which classic car value is/will drop the most
Discussion
rob07 said:
As it seems the classic car price bubble is starting to burst,I was wondering which make/model will fall the most. A correction of prices will be good for the genuine enthusiasts and I welcome it.
Prices for Astons, e-types and 911's will all collapse (so that I might be able to buy in when prices have fallen)..Jags, RX-7's and Micra K11's will hold their prices - so I don't loose out.
Maybe a hope rather than a prediction
"Starting to burst"?.......that would need to be a slow puncture, surely a burst is sudden and that is when prices drop massively.
People were putting cars up for sale that were £100k 3 months before at £150k and they didn't sell, the market is still finding the values.
Most of the threads are "look at this for sale at £xxxxxx" and we think that prices have gone mad, the actual sale prices are often kept secret unless auctions and that is a small segment of the market.
People were putting cars up for sale that were £100k 3 months before at £150k and they didn't sell, the market is still finding the values.
Most of the threads are "look at this for sale at £xxxxxx" and we think that prices have gone mad, the actual sale prices are often kept secret unless auctions and that is a small segment of the market.
Far too many people look at the prices being asked by 'chancers' and end up believing that the asked price is actually the going rate for said vehicle. You'll then only need a few 'idiots' or small businessmen looking to 'unload' some cash to stave off the tax people and a 'trend' then starts.
No bursting but some models I'd be worried about if I only bought one to earn
Luckily I don't buy to cash in, I only buy what I like hence I don't own any Ferraris.
But have noticed 308's and 355's are feeling the pressure, so many for sale ATM. I guess all the speculating lemins bought these Ferraris as a relatively cheap entry
Luckily I don't buy to cash in, I only buy what I like hence I don't own any Ferraris.
But have noticed 308's and 355's are feeling the pressure, so many for sale ATM. I guess all the speculating lemins bought these Ferraris as a relatively cheap entry
av185 said:
As long as interest rates remain low which is likely for the foreseeable future many of these vehicles will just be viewed as another asset class in which to park money.
Can't see much further softening of prices personally.
Indeed.Can't see much further softening of prices personally.
The 'value' of many other 'collectibles' have soared for the same reason in the past decade, its not just old cars.
Strela said:
Tall tyres, little wheels, squishy, pedestrian by modern standards, the cream leather trim ages terribly, and you'll look like a complete tart driving it. Basically, it's perfect for me.
And they sound hilariously good.
I've said it before but I think it's one of the most perfect-looking things ever created. And they sound hilariously good.
But... would I enjoy it more than the TR6? I've been thinking about this recently, all the cars I fancy etc. I think the TR is a fairly commonplace thing in classic circles, barely worthy of mention. But I can't imagine anything being that much more fun that I'd want to swap it.
Yertis said:
I've said it before but I think it's one of the most perfect-looking things ever created.
But... would I enjoy it more than the TR6? I've been thinking about this recently, all the cars I fancy etc. I think the TR is a fairly commonplace thing in classic circles, barely worthy of mention. But I can't imagine anything being that much more fun that I'd want to swap it.
A TR6 is a great choice, one of my current projects and I’ve had loads over the years. It sits next to my S1 Etype and my 66 stingray 427 and it deserves to be in that company I’d say. Last of the hairy chested British sports cars But... would I enjoy it more than the TR6? I've been thinking about this recently, all the cars I fancy etc. I think the TR is a fairly commonplace thing in classic circles, barely worthy of mention. But I can't imagine anything being that much more fun that I'd want to swap it.
rob07 said:
As it seems the classic car price bubble is starting to burst,I was wondering which make/model will fall the most. A correction of prices will be good for the genuine enthusiasts and I welcome it.
Given that 98% of all classic cars are already owned by genuine enthusiasts how will that be good for them ?Yertis said:
I've said it before but I think it's one of the most perfect-looking things ever created.
But... would I enjoy it more than the TR6? I've been thinking about this recently, all the cars I fancy etc. I think the TR is a fairly commonplace thing in classic circles, barely worthy of mention. But I can't imagine anything being that much more fun that I'd want to swap it.
I have never driven a tr6 so cant comment on that, but I do own a 308 gtb and it really is superb in so many ways. I love the styling,the way it drives/rides and handles and sounds,its fast enought at about 155mph,the driving experience feels very special and still old skool, and it is very diy mantainable. My car saw very strong gains but has fallen back some in the last 2 odd years, not that I mind as I hope to never sell it.But... would I enjoy it more than the TR6? I've been thinking about this recently, all the cars I fancy etc. I think the TR is a fairly commonplace thing in classic circles, barely worthy of mention. But I can't imagine anything being that much more fun that I'd want to swap it.
a brief article on classic car prices.
http://www.evo.co.uk/news/20044/classic-car-prices...
Gassing Station | Classic Cars and Yesterday's Heroes | Top of Page | What's New | My Stuff