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How preserving classic cars doesn't always pay off #1622455
29/06/2018 19:03
29/06/2018 19:03
Joined: Sep 2008
Posts: 4,645
J
JKD Offline OP
Forum is my job
JKD  Offline OP
Forum is my job
J

Joined: Sep 2008
Posts: 4,645
Link

So how much would a perfect example of a Coop have to sell for now, for it to be worth more than when it was new? confused

Re: How preserving classic cars doesn't always pay off [Re: JKD] #1622457
29/06/2018 19:13
29/06/2018 19:13
Joined: Aug 2007
Posts: 8,057
Southsea
G
Gunzi Offline
Club member 189, Former Club President
Gunzi  Offline
Club member 189, Former Club President
Je suis un Coupé
G

Joined: Aug 2007
Posts: 8,057
Southsea
It's the wrong car for this time.

If the owner had bought an Escort Cosworth for £22k a couple of years later and bubble wrapped the price tag would be *much* higher now.

According to Bank of England Inflation Calculator a 1 owner 20VT Coupe would need to fetch upwards of £40k to just be worth what it was new in 1999.

To me it seems the key to getting the best out of classic cars is picking one which is at the bottom of it's depreciation curve and enjoying it whilst it's price rises.

Re: How preserving classic cars doesn't always pay off [Re: JKD] #1622480
30/06/2018 04:39
30/06/2018 04:39
Joined: Dec 2005
Posts: 33,520
Berlin
barnacle Offline
Club Member 18 - ex-Minister without Portfolio
barnacle  Offline
Club Member 18 - ex-Minister without Portfolio
Forum Demigod

Joined: Dec 2005
Posts: 33,520
Berlin
A car is a vehicle for driving, not an investment vehicle.

I don't car who owned it, how many races it won, how original it is, how 'important' the auctioneer says it is, or how few there are - if you're not driving it then you're not in it for the car, you're in it just to say you've got something nobody else has.

It really bugs me when I read articles in classic car magazines about forty year old Ferraris with three thousand miles on them - most of which appears to have been done my magazine testers. What was the point? Sell the bloody thing to someone who will drive it and not fret about the thousands of pounds each extra mile is 'costing' you.


[Linked Image]
Don't get no respect! Coupe Fiat 1994-2000 - an owner's guide <-- clicky!
Re: How preserving classic cars doesn't always pay off [Re: JKD] #1622488
30/06/2018 06:54
30/06/2018 06:54
Joined: Mar 2006
Posts: 8,852
Cambridge & Cotswolds
M
MeanRedSpider Offline
Je suis un Coupé
MeanRedSpider  Offline
Je suis un Coupé
M

Joined: Mar 2006
Posts: 8,852
Cambridge & Cotswolds
It’s an XJS - a very low point in Jag’s history

Re: How preserving classic cars doesn't always pay off [Re: MeanRedSpider] #1622522
01/07/2018 13:05
01/07/2018 13:05
Joined: Apr 2012
Posts: 2,162
Glos
Brilly1uk Offline
Club member 1034
Brilly1uk  Offline
Club member 1034
Competition Level

Joined: Apr 2012
Posts: 2,162
Glos
And yet more attractive now for some reason, than whenever it was when new?
I remember someone I worked with went from an XJS cabriolet to the XJS "Sport" bedecked in huge spoilers and supposedly breathed on by TWR!


Fiat Coupe 20VT
Alfa Romeo Spider
BMW X3
Re: How preserving classic cars doesn't always pay off [Re: JKD] #1622539
01/07/2018 20:02
01/07/2018 20:02
Joined: Jan 2006
Posts: 5,294
Portsmouth
A
ali_hire Offline
Forum is my life
ali_hire  Offline
Forum is my life
A

Joined: Jan 2006
Posts: 5,294
Portsmouth
Originally Posted By Barnacle
A car is a vehicle for driving, not an investment vehicle.


Although I and most people with an interest in cars will agree with you, you could say this about any tangible investment.

Re: How preserving classic cars doesn't always pay off [Re: JKD] #1622547
02/07/2018 05:35
02/07/2018 05:35
Joined: Dec 2005
Posts: 33,520
Berlin
barnacle Offline
Club Member 18 - ex-Minister without Portfolio
barnacle  Offline
Club Member 18 - ex-Minister without Portfolio
Forum Demigod

Joined: Dec 2005
Posts: 33,520
Berlin
Well I would certainly extend it to houses, for example.

It seems to me that there is a significant difference between 'investment' in tangibles such as classic cars, art, or houses, and in direct investment in, say, shares in a business.

In the second, you're helping to provide the money that a company needs to run - particularly at the development stage of a product - while in the first, you're simply hoping that at some time in the future there will be someone with enough ready cash to purchase your hoarded goodies.


[Linked Image]
Don't get no respect! Coupe Fiat 1994-2000 - an owner's guide <-- clicky!
Re: How preserving classic cars doesn't always pay off [Re: JKD] #1622727
07/07/2018 16:43
07/07/2018 16:43

T
Taz
Unregistered
Taz
Unregistered
T



It's only worth what someone wants to pay..

Certainly not everyone's cup of tea !


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