Future classics that could put you in the driving seat
21 December, 2017
You don’t need to be a millionaire to choose a classic car as an investment. But making sure it holds its value is of utmost importance…
Clive Wilson, from automotive data company hpi, has compiled a top 10 list of today’s cars that could be tomorrow’s classics.
The motors identified are relatively cheap to acquire and hold their values, according to Mr Wilson.
He says: “Classic cars have shot up in value over the last few years and in many cases represent a great investment opportunity.”
He believes classics in particular are snapped up by eager collectors and enthusiasts, which means prices are constantly rising.
“The trick is how best to spot trends before they take place and maybe even try to redefine what is actually recognised as a classic.”
Classic motors do not have to be “decades old, luxurious or expensive to begin with”, but should have been rising in value over the past few years.
Clive’s list of future classics everyone should be keeping an eye on, along with current value ranges, are:
Westfield, £6,000 to £15,000
Vauxhall VX 220, £9,000 to £13,000
Peugeot 205 GTi, £4,000 to £9,000
Audi TT MKI 3.2, £3,000 to £6,000
BMW Z3, £1,500 to £6,000
Citroen C6, £4,000 to £8,000
Rover Mini, £3,000 to £8,000
Alfa Romeo GTV, £1,000 to £6,000
Nissan Cube, £2,000 to £5,000
Mazda RX8, £500 to £3,000
“Whether it’s a particularly interesting or unusual design feature or has an element of engineering integrity behind it, picking up an affordable car now could potentially provide a healthy return on the original investment as it takes on classic status,” Mr Wilson added.