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Author: Subject: what car would you invest in.
bi22le

posted on 11/2/16 at 08:18 PM Reply With Quote
what car would you invest in.

Many people have earned good money from investing in cars. Sone nearly doubling in value in 10 years.

Something that common finance investment just cant match unless closely managed.

So I put a challange to the LCB collective.

Budget of 3k and 5 year return. What would you buy?

As a starter, I am thinking MG BGT

[Edited on 11/2/16 by bi22le]





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twybrow

posted on 11/2/16 at 08:23 PM Reply With Quote
A decent Pug 205 GTi would be a safe bet. Or a classic Impreza Turbo?
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emwmarine

posted on 11/2/16 at 08:37 PM Reply With Quote
quote:
Originally posted by bi22le
Many people have earned good money from investing in cars. Sone nearly doubling in value in 10 years.

Something that common finance investment just cant match unless closely managed.

So I put a challange to the LCB collective.

Budget of 3k and 5 year return. What would you buy?

As a starter, I am thinking MG BGT

[Edited on 11/2/16 by bi22le]


3k isn't really a budget.

I think to get a classic as an investment you need to get a good example and keep it that way.

I've got a GT6 which it would be nice if it acted as an investment but to be honest is just nicer than seeing the money going down in value in the bank.

If you're looking at MGB GTs I would look to a budget of 9 - 10 K and get a very good one.





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Ugg10

posted on 11/2/16 at 08:49 PM Reply With Quote
had a Fury which I sold and two years ago went for a heavily modified Anglia, now nearing completion. The price of classics seems to have risen sharply over the past year or so, and not just Mk1 Escorts. So, at 3k getting a nice classic may be tight or need a bit of tidying - I would try an A40 farina, you may possibly pick up a 100e, maybe a spitfire or an Anglia 103e (cheaper than a pop). MGB is likely to be a rubber bumper at that price.

Remember if it is pre 1960 there is currently no MOT or Tax requirement.

this looks nice - bit over budget but -

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morcus

posted on 11/2/16 at 08:50 PM Reply With Quote
For small money your best bet would be to buy something that was common and is starting to disappear but hasn't yet become collectable, though you'd probably want to keep it longer than 5 years.

Using my own logic I would be looking for decent examples of Rovers as a lot of them are probably as cheap as they'll ever be and I think there may be a few one retired owner from new 75s still knocking about that won't be much money.





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britishtrident

posted on 11/2/16 at 09:01 PM Reply With Quote
If you fancy a gamble for £500 to 1000 or so then look for a Rover 800 Vitesse Turbo Sport ---should land a pristine one in that price range

For a bit more look for an MG TF but only an immaculate one

If you had more still 5k you could find a decent FWD Lotus Elan M100





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Wadders

posted on 11/2/16 at 09:02 PM Reply With Quote
I'm with ewemarine, unless your incredibly lucky a 3k MGB will be a pile of tat, and in 5 years it will still be a 3k pile of tat. In 50 years it might be worth something......but never loads as too many were made.

Trick with classics is to have a crystal ball and buy something that no one has cottoned on to yet. I saw a quote the other day about classic bikes which went along the lines of " you never pay too much for a classic, but you can pay too early" wise words really.

With 3k to play with, you might be better looking at bikes, 70's Japanese stuff could be just about in budget.

As for your double in 10 years statement, my mate bought a very tidy Jenson interceptor roughly 10 years ago for 12.5k, he turned down an offer of £75k for it the other week......

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bi22le

posted on 11/2/16 at 09:10 PM Reply With Quote
I like the idea of a bike but I can't ride it as I don't have a licence. Easier to store though.

I would like to use and enjoy it in the summer, then wrap it up for the winter. 500 miles a year





Track days ARE the best thing since sliced bread, until I get a supercharger that is!

Please read my ring story:
http://www.locostbuilders.co.uk/forum/13/viewthread.php?tid=139152&page=1

Me doing a sub 56sec lap around Brands Indy. I need a geo set up! http://www.youtube.com/watch?v=EHksfvIGB3I

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Irony

posted on 11/2/16 at 09:11 PM Reply With Quote
A few years ago a triumph stag would have been good but now a good one will be 10-15k. I might go for a good Triumph Spitfire.
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02GF74

posted on 11/2/16 at 09:14 PM Reply With Quote
For mgb, youd need min 6k for decent condition unless you plan to restore. Mg midget or triumph spitfire may just be in budget.

Mr2 turbo? Volvo 850 t5 or r?

S2000? <<< scrub that, outa budget.

Ford capri?

Early vw golf?

Kawasaki z1000?

Alfa 159

[Edited on 11/2/16 by 02GF74]






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Doctor Derek Doctors

posted on 11/2/16 at 09:23 PM Reply With Quote
You need something that nobody really appreciates at the moment so hardly anyone will save them. Also if it has a good motorsport pedigree, or a bit of heritage or a good back story it will help.

Last year I picked up an Alfa 155 2.0TS Sport for £300, there are only a couple of hundred (of any type) left in the country now and only about 50 2.0 Widebodies. I think as my generation mature they will become sougth after due to people fondly remembering mid-nineties BTCC.

Actually there's the answer, mid-90's 2.0 saloons that were in the BTCC, Cav' GSI would surely be a good start.





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Hellfire

posted on 11/2/16 at 09:30 PM Reply With Quote
Alfa Romeo Spider 3.0 V6. Might have to increase your budget slightly though........

