Getting Ahead of the Curve
Discussion
If you were to buy something now 'Bargain Basement' with a view to beating the system and getting ahead of the curve, what would you buy?
I remember our school caretaker's collection of Auto ste (Cortina Estate, Granada Estate) and we all laughed at him. These same cars are now changing hand for £4-6k - but were £300 when he had them.
Wondering whether to punt £600 on a nice 1994 Mondeo and keep it nice. Not to make money, but just to buy whilst they're still chips.
What do you think has bottomed out?
I remember our school caretaker's collection of Auto ste (Cortina Estate, Granada Estate) and we all laughed at him. These same cars are now changing hand for £4-6k - but were £300 when he had them.
Wondering whether to punt £600 on a nice 1994 Mondeo and keep it nice. Not to make money, but just to buy whilst they're still chips.
What do you think has bottomed out?
The cars that tend to go up are the original, low mileage, mint ones - these rarely drop to the bottom of the price range.
At the sub £1k level if you could find a nice MX5 / MR2 roadster they will go up.
Similarly a nice Alfa etc
Basically you want to buy cars that people will want in the future - I doubt many will want a Mondeo unless it's an ST200 etc
At the sub £1k level if you could find a nice MX5 / MR2 roadster they will go up.
Similarly a nice Alfa etc
Basically you want to buy cars that people will want in the future - I doubt many will want a Mondeo unless it's an ST200 etc
V8RX7 said:
radiodanno said:
I'm not sure I agree. After all, who would have thought in 1999 that people would be queueing up to pay big money for a poverty spec Cortina Estate?
Who is ?I see things like nice old Fords as a hobbie that you are happy to throw your time and money at - the fact they will appreciate over the years is nice, but unlikely to pay back financially IMO.
The money you need to invest in keeping old cars nice will rarely make you money at the back end unless you are playing at the top end?
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