17 Classic Cars to buy now & why they're a better investment than Property!

what a tough year this has been and how unpredictable even as i record this london is reeling under newly imposed tier 3 restrictions as coronavirus infections continue to rise even as they've deployed a vaccine the unpredictability of course spread to the car industry and new car sales took an absolute battering this year used cars on the other hand have done rather well but how about classic cars well with the economy crashing the market being mostly limited to online selling and the implications of the 2030 ice that's internal combustion engine car ban in the uk and similarly in other countries you could justifiably imagine that trying to figure out which classic cars to buy next year both for your petrol head fix and also as an investment if that sort of thing is still possible it's potentially a minefield right now but in this video we'll do both and you know what there's quite a bit of good news to be had so sit back turn up your headphones and be ready to take some notes because this is going to get interesting before we get into 17 classic cars to buy in 2021 and why they're a better investment than property make sure that you're subscribing to youtube.com forward slash brown car guy and brown car guy dot com follow me on all the social media channels by searching for hashtag brown car guy you can see it on my hat right there and sponsor my content at patreon.com more about that at the end of this video cool let's get into this so is it a good idea to invest in classics could you actually see your investment grow well yes you could more than some traditional investments in many cases now before i get into this research that was put out by vanorama recently and i'll put the link of the source below in the description something that they said and it's worth mentioning there are no guarantees there's always a risk involved in investments and cars are no different in fact in addition to the rising asset value of cars you need to consider storage maintenance insurance costs plus repair and restoration expenses especially if you intend to run them that said the average value of an affordable classic has been seen to increase by 97 over a decade even in half that time values were seen to increase by as much as 33 keep in mind that's usually how much a new car depreciates by in its first year so instead of losing 30 to 50 on the new car in this first few years think about this you could buy a usable daily driver modern classic and potentially make that much in the same period so vanorama looked at the value of things like stocks and shares property art at an investment level of about fifteen thousand pounds they chose that value to compare to equivalent classics uh classic cars going for about the same money what they found was that the five cars that they looked at all gained more value over a decade than some of these things so from the char you can see that whilst stocks do well in the shorter term over a ten year period a classic car appreciates by almost as much 97 compared to 107 for stocks however classic cars are consistently ahead of property doubling value in over a decade and that's a surprise and they are well ahead of art and even gold looking at the cars they chose to study with starting prices below 15 000 pounds in 2010 they identified the 1961 volvo p 1800 as the best place to see your money grow rising in value by 283 percent that's an extra 22 000 pounds added to its value interestingly according to the chart the value seems to rock it up in 2017 incidentally that's when the great sir roger moore passed away he made the car famous in his role as tv's the saint before he became james bond keep in mind things like this do often have an impact on classic car values now it's great to see japanese cars being acknowledged loved and recognized as classics worthy of investment with the wankel engine 1981 mazda rx-7 in second place rising by 239 the legendary vw beetle of course is right up there at third place at 157 increasing by 10 000 pounds i'm a little surprised by the 1968 ford mustang gt being so low on the list at 67 percent but i suspect that's a little skewed because 60s muscle cars rose deeply in value over the previous decade particularly in the mid to late 2000s i've been saying for a couple of years now that the xjs also later a saint carr when he was played by ian ogilvy was a good place to put your money and sure enough they went up by 39 and i suspect they will increase a lot more in the coming decade now what about 2020 this crazy year surely no one is buying classics during all these lockdowns right well actually a lot of people with a bit of money found themselves sat at home with nothing to do but surf the internet with itchy trigger fingers and a restless credit card unsurprisingly quite a few auction houses have reported record results this year one gooding and co reported 9.2 million dollars worth of sales and a 77 sell-through rate for its online auction bring a trailer.com had some of the most traffic to their website ever during the strictest lockdowns so actually the market has remained consistently strong before we get into actual cars that you should think about investing in what makes a classic car likely to be collectible and hence appreciate in value well obviously demand people hunting for them snapping them up that of course makes them special porsche 911s always fall into this category for example but be aware demand is not always consistent as mentioned with the volvo p1800 for example they could be triggered by topical events death for famous people's ferrari values shot up in the late 80s after founder enzo ferrari died or it could be to do with anniversaries of some kind and sometimes if