Buy Now - Classic Later
Discussion
Double after 10yrs... can anyone suggest anything that has recently done that ?
I know that due to the economic climate many cars have increased in value (R32 GTR, cheaper classic Ferraris 308/328 etc) but apart from the 80's (?) boom when Classics went up stupidly high (then fell back) I can't think of any that have doubled in recent years.
I'd suggest when the economy picks up recent used car price increases will drop back rather than rise further.
I know that due to the economic climate many cars have increased in value (R32 GTR, cheaper classic Ferraris 308/328 etc) but apart from the 80's (?) boom when Classics went up stupidly high (then fell back) I can't think of any that have doubled in recent years.
I'd suggest when the economy picks up recent used car price increases will drop back rather than rise further.
V8RX7 said:
Double after 10yrs... can anyone suggest anything that has recently done that ?
I know that due to the economic climate many cars have increased in value (R32 GTR, cheaper classic Ferraris 308/328 etc) but apart from the 80's (?) boom when Classics went up stupidly high (then fell back) I can't think of any that have doubled in recent years.
I'd suggest when the economy picks up recent used car price increases will drop back rather than rise further.
Really?I know that due to the economic climate many cars have increased in value (R32 GTR, cheaper classic Ferraris 308/328 etc) but apart from the 80's (?) boom when Classics went up stupidly high (then fell back) I can't think of any that have doubled in recent years.
I'd suggest when the economy picks up recent used car price increases will drop back rather than rise further.
Many of the 70s and 80s BMWs have doubled over the last 10 years, as a starter for 10. Take 635csis, e28 M5s and e30 M3s as three good examples.
TameRacingDriver said:
Not likely. Not for a very, very long time at least, if ever.
It was just an opinion, not an expression of fact. I think few ever saw the Mk1 Golf, Ford Sierra Cosworth et al as future classics, they were just decent cars at the time of launch.To me the Civic, or more importantly its engine represents something similar. Time will tell of cause.
wemorgan said:
TameRacingDriver said:
Not likely. Not for a very, very long time at least, if ever.
It was just an opinion, not an expression of fact. I think few ever saw the Mk1 Golf, Ford Sierra Cosworth et al as future classics, they were just decent cars at the time of launch.To me the Civic, or more importantly its engine represents something similar. Time will tell of cause.
Any old performance car that is simple and light with a cult following. For instance, the old hot hatches of the 90's hold a great appeal for many drivers now because they feel so utterly alien compared to the selection of excessively grippy, heavy turbocharged hot hatches we get these days.
That said, there are still loads of amazing cars out there that are much maligned these days - the Cavalier Turbo 4x4 for instance! (good luck keeping yourself in working gearboxes and transmission parts though).
That said, there are still loads of amazing cars out there that are much maligned these days - the Cavalier Turbo 4x4 for instance! (good luck keeping yourself in working gearboxes and transmission parts though).
Can not offer a make or model but buy the best you can find low milage with a decent history, there is no subsitute for that.
Secondly cars are also fasionable items, take the rise in value of cars like the Ford hot hatches RS turbo, XRs Cosworth etc, these were the must have cars of teenagers in the 80s these people are now 40 somethings with a bit of cash wanting to buy the cars they did not have in thier youth.
I bet in another 10 years all the Mitsi evos, Scoobys etc will be the next sort after car.
Lastly for a car to double or at least grow in value it must be garaged and the mileage stay low with ocasional use only, do not think you can buy a car use it for 10 years and double your money, only the "special" cars will be money earners
Secondly cars are also fasionable items, take the rise in value of cars like the Ford hot hatches RS turbo, XRs Cosworth etc, these were the must have cars of teenagers in the 80s these people are now 40 somethings with a bit of cash wanting to buy the cars they did not have in thier youth.
I bet in another 10 years all the Mitsi evos, Scoobys etc will be the next sort after car.
Lastly for a car to double or at least grow in value it must be garaged and the mileage stay low with ocasional use only, do not think you can buy a car use it for 10 years and double your money, only the "special" cars will be money earners
Think what a 20 year old can't afford now, but will want when they are 30 and have some readies.
A time exaggerated example would be any Ford Capri, not just the Capri 2.8. They are being bought now by 50 year olds who couldn't afford them when they were 20. I know that's a 30 year gap, but I hope you see what I mean.
Take a look at "how many left" and consider something that there are very few of, but still very cheap.
Also consider a car that is a star of today's or yesterday's TV.
A time exaggerated example would be any Ford Capri, not just the Capri 2.8. They are being bought now by 50 year olds who couldn't afford them when they were 20. I know that's a 30 year gap, but I hope you see what I mean.
Take a look at "how many left" and consider something that there are very few of, but still very cheap.
Also consider a car that is a star of today's or yesterday's TV.
Edited by pingu393 on Tuesday 27th August 22:10
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