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#1622455 - 29/06/2018 21:03 How preserving classic cars doesn't always pay off
JKD Offline
Forum is my job

Registered: 20/09/2008
Posts: 4398
Loc:
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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

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#1622457 - 29/06/2018 21:13 Re: How preserving classic cars doesn't always pay off [Re: JKD]
Gunzi Offline
Club Member 189
Forum is my life

Registered: 30/08/2007
Posts: 6702
Loc: 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.

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#1622480 - 30/06/2018 06:39 Re: How preserving classic cars doesn't always pay off [Re: JKD]
barnacle Offline
Club Member 18 - Membership Secretary
Forum Demigod

Registered: 17/12/2005
Posts: 31860
Loc: Hemel in the Hempstead
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.
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#1622488 - 30/06/2018 08:54 Re: How preserving classic cars doesn't always pay off [Re: JKD]
MeanRedSpider Offline
Je suis un Coupé

Registered: 25/03/2006
Posts: 8582
Loc: Cambridge & Cotswolds
It’s an XJS - a very low point in Jag’s history
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#1622522 - 01/07/2018 15:05 Re: How preserving classic cars doesn't always pay off [Re: MeanRedSpider]
Brilly1uk Offline
Club member 1034
My life on the forum

Registered: 20/04/2012
Posts: 1783
Loc: 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!
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#1622539 - 01/07/2018 22:02 Re: How preserving classic cars doesn't always pay off [Re: JKD]
ali_hire Offline
Forum is my life

Registered: 03/01/2006
Posts: 5285
Loc: 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.
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#1622547 - 02/07/2018 07:35 Re: How preserving classic cars doesn't always pay off [Re: JKD]
barnacle Offline
Club Member 18 - Membership Secretary
Forum Demigod

Registered: 17/12/2005
Posts: 31860
Loc: Hemel in the Hempstead
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.
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#1622727 - 07/07/2018 18:43 Re: How preserving classic cars doesn't always pay off [Re: JKD]
Taz Offline
My job on the forum

Registered: 17/12/2005
Posts: 1442
Loc: Kent Coast, smugglers paradise
It's only worth what someone wants to pay..

Certainly not everyone's cup of tea !
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