bi22le
|
posted on 11/2/16 at 08:18 PM |
|
|
what car would you invest in.
Many people have earned good money from investing in cars. Sone nearly doubling in value in 10 years.
Something that common finance investment just cant match unless closely managed.
So I put a challange to the LCB collective.
Budget of 3k and 5 year return. What would you buy?
As a starter, I am thinking MG BGT
[Edited on 11/2/16 by bi22le]
Track days ARE the best thing since sliced bread, until I get a supercharger that is!
Please read my ring story:
http://www.locostbuilders.co.uk/forum/13/viewthread.php?tid=139152&page=1
Me doing a sub 56sec lap around Brands Indy. I need a geo set up! http://www.youtube.com/watch?v=EHksfvIGB3I
|
|
|
twybrow
|
posted on 11/2/16 at 08:23 PM |
|
|
A decent Pug 205 GTi would be a safe bet. Or a classic Impreza Turbo?
|
|
emwmarine
|
posted on 11/2/16 at 08:37 PM |
|
|
quote: Originally posted by bi22le
Many people have earned good money from investing in cars. Sone nearly doubling in value in 10 years.
Something that common finance investment just cant match unless closely managed.
So I put a challange to the LCB collective.
Budget of 3k and 5 year return. What would you buy?
As a starter, I am thinking MG BGT
[Edited on 11/2/16 by bi22le]
3k isn't really a budget.
I think to get a classic as an investment you need to get a good example and keep it that way.
I've got a GT6 which it would be nice if it acted as an investment but to be honest is just nicer than seeing the money going down in value in
the bank.
If you're looking at MGB GTs I would look to a budget of 9 - 10 K and get a very good one.
Building a Dax Rush.
|
|
Ugg10
|
posted on 11/2/16 at 08:49 PM |
|
|
had a Fury which I sold and two years ago went for a heavily modified Anglia, now nearing completion. The price of classics seems to have risen
sharply over the past year or so, and not just Mk1 Escorts. So, at 3k getting a nice classic may be tight or need a bit of tidying - I would try an
A40 farina, you may possibly pick up a 100e, maybe a spitfire or an Anglia 103e (cheaper than a pop). MGB is likely to be a rubber bumper at that
price.
Remember if it is pre 1960 there is currently no MOT or Tax requirement.
this looks nice - bit over budget but -
MORRIS MINOR - 1965 - TRAFALGAR BLUE - RELIABLE - LOADS OF HISTORY - READY TO GO
---------------------------------------------------------------
1968 Ford Anglia 105e, 1.7 Zetec SE, Mk2 Escort Workd Cup front end, 5 link rear
Build Blog - http://Anglia1968.weebly.com
|
|
morcus
|
posted on 11/2/16 at 08:50 PM |
|
|
For small money your best bet would be to buy something that was common and is starting to disappear but hasn't yet become collectable, though
you'd probably want to keep it longer than 5 years.
Using my own logic I would be looking for decent examples of Rovers as a lot of them are probably as cheap as they'll ever be and I think there
may be a few one retired owner from new 75s still knocking about that won't be much money.
In a White Room, With Black Curtains, By the Station.
|
|
britishtrident
|
posted on 11/2/16 at 09:01 PM |
|
|
If you fancy a gamble for £500 to 1000 or so then look for a Rover 800 Vitesse Turbo Sport ---should land a pristine one in that price range
For a bit more look for an MG TF but only an immaculate one
If you had more still 5k you could find a decent FWD Lotus Elan M100
[I] “ What use our work, Bennet, if we cannot care for those we love? .”
― From BBC TV/Amazon's Ripper Street.
[/I]
|
|
Wadders
|
posted on 11/2/16 at 09:02 PM |
|
|
I'm with ewemarine, unless your incredibly lucky a 3k MGB will be a pile of tat, and in 5 years it will still be a 3k pile of tat. In 50 years
it might be worth something......but never loads as too many were made.
Trick with classics is to have a crystal ball and buy something that no one has cottoned on to yet. I saw a quote the other day about classic bikes
which went along the lines of " you never pay too much for a classic, but you can pay too early" wise words really.
With 3k to play with, you might be better looking at bikes, 70's Japanese stuff could be just about in budget.
