Is it worth mothballing?
Discussion
I currently have an 8P Audi S3 which is 11 years old in December, I have owned the car from new and it has only done 33,000 miles, FASH and is immaculate.
My new car arrives next week and I don't have to sell the S3. A friend advises me to mothball it for 15 years as "it will become a "classic".
I'm not so sure as it's not exactly a rare car, would it become an appreciating asset in 15-20 years, what's the PH consensus?
My new car arrives next week and I don't have to sell the S3. A friend advises me to mothball it for 15 years as "it will become a "classic".
I'm not so sure as it's not exactly a rare car, would it become an appreciating asset in 15-20 years, what's the PH consensus?
There are some truly s
t cars out there that are appreciating now, its all the rage these days so I wouldn't be surprised. I mean would you have looked twice at half of some cars back in the day that are now selling for more than retail?
Personally Id sell and buy something interesting but it depends what you want. something 90's or early 00's JDM. S14/15, Honda of some sort (DC2/5, FD2). Maybe a nice e46 M3 if your budget allowed.
What differentiates an S3 from any other turbo 4 banger?
t cars out there that are appreciating now, its all the rage these days so I wouldn't be surprised. I mean would you have looked twice at half of some cars back in the day that are now selling for more than retail? Personally Id sell and buy something interesting but it depends what you want. something 90's or early 00's JDM. S14/15, Honda of some sort (DC2/5, FD2). Maybe a nice e46 M3 if your budget allowed.
What differentiates an S3 from any other turbo 4 banger?
digimeistter said:
I currently have an 8P Audi S3 which is 11 years old in December, I have owned the car from new and it has only done 33,000 miles, FASH and is immaculate.
My new car arrives next week and I don't have to sell the S3. A friend advises me to mothball it for 15 years as "it will become a "classic".
I'm not so sure as it's not exactly a rare car, would it become an appreciating asset in 15-20 years, what's the PH consensus?
I think it will have appeal down the line, not sure if it'll appreciate all that much though. But I can't see any of this really happening in 15 years.My new car arrives next week and I don't have to sell the S3. A friend advises me to mothball it for 15 years as "it will become a "classic".
I'm not so sure as it's not exactly a rare car, would it become an appreciating asset in 15-20 years, what's the PH consensus?
Lets face is a 26 year old car today is only a a 1994 vintage... Unless it was something really interesting I don't think many people would consider it much more than 'just an old car'.
e.g. how desirable is a MK Golf Gti at present?
There certainly seems to be sub £1k offerings about, and £1500 looks to buy you a good one.
Now, if you said 25-30 years time. I think that would put a different slant on it.
As others have already mentioned there are currently some astoundingly st and mundane cars that are ''appreciating'' at the moment... all due to government and BoE policy of cheap money and easy credit, creating asset price bubbles all over the place.
If you're confident that current monetary policy is going to continue for another 10, 15 or 20 years then maybe it might be worth hanging on to.
Although I doubt any car that isn't already capable of being regarded as an ''appreciating classic'' in this current crazy bubble is likely to never achieve such exulted status.
t and mundane cars that are ''appreciating'' at the moment... all due to government and BoE policy of cheap money and easy credit, creating asset price bubbles all over the place.If you're confident that current monetary policy is going to continue for another 10, 15 or 20 years then maybe it might be worth hanging on to.
Although I doubt any car that isn't already capable of being regarded as an ''appreciating classic'' in this current crazy bubble is likely to never achieve such exulted status.
It's way too new and there wasn't much special about it. It's a gamble that you will lose i reckon. They are holding their value well but that's just because it's a fast Audi. They will slowly depreciate over time.
Also, if you were really willing to take the risk, do you have means to store it? I.E. Garage space, other onsite storage, offside storage, etc. You couldn't use it as daily and the mileage would need to be low.
The main issue is, it's very doubtful that they will appreciate. The previous S3, the 8L, probably won't either. You'll be forever waiting for a boom that never actually happens, i'm afraid.
Also, if you were really willing to take the risk, do you have means to store it? I.E. Garage space, other onsite storage, offside storage, etc. You couldn't use it as daily and the mileage would need to be low.
The main issue is, it's very doubtful that they will appreciate. The previous S3, the 8L, probably won't either. You'll be forever waiting for a boom that never actually happens, i'm afraid.
I think the main issue is volume of manufacture. There are over 2,000 still on the road (according to 'howmanyleft') so that number would have to plummet in 15yrs to increase values. Some of the more mundane older cars have increased in value due to scarcity rather than desirability (imo of course).
Terra1 said:
I think the main issue is volume of manufacture. There are over 2,000 still on the road (according to 'howmanyleft') so that number would have to plummet in 15yrs to increase values. Some of the more mundane older cars have increased in value due to scarcity rather than desirability (imo of course).
I recently sold a 1996 mitsubishi mirage asti, proper gran turismo generation car...of which there are maybe 5-6 in the UK, and not a huge amount more elsewhere these days.At 22 years old it went for £2k...whilst not bad money for a 22 year old car with 140k on the clock, given its incredible rarity and unusual spec, thats relative peanuts. Rarity doesn't always equate to stratospheric increases in value.
The S3 might well be worth more than average in 15 years time, but I can't see it appreciating the same way an RS or quattro badged audi would/is.
Im kind of in the same situation, new company car arrives next month and i have SORN'd my EP3 Civic Type R (06 plate) i've had it from nearly new - Honda UK owned briefly, but its done around 70k miles, it has FHSH.
I have space in our garages, so space isn't an issue and i don't NEED the money. Any new owner wont be worthy of it obviously and i will probably cry if i sold it but i cant see me sitting on it for 25 years!
I will have to make a decision in the coming months....
I have space in our garages, so space isn't an issue and i don't NEED the money. Any new owner wont be worthy of it obviously and i will probably cry if i sold it but i cant see me sitting on it for 25 years!
I will have to make a decision in the coming months....
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