10k to put into something that will go up in value.

[HayesDC2]

Import a Yellow EK9 / DC2, if you find one with yellow seats you're laughing (the seats alone are 3k +).

[Byker28i]

TVR's are going up in value, but should you put money into cars as investments?

[g7jhp]

Welshbeef said:

mike74 said:

It's a bubble.

Santander 3%.

Wait for the pop.

That's what people were saying about house prices in 2000.

And it popped in 2008. You've got to buy at the right time.

Running costs will eat into any upside, so unless you really want one and are prepared for the ongoing costs don't buy a £10k car.

[mike74]

Welshbeef said:

That's what people were saying about house prices in 2000.

Exactly. And the housing market would have gone pop in 2008 if it wasn't for massive government and central bank intervention.

[Welshbeef]

mike74 said:

Welshbeef said:

That's what people were saying about house prices in 2000.

Exactly. And the housing market would have gone pop in 2008 if it wasn't for massive government and central bank intervention.

It's and buts fact is it didn't - the ERM caused the last big house price crash and coincided with the classic car crash of the 1990's

[nct001]

mike74 said:

Welshbeef said:

That's what people were saying about house prices in 2000.

Exactly. And the housing market would have gone pop in 2008 if it wasn't for massive government and central bank intervention.

Surely entire banking network could have collapsed... Housing market was tip of iceberg.

[scherzkeks]

Billy_Whizzzz said:

E30 325i

[E36Ross]

^ The E30 325i Sport will rise.

OP the answer if you can find one is a Sapphire Cosworth, Will struggle to get one for £10k but they do exist!


An original, 4 owner 24k Mile 2wd just sold for £27k + Fee at auction.

[Welshbeef]

Saab 900 Turbo convertible.

[Valgar]

Evolution 6 TME
Impress RB5, WR1, P1 the P1 especially, if you can find one in budget
R32/R33 GTR
996 911
RX7
C5 Corvette, although getting hard to find one at 10k,seen one or two at 11k recently.

[lord trumpton]

Porsche 968 coupe - manual

These are already on the up though.

I bought a 968 Sport ( a clubsport with a comfort recaro interior) for a song last December - It's worth 10k more than I paid for it already. To be fair the owner had owned it for 12 years and wasn't really in touch with pricing rise so I guess I dropped lucky

A good Coupe can be bought for 10ish if you look regularly. Easy to work on and not many weak points really.

[LayZ]

I think you'd have to be really lucky at this level to actually beat the markets or bank for a pure investment. Anything you buy will take upkeep of at least £1-2k a year, which will wipe out any appreciation. If you want a classic that won't lose you any money otoh, that is perfectly feasible.

I'd go along with Mk1 Focus RS.

[so called]

Chimaera

[Vocal Minority]

Welshbeef said:

That's what people were saying about house prices in 2000.

Did you sleep through 2008?

• I know what you mean as the general movement of property is up. But all markets are subject to corrections. However, property is one of the big three investment classes. They have corrections but will always recover.

Alternative investments like cars work in bubbles. The finance will run out, purchasers will disappear, prices will fall. The money will decide non prestige classics - like a VX220 or Clio trophy - were a fad, and will move on to the next alternative investment.

Edited by Vocal Minority on Friday 27th May 09:33

[gibbon]

Unless you get very lucky, (unlikely at these levels), on a 10k car you wont make the return to keep it serviced, insured, fixed etc.

If you want to make money invest in something else, if you want to drive the car your buying, by all means go for it.

[Herbs]

Classic Impreza (Colin Mcrae style) I reckon will increase but is never going to make you rich.

Lotus Esprit will also take a big jump at some point.

Z4M is on it's way as are S1 Elises/Exiges

[CharlieB]

Is this price level the motoring equivalent of penny shares? With the dealers/investors helping to pump and dump their once worthless stock into something apparently desirable because 'investment'.

Owners/Longs of now 'investment grade 90's hatchback' help perpetuate the myth that prices will increase regardless, broad assertions of no downside risk, linking 10k cars in some tenuous way to long term house price growth. They believe the hype, they are the hype, the key with any pump and dump scheme is getting others to as well.

You now hold stock bought at a premium, the dealers have all but fled the market and made their profit. At some stage you need to find a buyer to cash in your chips, problem lies in finding anyone willing to pay top money from a private individual for a 5 owner 115k mile 'sure bet'.

That is when the music stops and you get to open the parcel to find it was all built on greed and cheap debt and the market is saturated with sellers, with only the dealers willing to get you out of the trade.

All markets go up and crucially down. It is incredible to think rational folk seem to argue in the face of historical evidence that markets are one way traffic. They certainly are one way when there is a consensus, too many buyers, easy money they say.

At roughly the point where there is full buy in and speculators hold a significant portion of the open interest is quite often noted as the peak of the bubble.

Are we there yet?

Edited because I forgot to answer the question!

Buy this

http://www.carandclassic.co.uk/car/C729652

Edited by CharlieB on Friday 27th May 10:51

[Jader1973]

Merc C123 or C124?

[hornetrider]

All good points and ideas. Think the best answer to this might be an old Rolex...

[scarecrow1966]

Answer at the moment would seem to be a XJS. Classic British looks with a V12 and easily less than £10,000.

http://www.autotrader.co.uk/classified/advert/2015...