British Car Auctions (BCA) have revealed a list of cars which they refer to as “affordable future classics”, cars that you can buy today but may just turn out to be the collector’s items of the future
“If you want a car that has a good chance of gaining classic status in the years ahead – plus the premium values that go hand in hand with that – then there are some interesting options available to used car buyers”, explained Tim Naylor, PR Manager at BCA.
“Second guessing future trends is never an exact science – after all who would have thought the 1980s would get fashionable again? Certainly in the collector’s car market, beauty really is in the eye of the beholder. Rarity does not necessarily make for desirability, nor does an exclusive and limited model run and high ‘list price’ necessarily mean a car will be worth more in years to come.”
BCA’s Top Five Future Classics of the last 10 years:
Two-seater sports cars are always a good bet for future classic status, according to BCA. The Mazda MX5‘re-introduced’ the traditional 2-seat Sports Roadster to the mainstream and early examples are now relatively cheap to buy. Alternatively, the Honda S2000, which is fairly limited in terms of supply, could well hold its value in the years ahead if bought sensibly and well-maintained. The fact that there is an already active collectors club is also a good sign.
The even scarcer Lotus Elise would also be a stronger contender as a future classic and even early models hold their value well. Although not having the same cachet as the Lotus marque, the otherwise similar Vauxhall VX220 is significantly less expensive for a car of comparable age, mileage and condition.
MG-Rover’s long-term ‘classic’ legacy is difficult to judge so soon after its demise, but BCA believes the MG-F and TF models will appreciate and are unlikely to get much cheaper than they currently are – a well-preserved MG-F can be brought for under £1,000, while a MG-TF can be found for around £2,500. Of the saloons, the Rover 75 V8 is probably the pick of the bunch as it is powered by the Mustang 4.6 litre V8 engine and has a revised deep front grille that sets it apart from the 4-cylinder and V6 versions – pay around £4,000 for a late-2004 model at 80,000 miles. The MG version – the ZT 260 SE 2004 model-year – is nearer £8,000, but will probably be the choice of the purists.
Of the many current production models available, the Fiat 500 combines a classic shape with contemporary design and engineering as well as any. Because it’s still relatively new to the market it is comparatively expensive as a used car, but it has many attributes that may well see it gaining classic status in the years ahead.
According to Naylor, there will always be a demand for the limited, high-specification performance editions of mainstream models. He added “Cars such as the RS-badged Fords, Fiat Abarth, Renault-Sport, BMW-M series, WRX Subaru and VW R32 models should maintain their value well into the future, providing they are kept in good condition.
“Our Top Five Future Classics is just a taster for used car buyers – there will be many other models that will gain future classic status” concluded Tim Naylor. “But the key for anyone hoping to preserve value in their used car is to keep it well-maintained and serviced, ideally with the supplying franchised dealer. A fully stamped service book will typically add several hundred pounds to a car’s value at three to five years old.”