Should I buy an 1967 E-type
Discussion
I might be in the position of buying a 1967 E-type coupe for privately and wondered if its a sensible idea?
High level stuff i know
1967 coupe, auto, 80k 3 owners. Paint looks in good condition and been stored in a garage all its life and mechanically seems sound. Good amount of invoices and just had a new alternator installed.
I know it's a bit of a niche sector and I might be better off on a e-type jag forum but thought i'd start here and see what others think.
I'm thinking of buying it as a bit of an investment or at least somewhere safe to put my money. I think I could pick it up for about 50/55k and i can't seem them going down in value with the way the world is going and especially the UK with electric.
Am i mad to consider it or do people think they will eventually go up in value? Are there still too many of them on the roads which is keeping values down? This would be something we'd look to keep for at least 10 years so short term values aren't of interest but does everyone think old classics will just rocket up in 10 years time?
Any advice be appreciated.
High level stuff i know
1967 coupe, auto, 80k 3 owners. Paint looks in good condition and been stored in a garage all its life and mechanically seems sound. Good amount of invoices and just had a new alternator installed.
I know it's a bit of a niche sector and I might be better off on a e-type jag forum but thought i'd start here and see what others think.
I'm thinking of buying it as a bit of an investment or at least somewhere safe to put my money. I think I could pick it up for about 50/55k and i can't seem them going down in value with the way the world is going and especially the UK with electric.
Am i mad to consider it or do people think they will eventually go up in value? Are there still too many of them on the roads which is keeping values down? This would be something we'd look to keep for at least 10 years so short term values aren't of interest but does everyone think old classics will just rocket up in 10 years time?
Any advice be appreciated.
richatnort said:
1967 coupe, auto,
A 1967 Auto would be a 2+2, right? If so then I think it's not a very good bet, it's the roadsters and two-seat coupes that are what everyone lusts after. The higher longer roofline of the 2+2 looks quite a lot less sleek, almost ungainly from some angles, and will be less likely to be worth a lot in future.richatnort said:
Am i mad to consider it or do people think they will eventually go up in value? Are there still too many of them on the roads which is keeping values down? This would be something we'd look to keep for at least 10 years so short term values aren't of interest but does everyone think old classics will just rocket up in 10 years time?
IMHO the E-Type has peaked. Supply isn't going to decrease since the cars are no longer being left to rust away or scrapped without major major damage. Little boys who were ten years old when they came out in 1961 are 70 now, so past their peak classic-buying years; it won't be that long until the generation to whom they mean the most are beyond classic car ownership, so demand won't increase and isn't far from starting to decrease.Buy an E-Type if you want an E-Type, and enjoy it, but don't expect it to rise or even assume it'll hold value long-term.
OTOH if you're looking for something to rise in value then more recent cars seem a lot more likely, what have been called 'modern classics' for so long but are now just 'classics', 80s/90s/00s cars. JDM stuff or some of the German interesting stuff.
richatnort said:
I might be in the position of buying a 1967 E-type coupe....
i can't seem them going down in value with the way the world is going and especially the UK with electric.
2028. The Greens win a huge majority in the election, led by their charismatic leader Great Thunderburg. Previous exemptions from emissions and fuel policies that had been given to these old dinosaurs are withdrawn and all such cars must be removed from the roads on pain of .... well you get the idea.i can't seem them going down in value with the way the world is going and especially the UK with electric.
Don't buy an old car as an investment
samoht said:
richatnort said:
1967 coupe, auto,
A 1967 Auto would be a 2+2, right? If so then I think it's not a very good bet, it's the roadsters and two-seat coupes that are what everyone lusts after. The higher longer roofline of the 2+2 looks quite a lot less sleek, almost ungainly from some angles, and will be less likely to be worth a lot in future.richatnort said:
Am i mad to consider it or do people think they will eventually go up in value? Are there still too many of them on the roads which is keeping values down? This would be something we'd look to keep for at least 10 years so short term values aren't of interest but does everyone think old classics will just rocket up in 10 years time?
