Best Investment?
Discussion
Which of the following do you think represents the best potential for value increase in the next 2 years?
1) Ferrari 355 - Say 35k on the clock, current value £45-50k
2) E46 CSL - Say 40k on the clock, current value £35k
3) E9 CSL - mid range car, current value £40k
4) Porsche 911 Turbo (930) - mid mileage car, current value £40k
5) Mercedes SL (W107) - say 70k on the clock, current value £15k ish
I suspect any dealer selling any of these will extoll the virtues of them as a "cast iron investment, appreciating assets" and all that, but what do we REALLY think will happen??
.... bearing in mind, none of these cars are super low mileage one owner from new museum pieces....
1) Ferrari 355 - Say 35k on the clock, current value £45-50k
2) E46 CSL - Say 40k on the clock, current value £35k
3) E9 CSL - mid range car, current value £40k
4) Porsche 911 Turbo (930) - mid mileage car, current value £40k
5) Mercedes SL (W107) - say 70k on the clock, current value £15k ish
I suspect any dealer selling any of these will extoll the virtues of them as a "cast iron investment, appreciating assets" and all that, but what do we REALLY think will happen??
.... bearing in mind, none of these cars are super low mileage one owner from new museum pieces....
I'm hoping that the bubble is going to burst in the next couple of years, as (what should be) sensible classics on my list of cars I'd like to own are getting beyond my means.
I know there's talk of money from china, etc coming into classic cars but prices look a bit peaky to me.
If you buy the car you prefer out of that list, use it and enjoy it, you'll probably end up owning it for more than 2 years and forgetting what it cost.
In theory, both my cars have gone up over the last few years but I wouldn't part with either of them unless I had to.
I know there's talk of money from china, etc coming into classic cars but prices look a bit peaky to me.
If you buy the car you prefer out of that list, use it and enjoy it, you'll probably end up owning it for more than 2 years and forgetting what it cost.
In theory, both my cars have gone up over the last few years but I wouldn't part with either of them unless I had to.
Well, of that list the E9 CSL is the only one to have seriously appreciated from where values were, say 10-15 years ago.
But, the question is can they go further than where they are now....?
It would likely still be the one from that list I'd pick though, although a nice early 930 Turbo would be hard to ignore, and will doubtless also be only going one way in terms of value (until the current bubble bursts again - which it will at some point)
But, the question is can they go further than where they are now....?
It would likely still be the one from that list I'd pick though, although a nice early 930 Turbo would be hard to ignore, and will doubtless also be only going one way in terms of value (until the current bubble bursts again - which it will at some point)
I'm not so sure the bubble is going to burst in the same way it did before, in the same way I don't think we will experience a global recession as hard as the one we have just been through....
I think cars will be harder to sell and the market may drop for cars in less desirable mileages but I don't see a massive value adjustment. Global governments are much more savvy at building sustainable recoveries and now we have seen a re-adjustment to expectations out of China/India I think there is reason to be optimistic of sustained global economic growth for the next 4-5 years.
I was interested to see folks opinions on the relative desirability of the list.
I did a straw poll on a few friends with the E9 and all of them were "meh" which really surprised me.
The 911 seems to split opinion.....
I don't figure on buying anything just to be locked up and unused - hoping for x% increase in value, I just like to hear counter opinions to those at dealers/magazines which all get excited about £100k 911 Turbos or the 2 355s currently for sale at nearly the same.
I think cars will be harder to sell and the market may drop for cars in less desirable mileages but I don't see a massive value adjustment. Global governments are much more savvy at building sustainable recoveries and now we have seen a re-adjustment to expectations out of China/India I think there is reason to be optimistic of sustained global economic growth for the next 4-5 years.
I was interested to see folks opinions on the relative desirability of the list.
I did a straw poll on a few friends with the E9 and all of them were "meh" which really surprised me.
The 911 seems to split opinion.....
I don't figure on buying anything just to be locked up and unused - hoping for x% increase in value, I just like to hear counter opinions to those at dealers/magazines which all get excited about £100k 911 Turbos or the 2 355s currently for sale at nearly the same.
DarkHorseTerence said:
I'm not so sure the bubble is going to burst in the same way it did before, in the same way I don't think we will experience a global recession as hard as the one we have just been through....
