corsasport.co.uk
 

Corsa Sport » Message Board » General Chat » Classic car / investment?


New Topic

New Poll
  Subscribe | Add to Favourites

You are not logged in and may not post or reply to messages. Please log in or create a new account or mail us about fixing an existing one - register@corsasport.co.uk

There are also many more features available when you are logged in such as private messages, buddy list, location services, post search and more.


Author Classic car / investment?
koolkorsa
Member

Registered: 15th Jun 03
User status: Offline
27th Jul 08 at 20:15   View User's Profile U2U Member Reply With Quote

I'm looking at selling my car and having a run of the mill a3 tdi or golf tdi or similar for work (15k miles a year) and then getting something a bit flasher and fun for the weekend. Would get very light use possibly only 2 or 3k miles a year - I'm willing to spned up to 15,000 on it.


Ideally I'd like something that won't depreciate rapidly or even better something that would appreciate in value. Really haven't looked into classic cars before but was looking for some input on what cars may hold their value or appreciate in value? Must also be rare and look special. Any input / ideas would be great.
ainsley_brader
Member

Registered: 24th Mar 02
Location: Tattershall, Lincolnshire
User status: Offline
27th Jul 08 at 20:18   View User's Profile U2U Member Reply With Quote

classis cars can actualy depreciate especially in the currenct climate!
jr
Member

Registered: 20th May 02
Location: Kent
User status: Offline
27th Jul 08 at 20:18   View User's Profile U2U Member Reply With Quote

as ainsley said

but as im here, a RS500, just look at the prices
Robin
Premium Member

Avatar

Registered: 7th Jan 04
Location: Northants Drives: Clio 182 Cup
User status: Offline
27th Jul 08 at 20:19   View Garage View User's Profile U2U Member Reply With Quote

An old Ford, something like an Escort RS2000/Mexico/RS1800/RS1600/Twin Cam, Lotus Cortina, would be my choice for an investment.

They've been steadily going up in value for years with no sign of stopping.

koolkorsa
Member

Registered: 15th Jun 03
User status: Offline
27th Jul 08 at 20:20   View User's Profile U2U Member Reply With Quote

Yes obviously it's not guarenteed that they'll go up in value - I'm not buying one as a investment but would be nice to find something I liked that would hold it's value well. Will have a look at the old fords now cheers robin.
wilson_sri
Member

Registered: 31st Aug 04
Location: Dunfermline Drives: Technics 1210s
User status: Offline
27th Jul 08 at 20:26   View User's Profile U2U Member Reply With Quote

For any car to be a investment it really needs to be bought with very low miles. THen locked away in a carcoon for 10 years plus.
Welsh Dan
Member

Registered: 23rd Mar 00
User status: Offline
27th Jul 08 at 20:36   View User's Profile U2U Member Reply With Quote

A Lotus Esprit?
Theham85
Member

Registered: 29th Nov 06
Location: Brisbane Queensland
User status: Offline
27th Jul 08 at 20:40   View User's Profile U2U Member Reply With Quote

Aye get a mk1 escort, they seem to hold value and they are brilliant wee cars
Robin
Premium Member

Avatar

Registered: 7th Jan 04
Location: Northants Drives: Clio 182 Cup
User status: Offline
27th Jul 08 at 20:40   View Garage View User's Profile U2U Member Reply With Quote

quote:
Originally posted by wilson_sri
For any car to be a investment it really needs to be bought with very low miles. THen locked away in a carcoon for 10 years plus.


Depends what you mean by investment.

I didn't lose any money on my mk1 Golf, it was a better investment than a more modern car.
LeeM
Member

Registered: 26th Sep 05
Location: Liverpool
User status: Offline
27th Jul 08 at 20:42   View User's Profile U2U Member Reply With Quote

escort cosworth gets my vote!
Daniel_Corsa
Premium Member

Avatar

Registered: 21st Apr 04
Location: Wigton, Cumbria
User status: Offline
27th Jul 08 at 20:43   View Garage View User's Profile U2U Member Reply With Quote

E30 M3, they are slowly starting to creep up in value again


April '06' Corsasport Feature Car | Aug '08' Total Vauxhall Feature Car | Spring '09' Fast Car Feature Car
Colin
Member

