Cheap now, going to appreciate soon!!

stalebread

What cars can be bought now at a reasonably cheap price e.g. Max € 1000. Stored for a few years and sold for a profit? In your opinion?

A few I can think of off the top of my head are possible candidates include:

Mazda xedos
Honda prelude
Mr2 turbo
Possibly gti escort??
Saab
gc8 impreza
Renault 5 turbo

Please feel free to mention any I've left out and argue away :-)

Sobanek

E36 M-Sport Coupe. These will shoot up in value.

stalebread

Sobanek wrote: »

E36 M-Sport Coupe. These will shoot up in value.

Which the small or big engined model?

kirving

There are certainly some cars which will appreciate in value, but I think it'd be difficult to justify tying money up in a car for a potential profit, unless you had the garage space to keep it. Things like tyres and brake fluid will perish over time too, which has to be accounted for.

stalebread

Kevin Irving wrote: »

There are certainly some cars which will appreciate in value, but I think it'd be difficult to justify tying money up in a car for a potential profit, unless you had the garage space to keep it. Things like tyres and brake fluid will perish over time too, which has to be accounted for.

A good point but I have a bit of room to accommodate a couple and wouldn't mind replacing perishable items or spend a few quid keeping it in good nick cheers

toastedpickles

Saab 900/9000's

corglass

toastedpickles wrote: »

Saab 900/9000's

Hopefully not

stalebread

corglass wrote: »

Hopefully not

Why? Did you sell yours?

kirving

stalebread wrote: »

A good point but I have a bit of room to accommodate a couple and wouldn't mind replacing perishable items or spend a few quid keeping it in good nick cheers

Good to hear, I'm all for keeping decent cars on the road rather than seeing them scrapped against the latest base model Hyundai. I jutst think that it'd be hard to profit on a €1000 car

Atlantic Dawn

Celicas.

MuppetCheck

Clean 106 GTIs ate going cheap and will appreciate in time.

Possibly cinq/seicento sportings.

Clean Mark IV GTIs.

Carina GTIs.

stalebread

Kevin Irving wrote: »

Good to hear, I'm all for keeping decent cars on the road rather than seeing them scrapped against the latest base model Hyundai. I jutst think that it'd be hard to profit on a €1000 car

Totally agree. Have a hankering to get something to keep, didn't want to take much of a hit in the pocket.

Surely people have bought an old/unfashionable/obsolete car and stored it. For someone to find it years later and think wow!

stalebread

Atlantic Dawn wrote: »

Celicas.

Have noticed them going for peanuts.
But not the more desirable gt4's, Carlos seinz beams etc just base 1.8 and 2.0 n/a

ba_barabus

Some views on the list

stalebread wrote: »

Mazda xedos - I'd be shocked if these were ever worth anything, I like them but the vaste majority of people don't know they exist
Honda prelude - They'll never be worth a fortune in my view unless Honda relaunch the Prelude and it's successful
Mr2 turbo - yep, it'll be worth something
Possibly gti escort?? - Doubtful, it'll never be an RS or Cossie
Saab - Saab Turbo convertibles, Yes
gc8 impreza - Yep, no doubts here but how easy is it to find a good one.......
Renault 5 turbo - Already on the rise if you can find one

To add to the list, MK 1 Mondeo Ghia, Renault 25's, Citroen XM's, Ford Puma, MK1 Punto, early Lexus LS400, ZX Volcano's, PH1 Megane Coupe

All cheap and if bought right I reckon you'd make some handy cash on them in the future.

quadrifoglio verde

stalebread wrote: »

What cars can be bought now at a reasonably cheap price e.g. Max € 1000. Stored for a few years and sold for a profit? In your opinion?

A few I can think of off the top of my head are possible candidates include:

Mazda xedos
Honda prelude
Mr2 turbo
Possibly gti escort??
Saab
gc8 impreza
Renault 5 turbo

Please feel free to mention any I've left out and argue away :-)

Storing cars costs money. You have to replace perishables after a while in order to keep their value which costs more money. And then even at that, unless it's concourse, or extremely rare, it's not going to go for much as it's most likely going to need a full restore.
If it is a minter, you're looking at a humidity controlled and temperature controlled set up and that ain't cheap.

If you want to make money, invest in something else.
A lancia Aurelia b20 was something like 6k pound back in the 50s. At the end of the 60s they were worth feck all. Now 60 years later, they're worth 100k.
Have a look what 6k would have bought you in dublin back in the 50s and you'll realise it's many multiples of 100k.

My advice, buy cars because you enjoy driving them, not for them to appreciate in value. Because chances are, relative to inflation they won't!

ba_barabus

stalebread wrote: »

For someone to find it years later and think wow!

