£120K to invest. Which classic(s)?
Discussion
If you've missed the boat on Espadas why not go for the baby bull instead...
http://www.tomhartley.com/features/previously_sold...
I would, given half a chance
http://www.tomhartley.com/features/previously_sold...
I would, given half a chance
mike74 said:
Are you confident that the unprecedented asset price bubble blowing economic policies we've witnessed for the last 6-7 years (QE, ZIRP, QE, ZIRP... then just for good measure a bit more QE, ZIRP) are going to continue to such an extent that your investment will prove profitable?
Of course. The value can only go up. How can it fail? Buy any old tat (must be old), and then re-sell with a zero on the end. How about mk1 mondeo with no gaffer tape bumpers?? Last year sierra estate. Rover 25.Renault 19 Coupe. The list is endless...williamp said:
Of course. The value can only go up. How can it fail? Buy any old tat (must be old), and then re-sell with a zero on the end. How about mk1 mondeo with no gaffer tape bumpers?? Last year sierra estate. Rover 25.Renault 19 Coupe. The list is endless...
As I've already said elsewhere on here (Overpriced Cars thread)... We are living in extraordinary times.... hundreds of years from now students of economics, politics, sociology and probably even psychology will be studying and analysing the events of the early part of the 21st Century and trying to make sense of just what the hell had got into everyone? mike74 said:
williamp said:
Of course. The value can only go up. How can it fail? Buy any old tat (must be old), and then re-sell with a zero on the end. How about mk1 mondeo with no gaffer tape bumpers?? Last year sierra estate. Rover 25.Renault 19 Coupe. The list is endless...
As I've already said elsewhere on here (Overpriced Cars thread)... We are living in extraordinary times.... hundreds of years from now students of economics, politics, sociology and probably even psychology will be studying and analysing the events of the early part of the 21st Century and trying to make sense of just what the hell had got into everyone? You're on a car forum and posting on this thread. I'm not exactly going mad on expenditure levels. Is that fence hurting your arse?
P5BNij said:
If you've missed the boat on Espadas why not go for the baby bull instead...
http://www.tomhartley.com/features/previously_sold...
I would, given half a chance
I was up there a couple of weeks ago and saw that, the colour combo just looked so right.http://www.tomhartley.com/features/previously_sold...
I would, given half a chance
The Surveyor said:
Coming to the market soon and will leave you some change.......
Seriously though, 'nice' older Ferrari have gone beyond normal money and you need to be looking at other Italian Exotica such as Maserati, and ISO, or stick with rare 911 models IMHO
After the latest CS&C article I agree. Thanks for the positive!Seriously though, 'nice' older Ferrari have gone beyond normal money and you need to be looking at other Italian Exotica such as Maserati, and ISO, or stick with rare 911 models IMHO
You're VERY unlikely to actually make any kind of worthwhile return after all costs have been taken into account, unless you're lucky in a favourable market. And that last bit is questionable.
If you want an investment, invest it.
If you want cars, buy what you WANT to own and drive.
The most sensible answer is probably a bit of both - invest some, buy cars with some.
If you want an investment, invest it.
If you want cars, buy what you WANT to own and drive.
The most sensible answer is probably a bit of both - invest some, buy cars with some.
trackdemon said:
Buy some NSX.... if you can find one. New one only elevating interest in the increasingly rare original...
This. bonus is that they are stunningly good to drive for a 25 year old car.But I am a little biased
for £120k, I'd probably stretch a bit and buy a 430 Scuderia - look at prices compared to the 360CS and 458 Specialie and they seem a bargain.
Hi Ali
I think people on this forum are trying to protect your interests - they're not being negative. It's the word 'invest' that sets alarm bells ringing.
My aim is to enjoy old cars for as little outlay as possible when you take the whole equation into account (buying, running, selling). I don't like losing money, but I'm not looking for a material gain either - I just want to experience them for as close to 'free' as possible. Over the last 30 years I've pretty much achieved this.