Registered: 4th Apr 02
Location: Drives a hire car
User status: Offline
27th Jul 08 at 20:45   View User's Profile U2U Member Reply With Quote

A nice clean Escort Cosworth with minimal mods in a good colour should return a good resale, would be fun for the weekends too!!
Colin
Member

Registered: 4th Apr 02
Location: Drives a hire car
User status: Offline
27th Jul 08 at 20:46   View User's Profile U2U Member Reply With Quote

quote:
Originally posted by Daniel_Corsa
E30 M3, they are slowly starting to creep up in value again


Or one of those!! Most seem to be priced higher than 3-4yrs ago!!
LeeM
Member

Registered: 26th Sep 05
Location: Liverpool
User status: Offline
27th Jul 08 at 20:58   View User's Profile U2U Member Reply With Quote

my mums cousin has just bought an e30 m3, is sweet
AK
Member

Registered: 5th Jul 00
Location: Aberdeen City
User status: Offline
27th Jul 08 at 22:11   View User's Profile U2U Member Reply With Quote

while they may go down in value, they dont free fall like a new vaux off the forecourt

I've had the 911 for 3 years now i think. It comes out in the summer, usualy does about 1000miles a year, sometimes less. Its got under 80,000miles on the clock and is pretty much standard. Its starting to need a freshen up. I keep it in a climate controlled bag over the minter months.

All in all its not a bad car for being 27years old. Its needing some expensive work soon though :S New heat exchangers.



I dont think i'll have lost any money on what I paid, but i got it all a pretty cheap 'family' price. Prob worth about 10k now. Was 18k new, have the original sale docs etc.
AK
Member

Registered: 5th Jul 00
Location: Aberdeen City
User status: Offline
27th Jul 08 at 22:29   View User's Profile U2U Member Reply With Quote

my current want are a ferrari 512BBi but they have shot up from 40k to 70 k in a few years I want a ferrari though.

How about a lambo Jalpa? They have interested me before... nice V8



Keep pondering turning my 911 into an RS rep too, but unsure about it. Maybe see if there is need for much work on it... If it needs a bit do it, if not, dont.
RichR
Premium Member

Avatar

Registered: 17th Oct 01
Location: Waterhouses, Staffordshire
User status: Offline
28th Jul 08 at 07:30   View Garage View User's Profile U2U Member Reply With Quote

Lotus Elan; relatively new but the prices have increased year on year for he past 3/4 years
jr
Member

Registered: 20th May 02
Location: Kent
User status: Offline
28th Jul 08 at 08:00   View User's Profile U2U Member Reply With Quote

Like robin said, and going back to fords, there are loads and loads of specalists still, and parts, despite possible cosworth tax, are still cheap

which i dont think can be said for the lambo
aron
Member

Registered: 10th May 07
Location: Ware, Hertfordshire
User status: Offline
28th Jul 08 at 08:26   View User's Profile U2U Member Reply With Quote

mk1 escort mexico / rs1600 or mk 1 lotus cortina

you wouldn't lose money on either imo.
myke
Member

Registered: 7th Feb 01
Location: High Wycombe, Buckinghamshire
User status: Offline
28th Jul 08 at 09:03   View User's Profile U2U Member Reply With Quote

i'd be getting a merc sl450 or something if i was in this position
AK
Member

Registered: 5th Jul 00
Location: Aberdeen City
User status: Offline
28th Jul 08 at 09:46   View User's Profile U2U Member Reply With Quote

Datsun 240Z!
AK
Member

Registered: 5th Jul 00
Location: Aberdeen City
User status: Offline
28th Jul 08 at 09:49   View User's Profile U2U Member Reply With Quote

shite, just realised....

I kinda have two oldtimers on my hands :/

The skyline is 18 years old.
Kerry
Member

Registered: 5th Oct 01
Location: Norwich
User status: Offline
28th Jul 08 at 10:24   View User's Profile U2U Member Reply With Quote

corrado vr6 storm
mk1 lotus elise
old BMW, like a CSL, or a 2002, from the 70's (might be out of price range)

tbh no car is really an investment, you have to find something that for some reason will be sought after in years to come. Plenty of enthusiasts for mk1 escorts as said already

 
New Topic

New Poll

Corsa Sport » Message Board » General Chat » Classic car / investment? 23 database queries in 0.0117080 seconds