something suddenly starts trending on social media of course demand can lead to rarity and of course scarcity will see values increase however that doesn't mean that you've already missed out and can't afford one because even when that happens hunt around carefully because often classics especially modern classics are wood owners who don't realize their potential values or don't want to be bothered with restoring or reviving the cars and that's when you could bag yourself a bargain for example third generation honda produced values are going up because of its unique sleek design it's clever engineering and including being the first production car on sale to have mechanical four-wheel steering those are hard to find yet i've seen one being driven around here as a beat up daily driver in my local area i'm still trying to identify who actually owns it because i don't think they realize it's value it's a clever car and that segues to the next important aspect of what makes a classic collectible designing technology which of course plays a big part in the car's desirability and classic status especially if something was unique significant or epochal in its day values of the original mclaren f1 supercar are stratospheric because it was so advanced and highly engineered in its day then there's just plain nostalgia and this is often a generational thing and is why as i mentioned earlier you can have situations where suddenly there was a boom in 60s muscle cars it was due to the generation that grew up with them cashing in retirement checks and wanting to live out their childhood dreams don't forget pop culture like movies etc it's why the delorean a car that arguably was a failure in its day for a number of reasons that i won't get into but then made famous by the back to the future series remains a solid investment and a much loved cult classic and finally of course there is that that indefinable x factor something that it just makes a car special like the world rally championship dominating audio quattro james dean's fateful porsche and of course steve mcqueen's bullet mustang stuff like that so insurance specialists hagerty do uh something that they call a bull market list in which they pick their top 10 cars to invest in they do it for the uk and the usa i won't list all of them but i'll pick out some of the cards they mentioned but i'll leave out the obvious ones for example ferraris lamborghinis and porsches etc i mean having said that the original tesla rosa and the 328 that's the one after the one that magnum drove which was the 308 they are both solid investments right now and having hit its 30th anniversary i think we'll see lamborghini diablo values rise more steeply especially as it was the last car designed before our dvw group's involvement and hence arguably the last pure lambo as for porsches aside from the 911 which always does well the 928 is doing well 944 924 have all seen their values go up i'd say it might be a good idea right now to snap up a 968 next year before we get into some of the other cars they recommend it's interesting to know what they say regarding the 2010 2030 ban on petrol and diesel cars car sales while it won't prohibit the sale of classic cars it is ultimately trying to discourage people from using fossil fuels so they reckon there's a possibility that it might dampen classic car values personally even if that does happen i think it will be a temporary blip for two reasons firstly i think petrol and diesel cars will be around at least until 2040 if not beyond as i discussed in another video because many of us will still be driving conventional ice cars probably right up to 2050 remember the sale of used cars was not going to be banned just new ones and secondly the move to electric cars could actually see classics become more desirable people want to keep might want to keep hold of them so i'm actually pretty certain that values will increase and there will be a surge on so-called modern classics and cars that we don't yet think of as classics for example a 2020 present-day honda civic type r which is an awesome machine will be a 30 year old classic by 2050 and you just know it will still be a reliable runner think about that so focusing on the less obvious classics here's what caught my eye in the haggarty list the first generation land rover discovery series 1 from 1989 to 1998 that's a somewhat unusual suggestion particularly as most of these are either well worn and battered or highly modified for hardcore off-road use now but i reviewed this car back in 1990 and it was a standard setter a family suv based on the range rover at the time you know i recently reviewed the brand new defender and i did say in that video that it feels more like a successor to the original discovery than the previous defender so good original model discoveries are becoming collectible in fact hagerty saw disco prices up by over 15 percent compared to 2019. the mercedes sls amg with the golden doors i mean come on and it's a proper german muscle car loud and theatrical you gotta love it currently at around the 170 000 pound mark prices have increased recently by 2.5 percent the original mini cooper can you believe the prices for a 1960s car are around 24 000 pounds and while they didn't have much movement this year these are becoming rare and highly collectible the 1986-1991 renault 5 gt turbo is something of a legend and prices have rocketed by 39 it's still possible to get one for under 15 000 pounds but act fast during the third generation mr2 the little mid-engine roach there that looked a bit like a porsche boxster and actually was my favorite in that lineup is an absolute bargain at the moment you can pick one up for two or three grand easily but values have seen a rise of over 12 so get one