Cars in the financial doldrums that we should embrace now

rockits

rockits

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9,180
Not sure my 2 owner 72k mile Hyundai Coupe V6 Manual will depreciate more at buy price £640! Won't be too many around in good nick soon.

All electrics all fixed now as well. Dodgy earth connection into BCM all working for fix costing £0

The 206 GTi 180 isn't as good as the 306 GTi-6 but still good fun and nicely garaged.

d99d54bd9d3fe21ec9e3334a3e5f0e29.jpg
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Nayf

Nayf

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Messages
2,753
Lavazza said:
964 Carrera, surely not, they flew years ago!
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You’d think so, but they’ve dipped quite severely.
The estimates on these seem fairly reasonable considering the previous overheating in the Porsche market...
www.classiccarauctions.co.uk

1990 Porsche 911 (964) Carrera 4

A C16, UK-supplied, four-wheel-drive 964 Coupe in a simply striking colour combination.
www.classiccarauctions.co.uk www.classiccarauctions.co.uk
 
Lavazza

Lavazza

Member
Messages
1,060
Nayf said:
You’d think so, but they’ve dipped quite severely.
The estimates on these seem fairly reasonable considering the previous overheating in the Porsche market...
www.classiccarauctions.co.uk

1990 Porsche 911 (964) Carrera 4

A C16, UK-supplied, four-wheel-drive 964 Coupe in a simply striking colour combination.
www.classiccarauctions.co.uk www.classiccarauctions.co.uk
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At £25-30k, plus 11% commission is OK I guess.

But I bought a 964 C4 Coupé for £19k and sold to the trade for £15k (mint and low miles), and bought a 993 C2 Coupé for £30k.

I also had a Mk1 996 GT3 CS with v low miles which I bought for £40k.

How times have changed.
 
Oneball

Oneball

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Messages
11,130
Lavazza said:
At £25-30k, plus 11% commission is OK I guess.

But I bought a 964 C4 Coupé for £19k and sold to the trade for £15k (mint and low miles), and bought a 993 C2 Coupé for £30k.

I also had a Mk1 996 GT3 CS with v low miles which I bought for £40k.

How times have changed.
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I remember looking at the Porsche U.K. 993 Turbo press car and thinking it was a bit tatty for £27k

74578
 
Lavazza

Lavazza

Member
Messages
1,060
The Audi TT is no more, so how about the Mk1?

Late last year I bought a Quattro Sport (built by Quattro GmbH), I think it's a great car for very little in the big scheme of things.

A smart regular Mk1 is really cheap, and they look terrific, in my eyes anyway.
 
dgmx5

dgmx5

Member
Messages
1,142
So we seem to be suffering from a case of RTFQ?

The challenge is to pick, at today's prices, a car that hits that sweet spot of something special (it need not be powerful, but needs to have that je ne sais quoi) at a price that will probably never be repeated (i.e. it is at the bottom of the depreciation curve now)?

RX-7s, Skylines, Supras have all flown that nest by 5-10 years, as have Clio V6s, Exige S1s and plenty of others.

Sorry @rockits , the Hyundai Coupe may be cheap today but it is not special enough. The GTi-6 on the other hand is a credible shout. I suspect there is a Clio or Fiesta ST variant that has now hit the bottom that should be considered.

Do 456s qualify anymore or are they now on the rise?

I doubted that a V10 R8 manual would be sub-£50k yet, and I was wrong, but I think it must still have some way to go.

And to focus the minds, I am looking at a sub-£5k, sub-£10k, sub-£20k and sub-£50k (if you must on the last one) categories.

But a car that was once a sub-£5k is, by definition of not being anywhere near the bottom of its depreciation curve, not a contender today for the sub-£50k category; hence nearly all things Japanese will be ruled out.

So let's try again.
 
Lavazza

Lavazza

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Messages
1,060
Bentley Continental GT, super cheap to buy... but I expect running costs are high, and volumes may mean any lift will be slow.
 
