£100-150k Pension Pot car: 10-15yrs High Risk!
Discussion
ooid said:
ZX10R NIN said:
Mclaren 12C:
https://www.autotrader.co.uk/car-details/202509096...
https://www.autotrader.co.uk/car-details/202511208...
Isn't 12c complete financial ruin?! totally reminded me now, Hoovies Garage had one and that repair list with invoice was a complete disaster.https://www.autotrader.co.uk/car-details/202509096...
https://www.autotrader.co.uk/car-details/202511208...
For the OP, I know a few pensioners drive air*cooled (beard, obviously
), neat clean, 993 or 964. They are ultimate classic, and drive/feel much better than any of the supercars you list to be honest, and pretty much safe bets.2000 on cars are better now as the older stuff is slowing up as the people that were interested in a G reg car are ageing etc
A lot of cars get exported to Australia at 25 years old so that’s why the 996 GT3 market has gone crazy
360 Modena manual would be my choice
This post is in the Car Buying forum, not the Finance forum but even so....
How does buying this car fit in with your main retirement saving and spending plans and that of your partner if you have one?
I bought a 993 20 years with money from a bonus. It has more than doubled in value since then but I have spent far more on maintenance to ever be able to justify it in on financial grounds. However driving it has given me the lift I needed during difficult times. I've done around 50k miles in that time but only do around 1500 each year now.
Ideally you should do it with your eyes open about the financial impact it will vs investing it for your future.
But forgetting that, just go ahead and buy what you really want. You know, the kind of car you can't stop thinking about but preferably one that has some kind of value retention prospects. Just don't think of of it in terms of a pension because the return is unlikely to get anywhere near what you might achieve with a simple global index fund.
I'd have the F430 manual.
How does buying this car fit in with your main retirement saving and spending plans and that of your partner if you have one?
I bought a 993 20 years with money from a bonus. It has more than doubled in value since then but I have spent far more on maintenance to ever be able to justify it in on financial grounds. However driving it has given me the lift I needed during difficult times. I've done around 50k miles in that time but only do around 1500 each year now.
Ideally you should do it with your eyes open about the financial impact it will vs investing it for your future.
But forgetting that, just go ahead and buy what you really want. You know, the kind of car you can't stop thinking about but preferably one that has some kind of value retention prospects. Just don't think of of it in terms of a pension because the return is unlikely to get anywhere near what you might achieve with a simple global index fund.
I'd have the F430 manual.
Ultimately buy a car you want to own and enjoy, if it appreciates then great but there are far better things to invest in.
Collectors make money from large collections not a one car collection.
If it was my money I’d go 458 as the last mid engined NA (although slightly above your budget)
Collectors make money from large collections not a one car collection.
If it was my money I’d go 458 as the last mid engined NA (although slightly above your budget)
LeoSayer said:
This post is in the Car Buying forum, not the Finance forum but even so....
How does buying this car fit in with your main retirement saving and spending plans and that of your partner if you have one?
I bought a 993 20 years with money from a bonus. It has more than doubled in value since then but I have spent far more on maintenance to ever be able to justify it in on financial grounds. However driving it has given me the lift I needed during difficult times. I've done around 50k miles in that time but only do around 1500 each year now.
Ideally you should do it with your eyes open about the financial impact it will vs investing it for your future.
But forgetting that, just go ahead and buy what you really want. You know, the kind of car you can't stop thinking about but preferably one that has some kind of value retention prospects. Just don't think of of it in terms of a pension because the return is unlikely to get anywhere near what you might achieve with a simple global index fund.
I'd have the F430 manual.
Had you solely bought it as an investment though you would have made a lot more by not adding 50k miles to it so it would be worth a lot more and the maintenance would have been a lot less too.How does buying this car fit in with your main retirement saving and spending plans and that of your partner if you have one?
I bought a 993 20 years with money from a bonus. It has more than doubled in value since then but I have spent far more on maintenance to ever be able to justify it in on financial grounds. However driving it has given me the lift I needed during difficult times. I've done around 50k miles in that time but only do around 1500 each year now.
Ideally you should do it with your eyes open about the financial impact it will vs investing it for your future.
But forgetting that, just go ahead and buy what you really want. You know, the kind of car you can't stop thinking about but preferably one that has some kind of value retention prospects. Just don't think of of it in terms of a pension because the return is unlikely to get anywhere near what you might achieve with a simple global index fund.
I'd have the F430 manual.
Lovely cars 993s and good call on the F430 manual
360 manuals are half the price so have some potential to rise too
datelessregistrations said:
Had you solely bought it as an investment though you would have made a lot more by not adding 50k miles to it so it would be worth a lot more and the maintenance would have been a lot less too.
