Appreciating Future Classic for under £5k

[Kingdom35]

Hi

I'm possibly going to inherit a few thousand shortly and I'm looking at ways to mix my interests with putting this money into something worthwhile long term.

Where would your money go? Potential Appreciating Classic? Stocks and Shares? Anything else?

[mike-v2tmf]

I'de invest in a season ticket at a high class we house , buy a brewery , the rest I would waste

[Kingdom35]

Thanks for the advice but not sure that's what I'm looking for. Although my best friend invested a few grand from inheritance in a Craft beer company recently :-)

[RCK974X]

Boring but sane advice -

Pay off any debt you have first. If you have a mortgage, see if you can pay off part of it with the money.

Why ??

At current rates, investment return is all pretty much garbage, even stock and shares.
About the only thing which appreciates quickly is housing in certain cities.
Sure, there are exceptions for classic cars, but you REALLY have to know what you are doing, and many classics are actually NOT that good a deal.

But debt, including mortgage, always charges interest at higher rates. Plus it's then compounded, making it even worse.

Yeah, OK, I'll get my coat

[phillpot]

I fear an "appreciating future Classic" for under £5k will more likely be a "depreciating pile of rust"

[magpies]

phillpot said:

I fear an "appreciating future Classic" for under £5k will more likely be a "depreciating pile of rust"

unless it is a TVR S Series

[FWIW]

VX220 at 8 or 9k.

Mortgage interest at sub 2%...inflation c.3%...index tracker fund at, well, if it only did 5% you’d be unlucky. I know what I’d do.

[Efbe]

I bought a project 67 mustang a few years back, has appreciated very well since then.

how about something old and american?
https://www.ebay.co.uk/itm/STUDEBAKER-CHAMPION-BUL...

https://www.ebay.co.uk/itm/Dodge-D200-pickup-1968-...

https://www.ebay.co.uk/itm/1959-Chevrolet-Apache-p...

Edited by Efbe on Saturday 4th November 22:54

[m4tti]

Leave it in the bank and hope that the interest rates go up. Any TVR at that price now will be a money pit.

Any on who tells you differen is bull stting you

[phillpot]

m4tti said:

Leave it in the bank and hope that the interest rates go up.

As if by magic...... interest rate rise

[Andrew Gray]

Wrong place to ask you wont get an early TVR at that money

Try the Wedge forum i am sure you will find plenty there that will persuade you that you will find a great car and they are great investments.

Buy one at £3k spend another £3k over a few years on the excuse of protecting your investment sell after that at £4.5 k yup great investment?.

Same goes for all classics unless your spending megga money putting into storage then selling 5 years later.
Classic cars are about passion fun and enjoyment not about investment.

Yes the early TVRS have gone up in 10years in fairness the only winners have been those who bought them 15 years ago and are now selling because they are no longer able to drive them.
Or those who bought cheap many years ago and intended to restore stored and never did anything and now sell.
Those who say bought like i did on my 3000s 7 years ago and paid what was probably at the top of the prices at the time then used abused Loved and enjoyed maintained it,yes the value has gone up however i will probably have spent on insurance maintenance upgrades etc most if not all the increase in value.
So from an investment point not great,as for value for money amazing and the best thing i ever did.
So no investment but a fantastic asset as you get so much enjoyment.

One thing to remember is the difference between an investment and an Asset.

Your Home is not an investment or an asset you need somewhere to live and whatever its worth up or down you still need to buy somewhere to live if you sell .
A second home thats creating an income thats an Asset and if its going up in value also an investment.

Same with classic cars the excuse of well its an investment is mostly something made up buy men to justify to there Wives about buying a classic and the time they spend working (playing) on them.

You buy a classic because you love them well be it a Wedge a Griffith a Morris Minor or a Mini.

Leave the collectors investors to the Premium cars that sadly often never see the light of day and remember prices go down as well as up the nice thing about affordable classics is they cant fall far in comparison .

