Potential purchase

[ThrustingBeast]

550 Marenello Manual or 575M Manual
RHD
Red
££££££££££££££££££££££

[Jon_Bmw]

Z3Ms have nearly doubled in the last 3 years I would say.

3 years ago you could have got an 80k mile S54 for £15k and a 30k mile car for £25k. Now the same cars are £27k and £40k respectively.

Boat missed I think. I hope I am wrong though and they continue to rise.


I think the Clio V6 did the same thing around the same time. Both 2000ish vintage cars. So is the next one something iconic made in around 2005?

The last of the line 996 turbo made would be where my money would go.

[ThrustingBeast]

I know what my money is on ....

[Gert_8]

I know what my money is on ....

What?

[Cloggy Saint]

E46 M3 by any chance?

[bab-91]

I know what my money is on ....

What?

e46 CSL

[Gert_8]

Lol!!

Location - Scotland.

[senna]

E36/46 M3 GT/CS/CSL

[ThrustingBeast]

I know what my money is on ....

What?

Aston Martin V8 Vantage

What's yours on ?

[Gert_8]

I know what my money is on ....

What?

Aston Martin V8 Vantage

What's yours on ?

I wouldn't invest in cars, Pone.

[bab-91]

What?

Aston Martin V8 Vantage

What's yours on ?

I wouldn't invest in cars, Pone.

That's mainly because you're the original MisterShortArmsLongPockets

[elf]

You guys crack me up..I don't care if prices go up or down..come retirement age if I decide to sell which I probably won't .I am buying like most here I hope .for the sheer pleasure it will give me and too meet up with some of you nuttters at shows hopefully..

[Andyboy]

The situation now is not like it was in 1990. Then, there was no money about. Today, there is loads of money but folk are hanging onto it albeit less and less as the economy strengthens.

The market will not crash again - things are different now. Classic cars are not being bought purely as investments as they were 25 years ago. This time they are being driven and enjoyed, bought by wealthy enthusiasts. The problem classic car dealers have is finding stock - there's just not much about being sold and what does come to the market that's of saleable quality is coming from private owners (not just auctions - that appears to be where a lot of junk is offloaded) at high prices.

Lots of cars have stalled in value now. E30 M3's probably won't go much (if any) higher and likewise E9 CSL's etc. Basically, everything has found its mark now.

Another deciding factor is that 25 years ago, you could still buy a really nice interesting car. Today, there isn't really much about that's worth losing sleep over and so nice old cars have more of a following than ever.

[ross_jsy]

The market will not crash again - things are different now. Classic cars are not being bought purely as investments as they were 25 years ago.

It's a market, it will crash again. Basic economic concepts state every market will have a rise and a fall, there is no such thing as stagnation (long term anyway).

Historically low interest rates mean people are putting money into asset classes getting better returns than savings accounts (the whole reason the BOE are keeping interest rates low). A popular one right now is classic cars as it's a physical asset people can touch, use and enjoy. When inflation picks up, rates will rise and more money will be put into traditional saving methods.

To say the classic car market will not burst is naive. Too big to bust was thrown around and look what happened there.

[rh306]

The market will not crash again - things are different now. Classic cars are not being bought purely as investments as they were 25 years ago.

It's a market, it will crash again. Basic economic concepts state every market will have a rise and a fall, there is no such thing as stagnation (long term anyway).

..try telling Japan that I don't subscribe to the myth of perpetual growth which keeps the investment management industry going. Where's the FTSE now? Way below where it was in 1999.... The people who have done well in the last few years will continue to have money going forwards, I don't think they'll be divesting of their toys any time soon..

[Andyboy]

The market will not crash again - things are different now. Classic cars are not being bought purely as investments as they were 25 years ago.

It's a market, it will crash again. Basic economic concepts state every market will have a rise and a fall, there is no such thing as stagnation (long term anyway).

Historically low interest rates mean people are putting money into asset classes getting better returns than savings accounts (the whole reason the BOE are keeping interest rates low). A popular one right now is classic cars as it's a physical asset people can touch, use and enjoy. When inflation picks up, rates will rise and more money will be put into traditional saving methods.

To say the classic car market will not burst is naive. Too big to bust was thrown around and look what happened there.

You haven't absorbed what I've said. Classic cars are now being bought by people who have the money to indulge. Last time around, folk were borrowing heavily to invest. Understand the difference?

[rh306]

..a good example of the last boom, was my mate who has no interest in cars and no knowledge of them either. He took up an option on an XJ220 (He managed to offload it before the time came to cough up the full balance).

[Gert_8]

The market will not crash again - things are different now. Classic cars are not being bought purely as investments as they were 25 years ago.

It's a market, it will crash again. Basic economic concepts state every market will have a rise and a fall, there is no such thing as stagnation (long term anyway).

