Investing in a Classic Car : Three overlooked models
Fancy making a bob or two? Investing in a classic car could be the way forward and to help you out Heritage Classic Car Insurance has come up with three motors priced under £5K. Currently overlooked, investing in one or more of these beauties could help you cruise towards a tidy profit over the years to come.
What better way to take a spin on a Sunday morning than in an opulent saloon made by the experts at Jaguar? In the 1990s, Jaguar’s indulgent XJ6 was the height of luxury and a top of the range model super saloon with that famous straight six engine, featuring elegance and power.
As the large saloon has fallen out of favour, these 90s masterpieces are current bargains for under £5,000 with relatively low mileage. Make hay while the sun shines as in another ten years these big cats will start to increase in value so now is the time to buy and enjoy a piece of motoring history.
The entry level Porsche of the 80s was a step up in looks from the car it was based on – the 924.
With a wider more aggressive overall appearance, rear spoiler and the 2.5L engine giving more power than its predecessor, the 944 was a great success, with upgrades in 1984 bringing yet more improvements, including those tele-dial alloys, new dash and revised body panels.
1987 saw the release of the 944 S model, increasing the power from 165 bhp to 190 bhp. By the end of the 80s it had out sold its slightly underpowered sibling, the 924, originally launched in the late 70s.
Previously seen as a cheap Porsche, today the 944 gets the recognition it deserves as an appreciating 80s classic.
The eighties saw the birth of the hot hatchback, and with MG famous for roadster and coupes through the 60s & 70s it was about time they moved with the times to produce something more in keeping. So they did, starting with the MG Metro which horrified the MG enthusiast but delighted the buying public.
With a healthy upgrade in the A Series engine developing an extra 12 bhp and some revisions inside and out, the little Metro pulled in the crowds with the first MG Hatchback. Just over a year after its launch the MG Metro Turbo headed the line-up featuring a Garrett T3 Turbo producing a restricted 93 bhp to help maintain the life of the gearbox.
Heritage Classic Car Managing Partner, Mark Wilkinson, comments: “There are so many great classics that you can buy on a budget of £5,000, but these three really are emerging as great investments.
“But it doesn’t end there. The Mini is set to increase in value, with limited editions highly sort after. The 1st generation of the Mazda MX5, which already has a reputation as one of the best roadsters ever produced, is now of age, and I’ve recently purchased a Land Rover 110, with the Defender production coming to an end earlier this year they’re becoming more sought after.”
More information on how to insure a classic car is available via Heritage Classic Car Insurance.