what's an MGB worth

Discussion in 'General Discussion' started by mattc, Sep 22, 2011.

  1. mattc

    mattc Hardcore MB Enthusiast

    Messages:
    2,569
    Joined:
    Sep 27, 2007
    Location:
    Midlands
    Car:
    2003 E270 avantgarde, 1994 E320 Coupe
    Have just had a garbled request for info. regarding an old car that someone has inherited. Details as follows:

    1967 red MGB
    Bodywork in good order
    chrome looks a bit ropey
    nice black leather with red trim
    wire wheels
    hard top hangs from roof in garage.

    the person inheriting it wants to know what its worth but does not know when it last started and does not want to start it for fear of causing more problems.

    apparantly the former keeper spent £6-7K having bodywork and interior done (I dont know how long ago)

    new owner has been offered £1500 which I suspect is well below its value.

    opinions please.
     
  2. Ian B Walker

    Ian B Walker MB Club Veteran

    Messages:
    7,672
    Joined:
    Jun 7, 2003
    Location:
    Freckleton
    Car:
    300-24, saloon and coupe, E300 24 valve diesel estate
    These cars do not have a chassis as such. The sills form the chassis and are in 3 layers. Inner, centre and outer. If they are corroded the car has a tendency to sag a little and the doors become awkward to close. As for value, everything being right, they can go for £4k upwards (dependant on condition and history)
     
    1 person likes this.
  3. markjay

    markjay MB Club Veteran

    Messages:
    23,254
    Joined:
    Jun 24, 2008
    Location:
    London
    Car:
    W204 C180 Executive SE 2013 Automatic / COMAND NTG4.7 and Morel speakers fitted by www.comand.co.uk
    As a restoration project, it will be worth anything between £500 to £1,500, and if a fully-restored example it could fetch £4k-£5k - I think.

    But with classic cars it all depends on condition. So best bet is to find similar cars in similar conditions online and compare prices.
     
  4. Charles Morgan

    Charles Morgan MB Club Veteran

    Messages:
    8,207
    Joined:
    Feb 2, 2010
    Car:
    Mercedes 250CE W114, Alfa Romeo GT Coupe 3.2 V6
  5. GP801

    GP801 Hardcore MB Enthusiast

    Messages:
    2,881
    Joined:
    Jun 18, 2010
    Location:
    Sussex and Tuscany
    Car:
    2003 W209 CLK, 2005 R171 SLK in UK, 1995 S124 E280 in Italy
    A similar question came up recently in the motoring press but I have forgotten where precisely. Not much help I know but the answer was around £1000 max for one needing work. Less if really tatty. The MG owners club may be able to help. Fully restored/immaculate examples can be worth much more but very rarely over 10k. If it needs work £1500 sounds pretty fair.
     
  6. jaymanek

    jaymanek Authorised Forum Sponsor Authorised Forum Sponsor

    Messages:
    16,400
    Joined:
    Nov 29, 2002
    Location:
    Nuneaton Warwickshire
    Car:
    Lots of Mercedes!
    £1500 is about fair...

    I have recently sold decent examples for less than 2K.
     
  7. OP
    OP
    mattc

    mattc Hardcore MB Enthusiast

    Messages:
    2,569
    Joined:
    Sep 27, 2007
    Location:
    Midlands
    Car:
    2003 E270 avantgarde, 1994 E320 Coupe
    Have spoken with owner.

    The restoration work of £7K was back in the very early 90's so sounds like full on job (hope sills are ok).

    it was outside for a few years after that but has been garaged for at least 8 years and not moved (do not know whether it was turned over in that time - suspicion is not).

    I have offered to look at it on the weekend so I will have a good poke with a screwdriver! Will also take pics.

    Any more pointers of what to look for?
     