Historically low interest rates mean people are putting money into asset classes getting better returns than savings accounts (the whole reason the BOE are keeping interest rates low). A popular one right now is classic cars as it's a physical asset people can touch, use and enjoy. When inflation picks up, rates will rise and more money will be put into traditional saving methods.

To say the classic car market will not burst is naive. Too big to bust was thrown around and look what happened there.

+1. Boom and bust. It's cyclical and a fact of an open/free economy and a democratic society.

[Andyboy]

The market will not crash again - things are different now. Classic cars are not being bought purely as investments as they were 25 years ago.

It's a market, it will crash again. Basic economic concepts state every market will have a rise and a fall, there is no such thing as stagnation (long term anyway).

Historically low interest rates mean people are putting money into asset classes getting better returns than savings accounts (the whole reason the BOE are keeping interest rates low). A popular one right now is classic cars as it's a physical asset people can touch, use and enjoy. When inflation picks up, rates will rise and more money will be put into traditional saving methods.

To say the classic car market will not burst is naive. Too big to bust was thrown around and look what happened there.

+1. Boom and bust. It's cyclical and a fact of an open/free economy and a democratic society.

So can I ask either of you two financial svengalis to tell us all when it will crash again? An approximate prediction will be fine.

[Gert_8]

It's a market, it will crash again. Basic economic concepts state every market will have a rise and a fall, there is no such thing as stagnation (long term anyway).

Historically low interest rates mean people are putting money into asset classes getting better returns than savings accounts (the whole reason the BOE are keeping interest rates low). A popular one right now is classic cars as it's a physical asset people can touch, use and enjoy. When inflation picks up, rates will rise and more money will be put into traditional saving methods.

To say the classic car market will not burst is naive. Too big to bust was thrown around and look what happened there.

+1. Boom and bust. It's cyclical and a fact of an open/free economy and a democratic society.

So can I ask either of you two financial svengalis to tell us all when it will crash again? An approximate prediction will be fine.

If I knew that I wouldn't be wasting My time on here, and my garage would be full of exotic tin (mainly Italian!).

I'll put my cock on the block and say it's difficult to predict. If it were predictable, then it would be avoidable. In our lifetime we have witnessed two? Tell you what, you tell us when the next earthquake will hit the west coast of 'merica, and I'll tell you when the economy will shit itself again.

[bab-91]

1st year in college and Ross is educating the Zone on basic economic principles.

[ross_jsy]

Using the FTSE as an example at the height of the dotcom bubble is a bold move captain

[ross_jsy]

F00k off Bab's, I'm in my final year

[bab-91]

F00k off Bab's, I'm in my final year

Really? Jesus! Time flys!

[ross_jsy]

Sorry, just seen the third page.

Well the normal model is a 7 year boom-bust cycle. However the markets are very artificial right now due to the aforementioned historically low interest rates and quantitive easing doing their best to kickstart the economy.

Yes, previously people were using debt to buy things more than today. Do you really think people have learned their lesson and we will never go back to those times? Good luck! And you are assuming those who have purchased assets outright will not fall on hard times/need to liquidate their assets for further investment/use that capital to fund further debt backed purchases.

[Gert_8]

I'm looking forward to buying an M3 when the prices are on the way down. Try me first, sellers.

[Z3I]

I'm looking forward to buying an M3 when the prices are on the way down. Try me first, sellers.

As soon as interest rates and shares are up, the investers will be selling M3's, just wait a few months when they reach genuine enthusiasts pockets and buy in!

[Andyboy]

Sorry, just seen the third page.

Well the normal model is a 7 year boom-bust cycle. However the markets are very artificial right now due to the aforementioned historically low interest rates and quantitive easing doing their best to kickstart the economy.

Yes, previously people were using debt to buy things more than today. Do you really think people have learned their lesson and we will never go back to those times? Good luck! And you are assuming those who have purchased assets outright will not fall on hard times/need to liquidate their assets for further investment/use that capital to fund further debt backed purchases.

You are still failing to understand the whole thing with the current classic car market. Of course, some are still buying stuff because the return may be better than money in the bank.
In the late 80's, speculators were buying stuff up to sell on again at a profit. Banks were lending money to do so. However, the market became overheated with tonced up old shit, there were too many cars and it all fell on its arse at the same time as the global economy melted down and banks needed to foreclose on big loans on old cars.

In 2015, rich collectors are now buying cars with their own money. The guy who spent £500'000 of his own cash on a DB5 probably doesn't give a shit about the economy. He didn't buy the DB5 to sell on again, he just wants one. Because so few top quality cars are being sold on again (you try finding a perfect, factory spec Escort RS1600) there is a lack of really good quality classic cars and this, along with the fact that the market is being driven by folk with a lot of disposable income, means the prices of classic cars is not dropping anytime soon. I trust you can understand this.