As for your double in 10 years statement, my mate bought a very tidy Jenson interceptor roughly 10 years ago for 12.5k, he turned down an offer of
£75k for it the other week......
|
|
bi22le
|
posted on 11/2/16 at 09:10 PM |
|
|
I like the idea of a bike but I can't ride it as I don't have a licence. Easier to store though.
I would like to use and enjoy it in the summer, then wrap it up for the winter. 500 miles a year
Track days ARE the best thing since sliced bread, until I get a supercharger that is!
Please read my ring story:
http://www.locostbuilders.co.uk/forum/13/viewthread.php?tid=139152&page=1
Me doing a sub 56sec lap around Brands Indy. I need a geo set up! http://www.youtube.com/watch?v=EHksfvIGB3I
|
|
Irony
|
posted on 11/2/16 at 09:11 PM |
|
|
A few years ago a triumph stag would have been good but now a good one will be 10-15k. I might go for a good Triumph Spitfire.
|
|
02GF74
|
posted on 11/2/16 at 09:14 PM |
|
|
For mgb, youd need min 6k for decent condition unless you plan to restore. Mg midget or triumph spitfire may just be in budget.
Mr2 turbo? Volvo 850 t5 or r?
S2000? <<< scrub that, outa budget.
Ford capri?
Early vw golf?
Kawasaki z1000?
Alfa 159
[Edited on 11/2/16 by 02GF74]
|
|
Doctor Derek Doctors
|
posted on 11/2/16 at 09:23 PM |
|
|
You need something that nobody really appreciates at the moment so hardly anyone will save them. Also if it has a good motorsport pedigree, or a bit
of heritage or a good back story it will help.
Last year I picked up an Alfa 155 2.0TS Sport for £300, there are only a couple of hundred (of any type) left in the country now and only about 50 2.0
Widebodies. I think as my generation mature they will become sougth after due to people fondly remembering mid-nineties BTCC.
Actually there's the answer, mid-90's 2.0 saloons that were in the BTCC, Cav' GSI would surely be a good start.
Designer and Supplier of the T89 Designs - Single Seater Locost. Build you own Single Seater Racecar for ~£5k.
Plans and Drawings available, U2U or e-mail for details.
Available Now: The Sports Racer Add-On pack, Build a full bodied Sports Racer for Trackdays, Sprints and Racing.
www.t89.co.uk
www.racecarwings.co.uk
callan@t89.co.uk
|
NOTE:This user is registered as a LocostBuilders trader and may offer commercial services to other users
|
Hellfire
|
posted on 11/2/16 at 09:30 PM |
|
|
Alfa Romeo Spider 3.0 V6. Might have to increase your budget slightly though........
Phil
|
|
mark chandler
|
posted on 11/2/16 at 09:45 PM |
|
|
Classic ford, XR3i should hold its value and creep up.
Nicer to get something a bit special, XK8's have just bottomed out and are starting to turn, very nice cars I ran one for a couple of years.
|
|
james h
|
posted on 11/2/16 at 10:04 PM |
|
|
Mercedes 190E 2.3-16.
They are attainable for £5k and they're only going up! Parts from MB aren't always as dear as people think either.
|
|
morcus
|
posted on 11/2/16 at 10:21 PM |
|
|
you could try to find a car that's very rare but not particularly valuable and then buy all of them, then they're worth what ever you say
they are.
In a White Room, With Black Curtains, By the Station.
|
|
Sam_68
|
posted on 11/2/16 at 10:50 PM |
|
|
quote: Originally posted by emwmarine
3k isn't really a budget.
This.
...but at £3K, I'd maybe be looking at a decent, special edition Mk. 1 MX5, a Smart Roadster or a Mk. 3 MR2, especially if you intend to drive
the thing. Probably already missed the boat on the Mk1. MR2, at that price level.
