"Modern Classics" and Sky High Asking Prices

"Modern Classics" and Sky High Asking Prices

Author
Discussion

DJRC

23,563 posts

236 months

Saturday 3rd October 2015
quotequote all
Are you lot taking the piss?

You are actually annoyed that fairly st cars are now too expensive for you to buy?

There is nothing interesting about a Golf Gti. Mk1 or mk-whatever it is now.
A Clio v6?
And whinging about an E36 cab??? Wt actual fk?

Here is a hint people - just buy something better, cheaper.

northwest monkey

6,370 posts

189 months

Saturday 3rd October 2015
quotequote all
LankyLegoHead said:
It's more people selling dull stuff with a massive premium because its a "Modern Classic" or a "Future Classic".
Has this not always been the way though?

We are talking in 2015 about cars from the 80s being "modern" classics. If we were talking in 1985 about "Modern" classics, we'd be talking about everyday stuff from the 1950s...

Our parents probably had the same conversation.

To put it in perspective, if the movie "Back to the Future" was made today, Marty would have gone back to 1985 and have been doing Hip Hop on the stage and driving an XR3i.

DaveCWK

1,985 posts

174 months

Saturday 3rd October 2015
quotequote all
This is annoying. There were many interesting 90s cars I was looking at a few years ago for around £2k, so could be realistically held as a fleet, fixed up in my spare time. Now they are all £4k+ & the nicer examples more than that.

Vixpy1

42,622 posts

264 months

Saturday 3rd October 2015
quotequote all
All the stuff I like has skyrocketed in the last fews years, I'm mainly got around it buy either buying off friends in the trade or just by being in the right place at the right time, or by buying cars that need work. Some of the asking prices as just silly. But thats supply and demand for you.

Grey Ghost

4,583 posts

220 months

Saturday 3rd October 2015
quotequote all
Ozzie Osmond said:
Porsche has a bigger proportion of manual gearbox availability in its range than almost any other manufacturer....
Apologies, was referring to the Turbo and GT3 options as these now only come with PDK gearboxes to allow them to meet emission targets. The manual gearbox option in a Porsche 911 is now a 7 speed and I would expect to be changing gears too often to make the car an enjoyable drive.

As technology moves on to meet politically driven targets for emissions, MPG etc. there will be more people looking to go back to a proper manual gearbox in a "modern classic", something I already enjoy in my Chimaera biggrin

MG CHRIS

9,081 posts

167 months

Saturday 3rd October 2015
quotequote all
DJRC said:
Are you lot taking the piss?

You are actually annoyed that fairly st cars are now too expensive for you to buy?

There is nothing interesting about a Golf Gti. Mk1 or mk-whatever it is now.
A Clio v6?
And whinging about an E36 cab??? Wt actual fk?

Here is a hint people - just buy something better, cheaper.
Like what. 80s/90s cars are going up in price across the board mainly due to the fact modern cars being so dull and full of complex crap. This era of cars have got the reliability sorted but are still basic cars which or fun to drive and cheap to run and maintain.
A clio v6 is a special car after being in one last of the bonkers modernish cars.

Lester H

2,715 posts

105 months

Sunday 4th October 2015
quotequote all
I don't think previous gene rations eg in the 70 s had the same hyped view of popular classics. That was because everyday, hence affordable, cars were to use the technical term, buggered at 10 years. A few marques were exceptional but these were seriously "cut above" such as Alvis, LeaFrancis,Daimler and above all Armstrong Siddeley, but they were rare even when new

Edited by Lester H on Sunday 4th October 21:51

tooldtocruise

260 posts

174 months

Sunday 4th October 2015
quotequote all
ive been looking into this lately as i intend to start a car sales business in the next twelve months and don't want to get tied up in the fiat 500 new, and corsa trap that would bore me to death

spent a lot of time at auctions buying stuff just for fun all under a grand ive had

MR2 rev3 turbo
mk1 mx5
old mercs
1.9 pug 205 gti
26000 mile VTS
£600 BMW E30 COUPE

i think id enjoy the hunting but dont know if id find enough stock to make a living .. might do half and half

craziest cars ive noticed in the last 2 years is the BMW E30 prices

NRS

22,131 posts

201 months

Sunday 4th October 2015
quotequote all
C7 JFW said:
I'm absolutely ecstatic that my hobby has become a legitimate way to make money long-term.
What do you mean long term? A few years should be fine, but once banks start increasing interest rates it's going to pop the car bubble.

Lester H

2,715 posts

105 months

Sunday 4th October 2015
quotequote all
half and half is an attractive busIness model, whereby you can Turn around Corsas Peugeot 206s Micras and Yarises to mew £1395 punters and first-timers, while you play about with MX5s and MR2s and the odd Merc C class . E class at affordable money, far too rusty and remember MX 5 Mk 1 s like to rot in sills, rear arches and rear suspension mounts, just like MG B which inspired them!

pits

6,429 posts

190 months

Sunday 4th October 2015
quotequote all
PTF said:
I have an S-reg 306 GTI-6 with 80k miles on it.

