Shite Investments?

[Cheggers]

Hypothetical scenario for you - You have £3000 to invest for a period of 5 years. You have 2 choices what to do with the money:

 

1) Put it in the building society - at current rates you'll have approx. £3800 at the end of the 5 year term

 

2) Buy a car   - But what would give a better return than the building society after being garaged for 5 years?

 

 

My "Shite stock tips" would be 1990's Merc SL & late (oval dash) Porsche 944...what are yours??

[John F]

I'd buy a portfolio of good examples of the following cars:

 

1) Calibra V6, pre-V grille

2) MR2 Mk 2

3) Ford Puma 1.7

 

... and still have some cash left over to buy a bale of straw for the obligatory OMGBARNFIND ebay photos in 2019 

[carlo]

If I had the bottle (and space) to keep my 406 Coupe which nobody wants now I reckon it could be on the way to the figure you mention.  And it's not even worth a grand now, nowhere near apparently.

[Bren]

I would not buy a car.

 

Their values fluctuate too much - especially the stuff shitters could afford. If anything I'd buy a 70's motorcycle.

 

Plus if you had to get rid quick on ebay you would get £6.75.

[cms206]

Nana's Leg Varicose Vein Volvo 340s.

[skattrd]

Lancia Beta.

Renault GTA

Alfa 155

Range Rover Classic

 

All the above are sound investments and some of which might be coming up for sale shortly from skattrd_car_sales

[garbaldy]

Personally I wouldn't buy a car as an investment, spend 3 grand on a nice car that will last five years and if you manage to break even you've had free car hire,

[John F]

garbaldy, on 13 Nov 2014 - 09:55 AM, said:

Personally I wouldn't buy a car as an investment, spend 3 grand on a nice car that will last five years and if you manage to break even you've had free car hire,

 

I've had nine years use out of my £400 V6 Calibra, which has cost me less than £2000 (including the purchase price) in upkeep over the years & is currently worth about £1500...

[Craig the Princess]

15 Saab 900 Convertables.

[NorfolkNWeigh]

I'm not sure that the Ford Scene Tax will be sustained by the next generation of 'classic' buyers. 1990 onwards Fords ,with the exception maybe of the Puma and RS Focus , just haven't captured the imagination of car enthusiasts. So, I won't be filling a barn with mk6 Escorts and Focuses like I should have with mk1&2s.

Early Range Rovers are a cast iron investment and 3 rusty un-MOT'd but complete 3 doors will probably at least treble that £3k in 5 years and if they don't drive they won't cost a fortune in petrol.

For something to enjoy and make money on ,I think Panhard's got the right idea. I got my fingers burnt big time 10 years ago spending( and losing) nearly 10 times as much but even I'm thinking about a Spirit/Mulsanne ,I fear we've already missed the Shadow boat though.

Anything with two doors or a soft top and a prestige* badge will come good eventually, so a barn full of Saab900,Volvo C70,Audi,Merc,BMW floppy tops would be a good investment ,but maybe for 20 rather than 5 years.

All it takes is a film or telly programme to feature an obscure old car and suddenly everyone wants one- see Cortina GXL and urQuattro. Although that Idris Elba police thing didn't rocket Volvo 740 values.

[Asimo]

I've placed my bet by buying this. Rare, no rust, every so often there is an mpg panic which might boost prices.....

 

[warren t claim]

205 GTi 1.9

[Alan_Green]

1. Put the £3,000 in a tracker fund.

2. Rent out the garage to another "enthusiast" for £60 a month.

3. After 5 years - £3,600 rent plus £2,000 or whatever from the fund = £8,600 at the end.

 

OK, so that's no fun. How about this Impreza WRX UK300 but with a rally sticker kit:

http://www.ebay.co.uk/itm/SUBARU-IMPREZA-WRX-UK-300-UK300-LIMITED-EDITION-160-300-RARE-STANDARD-EXAMPLE-/321578136006?pt=Automobiles_UK&hash=item4adf8cf1c6 

[fordperv]

I would say buy a fiesta or escort from the 80s xr or rs badged, the rs badged sierra boat has sailed but maybe an xr badged sierra.

[wuvvum]

I'd buy 10 Mk4 Escorts.  Preferably 3-doors so they're sought after by futuristic scene mongs building RS Turbo replicas.

[warren t claim]

I'd buy 10 Mk4 Escorts.  Preferably 3-doors so they're sought after by futuristic scene mongs building RS Turbo replicas.

They'll never be worth big money. 

[vulgalour]

I'd buy something I like but don't want to own:  Reliant Scimitar.

 

I would like to think Reliant SS1s are going to be a good investment, but as is true of every car I like and want to own the values on them remain flat and the car undesirable except by a choice few.  It probably means they're shit, I do like a shit car.

[scruff]

Early Range Rovers are a cast iron investment and 3 rusty un-MOT'd but complete 3 doors will probably at least treble that £3k in 5 years and if they don't drive they won't cost a fortune in petrol.