IIRC the last time the classic car bubble burst, in the early '90s, it was unconnected with the broader financial picture. The bubble just burst of its own accord.There will come a point where people suddenly think "f
k it, these cars aren't worth these ridiculous prices", and then the ripples of realisation will quickly start to spread, and non-enthusiasts or those only in it for the money will start to panic sell as prices tumble back to normality. It doesn't need a global financial market event to trigger this. It's just a simple fact that a lot of cars are now massively over-inflated from their true worth. Lots of people are still paying these prices because they are greedy and expect them to keep on growing, not because the cars are worth it. It isn't sustainable forever, no matter what the other markets do.
k it, these cars aren't worth these ridiculous prices", and then the ripples of realisation will quickly start to spread, and non-enthusiasts or those only in it for the money will start to panic sell as prices tumble back to normality. It doesn't need a global financial market event to trigger this. It's just a simple fact that a lot of cars are now massively over-inflated from their true worth. Lots of people are still paying these prices because they are greedy and expect them to keep on growing, not because the cars are worth it. It isn't sustainable forever, no matter what the other markets do.thegreenhell said:
There will come a point where people suddenly think "fk it, these cars aren't worth these ridiculous prices", and then the ripples of realisation will quickly start to spread, and non-enthusiasts or those only in it for the money will start to panic sell as prices tumble back to normality. It doesn't need a global financial market event to trigger this. It's just a simple fact that a lot of cars are now massively over-inflated from their true worth. Lots of people are still paying these prices because they are greedy and expect them to keep on growing, not because the cars are worth it. It isn't sustainable forever, no matter what the other markets do.
Do hope you're right, because Deltas have been skyrocketing out of my grasp recently k it, these cars aren't worth these ridiculous prices", and then the ripples of realisation will quickly start to spread, and non-enthusiasts or those only in it for the money will start to panic sell as prices tumble back to normality. It doesn't need a global financial market event to trigger this. It's just a simple fact that a lot of cars are now massively over-inflated from their true worth. Lots of people are still paying these prices because they are greedy and expect them to keep on growing, not because the cars are worth it. It isn't sustainable forever, no matter what the other markets do.
...tbc said:
SV8Predator said:
Ford Puma.
Was saying the other day that the Racing Puma are climbing.The Millennium Puma are next they have hit a grand. Don;t think you would ever lose on them.
"Sleepers" in the true sense of the term (i.e. not in the Q-Car sense).
menoy said:
thegreenhell said:
There will come a point where people suddenly think "fk it, these cars aren't worth these ridiculous prices", and then the ripples of realisation will quickly start to spread, and non-enthusiasts or those only in it for the money will start to panic sell as prices tumble back to normality. It doesn't need a global financial market event to trigger this. It's just a simple fact that a lot of cars are now massively over-inflated from their true worth. Lots of people are still paying these prices because they are greedy and expect them to keep on growing, not because the cars are worth it. It isn't sustainable forever, no matter what the other markets do.
Do hope you're right, because Deltas have been skyrocketing out of my grasp recently k it, these cars aren't worth these ridiculous prices", and then the ripples of realisation will quickly start to spread, and non-enthusiasts or those only in it for the money will start to panic sell as prices tumble back to normality. It doesn't need a global financial market event to trigger this. It's just a simple fact that a lot of cars are now massively over-inflated from their true worth. Lots of people are still paying these prices because they are greedy and expect them to keep on growing, not because the cars are worth it. It isn't sustainable forever, no matter what the other markets do. ...
DarkHorseTerence said:
Which of the following do you think represents the best potential for value increase in the next 2 years?
1) Ferrari 355 - Say 35k on the clock, current value £45-50k
2) E46 CSL - Say 40k on the clock, current value £35k
3) E9 CSL - mid range car, current value £40k
4) Porsche 911 Turbo (930) - mid mileage car, current value £40k
5) Mercedes SL (W107) - say 70k on the clock, current value £15k ish
I suspect any dealer selling any of these will extoll the virtues of them as a "cast iron investment, appreciating assets" and all that, but what do we REALLY think will happen??
.... bearing in mind, none of these cars are super low mileage one owner from new museum pieces....
911. Air cooled and fairly reliable.1) Ferrari 355 - Say 35k on the clock, current value £45-50k
2) E46 CSL - Say 40k on the clock, current value £35k
3) E9 CSL - mid range car, current value £40k
4) Porsche 911 Turbo (930) - mid mileage car, current value £40k
5) Mercedes SL (W107) - say 70k on the clock, current value £15k ish
I suspect any dealer selling any of these will extoll the virtues of them as a "cast iron investment, appreciating assets" and all that, but what do we REALLY think will happen??
.... bearing in mind, none of these cars are super low mileage one owner from new museum pieces....
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