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Author: Subject: Classic Car - Appreciating Values
scootz

posted on 2/12/17 at 10:11 AM Reply With Quote
Classic Car - Appreciating Values

They've been on the up for a few years now, and I've missed the boat on on the usual suspects.

So, any suggestions for sub-10k cars that are likely to appreciate?

I have always liked Jag XJS's... had one a number of years ago. IMHO, the only problem that car had was that it followed the E-type! Otherwise it's a very handsome car.

The XJS prices still haven't taken off yet - likely?

Any other shouts?





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CosKev3

posted on 2/12/17 at 11:53 AM Reply With Quote
Still some classic sporty jap cars you could buy,they are going up well in price.
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loggyboy

posted on 2/12/17 at 12:14 PM Reply With Quote
E36 or E46 M3.

[Edited on 2-12-17 by loggyboy]






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theconrodkid

posted on 2/12/17 at 12:51 PM Reply With Quote
MX5,s.....funnily enough i have one for sale





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twybrow

posted on 2/12/17 at 01:40 PM Reply With Quote
So much to choose from at the moment. Find a car that had a cult following back in the day, yet remains very relevant and popular today. Find a good unmolested (or tastefully modded) car, preferably with low miles.

Off the top of my head: E46 M3, Porsche 996 (very undervalued at present), classic Impreza turbo, 205 GTI, Mk1 Elise etc. Or for more of a project: Mk1 Range Rover, Mk1 Escort, early Elan etc.

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mark chandler

posted on 2/12/17 at 02:05 PM Reply With Quote
I would say that XJS's have moved up quite a bit, I have had a couple lovely cars the last was a facelift 4.0litre manual which was faster than the V12 it superseded.

If you can stretch try and get a DB7, they are starting to move and will never be cheaper.

Old crocks like Sunbeam Alpines have been steadily going up and are ally good one should be within budget, pretty cars but like anything of that era not that nice to drive.

Porsche are still cheap, 928's a removing the right way, had one it was fantastic

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Toys2

posted on 2/12/17 at 02:17 PM Reply With Quote
It's such a tough question, I have a 1990s Elan, they can still be picked up for under 5k, but should be worth much more. They're a rare (in terms of numbers left) great handling, high performance Lotus, but just not to everyone's taste. I have mine for fun, not as an investment, the only thing that I can guarantee, is that if I ever sell it,THEN the values of them will go up in price

I think another thing to add to the formula is..
Unless you're really going to hold on to one for ages! The car in question must be out of production in all forms, including later - but similar versions

For example, the S1 Elise is a cracking car, but in my opinion the S2, right through to the current Elise's are better still

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morcus

posted on 2/12/17 at 02:57 PM Reply With Quote
It depends what you want to do with the car. Personally I think you've missed the boat for crazy increases in a short time frame because interest rates are going up and low interest rates apparently drive people to "invest in tangibles".

I think buying a car from the 90's or early 2000s that had a big following at the time would be a good choice as the people who coveted them as teenagers will soon move into middle age and want to relive the youth they never had. On that basis I'd like to suggest MR2, E46/39 BMW, Saxo, Astra GSI or something simillar.

Something else to bear in mind is the USAs 25 year import rule which I'm lead to believe has created a boom in Japanese car values. This one works on the above thinking too as you will be looking at the sort of cars the 90/00s teens were driving on Gran Turismo.

Or this, AutoTrader has a lot of E46 M3s for between 7k and 10k.

Ultimately though I'd say its only worth doing if you get a car you enjoy owning and treat any increase in value as a bonus. It can also create a problem where you can't ever justify selling it because it will keep going up and you'll never afford another one, like a friend of mine who bought a Capri when they were worthless.





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big_wasa

posted on 2/12/17 at 03:17 PM Reply With Quote
I bought one of the last new 2 stroke scooters 18 months ago. I should have held out for the very last special additions as they are already on the up.

I also think a well built kit will come good.

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rdodger

posted on 2/12/17 at 03:19 PM Reply With Quote
quote:
Originally posted by Toys2
It's such a tough question, I have a 1990s Elan, they can still be picked up for under 5k, but should be worth much more. They're a rare (in terms of numbers left) great handling, high performance Lotus, but just not to everyone's taste. I have mine for fun, not as an investment, the only thing that I can guarantee, is that if I ever sell it,THEN the values of them will go up in price

I think another thing to add to the formula is..
Unless you're really going to hold on to one for ages! The car in question must be out of production in all forms, including later - but similar versions

For example, the S1 Elise is a cracking car, but in my opinion the S2, right through to the current Elise's are better still


We also have a really nice M100 S2 Elan. A really good fun car and amazingly reliable! It must be down to the Isuzu engine :-)

We have had it about 4 years now and I think the values have risen about 15% in that time.

