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Can you buy an everyday car that will increase in value ?Views : 5441 Replies : 106Users Viewing This Thread : |
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Dec 5th, 2017, 16:13 | #21 |
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So how much money has your friend made on his Continental GT he's had from new?
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Dec 5th, 2017, 16:25 | #22 |
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Dec 5th, 2017, 17:37 | #23 | |
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Dec 5th, 2017, 17:38 | #24 |
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So what, it's just a list of cars.
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Dec 5th, 2017, 17:40 | #25 |
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A Bentley Continental is not what most folks think of when thinking of an everyday car any more than Harrods would be regarded as a corner shop. If you live in SW1 then, yes, it could well be, but not to most folks.
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Dec 5th, 2017, 17:44 | #26 |
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Your post isn't relevant, the Bentley is on the list as a car you can use everyday and will rise in value - it can be and it is just a list.
If you're not interested why bother to post ? Jon. Last edited by Prufrock; Dec 5th, 2017 at 17:48. Reason: spelling - ride instead of rise ! |
Dec 5th, 2017, 18:17 | #27 |
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The first big question here is what one calls a 'daily driver', if you can afford a Bentley Continental I suppose it would be very nice to drive everyday and maintenance shouldn't be too much of a problem. But then that list includes a Ford Capri, they used to be fairly common with a lot of people driving them everyday but by now the youngest one will be over 30 years old, with all of the issues related to old cars such as wear and deterioration and the higher maintenance needs set against less availability of parts.
The only car I had which might fit the bill was my Suzuki SC100, a little 2+2, my first one in 1986 cost about £2500, I sold my second one in 1998 for £750, there's a good one (not concours) for sale on Car and Classic for £4999, so if I'd kept them I would be showing a profit, except that would be a bit like a Brewer profit on Wheeler Dealers, over the last 20 years to keep that car in roadworthy condition would probably have required some serious body rust repairs and a respray, an engine rebuild, and a host of other repairs. But then also bear in mind that the reason I had to get rid of it was not because I didn't enjoy driving it but because it was a nightmare to get parts for it, before I sold it it sat in my garage for about 6 months as I tried to get two 'plates' for the suspension, it was a long cycle of weekly trips to the dealer - 'No sorry they've not come in' - 'We'll phone head office' - 'We're waiting to hear from Japan' - etc etc, until eventually I had to trawl around the local engineering workshops to get them specially made, hardly what one wants from a 'Daily Driver'. If we're looking at something reasonably common and reasonably new to buy now for keeping for years we are as TripleS suggests subject to the vagaries of fashion, how many Ford Escorts were consigned to scrap as being old fashioned which would now be Retro and cool? There's loads of cars out there now which will last well given a modest amount of care, but will anyone want a Nissan Micra in 2050? Watching some of the car shows on telly there does seem to be some demand for the cars that the now wealthy 50 year olds used to drive when they were kids, so the Micra (with a dollop of nostalgia) may have some chance.
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Dec 5th, 2017, 19:34 | #28 |
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I would buy a cheap, clean sporty hatchback- preferably mk1s. Makes me sick when I see the value of my/friends old cars- Renault 5 turbo,106 rallye, Clio Williams, 205/106 gti.
Buy a clio trophy or a Audi s3 225 bam or maybe a clean Megane 225 f1 r36. Maybe a lupo gti?
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Dec 5th, 2017, 19:44 | #29 |
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I agree on the Suzuki, 'DaveNP'. I had a test drive in one in the early '80s with a view to replacing my '78 Mini with it. But then Linda and I decided to get married, and changing the car ceased to be a priority. Incidentally, the Mini was eventually sold for £600 in 1984 - how much would it be worth today? It was replaced by my first Volvo, a 1972 145E, purchased on a whim, on holiday, in Bournemouth for £650!
Regarding the Bentley; I once knew a chap who in the early '70s ran a '49 Mk 6 Standard Steel saloon as a daily driver. Appreciating even then, he claimed with some justification that the car was cheaper to run per mile than many much smaller cars - but he was very much the exception rather than the rule! I think your point regarding nostalgia is also well made. I feel this may explain the record high prices currently being achieved at auction by cars from the '60s and '70s that must have been 'mothballed' immediately after purchase, so low are the mileages they have covered. I do recall jokingly saying to Linda that we ought to buy one of the last original 'classic' Minis when they were discontinued and preserve it for maybe 20 years. But we could neither have justified the expense, nor had we the heated, humidity controlled garage in which to store it as an investment. Had we been able to do so, the £10K purchase price would probably show a three-fold return today - certainly much more than money in the bank would do! But there's the rub; do the people who buy such cars then keep them in a museum to preserve their originality and value, or enjoy using them, which destroys it? Regards, John.
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Dec 5th, 2017, 22:28 | #30 | |
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