Post-war sports cars are good investments
It’s an often stated fact that cars are fast-depreciating assets which make no investment sense whatsoever. But not always. There are exceptions to the rule – but most of these aren’t much fun – like taxis, hire cars, working vehicles, etc.
Nevertheless, classic cars are well-known for retaining their value and, generally, increasing in value if they’re kept in immaculate condition.
Of all the cars that have increased in value over the past few decades, post-war British classic sportscars stand out as having proved to be excellent investments. Obviously, the older they are, the rarer and more expensive they become, as few are taken care of so well as to remain in good enough condition to be categorised as collector quality
. Certain vehicles stand out; the E-Type Jaguar, the Austin-Healeys, MGs, Aston Martins, and Triumph Stags, the TR range and Spitfires are obvious examples.
Anyone who owns such a vehicle in mint condition will be quick to tell you how much hard work is involved in maintaining that condition. They not only need to have their engines lovingly maintained, but it’s vital to keep on top of any damage to the bodywork, as cars from this era will easily rust.
But remember that the ordinary cars of today will become tomorrow’s classics – particularly if they stand out from the crowd for some reason.
The types of eco cars UK customers first bought in recent years spring to mind. Thirty or fifty years from now the first generation of hybrids will no doubt be looked upon as ground breaking and, probably, a little quirky. Whether our children will be looking back at them with deep respect or something of a condescending wry smile hardly matters.
For the fact is that they’ll probably be worth a bomb – if they’re kept in mint condition.