A really nice low mile one is no more than 10k






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Shooter63

posted on 2/12/17 at 03:41 PM Reply With Quote
My boss is big time into classic cars sl pagoda mercs e types early 911 etc, at the moment he's buying sl500 mercs like there going out of fashion ( 3 last week ) he doesn't get his fingers burned often ( excluding a genuine RHD 1966 mustang )

Shooter

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scootz

posted on 2/12/17 at 04:57 PM Reply With Quote
Cheers guys - a lot to think about there.

It would be a garage queen - only driven short distances on dry roads to keep things ticking over. Whatever I got, it would have to hold my interest - that's why I'm huffing and puffing about XJS's... I think they are are a beautiful shape and would always have a smile on my face every time I lifted the dust sheet!





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rdodger

posted on 2/12/17 at 05:14 PM Reply With Quote
There is your answer then. Buy what you like and makes you happy. Hopefully it will at least cover it's costs.

No point in having something you don't really like just to try and make a few quid.






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steve m

posted on 2/12/17 at 05:26 PM Reply With Quote
I had been thinking about sticking some money on a classic, as an investment,
But like most things investments can crash as well as go up

Now of coarse had I kept the series 1 flat floor 3.8 e-type that I paid 4500 in 1992, and sold for 6500 a few weeks later,
it would be worth 100k or more now, gutted !!

or the Lotus elan, 2+2 that I bought in 1983, and sold in 1989 (at a loss) would be worth an awfull lot more now

but then the maintenance and related costs of running these classics, would mean that any profit made on a sale, could be minimul

and then theres RUST, and a doubt there is one solid rust free XJS in the world, and certainly not the TWR Xjs that I was very interested in buying back in 1989 to replace the Lotus elan, as that Xjs had more rust than the titanic!

Personally, I believe my savings are better off with the premium bonds, and safer than investing in a rust pot

just my opinion

steve





Thats was probably spelt wrong, or had some grammer, that the "grammer police have to have a moan at




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ianhurley20

posted on 2/12/17 at 05:28 PM Reply With Quote
Thius will give you an idea of prices at a recent classic car auction

https://angliacarauctions.co.uk/en/classic-auctions/results/results-from-saturday-4th-november-2017/





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scootz

posted on 2/12/17 at 06:47 PM Reply With Quote
Cheers Ian





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perksy

posted on 2/12/17 at 06:58 PM Reply With Quote
quote:
Originally posted by ianhurley20
Thius will give you an idea of prices at a recent classic car auction

https://angliacarauctions.co.uk/en/classic-auctions/results/results-from-saturday-4th-november-2017/





There's some bargains amongst those listings

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mark chandler

posted on 2/12/17 at 07:00 PM Reply With Quote
Face lift XJS were galvanised, just means they rust from the inside out not both ways, a good one is a lovely place to be.

My DB7 was 16,000 7 years ago, now worth 25,000 although I would need to sit on it to achieve this.

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loggyboy

posted on 2/12/17 at 07:27 PM Reply With Quote
Oh, Clio Trophys are on rise (4-5k 3 yrs ago, 6-7) this year.






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jeffw

posted on 2/12/17 at 08:17 PM Reply With Quote
Honda S2000, get a late one with lowish miles and you'll make money in the long term





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scootz

posted on 2/12/17 at 10:18 PM Reply With Quote
quote:
Originally posted by jeffw
Honda S2000, get a late one with lowish miles and you'll make money in the long term




I've seen this said elsewhere, but theres over 4500 of them on UK roads just now.

I guess you'd have to sit on one for a lot of years to get the return?





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PAUL FISHER

posted on 3/12/17 at 12:35 AM Reply With Quote
I agree with Jeffw, although they may be 4500 registered, how many are low mileage late model, most are early model high mileage cat C and D car or imports, you can still pick up a nice one for less than 10000, should make you 10% a year I think.
The other cars I think would be a good investment are the early maserati's the old twin turbo's.
A few out there from 6500.
Also any old Ginetta's , as they are again building new cars, second hand early cars will come on strong over the next few years as they get a bit of a following.

[Edited on 3/12/17 by PAUL FISHER]

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loggyboy

posted on 3/12/17 at 01:09 AM Reply With Quote
Its still the percentage game, better to have car that has the low mileage late registration but is also limited in numbers. Also, the S2000 is great car. But classic? Maybe if they did some 'special' ones but not really obscure enough to be assured of good appreciation.






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scootz

posted on 3/12/17 at 11:10 AM Reply With Quote
quote:
Originally posted by PAUL FISHER
Also any old Ginetta's , as they are again building new cars, second hand early cars will come on strong over the next few years as they get a bit of a following.



This Ginetta G20 has popped up for sale a lot over the last 5 years and almost doubled in asking price. I don't think there's much room for it to go a lot further TBH.





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scootz

posted on 3/12/17 at 11:13 AM Reply With Quote
This Tommy Kaira ZZ certainly isn't going to lose any money at 35k. Way out of my price league though!





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