Investing in a car that’s soon to be-or one day will become- a classic is a wise investment. There’s only one problem, there are no guarantees a car will be a classic or worth as much as predicted. No one expected the DeLorean to make it back to the top-all it took was a role in “Back to the Future” to stir up interest.
With that said, here’s a list of 10 cars that experts are predicting to become classics.
10. Mercedes 190E
It’s no surprise that a German car made it on the list. Car collectors should consider a Mercedes 190E to their collection, which has just started to increase in value. While the performance of this vehicle may be mediocre, the driving experience is above-par. With such a classy feel on the interior, drivers really feel like they are inside a Mercedes.
9. Porsche 911 GT3 RS
The 911 is another addition from the prestigious automaker. According to “Road and Track”, the special-edition models that came earlier are the ones to look for. In the internet age today, it’s never been easier to look for cars. Forbes advises sites like Car Gurus, which not only shows car listings but also helps narrow down available pre-owned cars. It’s one way of getting a Porsche 911 for the cheapest price possible.
8. Alfa Romeo 164
Another important factor to consider when buying classics is the parts. When parts are more accessible, it makes maintenance a lot easier. If they’re not as easily accessible, that could raise the profile of the vehicle; it might even raise the value, adding that much more significance to its rarity. The Street reports that parts are still available for the Alfa Romeo 164. Even if there’s no guarantee the price will go up much more down the line, it’s one of the cheaper cars on this list to buy for under $10,000.
7. Chevrolet Corvette Grand Sport
There are plenty of legendary Corvette models to choose from. The Grand Sport is actually one of the more affordable cars that are predicted to become a classic. 1996 was the only year Chevrolet produced this rad ride, making it a highly sought-after and valuable rarity.
6. Jaguar XJ6
The XJ6 may be the only Jaguar on this list, but it’s worth consideration. For less than $10,000, you can pick one of these bad boys up yourself. It’s been emphasized by multiple sources that the XJ6 needs to be properly maintained over time. That also means that the XJ6 has to be in good shape to begin with. If someone has to put a lot of money into repairing the car, it may not be worth your money in the long run.
5. Land Rover Defender
Many argue the Land Rover Defender is already a classic car. Part of its appeal lies in its design and shape. It’s also a hardy vehicle, which is a quality that’s all the rage these days. Regardless of one’s opinion and where the Defender stands in history, it hasn’t yet commanded a value high enough to rival classic cars. However, there are many out there who think the Defender is already on the right track. Executive Style notes two Defenders worth investing in: the Adventure and Heritage editions.
4. BMW M3
For car collectors, when it comes to the BMW M3, it’s now or never. According to Road and Track, this agile performer is still affordable and at a reasonable price. Prices only look to be going up, and it’s in collectors’ best interest to jump on it now while the price is still logical. Back in December 2016, they reported that it was worth about $20,000. Some listings go up to as high as $34,000 today when it comes to the 2006 models.
3. Lexus LS400
Being a owner of a 1993 Lexus LS400 myself, I’m glad to see this one made the list. There’s a limit to how much people are willing to pay for a collectible car. They know that it’s not just the cost to buy it but upkeep and storage as well. When it comes to the Lexus LS400, the cost is within reason. The Street believes that the 1990-1994 models are headed for the car classics’ hall of fame. For less than $10,000, the Lexus LS400 is available on the used car market. Once car collectors scoop it up, it’s just a waiting game after that.
2. Volvo 240
Volvo is known for making reliable cars. Many car enthusiasts aren’t the biggest fans of Volvos, although there’s something more to like about the 240. According to Hemmings, older Volvos like this one are seeing an increase at auctions. Is it a sign of things to come? The Street seems to think so, adding the Volvo 240 on their recommended cars to invest in now. For those who are willing, the Volvo is a cheap investment that could pay off big in the future.
1. Ford Falcon GTHO
Coming from the Land Down Under, the Ford Falcon GTHO isn’t the cheapest car on the list. According to News.com.au, it’s been able to go for as much as $1 million at auctions. That’s mind-boggling. Despite an expensive value already, this car’s value seems to continue to be on the upswing. The outlet goes on to report that it’s the most money paid for a car produced in Australia. There are GTHOs that run for much less, though, at around the $80K-$120K range.
Want to buy a classic car but don’t know where to look? Here are some website’s that might help!