But he wouldn't have had the experience on driving it and parts still need replacing unless it's stored correctly. Like a few have said cars are to be driven not looked at hoping they will go up in value. If you're not going to drive it and hope to make some money you might as well buy a poster of a nice car and put the money in an index fund.
What's part availability going to be like for some of these cars in 15-20 years time?
Was watching scraplife garage (youtube) and whilst Americana cars, the big 3 are not making parts anymore for the modern muscle cars and parts that where cheap a year a go and commonly available =no resale value, are now 3/4 figures.
Was watching scraplife garage (youtube) and whilst Americana cars, the big 3 are not making parts anymore for the modern muscle cars and parts that where cheap a year a go and commonly available =no resale value, are now 3/4 figures.
Trash_panda said:
What's part availability going to be like for some of these cars in 15-20 years time?
Was watching scraplife garage (youtube) and whilst Americana cars, the big 3 are not making parts anymore for the modern muscle cars and parts that where cheap a year a go and commonly available =no resale value, are now 3/4 figures.
Good pointWas watching scraplife garage (youtube) and whilst Americana cars, the big 3 are not making parts anymore for the modern muscle cars and parts that where cheap a year a go and commonly available =no resale value, are now 3/4 figures.
Hopefully in 15 years the tech will be there to 3D print and make parts easily enough but time will tell.
roca1976 said:
Following a recent inheritance, I am interested in a pension pot car.
I am 50 with a decent pension, house paid off and enough rainy day savings. I think I am happy to take a high-risk approach and punt on a high value car with an idea to sell when I am 60-65 and release the capital.
I would like something useable for fair weather use (circa 2k p.a) and I think it needs to be £100 - 150k to maximise the strongest return.
Thoughts so far based on potential desirability due to end of era features whether it is NA, manual, limited numbers, brand image:
2018 991 GT3 4.0 Manual £120k
2021 992 GT3 4.0 Manual £150k
F430 coupe Manual £90k
Gallardo coupe Manual £?
Gallardo Valentino Balboni E Gear £100k
BMW M4 DTM / GTS £80k
Jag Project 8 £120k
Interested to hear your thoughts and suggestions (no E46 M3 s please!) and older classics.
Off that list the Project 8 would be my preference.I am 50 with a decent pension, house paid off and enough rainy day savings. I think I am happy to take a high-risk approach and punt on a high value car with an idea to sell when I am 60-65 and release the capital.
I would like something useable for fair weather use (circa 2k p.a) and I think it needs to be £100 - 150k to maximise the strongest return.
Thoughts so far based on potential desirability due to end of era features whether it is NA, manual, limited numbers, brand image:
2018 991 GT3 4.0 Manual £120k
2021 992 GT3 4.0 Manual £150k
F430 coupe Manual £90k
Gallardo coupe Manual £?
Gallardo Valentino Balboni E Gear £100k
BMW M4 DTM / GTS £80k
Jag Project 8 £120k
Interested to hear your thoughts and suggestions (no E46 M3 s please!) and older classics.
Also consider:
MC20
Alfa Giulia GTA
Ferrari 458
To echo the others on here with similar thoughts:
Buy a nice car to enjoy, then invest the rest. Plenty of juicy choices at the £60-£80k range. My pick would be a V12 Vantage or perhaps 718 Spyder.
Then, after 20 years you have a potentially higher value car that’s sought after, and a hopefully decent return on your investments.
Win win.
Buy a nice car to enjoy, then invest the rest. Plenty of juicy choices at the £60-£80k range. My pick would be a V12 Vantage or perhaps 718 Spyder.
Then, after 20 years you have a potentially higher value car that’s sought after, and a hopefully decent return on your investments.
Win win.
458/488 pref manual, preferably spider.
McLaren 600LT
Good luck in your adventure OP. I intend to buy something nice next year but I don’t intend to keep it for a decade. More like 3-4yrs, with the hope of experiencing relatively low depreciation, then chop it in for something fun for the next 3-4yrs etc.
If I were you I’d forget about the idea of buying something to have fun with for a decade, and then selling at a profit. I’d be far more tuned in to buying a few cars over that period that really gave me some pleasure/memories - whilst still enabling me to jump out after a decade with a chunk of change.
Perhaps, considering the figures you’re talking about, something like a McLaren 570/650 spider or a Portofino (poss M) might suffice? Certainly, with the Mc you’re probably not going to see much further depreciation for a good one, and entry cost is comfortably sub 100k. I add the Portofino M purely as it’s something I keep going back to. I think it might well retain strong residuals (I think the tin roof and non-haptic controls will help in this regard). But nonetheless, it will continue to depreciate.
ukwill said:
458/488 pref manual, preferably spider.
