What car to make money on. One year, max £50k

[The Pits]

The cost of getting it wrong can be dramatic and those who got burnt on Ferraris last time would have had to wait over 20 years to get their money back! Top money back in the last boom was £750k for an F40. There are currently 20 F40's for sale asking between £750k-£1.1m in the PH classifieds alone!

Currently owning two classics that appear to have entirely missed out on this boom and sold one that went stratospheric (a DB6, worth sub £30k forever until 5 years ago). The basic rule of thumb of do the opposite of what I do applies!

But seriously,
leggy urQuattros are asking nearly £30k.
Delta Evo 2's start at £35k.
Escort Cosworth £35k.
Mitsubishi Evo VI Tommi Makinen Edition £12k.

Anyone spot the odd one out?

Red ones have finally started to move, they only made 212 of those and best are asking £20k now but still. The seller can pretty much invent a big number for the very best examples of the others.

[NRS]

daveofedinburgh said:

+1 for Ferrari 360 manual.

Same logic as Harris around 458 manuals (IIRC)- a modern Ferrari with a proper manual is unlikely to be anything less than a sound investment.

You say that, but the guy with the F430 price watch that has been running for a long time sees that manuals are not more expensive than paddle shift versions. Maybe it will change, but it seems one of those cases where all those who talk the talk don't have the money and so it's just not true about the extra value of a manual. It's just pub talk currently.

[MesserXJR]

Well I found this subject rather interesting as the car I purchased 10 years ago is mentioned quite a alot ..... I like to put it down as a well informed savy investment but it was pure luck lol

After paying just over 30k for my 993 c4s I hoped not to lose horrific amounts but now it's frightening to see the value of these things if I had to purchase now

Think it is more luck than judgement and with such a wide market now I'd be hard pressed to know where would be best to put my cash ..... I think a 996 turbo would probably be my poison of choice now 😊

[Gorbyrev]

Harry Flashman said:

Frankly, if I were really willing to spend £65k on a 360, I'd go the whole hog and buy a 430 for 75k. Probably not as much price upside, but a much more modern car for not much more.

Especially that German imported manual - rarer than rocking horse poop! Nuts, that's gone. Keep your eyes open. Surely the issue of the manual values is that at some point in the future they are going to outstrip the semi-autos. Look at what is happening with 612s.

Edited by Gorbyrev on Wednesday 12th August 10:43

[Smitters]

Probs been said, but a mint S1 Exige should appreciate. If you buy now and sell early 2016, or can hold until early 2017, there's some £££ there I should think. However, timing with certain cars will be an issue, less so with others.

[Mr Whippy]

Gorbyrev said:

Harry Flashman said:

Frankly, if I were really willing to spend £65k on a 360, I'd go the whole hog and buy a 430 for 75k. Probably not as much price upside, but a much more modern car for not much more.

Especially that German imported manual - rarer than rocking horse poop! Nuts, that's gone. Keep your eyes open. Surely the issue of the manual values is that at some point in the future they are going to outstrip the semi-autos. Look at what is happening with 612s.

Newer cars are better value by far I'd say, since new car prices haven't risen as much as used car values, you get 'more' for your money for sure!

I'd be very tempted to get a nearly new car on super cheap credit rather than using my savings to buy an old used car.


When people realise their money has been devalued, and we finally (if ever) get salary rises, then the old cars will be left behind in value for years to correct for their gains today, while new cars will get expensive, and drag newer car residuals upwards with them a bit.


I'd say 1-3yrs nearly new on crazy low price finance is the best buy right now if you're spending money on cars and want to retain the best bang/buck/year potential.

Dave

[Dixie]

I think a 360 manual Spider or Coupe would be the best bet. A popular mid engined Ferrari. It's a special car still so the potential ceiling for it's price is way higher than an old ford or BMW. Can you even buy a new Ferrari with a manual gearbox?

So long as it's able to happily sit in a nice dry garage with minimal use i cant see any money being lost.

996s i'd like to see jump up (especially lowish mileage carrera 4 coupes) The Turbos surly can only go up.

[Mr Whippy]

Dixie said:

I think a 360 manual Spider or Coupe would be the best bet. A popular mid engined Ferrari. It's a special car still so the potential ceiling for it's price is way higher than an old ford or BMW. Can you even buy a new Ferrari with a manual gearbox?