Sadly, it generally runs along the lines of "WOW I've found something that would be worth having if only the person had used it and looked after it. Now it would cost too much to sort and make roadworthy. "

Add to that list a Hyundai Coupe before they ruined it with the 1999facelift

stalebread

quadrifoglio verde wrote: »

Storing cars costs money. You have to replace perishables after a while in order to keep their value which costs more money. And then even at that, unless it's concourse, or extremely rare, it's not going to go for much as it's most likely going to need a full restore.
If it is a minter, you're looking at a humidity controlled and temperature controlled set up and that ain't cheap.

If you want to make money, invest in something else.
A lancia Aurelia b20 was something like 6k pound back in the 50s. At the end of the 60s they were worth feck all. Now 60 years later, they're worth 100k.
Have a look what 6k would have bought you in dublin back in the 50s and you'll realise it's many multiples of 100k.

My advice, buy cars because you enjoy driving them, not for them to appreciate in value. Because chances are, relative to inflation they won't!

They would be driven and maintained but not daily. Any alfas? Maybe early 156's. Don't want to open a can of worms but attractive car none the less!!

dgt

stalebread wrote: »

They would be driven and maintained but not daily. Any alfas? Maybe early 156's. Don't want to open a can of worms but attractive car none the less!!

V6 ones are getting quite rare, especially clean ones...

quadrifoglio verde

stalebread wrote: »

They would be driven and maintained but not daily. Any alfas? Maybe early 156's. Don't want to open a can of worms but attractive car none the less!!

You won't get a good one for under 1k.
Any with the busso engine in them will be worth a bit more that they are now in a few years time, primarily because the engine is recognised by many as the greatest 6 cylinder engine (petrolicious, the latest).
That said finding a good v6 is difficult. Only one 156 v6 has been for sale this year, it was scrap though. Over the last year I've had my hands on 4 156 v6s. Only one of them is left (my own), as the rest were beyond saving.
The 156 that will appreciate the most, is the gta. Prices of these have started to rise in the uk.

Likewise the 916 gtv and spider. Again with the busso engine. Prices of these are rising up to healthy levels(5k sterling for a good one with 60-80k miles) however the phase 1s are 18 years old now and parts are starting to come expensive.
A replacement rear suspension will cost you 400 pound sterling, and that's second hand prices. Of these, I've also had 4 since November.... :eek:
However all are twin sparks whose price is also on the floor. One I've stripped for parts as it was too far gone, the other three I've saved from the scrap yard/sold to someone as a project. The total cost to buy the 4 was around the 1k mark, but I've put close to 2k into saving my own from the scrap yard and it still needs a respray (in fairness It only needed a 40 pound gearbox, the rest has all been preventative/upgrades). I can see most of the ts getting broken for parts in the next 3-5 years, in order to keep the v6s going.

However looking at the price of Alfa 75s, seen as many as the last real Alfa, a 3.0 v6 struggled to make 3k sterling and although high miles it was mint. Out of the 75 v6, the gtv v6, or the gta, I'd have thought the 75 would have the highest price and be more desirable by collectors and Alfa enthusiasts, however the opposite seems to be the case. Shows how hard it can be to predict the future market

wingnut

Ford Probe, yeah baby!

stalebread

wingnut wrote: »

Ford Probe, yeah baby!

U reminded me about the Opel calibra. Never liked the probe or cougar for some reason

quadrifoglio verde

dgt wrote: »

V6 ones are getting quite rare, especially clean ones...

Clean pre facelift 156s are getting very thin on the ground, most are getting driven into the ground.
Not that I mind, the less minutes from the scrap yard 156s on the road, the better. They nearly make me cry:o

bladebrew

I was saying something to my dad recently about campervans, I mentioned the money the 60s VW split screen makes nowadays, and he said the farm he worked on as a teenager had 2 of them (in normal van form) and they were just left out in the fields rotting! A campervan conversion now in good nick is over £20k! It would be difficult to store for that long though,
if they invent a time machine I'm going back to buy a bunch of them and stick them in a shed somewhere:pac:

porsche boy

Guaranteed the Rover 75 will be a classic of the future, all big Rovers end up being cool. A clean connesuer model with a v6 or the rare RWD v8 will is a definate.

ba_barabus

porsche boy wrote: »

Guaranteed the Rover 75 will be a classic of the future, all big Rovers end up being cool. A clean connesuer model with a v6 or the rare RWD v8 will is a definate.

Or better yet, get the ZT version. They're lovely tbh

MadYaker

Clean type r civics?

projectgtr

MadYaker wrote: »

Clean type r civics?

100% just look at the cost to get a clean ek9 in from Japan, ive seen a few with little change from 10-12k :eek:

djimi

I reckon if you can find a clean unmolested example of any of the JDM performance cars then you could be looking at a healthy profit in a few years if you can store it properly. Clean examples of some of those cars are becoming hard enough to come by even now.

goz83

My fto will be going into storage once out of the body shop. I couldn't give a damn what it's worth when I eventually use her again though. It's not to sell, it's for keeps.

