Non depreciation car upto 15k??????
06 April 2010, 09:25 AM
#1
Non depreciation car upto 15k??????
Been looking round at cars that dont depreciate or depreciate very little, Ive always wanted something that I could clean and leave it in the garage and take out on sunny days for a blast. Also wanted something that I could keep for a very long time and not have to worry how much its losing every day, but more then anything it would be a second car and must be lowish miles, Not much to ask then!!!
Anyway Ive narrowed the list below what I think would hold its value and be able to sell in 5 years time at the same price as what you buy the car for!!!!
What do you think????
Mitsi Evo 6 Tommi Mak (got to be in red, as they seem more desirable and hold there value, any other colour seem to drop in value, Look at prices for red ones compared to blue, white, black etc)
Mitsi Evo 6 Extreme (These seem to stay between 15-20k for some years now, but very rare to come by)
Escort RS cosworth (Well everyone knows these dont depreciate that much, depending on how many miles are on the clock, but expect to pay 15-17k for a good one, and 15k would get me a minter and probably over 60k miles on the clock!!
Subaru Impreza P1 (Not sure if these are holding there value, They seem to have dropped the last year or so, But with a limited numbers been built, and as the years go on, im guessing that there are a chance that low mileage clean examples will be able to keep there value!!!
Ford Focus RS Mk1 (They have dropped in price since the new mk2 Focus RS has been released and low mileage ones that where 15k 6 months ago are now costing between 10-12k, these where built in limited numbers and each one has there own build number where there are loads of Mk2 Focus RS's built.
Anyone else add to the list??
Anyway Ive narrowed the list below what I think would hold its value and be able to sell in 5 years time at the same price as what you buy the car for!!!!
What do you think????
Mitsi Evo 6 Tommi Mak (got to be in red, as they seem more desirable and hold there value, any other colour seem to drop in value, Look at prices for red ones compared to blue, white, black etc)
Mitsi Evo 6 Extreme (These seem to stay between 15-20k for some years now, but very rare to come by)
Escort RS cosworth (Well everyone knows these dont depreciate that much, depending on how many miles are on the clock, but expect to pay 15-17k for a good one, and 15k would get me a minter and probably over 60k miles on the clock!!
Subaru Impreza P1 (Not sure if these are holding there value, They seem to have dropped the last year or so, But with a limited numbers been built, and as the years go on, im guessing that there are a chance that low mileage clean examples will be able to keep there value!!!
Ford Focus RS Mk1 (They have dropped in price since the new mk2 Focus RS has been released and low mileage ones that where 15k 6 months ago are now costing between 10-12k, these where built in limited numbers and each one has there own build number where there are loads of Mk2 Focus RS's built.
Anyone else add to the list??
06 April 2010, 09:45 AM
#3
I think whilst those in the list may hold good value, IMO most are money pits. So what you save in depreciation you spend in running the things;
In particular; £15K on a Escort Cosworth will not get you a minter; yes it will "Look" mint. But I assure you, beneath the plastic skirts the sills will be rusting through, and will be mechanically tired in both suspension and drivetrain, especially if its been modded/messed with. Unless there is a huge pile of recent bills of recent work, I'd tread carefully.
My cousin is a Ford nut; every one he has bought he has done a full restoration. His current project is a Escort cossy, and that was a £15K car (unmolested, unmodded, low miles, even FFSH). When the bodywork is finally finished (rust
) it will be a true mint car - asthetically at least, as it will still be on the original drivetrain....thats more ££££s to spend in the future.
Same with the P1s; Unless its had the money spent on it, and a new warrantied engine. Walk away IMO.
In particular; £15K on a Escort Cosworth will not get you a minter; yes it will "Look" mint. But I assure you, beneath the plastic skirts the sills will be rusting through, and will be mechanically tired in both suspension and drivetrain, especially if its been modded/messed with. Unless there is a huge pile of recent bills of recent work, I'd tread carefully.
My cousin is a Ford nut; every one he has bought he has done a full restoration. His current project is a Escort cossy, and that was a £15K car (unmolested, unmodded, low miles, even FFSH). When the bodywork is finally finished (rust
) it will be a true mint car - asthetically at least, as it will still be on the original drivetrain....thats more ££££s to spend in the future.Same with the P1s; Unless its had the money spent on it, and a new warrantied engine. Walk away IMO.
