172 CUP Prices

[DazRsi]

f**k me how much have these come down in price

was after a 172 cup few months back and lokking to spend over 5k
NOW
there are 3x 03plates going for under 4900 and all have under 50kmiles
2x 02plates and there around 4500 with again under 50k miles

dunno wether i want one now as in a years time there be worth 3k

:-( Type R it is then

 

[Day]

It wont drop lower than 3k in a year mate.

You don't buy a car like this to worry about resell value anyway!

 

[UnderSteerDan]

There will always be a market for the 172 Cup. Future value will depend entirely on how many miles you put on it and how it is looked after.

Sounds like a good used buy at the moment. Alot of people are keeping hold of their cash (due to the changing british economy) at the moment, which will push prices lower.

If you are after a car and have the cash in your pocket, you will get a good deal at the moment.

 

[UnderSteerDan]

Alot of 'at the moment's too!

 

[Mells]

Rule number 1: Ignore 99% of the prices on here.

 

[Se7en172]

I recently put a deposit on a Yozza172cup, top spec, H&Rs, Schrik cams, Piggy back ECU, ported and matched manifold, full yozza exhaust system, alot of other nice subtle things done, including a very neat engine bay ect, and I managed to knock £650 off the asking price. FSH, covered 34k, and a pair of new toyo proxies thrown into the deal. On the down side service is due in 3k, cam belt due in January, and the tax is up in July, so the money saved will just go straight back into the car anyway! But there is alot of room for negotiation at the moment with car prices, even at the stealers!

 

[james_h]

hi there

I have just spent months looking for a 172 cup and to be honest most of the cheap ones were exactly that - poor higher mileage examples.

You get what you pay for generally.

My previous car was a immaculate S2 106 rallye which I spent thousands restoring and it only had 40k miles - Because of the quality compared to the other poorer high mileage example this not only kept its value but I actually made a return that was 4 times book value when I sold it last month (not letting on how much but over 3.7k)

My point is really that good examples will keep there value - the lesser looked after examples will only fetch around 4.5k +

Worth noting that I have just brought a CUP (53 Plate) with only 24k miles for around £6000. High and top end price but for that mileage and IMMACULATE cond it will hold its value far better, and again i'm hoping for a good return like the rallye in a few years when these cars become rarer and rarer in top cond.

 

[The Chubby Pirate]

As someone stated above mate i reckon that anyone that has just bought any 172 be it a phase one, FF, or Cup lets face it your not buying it to make money on it.

I just bought mine for £3800 last month, new 7 years ago they were close to £15,000. If depreciation is a worry then i wouldnt bother, my car is well past the worst of the depreciation. Dependant on how i treat it over the next 2 years will reflect what i make back on it (which i doubt will be much).

You also said Type R it is then? Even for a 2002 your looking at atleast 6k for one with 70k on it, but then it is a Honda!

 

[Heliosphan]

I actually paid £6500 for my 172cup from a dealer in January this year which is definitely top dollar but the mileage was only 25,000 and the garage was basically round the corner from where I live. The garage also offered me a good trade in price for my Vts.

I'll be keeping it a few years yet, absolutely no intention of selling it in the next 2 or 3 years - having way too much fun to let it go!

 

[richlawson]

Rule number 1: Ignore 99% of the prices on here.

yeah i should do that

 

[The Chubby Pirate]

I dont see what the issue is here there french cars they dont hold there value all that well anyway id never buy a new car regardless what it is because its gonna depreciate like f**k before its even kicked a ball

 

[R20 CWH]

they have been steaily dropping, given you can get a 197 for 9k - 9,5k for a high mile 56/07 its hardly a surprise that there sub 5k, alot are 03 platers, so 5 years old, thats 60% depreciation which is pretty fooking guid!

 

[cat171]

Rule number 1: Ignore 99% of the prices on here.

+1

 

[ant_wales]

They have dropped IMO partly because of the 197 being introduced, and partly because of the credit crunch, meaning people wont pay the usual going rate for them. My advice is to hold onto it for a while..

 

[Ian_182]

Credit crunch i would say.You dont buy a cup for function,you buy it for fun.And people have less money in there pockets at the moment for fun...

