I can never look at a TR7 without remembering that one of my high school students bought one in the late '80s, and died in it a few days later when he crashed it. While it probably wasn’t the fault of the car, I just can’t forget that sad situation when I see an image of a TR7.
The auction will be on the UK show Bangers & Cash. I believe the episode has aired already in the UK but unknown how soon the newest series will be available in the US. The reserve for the auction was about $6,100 USD with an estimate from the auction around the reserve. Someone must have fallen in love with this cara and found themselves in a bidding war over it. Not what I’d spend that sort of money on but the show must be better remembered by the locals than we’d understand here.
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Me either. But I do like the cars of that era b/c with no electronics modules, and good parts availability, it is possible for a diy’er to keep them in use for years and years. Ask me how I know? … lol … Modern cars, if an electronics module fails after 12 years, you may not be able to buy a replacement module. And the modules often cannot be transferred from a wrecked car to your car b/c of software compatibility issues or just that the manufacturer will not allow any used module transfers. With no electronics module available , car is often unusable, only option is to crush it. I’m guessing this is part of the reason for the increasingly high prices commanded by classic cars.
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Our family car was a 1977 Chevy Malibu, V8 350 cu … with, if I remember right, about 170 hp. Today’s mundane 4-cyl cars give us more horse power than that.
Somehow, though, our Chevy pulled a pop-up camper and a family of five from Texas to Pennsylvania in 1982 to visit grandma (and enjoy state parks along the way, and to stop at Graceland and Tupelo to surprise Mom).
The LM1 engine had 250 lb-ft torque to help pull your trailer.
There is no vehicle on Earth that I would pay $38k for, period. $3800, sure, but $38,000, no effin’ way! Nor would I ever pay more than $250k for a house. The fact that the market says these things are “worth” more really just means that other people have more money than common sense. Sooner or later, this “everything bubble” will burst for the simple reason that incomes do not support current prices, not by a long shot!
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I looked up what is available for $250K or less in Phoenix, and I’m not impressed.
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As long as you don’t mind hearing/seeing EMS and LEO’s in your neighborhood day and night and having iron bars covering your windows and doors for security/safety and not knowing if your vehicle will be in the same condition/place as you last saw it, you can find some cut little homes in Nashville area for $250K or less… Or move an hour away from Hospitals and any healthcare and then you are limited…
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Just out of curiosity, I decided to do an online search for homes near me that cost $250k, or less. I finally found this one, located about 25 miles away, and it’s on the market for $225k. No–that’s not a joke.
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The lot is for sale at $225,000. They might have asked more if the shack wasn’t there.
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Homes in NH are NUTS. This is what $340k gets you in NH. - A double wide in a nice neighborhood. That’s $100k more then I paid for my 2600 3bd/3bath Colonial on almost 8 acres of land over 20 years ago.
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This home in NJ recently sold for $1,281,000. Its price was boosted by being located at the Jersey shore, but–yes–absolutely nuts here too:
I wouldn’t pay $38k, even if it was someone else’s money.
The only house in my neighborhood you could get for less then $250k is this recently burned tear down. Mine is a 3 BR 2 Bath and it was $365k.
P.S. no one was hurt.
Not much horsepower in that 1970s 350 GM V8, but still plenty of torque. I had one in a 1971 Vista Cruiser. After the first year of getting the bugs out of the new (no lead gas) emissions system it was a really great car, which lasted for 150,000 miles and 10 years, towing campers, boats, and a family of 4, plus pets, all over the USA.
Land for Sale:
with shack: $250,000
without shack: $500,000!
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Where we had a cabin by the little town by the lake in South Dakota, you could buy a house for $20,000. Indoor plumbing and city water. 30 miles only from a larger city for work. So there are ways.
Story: my BIL s dad had some undesireables move in next door. Finally he just made an offer to buy the house and tore it down. Peace restored for under 30k.
There is a financial expert among us!
The price of these classic cars is supposed to be falling since the generation that grew up during that time and had fun with them are starting to not drive anymore, causing reduced demand and more supply as grandpas’ cars are being sold.
True for pre-WWII and many 1950s cars, not yet for '60s, and '70s/'80s cars are rising in popularity. This TR7 is a '77.