Last edited by ALi-B; 06 April 2010 at 09:48 AM.
06 April 2010, 09:47 AM
#4
Have thought about them too. Seen liquid yellow Mark 2's hold there value. Think there are only 7 liquid yellow Mark 2 clio V6 left on the road. But seen them go for around 16-18k!!!! Cant see them dropping much more then that, so could be a good investment!!!!
06 April 2010, 10:00 AM
#5
I think whilst those in the list may hold good value, IMO most are money pits. So what you save in depreciation you spend in running the things;
In particular; £15K on a Escort Cosworth will not get you a minter; yes it will "Look" mint. But I assure you, beneath the plastic skirts the sills will be rusting through, and will be mechanically tired in both suspension and drivetrain, especially if its been modded/messed with. Unless there is a huge pile of recent bills of recent work, I'd tread carefully.
My cousin is a Ford nut; every one he has bought he has done a full restoration. His current project is a Escort cossy, and that was a £15K car (unmolested, unmodded, low miles, even FFSH). When the bodywork is finally finished (rust ) it will be a true mint car - asthetically at least, as it will still be on the original drivetrain....thats more ££££s to spend in the future.
Same with the P1s; Unless its had the money spent on it, and a new warrantied engine. Walk away IMO.
In particular; £15K on a Escort Cosworth will not get you a minter; yes it will "Look" mint. But I assure you, beneath the plastic skirts the sills will be rusting through, and will be mechanically tired in both suspension and drivetrain, especially if its been modded/messed with. Unless there is a huge pile of recent bills of recent work, I'd tread carefully.
My cousin is a Ford nut; every one he has bought he has done a full restoration. His current project is a Escort cossy, and that was a £15K car (unmolested, unmodded, low miles, even FFSH). When the bodywork is finally finished (rust
) it will be a true mint car - asthetically at least, as it will still be on the original drivetrain....thats more ££££s to spend in the future.Same with the P1s; Unless its had the money spent on it, and a new warrantied engine. Walk away IMO.
06 April 2010, 10:03 AM
#6
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If you want a real driving experience then get a Caterham or Westfield, holds their value very well.
06 April 2010, 10:05 AM
#7
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BMW ZM3 coupe?
My Bimmer is still worth more than I paid for it (although I'm a little dubious) according to Glasses and various ads after 6 months and 8k more miles.
My Bimmer is still worth more than I paid for it (although I'm a little dubious) according to Glasses and various ads after 6 months and 8k more miles.
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06 April 2010, 10:21 AM
#9
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Been looking round at cars that dont depreciate or depreciate very little, Ive always wanted something that I could clean and leave it in the garage and take out on sunny days for a blast. Also wanted something that I could keep for a very long time and not have to worry how much its losing every day, but more then anything it would be a second car and must be lowish miles, Not much to ask then!!!
Anyway Ive narrowed the list below what I think would hold its value and be able to sell in 5 years time at the same price as what you buy the car for!!!!
Anyway Ive narrowed the list below what I think would hold its value and be able to sell in 5 years time at the same price as what you buy the car for!!!!
The secret is to only buy the very best you can, keep them garaged and dry, maintain as necessary and drive them on nice days all year round. A bit of good luck is also handy! It's a much more fun hobby than just checking your Bank statement every 6 months. Eventually you'll be seduced by something else and you'll be able to recoup your outlay on your existing car and maybe add a bit more capital from any future savings you might accumulate to get something even more special. Go ahead and do it. Good luck!
06 April 2010, 10:21 AM
#10
Most Ford RS cars seem to hold there value if there looked after. Just wish scoobies where the same. There is a STi version 6 wagon for sale on Pistonheads with 3,300 miles on the clock and mint, Price 8k???? If that was a Ford Escort RS turbo it would be 18k. How come low mileage mint scoobies dont seem to hold there value as well. There are plenty of scooby enthusiasts???