If you have £120k to 'spend' and adopt the attitude above there are lots of interesting possibilities out there, starting with The Surveyors Mexico! A bit 'left field' but very rare, very desirable and very well restored and documented (on this forum). All in all a wonderful car.
Staying with the Italian theme, if you take a long term view a Ferrari 308 is a possibility. A dry sump steel GTB has certainly rocketed in value recently, but it is still less than half the price of a Dino. They are great to look at and great to drive. There are plenty of people out there that can look after them as well without breaking the bank.
Take a totally different tack and you have the Citroen DS. Again, these have shot up in value, but it's such a seminal car that the very best ones will always be worth strong money. This will give you a totally different experience to the 911s.
Move forward nearly 40 years and you have the Quattro, another ground breaker. These can be a bit underwhelming if you just potter about in them, but press on a bit and they are astonishingly good with a fantastic sound track. Four seats too! I doubt that these will sink much in value even if the classic car market takes a dive.
There are a whole raft of great cars out there that if you buy the best and buy it sensibly (not at a testosterone filled auction) you can have your cake and almost eat it, but 'investing' might be too strong a word. If you can live with that, then buy with your heart and your head. Use you heart to decide what you really want to own - only you can come up with that list. Then use your head to find the right car - do your research, take your time and actually enjoy the search, don't put yourself under time pressure.
Hope that helps.
I think people on this forum are trying to protect your interests - they're not being negative. It's the word 'invest' that sets alarm bells ringing.
My aim is to enjoy old cars for as little outlay as possible when you take the whole equation into account (buying, running, selling). I don't like losing money, but I'm not looking for a material gain either - I just want to experience them for as close to 'free' as possible. Over the last 30 years I've pretty much achieved this.
If you have £120k to 'spend' and adopt the attitude above there are lots of interesting possibilities out there, starting with The Surveyors Mexico! A bit 'left field' but very rare, very desirable and very well restored and documented (on this forum). All in all a wonderful car.
Staying with the Italian theme, if you take a long term view a Ferrari 308 is a possibility. A dry sump steel GTB has certainly rocketed in value recently, but it is still less than half the price of a Dino. They are great to look at and great to drive. There are plenty of people out there that can look after them as well without breaking the bank.
Take a totally different tack and you have the Citroen DS. Again, these have shot up in value, but it's such a seminal car that the very best ones will always be worth strong money. This will give you a totally different experience to the 911s.
Move forward nearly 40 years and you have the Quattro, another ground breaker. These can be a bit underwhelming if you just potter about in them, but press on a bit and they are astonishingly good with a fantastic sound track. Four seats too! I doubt that these will sink much in value even if the classic car market takes a dive.
There are a whole raft of great cars out there that if you buy the best and buy it sensibly (not at a testosterone filled auction) you can have your cake and almost eat it, but 'investing' might be too strong a word. If you can live with that, then buy with your heart and your head. Use you heart to decide what you really want to own - only you can come up with that list. Then use your head to find the right car - do your research, take your time and actually enjoy the search, don't put yourself under time pressure.
Hope that helps.
Suffix a Range Rover. Prices on these are going up. CSK versions are also very desirable if you can find one, or a nice early e-type. They just never go out of fashion with regards to owning a classic car. Both the mentioned cars are relatively cheap to maintain and service with parts readily available.
For relative beer money modern classics, the best you can find 8-series BMW, Clio V6 Mk1, MK1 Focus RS, Sierra Cosworth, Alfa 156 GTA, Alfa SZ, Delta Integrale EVO or R34 Skyline GTR. All should appreciate if 100% original.
Not sure how much one costs, but I think a Gallardo Balboni ( the 2WD version named after the test driver) will be a surefire classic.
Not sure how much one costs, but I think a Gallardo Balboni ( the 2WD version named after the test driver) will be a surefire classic.
Gassing Station | Classic Cars and Yesterday's Heroes | Top of Page | What's New | My Stuff