Tail Docker

I've been buying up jap metal a bit, an fto, some celicas, an mr2, a skyline, some civics and an Evo. I buy them cos I like them, but with one eye on future appreciation. They are not making cars that will be collectible any more- too many chips to become obsolete. Future petrolheads will want playthings that don't need unavailable PCB units/software to keep them going. I remember when MK1 Escorts were farmers cars..

tossy

You are all off your rockers if you think 90% of the cars mentioned here are going to GO UP in value in the future, at best a few might hold a decent value, this is the second time i've seen this mentioned on separate forums this week.

tossy

tossy wrote: »

You are all off your rockers if you think 90% of the cars mentioned here are going to GO UP in value in the future, at best a few might hold a decent value, this is the second time i've seen this mentioned on separate forums this week.

Indeed.

stalebread wrote: »

What cars can be bought now at a reasonably cheap price e.g. Max € 1000. Stored for a few years and sold for a profit? In your opinion?

A few I can think of off the top of my head are possible candidates include:

Mazda xedos
Honda prelude
Mr2 turbo
Possibly gti escort??
Saab
gc8 impreza


Please feel free to mention any I've left out and argue away :-)

Also, you won't find a decent MR2 turbo, impreza or R5 turbo for €1000.

pudzey101

any jap imports imo , throwing my type r integra into storage next year , not many clean , un abused ones about these days , and as said above you won't find a decent MR2 turbo, impreza or R5 turbo for €1000 unless its banjaxed

djimi

You're not going to find many cars worth keeping for a grand in fairness. I would have thought that the OP can take it as a given that they will be spending a few grand (minimum 2k-3k) on any car that's in a condition worth storing?

cerastes

Delorean, with the flux capacitor intact

fmcg_scribe

djimi wrote: »

You're not going to find many cars worth keeping for a grand in fairness. I would have thought that the OP can take it as a given that they will be spending a few grand (minimum 2k-3k) on any car that's in a condition worth storing?

Agreed.

In general, I'm not sure that Asian cars are a sure bet for this sort of enterprise. Italian, German, and perhaps certain British or American brands might be a better bet.

Equally, it's important to distinguish between "classic" cars that have low/slow depreciation and "classic" cars that can command prices that are higher now (allowing for inflation) than when they were in production.

It might be a good idea to focus on cars from the last 40-50 years that are already appreciating in value. Often, at least 10 years must pass after a car goes out of production before it can be considered as a future classic.

fmcg_scribe

Sobanek wrote: »

E36 M-Sport Coupe. These will shoot up in value.

What evidence do you have to back up that claim?

The E36 exterior design has not aged well. The E30 3 series and M3 and the E46 M3 are more celebrated and are holding their value well. Really good examples of the E30 can command a lot of money.

djimi

fmcg_scribe wrote: »

In general, I'm not sure that Asian cars are a sure bet for this sort of enterprise. Italian, German, and perhaps certain British or American brands might be a better bet.

Equally, it's important to distinguish between "classic" cars that have low/slow depreciation and "classic" cars that can command prices that are higher now (allowing for inflation) than when they were in production.

It might be a good idea to focus on cars from the last 40-50 years that are already in appreciating in value. Often, at least 10 years must pass after a car goes out out of production before it can be considered as a future classic.

I suppose it depends to what level you are looking to profit. Im working off the basis of cars that are relatively rare now and will continue to become more so (ie JDM imports as an example). They might never be worth a fortune, but for example you could get a decent DC2 for a couple of grand (say €3k for a clean enough one), and in ten years it could be worth twice that at least when there are relatively few of them left and even fewer in good condition. Look at the prices that late 80s/early 90s "boxy" Civics sell for now.

Not a huge profit granted, but enough to make it worth your while. Considering what the OP is looking to do, its going to be very hard to buy a car for a couple of grand in decent condition and expect a significant five figure return on it down the line unless they get really lucky and it becomes a serious cult collectors car.

Cleveland Hot Pocket

porsche boy wrote: »

Guaranteed the Rover 75 will be a classic of the future, all big Rovers end up being cool. A clean connesuer model with a v6 or the rare RWD v8 will is a definate.

The v8 RWD rover 75/ZTs are already going for north of 5k in the UK. None for sale here in the past 12 months.

It's another car on my bucketlist. Ulimate Q-car, old man rover with RWD and the drivetrain from a yanktank with a V8 to boot.

tossy

If any modern rover ever appreciates in Value, i'll make up the price difference for you when you buy one lol

Cleveland Hot Pocket

tossy wrote: »

If any modern rover ever appreciates in Value, i'll make up the price difference for you when you buy one lol

I don't think they will significantly go up in value.
I think morelikely they will stay at their current valuation. Especially since so few were ever sold.