06 April 2010, 10:34 AM
#11
Your idea is valid. Don't let the doom-mongers put you off. Since the early 1990's, I have had 5 such weekend fun cars in my garage (BMW 2002, R5 Turbo 2, Alpine-Renault GTA Turbo, Lancia Integrale 16v & Impreza 22B) and have eventually sold EVERY one for more than it cost me to buy AND maintain them. This even keeps the other half sweet, since I am not just pouring money down the drain to fund my hobby.
The secret is to only buy the very best you can, keep them garaged and dry, maintain as necessary and drive them on nice days all year round. A bit of good luck is also handy! It's a much more fun hobby than just checking your Bank statement every 6 months. Eventually you'll be seduced by something else and you'll be able to recoup your outlay on your existing car and maybe add a bit more capital from any future savings you might accumulate to get something even more special. Go ahead and do it. Good luck!
The secret is to only buy the very best you can, keep them garaged and dry, maintain as necessary and drive them on nice days all year round. A bit of good luck is also handy! It's a much more fun hobby than just checking your Bank statement every 6 months. Eventually you'll be seduced by something else and you'll be able to recoup your outlay on your existing car and maybe add a bit more capital from any future savings you might accumulate to get something even more special. Go ahead and do it. Good luck!
Hit the nail on the head there mate!!!!
Ive lost money on most cars that I have bought and sold, apart from my Focus RS and my Evo 6 RSX!!!! which where limited edition, clean and low mileage and kept in the garage and driven on nice sunny days, im guessing desirable models will always sell.
06 April 2010, 11:26 AM
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as above mk1 or m2 RS escort, buy the very best you can afford take someone that knows them well (me ) and there better then money in the bank
pain in the 'arris when you go in a petrol station though as EVERYONE comes up to you tell you about there old "mexico"
Lotus Elise S1 160 Sport if you dont mind a general raw feel, or if you want a bit more creature comfort Porsche 968 Clubsport, awesome car
I have had all of the above over the last few years and made cash on all come resale and prices havent changed much since
) and there better then money in the bank pain in the 'arris when you go in a petrol station though as EVERYONE comes up to you tell you about there old "mexico"
Lotus Elise S1 160 Sport if you dont mind a general raw feel, or if you want a bit more creature comfort Porsche 968 Clubsport, awesome car
I have had all of the above over the last few years and made cash on all come resale and prices havent changed much since
06 April 2010, 10:01 PM
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Your idea is valid. Don't let the doom-mongers put you off. Since the early 1990's, I have had 5 such weekend fun cars in my garage (BMW 2002, R5 Turbo 2, Alpine-Renault GTA Turbo, Lancia Integrale 16v & Impreza 22B) and have eventually sold EVERY one for more than it cost me to buy AND maintain them. This even keeps the other half sweet, since I am not just pouring money down the drain to fund my hobby.
The secret is to only buy the very best you can, keep them garaged and dry, maintain as necessary and drive them on nice days all year round. A bit of good luck is also handy! It's a much more fun hobby than just checking your Bank statement every 6 months. Eventually you'll be seduced by something else and you'll be able to recoup your outlay on your existing car and maybe add a bit more capital from any future savings you might accumulate to get something even more special. Go ahead and do it. Good luck!
The secret is to only buy the very best you can, keep them garaged and dry, maintain as necessary and drive them on nice days all year round. A bit of good luck is also handy! It's a much more fun hobby than just checking your Bank statement every 6 months. Eventually you'll be seduced by something else and you'll be able to recoup your outlay on your existing car and maybe add a bit more capital from any future savings you might accumulate to get something even more special. Go ahead and do it. Good luck!
Instead of one new Audi or Beemer, and a big monthly payment or chunk of depreciation, I own 5 different motors. Three of which are appreciating, one is starting to equal it's restoration costs, and one of which a dealer has just offered me £500 less than I paid exactly 2 years ago. So easily a profit in a private sale. Way more fun than any £25k 3 series or Audi A-something.
You just need space, a good garage, an understanding missus, and the post office lady and MOT man will be your friend.
