Classic cars as investments?
-
- The only technocripple in the village!
- Posts: 10559
- Joined: Thu Apr 11, 2019 1:04 pm
- Has thanked: 1602 times
- Been thanked: 954 times
Classic cars as investments?
Don't think this has been covered as such. My cousin thinks he may be made redundant to the tune of £30k.
He's seen the odd classic car he fancied on ebay or something, think a wolseley 6/99 among others. Not really a goer as he's got nowhere at all to keep it, but can it really be a good place to invest your money?
Cue laughter on here I guess..
He's seen the odd classic car he fancied on ebay or something, think a wolseley 6/99 among others. Not really a goer as he's got nowhere at all to keep it, but can it really be a good place to invest your money?
Cue laughter on here I guess..
As I suspected I was right about everything.
- Eddie Honda
- Rainman The Google Fu Master
- Posts: 21558
- Joined: Tue Apr 09, 2019 10:45 pm
- Location: 寄居町
- Has thanked: 13450 times
- Been thanked: 13265 times
- Warren t claim
- Posts: 15770
- Joined: Thu Apr 11, 2019 10:16 pm
- Location: Wirral
- Has thanked: 6722 times
- Been thanked: 9454 times
Re: Classic cars as investments?
A hot Saxo or Corsa is a better medium term investment.treehugger wrote: ↑Thu Mar 24, 2022 9:08 pm Don't think this has been covered as such. My cousin thinks he may be made redundant to the tune of £30k.
He's seen the odd classic car he fancied on ebay or something, think a wolseley 6/99 among others. Not really a goer as he's got nowhere at all to keep it, but can it really be a good place to invest your money?
Cue laughter on here I guess..
TDW disclock and killswitch champion.
- Hooli
- Self Appointed Internet God
- Posts: 33543
- Joined: Mon Apr 08, 2019 9:25 pm
- Has thanked: 14345 times
- Been thanked: 11128 times
Re: Classic cars as investments?
That's probably true, unfortunately.Warren t claim wrote: ↑Thu Mar 24, 2022 9:17 pmA hot Saxo or Corsa is a better medium term investment.treehugger wrote: ↑Thu Mar 24, 2022 9:08 pm Don't think this has been covered as such. My cousin thinks he may be made redundant to the tune of £30k.
He's seen the odd classic car he fancied on ebay or something, think a wolseley 6/99 among others. Not really a goer as he's got nowhere at all to keep it, but can it really be a good place to invest your money?
Cue laughter on here I guess..
Private signature, do not read
- christine
- Posts: 4238
- Joined: Wed Apr 10, 2019 9:50 pm
- Has thanked: 1325 times
- Been thanked: 1714 times
Re: Classic cars as investments?
My mate bought an xk140 drophead , 2008 recession , and said dont go thinking i'm loaded ...i cashed in my pension 65K ... i'm going to enjoy it and hopefully make more in the long run until i retire and sell it .. Worked out so far !
- Warren t claim
- Posts: 15770
- Joined: Thu Apr 11, 2019 10:16 pm
- Location: Wirral
- Has thanked: 6722 times
- Been thanked: 9454 times
Re: Classic cars as investments?
The thing is "investors" are buying early hot Mondeo's and Puma's because historically OSFs have done well in the past. The only reason 70s/80s Ford stuff is worth money today is because it was aspirational back in the day. To guess what'll be worth money in five years just look at what was lusted after 15 years ago.
TDW disclock and killswitch champion.
- Warren t claim
- Posts: 15770
- Joined: Thu Apr 11, 2019 10:16 pm
- Location: Wirral
- Has thanked: 6722 times
- Been thanked: 9454 times
Re: Classic cars as investments?
I can see the right spec E36 BMW fetching good money in a few years.
TDW disclock and killswitch champion.
- Warren t claim
- Posts: 15770
- Joined: Thu Apr 11, 2019 10:16 pm
- Location: Wirral
- Has thanked: 6722 times
- Been thanked: 9454 times
Re: Classic cars as investments?
A leftfield gamble would be the Alfa 156 and 166. 164s are rising in value.
TDW disclock and killswitch champion.
- Jerzy Woking
- Posts: 3661
- Joined: Sat Jul 31, 2021 8:18 pm
- Location: Espaná
- Has thanked: 2554 times
- Been thanked: 1636 times
Re: Classic cars as investments?
Exactly this. A few of us were discussing what car would you buy tommorrow as a potential investment. Very difficult.Warren t claim wrote: ↑Thu Mar 24, 2022 9:25 pm The thing is "investors" are buying early hot Mondeo's and Puma's because historically OSFs have done well in the past. The only reason 70s/80s Ford stuff is worth money today is because it was aspirational back in the day. To guess what'll be worth money in five years just look at what was lusted after 15 years ago.
Who would have guessed in 2000 that a 25 year old MkI three door Ford Escort would be selling for what they are 22 years later?
- Warren t claim
- Posts: 15770
- Joined: Thu Apr 11, 2019 10:16 pm
- Location: Wirral
- Has thanked: 6722 times
- Been thanked: 9454 times
Re: Classic cars as investments?
Anything "Gran Turismo 1" will be worth laying down like a case of fine wine. Think Subaru Impreza, MX5, RX7 and especially the early NSX.
TDW disclock and killswitch champion.