What to spend £20k on which will rise in value
Discussion
I've been saving up and have between £20k and £30k to spend, but don't need to spend all of it.
What would you put your money into that is likely to creep up in value over the next few years?
I'm a rwd kind of guy, and big fan of the old MX5's and certainly the old BMW stuff, i've already got an old M5...
Currently i'm leaning towards an M635csi if i can find a decent one for the money, but good E39 M5's also seem to be creeping up. A friend has an 80's Porsche 911 thats absolutely beautful too, he values it at around £25k...
Keen on any idea's
What would you put your money into that is likely to creep up in value over the next few years?
I'm a rwd kind of guy, and big fan of the old MX5's and certainly the old BMW stuff, i've already got an old M5...
Currently i'm leaning towards an M635csi if i can find a decent one for the money, but good E39 M5's also seem to be creeping up. A friend has an 80's Porsche 911 thats absolutely beautful too, he values it at around £25k...
Keen on any idea's
Are you looking for something that as an overall proposition is going to come out cost-neutral (or even turn a small profit)? Or just something whose purchase price is going to go up?
They're very different things. There are plenty of cars who, if you buy well and are lucky, you can sell for more than you bought them. However once you've taken into account how much it costs to maintain, say, a 1980s 911, then the list gets considerably shorter and you need to be significantly luckier. By way of an example, my 996 is probably worth £3k or so more now than when I bought it - however I've spent £10k just on keeping in in semi-decent shape in the last three years.
They're very different things. There are plenty of cars who, if you buy well and are lucky, you can sell for more than you bought them. However once you've taken into account how much it costs to maintain, say, a 1980s 911, then the list gets considerably shorter and you need to be significantly luckier. By way of an example, my 996 is probably worth £3k or so more now than when I bought it - however I've spent £10k just on keeping in in semi-decent shape in the last three years.
All the cars mentioned already are good shouts, although you wont find a low mileage Exige for £20K
For me, the biggest current 20K bargain is the Bentley Continental R. Probably not your cup of tea as a RWD man, but an amazing amount of car really when you think about it and about £100K new...Found one on Autotrader with only 62,000 miles on it....£19,950. Surely those cars will rise considerably in the coming years. More than stuff which is already rising. These cars have to be at the bottom of their deprecation curve.
Going a bit leftfield...Maserati? The 3200GT is another car at the bottom of its curve. £11495 for a 60,000 mile 2002 car....or £15995 for one with only 44,000 miles. I think these are another that will rise. The 3200 was only produced for a few years.
Or another Maser that's silly cheap. An early Quattroporte. £13995 currently buys you a 36,000 mile 2005 car.
Something a little less risky, what about a Lexus IS-F? These are dirt cheap for what they offer and very under-rated IMO. £20,995 buys a 2011 64,000 miler at the moment. Try finding a 2011 M3 for that money!!!
Just a few ideas that are in my opinion a little more interesting than the more predictable, Porsche, BMW stuff and in the case of the Masers you'll get much lower mileage than an equivalent BMW m5
greenarrow said:
All the cars mentioned already are good shouts, although you wont find a low mileage Exige for £20K
Between 20k and 30k you'd find an older NA S2 for mid to high 20s with reasonable mileage. I bought my Exige 8 years ago for 18k (on 25k miles) so I'm not sure how much more room they have to go up. Then again S1 Exiges are silly money now, I remember looking at an S1 Exige years ago for 15k and deciding against it......d'oh!
:-
timmymagic73 said:
DeLorean. Because who wouldn't want one! Either UK based or spend some of the cash on a break to the US finding one to ship home.
I guess it depends what you're intending to do with this car.
This gets my vote- delorean - take it back in time. Buy scruffy GTO with small change. Job done. Isn't this what all Delorean owners do?I guess it depends what you're intending to do with this car.
SidewaysSi said:
MB140 said:
5LDC said:
996 C4S manual for 20k
That’s where my money would go. Yes, your money would literally go there.
Not a bad buy, but you don't buy one with any money making schemes in mind.
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