Selection of collectible cars is centered around one thing, the car’s appreciation rate which depends mainly on how rapidly a vehicle gains value and how long it takes to do so.
Investing in a car that is soon to be a classic is a wise investment move. However, there are no guarantees a car will become a classic. This venture is just like trading stocks or playing the lottery.
So, if you are wondering what collectible-car would become a classic and earn a decent value, then check out this list.
Yes, this is the car that went underwater in one of James Bond movie” The spy who loved me”. Although it doesn’t go underwater in reality, the car went for about $20,000 in 2015. Since then we have seen an increase in the price of the Lotus Esprit, with newer models being even more expensive. There is a reason to think they will still keep going up.
The car has recorded a 77% price increase over the past three years. Hagerty price guide reported that this car was not recognized in the car enthusiast market until recently. Collectors are urged to purchase these cars when they can still afford them.
Mazda the Japanese mass producer, produced the best-selling roadster of all time. The MX-5 combined a 1.6-liter four-cylinder engine with about 110 horsepower, an aluminum hood, and simple rear-drive, to engineer a lightweight sports car that was exciting than most exotic cars. If there ever existed a stone-cold future classic, the MX-5 is it.
Porsche 928 S4
Some new high-end Porsche models are so collectible that the brand sometimes asks the new buyers not to sell them for a period of time. Although not all Porsches are perfect, the name alone carries a reputation that other automakers can only dream off.
The diminished availability of the Porsche 911’s has led to a greater demand for the Porsche 928 S4. You can get this car for around $25,000 used.
According to car listings, this agile performer is still affordable at a reasonable price. Back in 2016, it was reported to be worth $20,000, but today is worth $34,000 when it comes to 2006 models and the price only seems to be going up. It would be wise to purchase it now while the price is still logical.
Chevrolet Corvette Grand Sport
There might be plenty of legendary Chevrolet Corvette to choose from, but the Corvette Grand Sport is the one standing out because of its affordability. Its price is predicted to rise based on how valuable the ones for display are. So, collectors should snatch up what is left before they all follow suit.
Ford Mustang Fox Platform
The Ford Fox platforms have attracted the interest of car enthusiasts and auctions. This is only natural considering they are muscle cars, which are highly preferred in the majority of car circles. Initially, the Ford Fox wasn’t highly received by the “Fox-body mustangs”, but the car world has backpedaled on these Mustang cars. These cars have made a huge comeback and their prices are increasing.