Classic/collectable/sought after cars to put away now.

[Barni]

[QUOTE=Express;5422704]I’ve been around cars all my life and I do believe it’s easy to over estimate how many people are truly interested in owning a classic which is very different to admiring them.
But more importantly the number of people prepared to pay big money is much, much less.


Damn it...you sound like my mate joe...and I agree with you. Is your name joe?


Most car enthusiasts are not collectors as such, they are into cars and tend to pay modest prices and in many cases less than a new car to have a weekender in their garages.


What about buying at the time prices have levelled off, then selling for slightly more when they rise, doesn't have to rise more than what the car was worth. Just enough to be a descent return.

Some are lucky to have had a car around for years that turns into a red hot desirable and some find a piece of junk and bring it back to life.
How many of the classics from the Ford, Holden and Chrysler stables are worth more than a new performance car?
Not many and I think a lot of people lose sight of that fact and get blinded by the prices of a few like the Phase 3, Cobra, E49, 350 GTS, XU1 & A9X.
Really the market here is too small, just an honest observation.


Again I agree with the market being small. But why are cars demanding more for certain cars already, such as all early 911's. Why can't the same process formula be applied.


Another thing is in 30 years most people searching for a real classic won’t care that much if it has 10km or 100,000km on the clock so why not get out and drive them.

Again agreed if it's a real classic. If it's a sought after car they will care.

To take what XR6 Martin said a little further, collect and stockpile unique parts for performance models.
A panel beater friend of mine did that back in the ‘70s and ‘80s and made a killing out of it until his stocks ran dry.

Yes great idea.


Express if you are a politician, I'd vote for you.

[blackwasp]

buy an investment unit mate!
i bought one june last year for $460k , got offered $600k last week. if you bought a car now for say 60k and in 20 years its worth 150k. big deal!
if you make the right decisions in property , you will be able to afford any car you like!

[Polyal]

Originally Posted by blackwasp

buy an investment unit mate!
i bought one june last year for $460k , got offered $600k last week.!

While I dont blame people for jumping on that bandwagon I simply cannot wait for the bum end of real estate to fall in a heap and come inline with the rest of the economy.

[buggerlugs]

Originally Posted by Polyal

While I dont blame people for jumping on that bandwagon I simply cannot wait for the bum end of real estate to fall in a heap and come inline with the rest of the economy.

And it's going to happen sooner or later.............
http://www.news.com.au/finance/real-...-1227410053643
I thought my 69 Mustang Fastback would bring big bucks but it was a bit of a fizzer. My 76 XC Coupe on the other hand.....

[Polyal]

Yeah Aussie car prices are insane, you can get the US equivalent with the same or most times better engine combo's for much less...

[Rob 351]

Originally Posted by Polyal

While I dont blame people for jumping on that bandwagon I simply cannot wait for the bum end of real estate to fall in a heap and come inline with the rest of the economy.

Happening in plenty of places right now Polyal, especially the mining towns. The Hunter Valley is really hurting because of the down turn in the mining industry with plenty of homes a good 10-20 % lower then they were just 2 years ago.

[Polyal]

Originally Posted by Rob 351

Happening in plenty of places right now Polyal, especially the mining towns. The Hunter Valley is really hurting because of the down turn in the mining industry with plenty of homes a good 10-20 % lower then they were just 2 years ago.

Tell me about it..I just moved to Bowen for work and real estates are open to negotiation on rentals!

I dont want mass pain for the country but the inflated house prices as stuffed everything up, people think their wealthy when they really are not and for normal people with average jobs (both parents working) its a struggle to get into the market at times.

BTW watch car prices fall like a rock when peoples equity goes up in smoke too.

[HULK_I6T]

Originally Posted by superyob

Sorry, there will be no future classics. GTHO and first gen Monaros were classics in their own time. Thirty years on from the EA (nearly) and there are no new classics on the horizon...

this is true.

The new cars will eclipse the old cars in every way. they will go ahead in leaps and bounds. So traditional falcon buyers will migrate to other brands etc. This makes the future bleak for stored old performance cars


the GTHO isnt actually much special at all. Its just that Ford stopped making V8s for a decade and the windsor V8 was pretty soft so the GTHO was still the performance king.. Ford falcon was also a big seller back then and plenty of buyers and short supply of GTHOs...

