RE: Pinch-me Honda Integra Type R for sale
Discussion
havoc said:
I was talking to a couple of mates the other day about all these lower-end cars going up in value, and we came to the conclusion that unless you had the mintiest, lowest-mileage car going, you wouldn't make a big return*:-
- Assume your car goes from £5k to £15k in 10 years. You've got £10k potential profit in that.
- ...but, unless you can SORN and barn-store it, you'll have 10 years of VED, of insurance, services and arguably at least one rust repair.
- ...so you're down to a couple of hundred quid a year profit at best, maybe pennies. Potentially not bad, but hardly big money over 10 years.
- ...so the only people that DO profit are those who ARE investors, who have the space to store it, who do almost nothing to/with the car and then flog it on to someone like-minded.**
Otherwise you may as well take advantage of what, IF you sell the car, becomes free motoring. It's not an investment and it's still got the cash outflow of an old car (i.e. no cheaper if done properly than a modern PCP), but you end up with a lot of cash at the end.
Very well put. My next car purchase had a nod towards depreciation, or should I say mitigation, but not because I want to make a profit, but just so I can actually get back most of my money and essentially enjoy the car for less money overall.- Assume your car goes from £5k to £15k in 10 years. You've got £10k potential profit in that.
- ...but, unless you can SORN and barn-store it, you'll have 10 years of VED, of insurance, services and arguably at least one rust repair.
- ...so you're down to a couple of hundred quid a year profit at best, maybe pennies. Potentially not bad, but hardly big money over 10 years.
- ...so the only people that DO profit are those who ARE investors, who have the space to store it, who do almost nothing to/with the car and then flog it on to someone like-minded.**
Otherwise you may as well take advantage of what, IF you sell the car, becomes free motoring. It's not an investment and it's still got the cash outflow of an old car (i.e. no cheaper if done properly than a modern PCP), but you end up with a lot of cash at the end.
And really is anyone going to buy a collector's car at a huge premium, just to subject it once more to a normal life? Probably not is my guess, it'll just get bought by another investor and possibly end up in a museum. I much prefer to see cars being enjoyed. The whole investor thing is annoying for anyone who just wants to buy a car to enjoy as it's really put the prices up.
Sometimes I look back at the cars I've had and think "damn why did I sell that when I did?" But posts like yours remind me said cars would have been tired heaps by now and wouldn't have made me that much profit overall, so I'm just glad I enjoyed them.
A_DHE said:
I see the car from the advert has now been sold, anyone on here buy it? and if so all good with the car?
Looking on the Integra Forum, I know someone on here seems to have bought one very recently but I strongly doubt it's this one judging by his comments on here regarding the one advertised. 
You know who you are so please indulge us with your latest purchase when you're ready. Just bear in mind that some here are not easily impressed so be prepared and I say that in good jest!
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