When shopping to find cars for our clients, it has always been our goal to
find vehicles which not only meet their needs and desires but also (when it
comes time to sell), allow them get their investment back at worst, and at best,
make them a little on top. Isn't that what we all want from our classics?
As I sat down to write this; I wasn't really sure how I was going to begin. The
one thing I knew, I wanted to tell you, was that of late I have noticed that
there are some great classics sports cars in America going cheap! I mean REALLY
CHEAP, particularly foreign Sports Cars and Coupes.
I am not talking about restoration projects here, but 'really nice' to 'excellent'
condition cars that are being overlooked by the masses and therefore being sold
Let me give you some examples:
- The price of certain Jaguars have been dropping
to more realistic levels of late. For example, two years ago you couldn't have
bought an XK 120/140/150 DHC
'basket case' for less
than about $17,000, now you can get a very decent 'driver' for $15-18k and
'really nice' example for mid twenties!
still seem to be popular especially since the prices settled down this last
year or so. Now $20k buys you a great roadster, and 27k a show car! However,
it's the XKE Coupes
that are absolute 'steals'. We recently found one
for a client. A one owner, 58,000 mile, fully documented 1968 XKE Coupe in
excellent shape for $15,000! One owner from 1968!
Jags are also becoming desirable, the MKII
of course, and examples can
still be found cheap, (by US standards, but not such a great deal if you are
looking to export). Also watch out for the Series 1 and III XJ saloons
especially the late Series I V12
, and the 1987 Series III Vanden
.You can still buy excellent examples of these cars for much less than
$10,000! Drive one, and you'll know why Jaguar owners revere the Marque so
much - power, performance, comfort and sexy as all hell! I predict that when
Jaguar (a.k.a. Ford) start winning Formula 1 races, and they will (especially
with F1 now at Indianapolis), even the XJS
and lovely XJ Coupe
could see their day soon. If you've ever fancied a Jag, get one now while you
can still afford to!
- The price of these cars has gone through the roof lately, We recently found
an excellent BJ8
for a client that cost him $26,000 (and that was a
deal!) If you want a late well restored car, it'll set you back about $30,000
or even more! Bloody ridiculous in my mind, they are great cars and all, and
in their class along with MG, Triumphs,
etc, they reign
supreme, but something isn't right when you pay more for an Austin-Healey than
you would an XK Jaguar. The prices will fall, so if you've got one to sell,
get rid of it quick! If on the other hand you REALLY want to buy an
Austin-Healey NOW, look at the earlier cars, particularly the 100-4
, these cars are relatively cheap, with excellent examples
available for $20,000 or less.
- These cars epitomizes English classic roadsters of days on by, (you can read
about the one I own here
They are hand-built beauties with the comfort of a skateboard, but they never
cease to thrill! Your knuckles will turn white as you clench the big four
spoke steering wheel tightly, throwing the car into a curve after curve with
the throttle pedal firmly planted hard against the firewall! Due to low
production numbers and waiting lists for new cars, used examples have always
held their prices well. Little has changed in Malvern, England where they are
made, until this year that is. Amidst much fanfare, Morgan has launched a new
car - the Aero 8
, and although it's an amazing piece of workmanship in
its own right, it is very different to the four wheel Morgan they've been
building for the past 50 years. Now as far as we know from the factory, there
are no immediate plans to stop building the traditional Morgan, they have
however, announced plans to discontinue the 4-cylinder model. So who knows, if
sales of the new car take off (as initial interest suggests they will) perhaps
they will cease production of the old style car all together, which would make
the original survivors even more valuable. You can buy a good, restored Morgan
for around $20,000 right now, and for about $5,000 more, a +8
Get a restored car, enjoy it and hang onto it for a couple of years, I believe
your investment will pay off handsomely.
- These roadsters were built for just a couple of year's back in
the early 70's. They just reached the magic 25-year-old status and I think
they will soon begin to be appreciated for what they are - a great British
Marque, backed by two great names, 'Healey
' (as in Austin-Healey), and
Colin Chapman of 'Lotus
' (who developed the 16 valve slant-four
engine). Jensen made cars for more than 50 years before shutting up shop in
the late eighties. Excellent examples of these cars can be bought in the
States for paltry $7000! Find a good well-restored example and hang on to it.
Also, while I am talking about Jensen, keep an eye on the 'Interceptor
too, an Anglo-American Hybrid that used the massive 7.0 litre Chrysler motor,
expensive to run, but cheap to buy, with mint cars selling for $12-15,000!
Even the ultra-rare convertibles can be bought for the low $20's!
- Here's a name you don't see every day, but it's British. This small car
company had a checkered history, but managed to produce some interesting, if
unusual cars. The one I particularly think is worth taking a look at is the 'Kalista
This is the Aluminum-clad tube-chassis version of the cheaper and
'. Although technically not that old, (about 20
years) I have a sneaking suspicion that these cars will become very
collectible over the next few years, (the Jaguar based J72
in part due to their rarity, but also because of their distinctiveness. They
are quite a 'practical classic', especial the US cars that used the 2.3-liter
Ford Mustang engine. Take a look at one next chance you get, and see if you
agree. Nice examples can be bought for around $14,000 with better cars
fetching a little more.