If you’re the type who fancies spending more on a car than most do on a house then you may be sitting on a gold mine.
That’s especially true if you have a mid-1970s-era Porsche 911s sitting in the garage, prices for which have soared over 150% in the past 12 months. Whilst the classic car market as as whole is growing slightly slower than the past three years we can thank young money for doing their bit to keep things interesting. TimesLive reports:
“The notable exception is rapid growth among younger buyers who have entered the market and are exercising their buying power by spending on the poster cars of their youth.”
So other than the Porsche 911s what else is fetching a pretty penny?
There has been a 98% surge in value for that 1980s and early 90s supercar icon, the Ferrari Testarossa [pictured above] made famous by “Miami Vice” even though beyond its extravagant looks, it was considered a terrible car to drive.
The TV influence continues with the 1975-1985 Ferrari 308 GTS, the car made famous by Tom Selleck in his role as “Magnum PI,” with prices up 69%.
Even the Lamborghini Diablo (built right up until 2001 and pictured above) has seen a price increase of 65%. “A new era of later model performance cars from instantly recognizable brands have irrefutably proven that the term ‘collector car’ is not synonymous with ‘old car’,” continues Hagerty.
Nowhere is this more evident than with the first edition Aston Martin DB9. Despite still being in production as recently as 2009, prices have jumped 141% since the start of 2015, meaning that only the Porsche 911 has surged more in value in recent months.
All of this adds up to a great rebuttal when someone smugly asks whether or not you’re compensating for something. It’s called a sound investment guys, as you rev your engine and everyone mouths ‘prick’.
If you want to be a real cat though, and drive around in a timeless classic that just gets better with age, you’re going to want to hop inside the new MINI Clubman. We’ll even do our bit and make it really easy for you – hook up a discount by emailing Seth at editor@2oceansvibe.com, subject ‘MINI me’, and we’ll make the magic happen.
[source:timeslive]
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