Classic cars can be an extremely worthwhile investment for collectors. They have many of the qualities that lead to appreciation over time. Their supply is naturally limited, they command significant cultural respect, and there are plenty of opportunities to find buyers, should you wish to cash out later on.
Of course, there are costs to consider. Like any other road vehicle, a classic car will need an MOT if you’re going to drive it on public roads. More extensive servicing might also be sensible, if you’re going to preserve the value of the asset over time. You can book an MOT online, and have it carried out at a local garage.
But exactly which kinds of cars have proven good investments over the years? There are a few to consider. Let’s take a look at three standouts.
Jaguar E-Type (1961-1975)
The E-type is a cultural phenomenon. It instantly evokes the 60s, which might be particularly appealing to those with a fondness for the time. The car has considerable racing heritage, having been driven by famous names like Stirling Moss. Best yet, it remains a thrilling drive.
Jaguar’s recent rebrand has divided opinion in the motoring world, and might even have helped to spur nostalgia for the older models. This might make it an attractive proposition.
Porsche 911 (Air-Cooled Models, 1964-1998)
The 911 is among the most iconic and stylish road cars of all time. In the late nineties, the brand switched to liquid cooling – but the older air-cooled models were lighter (though more prone to overheating). This is a car whose popularity has remained undimmed by the passing decades, and perhaps more than any other, it deserves to be regarded as a classic. Thus, it’s a reasonably safe investment, particularly if you can find the right model.
Adding to the 911’s cultural weight is its many appearances in Hollywood blockbusters – particularly during the 80s, and in films set during that era.
Aston Martin DB5 (1963-1965)
The DB5 is best known as the ‘James Bond’ car. It made its silver-screen debut in Goldfinger in 1964. The sleek chassis and outrageous engine made it a natural fit for the larger-than-life personality of cinema’s most famous spy. It’s an enduring symbol of Britain’s motoring heritage, and offers an incredible four-litre engine that, in the 60s, was virtually unheard of.
Now more than sixty years old, it remains an object of desire among petrolheads – and well-preserved models are certain to hold their value for decades to come.
Of course, investing in these cars, and protecting the investment, requires a not-inconsiderable financial commitment. Make sure that you have the space to store them, and that you’re willing to invest time and money into their upkeep.
