In that case I'll buy it off you for a quid and give you the first option to buy it back at 20k when they do go up.
Win-win.
Classic cars as investments?
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LynehamHerc
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Re: Classic cars as investments?
I’m guessing Beeston, or Holbeck?LynehamHerc wrote: ↑Mon Mar 28, 2022 10:53 am I think I've said before on here that there were 3 Daytonas for sale at 5k each in 1974 near where I lived. Even if I had the money to buy them, they were about 2x my then annual salary. I'm also not certain parking them outside a 2 up 2 down in one of the roughest areas in Leeds would have been a wise move.
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LynehamHerc
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Re: Classic cars as investments?
Daytonas in Headingley.
Me in Harehills, where the riots were.
You could argue near is poetic licence but I've walked a fair bit further after a night on the piss.
Me in Harehills, where the riots were.
You could argue near is poetic licence but I've walked a fair bit further after a night on the piss.
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treehugger
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Re: Classic cars as investments?
Fforde grene?LynehamHerc wrote: ↑Thu Mar 31, 2022 4:16 am Daytonas in Headingley.
Me in Harehills, where the riots were.
You could argue near is poetic licence but I've walked a fair bit further after a night on the piss.
As I suspected I was right about everything.
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LynehamHerc
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christine
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Re: Classic cars as investments?
Sold for £ 202,500 ,I think there was some more parts though..
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Broccoli
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Re: Classic cars as investments?
The only car I’ve ever made real money on is a Mk1 escort Mexico and then not much.
Bought it with 48k miles on the clock for £450 in Wales around 2002. Sold it for £2300 around 2006 and thought I’d done well… I had to sell it as I was leaving for the US. Told my uncle he could have it for free if he wanted it, but he had some ‘expert’ look at it and they told him it wasn’t worth fixing. He still moans about that…
It needed the arches welding as they were bubbling, but not much else wrong with it other than stupid stuff (the window mechanisms were stiff - that kind of thing). It was yellow and I’d managed to pick up some great spares along the way (e.g. AVO plastic bonnet - never fitted, that I sold off separately but barely got my money back)
I’m normally just happy if I only lose a $1k per year of ownership. When you factor in insurance, service, things that go wrong, registering the car (and used car tax here in the US at 6%) I don’t think it’s easy to come out much better than that.
Bought it with 48k miles on the clock for £450 in Wales around 2002. Sold it for £2300 around 2006 and thought I’d done well… I had to sell it as I was leaving for the US. Told my uncle he could have it for free if he wanted it, but he had some ‘expert’ look at it and they told him it wasn’t worth fixing. He still moans about that…
It needed the arches welding as they were bubbling, but not much else wrong with it other than stupid stuff (the window mechanisms were stiff - that kind of thing). It was yellow and I’d managed to pick up some great spares along the way (e.g. AVO plastic bonnet - never fitted, that I sold off separately but barely got my money back)
I’m normally just happy if I only lose a $1k per year of ownership. When you factor in insurance, service, things that go wrong, registering the car (and used car tax here in the US at 6%) I don’t think it’s easy to come out much better than that.
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Broccoli
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Re: Classic cars as investments?
If I was in the UK looking to make some quick $$$, I would be out looking for nice early Imprezas. Specifically WRX and STis with some limited edition related to them.
There are people in the US falling over themselves for them, now they are 25 years old and formerly forbidden fruit. I wouldn’t mind one myself.
Advertise it on eBay and include America shipping etc. The prices being paid over here is crazy. They are being brought in from Japan too, but the source seems fairly dried up.
There are some in Canada, but they tend to be rusty hulks now.
There are people in the US falling over themselves for them, now they are 25 years old and formerly forbidden fruit. I wouldn’t mind one myself.
Advertise it on eBay and include America shipping etc. The prices being paid over here is crazy. They are being brought in from Japan too, but the source seems fairly dried up.
There are some in Canada, but they tend to be rusty hulks now.
Re: Classic cars as investments?
Anything Japanese and performance oriented that's 25 years old, or about to be, is absolutely fucking crazy money due to the American fascination with them.
My general theory when buying cars is that I assume I'll never get any of the purchase price back, then I surprise myself when I eventually sell something for even half what I paid for it.
For example, I bought the Civic with funds I already had. The funds I've made from raffling the 205 were 'spare' so have gone straight into my stocks and shares ISA. Since I last posted about it a few days ago it's back in the green again, so I guess it was just a temporary blip.
Whenever I do actually pull my finger out and try to buy a house, the deposit will be a wee bit healthier.
My general theory when buying cars is that I assume I'll never get any of the purchase price back, then I surprise myself when I eventually sell something for even half what I paid for it.
For example, I bought the Civic with funds I already had. The funds I've made from raffling the 205 were 'spare' so have gone straight into my stocks and shares ISA. Since I last posted about it a few days ago it's back in the green again, so I guess it was just a temporary blip.
Whenever I do actually pull my finger out and try to buy a house, the deposit will be a wee bit healthier.
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angrydicky
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Re: Classic cars as investments?
I like Japanese saloons and hatchbacks of that era, but I can’t get interested in this mega-money performance stuff.
It wasn’t that long ago that Imprezas were owned by penniless chavs and all were driven poorly, were covered in Monster Energy stickers and of course had the drainpipe exhaust, dump valve and silly aftermarket wheels.
The only thing that’s changed is said chavs have got money and now plan to relive their yoof.
I still can’t look at an Impreza without thinking the owner is a colossal bell end. Same with Skylines.
Pete-M on the beige bought a really clean and totally original, low mileage Impreza a few years ago which is the only one I’ve ever seen with the original pea shooter exhaust.
It wasn’t that long ago that Imprezas were owned by penniless chavs and all were driven poorly, were covered in Monster Energy stickers and of course had the drainpipe exhaust, dump valve and silly aftermarket wheels.
The only thing that’s changed is said chavs have got money and now plan to relive their yoof.
I still can’t look at an Impreza without thinking the owner is a colossal bell end. Same with Skylines.
Pete-M on the beige bought a really clean and totally original, low mileage Impreza a few years ago which is the only one I’ve ever seen with the original pea shooter exhaust.