Which Cars Could Be Future Classics? Potential Investments Examined
Everyone has their own version of the perfect car. If you think back to your teenage years, you probably had a picture of it on your bedroom wall. Usually red, and usually a Ferrari, this was always the ideal car, and one that you promised yourself you would always drive. Sadly, life rarely turns out like we’d hoped during our teenage years and many of us will have never had the chance to drive our dream car. You may have never have had the chance to achieve this life goal so far, but that’s no reason to give in completely. In fact, such a dream could now be more plausible than ever; especially if you can find a car that’s almost guaranteed to be a future classic the world will be envious of. How do we do that? By following Jay Leno’s blueprint for success…
A Spotlight on Investment Tips: Jay Leno
In an interview with an American magazine, Jay Leno confessed his ever growing love for classic cars. A known enthusiast, this revelation came as no surprise. What did come as a surprise, however, was his revelation that he’s “never lost money on cars”. So, with this in mind, what is his secret? Well, it’s simple; just buy the cars you love.
The analogy he summarises is just perfect for summarising exactly why following your heart is just as important as following your head. Ten years ago, Leno wanted to buy a used McLaren F1. Having only done 2,500 miles, the price was still $800,000. Too much to pay he thought, but his wife convinced him otherwise.
Last year, it was proven that his wife was correct, with one selling at auction for a whopping $4.1m, with Leno quintupling his money. Of course, this is an extreme reaction, but the chances of buying a nest egg really are real.
Cars that Could Be Classics
So, with this in mind, what cars could be classics in the future, and why might it be wise to invest in them?
Subaru Impreza (1992-1997)
Made famous by Colin McRae and Richard Burns, the Subaru Impreza amassed a huge following from rally fanatics across the world, with its shocking blue exterior and yellow detailing becoming synonymous with the rallying scene. The speed it cornered at and its ability to hug the road made it a favourite for motor enthusiasts and petrolheads alike and today, it remains as sought after as ever. Some of the more modern versions may have the gadgets and gizmos but the 2.0 litre, 4 wheel drive option made between 1992 and 1997 is still considered among the best for the overall driving experience. There are modified ones all across the market, but the original models are thin on the ground now. If you find one, it looks like it could be the perfect chance to snap up a bargain.
VW Golf GTI MkII (1984-1992)
The MkII may not quite be as punchy as the MkI, but it still packs a heck of a punch. The original model Golf is too expensive for most collectors, but the MkII still largely remains very affordable. Although it isn’t as fast as the original because it’s a little heavier, it is far more civilised, comfortable and practical, making it the perfect car to use as well as own.
Originally, critics felt that the weight gain was unnecessary, but contemporary analysis shows that this was far from the case. Available as an 8 valve and a 16 valve model, both are still valuable and won’t cost you the earth.
If you keep it clean and in good repair, it should be worth considerably more in 5-10 years.
Lotus Elise (1996-1999)
Weighing only 725kg, the Lotus Elise was undoubtedly quick, even with an engine with an output of only 118bhp. With a maximum speed of 124mph and a 0-60 time of only 5.5 seconds, it was a favourite of petrolheads across the land. One thing that everyone loved about the Elise was the noise it produced. Fizzing down the road like a firework but gripping to the road like a tram, the Lotus was an engineering masterpiece.
As an original, it would be staggering if the value didn’t skyrocket. Having said that, it is vitally important to check that the vehicle wasn’t involved in a crash. Due to the fact that they were incredibly lightweight, they didn’t always survive well and were notoriously tricky to repair. Check the log book. If any repairs weren’t carried out by a certified dealer then it is advisable to stay well away.
In terms of specific models, the older the model the better. The first ones were fitted with metal matrix composite (MMC) brake discs, which last well but are hideously expensive to replace (if you can even find them). This, however, makes the car very rare and if you’re looking to sell in the future, this is the model to look out for.
There we have it, three cars which look well tipped to be future classics. Just remember to follow Jay Leno’s advice. Follow your heart and your head when it comes to deciding what’s right for you.
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