They'll never drop to bangernomics for instance. To have one here and landed you're still looking at north of €7k. Even for the earliest ones.

fmcg_scribe

Cleveland Hot Pocket wrote: »

The v8 RWD rover 75/ZTs are already going for north of 5k in the UK. None for sale here in the past 12 months.

It's another car on my bucketlist. Ulimate Q-car, old man rover with RWD and the drivetrain from a yanktank with a V8 to boot.

Interesting, left-field choice:
http://en.wikipedia.org/wiki/Rover_75

I wonder if the BMW "DNA" of that car will count for or against it over the long term. (I say that as a BMW fan.)

Cleveland Hot Pocket

fmcg_scribe wrote: »

Interesting, left-field choice:
http://en.wikipedia.org/wiki/Rover_75

I wonder if the BMW "DNA" of that car will count for or against it over the long term. (I say that as a BMW fan.)

There's little to no BMW DNA in it.
The engine is from the USA, as is the drivetrain AFAIR.

The only BMW parts used in the '75 was the 2.0d engine block AFAIR. Even then , the turbo was a mitsubishi lump and not the troublesome BMW one.

fmcg_scribe

Cleveland Hot Pocket wrote: »

I don't think they will significantly go up in value.
I think morelikely they will stay at their current valuation. Especially since so few were ever sold.

They'll never drop to bangernomics for instance. To have one here and landed you're still looking at north of €7k. Even for the earliest ones.

Indeed.

Low production or sales volumes do not guarantee high residuals, especially for exotic cars.

Cleveland Hot Pocket

fmcg_scribe wrote: »

Indeed.

Low production or sales volumes do not guarantee high residuals, especially for exotic cars.

I would tend to disagree.
It's rarity that commands the big bucks.

fmcg_scribe

Cleveland Hot Pocket wrote: »

There's little to no BMW DNA in it.
The engine is from the USA, as is the drivetrain AFAIR.

The only BMW parts used in the '75 was the 2.0d engine block AFAIR. Even then , the turbo was a mitsubishi lump and not the troublesome BMW one.

Judging from Wikipedia, the BMW "bits" were as follows:
- 2.0 litre diesel engine
- Z-axle
- In-car entertainment systems

The Z-axle was not a good design.

Cleveland Hot Pocket

Ah yes I forgot the in car "entertainment" system :P
I had a rover 75 a few years ago (a k series petrol one) you'd think I'd remember that !

MadYaker

fmcg_scribe wrote: »

Indeed.

Low production or sales volumes do not guarantee high residuals, especially for exotic cars.

Cleveland Hot Pocket wrote: »

I would tend to disagree.
It's rarity that commands the big bucks.

Low sales due to the car being sh!t (even if its an exotic) does not guarantee high residuals. Look at Ferraris like the 208 and the 308, they were sh!t when they rolled off the production line and they are even worse now, some cars are rare because they're terrible and nobody really wants one.

Low sales due to a limited production run generally does guarantee high residuals though, pretty much any limited edition bugatti, lambo, ferrari, bentley, porsche etc they all go up in value.

Toyotafanboi

1997 levin €1350 http://cars.donedeal.ie/cars-for-sale/toyota-corolla-levin/7277095
1987 levin €8500 http://cars.donedeal.ie/cars-for-sale/ae86-trueno-kouki-edition/7435756

if you had a bit of space in a dry barn or whatever and €5k to spare, say buy 5 of them, leave for ten years, sell for €8k each, collect €35k for very little work. you wouldn't get interest like that in the bank.

just given how popular those levins are with young lads, the next generation of "middle aged men" will be restoring them in 10-15 years time imo.

fmcg_scribe

MadYaker wrote: »

Low sales due to the car being sh!t (even if its an exotic) does not guarantee high residuals. Look at Ferraris like the 208 and the 308, they were sh!t when they rolled off the production line and they are even worse now, some cars are rare because they're terrible and nobody really wants one.

Low sales due to a limited production run generally does guarantee high residuals though, pretty much any limited edition bugatti, lambo, ferrari, bentley, porsche etc they all go up in value.

Generally, Ferraris hold their value well.

Apparently, the McLaren F1 and Ferrari Enzo now cost more to buy than when they were in production. The same cannot be said about the Veyron (the standard car, at least), which seems to depreciate a lot.

A Ferrari 355 and a Porsche Carrera GT should be good investments.

More recent models from Lamborghini, Ferrari, and Bentley have had larger production volumes, so that might make them less rare than their predecessors.

Certain 911 variants from across the decades seem to command a lot money but it's hard to generalise.

Surprisingly, the BMW Z8 commands a lot of money.

fmcg_scribe

Cleveland Hot Pocket wrote: »

I would tend to disagree.
It's rarity that commands the big bucks.

Would you use that argument to justify buying, say, an Aston Martin Lagonda?