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Classic

  • 21-01-2020 11:55am
    #1
    Registered Users Posts: 34 ✭✭✭ fredgillis


    i want to buy a classic car that needs some minor repair but its a minefield out there,

    what going to go up in price ? and whats classic never going to lose you money?

    this is my first venture and don't want to be stung


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Comments

  • Moderators, Motoring & Transport Moderators Posts: 2,941 Mod ✭✭✭✭ macplaxton


    Classic cars aren't investment products, unless you're dabbling in the very, very top end of the market.

    At the regular end of the market, they are all money pits.


  • Moderators, Home & Garden Moderators Posts: 4,743 Mod ✭✭✭✭ kadman


    fredgillis wrote: »
    i want to buy a classic car that needs some minor repair but its a minefield out there,

    what going to go up in price ? and whats classic never going to lose you money?

    this is my first venture and don't want to be stung

    The term classic car and minor repairs are very rarely in the same sentence.

    Unless of course you have the skilset required to make repairs your self.

    If you have non of the required skills, then you may well fall into the " Noobie classic owner. Depending on the chap you chose to do your repairs, you could then fall into the

    " Noobie to classics, with plenty of money to fork out on repairs "

    Or in short " Lamb To The Slaughter"

    And don t be under the impression specialist restorer to your marque, means anything either. It does not.

    Do research, then more, then more, on your chosen classic and your chosen restorer
    Honest guy will welcome any question you have , and more importantly access to his previous clients


  • Registered Users Posts: 5,796 ✭✭✭ Isambard


    DIY repairs to your Classic are always very simple, until a bolt sheers off or you find unexpected rot. The biggest skill I have learned is "grin and bear it".


  • Registered Users Posts: 34 ✭✭✭ fredgillis


    macplaxton wrote: »
    Classic cars aren't investment products, unless you're dabbling in the very, very top end of the market.

    At the regular end of the market, they are all money pits.

    but don't they increase in value, I would like to buy a few cheap and flip them but not sure what to go for


  • Moderators, Category Moderators, Music Moderators, Politics Moderators, Society & Culture Moderators Posts: 22,299 CMod ✭✭✭✭ Dravokivich


    You've been watching too much discovery channel.


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  • Registered Users Posts: 21,850 ✭✭✭✭ endacl


    fredgillis wrote: »
    but don't they increase in value, I would like to buy a few cheap and flip them but not sure what to go for

    Ha...ha...hahaha.....hahahahahahahahahahahahahahahahahahahahah!


  • Registered Users Posts: 4,706 ✭✭✭ Doctors room ghost


    I’ve a liking for the starlets.you would pick them up fairly handy.thats the fwd ones now from the boxy upwards.
    You’d want big money to get a clean rwd starlet these days.


  • Registered Users Posts: 1,188 ✭✭✭ JabbaTheHut


    fredgillis wrote: »
    but don't they increase in value, I would like to buy a few cheap and flip them but not sure what to go for

    Well, if it's a good one, it probably won't lose money, but unless you buy a great one, for peanuts, which is almost never going to happen, you're never going to make anything on it.

    I spent nearly 2 years doing up a Fiesta. If I charged for my time, I'd be a very rich man. Just have to find some sucker to pay me that kind of money. Look at Kadmans post on welding. If he was to sell the finished car, he'd be selling it for a fraction of what it cost him time wise alone. And most here will testify to the same.

    Also, there's not a very big market here compared to the UK. There's http://www.ownyourclassiccar.com/index.php for example that you'd be competing with, along with http://deanemotors.ie/ to name but two.

    Or there's this on ownyourownclassic . http://www.ownyourclassiccar.com/vehicles/mercedes-benz/190/donegal/2250716

    While you have unkel's one here https://www.donedeal.ie/vintagecars-for-sale/mercedes-190/23595056 for a grand less . He won't mind you flipping it :)


  • Registered Users Posts: 4,706 ✭✭✭ Doctors room ghost


    You've been watching too much discovery channel.




    Mikeen brewer has a lot to answer for with his makey upey profits.haha.
    Not a penny labour added to the bill.
    If he was paying a mechanic he’d be running at a massive loss.


  • Registered Users Posts: 1,188 ✭✭✭ JabbaTheHut


    Mikeen brewer has a lot to answer for with his makey upey profits.haha.
    Not a penny labour added to the bill.
    If he was paying a mechanic he’d be running at a massive loss.

    Yeah, I've seen this discussion before. When it's mentioned, some say it's just an entertainment show, but as you rightly point out, it he had to pay his mechanic, he'd be broke ten times over.


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  • Registered Users Posts: 836 ✭✭✭ MIKEKC


    fredgillis wrote: »
    but don't they increase in value, I would like to buy a few cheap and flip them but not sure what to go for

    How do you reckon you are going to get them cheap and sell them dearer?


  • Moderators, Home & Garden Moderators Posts: 4,743 Mod ✭✭✭✭ kadman


    You have come to the right place for information on classic ownership.

