Six best motors to buy in 2024 that could RISE in value including convertible you can pick up RIGHT NOW for under £7,000
A CAR expert has revealed his selection of motors that could rise in value in years to come… including a very cool convertible that should be snapped up right now for a bargain price.
Matas Buzelis, a car expert at carVertical, has picked out a handful of modern classics that currently boast fairly reasonable prices – but like many classic cars nowadays could be worth a fortune in the future.
Matas said: “Classic cars are like vintage wine and fine art, they tend to get better with age, but the trick when it comes to investing is knowing what to look for.
“A savvy buyer who picks the right make and model can double their money, but not all classic cars make good investments.
“Production volume, price and reason for manufacturing are just some of the factors that determine a car’s investment value.
“The most iconic and desirable classic cars often come with a hefty price tag, but there are plenty of cheaper options that still make good investments.
“An extremely popular and affordable car made for the masses isn’t going to be highly-sought after, even after many years, and wouldn’t be a good investment choice.
“But its highest-spec, most powerful or rarest version could become popular among enthusiasts and be considered a classic worthy of investing in.”
Ford Sierra Coupe – from £5,000
Once a staple of British roads across the 1980s and 1990s, a second-hand Sierra could well be worth picking up in 2024 – but only if you’re able to find the very best, high performance examples.
Matas said: “Well-preserved Coupe models can cost eye-watering amounts, while rare RS Cosworths are worth a fortune nowadays.
“It is a very solid and stable investment.”
Honda S2000 MK1 – from £7,000
The iconic Honda S2000 enjoyed a 10-year run from 1999 until 2009, and some 15 years after they were discontinued, the very cool convertible has enjoyed a significant appreciation in price as well as a cult status.
Matas said: “This is an exceptionally well-engineered vehicle. It offers a punchy 2.0 VTEC naturally-aspirated engine with power output equal to that of cars such as the Ferrari 458 or Porsche 911 GT3.”
Jaguar XJR X300 – from £5,000
A perfect classic for a driver looking for an affordable mixture of class and comfort, the XJR X300 – a motor often favoured by royalty and politicians – offers not only a rise in value in years to come, but also a level of style that still turns heads.
Matas said: “It may not be as quick as some other cars in the price range, but it’s a sensational, classy Jaguar that will glide over the British motorways and B-roads.”
Lotus Elise Series 1 – from £14,000
A much-loved modern classic that’s ultra-lightweight, the Lotus Elise truly is a pocket-sized supercar – designed to be small, nimble, and tons of fun.
Matas added: “A beautiful car that is built on the philosophy of Lotus Cars’ iconic founder Colin Chapman: to simplify, then add lightness.
“Perhaps the closest thing to a go-kart that doesn’t look like an open-wheeler.”
Triumph Spitfire – from £7,500
A pioneer for many convertibles that petrolheads enjoy today, the Spitfire is a great looking little motor with just the right blend of daily driveability and classic charm.
Matas said: “This is the model that inspired the first generation Mazda MX5. The Spitfire is a classy roadster that definitely turns heads anywhere in the world.”
Petrolheads should look out for the slightly later TR7 model too, with Car SOS host Fuzz Townshend urging fans to “bag them now because their time is coming.”
Ford Capri Mk3 – from £5,000
The car you always promised yourself, the Ford Capri is perhaps the Blue Ovals’ most loved motor for motorheads of a certain age.
While they were once billed as an affordable, blue-collar set of wheels, today they’re highly collectible – and can fetch a fortune at car auctions.
Matas added: “The Capri is like a European Mustang’ – it’s cheap and basic, so it’s a common choice for classic car amateurs.
“The Capri doesn’t handle well and skids easily, but larger engines are agile, and the car itself will always look cool.”
Fans of fast Fords might be buoyed to know the legendary RS200 is making a comeback – some 40 years after it last rolled off the production line.