 

[kully]

f**k me how much have these come down in price

was after a 172 cup few months back and lokking to spend over 5k
NOW
there are 3x 03plates going for under 4900 and all have under 50kmiles
2x 02plates and there around 4500 with again under 50k miles

dunno wether i want one now as in a years time there be worth 3k

:-( Type R it is then

i sold my modified cup for 6k5
jayhunt sold is cup for 6k2

both were 53 plate with 27k ish miles , so some are cheaper than others atm .

 

[Ian_182]

There is a 52 plate cup on autotrader at the moment ,private sale 33k on the clock for 4500 quid

Prices are all over the place

 

[Jamsxr]

Some will be due a cam belt and a service though. I got mine over a month ago for £5,250. It has done 35,000 miles and had new pads and disks and the cam belt done. A few of the others i looked at were just under £5K but needed cam belt, tyres ect...

 

[C.J]

Can't wait to get mine next month.

I'm hoping with the Credit crunch i'll pick one up at a good price.

 

[UnderSteerDan]

It certainly is a buyers market at the moment - ive seen so many bargains recently.

If only i had an infinte bank balance and the space of a mid west american cattle farm in which to keep them!

 

[-J-]

I purchased my Cup in iceburg Silver with C\C about a month ago with less than 16,000 miles, FRSH, 1 Owner and paid £6500, Its the old addage, You get what you pay for.

 

[Cup Sport]

I can see where people are coming from, I sold my 172 cup in 2007 to renault garage in the end as couldn't shift it on autotrader was up twice. Only wanted 5K for it as thats what I got trade price for. God knows why it didn't sell. Had full reno service and rentech just did the 36K service had hayward full system and was mint! maybe it was bad timing, seen it a few times round crawley, god I miss that car!

 

[Ads_172]

They're specialist cars as well, remember, so you need to find someone out there that wants the specific car you're selling and is prepared to travel.

 

[R20 CWH]

I purchased my Cup in iceburg Silver with C\C about a month ago with less than 16,000 miles, FRSH, 1 Owner and paid £6500, Its the old addage, You get what you pay for.

very rare in that spec. Probably one of thee lowest mileage silver ones as well!

 

[-J-]

I purchased my Cup in iceburg Silver with C\C about a month ago with less than 16,000 miles, FRSH, 1 Owner and paid £6500, Its the old addage, You get what you pay for.

very rare in that spec. Probably one of thee lowest mileage silver ones as well!

So im told... Its upto 16500 now though so is creaping up slowly!

 

[JON13S]

get them miles on there lol

 

[cat171]

I purchased my Cup in iceburg Silver with C\C about a month ago with less than 16,000 miles, FRSH, 1 Owner and paid £6500, Its the old addage, You get what you pay for.

very rare in that spec. Probably one of thee lowest mileage silver ones as well!

+1 It sounds a very nice car.

I'm a firm believer that you get what you pay for too

 

[-J-]

very rare in that spec. Probably one of thee lowest mileage silver ones as well!

+1 It sounds a very nice car.

I'm a firm believer that you get what you pay for too

For anyone interested few pictures -

http://www.cliosport.net/forum/showthread.php?t=321942

Missing her Cup lower splitter at moment as have a K-Tec one due shortly.

 

[Nomad]

Hmm, I didn't feel much of a depreciation with mine. Although circumstances were different.

I purchased my 172 Cup £5600 in 2006, 16 months later the insurance company paid me £5000 after it was written off.

 

[bradharding24]

The next few years wont be normal years for car depreciation. There is a massive recession coming, and used car prices are going to plummet like a stone.

There is a credit crunch, and finding 5k for a car when you have no access to credit is almost impossible for most people. For this reason (the drying up of credit ie loans) used car prices are going to head south very quickly from here.

The boom is over, welcome to the bust.

In the next 5 years youll also see very few supercars made. I read a great artical once about supercars and how their manufacture coincides with times of easy credit, but they dissapear when credit levels dry up.

Expect loads of 4x4's and porsche boxsters in the autotrader in the next 6 months.

 

[Ads_172]

There's still credit about for small loans though, slightly more expensive but still not crippling.

 

[cat171]

The next few years wont be normal years for car depreciation. There is a massive recession coming, and used car prices are going to plummet like a stone.

There is a credit crunch, and finding 5k for a car when you have no access to credit is almost impossible for most people. For this reason (the drying up of credit ie loans) used car prices are going to head south very quickly from here.

The boom is over, welcome to the bust.

