Affordable 'Classic' Cars

Many people might think of the classic car market as a rich man's game, synonymous with millionaires and their stables full of vintage beauties, restored and polished to perfection. However, I recently found out that classic doesn't have to mean pricey. There are now bargains to be had in the field of older automobiles, and with a little bit of know-how you might be able to sell one on for a tidy profit.

2011 saw a Ferrari Testa Rossa with a race history sell for an open market world record of $16.9 million. There is big money in classic cars. Indeed your average classic Jaguar, Aston Martin or Alfa Romeo in good condition will easily fetch £250,000. The heritage of these brands, the craftsmanship of their vehicles, and the status of owning one of the few specemins in each class, never to be replicated as originals, will only drive the price upwards in future.

However, most of us could never afford one then, and we certainly can't now. What of the average working man's car of the nineteen fifties and sixties? The Ford Anglias, the Morris Minors and the original Volkswagen Beetles? They too are now considered classic, and the market is increasingly turning its head to recognise the fashion for, and profitability of, acquiring one. They may be a dying breed out on the road, but at the car fares, race days and showrooms, amongst the classic car community, their stock is rising.

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The good news is, its not too late to cash in. For example, you can pick up a Triumph Spitfire or a Porsche 944, both for under £2000 if you know where to look. As time goes by, classic car dealerships are coming across a increasing range of demand for vehicles, collectors often wishing to revisit the more humble models of their youth. Clunky, late seventies designs like the Saab 900 (now starting at under a grand) are attracting interest as the 'vintage' fodder of years to come.

Admittedly, other 'bargains' on the market, may cost you a little more of an outlay. The Lotus Esprit (in the region of £7,000) and the Jaguar E-Type (30 grand anyone?) are hotly tipped to appreciate over the coming year. The principle still stands though, the classic car market has certainly opened up as a more affordable pursuit, with money to be made if you're savvy enough. All rights reserved