06 April 2010, 10:34 PM
#15
Porsche 911. Plenty of 996 for that money.Buy wisely and they have very strong residuals now. The older 993 is more desirable as its air cooled. I think the 911 is timeless...
http://www.autotrader.co.uk/search/u...price-to/16000
http://www.autotrader.co.uk/search/u...price-to/16000
Last edited by s70rjw; 06 April 2010 at 10:38 PM.
06 April 2010, 10:50 PM
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It's all about supply and demand:
Find a car that was either limited in supply or not sought after at the point it was new (the Escort Cosworth ticks both boxes since only a few thousand were made and 1992-94 was an economic dip, as well as very high insurance premiums). [Also in this category are cars not bought as company cars because they were not suitable or very expensive per month]
And find a car that is in greater demand used as it becomes more affordable to those who desire it now (who may well have desired it new but couldn't afford it then). It also helps if a model is written off, stolen or broken for spares since it reduces supply.
I've found that limited edition cars which were originally about £30k seem to flatten out at £10-£15k and stick there. The only reason why Subarus don't hold their value as well as Cosworths and Integrales is their popularity and availability new means a disproportionate number secondhand now.
Find a car that was either limited in supply or not sought after at the point it was new (the Escort Cosworth ticks both boxes since only a few thousand were made and 1992-94 was an economic dip, as well as very high insurance premiums). [Also in this category are cars not bought as company cars because they were not suitable or very expensive per month]
And find a car that is in greater demand used as it becomes more affordable to those who desire it now (who may well have desired it new but couldn't afford it then). It also helps if a model is written off, stolen or broken for spares since it reduces supply.
I've found that limited edition cars which were originally about £30k seem to flatten out at £10-£15k and stick there. The only reason why Subarus don't hold their value as well as Cosworths and Integrales is their popularity and availability new means a disproportionate number secondhand now.
Last edited by Dave Thornton; 06 April 2010 at 11:03 PM.
06 April 2010, 11:00 PM
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If you can find one, a 6.0ltr facelift XJS cabriolet.But very rare & most if not all are lhd, although the rhd 4.0ltr AJ16 XJS cabs are out there.Jaguar XJ12C with or without the covered roof.Beemer M635CSI, 3.0ltr CSL & at least one of the Alpina Beemers.Last of the s/c 4.2 XJR Jags or wait a while & get the same shape with the new 5.0ltr s/c v8.
Last edited by ScooByer Trade; 07 April 2010 at 12:06 AM.
06 April 2010, 11:28 PM
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Always buy against the market.
If Subarus are not currently in vogue now is the ideal time to buy.
Just do what has been suggested above: find the best condition limited edition, high charisma model available and buy at the best price you can.
If you look after it then possibly in a few years time it will be the most desirable car around.
On a separate note I am becoming quite taken with Caterams, they look small and very involving but do not appear to lose any money.
If Subarus are not currently in vogue now is the ideal time to buy.
Just do what has been suggested above: find the best condition limited edition, high charisma model available and buy at the best price you can.
If you look after it then possibly in a few years time it will be the most desirable car around.
On a separate note I am becoming quite taken with Caterams, they look small and very involving but do not appear to lose any money.
07 April 2010, 10:19 PM
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Another good suggestion, I've had 2 racing puma's, there brilliant cars, I sold the last one to buy my Impreza as I needed 4 doors but Ill get another one day
08 April 2010, 10:27 AM
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Well if you're OK with older classic cars, then that opens up a wider selection of options. Buy yourself a classic car magazine and check out ads for cars like Integrale EVO's, quattros, E30 BMW M3's, MB 190 Evo and dare I say it Lotus Carltons etc. Alternatively you could go for something more "mature" like a Bentley Turbo R or even a Maserati 4200 (17-18k) or the older 3200 (10 - 15k). Quite pricey to service though.
08 April 2010, 11:54 AM
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I remember how impressed I was with the standard 1.7 Puma. The Racing one (with proper disk brakes at the rear!) must be superb fun!
08 April 2010, 09:01 PM
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The best way to judge a car on cost grounds is on lifetime pence per mile, taking into account buying and resale price and everything in between. Crossing over to the current debate as to whether the Focus RS500 is worth £x more than the standard RS, if it holds its value better in cash terms, then it could well be cheaper overall.
