£18-20k, what investable car would you have?
Discussion
This kind of question has been asked a few times recently.
If you want ~£20k to grow over a few years, don't buy a car. Especially now, when even things that have been going up seem to be going down.
Even if you are lucky and buy something that appreciates - the amount it goes up in a few years is unlikely to be more than the cost of running it.
If you want ~£20k to grow over a few years, don't buy a car. Especially now, when even things that have been going up seem to be going down.
Even if you are lucky and buy something that appreciates - the amount it goes up in a few years is unlikely to be more than the cost of running it.
Depends on how much you were going to drive it. Anything driven more than a couple of thousand miles a year will not really generate much return in the long run.
If I was going to buy something to garage and take out occasionally when the weather's nice then it would probably be a Focus RS. Completely standard. But that would be a waste of a car.
If I was going to buy something to garage and take out occasionally when the weather's nice then it would probably be a Focus RS. Completely standard. But that would be a waste of a car.
Lotus Elise.
If you can find a good S1 then that would be the safest but if not then S2 111R.
I bought a 2016 S3 Elise 220 Cup 2 years ago for £37k and they are still selling for similar money now in the dealers. It has the big aero kit on it so is a rarity over the new ones when Lotus took most of it off to save money.
If you can find a good S1 then that would be the safest but if not then S2 111R.
I bought a 2016 S3 Elise 220 Cup 2 years ago for £37k and they are still selling for similar money now in the dealers. It has the big aero kit on it so is a rarity over the new ones when Lotus took most of it off to save money.
Why should any of these cars appreciate?
A Cayman - why would that go up in the next few years? The Elise which will sell for the same as you bought it two years ago also hasn't gone up.
I agree that some cars don't depreciate - I tend to target cars like that myself. But cars that are going to appreciate in the next few years that cost £20k are much harder to find I think.
A Cayman - why would that go up in the next few years? The Elise which will sell for the same as you bought it two years ago also hasn't gone up.
I agree that some cars don't depreciate - I tend to target cars like that myself. But cars that are going to appreciate in the next few years that cost £20k are much harder to find I think.
I would buy the best lupo gti i could (with low mileage) in any colour other than the 2 silvers for around 6-7k
I would also buy the cleanest mk1 TT 240 quattro sport i could find in any colour other than silver or black. 8-9k
I would hope they would appreciate in the next 5-10 years but im not sure this is what cars are about.
As the poster above mentions not losing money would be more my bag.
I would also buy the cleanest mk1 TT 240 quattro sport i could find in any colour other than silver or black. 8-9k
I would hope they would appreciate in the next 5-10 years but im not sure this is what cars are about.
As the poster above mentions not losing money would be more my bag.
Firstly you have to be prepared to lose money, the car market can be fickle & if you want to cash out at the wrong time you may take a bath so your 20k car may end up being worth 10-15k, if you cant afford to take that kind of hit then don't buy a car put it towards a deposit on a rental home.
davek_964 said:
Why should any of these cars appreciate?
A Cayman - why would that go up in the next few years? The Elise which will sell for the same as you bought it two years ago also hasn't gone up.
I agree that some cars don't depreciate - I tend to target cars like that myself. But cars that are going to appreciate in the next few years that cost £20k are much harder to find I think.
Because the flat 6 and the Caymans drivers car reputation may mean they appreciate gradually, I remember looking at 968 clubsports and a 911 club sport which are both now worth many multiples of figures from 15 years ago. A Cayman - why would that go up in the next few years? The Elise which will sell for the same as you bought it two years ago also hasn't gone up.
I agree that some cars don't depreciate - I tend to target cars like that myself. But cars that are going to appreciate in the next few years that cost £20k are much harder to find I think.
bennno said:
davek_964 said:
Why should any of these cars appreciate?
A Cayman - why would that go up in the next few years? The Elise which will sell for the same as you bought it two years ago also hasn't gone up.
I agree that some cars don't depreciate - I tend to target cars like that myself. But cars that are going to appreciate in the next few years that cost £20k are much harder to find I think.
Because the flat 6 and the Caymans drivers car reputation may mean they appreciate gradually, I remember looking at 968 clubsports and a 911 club sport which are both now worth many multiples of figures from 15 years ago. A Cayman - why would that go up in the next few years? The Elise which will sell for the same as you bought it two years ago also hasn't gone up.
I agree that some cars don't depreciate - I tend to target cars like that myself. But cars that are going to appreciate in the next few years that cost £20k are much harder to find I think.
But I wouldn't include a Boxster with a tin roof in that group. Still, maybe I'm wrong - I wouldn't buy one though.
Phil Dicky said:
Most TVRs.... everyone I've had is worth 5K more than I paid.
In my experience they only go up after you have sold them and when you are looking to buy one...........I see people mentioning cars that are likely to hold their value rather than cars that will appreciate.
There is a simple reason for this. If anyone could be sure which cars will appreciate then everyone would be buying them. The reality is that cars make a crap investment, especially as they need maintenance even just to hold their value., so you have to factor in maintenance as a cost, and deduct it from any growth in value
Edited by blueg33 on Tuesday 4th June 15:41
One of these may stand a chance of appreciating a little over the next few years will others getting into the wrong hands, knackered engines etc.
It's certainly the right spec and colour combination and the mileage is also good.
https://www.autotrader.co.uk/classified/advert/201...
It's certainly the right spec and colour combination and the mileage is also good.
https://www.autotrader.co.uk/classified/advert/201...
boobles said:
Good call. Will definitely stand a better chance than a Cayman/Boxster.Edited by SWoll on Tuesday 4th June 18:56
ZX10R NIN said:
Firstly you have to be prepared to lose money, the car market can be fickle & if you want to cash out at the wrong time you may take a bath so your 20k car may end up being worth 10-15k, if you cant afford to take that kind of hit then don't buy a car put it towards a deposit on a rental home.
I think thats exactly it. I see far too many cars that are supposedly "worth" this sort of money but sit and sit for months with no takers, only to have to be sold at some point for a knock down price if the person needs it away.Gassing Station | Car Buying | Top of Page | What's New | My Stuff