IMHO the E-Type has peaked. Supply isn't going to decrease since the cars are no longer being left to rust away or scrapped without major major damage. Little boys who were ten years old when they came out in 1961 are 70 now, so past their peak classic-buying years; it won't be that long until the generation to whom they mean the most are beyond classic car ownership, so demand won't increase and isn't far from starting to decrease.Buy an E-Type if you want an E-Type, and enjoy it, but don't expect it to rise or even assume it'll hold value long-term.
OTOH if you're looking for something to rise in value then more recent cars seem a lot more likely, what have been called 'modern classics' for so long but are now just 'classics', 80s/90s/00s cars. JDM stuff or some of the German interesting stuff.
But I am sure to be brushed under the carpet
PushedDover said:
samoht said:
richatnort said:
1967 coupe, auto,
A 1967 Auto would be a 2+2, right? If so then I think it's not a very good bet, it's the roadsters and two-seat coupes that are what everyone lusts after. The higher longer roofline of the 2+2 looks quite a lot less sleek, almost ungainly from some angles, and will be less likely to be worth a lot in future.richatnort said:
Am i mad to consider it or do people think they will eventually go up in value? Are there still too many of them on the roads which is keeping values down? This would be something we'd look to keep for at least 10 years so short term values aren't of interest but does everyone think old classics will just rocket up in 10 years time?
IMHO the E-Type has peaked. Supply isn't going to decrease since the cars are no longer being left to rust away or scrapped without major major damage. Little boys who were ten years old when they came out in 1961 are 70 now, so past their peak classic-buying years; it won't be that long until the generation to whom they mean the most are beyond classic car ownership, so demand won't increase and isn't far from starting to decrease.Buy an E-Type if you want an E-Type, and enjoy it, but don't expect it to rise or even assume it'll hold value long-term.
OTOH if you're looking for something to rise in value then more recent cars seem a lot more likely, what have been called 'modern classics' for so long but are now just 'classics', 80s/90s/00s cars. JDM stuff or some of the German interesting stuff.
But I am sure to be brushed under the carpet
ZX10R NIN said:
harrycovert said:
Buy it because you like it not for investment,and remember they do rust.
This is always the answer with any car but especially a classic.I have a couple of not-cheap watches and I bought them because I like them. I don’t give a stuff what they will be worth in the future. I’ve actually no intention of selling them anyway but if I did, they’d make what they’d make.
Same with cars. I own 4 cars and 8 bikes. Some of those would class as classics, but I don’t own them because they’re classics or because they will make money in the future (they might, they might not). I own them because they appeal to me and I wanted them. Again, if/when it’s time to sell them, well, I’d have enjoyed them and if I get some cash back then great; if not I’ll still have enjoyed them.
Bottom line OP: if you like how this car looks and you have the cash, get it bought!
Lily the Pink said:
Take a look at the thread on here about the availability of 98/99 octane petrol. I fear that this could get worse and result in owners selling up and the market for classics dropping.
If you mean https://www.pistonheads.com/gassing/topic.asp?h=0&... , the thread is discussing temporary shortages of super in some areas of the UK due to the current shortage of qualified lorry drivers. So that's not really a reason not to buy a classic.Personally I find a bit uninteresting the endless speculation about potential dramatic social changes and how they might make classics priceless / worthless. In reality drastic changes are unlikely in the next ten years (current policy is to continue selling new petrol-burning cars for the next 14 years), and it's quite unpredictable which direction they'll end up going, if any, in the long run. To me it's a perfect example of something that life's too short to worry about - it's a mistake to miss an opportunity to enjoy yourself in the short term, due to worrying about something entirely unpredictable that may or may not happen in the long term.
samoht said:
Lily the Pink said:
Take a look at the thread on here about the availability of 98/99 octane petrol. I fear that this could get worse and result in owners selling up and the market for classics dropping.
If you mean https://www.pistonheads.com/gassing/topic.asp?h=0&... , the thread is discussing temporary shortages of super in some areas of the UK due to the current shortage of qualified lorry drivers. So that's not really a reason not to buy a classic.Gassing Station | Car Buying | Top of Page | What's New | My Stuff