I’m a motors expert – here are the best cars for under £5k which will only soar in value… you could make a huge profit
A MOTORS expert has listed the best cars for under £5,000 – and they will only soar in value.
Petrolhead JB took to YouTube with his list of ten cheap cars which could make you a huge profit.
He said: “All ten of these cars have been going up in value for quite some time now.
“To be honest, all ten of them look like they could carry on doing so.
BMW Z3
JB said that the BMW Z3 is “beginning to gain traction as a classic car”.
The first BMW to be only made outside of Germany, the two-seater Z3 comes in both a roadster and a coupe model.
A special edition James Bond Z3 was made in 1995 to mark the release of GoldenEye.
Audi TT
JB said: “The Audi TT’s bubbly shape has started to grow in popularity over the last.
“It’s starting to gain a more classic status as we speak – with enthusiasts searching for the best examples to store away.
“Over the past few years these have gone from being available for a little as a grand to around £2,000 now.”
Citroen Saxo VTR
A Citroen Saxo VTR could once be picked up for less than £1,000.
Known as a boy-racer car, it became popular with rally and rallycross drivers.
Now the hard-to-find Citroen can sell for over £5,000.
Renault Clio RS
JB said: “Old performance Renaults consistently have proven to increase in value as people start to appreciate them more with age.
“The first-generation Clio with the right specs is already worth a decent bit of money.”
You can still buy a running Renault Clio RS for as little as £2,500.
Honda Civic Type R
Available for as little as £3,000, the Honda Civic Type R is has a cult following for its limited-slip differentials and racer seats.
If you fork up £,5000, you could get a 2005 model with 100,000 miles on the clock.
Fiat Coupe
The Fiat Coupe’s iconic shape and Ferrari-style tail lights have earned it the admiration of many collectors.
It is also a high-performing car in its own right, with JB predicting that its value will continue to rise in the coming years.
Owners tend to be happy with the car – but it does need a lot of maintenance to keep in good condition.
Mazda MX-5
JB said: “As an owner, I’m obviously very happy about this next one.
“The Mazda MX-5 has only very recently started to go up in value
“I bought mine in September 2019 for £1,000 in fully working order.
“Now the minimum you’ll find these listed for in a similar state is around £3,500.
“These are well-loved little sports cars. As many have died from rust issues it’s become harder to get a good one.”
Porsche Boxter
The Porsche Boxter used to be on the market for well under £3,000, before soaring in value.
Many other Porsche models have appreciated with age, and it is likely that the Boxter will only get more valuable in future.
Collectors love the Boxter for its fried-egg headlights and its important place in Porsche’s history.
The Boxter was the first car for the mass market – but kept the brand’s first-class quality.
Mercedes Benz SL
When it was released in 1989, the SL was “hugely desirable” – with its roll bar winning it many fans.
JB said: “Mercedes have a habit of making cars that look pretty average and boring after ten years – then suddenly flip and look like classics worth a small fortune.
“I think that’s where this car sits right about now. The SL class in particular is arguably the most famous and seminal series of Mercedes.”
Alfa Romeo Spider
Only 39,000 Alfa Romeo Spiders were built worldwide – with JB calling the motor “absolutely divine”.
Released in 1999, it won ten awards including World’s Most Beautiful Automobile.