Okay so the future classic cars or how to make a million title grabbed your attention as we all want to make a million pounds, dollars, yen or whatever your currency of preference is – well except for lower value currencies like the Vietnamese Dong as that’s just 30 quid!
Seriously though and getting back to the point – you may be able make a million pounds if you can tick all these boxes:
- You have a big barn or two
- You have / can raise about £200k – £300k capital
- You have about 10-15 years to wait
So for the brighter ones amongst you; you”ve probably guessed it. I’m talking about buying stuff, holding onto it during a price rise and selling it years later for a profit.
Good classic cars investments
Good classic car investments are vehicles that are predicted to rise significantly and become “future classics“, i.e. low value now but high value future. For example, if we could go back in time just 20-30yrs ago I think we’d all raise the cash to buy as many Jaguar E-Types as we could for the sub £5k mark – just think of what that would have yield!
But the Jaguar E-Type is not the only car to have risen massively in price and it won’t be the last. Also, whist property will always be a good long-term investment, it’s not doing very well at the moment and personally think we won’t see rises in value like we have over the past couple of decades. So more and more investors are looking for safer, better performing places to put their money. And if like me you have no idea about stocks, shares, hedge funds and whatever else then this may be what you”ve been looking for.
You may have seen Mr Money (Daniel Jones) article in The Sun a few weeks back predicting the top 20 classic cars of the future with the approx price now / estimated value in the future. If you haven’t then I”ve written up the list at the end of this article – it makes good reading.
So, what sort of cars should I buy then? Well personally I would stick to a couple of marks that are most likely to go up based on desirability and rarity. That way you can get to know the cars inside out and spot a good one from a dud. So in a fantasy football style, here’s my list and own predictions:
Vauxhall VX220 (and Turbo versions were possible)
Reasoning: Very scarce as only 600 on the road in the UK (source www.howmanyleft.co.uk)
Worth now: £10k ave
Worth future: £18k
Jaguar XK8 (96 to 06)
Reasoning: One of the most beautiful cars ever made with E-Type DNA
Worth now: £5k
Worth future: £10-£15k
Jaguar XJ-S
Reasoning: The ‘awkward’ Jaguar and not popular in early days so many went to that big classic car graveyard in the sky. Still good ones around if you look hard but you’ll have to be quick as prices are really on the rise now!
Worth now: £3k (goodish taxed / mot’d versions)
Worth future: £15-20k
So you the maths, however, these cars could yield well over a 100% return within 10-15 years. Now will you make that money on property – that is the question!
Alternatively, you could just keep it simple and buy 333 Ford Ka MK1s for £100,000 investment and sell them in 15 years to make your million, as they are predicted to grow by 10x. However, where’s the fun in that – I’d rather have a barn full of big cats any day.
Of course this isn’t guaranteed and lots of things could happen to impact the price, however, if I were a betting person with a massive barn and some cash… we’ll I’d do it in a heartbeat.
EMMA JONES
This article was written and published by Emma Jones. Emma works for Trade Classics as an in-house journalist and copywriter and has many years” experience in the classic car sector. Why not write a reply on this article below – she”d love to hear your thoughts on her thoughts!Google
Mr Money – Future Classic Car Table
|
Car Model |
Current Price (2013) |
When to Sell |
Predicted Price |
| Vauxhall VX220 |
£8,000 to £10,000 |
10-15yrs |
£21,000 |
| MGF |
£300-£600 |
10yrs |
£2,000 |
| Audi TT Mk1 |
£2,000 to £3,000 |
15yrs |
£6,000 |
| VW Caravelle |
£12,500 |
20yrs |
£14,000 |
| BMW 1 M Coupe |
£33,250 |
15yrs |
£40,000 |
| Honda S2000 |
£5,000 |
15yrs |
£12,000 |
| Alfa Spyder |
£500 – £2,000 |
10-15yrs |
£6,000 |
| Honda Insight Mk1 |
£3,000 |
10yrs |
£5,000 |
| Renault Avantime |
£3,000 |
10yrs |
£4,000 |
| Citroen C6 |
£7,000 to £10,000 |
20yrs |
£15,000 |
| Audi RS4 |
£20,000 |
10yrs |
£35,000 |
| Fiat Barchetta |
£2,000 |
5-10yrs |
£5,000 |
| Ford Ka Mk1 |
£300 – £500 |
15yrs |
£3,000 |
| Jaguar XK8 |
£5,000 |
5yrs |
£8,000 |
| BMW 3 E36 Conv |
£1,000 |
10yrs |
£2,800 |
| Mercedes C63 AMG |
£25,000 |
15yrs |
£35,000 |
| Alfa Romeo Brera |
£8,500 |
5yrs |
£12,500 |
| Mazda RX-8 |
£1,500 |
10-15yrs |
£5,000 |
| VW Golf Mk5 Gti |
£8,000 |
8-10yrs |
£17,500 |
Tags: future classic cars, future classics, investments, jaguar, money, vauxhall
Categories: Classic Car Blog, Classic Car Chat
Hi
I own from new an Audi A3 cabriolet
In a one off factory finished metallic pink it the only one in the world that done that colour and was wondering if I should get it stored and would appreciate your advice