Classic cars can often turn in a bit of useful extra cashflow this time of year.
Always with one eye on the market, leading classic car insurance specialist Heritage has selected four of this summer’s hottest investment tips, with the value of the following motors set to rise along with the temperature.
Here’s what Heritage’s Mark Wilkinson, Managing Partner of the family-run business said, “There are a few classics out there we feel are about to rise, or keep rising, in value, so if you spot one of the following and the price is right, get yourself something for the summer that could see you well in pocket when you choose to sell it on.”
And here’re Mark’s thoughts on each of the cars:
Ferrari Testarossa (1984-1992)
“The 80’s were famous for cult films like The Goonies and The Breakfast Club, some questionable fashion, but also the Ferrari Testarossa. Launched back in 1984 at the world famous Paris Auto Show, the Testarossa was a big, exuberant statement from the Italian manufacturer. Huge numbers kept this user-friendly super car’s resale values low. It’s now-rare in your face style has made it a good classic car prediction for this summer.”
Volkswagen T2 Bay Window (1967-1979)
“One of the most iconic vehicles of its age and as symbolic of an era as any car can be, the plucky Volkswagen was an update of the previous model in the late sixties. Values are still high for what is essentially an old van, but as anybody who owns one will tell you, it’s the lifestyle it represents that pulls you in. We believe the values of the T2 are going to keep rising, making this old van a firm favourite on our classic cars to look out for in summer 2017.”
Porsche 928 (1977-1995)
“With Porsche’s famed 911 starting to decline in sales, the Porsche 928’s V8 was a step away from the traditional flat six engine used in the 911. It was a bold move for the company. Nowadays, it is potentially under-valued as a classic car. Time has now helped this luxury GT car find its rightful place in the Porsche ranks and values are starting to rise.”
Ford Sierra Cosworth RS500 (1987)
“The Ford Sierra RS Cosworth RS500 was an instant success when launched in 1986, but as a homologation special, the 1987 RS500 was even better. But, why is it one of our top tips for this summer? It is an anniversary year for the vehicle! It is a very rare car and one you’d be lucky to spot on the UK roads today. Therefore the values are rising swiftly so if you see one for sale, don’t miss out!”
For more about Heritage Classic Car Insurance, visit http://www.heritagecarinsurance.co.uk .