    Lots of extremely knowledgeable owners of classics on here able to impart some

    wisdom on the topic to you.

    Listen to them ..;)


  • Registered Users Posts: 34 ✭✭✭ fredgillis


    Mikeen brewer has a lot to answer for with his makey upey profits.haha.
    Not a penny labour added to the bill.
    If he was paying a mechanic he’d be running at a massive loss.

    I always thought, poor Ed, He just there on work experience lol


  • Registered Users Posts: 34 ✭✭✭ fredgillis


    MIKEKC wrote: »
    How do you reckon you are going to get them cheap and sell them dearer?

    chasing classic cars

    this any good

    https://www.donedeal.ie/vintagecars-for-sale/mgbgt-irish-car/23579069


  • Moderators, Home & Garden Moderators Posts: 4,743 Mod ✭✭✭✭ kadman


    fredgillis wrote: »

    You cant tell from pictures or ad content,

    But look at the details, from a slightly different viewpoint, what do they really mean,
    - DRY STORAGE SINCE 2001
    - IRISH CAR
    - 1979
    - NO NCT NEEDED PRE 1980
    - IN GREAT CONDITION
    - ALL PAPERWORK AVAILABLE
    - NOT STARTED WITH FEW YEARS
    - WAS DRIVEN IN TO GARAGE
    - PRICED TO SELL
    - WELL WORTH VIEWING
    - VERY ORIGINAL
    - SOLD BY CANNYS GARAGE CORK
    - €3000
    - CAR CAN BE VIEWED IN THE
    MIDLETON AREA
    - A GREAT FUTURE INVESTMENT
    - NOT YOUR USUAL RUBBISH
    - WILL NEED A FULL SERVICE AND NEW
    BATTERY
    - DELIVERY CAN BE ARRANGED
    - CALL 0833946694
    .........................,,...,,,,,,,,,,................................................
    CALL FOR ANY MORE INFORMATION
    ..........................................................................,,,,,.........
    THIS CAR WONT BE SOLD FOR €2000
    DONT RING UNLESS YOUR INTERESTED


  • Moderators, Home & Garden Moderators Posts: 4,743 Mod ✭✭✭✭ kadman


    Not started for a few years
    Driven into the garage.
    Last taxed in 01, all means

    This car may need a bit more than a full service to get it driving again. And define full service for this marque??


  • Registered Users Posts: 463 ✭✭ Testacalda


    fredgillis wrote: »

    Its only €3000, buy it and see how it goes for you, how else will you know if you like classic cars, owning them, using them and fixing them. You can always just sell it again.

    It'll need a good bit of work though....


  • Moderators, Society & Culture Moderators Posts: 25,535 Mod ✭✭✭✭ Dades


    Testacalda wrote: »
    Its only €3000, buy it and see how it goes for you, how else will you know if you like classic cars, owning them, using them and fixing them. You can always just sell it again.
    I don't think the OP has any love for classic cars. This seems purely financially motivated. Nothing wrong with that per se, but unless you actually know anything about classics you'll be very lucky to spot a bargain that might make you a profit.

    Wayne Carini on CCC has passion, and decades of experience owning and restoring. You see even he gets it wrong sometimes when auction results don't go as expected. I'd say profits from his regular dealership allows him to indulge in flipping classics with some impunity.

    For the amateur, it only takes one deceptively washed and waxed basket case to permanently dent your ambition. And spotting that basket case takes diligence and research.


  • Registered Users Posts: 4,706 ✭✭✭ Doctors room ghost


    Dades wrote: »
    I don't think the OP has any love for classic cars. This seems purely financially motivated. Nothing wrong with that per se, but unless you actually know anything about classics you'll be very lucky to spot a bargain that might make you a profit.

    Wayne Carini on CCC has passion, and decades of experience owning and restoring. You see even he gets it wrong sometimes when auction results don't go as expected. I'd say profits from his regular dealership allows him to indulge in flipping classics with some impunity.

    For the amateur, it only takes one deceptively washed and waxed basket case to permanently dent your ambition. And spotting that basket case takes diligence and research.





    Chasing classic cars and wheeler dealers are just for entertainment though and anyone who takes them seriously needs to wake up.
    Selling cars with no reserve in auction and running at a loss.
    It’s all for drama.wayne couldn’t give a flying fcuk.hed be making more money from discovery than he ever made selling cars.
    As for wheeler dealers the actual fixing of the cars is interesting yeah.as for the rest it’s fairytale stuff.profits listed then with no labour costs.i honestly don’t know how it was ever produced as a show.a steaming load of sh1te.


  • Registered Users Posts: 663 ✭✭✭ Tazio


    I own/owned cars from 70's era upwards. some were fun and some were real 'fun'.