Shall we start the bidding at £5k?? tongue out
Mate of mine just bought one of those, about 100k miles on it, £125.
One of two things is going to happen to it, and be sold for a profit is not one of them.

tooldtocruise

260 posts

174 months

Sunday 4th October 2015
quotequote all
pits said:
Mate of mine just bought one of those, about 100k miles on it, £125.
One of two things is going to happen to it, and be sold for a profit is not one of them.
Ok i will give him a £100 for it smile


still bargains to be had and allways will be i think

tooldtocruise

260 posts

174 months

Sunday 4th October 2015
quotequote all
Still on this subject last year i sold a high mileage tidy z3 2.8 on ebay to a guy from France for £1800

he said he will take it to France and double his money, got me thinking i wonder what retro/ modern classics there is to bring back, France, Spain, Italy ect... yeah i know LHD but still

DJRC

23,563 posts

236 months

Sunday 4th October 2015
quotequote all
MG CHRIS said:
DJRC said:
Are you lot taking the piss?

You are actually annoyed that fairly st cars are now too expensive for you to buy?

There is nothing interesting about a Golf Gti. Mk1 or mk-whatever it is now.
A Clio v6?
And whinging about an E36 cab??? Wt actual fk?

Here is a hint people - just buy something better, cheaper.
Like what. 80s/90s cars are going up in price across the board mainly due to the fact modern cars being so dull and full of complex crap. This era of cars have got the reliability sorted but are still basic cars which or fun to drive and cheap to run and maintain.
A clio v6 is a special car after being in one last of the bonkers modernish cars.
An R5 Gt Turbo is a bonkers middie hot hatch. A Clio v6 is just a pastiche in a dull body.

ikarl

3,730 posts

199 months

Monday 5th October 2015
quotequote all
tooldtocruise said:
Still on this subject last year i sold a high mileage tidy z3 2.8 on ebay to a guy from France for £1800

he said he will take it to France and double his money, got me thinking i wonder what retro/ modern classics there is to bring back, France, Spain, Italy ect... yeah i know LHD but still
Oh, there's loads! I was ion Portugal earlier this year and I was wondering after I'd seen numerous 'clean' Renault 5's, early Ford Escorts/Fiesta's and loads of E30's.... I wondered how easy it would be to bring back over here and convert - using a UK donor - into RHD

battered

4,088 posts

147 months

Monday 5th October 2015
quotequote all
MG CHRIS said:
Like what. 80s/90s cars are going up in price across the board mainly due to the fact modern cars being so dull and full of complex crap.
They said this in the 80s about Moggy Minors.
Everything comes of age. This year's shed is next year's classic. At my last work there was a 1995 Calibra, looked great. About time that became sought after. The thing is that unless they do go up in value, they die because the first bill that comes along kills them. That's why sheds become classics, because someone has put the money in. Nobody is doing an engine and turbo rebuild on (say) a Saab 9-5 when there's one for sale around the corner, all good, for £500. This was the case 25 years ago with Heralds and the like, I remember talking to a former GF's dad who was into cars and had a TR3a and an Austin A30, at that time you could get a Herald, unloved model, top price £700. Even the 13/60 was only about twice that. Well that pays for a lot of repairs. Or not.

What I find odd is that some models take off and others don't. A good Spitfire 25 years ago was ~£2k, if most things have doubled in price then it's now ~£4k. Guess what? That's your cracker. Meanwhile Porsches are through the roof while Elans are unloved. I had a 2CV 10 years ago when I lived in France, got it for literally bicycle money. They are now £2k up, both sides of the channel, and better things are out there for that, like a Mk2 MX5. Mind you, that's partly rarity for the 2CV because you can no longer buy another banger, run it until it's done, rob it of useful bits and scrap the rest, then lather, rinse, repeat.

There are loads of interesting cars out there for loose change. A mate just got a Prelude, £450. I checked it over for him before purchase, a great car. Another mate (hello Martin!) has an Alpina 2.8 manual, 2002 ish, it's epic. I think he paid around £3k-4k. Just use your imagination. Stay off the bandwagon cars. 80's 911s out of reach? Then buy a wedge TVR, or a Supra, or a turbo MX5, or a Honda S2000, or a Boxster (breathes). See?

Bennet

2,119 posts

131 months

Monday 5th October 2015
quotequote all
Ozzie Osmond said:
billzeebub said:
new cars are getting increasingly dull and cynical in design & conception.
Like the Alfa 4C you mean? scratchchin

As ever, if you want to find an interesting modern car you just have to open your eyes and look.
You're right. But you've also demonstrated part of what drives up the prices - Alfa 4Cs are damned expensive.

I feel like in order to replace my (mint, low mileage) mk1 MR2 with something modern I'd enjoy as much, I'd have to spend a lot of money. Thus on the odd occasion people ask what I'd sell it for, the answer is not a low number.

Conversely, those in the market for an 80s whatever must recognise that there's a reason they want one - it's a more desireable car than an 8 or 9 year old focus. But for some reason they still think it should be priced like one.

Edited by Bennet on Monday 5th October 10:24

Baz Tench

5,648 posts

190 months

Monday 5th October 2015
quotequote all
Another factor could be the new pension rules.

People can spend them how they want, so they book a cruise and go looking for an air cooled 911.

Then they get a part-time job in Homebase to cover the bills.

tooldtocruise

260 posts

174 months

Sunday 18th October 2015
quotequote all
I'm in mucia Spain now been looking around for cheap retro stuff its not cheap for clean stuff

Ozzie Osmond

21,189 posts

246 months

Sunday 18th October 2015
quotequote all
tooldtocruise said:
I'm in mucia Spain now been looking around for cheap retro stuff its not cheap for clean stuff
My understanding is that used cars down there are typically quite a bit more expensive than in UK. Hence so many expats take a British car.