So long as it's able to happily sit in a nice dry garage with minimal use i cant see any money being lost.

996s i'd like to see jump up (especially lowish mileage carrera 4 coupes) The Turbos surly can only go up.

They can all go up in cost, or price, but in value?

This is the problem, they need to be judged in what they are worth, not what they cost.

A strong future market value has to be driven by demand, and that is probably only high now due to cheap credit and the assumption they'll hold their value.

Just go look at what car prices did in 2007.5 > 2009.5 20% average yearly depreciation turned into more like 35% yearly depreciation for plenty of cars!

[urquattroGus]

996 Turbo. What a minger.

[k-ink]

Chris Evans is selling his classic car collection...

http://www.bbc.co.uk/news/entertainment-arts-33886...

[Cheib]

As someone mentioned a few pages back E9 CSL...limited numbers, genuine motorsport heritage and prices have hardly moved in years. The E46 is a modern imitation which has no Motorsport heritage at all just makes no sense on a relative basis ...and I Say that as someone who owned and loved a (standard) E46 M3.

One modern BMW that hasn't been mentioned is the Z1...they have been the same price for ten years.

[swisstoni]

The only way to win in this game is to buy a car you really love and hope for the best. The worst that can happen is that you owned a car you really loved.
Otherwise you are just a speculator and deserve all you get (or don't get).

[Wills2]

k-ink said:

Chris Evans is selling his classic car collection...

http://www.bbc.co.uk/news/entertainment-arts-33886...

Well there you go, it will be interesting to see what they fetch.

[iloveboost]

CabbageMS said:

R32 GTR
Evo VI (preferably TMak)

Personally I think you can get some good deals if you're willing to do some rebuilding yourself. For example turbo failed R32s.

Then put remainder into something else, diversity is normally a good idea for protecting investment.

Edited by CabbageMS on Tuesday 11th August 16:58

Yes and the US market will start over-paying for nineties JDM only cars they can import over 25 years old. A mint R32 GTS-T/GT-R cost about £4-8K over the last couple of years (don't know about now, but I bet no one is selling any!) as they're going to appreciate over the next decade. Maybe the Evo 4-6 and later the R33/R34 Skylines and other models. If I was in the trade I'd be watching auction price trends in the Aus/NZ/Jap/US/UK to figure out what's going on, and hoarding Skyline GT-Rs.

Problem is this doesn't help the OP with £50K for a year. He'd be better off buying two 996 Turbos and seeing what happens.

[iloveboost]

The Pits said:

The cost of getting it wrong can be dramatic and those who got burnt on Ferraris last time would have had to wait over 20 years to get their money back! Top money back in the last boom was £750k for an F40. There are currently 20 F40's for sale asking between £750k-£1.1m in the PH classifieds alone!

Currently owning two classics that appear to have entirely missed out on this boom and sold one that went stratospheric (a DB6, worth sub £30k forever until 5 years ago). The basic rule of thumb of do the opposite of what I do applies!

But seriously,
leggy urQuattros are asking nearly £30k.
Delta Evo 2's start at £35k.
Escort Cosworth £35k.
Mitsubishi Evo VI Tommi Makinen Edition £12k.

Anyone spot the odd one out?

Red ones have finally started to move, they only made 212 of those and best are asking £20k now but still. The seller can pretty much invent a big number for the very best examples of the others.

It's not massively under-priced as you're implying. I think it's only got stickers, plaque, white wheels, quicker steering rack and a titanium turbo wheel over the 6, so it's only worth a little more than a 6. You can't judge it's 'rarity' on the production numbers for the TME, but in the context of it being a stickered up Evo 6. It's more M3 CS, and less M3 CSL.

Edited by iloveboost on Thursday 13th August 10:51

[pSyCoSiS]

Muzzer79 said:

pSyCoSiS said:

If only one car, then I would say:

E30 M3 (you can still pick up a half decent one for under £50k, and the values of these will only ever be going one way... UP!)

This is what doesn't sit well with me.

Lovely as they are, £50k is an awful lot of money for 30 year old BMW 3 series and how much further up will they go?

I see what you mean, however, they do drive well and have a cult following. £50k would be a cheap one! The best later models are near the six figure bracket already!

http://www.pistonheads.com/classifieds/used-cars/b...

How much they will increase further remains to be seen...