VW Golf MK2 GTI
You could unknowingly be driving around in a future classic car.
Owning a classic car can be incredibly lucrative and there are some investments that can pay dividends over time.
There are some classic cars that are iconic for a number of reasons and attract high price tags as a result.
For example, the Aston Martin DB5 has been immortalised by the James Bond franchise and versions of the car have been flogged for millions in the past.
Most new cars will lose their price as soon as their value the minute that they leave the showroom floor and continue to deplete over time.
However, certain vehicles can surge in value in their late life due to a number of factors.
The cars most likely to be classed as collectible in 30 years’ time have been revealed by the UK’s largest online garage and car repair marketplace WhoCanFixMyCar.com.
Topping the list was the Ford Focus ST170 which can currently be snapped up for around £1,000-£2,000.
Ford Focus ST170
The top ten cars most likely to become future classics are as follows:
1. Ford Focus ST170 – £1,000-£2,000
The Focus ST170 follows in the footsteps of the Escort as a great handling family car. Prices for the car have been rising as of late as people rediscover its charm and performance.Drivers should watch out for electrical gremlins which can affect it. Unmodified versions of the car will be hard to come by but more valuable in the long run.
2. Jaguar XJS V12 – £9,000+
Convertibles are increasing in value as of late and the V12 is arguably the finest Jaguar engine of all time. One thing motorists who buy one of these cars should know is that the V12 engine is prone to head gasket failure and the XJS bodywork can rot easily. Not maintaining the car properly could see you fork out for a hefty repair bill.
3. Fiat Coupe 20V Turbo – £1,400+
It’s a pretty and very capable Fiat with blistering performance and chic interior detailing. However, if it is neglected rust can build up.
Jaguar XJS V12
4. Aston Martin DB7 V12 – £20,000+
The DB7 is also likely to soar in value over time. WhoCanFixMyCar.com suggest customers should go or a Vantage convertible and avoid the six-cylinder cars as they increase in value more slowly.
Maintenance and repairs of this car are, however, expensive so bear that in mind if you opt for one of these cars.
5. MGF – £1,000-£3,500
MGF is a cheap, capable and fairly reliable convertible that would be suitable for a little weekend runaround. Much like a lot of the other cars the vehicle is prone to rust so careful maintenance and care need to be taken with it.
6. VW Golf MK2 GTI – £6,000+
Some would argue that this version of the GTI is the best and they are a practical and fun car.
While there are a lot of these cars on the road, very few have been well maintained. Getting your hands on a well looked after GTI will likely make you more cash down the line.
Aston Martin DB7 V12
7. Jaguar XJ6 Series 1-3 – £5,500-£20,000
The XJ6 is one of Jag’s best saloons of the past 40 years and is still a refined and stylish vehicle now. Again, rust is an issue with the car, in particular around the wheel arches, screen surround and scuttle. Electrical issues and deterioration of the interior trim can also be fairly common.
8. Audi RS6 C5 Avant – £8,000-£15,000
It has Porsche 911 rivalling performance but enough space for the family. Worn suspension and gearbox issues are common with the car.
9. Renault Clio Williams – £7,500-£15,000
It’s a great hot hatchback but a is common with this type of car they have been well used and can over have high mileage. Finding unmodified originals can also be hard to come by.
10. MG ZT V8 – £7,000-£12,000
These cars are particularly car adhered to come by and due to them being fairly typical vehicles they suffer from general wear and tear and have high mileage. Parts may also be ha5rd to come by for these cars so it may cost a little more to repair.
There are a number of car maintenance issues and faults drivers need to be aware of to be able to benefit from the price rise. Classic cars will generally be more valuable the better condition they are kept in.
One example of this is giving the car a regular service, changing oil etc and also keeping mileage low.
Graham Eason, Director of Great Escape Cars, commented: “It’s always interesting to hear which cars people believe will be worth a small fortune in a few decades, but there is a real chance that thousands of people could own a future collectable.
Jaguar XJ6 Series 1-3
“At Great Escape Cars, our fleet covers everything from 1950s Morris Minors to 2006 Aston Martin DB9s and while many people wouldn’t have given those cars a second glance all those years ago, today they’re worth tens of thousands of pounds.
“Cars such as the Jaguar XJS V12 and the MGF that are unique, reliable and great fun to drive have already begun to appreciate and we’re likely to only see their value rise. However, cars like these must be properly looked after, not only to retain their value but for them to appreciate as the years go by.”
Al Preston, co-founder of WhoCanFixMyCar.com, said: “We always recommend keeping your car in the best condition you can, especially if your make or model is rising in value, such as those above. A big part of that is finding the right garage.
“We would always encourage savvy motorists to use WhoCanFixMyCar.com so they can compare quotes and reviews to make an informed decision.
“This list goes to show what a fantastic investment cars can be. You never know, you could be sitting on thousands of pounds – if you ensure that your car is kept in good working order, of course.”