Future Classics.
Discussion
SebastienClement said:
No, this isn't another "what would you buy and dry store", but has anyone here thought of / actually own a car that they intend to keep until it is (hopefully) a classic vehicle?
It wasn't my intention to own a "classic" car I just loved BMW E30's so I bought one 10 years ago. Use it as my every day car, couldn't find anything to replace it with so its still with me. At 20 years old its probably a modern classic and I can take it to classic car shows if I want, Bromley Pagent a couple of times. 
My Elise is insured on what they call a future classic insurance policy but not sure how long I will keep it.
My TVR Tuscan S. It's already a modern classic so is definitely a future classic, along with the Griffith, Cerbera V8 and Sagaris.
I don't think the classic market will be as kind to Chimeara's, T350's/Tamora's as they're not as recognisable, or the top versions of their respective chassis/body style.
I don't think the classic market will be as kind to Chimeara's, T350's/Tamora's as they're not as recognisable, or the top versions of their respective chassis/body style.
SebastienClement said:
I'd have thought it would come down to how much of a following different cars have, rather than how many were made 
Could well be, things like Cortinas, Capris are now classics so a Mondeo could be one, as cars get older more people look at them.A long term one would be to just keep your current wheels now for a decade or two.
Jaguar XK8 early example but I doubt it would be as sort after as an E Type is now. But who knows.
Promised Land said:
mike9009 said:
tomsugden said:
MX5, Shirley?
Too many produced....Have a look at each car on howmanyleft.com, and make decisions from there. Don't pick something that was too common to begin with.
Mike
Original Mini, did they make many of these and are they now classics?
VW Beetle, did they make many of these and are they now classics?
Being mass produced doesn't really mean it won't become a classic, the truth is no one knows what will or won't be a classic in the future. Exceptions being things like 911's and Ferraris like above although certain models of these cars won't increase like others will.
This is a question about which cars will out strip others in terms of value over a set time period. This argument can only ever be answered in 20 years time, so at this moment in time it is futile arguing over.
Mike
I have a Corrado VR6. Fellow owners have been hoping our day with the car as a classic will eventually come good - not yet though as values are in the dumps (but then so is the entire used car market). I've contemplated selling mine but there's no point as I'll get back about 1/4 of what I've spent in acquiring it and maintaining it, so I've decided to just hang onto it and see what happens over the coming years.
They're gradually getting less and less common on the roads and I'm hoping values will eventually start heading north
They're gradually getting less and less common on the roads and I'm hoping values will eventually start heading north
I think there are 2 distinct types of classic cars:
The limited production sports car that people wanted to own because they were/are good cars, but couldn't afford to when they were younger. "I'm having a mid-life crisis, and need a sports car. I can afford it now that the kids have left home".
The every day car that people used to drive 30+ years ago, and remember with rose-tinted hindsight. " I had a doggy one of those as my first car, now I want a minter as a toy".
The latter type explains why cars that were pretty average when new are now considered classics - Beetle, Mini, Escort mk1, Morris 1000, etc. It helps if 99% of them have rotted away in the meantime.
The people to ask about future classics are teenagers. The cars that they drool over or drive now will be classics in 20 years.
The limited production sports car that people wanted to own because they were/are good cars, but couldn't afford to when they were younger. "I'm having a mid-life crisis, and need a sports car. I can afford it now that the kids have left home".
The every day car that people used to drive 30+ years ago, and remember with rose-tinted hindsight. " I had a doggy one of those as my first car, now I want a minter as a toy".
The latter type explains why cars that were pretty average when new are now considered classics - Beetle, Mini, Escort mk1, Morris 1000, etc. It helps if 99% of them have rotted away in the meantime.
The people to ask about future classics are teenagers. The cars that they drool over or drive now will be classics in 20 years.
mike9009 said:
tomsugden said:
MX5, Shirley?
Too many produced....Clean, straight, unmolested Mk1s are a rarity these days. Many are either in shed-dom or have been butchered by the ricers / 'stance' idiots.
mike9009 said:
This is a question about which cars will out strip others in terms of value over a set time period. This argument can only ever be answered in 20 years time, so at this moment in time it is futile arguing over.
I thought the question was what would become classic, not how much that classic would be worth. Cotty said:
mike9009 said:
This is a question about which cars will out strip others in terms of value over a set time period. This argument can only ever be answered in 20 years time, so at this moment in time it is futile arguing over.
I thought the question was what would become classic, not how much that classic would be worth. 
http://www.pistonheads.com/gassing/topic.asp?h=0&a...
But saying that, I don't know if will become a classic (the gti and rallye maybe, but I reckon the saxo vts could be, the whole max power thing was big in the late 90's, and the saxo had quite a bit of a following, think of stuff like capris and old escorts now). But I intend to keep it if it becomes a classic or not.
But saying that, I don't know if will become a classic (the gti and rallye maybe, but I reckon the saxo vts could be, the whole max power thing was big in the late 90's, and the saxo had quite a bit of a following, think of stuff like capris and old escorts now). But I intend to keep it if it becomes a classic or not.
Think the key things to a classic in the making
Fun to drive
Motorsport history
Halo Model that sells cooking models when new sells classics
Limited edition
Well known
Also, being a classic isn't a guarantee of value, and being cheap doesn't mean it isn't a classic, there are cars for all pockets, MGB's are still fairly cheap due to the number of them still about, definitely a classic, they just aren't worth a fortune, Mini's are similar, five grand seems a lot of money for an old Mini but in the scheme of things it isnt much cash, if it holds its money you havent spent the money, just moved it. Moggies are still cheap but a definite classic.
Some stuff gets hyped up, Ecorts, Integrales, E30's etc I think are a bit over valued, a lot of car companies pay not much for one and then do a bit to it and it is up at thity grand so people think that is what they are worth, don't want to miss out so the market all follows suit, ok if you get a rich person after the best example they may change hands for that but really I think there is so much Bulls
t in classic land.
Fun to drive
Motorsport history
Halo Model that sells cooking models when new sells classics
Limited edition
Well known
Also, being a classic isn't a guarantee of value, and being cheap doesn't mean it isn't a classic, there are cars for all pockets, MGB's are still fairly cheap due to the number of them still about, definitely a classic, they just aren't worth a fortune, Mini's are similar, five grand seems a lot of money for an old Mini but in the scheme of things it isnt much cash, if it holds its money you havent spent the money, just moved it. Moggies are still cheap but a definite classic.
Some stuff gets hyped up, Ecorts, Integrales, E30's etc I think are a bit over valued, a lot of car companies pay not much for one and then do a bit to it and it is up at thity grand so people think that is what they are worth, don't want to miss out so the market all follows suit, ok if you get a rich person after the best example they may change hands for that but really I think there is so much Bulls
t in classic land.mike9009 said:
Cotty said:
mike9009 said:
This is a question about which cars will out strip others in terms of value over a set time period. This argument can only ever be answered in 20 years time, so at this moment in time it is futile arguing over.
I thought the question was what would become classic, not how much that classic would be worth. 
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