Phil






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mark chandler

posted on 11/2/16 at 09:45 PM Reply With Quote
Classic ford, XR3i should hold its value and creep up.

Nicer to get something a bit special, XK8's have just bottomed out and are starting to turn, very nice cars I ran one for a couple of years.

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james h

posted on 11/2/16 at 10:04 PM Reply With Quote
Mercedes 190E 2.3-16.

They are attainable for £5k and they're only going up! Parts from MB aren't always as dear as people think either.

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morcus

posted on 11/2/16 at 10:21 PM Reply With Quote
you could try to find a car that's very rare but not particularly valuable and then buy all of them, then they're worth what ever you say they are.





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Sam_68

posted on 11/2/16 at 10:50 PM Reply With Quote
quote:
Originally posted by emwmarine
3k isn't really a budget.



This.

...but at £3K, I'd maybe be looking at a decent, special edition Mk. 1 MX5, a Smart Roadster or a Mk. 3 MR2, especially if you intend to drive the thing. Probably already missed the boat on the Mk1. MR2, at that price level.

If you were really lucky, you might find a serviceable M100 Lotus Elan for not much more than that, and if you were really brave you might consider a 'wedge' Lotus Elite, whose time may yet be to come if the '70's become trendy again. Ditto Fiat X1/9, but they're already rising in price at the rate where your budget will only buy you a rotbox.

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Volvorsport

posted on 11/2/16 at 10:57 PM Reply With Quote
import a volvo 242 GT from oz for 3k......

prices will never go down for a car never offered in this country .....

if I just wanted to sit on some money , and make a bit in 5 years , then it would be a Merc SL.....

and as has been said already , anything with a pedigree in motorsport will always have its followers...





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Adamirish

posted on 11/2/16 at 11:33 PM Reply With Quote
Honestly? I'd buy a ford puma or 2. You can buy them for peanuts at the moment. But over some forums they are going mad for them. I genuinely think that in 5 years time a good one will only go up in value.

They are rusting away at a rapid rate so in a few years time only the good ones will be left.

I may actually put my money where my mouth is.

Also the classic Impreza turbo would be a good shout. You don't actually see that many around anymore. Well, not like you used to anyway. The 3 door cars have rocketed in value so a good 4 door will be the next best thing. A couple of years ago I was very close to buying a V5 STi typeR. Fresh import, 60K KM's for £5000. That same car now is worth nigh on double that. Hindsight is a wonderful thing!





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cliftyhanger

posted on 12/2/16 at 07:48 AM Reply With Quote
Always a gamble, and taking into account maintenance etc often not great investments. But far more fun than a savings account.
Something that was a "poster" car when first about is important. So the good hot hatches are a safe bet. But many are already climbing in value. Sporting ford stuff, but MUST have an RS badge for real potential, but the XR should be OK. And intergalactic mileage is a no-no, full history a must.

Otherwise the classics. GT6's have been shooting up in value, TR's (though not yet 7's) have doubled or more in 10 years.
Here choose something that will appeal to people who will be getting a fat pension pot.

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jelly head

posted on 12/2/16 at 08:05 AM Reply With Quote
Suzuki Cappuccino?

Bit left field and probably not in the public consciousness enough but a good one might just drop in your budget and they're getting thin on the ground now

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cliftyhanger

posted on 12/2/16 at 08:36 AM Reply With Quote
how about a landrover? not sure what 3k buys though. Useful motor too. And cool.
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nick205

posted on 12/2/16 at 08:44 AM Reply With Quote
quote:
Originally posted by twybrow
A decent Pug 205 GTi would be a safe bet. Or a classic Impreza Turbo?



For me a 205 GTI represents a good investment. They're going up in value and I believe will continue to do so. They're great fun to own and drive. They're practical for up to 5 people. At an older age they're reasonable to insure etc. £3k should get you a good one as well.






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nick205

posted on 12/2/16 at 09:29 AM Reply With Quote
quote:
Originally posted by james h
Mercedes 190E 2.3-16.

They are attainable for £5k and they're only going up! Parts from MB aren't always as dear as people think either.


Great cars IMHO, I remember when they came out! At the time my best friend lived in Germany near the MB factory and whilst staying with him one year his Dad took us for the MB factory tour - a good day out IIRC.



[Edited on 12/2/16 by nick205]

[Edited on 12/2/16 by nick205]






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loggyboy

posted on 12/2/16 at 09:37 AM Reply With Quote
Clio Trophy? only 500 made, best production version of the best hot hatch in recent years. Pretty niche car, but IMO will be a genuine collectable classic.
5k would get a mint low miler

But with any car thats being purchased as an investment, unless its one that needs work (so the investment/clawback is made with time and effort) to keep/add to its value it would need to be locked away to keep mileage down and keep it mint. If not, there's no guarantee you will see any sizeable return.

**Edit - mis read budget and times scales (I thought budget was 3-5, with no time scales)
- I dont think 3k will get you much return. Not in 5 years.


[Edited on 12-2-16 by loggyboy]





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nick205

posted on 12/2/16 at 09:46 AM Reply With Quote
Given savings interest rates and the time/effort involved in usual financial investments a car could be a good investment. As above, the space to dry store and work on it is a bonus and can really help make it worthwhile. Hand't considered a Clio as I'm not a Renault kind of a guy, but I can see them rising in value.






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