Hot hatches as an investment? Give me your opinions!
Discussion
Tye Green said:
The Boring Answer...
There's no such thing as a good car investment, hot hatch, supercar, classic or van, they're all crap as an investment.
If you mean which is likely to 'loose the least' then that's just a guess as well. If it was any better than a guess it would, indeed, be an investment, and knowledgable folk would be withdrawing cash from their pensions and buying up all examples of that type of vehicle. That would increase the desire for said vehicle and push up the price which would reduce it's investment potential.
Not only do they nearly all loose value, they cost a lot to keep on the road.
Told you it was a boring answer
What about my Renault 5 GT Turbo that I bought for £1,250 - Cheapest currently available online is £17,000 (let's not talk about the fact I actually sold it for a grand)There's no such thing as a good car investment, hot hatch, supercar, classic or van, they're all crap as an investment.
If you mean which is likely to 'loose the least' then that's just a guess as well. If it was any better than a guess it would, indeed, be an investment, and knowledgable folk would be withdrawing cash from their pensions and buying up all examples of that type of vehicle. That would increase the desire for said vehicle and push up the price which would reduce it's investment potential.
Not only do they nearly all loose value, they cost a lot to keep on the road.
Told you it was a boring answer
Unfortunately I have many more exmaples of selling at the wrong time!
Kerniki said:
I honestly dont see insurance, tyres and servicing as part of the car ownership costs, i separate it as i do with all commodities in our lives, those are our enjoyment costs and if those costs dont dont add any enjoyment to the life of my wife and I, then the car / commodity is gone
I appreciate the cut of your jib and echo your heartfelt sentiments to the letter. Which is why despite living in deepest darkest Londonshire in a 13th floor flat, in what is easily the best connected postcode in the country for public transport and I suspect the country's most expensive for car insurance, working 100% from home and going regularly for weeks without driving, I'm strongly considering a fifth addition to the fleet.Just because this thread is current...and to illustrate why many probably won't make any money:
https://www.carandclassic.com/auctions/1987-volksw...
... fairly popular car.. £11k resto in 2021, no doubt if purchased around that point it would have been c£5k... sold for £8k. Does the resto include other costs such as tyres, insurance, maint? Probably not.
I would not be suprised if that car reappears on Car and Classic or another auction site, so many fail to actually sell I have noticed too.
https://www.carandclassic.com/auctions/1987-volksw...
... fairly popular car.. £11k resto in 2021, no doubt if purchased around that point it would have been c£5k... sold for £8k. Does the resto include other costs such as tyres, insurance, maint? Probably not.
I would not be suprised if that car reappears on Car and Classic or another auction site, so many fail to actually sell I have noticed too.
Terminator X said:
Interesting as most people rave about them. Never driven one although owned a 306 GTi6 (very nearly a Rallye) in the Noughties.
TX.
The Rallye isn't a totally amazing drive the steering (mine has PAS which I think might have been optional) its a bit numb on the steering and the rack is slow as a slow thing. Its a truly iconic car through and really its more about sticking an old 90s tape I the original tape deck and going for a drive down memory lane. It's also universally loved I've never owned a car that garners so much positive attention from people (well anyone over 40 at least!) TX.
The Clio 172 is still a great drive I've only driven that a short distance so far. I has a full fat back in 2003 when they were new and it still feels like a modern steer. I always remembered the steering being good in that car so it will be interesting to see how it performs on a longer drive.
The R26 I'm going to prep up to trackday standard it will be a great stand in for wet trackdays that thing will. That LSD is a thing of wonder I remember in one of my old ones steaming around Oulton park passing pretty well everything on a damp morning (then roles reversed quickly when it dried up) great fun though so will make sure its got decent brakes and some race fluid in there!
VeeReihenmotor6 said:
Just because this thread is current...and to illustrate why many probably won't make any money:
https://www.carandclassic.com/auctions/1987-volksw...
... fairly popular car.. £11k resto in 2021, no doubt if purchased around that point it would have been c£5k... sold for £8k. Does the resto include other costs such as tyres, insurance, maint? Probably not.
I would not be suprised if that car reappears on Car and Classic or another auction site, so many fail to actually sell I have noticed too.
VW golfs and VWs in general have never done that well in this department tbh, real die hard fans but its a very tight group and not really a wider appeal / dream car and with no race pedigree, which is why ford do so well, whoever put 11k into it probably knew they were doing it for love of it rather than any return, which i respect more tbh.https://www.carandclassic.com/auctions/1987-volksw...
... fairly popular car.. £11k resto in 2021, no doubt if purchased around that point it would have been c£5k... sold for £8k. Does the resto include other costs such as tyres, insurance, maint? Probably not.
I would not be suprised if that car reappears on Car and Classic or another auction site, so many fail to actually sell I have noticed too.
Peak cars in this area for spend as much as you like and get money back were (and still are to a degree) e30, intégrale, RS fords, T1s, Alpines, UR quatros and to a lesser degree my current 2.5 cosworth, all heavily race historic.
