cars worth ten times there original purchase price

[cahami]

We have all seen the adverts of say 1959 minis for 15k so that is 30 x the original price
but we also know that an allegro no matter how old it gets is never going to reach that status, So what is the formula will mk1 mx5s be worth 140k on their 50th birthday?
Cannot edit title their/ there

Edited by cahami on Tuesday 25th February 01:45

[Slidingpillar]

There's no simple answer. The older a car gets, the greater the likelihood of it being worth more money, and whether there is a racing reason as well - that's why Escort prices have jumped.

My vintage car is perhaps worth 270 times the original price but had you put the money in bricks and mortar, the return would be better still.

[mcflurry]

Slidingpillar said:

My vintage car is perhaps worth 270 times the original price.

As long as it wasn't £2 when new

[grumpy52]

Many sporty type cars from the 1940/50/60s are worth over ten times the original purchase price .
Many were hundreds of £s when new so £600 when new in the 50s can reasonably be worth £6000 now
Ferrari Dino in the 80s worth £10k if very lucky now worth £140k maybe
Aston Martins ? Oh to have a stash of DB4/5/6s
If only we could predict !

[SESH]

A fairly decent early E Type Series 1 3.8 cost about £2,000 in 1961 now worth over 50 times that price with prices north of £100,000.

[srob]

Don't think the next chapter will mirror the last one though, as so many people are 'savvy' now. People are thinking about what will be valuable in the future and collecting things in anticipation

That wasn't the case back then so things are rare/valuable/desirable now.

[mfmman]

A mark 1 Escort RS2000 cost £1441 in 1974 (I paid much the same for mine in 1989)

£15k is realistic now for a good useable car, prices do vary wildly though to say the least

[Shaoxter]

Kind of meaningless without adjusting for inflation.

According to an online inflation calculator £1 in 1950 is worth £25 today.

[tortop45]

Shaoxter said:

Kind of meaningless without adjusting for inflation.

According to an online inflation calculator £1 in 1950 is worth £25 today.

Or even the loss of buying power of the pound which is the same thing anyway,youve just got to look at the price of petrol since 2008 to today it looks like petrol has got more expencive ,like double what it was but no ,your pound has lost 50% of its value..........

[POORCARDEALER]

Lamborghini Miura is worth 50 x at least its original price

[Welshbeef]

srob said:

Don't think the next chapter will mirror the last one though, as so many people are 'savvy' now. People are thinking about what will be valuable in the future and collecting things in anticipation

That wasn't the case back then so things are rare/valuable/desirable now.

Everything is cyclical.

Remember the 80/90's classic car bubble and then bang house of cards.... Then 15-20 years later its doing the same.

[wibble cb]

It also depends on the audience, as buyers age, perferences change, and cars that were perhaps once popular can fall out of fashion ( a lot of american iron is losing value compared to 10yrs ago as todays buyers are not as interested in the cars).

As said, its damn tricky predicting.

[srob]

Welshbeef said:

srob said:

Don't think the next chapter will mirror the last one though, as so many people are 'savvy' now. People are thinking about what will be valuable in the future and collecting things in anticipation

That wasn't the case back then so things are rare/valuable/desirable now.

Everything is cyclical.

Remember the 80/90's classic car bubble and then bang house of cards.... Then 15-20 years later its doing the same.

What I really meant is that there are far more people collecting and stashing cars/bikes they think will be valuable away now than there was when what's now valuable did when they were cheap.

In the bike world you occasionally see 'zero milers' - bikes left in their crate in the sixties/seventies and never used. These command a premium amongst collectors now (gawd knows why but that's a different discussion!) so there's loads of people who have now done the same thing with current bikes, assuming they'll rocket in value as the old ones that are being sold now have. The fact is though that probably 100 times as many bikes will have been kept, which will affect their value as there will be more choice and competition for sales.

People are savvy to 'future collectables' now which wasn't the case in the past when people were burying bikes rather than pay the scrappy to take them away etc. This means that there will be more kept and so there will be less rare models.