How would the a financial crisis affect the value of a Monet or a Supermarine Spitfire? A clue: it won't, in the slightest!

[ross_jsy]

https://confluence.cornell.edu/display/ ... al+Economy

"Far removed from the traditional narrative of a vibrant and sustained bull market in the last decade, the art market experienced a substantial crash in 2008, perhaps related to the concurrent worldwide financial crisis. Prices of contemporary, modern, and impressionist artwork decreased about 30%, and Sotheby's and Christie's saw their share prices plunge in reaction to the decrease in global consumer confidence."

"In theory, the wealthiest consumer constitute the bulk of the visible art market, and a large proportion of the value of artistic pieces are subjective and based on perceptions of wealth and status. More than anything, however, is that art is purchased with disposable income..."

Art market crash of 2008, correlating with the financial meltdown.

[Gert_8]

I recall Elton John "investing" in a Jaguar XJ220 - paid something like £500k for it at the time.....

I don't believe Elton borrowed money when he did this either.

[rh306]

https://confluence.cornell.edu/display/ ... al+Economy

"Far removed from the traditional narrative of a vibrant and sustained bull market in the last decade, the art market experienced a substantial crash in 2008, perhaps related to the concurrent worldwide financial crisis. Prices of contemporary, modern, and impressionist artwork decreased about 30%, and Sotheby's and Christie's saw their share prices plunge in reaction to the decrease in global consumer confidence."

"In theory, the wealthiest consumer constitute the bulk of the visible art market, and a large proportion of the value of artistic pieces are subjective and based on perceptions of wealth and status. More than anything, however, is that art is purchased with disposable income..."

Art market crash of 2008, correlating with the financial meltdown.

Since the financial crisis, I get the impression that alternative investments like cars/ art etc have become a lot more mainstream. I don't see people piling back into conventional financial products when we turn this mythical 'corner'.. Even talking to people in the city (lawyers at Clifford Chance, private bankers at Credit Suisse), they're putting money into London property rather than buying bonds, equities etc.

[Andyboy]

https://confluence.cornell.edu/display/ ... al+Economy

"Far removed from the traditional narrative of a vibrant and sustained bull market in the last decade, the art market experienced a substantial crash in 2008, perhaps related to the concurrent worldwide financial crisis. Prices of contemporary, modern, and impressionist artwork decreased about 30%, and Sotheby's and Christie's saw their share prices plunge in reaction to the decrease in global consumer confidence."

"In theory, the wealthiest consumer constitute the bulk of the visible art market, and a large proportion of the value of artistic pieces are subjective and based on perceptions of wealth and status. More than anything, however, is that art is purchased with disposable income..."

Art market crash of 2008, correlating with the financial meltdown.

Blimey, and there was me thinking you'd had an original idea of your own!

Look! I can grab a quote from the internet as well!

http://www.theguardian.com/artanddesign ... -blue-chip

[ross_jsy]

Blimey, I thought you could read dates.

Article posted 30 January 2015. You said "How would the a financial crisis affect the value of a Monet". News to me that we are in a financial crisis right now.

Keep writing about cars Andy, it's clearly all you know about.

[Rav335uk]

WOW, what a read,
Andy, you need to explain what you mean to these inbred fookers in nursery speak

[ross_jsy]

https://confluence.cornell.edu/display/ ... al+Economy

"Far removed from the traditional narrative of a vibrant and sustained bull market in the last decade, the art market experienced a substantial crash in 2008, perhaps related to the concurrent worldwide financial crisis. Prices of contemporary, modern, and impressionist artwork decreased about 30%, and Sotheby's and Christie's saw their share prices plunge in reaction to the decrease in global consumer confidence."

"In theory, the wealthiest consumer constitute the bulk of the visible art market, and a large proportion of the value of artistic pieces are subjective and based on perceptions of wealth and status. More than anything, however, is that art is purchased with disposable income..."

Art market crash of 2008, correlating with the financial meltdown.

Since the financial crisis, I get the impression that alternative investments like cars/ art etc have become a lot more mainstream. I don't see people piling back into conventional financial products when we turn this mythical 'corner'.. Even talking to people in the city (lawyers at Clifford Chance, private bankers at Credit Suisse), they're putting money into London property rather than buying bonds, equities etc.

London property is the golden ticket right now, anyone with money is piling in. That bubble will burst. Sadly 90% of the funds under administration at the company I work for are in London real estate so I hope it doesn't happen any time soon.

Traditionally, in times of poor finances people invest more in alternative investments. As returns on traditional financial products improve, investors will switch back.

That is historic of course, but no reason it won't be the same. While it's nice to have a physical asset you can touch, look at and drive, money talks.