If you were really lucky, you might find a serviceable M100 Lotus Elan for not much more than that, and if you were really brave you
might consider a 'wedge' Lotus Elite, whose time may yet be to come if the '70's become trendy again. Ditto Fiat X1/9, but
they're already rising in price at the rate where your budget will only buy you a rotbox.
|
|
Volvorsport
|
posted on 11/2/16 at 10:57 PM |
|
|
import a volvo 242 GT from oz for 3k......
prices will never go down for a car never offered in this country .....
if I just wanted to sit on some money , and make a bit in 5 years , then it would be a Merc SL.....
and as has been said already , anything with a pedigree in motorsport will always have its followers...
www.dbsmotorsport.co.uk
getting dirty under a bus
|
|
Adamirish
|
posted on 11/2/16 at 11:33 PM |
|
|
Honestly? I'd buy a ford puma or 2. You can buy them for peanuts at the moment. But over some forums they are going mad for them. I genuinely
think that in 5 years time a good one will only go up in value.
They are rusting away at a rapid rate so in a few years time only the good ones will be left.
I may actually put my money where my mouth is.
Also the classic Impreza turbo would be a good shout. You don't actually see that many around anymore. Well, not like you used to anyway. The 3
door cars have rocketed in value so a good 4 door will be the next best thing. A couple of years ago I was very close to buying a V5 STi typeR. Fresh
import, 60K KM's for £5000. That same car now is worth nigh on double that. Hindsight is a wonderful thing!
MK Indy 1700 Xflow
|
|
cliftyhanger
|
posted on 12/2/16 at 07:48 AM |
|
|
Always a gamble, and taking into account maintenance etc often not great investments. But far more fun than a savings account.
Something that was a "poster" car when first about is important. So the good hot hatches are a safe bet. But many are already climbing in
value. Sporting ford stuff, but MUST have an RS badge for real potential, but the XR should be OK. And intergalactic mileage is a no-no, full history
a must.
Otherwise the classics. GT6's have been shooting up in value, TR's (though not yet 7's) have doubled or more in 10 years.
Here choose something that will appeal to people who will be getting a fat pension pot.
|
|
jelly head
|
posted on 12/2/16 at 08:05 AM |
|
|
Suzuki Cappuccino?
Bit left field and probably not in the public consciousness enough but a good one might just drop in your budget and they're getting thin on the
ground now
|
|
cliftyhanger
|
posted on 12/2/16 at 08:36 AM |
|
|
how about a landrover? not sure what 3k buys though. Useful motor too. And cool.
|
|
nick205
|
posted on 12/2/16 at 08:44 AM |
|
|
quote: Originally posted by twybrow
A decent Pug 205 GTi would be a safe bet. Or a classic Impreza Turbo?
For me a 205 GTI represents a good investment. They're going up in value and I believe will continue to do so. They're great fun to own
and drive. They're practical for up to 5 people. At an older age they're reasonable to insure etc. £3k should get you a good one as
well.
|
|
nick205
|
posted on 12/2/16 at 09:29 AM |
|
|
quote: Originally posted by james h
Mercedes 190E 2.3-16.
They are attainable for £5k and they're only going up! Parts from MB aren't always as dear as people think either.
Great cars IMHO, I remember when they came out! At the time my best friend lived in Germany near the MB factory and whilst staying with him one year
his Dad took us for the MB factory tour - a good day out IIRC.
[Edited on 12/2/16 by nick205]
[Edited on 12/2/16 by nick205]
|
|
loggyboy
|
posted on 12/2/16 at 09:37 AM |
|
|
Clio Trophy? only 500 made, best production version of the best hot hatch in recent years. Pretty niche car, but IMO will be a genuine collectable
classic.
5k would get a mint low miler
But with any car thats being purchased as an investment, unless its one that needs work (so the investment/clawback is made with time and effort) to
keep/add to its value it would need to be locked away to keep mileage down and keep it mint. If not, there's no guarantee you will see any
sizeable return.
**Edit - mis read budget and times scales (I thought budget was 3-5, with no time scales)
- I dont think 3k will get you much return. Not in 5 years.
[Edited on 12-2-16 by loggyboy]
Mistral Motorsport
|
|
nick205
|
posted on 12/2/16 at 09:46 AM |
|
|
Given savings interest rates and the time/effort involved in usual financial investments a car could be a good investment. As above, the space to dry
store and work on it is a bonus and can really help make it worthwhile. Hand't considered a Clio as I'm not a Renault kind of a guy, but
I can see them rising in value.
|
|