Oneball

Oneball

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Messages
11,130
Lavazza said:
How about this, I've been tempted by race cars recently...
collectingcars.com

2002 FERRARI 360 MODENA CHALLENGE - LHD

An ideal entry route for an enthusiast who is looking to campaign a Ferrari for the first time, but could equally just be used for exciting track days.
collectingcars.com collectingcars.com
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Im not sure how it’ll impact its future value but the reason for its perceived cheapness is that they weren’t homologated so couldn’t run at Le Mans, World Sportscar etc.

This is a trick Porsche learnt and their Carrera Cup cars are all homologated in GT3 so you can do their one make championship and take the same car to Le Mans.

Having said that. For about the same as my Vette is costing me it seems a bit of a bargain.
 
Lavazza

Lavazza

Member
Messages
1,060
Oneball said:
Im not sure how it’ll impact its future value but the reason for its perceived cheapness is that they weren’t homologated so couldn’t run at Le Mans, World Sportscar etc.

This is a trick Porsche learnt and their Carrera Cup cars are all homologated in GT3 so you can do their one make championship and take the same car to Le Mans.

Having said that. For about the same as my Vette is costing me it seems a bit of a bargain.
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I've also come very close to pulling the trigger on a 996 GT3 Cup, and might yet. Always wanted one.
 
schell70

schell70

Member
Messages
314
Has anyone contemplated who will actually be buying these cars in the future? I hate to say but I'm concerned (not necessarily financially) that the market will die as the snowflakes and millenials become the consumers. Maybe not in 10yrs but for sure in 20yrs. I don't know many young people that have an interest in cars anymore other than as a means to get from A to B - half of the under 25's I know can't even drive!

As much as I try to interest my tweens its just not happening.

I might be wrong but look at the demographic of who attends shows/racing/events etc. - maybe JDM will save it but who knows!

Hopefully that means I can have a blower Bentley when I'm 70 but who knows - when I was young (sigh) I was car mad (still am) and spent all my time flipping cars and working on them - I honestly don't see the young doing this now - all of my mates were doing it at the time.

Capri 2.8i, XR2, Mirafiori Sport (Orange one!) - MGB, Mk1 Scirocco, Cortinas, Hillman Imp and that was before I was 21.

I really hope I'm wrong :oops:
 
Motorsport3

Motorsport3

Member
Messages
887
schell70 said:
Has anyone contemplated who will actually be buying these cars in the future? I hate to say but I'm concerned (not necessarily financially) that the market will die as the snowflakes and millenials become the consumers. Maybe not in 10yrs but for sure in 20yrs. I don't know many young people that have an interest in cars anymore other than as a means to get from A to B - half of the under 25's I know can't even drive!

As much as I try to interest my tweens its just not happening.

I might be wrong but look at the demographic of who attends shows/racing/events etc. - maybe JDM will save it but who knows!

Hopefully that means I can have a blower Bentley when I'm 70 but who knows - when I was young (sigh) I was car mad (still am) and spent all my time flipping cars and working on them - I honestly don't see the young doing this now - all of my mates were doing it at the time.

Capri 2.8i, XR2, Mirafiori Sport (Orange one!) - MGB, Mk1 Scirocco, Cortinas, Hillman Imp and that was before I was 21.

I really hope I'm wrong :oops:
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Its definitely a fair question to consider. I agree that new generations are not into old car as much as previous. My expectation is that as production of interesting ICE car dies out and progressive use of available stock takes cars demand will match the supply (not necessarily linearly). My other hope is that electric conversions of previous ICE car becomes cheaper. An electric car based on a QPV would be great. If only the conversion cost was not into the 100+k and closer to the cost of a new tesla 3...
 
Oneball

Oneball

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Messages
11,130
I don’t think it’s a lost cause. Classic cars have become very trendy.
I followed an MGB into a car park the other day fully expecting Terry and June to get out and it was a 20 something Shoreditch beardy weirdy.
 
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