If you had £1000
- Thread starter J Arnold
- Start date
Old cars I like old cars better than I like modern cars . They are easier to fix
Dont like the rust though . Modern classics maybe
Dont like the rust though . Modern classics maybe
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Not now you wouldn't those with money are piling into classic cars big time now so even a popular Ford model is going to cost you several grand and rising. Still a good long term investment though as prices have climbed steadily for the last 10 years with some models getting silly.
You could buy up other 'period' items, I buy electronic games/computers from the early eighties, not going to retire on them (yet) but they are all climbing in value.
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I would just go on holiday with £1000.
Interested in those who have mentioned classic cars, what are your thoughts on the price direction of a classic fiat 500? or any classic cars under £10k you think would be a good investment?
Interested in those who have mentioned classic cars, what are your thoughts on the price direction of a classic fiat 500? or any classic cars under £10k you think would be a good investment?
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Have you been watching Wheeler Dealers too? I am not sure about modern classics being a good investment, but I would love to buy one and fix it up even if I never sold it.
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Um I actually do this I have a small workshop to maintain my small fleet so we have the gear .As I type I am actually in the middle of changing a starter motor on a Vauxhall combo .Im waiting for the replacement one we have to swap over or I get a £60 surcharge !!
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I have been a watcher of wheeler dealers for years, not that i mention that to many people.
I am fan of the late 60's early 70's cars mostly. Every car i have wanted and not purchased seems to have shot up out of my price now...GT6 mk2 in the last few years is one in particular i feel i have missed, even the spitfire seems to have gone up a few grand
I am fan of the late 60's early 70's cars mostly. Every car i have wanted and not purchased seems to have shot up out of my price now...GT6 mk2 in the last few years is one in particular i feel i have missed, even the spitfire seems to have gone up a few grand
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I used to have a 1966 Alfa Spyder which was the original boat tail model and when I bought it it had been completely restored. I sold it three years later for twice what I paid for it and whilst I would love another classic (Triumph TR4) my main problem now is the lack of a garage as I extended the kitchen into it so have nowhere to keep it
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What kind of man are you, wanting a bigger kitchen at the expense of the garage? If the Mrs would let me, I'd extent our garage into the kitchen.
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Open a help to buy ISA (which I have done)
4% interest and a 25% top up from Mr Osborne, be silly not too!
4% interest and a 25% top up from Mr Osborne, be silly not too!
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A man who loves his food
You can eat in the garage, but you can't keep a car in the kitchen.
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The same with all classic cars..up! I have owned several and always keep a careful eye on whats happening.
The thing is with the fiat and with all the marques the real money is in the limited edition models, so an abarth is always going to be way more desirable than a standard fiat 500.
For 10K, someone mentioned a GT6 they are starting to climb but you can decent ones under 10K, you *might* get a TR6 under £10K if you are lucky. Other notable triumphs are the dolomite sprint and vitesse convertible which fall within your price range.
Problem is 70s cars are becoming expensive so you might have to look early 80s, something like a BMW 653CSI (highline model if you can get one) or a Capri 2.8 injection. A hot hatch from that era, peugeot 205 gti (1.9 more desirable), mk2 fiesta xr2 (a friend has one that he paid £2500 for 5 years ago, 5-7.5k now). Golf gtis (both tin top and convertibles are climbing too).
Ideally you do need a garage, and more importantly *use the car*, doesn't do them any good holed up for months on end. And buy a car you desire and would enjoy driving, not necessarily the one that has the fastest appreciation. Go long term as well, really need to keep the car 5-10 years for good return, of course you never know the best time to get in and out like any market.
What would I buy now? Probably something that had a limited run production, I actually owned an Impreza WR1 back in 2006, there was only ever 500 made, they hit 10k about a year ago and are starting to climb, with that few around and over the years getting trashed/written off etc. means they could climb high. This is what happened with the RS500 Cosworth, £40k+ for one of those now.
Other than that I would just bust the piggy bank and buy an e-type (not LHD or auto), not much change out of £40K or a jensen interceptor mk3, not much change out of £30k.
What wouldn't I buy? Anything BL; allegro, princess, marina, sorry but those cars were sh*t back in the day and just plain dreadful now.
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I had one of those back in the day and it's roadholding frightened the life out of me. One morning the back end slid out when going round a large roundabout in the dry at only moderate speed and I lost all faith in it so part exchanged it a week later for a Porsche 928 which is another classic that could well appreciate in value.
