Fiat Coupe Club UK

How preserving classic cars doesn't always pay off

Posted By: JKD

How preserving classic cars doesn't always pay off - 29/06/2018 19:03

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
Posted By: Gunzi

Re: How preserving classic cars doesn't always pay off - 29/06/2018 19:13

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.
Posted By: barnacle

Re: How preserving classic cars doesn't always pay off - 30/06/2018 04:39

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.
Posted By: MeanRedSpider

Re: How preserving classic cars doesn't always pay off - 30/06/2018 06:54

It’s an XJS - a very low point in Jag’s history
Posted By: Brilly1uk

Re: How preserving classic cars doesn't always pay off - 01/07/2018 13:05

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!
Posted By: ali_hire

Re: How preserving classic cars doesn't always pay off - 01/07/2018 20:02

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.
Posted By: barnacle

Re: How preserving classic cars doesn't always pay off - 02/07/2018 05:35

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.
Posted By: Anonymous

Re: How preserving classic cars doesn't always pay off - 07/07/2018 16:43

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

Certainly not everyone's cup of tea !
© 2024 Fiat Coupe Club UK