Unearthing future classic cars has recently become a leading investment strategy for shrewd middle aged petrol-heads looking to increase their bank balance without the stress of buying annuities, where the deal is a gamble on life expectancy.
Automotive data company hpi has compiled a list of vehicles which it thinks could prove to be future classics.
Motoring expert Clive Wilson identifies ten cars that are relatively cheap to acquire, are holding their values and could potentially become future collectors’ items, representing a potentially good buy for people willing to make an investment.
The list below includes some proven solid classic earners, such as the BMW Z3 and Peugeot 205 GTi, but like most things has some notable hand-grenades thrown into the eclectic mix.
Classic Cars – Delighted Owners
Classics can both under and over perform, as this original Peugeot 205 GTI proved giving it’s delighted owners an accelerated blood rush when a record auction price of £38,475 at Silverstone Auctions classic sale was achieved.
hpi’s future classics list and current value ranges:
|Vauxhall VX 220||£9000 –||£13000|
|Peugeot 205 GTi||£4000 –||£9000|
|Audi TT MKI 3.2||£3000 –||£6000|
|BMW Z3||£1500 –||£6000|
|Citroen C6||£4000 –||£8000|
|Rover Mini||£3000 –||£8000|
|Alfa Romeo GTV||£1000 –||£6000|
|Nissan Cube||£2000 –||£5000|
|Mazda RX8||£500 –||£3000|
Clive Wilson commented:
“Classic cars have shot up in value over the last few years and in many cases represent a great investment opportunity.
“Classics in particular are snapped up by collectors and enthusiasts, so prices are constantly on the rise. The trick is how best to spot trends before they take place and maybe even try to redefine what is actually recognised as a classic. Future classics don’t necessarily have to be decades old, luxurious or expensive to begin with. Values of the Vauxhall VX 220 and Westfield sportscar have risen consistently over the past few years and worth keeping an eye on as we believe they will continue to rise in value.
“Whether it’s a particularly interesting or unusual design feature or has an element of engineering integrity behind it, picking up an affordable car now could potentially provide a healthy return on the original investment as it takes on classic status.”
It is worth remembering a ‘great investment opportunity‘ can soon become bottomless pit of good after bad money if certain attention to detail is not carefully adhered to.
hpi offers an online vehicle valuations service to give consumers the ability to buy and sell cars with utmost confidence offering them the inside view on the total cost of ownership of a vehicle during its lifespan along with precise depreciation figures.
The hpi valuations tool available at www.hpi.co.uk is aimed at consumers buying and selling cars in the used car market and minimises the risks that can see consumers paying over the odds or not getting the best-asking price.