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Depreciation proof?

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Old 13 March 2008, 09:28 PM
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tallsteve
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Default Depreciation proof?

I know most (all?) cars depreciate but was wondering what would be the best "fun" and sporty car you could get for a for a budget of about 7-10K that you could sell in about 2 years and recoup most of the money spent...

Ideally nothing too old, or potentially unreliable!
Old 13 March 2008, 09:42 PM
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s70rjw
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Caterham, Westfield or an Elise.
Old 14 March 2008, 12:10 PM
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Alec
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Audi RS2, though wont be a minter at the level.
Old 14 March 2008, 12:13 PM
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stilover
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Escort Cosworth, though for £10k it won't be a minter either
Old 14 March 2008, 12:15 PM
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RUDDY
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if you could fing another 3 grand you could buy an escort cosworth then in 5 years time sell it for more than you brought it for! if i had 13k to blow this seems like the car to buy for no depreciation
Old 14 March 2008, 12:16 PM
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RUDDY
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haha beat me to it! these STI,s are deffo quicker
Old 14 March 2008, 12:33 PM
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Morgan?

List price for them after 2 years used to be more than showroom price.
Old 14 March 2008, 01:17 PM
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Petem95
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TVR Cerbera

May get a few niggles with it, but these seem to bottom out at about 10k.

Can't see a 7k Elise losing too much either now, and these are cheap to run.
Old 14 March 2008, 02:35 PM
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S2000
Old 14 March 2008, 07:20 PM
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BLACK V5
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M635csi or E30 M3.
Old 14 March 2008, 08:43 PM
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nik52wrx
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Mini Cooper S.
Old 14 March 2008, 09:06 PM
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Mini cooper s, I may have my wifes for sale soon if you interested? Great little car but not great for kids soon to come!
Old 14 March 2008, 09:12 PM
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Well its got to be something relatively rare ...!
Old 14 March 2008, 09:59 PM
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slim_boy_fat
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I have a mini cooper s works for sale at close to that, mega spec. Hold their value pretty well.
Old 16 March 2008, 08:03 PM
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mattbeef
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EK9 Honda Civic Type R
Old 16 March 2008, 08:06 PM
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scoobynutta555
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Elise.
Old 16 March 2008, 08:29 PM
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RS Grant
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DC2 Integra Type-R


Cheers,
Grant
Old 16 March 2008, 09:38 PM
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rossyboy
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First thought was a 3 door Sierra cossie. But I suspect that might be too old.
Old 16 March 2008, 09:49 PM
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Paulo P
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Any Ford RS really, bought my Sapphire Cosworth nearly 18 months ago and it's still worth more than I've spent on it
Old 17 March 2008, 02:59 PM
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Originally Posted by RS Grant
DC2 Integra Type-R


Cheers,
Grant
what he said
Old 17 March 2008, 03:40 PM
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lozgti
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MX 5 or Elise.

Elise seems to keep coming up
Old 17 March 2008, 04:12 PM
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RobEvo5
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Most performance cars a few years old will hold there own very well. Apart from being a petrol head its one of the reasons I always muck about with performance cars, and performance cars generally around the 1996-1999 age hold there value whether it be an elise, M3 Evo conv, TVR chimera, MX5, Skyline, Scoob, Mist EVO, etc,etc

But as said above for a proper little toy for around the 7-9K mark the elise has to be a good bet, depends on the type of car you are looking for.
Old 18 March 2008, 05:31 AM
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CristianH
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If it's going to be a 2nd car AND will be garaged AND will be used for limited miles, from personal experience i'd recommend an integrale evo.

10k buys a good one which will be worth more in a couple of years provided the condition is maintained. Note that they do rot and do go wrong so utmost maintainence is required!

They also make you feel like a million dollars, best feel good car i've had by a long long long long way. If you don't like attention (of the good kind) then dont bother...you expect blokes to look over/comment on the car but it surprised me the number of car-head ladies and old fogies who would drool over it.....even helped me pick up one very fine looking young lady who i was with for a nearly a year LOL!!!

Uber cool
Old 18 March 2008, 09:38 AM
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BUGATTI VEYRON £1 Million to buy new £1.6 now Start saving
Old 18 March 2008, 10:04 AM
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Steve vRS
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Racing Puma.

£7k will get you a good one with an LSD. As long as you don't let the arches rust and keep the Alcons maintained, you should be able to sell it for £7k in 2 years.

Steve
Old 18 March 2008, 05:58 PM
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Originally Posted by rossyboy
First thought was a 3 door Sierra cossie. But I suspect that might be too old.
nail on the head mate - I paid 10 grand for mine, ran it for 4 1/2 years without missing a beat, and then sold it for 10,500. the ONLY car I have ever ran for that length of time and got more than my money back!! Sad to see her go!
Old 19 March 2008, 05:33 PM
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Fire Up The ............ ?

Although its old.
Old 19 March 2008, 06:01 PM
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Olly
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After considering all sorts for all of the same reasons, I've just bought a 1999 Alpina B10 V8.

Worth not far off half the amount an equivalent M5, all for a mint, 40k miler one owner car with 350bhp and a bit of rarity value thrown in.

No Vanos or nikasil issues to worry about either. It's gonna drink, but it's a second car anyway, and owners on the Alpina forum seem to quote respectable MPG figures (for a V8) anyway. Time will tell.

It's already depreciated £55k, so don't think it can go much further And the extra £10k saved by not buying an M5 can go into the VX220 fund.
Old 19 March 2008, 07:36 PM
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Dracoro
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VW Corrado VR6 Storm.

Get one in low mileage in great condition for £6/7k and it will, if anything, appreciate.

Whatever you get, get a good one (I mean REALLY get a GOOD one) otherwise it will depreciate. Most cars that don't depreciate are the ones in tip-top condition - so you must keep it this way.
Old 19 March 2008, 08:16 PM
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tallsteve
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Some very interesting options! In no particular order...

Cossie - bang on about already being a classic, but would be scared off due to no mechanical ability whatsoever! As said, hard to find a mint example too...

Intergrale - As with the cossie, fantastic car but with no ability to fix it if (when!) it goes wrong.

MX5 - Already got one, want a change!

Elise - Too small (? I find the MX cramped as I'm 6ft 6) and problems with the engine? Maybe a bit too raw for most of my mileage which is in and around the war-torn streets of SE London... Speedbump central!

DC2 - Tried one, liked it and am looking for a good example. Would you go for a UK or JDM version? I'd imagine the UK would be "easier" to re-sell and insure?

Alpina - Mmmmmm, was looking at some big engined 5 series and this would be an interesting choice.

Corrado - Always liked these, will have a little look! Noted that it MUST be a minter!

Any others? Was thinking Mercs (W124 series maybe?)


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