Are things turning?

Author
Discussion

V8forweekends

2,481 posts

124 months

Friday 5th September 2014
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I can guarantee that whatever car I have will buck any trend of appreciating and be valueless as soon as I purchase it and remain so.

Skyedriver

17,858 posts

282 months

Friday 5th September 2014
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V8forweekends said:
I can guarantee that whatever car I have will buck any trend of appreciating and be valueless as soon as I purchase it and remain so.
You and I must have the same taste in cars
Do you find that once you sell they increase disproportionately?

Been in conversation with a chap with an 80's 911. I drove one a couple years ago and wasn't impressed but I've always liked the shape, idea, capability etc
Tried a Targa last year, thought the scuttle shake attrocious (like my spelling) the price around £11k

Now I find cars that were £6or £7k in the 90's, and £12k a few years ago are fetching the price of a small house or at least the asking price is such.
Trouble is it takes interesting cars out of the hands of the enthusiast and into the warm garage of the collector, who likes to show off his collection but never uses them for fear of losing money.
Personally I couldn't drive or risk a £40k car on the road every day and mild competition at the weekend as I couldn't afford one if it were to get damaged. So I drive a Mini Clubman, a Chimaera, a Jag X type...
Wish I had kept my Lotus 7 sold for £5500, E30M3 sold for £8000, Lotus Elan DHC S4, sold for £6000 etc

Rincewind209

288 posts

117 months

Saturday 13th September 2014
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The market for classics will always be a sort of mirror image of the economy. Whilst people have money they will lust for things. Quality cars will still have their premium because they were the stars then and still are. As people age, their eye turns to the cars they used to covet in their youth. I still remember being on my paper round and regularly passing a P5B and a triumph GT6. They used to be given away yet now are steadily increasing ( particularly the P5B). Beautiful cars are always beautiful.