The future is opposite, the ford falcon buyers are migrating to other makes and the next generation wont know what a falcon is? There will be a big supply of stored muscle cars pop up in 20 years and next to no buyers.

[Franco Cozzo]

Problem is car enthusiasts are a very small collective, even smaller are collectors and then you have to think about the differences in generations too.

Baby Boomers are the ones chasing the classic cars which were the heroes of their youth.

35 years from now you guys would have turned up your toes or be right on the edge unfortunately (you got too old).

The hero cars of Gen Y are generally Jap Imports rather than locals, we may seem like the majority here on AFF (or LS1) but as a generation us younger guys are more favorable to Imports than locals and much less classics.

Maybe the cars fetching the big $$$ 30 years from now will be Toyota Supra, R32-34 Skyline GTR and of course R35 GTR.

[superyob]

Hulk! We agree on something! Sort of...

[Vesper Martini]

Originally Posted by HULK_I6T

The new cars will eclipse the old cars in every way. they will go ahead in leaps and bounds. So traditional falcon buyers will migrate to other brands etc. This makes the future bleak for stored old performance cars

I've been waiting for you to Post in here.
This thread seems like a perfect setup for you to comment... (But I actually agree with you in a way)

There will be people after the collectables, but not with the same sort of cash as the past. We wont see another example like an XY GTHO.

[XR Martin]

Originally Posted by Big Damo

Problem is car enthusiasts are a very small collective, even smaller are collectors and then you have to think about the differences in generations too.

Baby Boomers are the ones chasing the classic cars which were the heroes of their youth.

35 years from now you guys would have turned up your toes or be right on the edge unfortunately (you got too old).

The hero cars of Gen Y are generally Jap Imports rather than locals, we may seem like the majority here on AFF (or LS1) but as a generation us younger guys are more favorable to Imports than locals and much less classics.

Maybe the cars fetching the big $$$ 30 years from now will be Toyota Supra, R32-34 Skyline GTR and of course R35 GTR.

And most young people of today dont even care about cars, they would rather take public transport so they can play with their phones.

[ford71V8]

Originally Posted by whitesoarer

I'm banking on high km EB Ghia V8s being worth something in the future

I had to sell mine with one too many cars out the front.
I really didn't want to but had to make one of those awful grown-up decisions and I placed on ad on Gumtree. Was sold and collected within 45 minutes.
I see a very similar one close to home now (only a Falcon 4.0L) but same stance, body colour and interior colour and gee it makes me miss mine.

[Whitey-AMG]

Originally Posted by XR6 Martin

And most young people of today dont even care about cars, they would rather take public transport so they can play with their phones.

Phones ?
Thats old news. Its the watches now...

[BA Supa Pursuit]

I agree that r32 GTR's will most probably be in the mix due to their racing heritage and success in Australian Touring Car racing. It will always be remembered as the car that forced the current V8 supercar rules and regs. Not to mention the infamous "pack of *********" comment on the Bathurst podium.

I have owned many performance cars and consider myself to have an open mind and be free of bias. I've owned and enjoyed both an evo and wrx, even had two rx7s. But I keep finding myself going back to a v8 rear drive sedan. The EVO 5 I sold recently was an exceptionally fast package, but for me I missed the muscle and character only a rwd v8 Aussie sedan brings. Yes the evo is an engineering masterpiece, but it's not Aussie and didn't give me the same special feeling that my sweet sounding xr8 does (and the xr8 was bought for a 1/3 of what I sold the evo for).

IMO there will always be a market for these cars in the future. They will always be a part of Australian history, and for me nothing beats the sound of an Aussie v8. If I had more $$ I would put more Aussie v8s away. I would love to add a clean BA or bf xr8 or vs hsv to my au xr8. I'm not looking to make $$ but I know I would enjoy them and defiantly not loose out if I needed to sell them in the future.

I am an 80's child, so I didn't grow up with GTHO and toranas racing at Bathurst. Here in my home town a lucky self made gent has an impressive collection of 70's muscle cars including a phase 3, two other XY Gt's, ss hatch, numerous monaros etc etc. Recently I was invited to have a look at the collection. Even though these cars were not relevant to me as an 80's kid, I was still in awe of them. They are an important part of Aussie history and I would still kill to own one.