I’ve written on this site about classic car investment a few times in the past. It’s becoming a very real investment alternative for those with plenty of cash already squirrelled away. You need big $$$ to get a foot in the door and a keen eye, but there’s money to be made and enjoyment to be had for those who can. Premium classic cars seem to go up and up, with record auction prices being reached seemingly every 6-12 months.
Classic Driver just published a list of classics that it believes are going to be good automotive investments in the near term. Here’s the list:
I think the Lamborghini Miura represents great value for money at current prices. It’s from that era of cars that everyone understands and loves, it’s from a great brand, it’s got a 12-cylinder engine, and it looks great – I think it’s got a long way to go.
The problem is you’re looking at half a million just to get in the door.
Aston Martin DB6
Quite simply, DB6s are too inexpensive at the moment. They’re selling for around half the price of a DB5, but they’re not half the car.
Prices start around US$220,000 so you’d even for something like this, you’d better have your finances sorted.
Ferrari 512 BB
Oh come on, now you’re just being ridiculous.
….in the Ferrari world they look like tremendous value for money in comparison to what Daytonas, 330 GTCs, Lussos and 275 GTBs are making today.
It’s all relative, I guess.
Porsche 911 (996) GT3
OK, this is more like it (almost). These are actually available in some markets for five-figure sums, though discerning buyers will be suspicious of those. Expect something in the mid US$100K range for a good one.
If you find a good example, you’ll be rewarded with not only driving pleasure, but also a solid investment.
Bugatti EB110 Super Sport
Just think – a quad-turbo, quad-cam V12, 600bhp, four-wheel drive and one of the most illustrious badges in the business, all for one-eighth of the price of a McLaren F1. Does it come any better?
I can’t find a price for an EB110 at the moment. The three that I can find for sale are POA. I hope they come with sunglasses….
The Countach is one of the most dramatic cars ever produced, and it’s just now starting to be considered as a collector’s item rather than a second-hand supercar.
I don’t think I’ve ever considered the Countach to be just a second-hand supercar, but I can see what he means.
Aston Martin V8
OK, now this is one that I can relate to, both as an investment and as an (almost) affordable one.
These high-quality vehicles are completely undervalued and now that DB6s are barely affordable, the later cars look like they might enjoy an enormous increase in demand in the near future.
You can find one of these here in Australia from as ‘low’ as $70K but they quickly move into the low six-figures.
Obviously the target audience for Classic Driver is a little more affluent than the average Swadeology reader, who I imagine to be in a similar position to myself (or someone who was in (or will be in) a similar position at a similar age – i.e. regular folk).
Given that car-hunting is like a second hobby anyway, I’ve asked Gavin to join me in coming up with 7 Classic Car Investments for more regular car people.
The terms and conditions:
- The budget is for a maximum of A$30,000
- You must be able to show an example of the car for sale somewhere in the world under that price (at a current rate of exchange).
- The car has to be interesting.
- The writer should be able to provide some short theory as to why it’s a possible long-term proposition for making a little money (or, at the very least, not losing you (much) money if you look after it properly).
The cars posed by Classic Driver are ones that I’m sure will provide a good return after 10 years of being locked away. To me, though, that’s not classic driving. That’s collecting art. It’s nice to look at, but cars are meant to be driven as well as collected.
Our mission is to find them. If I had $30K to spare and I wanted to have the best chance of turning it into $35K in around 3-5 years from now, what would I buy?
I’m convinced there’s a couple of semi-affordable classics-in-the-making that can be driven AND provide a caring owner with a slight gain over a period of time.
That’s our challenge, at least.
We’ll report back in when the lists are ready. Feel free to assess Classic Driver’s nominations and come up with a few of your own, exotic or otherwise.[hr]