McLaren 600LT
Good luck in your adventure OP. I intend to buy something nice next year but I don t intend to keep it for a decade. More like 3-4yrs, with the hope of experiencing relatively low depreciation, then chop it in for something fun for the next 3-4yrs etc.
If I were you I d forget about the idea of buying something to have fun with for a decade, and then selling at a profit. I d be far more tuned in to buying a few cars over that period that really gave me some pleasure/memories - whilst still enabling me to jump out after a decade with a chunk of change.
Perhaps, considering the figures you re talking about, something like a McLaren 570/650 spider or a Portofino (poss M) might suffice? Certainly, with the Mc you re probably not going to see much further depreciation for a good one, and entry cost is comfortably sub 100k. I add the Portofino M purely as it s something I keep going back to. I think it might well retain strong residuals (I think the tin roof and non-haptic controls will help in this regard). But nonetheless, it will continue to depreciate.
458 great choice McLaren 600LT
Good luck in your adventure OP. I intend to buy something nice next year but I don t intend to keep it for a decade. More like 3-4yrs, with the hope of experiencing relatively low depreciation, then chop it in for something fun for the next 3-4yrs etc.
If I were you I d forget about the idea of buying something to have fun with for a decade, and then selling at a profit. I d be far more tuned in to buying a few cars over that period that really gave me some pleasure/memories - whilst still enabling me to jump out after a decade with a chunk of change.
Perhaps, considering the figures you re talking about, something like a McLaren 570/650 spider or a Portofino (poss M) might suffice? Certainly, with the Mc you re probably not going to see much further depreciation for a good one, and entry cost is comfortably sub 100k. I add the Portofino M purely as it s something I keep going back to. I think it might well retain strong residuals (I think the tin roof and non-haptic controls will help in this regard). But nonetheless, it will continue to depreciate.
The car budget is likely to get a kick back to £50-70k. The inherited house is on it's third reduction! The market is terrible.
I guess I just got wrapped up listening to podcasts and thinking I could buy a 100k car, use it and walk away in ten years time with the majority of the original purchase price inflation indexed back in my pocket! That's what I was going to tell the wife...
It's been a really useful thread and I think ten years is too long to plan and five years is the longest I have kept a car for yet.
Common sense is to buy something I really want and not get wrapped up thinking it will supplement my pension lump sum.
I am sure by the time the house sells I will be another year older and wiser (assuming Trump doesn't end the world tomorrow night)
I guess I just got wrapped up listening to podcasts and thinking I could buy a 100k car, use it and walk away in ten years time with the majority of the original purchase price inflation indexed back in my pocket! That's what I was going to tell the wife...
It's been a really useful thread and I think ten years is too long to plan and five years is the longest I have kept a car for yet.
Common sense is to buy something I really want and not get wrapped up thinking it will supplement my pension lump sum.
I am sure by the time the house sells I will be another year older and wiser (assuming Trump doesn't end the world tomorrow night)
roca1976 said:
The car budget is likely to get a kick back to £50-70k. The inherited house is on it's third reduction! The market is terrible.
I guess I just got wrapped up listening to podcasts and thinking I could buy a 100k car, use it and walk away in ten years time with the majority of the original purchase price inflation indexed back in my pocket! That's what I was going to tell the wife...
It's been a really useful thread and I think ten years is too long to plan and five years is the longest I have kept a car for yet.
Common sense is to buy something I really want and not get wrapped up thinking it will supplement my pension lump sum.
Doesn’t mean your man maths formulae still won’t work in terms of your broke to your wife but just with a lower start point. I guess I just got wrapped up listening to podcasts and thinking I could buy a 100k car, use it and walk away in ten years time with the majority of the original purchase price inflation indexed back in my pocket! That's what I was going to tell the wife...
It's been a really useful thread and I think ten years is too long to plan and five years is the longest I have kept a car for yet.
Common sense is to buy something I really want and not get wrapped up thinking it will supplement my pension lump sum.
You can still have all the fun with that reduced start point.
Best of luck with the sale.
Lowest milage Ferrari 599/F12 you can find for your budget.
https://www.pistonheads.com/buy/listing/14933454
https://www.pistonheads.com/buy/listing/20010227
https://www.pistonheads.com/buy/listing/14933454
https://www.pistonheads.com/buy/listing/20010227
Edited by TurboBlue on Sunday 19th April 00:54
Gassing Station | Car Buying | Top of Page | What's New | My Stuff