Andrew

Edited by Andrew Gray on Sunday 5th November 10:46

[plasticpig72]

I think the only way to "appreciate" a classic car for £5,000 is to drive it
Alan

[QBee]

Sadly I agree with all of the above. Even though I love my TVR and see prices rising every year, the maintenance outweighs the gains. And if you actually use it and put miles on it..... I heard of someone recently refusing to drive his Sagaris 60 miles to a friendly garage because it would "put miles on it".

The best appreciating investment I have is my pension fund.
Boring but true.
The fund managers have grown it from a meagre £70k to an improving £140k in 8 years.
It is still a million miles from allowing me to retire, which is my fault, not theirs....but it has been appreciating by around 10% a year compound.
To be fair, the FTSE 100 has grown by a similar amount in the same period.

The advantage of having a pension fund manager actively managing the investment is that my fund didn't get caught out by the 2008 crash, whereas the FTSE100 did - the guy with the red braces saw it coming.

[Kingdom35]

Efbe said:

I bought a project 67 mustang a few years back, has appreciated very well since then.

how about something old and american?
https://www.ebay.co.uk/itm/STUDEBAKER-CHAMPION-BUL...

https://www.ebay.co.uk/itm/Dodge-D200-pickup-1968-...

https://www.ebay.co.uk/itm/1959-Chevrolet-Apache-p...

Edited by Efbe on Saturday 4th November 22:54

Hmm id like that Apache...not sure the neighbours would :-)

[anonymous-user]

A better question for the lounge forum really, as has been said you’ll be lucky to get a good TVR classic for that although I would buy this tomorrow as a bit of a punt:

1982 TVR BLUE 2,8i TASMIN CONVERTIBLE FANTASTIC CONDITION INSIDE AND OUT https://rover.ebay.com/rover/0/0/0?mpre=https%3A%2...

[vixen1700]

V6Pushfit said:

A better question for the lounge forum really, as has been said you’ll be lucky to get a good TVR classic for that although I would buy this tomorrow as a bit of a punt:

1982 TVR BLUE 2,8i TASMIN CONVERTIBLE FANTASTIC CONDITION INSIDE AND OUT https://rover.ebay.com/rover/0/0/0?mpre=https%3A%2...

Love the air con.

[non_linear]

vixen1700 said:

V6Pushfit said:

A better question for the lounge forum really, as has been said you’ll be lucky to get a good TVR classic for that although I would buy this tomorrow as a bit of a punt:

1982 TVR BLUE 2,8i TASMIN CONVERTIBLE FANTASTIC CONDITION INSIDE AND OUT https://rover.ebay.com/rover/0/0/0?mpre=https%3A%2...

Love the air con.

Is it a trick of the light or is that a pool of liquid emerging from under it?

[QBee]

non_linear said:

vixen1700 said:

V6Pushfit said:

A better question for the lounge forum really, as has been said you’ll be lucky to get a good TVR classic for that although I would buy this tomorrow as a bit of a punt:

1982 TVR BLUE 2,8i TASMIN CONVERTIBLE FANTASTIC CONDITION INSIDE AND OUT https://rover.ebay.com/rover/0/0/0?mpre=https%3A%2...

Love the air con.

Is it a trick of the light or is that a pool of liquid emerging from under it?

What’s going on in the bottom front of the engine bay photo? Looks like a small fire.....?

[anonymous-user]

QBee said:

What’s going on in the bottom front of the engine bay photo? Looks like a small fire.....?

Yes a fire. If you buy it then send me £1200 and I’ll guarantee when you pick it up it’ll be running.

[m4tti]

These guys are hilarious...

It's ok, they can get it back to a running state for £499... "

Apparently ....
"VERY RARE CAR , A DEFINITELY A CLASSIC INVESTMENT , BETTER THAN MONEY IN THE BANK "

I don't think so... wedges are a marmite car. They'll never be as desirable as the early cars, like a vixen and will never be as popular as the post Griffith cars.

They also need to practice some written English.

Then there's this gem

"FANTASTIC CONDITION INSIDE AND OUT"

It doesn't fking run you anus. You want £499 to make it run. What part of that makes it fantastic.