    If OP wants to buy a 'classic' car for a sunny Sunday spin and to learn how to change oil and fix stuff then buy a mid to late 90's Japanese car (assuming you don't have some passion for a certain marque). maybe something like an old MX5. I'd call something like that a modern classic (my opinion) - It's old enough to get you out for a spin on a Sunday run with a club and you'd get few thumbs up in the local garage forecourt too. Drive it for a year and see if you want to trade it to go back in time an take on carbs and sil rust!! The Mx's will re-sell pretty quick too if you decide it's not for you.

    Again, you're not going to make money - but it shouldn't cost you the earth either -and you'll have some fun.. and that's what it's all about imo.


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  • Registered Users Posts: 1,188 ✭✭✭ JabbaTheHut


    Tazio wrote: »
    Again, you're not going to make money - but it shouldn't cost you the earth either -and you'll have some fun.. and that's what it's all about imo.

    Thing is, Dades is right. The OP doesn't have any love for classics.


  • Closed Accounts Posts: 133 ✭✭ airhead_eire


    fredgillis wrote: »

    If you can't answer that question yourself then flipping classics isn't going to be for you.


  • Moderators, Science, Health & Environment Moderators, Society & Culture Moderators Posts: 59,118 Mod ✭✭✭✭ Wibbs


    Tazio wrote: »
    If OP wants to buy a 'classic' car for a sunny Sunday spin and to learn how to change oil and fix stuff then buy a mid to late 90's Japanese car (assuming you don't have some passion for a certain marque). maybe something like an old MX5. I'd call something like that a modern classic (my opinion) - It's old enough to get you out for a spin on a Sunday run with a club and you'd get few thumbs up in the local garage forecourt too. Drive it for a year and see if you want to trade it to go back in time an take on carbs and sil rust!! The Mx's will re-sell pretty quick too if you decide it's not for you.

    Again, you're not going to make money - but it shouldn't cost you the earth either -and you'll have some fun.. and that's what it's all about imo.
    A good idea for someone starting out on the madness. Though one caveat; while generally near supernaturally bulletproof mechanically, 90's Japanese cars can be an absolute whoer for the rust. MX5's are well known for it. So even there major caution is advised.

    Make money with classics? Unless you're a real specialist and have an eye for the market then not a hope. The only other way is to buy "classics of the future" when they hit the very bottom of their depreciation market value, buy a few of them, keep them maintained and running and wait twenty years...

    Rejoice in the awareness of feeling stupid, for that’s how you end up learning new things. If you’re not aware you’re stupid, you probably are.



  • Registered Users Posts: 5,796 ✭✭✭ Isambard


    flipping as a business is fraught with pitfalls.

    Unless you're an expert mechanic, there could and probably will be hidden faults and the buyer will be coming after you with all the rights the Law gives them on a commercial deal.


  • Moderators, Category Moderators, Motoring & Transport Moderators, Regional East Moderators Posts: 58,832 CMod ✭✭✭✭ unkel


    Tazio wrote: »
    If OP wants to buy a 'classic' car for a sunny Sunday spin and to learn how to change oil and fix stuff then buy a mid to late 90's Japanese car (assuming you don't have some passion for a certain marque). maybe something like an old MX5.

    Good suggestion from a practical point of view, but probably very hard / impossible to get reasonable money classic insurance on one

    "Wind is Ireland's oil" - An Taoiseach, 25/05/2022



  • Registered Users Posts: 107 ✭✭ _ptashek_


    fredgillis wrote: »
    but don't they increase in value, I would like to buy a few cheap and flip them but not sure what to go for

    With that attitude, I wouldn't even bother trying.
    You clearly have no interest in classic car ownership.
    They do go up in value, but mostly slowly and only for very few select models of very few select brands. And not in the "cheap" section of the market either.

    Going into classic car ownership on the middle-class affordable end of the market always means one thing: not making any money out of it, but plenty of fun if you like getting your hands dirty, and standing out from the soap-box-on-wheels crowd.


  • Registered Users Posts: 4,358 ✭✭✭ kev1.3s


    _ptashek_ wrote: »
    With that attitude, I wouldn't even bother trying.
    You clearly have no interest in classic car ownership.
    They do go up in value, but mostly slowly and only for very few select models of very few select brands. And not in the "cheap" section of the market either.

    Going into classic car ownership on the middle-class affordable end of the market always means one thing: not making any money out of it, but plenty of fun if you like getting your hands dirty, and standing out from the soap-box-on-wheels crowd.

    I wasnt even going to bother replying after I read that as the OP is clearly a troll.


  • Registered Users Posts: 4,900 ✭✭✭ Bigus


    Methinks Fred might be a cute corkman who’s selling an Mgbgt and has the whole of classic boards looking at his ad , ...well done Fred.


  • Registered Users Posts: 34 ✭✭✭ fredgillis


    I went to look at an 1989 golf gtd and it was a nice one until I saw the book and was a 1.3 which got a diesel engine put into it


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  • Registered Users Posts: 34 ✭✭✭ fredgillis


    what cars should i be on the look out for,
    looking for something that i could fix up, drive for a while and sell on,
    some that not lose value

    is there particular cars out there that i should try and concentrate more on finding and those that should be avoided


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