Nicer than an ISA? - Losta Risin'

Say you had up to £15,000 to put into a car, planned to enjoy it for a year or two before selling it on again, and all with the express purpose of losing as little on it as possible, what car would that be?

(For myself, mileage'll be minimal and I've no intention of ever asking, "Was I really going that fast, Officer?")

L. R.

Edited by Losta Risin' on 15/11/2012 at 19:46

Nicer than an ISA? - RT

No idea - but I use Stocks & Shares ISAs investing in Income Unit Trusts to mitigate the depreciation I suffer.

Cars should be chosen by functional specification, nothing else!

Nicer than an ISA? - Bobbin Threadbare

The one I've got now, but I never think of cars as an investment - they're for enjoying driving and getting me to work!

Nicer than an ISA? - unthrottled

Why spend £15K if you're trying to save money?

Cars depreciate faster than a pack of fags. The only way to save money is to let someone else take the depreciation hit.

Nicer than an ISA? - bathtub tom

I bought a KIA Pride for fifty quid five years ago, although it now looks like it's going to cost me a couple of hundred to replace the gearbox 'cos the diff made a bid for freedom through the clutch bellhousing.

Put the other £14-odd K into an investment?

Nicer than an ISA? - unthrottled

£50 for 5 years' motoring? Wow.

Nicer than an ISA? - BenG

Porsche 911, 1984-89 model or 964 model no.? They don't seem to depreciate. The opposite, if anything. But you'll lose out if any repairs need doing.

Porsche 968 clubsport.

Mercedes SL, R107 model.

Audi RS2.

Must be others someone can suggest...

Nicer than an ISA? - Losta Risin'

Thank you, BenG,

That was the sort of answer I had hoped to elicit.

With respect to some of the others my question was not about seeking a sound, formal instrument of investment. I asked into which car you might think to put up to £15,000, with the intention of getting back as much of it as possible when coming to re-sell.

Nor am I after a commuting-car; or a banger though I appreciate the posting about five years out of a £50 Kia. (But ha! I've had seven years out of a £106.51p Saab, bought as scrap off eBygum with a 'wrecked' autobox which required only adjustment. What others view as old nails can indeed have a useful place in one's pootling-life.)

Any more model suggestions: 'classics', perhaps?

L. R.

Nicer than an ISA? - unthrottled

Any more model suggestions: 'classics', perhaps?

The problem with classics is that prices tend to fluctuate in a rather unpredictable way. This is why I did not suggest them. Once a car develops a reputation for being a sound investment, every speculator and his dog jumps on the bandwagon and then you're stuck in a cycle of boom and bust. You don't really know where you are in this cycle. The other problem with rare classics is that they can be horribly expensive to repair, especially if the problem is rot in the undercarriage.

For £15K, how about a Triumph TR6 with the 2.5 Injection engine? Beautiful looking car, decent performance, and relaxed cruising with the overdrive. As classics go, the values are relatively stable. Just need a tow truck to escort you around :)

Nicer than an ISA? - 72 dudes
For £15K, how about a Triumph TR6 with the 2.5 Injection engine? Beautiful looking car, decent performance, and relaxed cruising with the overdrive. As classics go, the values are relatively stable. Just need a tow truck to escort you around :)

That's the trouble with any classic. I used to own a fully restored mint MGC GT, but virtually every time I went out in it, something would go wrong. It stopped being fun, but I did sell it for £400 more than I paid for it 20 months previously.

I guess for what you're looking for, you couldn't go far wrong with a newish Mini, Coopers and Cooper S's seem to have the best residuals. If you get say a 2 year old example with the TLC pack, it will still have another year's worth of free servicing when you come to sell it in 2 years time which would also help retain value.

Nicer than an ISA? - Bobbin Threadbare

Thank you, BenG,

That was the sort of answer I had hoped to elicit.

With respect to some of the others my question was not about seeking a sound, formal instrument of investment. I asked into which car you might think to put up to £15,000, with the intention of getting back as much of it as possible when coming to re-sell.


Wasn't intending to be facetious but your post read like you were thinking of making an investment in a vehicle, rather than trying to go for residuals.

HJ often advises on these types of queries in the Telegraph - I think it's Ferraris that drop and then go back up as they become 'collectors' cars.

I drive a MX-5 - I'm happy that I will get a decent amount back for it when I sell it; they retain about 50% value after 3 years which is not the worst I've ever seen!

The Lotus Elise is a good bet. Very small depreciation.

Nicer than an ISA? - unthrottled

The Lotus Elise is a good bet. Very small depreciation.

Isn't that an acronym for Lots Of Trouble, Usually Serious?

Nicer than an ISA? - Bobbin Threadbare

They are fun though, and I just looked up the actual depreciation figure and it's only an 18% drop over 1 year, which is not bad for a sports car.

Nicer than an ISA? - Engineer Andy

Something German and bomb-proof from the late 80's - late 90's perhaps, before they went downmarket with all the electronics to compete with the rest.

Nicer than an ISA? - unthrottled

I don't think you can assume any car that's 25 years old will be bomb proof.

The question is a derivitive of the perennial "how do I run a desirable car with little financial loss?"

Well, you either take a punt or you fix something that's broken.

Nicer than an ISA? - Trilogy

I'd go for an early Porsche Boxster and buy the best I could from a Porsche specialist. Something like this www.911virgin.com/porscheforsale/601/9863.2SManual/

That will leave you some ££ over for one of these www.w124.co.uk

Both these cars are on the cusp of being a classics. There was a buying feature for the

Porsche in last month's Classic and Sportscar magazine