Drive your pension... investment car
Discussion
I think that really, you are just wanting a great car that if you cherish it will give you years of enjoyment and might even appreciate a bit in the future. Nothing at all wrong with that and it sounds like you can easily afford it so why not? Who wouldn't want that Lambo sat in their garage if they could have it?
A few posters on this thread are confused by the 'pension' bit. It might not even end up being a brilliant investment. But I don't think that matters all that much. Life is all about experiences and if it's something you want then just go for it. There's almost certainly better ways to invest money but they're not going to give you as much pleasure.
So you want a car.
What kind of budget are we talking about?
A few posters on this thread are confused by the 'pension' bit. It might not even end up being a brilliant investment. But I don't think that matters all that much. Life is all about experiences and if it's something you want then just go for it. There's almost certainly better ways to invest money but they're not going to give you as much pleasure.
So you want a car.
What kind of budget are we talking about?
I think we have already gone through the big rises on cars.
My mate did what you are thinking of about 10 years ago.
He has.
F430 Manual. Got it for an absolute bargain at £40k.
Got about 40k miles on it now.
E39 M5 he got for £8k.
NSX manual 5 speed. He got that for £20k.
Has got high mileage but still worth a lot more than what he paid.
Porsche GT3. Not sure what he got that for but said it’s doubled.
Did have a Lambo Gallardo manual. Got it cheap and drove it for a bit. Then it needed a clutch!!! £8k for that.
So yes he has been lucky. He did always want a Carrera GT. He almost took out a massive mortgage to try and buy one until his Mrs found out. At the time one was up for sale £150k. He still mentions it today.
What could have been.
I have always been told numerous times if you want a car that won’t depreciate like a stone or come with horrendous bills……
911 Turbo or one of the GT models.
Even the unloved 996 TT haven’t really tanked in price.
My mate did what you are thinking of about 10 years ago.
He has.
F430 Manual. Got it for an absolute bargain at £40k.
Got about 40k miles on it now.
E39 M5 he got for £8k.
NSX manual 5 speed. He got that for £20k.
Has got high mileage but still worth a lot more than what he paid.
Porsche GT3. Not sure what he got that for but said it’s doubled.
Did have a Lambo Gallardo manual. Got it cheap and drove it for a bit. Then it needed a clutch!!! £8k for that.
So yes he has been lucky. He did always want a Carrera GT. He almost took out a massive mortgage to try and buy one until his Mrs found out. At the time one was up for sale £150k. He still mentions it today.
What could have been.
I have always been told numerous times if you want a car that won’t depreciate like a stone or come with horrendous bills……
911 Turbo or one of the GT models.
Even the unloved 996 TT haven’t really tanked in price.
Ferrari 360 manual. Twice as many 468 as 360 on auto trader. Een less manuals of course
R8 manual
Standard Impreza
Possibly a Mégane rs 300
Maybe even tvr. Prices for a cerebra seem solid. Are they even making cars like it today? And if they are, probably talking 100k plus, so they might do well? Does a chassis overhaul seem that much of a big deal when new car prices have increased so much in recent years?
R8 manual
Standard Impreza
Possibly a Mégane rs 300
Maybe even tvr. Prices for a cerebra seem solid. Are they even making cars like it today? And if they are, probably talking 100k plus, so they might do well? Does a chassis overhaul seem that much of a big deal when new car prices have increased so much in recent years?
Timing is important though regarding values and length of ownership. Yes, several classic cars are way up in value, others have dropped (E-types for example, they're not even rare, 4k plus exist). You could have got 50% increase in holding cash over the last 10 year according to an inflation calculator. When 'I were a lad', it doubled in only 10 years!
Then there's the insurance and maintenance costs but of course thy get ignored in man maths.
Many collectors merely store them, and have no intention of using them. As mentioned previously, there is no CGT on mechanical objects like cars, they are considered to have a shorter finite life than jewellery, paintings, sculpture etc.
Then there's the insurance and maintenance costs but of course thy get ignored in man maths.
Many collectors merely store them, and have no intention of using them. As mentioned previously, there is no CGT on mechanical objects like cars, they are considered to have a shorter finite life than jewellery, paintings, sculpture etc.
Aiminghigh123 said:
Did have a Lambo Gallardo manual. Got it cheap and drove it for a bit. Then it needed a clutch!!! £8k for that.
So yes he has been lucky. He did always want a Carrera GT. He almost took out a massive mortgage to try and buy one until his Mrs found out. At the time one was up for sale £150k. He still mentions it today.
What could have been.
If the Gallardo servicing and repairs were too much to stomach, the CGT would have put him in the workhouse. Some of the bills people have reported on them are enough to make you wake up in a cold sweat in the dead of night. So in this case at least it seems the Missus' sense, while not as fun, was probably for the best. So yes he has been lucky. He did always want a Carrera GT. He almost took out a massive mortgage to try and buy one until his Mrs found out. At the time one was up for sale £150k. He still mentions it today.
What could have been.
my concern with this would be, in 20-30 years how practical will selling a ICE / manual car be?
colleagues i work with, their kids are only interested in learning to drive an automatic, they'll be the age group able to potentially afford the car when disposal time comes. The practicalities of moving away from petrol, government increasing running costs etc are also a bit of unknown.
I see the pool of potential buyers for a 40 year old car being much smaller than the current pool
colleagues i work with, their kids are only interested in learning to drive an automatic, they'll be the age group able to potentially afford the car when disposal time comes. The practicalities of moving away from petrol, government increasing running costs etc are also a bit of unknown.
I see the pool of potential buyers for a 40 year old car being much smaller than the current pool
Trying to think of what might be sitting around that's been missed by the market.
Air cooled 911's were the big gain in the last 10 years, even a 912 is £60k .
15 years ago a decent AM V8 was £30,000. Now £100k plus, which is hell of a leap even with inflation.
More modestly and prosaically, Spitties and GT6 have gone up a bit, Scimitars likewise.
I can't think of anything that's due a 911 style increase though. DB7 and 928 still rumbling around £20 to £35k for years, TVR's don't seem to be showing much movement.
Bigger engined E30's possibly.
TR6 looks very good value at the moment.
Esprits might pick up - they seem to have increased a bit over the last few years.
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