3 car."

To see the chart, click here.

 

[NutmegCT]

Luke - thanks for posting that.

But I've often wondered ... is Hagerty's definition of "value" simply what they insure the cars for? In other words, the higher the Hagerty value, the higher the premium paid for their policy, right? The owner calls them up, says "I think my car is worth $xxx after all the work I did on it" - and Hagerty says "sounds good - would you like us to raise your insurance coverage?"

Not really contesting anything, but does Hagerty say anywhere how they come up with those numbers? From actual sales? or ...?

Thanks.
Tom

 

[luke44]

Glad you asked. ;-) Here is their "About Our Prices" link.

I will say this - I've poked around a fair bit on their valuation tool. And I can tell you not many cars are doing what the 3 has done in the last year. Some other TR's are doing quite well too (4's, 4a's, 250's, 5's), others not so much. Hey, just reporting, don't shoot the messenger.

 

[NutmegCT]

Thanks. I had no idea they were able to collate prices from so many sources.

I wonder how many of us here at BCF have actually sold cars for the prices indicated in the Hagerty charts.

Seems that knowing how the Hagerty data compare to what we've actually experienced in our own buying/selling, would be a great help to most guys at BCF.

Tom

 

[mgf]

It's a driver so driving it is an obvious option but a little concerned about
an 8 hour freeway trip with a 63 year old vehicle. Not so much about the mechanical as the tires. They are older bias ply type.

Just a thought: last time I was faced with that problem, I had a set of tires drop-shipped to the seller and he had them installed on the car (as part of the purchase agreement).

Still had lots of adventures getting it home (it was more like 24 hours away so I took along a good friend as co-driver), but I honestly enjoyed the trip and had lots of fun.

Weell, maybe except the part where I thought it was on fire! The front brakes overheated so badly that I could see red light shining on the pavement when I got out to check. But no harm done, we pulled over and waited for them to cool, then bled a little fluid from the circuit (which released the brakes) and went on. First order of business once it was home was to rebuild the MC, of course.

<span style="color: #FF0000">Weell, maybe except the part where I thought it was on fire!</span>

Now that would get one's attention real quick. I'm glad the story ended well.

I just talked with IntraCity's driver who just finished loading my '59 TR3 in Owego, NY. He's full up with 6 cars onboard. Dropping one off in Cleveland then straight down I-71 to Columbus, OH - ETA 11 AM. I sense a little excitment building up in my ol bones!

 

[mrv8q]

Don't forget the pix!