Kerniki said:
VW golfs and VWs in general have never done that well in this department tbh, real die hard fans but its a very tight group and not really a wider appeal / dream car and with no race pedigree, which is why ford do so well, whoever put 11k into it probably knew they were doing it for love of it rather than any return, which i respect more tbh.
Peak cars in this area for spend as much as you like and get money back were (and still are to a degree) e30, intégrale, RS fords, T1s, Alpines, UR quatros and to a lesser degree my current 2.5 cosworth, all heavily race historic.
Very true and tbh i have done the same, this was my car, i put £20k into it inc buying it and got £10500 back. I put 6k miles Peak cars in this area for spend as much as you like and get money back were (and still are to a degree) e30, intégrale, RS fords, T1s, Alpines, UR quatros and to a lesser degree my current 2.5 cosworth, all heavily race historic.
https://www.youtube.com/watch?v=EKs6tsAptbU&t=...
Unfortunately you'd have thought I'd learnt but see my profile, I bought another one as missed it and nothing else tickled the spot as much as a Corrado did - 4 seats, hatch back / coupe design, 6 pot engine, analogue and much work can be done DIY.
I like them and the community is tight nit as you say and the cars are only desirable to those within it.
ChrisH72 said:
I've just let my Fiesta ST go in part ex for just less than 5k.
It's still a great car and has plenty of life left in it. Certainly couldn't see it rising in value though. If I continued to use it there would no doubt be things like suspension work to come, not to mention the cam belt before too long. That wipes out any gain in value. But I think they will probably drop to 3k before the better examples start to creep up again.
I'll definitely lose more money on my new car if I sell within a few years but life's too short to worry about it.
If I may ask, what has replaced it? I know you posted not long ago struggling to think of what you would chop it in for.It's still a great car and has plenty of life left in it. Certainly couldn't see it rising in value though. If I continued to use it there would no doubt be things like suspension work to come, not to mention the cam belt before too long. That wipes out any gain in value. But I think they will probably drop to 3k before the better examples start to creep up again.
I'll definitely lose more money on my new car if I sell within a few years but life's too short to worry about it.
This was my answer to a similar question. My budget was a bit more at 7k.
With the amount of these fn2 getting broken for spares due to terminal rust and rear beam issues, I think a good fn2 type r is a reasonably sound “investment”. There are lots of ones for 3k but most are rotten and full of holes or mega milage. A decent one can be had for £5k.
With the FN2 you really want the lsd as it makes all the difference to the car and they command a premium. Expect to pay around £7k for an factory lsd car.
I don’t expect to make any money on mine when it’s time to sell.
I just spent £800 refreshing the suspension. I’ll probably need to replace the rear beam in a year or two so ongoing maintenance will eat any value rises. But hopefully it will be cost neutral or a small loss when it’s time to move it on.
Who knows in 10 years time it might be worth £20k but it will have had to have some expensive repairs and maintenance to make it there.
With the amount of these fn2 getting broken for spares due to terminal rust and rear beam issues, I think a good fn2 type r is a reasonably sound “investment”. There are lots of ones for 3k but most are rotten and full of holes or mega milage. A decent one can be had for £5k.
With the FN2 you really want the lsd as it makes all the difference to the car and they command a premium. Expect to pay around £7k for an factory lsd car.
I don’t expect to make any money on mine when it’s time to sell.
I just spent £800 refreshing the suspension. I’ll probably need to replace the rear beam in a year or two so ongoing maintenance will eat any value rises. But hopefully it will be cost neutral or a small loss when it’s time to move it on.
Who knows in 10 years time it might be worth £20k but it will have had to have some expensive repairs and maintenance to make it there.
culpz said:
Cheapest 250's are about 6k at the lowest end. What needs doing that you'd think you need to scrap it? Seems pretty extreme to me.
There is quite a nice one on eBay at the moment under £5k. https://www.ebay.co.uk/itm/335376443012?mkcid=16&a...Non-cup chassis but with a bit of haggling this could be a good buy. Can’t see them getting much cheaper.
VeeReihenmotor6 said:
Kerniki said:
VW golfs and VWs in general have never done that well in this department tbh, real die hard fans but its a very tight group and not really a wider appeal / dream car and with no race pedigree, which is why ford do so well, whoever put 11k into it probably knew they were doing it for love of it rather than any return, which i respect more tbh.
Peak cars in this area for spend as much as you like and get money back were (and still are to a degree) e30, intégrale, RS fords, T1s, Alpines, UR quatros and to a lesser degree my current 2.5 cosworth, all heavily race historic.
Very true and tbh i have done the same, this was my car, i put £20k into it inc buying it and got £10500 back. I put 6k miles Peak cars in this area for spend as much as you like and get money back were (and still are to a degree) e30, intégrale, RS fords, T1s, Alpines, UR quatros and to a lesser degree my current 2.5 cosworth, all heavily race historic.
https://www.youtube.com/watch?v=EKs6tsAptbU&t=...
