Depreciation Proof Motoring

[B.J.W]

Aside from purchasing a classic car, are there any cars (sports cars in particular) when you could put down £30k and get the same money back 12 months down the line? Taking into account the speculators amongst you, I will also allow for some profit to be made on the initial £30k as well

Thoughts so far are:

Late plate Noble M12 GTO-3R's
Lotus 2:11 Supercharged

Over to you

[zcacogp]

Choose any of the above.


Oli.

[andye30m3]

Noble seam to be fairly depreciation proof

also could look at:

High millage GT3
M3 CSL
F355 although running cost maybe quite high

[Jgtv]

BMW Z1, Z8 ( not for 30K though) or Z3M Coupe.

Probably 10-20 on the Z1-Z3 will get you the majority of it back in a year, as long as its looked after

[stinkysteve]

zcacogp said:

Choose any of the above.


Oli.

Facel Vega for 30k? Where! I'd love one, proper extravagance!

[sday12]

911 993 c2s?

[craigb84]

Atom? Radical? I'd say you'd need to be into the super specialist range of sports car. The ones that are pretty difficult to get hold of in the first place.

Just having a scan through classifieds and there are some Skyline R34s that are still going for big money too.

Another obvious choice would be to pick up an Escort Cosworth off someone with financial issues and garage it for a few years. I'm pretty confident that some classic prices are going to go up again. At the moment i don't think anything is selling so if one has spare cash i think there could be some money to be made from some of these late classics.

[GroundEffect]

I bought my Integra Type R, drove it for nearly 2 years, and sold it for more than I paid.

Yay.

[soxboy]

zcacogp said:

Choose any of the above.


Oli.

£30k?????

[J4CKO]

zcacogp said:

Choose any of the above.


Oli.

Depreciation is one thing but keeping something like these going isn't cheap. use one every day and the bills will mount up pretty quickly.

[soxboy]

You specify you don't want a classic so we have to look at more modern stuff, tricky as most of it is still suffering depreciation.

My first thought for that budget would be an E46 M3 CSL, then going a bit older there's the 993C2S.

[stinkysteve]

NSX?

[Zippee]

Ignoring running costs for a minute;

BMW M3 CSL
TVR T350 - I paid less 3 years ago than what I can sell it for now.
Porsche 911 (993 variant)

[pat_y]

Ariel Atom: should be quite a safe investment
Exige S2: bit more risky, shouldn't loose loads though
R34 GTR: Bit of a risk, but low numbers have been keeping prices high for many years
964 Turbo: fairly safe bet
996 GT3: again fairly safe bet
Ferrari 456: bit risky, but should hold it's money.

2 years ago i would have said Testarossa all the way, prices were low to mid 30's, now in the 40's and can't see that stopping for a while, whilst it will never mirror the Countach spectacular price rise, i think it's still got a way to go.

A bit left field but if you can spend high 30's low 40's i would definetley look at Pantera's.

[GhostDriver]

12 months isnt too long,

You just need to find a desperate seller,

and then 12 months later a desperate buyer.

[Risotto]

It may sound flippant but as a broad rule of thumb, I've found it pays to buy cars that fellow owners will wave at. Anything made in limited numbers that's now out of production and has cult status amongst car enthusiasts won't be too hard to sell on to a buyer eager to find out what all the fuss is about.

Personally, I wouldn't get too hung up on what model you buy - concentrate more on condition and price. You can avoid depreciation on any car if you pay the right price for it. I'm not talking about buying a poor example for low money, rather, buying a good example for a bargain price. Someone will always be desperate to sell because of a new baby or impending house move.

If it's a model that depreciates rapidly, don't keep it too long or depreciation will wipe out your potential profit. If it doesn't depreciate fast, you can hang on to it for longer.

You need to keep a sharp eye on the classifieds and be first on the phone to arrange a viewing/first refusal. With any luck, a year down the line you'll be able to sell it on for what you paid (sometimes even a little more).

Don't be scared to travel either - we live on a small island, nowhere's that far away.

[B.J.W]

I didn't realise the CSL's were so pricey - Are they really 3x the car when compared to a decent M3 at 10k? I've never driven one.

[Dracoro]

zcacogp said:

Choose any of the above.


Oli.

You didn't read the OP did you

B.J.W said:

Aside from purchasing a classic car......

[bromers2]

B.J.W said:

I didn't realise the CSL's were so pricey - Are they really 3x the car when compared to a decent M3 at 10k? I've never driven one.

Year for year they're not 3x but yes they are a lot better than std M3.

(not biased )

[zcacogp]

Dracoro said:

zcacogp said:

Choose any of the above.


Oli.

You didn't read the OP did you

B.J.W said:

Aside from purchasing a classic car......

Ummm, you're quite right - I didn't!



Very sorry. My mistake. (I'm still leaving those piccies up tho' as they are lovely!)

Stinkysteve, I think that FV imports can be had for not much more than that money. I've never looked in detail tho' as they have never quite floated my boat ...


Oli.