Anyone seen an MGBGTV8 in "usable condition" for under £10,000? Ralph Hardwick, a Pricewatch team member, spotted this feature article in the latest issue of Classic Car Weekly with their table of the "HOTTEST SUB-£10k BUYS". He was puzzled by their listing an "MGBGTV8 as a hot-sub-£10k buy" - but what do they mean? Have you really seen an MGBGTV8 in a "usable condition ready to use and enjoy and won't embarrass you on a showfield" for sale at £7,500 or £6,500 as CCW claim? If you have seen one then please let the V8 Webmaster know. Email Peter Beadle reports the bidding for the "used" MGBGTV8 ended on 22nd February 2022 at 15:15:07 GMT with a winning bid of £8,110 - that's £1,610 or 24.8% more than the £6,500 CCW says is its price guide for a RB MGBGTV8s that are "in a usable condition, ready to use and enjoy and won't embarrass you on a showfield"! Update: 220222 Updated: 220222 Posted: 220217 MGBGTV8 price guide update on the V8 Register website In the table above you can see our guide prices for Condition 2 MGBGTV8s (in usable, presentable and road legal condition) are about 50% higher than those CCW claim. Above 6 monthly update of our MGBGTV8 price guide released in November 2021 based on the collection and a review of real market data. Table There is no mention of the MG RV8 in the CCW price table - our updated RV8 price guide released in November 2021 indicated the guide for a Condition 3 RV8 was between £14,000 and £14,700. More Classic Car Weekly say "there's a general belief you need to be minted to buy a classic car. Well, as you will find [in the next five pages of the feature article], such notions are complete twaddle. You don't need to spend in excess of a four-figure sum to have something interesting on your driveway". They add "all the cars listed can be bought with a budget of up to £10,000 . . . . cars which will be in what we deem to be a "usable condition". CCW say they are "cars that are ready to use and enjoy and won't embarrass you on a showfield". CCW adds "a quick glance at the prices we've listed also confirms that many of the cars here can hopefully be bought in superior or potentially competition-winning concours condition for less than our £10k cut-off. You might be pleasantly surprised at just how affordable one of the classics you're currently hankering for is really worth!" Did we see the term "complete twaddle" used above? What are the condition classes used for our MGV8 price guides? Condition 1 Generally excellent No obvious areas where expenditure is required. The car is road legal, original or tastefully upgraded. As these cars are now over 45 years old most will have had some restoration to an authentic original specification or to a tastefully upgraded condition, both with documentary evidence. Service history commands higher prices. "Top-end" Condition 1 cars are generally close to "near concours" condition. Condition 2 Sound but some areas may need cosmetic attention or refurbishment Usable, presentable and road legal car which may have had an earlier restoration. Some minor mechanical work may be needed. Any rust present should not compromise the structure (for example serious corrosion in the cills), although there may be some areas of corrosion that will require attention, possibly with replacement panels. Condition 3 Running but needing restoration May or may not have a current MOT but will be in need of fairly major restoration work or a rebuild - body panels, cills, engine overhaul, interior refurbishment etc. Cars in this category are unlikely to be completely original, but most will not have any major items missing. They are not basket cases except cars at the bottom of this condition class. MGBGTV8 recently on offer MGB GT V8 Condition: Used Winning bid: £8,110 Returns: No returns accepted Payments: Cash on pickup see advert CCW guide price for RB MGBGTV8s that are "in a usable condition, ready to use and enjoy and won't embarrass you on a showfield" is: £6,500 Real world - not hopeful Twaddle!