The 928 may have only managed 15mpg but it ran on 2 star petrol - cue the youngsters asking "What the hell is 2 star petrol?"
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You have to be careful with classic cars. A few years back (maybe 15-20 years ago?) the bottom fell out of the classic car market. That was perhaps the cars in the £million category though.
Since many new models of cars look almost identical these days in the same way as most washing machines look similar, perhaps the old classics will hold their value. Either that or the car manufacturers will produce stylish cars again.
Since many new models of cars look almost identical these days in the same way as most washing machines look similar, perhaps the old classics will hold their value. Either that or the car manufacturers will produce stylish cars again.
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Yes it did fall, but not for all that long and did go across the board. I always use e-type Jags as my barometer for pricing, they had crept upto 60-70k pre that crash and fell to around 25k. Now back at the 40-50K mark for a decent one.
Really since the mid 90s everything has been on in the increase and I can't see them ever bottoming out as its becoming a viable investment mechanism, a great one at that as you get to actually use it too!
If you have the room and money, buy as many as you can and keep em!
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cheaper 1990s cars are a very safe bet now for a long term plan.
A Citroen BX or AX will make money over the next few years along with Renault 21s qnd 25s . Ford searras are going for good prices old Mercs Saabs and even volvos from 90s wiil soon start to go up in value
Making money on these cars should not mean that you buy something you like or looks goods and preforms well . Its all about how rare they are becoming
A Citroen BX or AX will make money over the next few years along with Renault 21s qnd 25s . Ford searras are going for good prices old Mercs Saabs and even volvos from 90s wiil soon start to go up in value
Making money on these cars should not mean that you buy something you like or looks goods and preforms well . Its all about how rare they are becoming
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I had a Citroen BX1.9 GTi as my daily driver 25 years ago and it was a pretty nice car if I remember rightly
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Odd that they don't factor in the wages Edd should be paid when they calculate their "profit"!
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I think we have had this conversation on here before, but your point is very true. They celebrate a profit even when they have taken a grand more than they paid for the car, but had a mechanic working on the car for 100 hours.
You've got to love 'reality' TV.
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If I was investing, it would go into my marketing budget. Based on the conversion rate i'm seeing in my PPC campaigns it would generate me a return or £40k+ in sales.
If I was spending, It would pay for a DJI Phantom quadcopter - because why not!
If I was spending, It would pay for a DJI Phantom quadcopter - because why not!
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So boring but I would buy a cheap little car! ...
It would have to be a very cheap car for £1,000 and you would probably pay more than that keeping it roadworthy
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A customer of ours (Mechanic) came across a 10 year old car, with 5000 miles on the clock, when the owner passed away, full service history, and was sold for less than £2000.
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R
Root 66 Woodshop
I paid £200 for a MKIII VW Golf with just 29k on the clock - old timer had it from new, had it serviced regularly, parts changed when they came to the age rather than when they're failing - kept it tip top, only down fall was MKIII golf badge and the paintwork was a bit tired.
Cost me the total of £150 over 3 years to keep it running and on the road, I only used it to work and back so in 3 years clocked a massive 5k miles... swapped it in the end for a Suzuki Vitara cost me nothing to run really and was a proper gem and will be a proper gem to the next guy that bought it.
Cost me the total of £150 over 3 years to keep it running and on the road, I only used it to work and back so in 3 years clocked a massive 5k miles... swapped it in the end for a Suzuki Vitara cost me nothing to run really and was a proper gem and will be a proper gem to the next guy that bought it.
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M
MrComputerSaint
There are loads of cars for under £1000. It wasn't that way for a while thanks to the scrapage scheme, but the cheaper cars are becoming more and more apparent now.
If I was going for a car I might try and find a 106 rallye, a one that needs work, maybe a 205 gti or 205 rallye. Clio 172 are cheap now, but it's the type of car right now that'll be getting less and less common. Just like the Saxo VTS, that hot hatch is rare now. Plus they're fun to drive.
If I was going to start a business with £1000, other than IT services, I'd start a small business based around www.preciousplastic.com
If I was going for a car I might try and find a 106 rallye, a one that needs work, maybe a 205 gti or 205 rallye. Clio 172 are cheap now, but it's the type of car right now that'll be getting less and less common. Just like the Saxo VTS, that hot hatch is rare now. Plus they're fun to drive.
If I was going to start a business with £1000, other than IT services, I'd start a small business based around www.preciousplastic.com
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