 

 

How true that is. Friend of mine has just sold one - not especially early, a P plate - he bought in 2010 and never got round to touching, for five times what he paid. 

[Uncle Jimmy]

I wouldn't invest in cars at all, I don't think people will be as interested in them in the future or have the money to spend on them, plus environ mental legislation is going to get tough on cars.

There will be an interest in old cars but mostly in museums or wealthy collectors.

The yoof are more into gaming and fashion now so I'd be buying baseball caps, sneakers and old X boxes.

[vulgalour]

Disagree!  The yoof are just as into their cars as ever, you just have to understand what it is they want from a car.  There are yoofs (people under 30) here with all sorts of appalling old crocks that they enjoy breaking down in with regularity, so the cause is not a lost one.  Once electric cars or whatever the next big leap is going to be technologically speaking with personal transport is where the enthusiasm will kick-start again.

 

Adversity is the mother of invention so don't lose hope that stricter regulation is going to kill off interest, if anything it'll stoke it because there's nothing more satisfying that appearing to break the rules while staying within them, especially amongst yoofs.  Breaking rules is also popular by doing stupid things, like putting Tesla motors in Micras or whatever future-people will be doing.

[derskine]

I like to think of my Cortina and Polo as investments though I would never sell the Cortina so it can't really count.

The polo has a scene pineapple following, and is a GT, so will most likely go up in price soon.

The 18 on the other hand despite being hugely rare is absolutely worthless!

[cms206]

Reading more of this thread I clearly misread "shite investments" as "an investment which is not very good" and not "a shite car which will* accumulate value".

[anonymous user]

buy J40 pedal cars, they don't take up too much room and seem to increase in value, I've bought and sold (and given away) a few over the years. Twenty years ago you could buy a rough but complete one for £150, ten years ago about £500, now well over £1k for a rough but completeish one. The silghtly unfourtunate thing is I've been offered £3k for mine (bought for £150 about 25 years ago) but I'd rather keep it than have the money.

[oldcars]

I think the Rialto might go up a bit. They are cheapish just now, MK1 Robins and older Regals go for more money so i think it could be a wee earner.

[John F]

anonymous user, on 13 Nov 2014 - 5:09 PM, said:

buy J40 pedal cars, they don't take up too much room and seem to increase in value, I've bought and sold (and given away) a few over the years. Twenty years ago you could buy a rough but complete one for £150, ten years ago about £500, now well over £1k for a rough but completeish one. The silghtly unfourtunate thing is I've been offered £3k for mine (bought for £150 about 25 years ago) but I'd rather keep it than have the money.

 

You might be on to something there... I've just had a look on ebay, and it seems you can get GENUINE SHITE pedal cars!

 

Like this Renault Caravelle: http://www.ebay.co.uk/itm/Rare-Vintage-1960s-French-made-Morellet-Guerineau-Renault-Caravelle-Pedal-Car-/121485057087

 

 

 

For added shite appeal, it's just as rotten as an original, too...

 

[Tartan58]

Surely a (proper) Mini is a safe bet - these seem to be going for ever increasingly stupid amounts and £3k will get you a reasonably decent one.

15 years ago I bought a nice one owner unrestored Mk1 for £3k and sold it 2 years later for £3100 - probably would be worth about £10k now...

 

I'm hoping that MX5s will rocket in value - in particular the rust prone Mk2.5s, tend to be less 'enthusiast owned' so will probably start becoming rare quicker than the Mk1. Mine will stay festering in the garage until such time comes.

[John F]

Or if that's too capitalist for you, how about a Moskvitch?

 

 

http://www.ebay.co.uk/itm/EXTREMELY-RARE-1970s-VINTAGE-RUSSIAN-PEDAL-CAR-MOSKVITCH-MOSKVICH-SOVIET-TOY-/321559095175

 

 

Or for budding apparatchiks and oligarchs out there:

 

 

 

http://www.ebay.co.uk/itm/Pedal-Car-Moskvich-Moskvitch-Vintage-Retro-Giordani-63-Soviet-Toy-Metal-/321582995749

 

Wow. Just wow.

 

These are current adverts too, so mummy's little commissar won't even have to wait 10 years for it either

[John F]

Ah right, I hear you say. That might be alright for johnny foreigner's toddlers, but we're British and so are our kids.

 

So how about a Bentley?

 

 

 

Only* £4,500....

 

http://www.ebay.co.uk/itm/vintage-bentley-pedal-car-/271662856705?pt=Automobiles_UK&hash=item3f405e3a01

[DS20]

 

 

 

 

 

For added shite appeal, it's just as rotten as an original, too...

 

 

 

 

WILL PASS MOT NO BOTHER M8 

[New POD]

£3k you say ?

 

GENERATION 1 BINI cooper about 51 or 52 plate, with as many options ticked as possible, but not modified or tuned, and NOT an S or JCWs  

 

These are BETTER than the later GEN 2 cars, as the engine is nicer,  it has nicer details, and it's got ROVER relibability, especially in the gearbox, and electrics so like a modern Metro TuRbo.