now interestingly hagerty also has the 1964 honda s600 on the list i'd also add in its successor the s800 from 1967. they're both very rare but brilliant by all accounts another surprise might be the 2006 jeep grand cherokee srt8 but actually i can see a trend emerging not just for these but all the early srt models with the big hemis like the chrysler 300c for example well worth it right now perhaps equally astonishing to some the j80 series toyota land cruiser of the 1990s is listed this generation is often regarded as the best of the modern versions indestructible reliable highly capable and sure to be rewarded for its legendary status with rising values now here's a few suggestions of my own i mentioned 60s muscle cars earlier now i reckon it's time for the 80s versions things like the chevrolet camaro and the pontiac fiber trans am the camaro z28 and the iconic iroc zed from the from the mid 80s are highly sought after and collectible now but i always prefer the trans am with the pop-up lights particularly because that was the night rider car you can pick these up for under 10 000 pounds and even customize them to look like it the proof that they are experiencing a bit of a renaissance well one featured prominently in the first series of the karate kid continuation series on netflix cobra kai check it out earlier i mentioned the jaguar xjs i still have one but right now i'd also be looking at early xk models from 1997 onwards for a while they looked dated but now they're starting to look sexy again plenty of those around so be picky and get the best one you can everyone went super crazy last year with the arrival of the all-new muscle car from toyota but they were all looking at the 1990s 880 version as featured in the first fast and furious movie prices have already shut up for those so now look instead to the previous a70 and a60 versions from the 1980s i actually owned a 1984 car once i miss it so much today it's worth more than 10 times what i paid for it in the mid 90s similarly check out the 1990s nissan 300 zxz32 edition i feel it's been overlooked and is about to have its day the bmw 8 series e31 has been on the up for the last couple of years it's still possible to get these for around 15 000 pounds and they're well worth it but i'd also highly recommend the 1980s mercedes s-class coupe especially the 560 sec that was a truly lust-worthy beast prices are already in ascendance spend between 20 to 40 thousand pounds and keep it safe or cruising it because it's really cool now there's tons more cars that i could add to this list but i'll end for now with probably another surprise the original lexus ls400 yep these were dirt cheap a while back but good ones have crept back to over ten thousand pounds or more in some cases remember in the criteria that we mentioned earlier cars that are or were apocalypse technological advancements well this car was japan putting all the german luxury cars in the shade at a single stroke they had crisis meetings in stuttgart when the ls400 came out i remember being totally blown away by just how supreme it was when i reviewed it back in 1990. it's definitely worthy of a footnote if not an entire chapter in the annals of automotive history and it will become so after find a good one and keep it safe and that applies to everything really as stated earlier i do think all surviving traditional internal combustion engine cars will become future classics as we roll on towards an electric-only future so if there are cars that you've always loved liked and wanted now is the time get them drive them enjoy them while you still can and rest assured even when the driving stops because the governments literally eventually legislate us off the roads i reckon probably around 2050 the values of your classic car will still go up after all cars with internal combustion engines will become historical artifacts of mankind's progress because let's be honest without them so many of us wouldn't have had the mobility that we've become so used to let me know what you think about that also in the comments below tell me what classic or modern classic you reckon is a good bet for fun and investment in 2021 also of course make sure that you are subscribing to youtube dot com forward slash brown car guy and hit that notifications bell icon so you don't miss any of these videos also subscribe to browncarguy.com and follow me on all the social media just search for my hashtag browncarguy if you enjoy my content or have benefited from this video please consider sponsoring me and you can do that at patreon.com forward slash shazad check where you can join baba dalia maid over in the uae great guy i did a buddies video with him on this channel recently i've also done the same with tom conway gordon and partha srinivasan who is also an amazing person to get help from if you're doing stuff on the internet social media and youtube channels in fact he's helped me to grow this one find him on parsons.com and of course check out those buddies conversations on this channel just find the playlist here check out isaac beauchard over at bespokeautos.com in the states get some cool cars off him plus shout outs of course to reza ardell find him on instagram at alizard.cigars muhammad kasim he's of william e er henley management services at wehms.com and of course sarajabarsi at virtuoso design.london thanks so much for watching and i'll catch you again all again soon in the next video you

Channel: Brown Car Guy

Views: 121,653

Keywords: BCGDaily, car, cars, carblogger, motoring, automotive, carguy, diary, vlog, update, news, bulletin, motoring journalist, classic cars, classics, investments, buying advice, 2021, money, vanarama, hagerty

Id: qsJmc78g-_E

Length: 18min 24sec (1104 seconds)

Published: Thu Dec 17 2020