By Mike Atwal
10th October 2019

Missed opportunity or dodged a bullet?



Between 2010 to 2012 I was lucky enough to be in the right place at the right time, with money in my pocket to snap up some classic bargains.

A rusty Ferrari 308 for 17k, a smart Jaguar XJ-S 5.3 V12 coupe that had sat for two years at a grand on the nose, and a tidy Porsche 928S that wouldn’t start for 1200 quid. All three cars were well known to me, I had driven them and I knew what was wrong with them.

All three are fairly collectable and worth much more now.

Problem is, I didn’t buy them. I passed the possibly lucrative opportunities on for no good reason other than being sensible, and perhaps not understanding how much of a passion I actually have for cars. I was scared. How would I maintain them? Where would I store them? The tax, insurance, and besides, I already had a couple of old BMW’s. What if they were all deeper money pits than expected?

I am sure I am not the only one who has turned down opportunities like these.

Am I looking back through rose tinted glasses, casting aside all costs and hard work that would have come with the cars? Or was I simply too scared and missed out?

Why don’t we buy a car when we have the money?

 


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Andrew
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Andrew

Oh yes Mike I am sure we have all done it and I definitely missed out, I turned down a 3o CSL with Andy Miller at Old Colonel Cars on it toes at £35k when 6 months later they were at least double ! It happens. Apologies for not finishing our 850i & 528i conversation, so now the reply! If I intend to keep a car for a while I always full service brake fluid change & braided brake lines as a matter of course, I also usually add an ULTRA RACING FRONT BRACE even if I dont upgrade suspension.… Read more »

Mike
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Mike

Hi Andrew, great to hear from you! Sounds like you take excellent care of your cars, I absolutely agree with you re new brake fluid – and you’ve really inspired me to look into braided lines. As for E24’s…I must admit I deeply regret selling mine. I would love a black with black leather 1989 Highline…to which I would fit the staggered BBS 17” alloys from the E31 (If I am lucky to find a set!)…and use it as a daily driver – the forgiving rubber bumpers make it the perfect city car too – parking close to other cars.… Read more »

Tim Cherrett
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Tim Cherrett

In the mid 80s, I had the opportunity to buy a tatty DB2 which had a brand new engine from AML. £6,400 and they offered me £2,400 for my TR5 in part ex. ??

Adam
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Adam

Oh Tim… oh Tim 🙂

Kulraj Salh
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Kulraj Salh

Never live with regrets! Who knows, might have been a dodgy rebuild and would blow up! That’s the kind of advice I give myself on opportunities I passed up over the years 😀

Mike
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Mike

It does happen! And as Kulraj said…we must indeed look at what could have been the pitfalls!

Easier said than done I know!

Tim Cherrett
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Tim Cherrett

Yep. Just bought immaculate Volvo 1800E and still needed to spend £1.5k on it! Dealer in Denmark who restored it refunded me £1k. Pretty decent all-in-all.

Mike
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Mike

The mighty P1800 – one of the classiest and most reliable cars ever in my book!

Colour combination?

And yes these classics always need a little extra tickle – perhaps it’s just testing how much you love it before it settles into long term ownership with you I say 🙂

All my cars seem to have done that

Tim Cherrett
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Tim Cherrett

Colour is Volvo 104 Turquoise! Flippin’ spectacular. What’re you got?

Mike
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Mike

Wow that’s a cracking colour!

I have a Bmw 840ci Sport I’ve had for 10 years – and a daily driver 645ci

Both modern really. I crave a 60’s car.

But in my previous life at Classic Car Club London I spent so much time with P1800’s and Amazons – all wonderful moments.

Tim Cherrett
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Tim Cherrett

I test drove a BMW 3.0 CSA. Very tempted!

Am suping up the Volvo. Rebore to 2.3, ported, steel timing gear, 4 branch manifold. Junk the ancient efi for twin webers and custom big bore stainless exhaust. Interesting that some classics you can modify and some not. I had a Pagoda and if you changed a single screw, you damaged the value.

Mike
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Mike

The Volvos really do tend to fair well value wise when the engine and suspension have had a tickle!

It will be very fast once you’ve done that lot, must keep us updated.

Yes, the Pagodas are such a car that any deviation from standard really hurts them.

Imagine a P1800 or Amazon with the Volvo 850R engine….