  8. Scott_F

    Scott_F Hardcore MB Enthusiast

    Messages:
    3,969
    Joined:
    Mar 12, 2010
    Rust, rust and rust. An MGB that has stood outside for years may well be beyond economic repair. They can be re-shelled but the cost is high:

    British Motor Heritage Limited

    And since it hasn't been on the road for years it will be difficult to assess the car's mechanical condition. To be honest, I'd be tempted to spend the money on a scruffy but solid runner with an MOT - at least you know what you're buying.
     
    Last edited: Sep 22, 2011
  9. corned

    corned Hardcore MB Enthusiast

    Messages:
    3,894
    Joined:
    May 2, 2008
    Location:
    Living in error with Maude at Cap Ferrat
    Car:
    car
    Given the information posted, I would advise them to take the £1500 and run!
     
  10. Ted

    Ted MB Club Veteran

    Messages:
    5,641
    Joined:
    Feb 26, 2004
    Location:
    Bourton on Dunsmore
    Car:
    SLC 250D AMG Line, Yamaha XVS 1100, Jeep Renegade
    Chrome bumper is good.
    Spare hardtop is good.

    It must be a roadster so check that the doors havent started to split on the outside skin near the rear of the quarterlight.

    Rear springs are leaf and can sag/break

    As others have said obviously rust is your enemy and can be hidden anywhere.

    I think that it is ripe for an enthusiast rebuild so £1500-£2000 seems about right.

    Just check that there is nothing special about it - special engine/power bulge (pretty sure there were no MGC roadsters) etc.

    IIRC roadster hardtops were very sought after - especially the ones with two perspex 'sunroofs'
     
  11. Scott_F

    Scott_F Hardcore MB Enthusiast

    Messages:
    3,969
    Joined:
    Mar 12, 2010
  12. 300CE

    300CE Hardcore MB Enthusiast

    Messages:
    1,475
    Joined:
    Apr 25, 2010
    Location:
    Sidcup, Kent
    Car:
    1990 300CE
    Roadsters are certainly more sought after & demand a lot more money - contacting the MG club is a good idea once you know the true condition.
     
  13. finisterre

    finisterre Hardcore MB Enthusiast

    Messages:
    941
    Joined:
    Oct 6, 2010
    Location:
    Buxton
    Car:
    Vito, Z4, 530i touring
    Not as much as you would think and more than I would give you.

    If you put a 1 1/4 (IIRC) socket on the pulley you may be able to get the crank to free up. Which would be a start.

    Good fun motoring though.
     
  14. grober

    grober MB Club Veteran

    Messages:
    26,892
    Joined:
    Jun 22, 2003
    Location:
    Perth, Scotland
    Car:
    W204 C200CDI Estate
    Has it been converted to run on unleaded fuel?
     
  15. Benzowner

    Benzowner Hardcore MB Enthusiast

    Messages:
    2,601
    Joined:
    Jun 21, 2004
    Location:
    Bristol
    Car:
    Qashqai Acenta Premium 1.6Diesel
    Used to own a 66 MGB, it must have wire wheels and overdrive. Points to look for, rusting petrol tank with usuall petrol smells, the top goes where all the crud gets thrown up. As been mentioned, the cills are a very important part, if the outer cills are a bit ropey, depending on what level of anti corosion the previous restorer did, the centre cills may be ok. Shockers worn and rear leaf sping mountings can be prone to rust. Good thing is there are still plenty of spares around through the MG Owners club, they also give agreed valuation insurance or used to, subject to pictures of the car. They are certainly worth much less now than they were in the late 80's and early 90's
     
  16. OP
    OP
    mattc

    mattc Hardcore MB Enthusiast

    Messages:
    2,569
    Joined:
    Sep 27, 2007
    Location:
    Midlands
    Car:
    2003 E270 avantgarde, 1994 E320 Coupe
    Thanks for all the info guys. I should get to view it this weekend and will take pictures for everyones appraisal
     
Tags:

Share This Page

  1. This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
    By continuing to use this site, you are consenting to our use of cookies.