Unfortunately you'd have thought I'd learnt but see my profile, I bought another one as missed it and nothing else tickled the spot as much as a Corrado did - 4 seats, hatch back / coupe design, 6 pot engine, analogue and much work can be done DIY.
I like them and the community is tight nit as you say and the cars are only desirable to those within it.
I have a soft sport for the G60 & VR6 but remember the former handling a fair bit better due to the less weight over the front, off set by s/c reliability
I remember attending a big vw show near oxford and my friend fell ill whilst there and this meant driving his wide arch 16v mk2 golf home for him, outrageously wide, kit began with R ? Anyway, jaw droppingly gorgeous of the dimma era..
Nice car the Corrado
v9 said:
culpz said:
Cheapest 250's are about 6k at the lowest end. What needs doing that you'd think you need to scrap it? Seems pretty extreme to me.
There is quite a nice one on eBay at the moment under £5k. https://www.ebay.co.uk/itm/335376443012?mkcid=16&a...Non-cup chassis but with a bit of haggling this could be a good buy. Can’t see them getting much cheaper.
https://www.manorparkclassics.com/auction/lot/lot-...
ThingsBehindTheSun said:
I have had a mk2 and mk3 megane (admittedly not RS) and the MK3 is leagues ahead in terms of build quality and interior.
I would go for the MK3 any day
Yes, the mk3 is a very well built thing. The RS is also a very different car, looks superficially similar but v different under the skin to a non-RS Megane. VED isn’t extortionate on the 3 either. I would go for the MK3 any day
Kerniki said:
You’re doing what you enjoy, you cant put a price on that! if you were doing it to make money then thats different
I have a soft sport for the G60 & VR6 but remember the former handling a fair bit better due to the less weight over the front, off set by s/c reliability
I remember attending a big vw show near oxford and my friend fell ill whilst there and this meant driving his wide arch 16v mk2 golf home for him, outrageously wide, kit began with R ? Anyway, jaw droppingly gorgeous of the dimma era..
Nice car the Corrado
Wonder if the kit that began with R was Rieger? I have a soft sport for the G60 & VR6 but remember the former handling a fair bit better due to the less weight over the front, off set by s/c reliability
I remember attending a big vw show near oxford and my friend fell ill whilst there and this meant driving his wide arch 16v mk2 golf home for him, outrageously wide, kit began with R ? Anyway, jaw droppingly gorgeous of the dimma era..
Nice car the Corrado
plenty said:
Kerniki said:
I honestly dont see insurance, tyres and servicing as part of the car ownership costs, i separate it as i do with all commodities in our lives, those are our enjoyment costs and if those costs dont dont add any enjoyment to the life of my wife and I, then the car / commodity is gone
I appreciate the cut of your jib and echo your heartfelt sentiments to the letter. Which is why despite living in deepest darkest Londonshire in a 13th floor flat, in what is easily the best connected postcode in the country for public transport and I suspect the country's most expensive for car insurance, working 100% from home and going regularly for weeks without driving, I'm strongly considering a fifth addition to the fleet.I get why people like the buzz of the city (any) and the amount of stimulus you get, hell, our place is sooo quiet we seek stimulus but i can imagine living amongst it, we would drown / suffocate amongst the crime, pollution and zero feeling of freedom, i know we are all different and thats needed but ‘that’ different? surely what you gain by being there is not worth your freedom? Or do you not see it that way?
ThingsBehindTheSun said:
I have had a mk2 and mk3 megane (admittedly not RS) and the MK3 is leagues ahead in terms of build quality and interior.
I would go for the MK3 any day
Mk3 is indeed light years ahead on build but they are also a bit soft and need mods for even moderate fast road driving. The old R26 is pretty firmly set up so for serious road driving and track they need very little really. Depends what you want from it I guess but for me the older car is much more entertaining and focused. I would go for the MK3 any day
fridaypassion said:
Mk3 is indeed light years ahead on build but they are also a bit soft and need mods for even moderate fast road driving. The old R26 is pretty firmly set up so for serious road driving and track they need very little really. Depends what you want from it I guess but for me the older car is much more entertaining and focused.
Not sure what you mean by ‘moderate fast road driving, but in my experience of owning a cup chassis RS250 for nearly 10 years, not once have I ever thought ‘this is a bit soft’ whilst driving on the road. Track is a very different thing, but even then, soft is not a word I’d use. Mine is completely standard and is more than adequate for any remotely sensible road driving. If anything it’s too hard for our rather poor roads. Zarco said:
Don't agree with that at all.
Can see why one might prefer the Mk2 as it's a bit smaller/lighter and more focused though.
Yep, they are not perfect by any means but being too soft is not a problem I associate with mine at all. Makes me wonder what fridaypassion was trying to do with his/hers. Can see why one might prefer the Mk2 as it's a bit smaller/lighter and more focused though.
Gassing Station | Car Buying | Top of Page | What's New | My Stuff