In the next 5 years youll also see very few supercars made. I read a great artical once about supercars and how their manufacture coincides with times of easy credit, but they dissapear when credit levels dry up.

Expect loads of 4x4's and porsche boxsters in the autotrader in the next 6 months.

No offence, but i'm fed up with hearing about 'the credit crunch' all the time. I think it's getting very over inflated.

At the end of the day, cars get older they deprecaite, a newer model comes out, they depreciate. That's life.

 

[Ads_172]

Indeed, the ph1 172 suffered the same crippling dep'n when the country was at the peak of boom - it happens.

 

[Se7en172]

The next few years wont be normal years for car depreciation. There is a massive recession coming, and used car prices are going to plummet like a stone.

There is a credit crunch, and finding 5k for a car when you have no access to credit is almost impossible for most people. For this reason (the drying up of credit ie loans) used car prices are going to head south very quickly from here.

The boom is over, welcome to the bust.

In the next 5 years youll also see very few supercars made. I read a great artical once about supercars and how their manufacture coincides with times of easy credit, but they dissapear when credit levels dry up.

Expect loads of 4x4's and porsche boxsters in the autotrader in the next 6 months.

I think this is a very valid comment, and a sign of things to come. I could not agree with you more! How long this is going to last though, I don't know?

I have already started to adjust by selling up and getting some extra cash in the bank! Judging by the way things are going, it's only going to get worse, alot worse if you ask me, the working class and middle class are going to get hit quite hard! The issues are not being addressed by the government, despite them being brought to light every single day in news bulitens!

 

[Ian_182]

Dont agree with all of that bradharding.The supercar market has never been stronger.

 

[Se7en172]

obviously the supercar market is always going to thrive as the millionaires who buy these cars are not going to be effected by any of this lark!

 

[UnderSteerDan]

I think the majority of this 'credit crunch' is media scaremongering.

Wait until the the banks release the details of their last financial year. Dont be surprised to find that their profits are much higher than we, asnd their rivals expect. Thus making access to money a little easier. Small personal loans will not really be affected.

 

[bradharding24]

The credit crunch is real. Inter bank lending rates are being revised up. Bank of england base rates have detatched from libor. The bank of england (mervin King) recently said no more rates cuts until 2010.

The fact is no bank knows what losses other banks have and so are reluctant to lend money to each other. Weve had two banks go bankrupt already (northern rock and bear sterns) and weve had many UK banks in shareholder rights issues.

Most people buy second hand cars with a loan. As loans become harder to acquire, it stands to reason that car prices will drop. Just as easy credit made house prices soar, tighter lending conditions will mean house prices (and used car prices ) will fall.

Another over looked effect on used car prices is inflation. If my car is worth £5000 now, and in 1 year time its worth £4500, ive losy £500 right? Wrong, you have to inflation adjust the figure, (at present) around 7-10% for inflation. The buying power of money goes down over time. Inflation is only going one way from here and thats up. Thats why the BoE will no longer lower interest rates, as they are looking at a CPI of around 4% and wage inflation is starting to take off too.

Disagree all you like, but used car prices are going to take a hammering. We can resurect this thread in a couple of years and see who is right. In the next couple of years people are going to be trying their hardest to pay the mortgage and fill the car they currently have with fuel (tipped to go over £2 a litre by the end of the year), buying a fast car will be the last thing on peoples mind.

 

[Andyman]

Its a buyers market. Hell of a drivers car for the money is a Cup!

If your worried about any form of depreciation, dont buy a car end of.

As already stated the Cup wont drop that much more in price over the next few years. (see ph1 172's as a example) Your Type R will still lose a couple of k's plus you'll have raided your bank account of more coin to buy it in the first place!

 

[The Chubby Pirate]

Its a buyers market. Hell of a drivers car for the money is a Cup!

If your worried about any form of depreciation, dont buy a car end of.

As already stated the Cup wont drop that much more in price over the next few years. (see ph1 172's as a example) Your Type R will still lose a couple of k's plus you'll have raided your bank account of more coin to buy it in the first place!

The type R will lose money but it wont lose as much as that of a 172.

If you look at a 2002/3 172, and a 2002/3 Type R the price diffrence will almost be £2000 or more obviously dependant on mileage and condition but there generally dearer and hold there value paticullarly well, its just the way it is. Honda build better cars.