8 replies to this topic

[MIGLIACARS]

Hi ive been out the mini seen for about 18 month not been on here much. Just been on pistonheads and wow the prices have doubled in that time. Feel sorry for the younger people wanting a mini nowadays   £££££££££££££££££££. Plus there isnt as many about forsesale as say 3-4 years ago.

[Cooperman]

Absolutely right there.

I think that there are some restoration projects around at sensible prices, but good original and genuine cars are definitely going right up in value.

My Grandson was very lucky as he bought back his first restoration, a 1985 Mayfair 998, which he sold about 8 years ago. It had just been left out in the rain and had seriously deteriorated abd he paid £950 for it.

It is now nearing completion as a sort-of replica Mk.1 998 Cooper and looks great, being rust-free with lots of new panels (all fitted by Grandad!). I shudder to think what it will be worth when all completed.

As you say, it is difficult for young enthusiasts looking to have their first classic car and it doesn't apply just to the classic Mini. It seems as though the 850 Mini is becoming very desirable now as well.

[Icey]

When you compare what you get for the same money from the BMW Minis, it's making the classics an illogical choice if you have to use the car regularly/daily - that'll kill the younger end of the market who don't have the space or cash to own two cars.

 

We're planning to take on another project at some point and the plan has changed over the last couple of years from something as earlier as possible....to something 80s.....to anything at a good price, and now, we'll probably just buy a cheap R50 or 53 to thrash around the track. If I want to restore a classic, I'll just re-do the one we have.

 

And just to add, some of the prices are simply ridiculous. I've seen far too many classics priced at 5-figures, most of them do not justify the price tag and, funnily enough, don't sell. There's an example local to us, it's been for sale for £5k since the spring - it's a shonky looking 1989 which has been partly de-seemed. I wish the owner luck but I suspect they'll still have the car in another 12 months.

[Spider]

It's not just Minis, but Classic Cars of just about any type and in nearly every country.

 

Our Real Estate Institute announced about 18 months back that THE best investment over the past 20 years hasn't been Real Estate or Stocks, but Vintage Cars.

 

Demand is high and the Auction Houses around the world are screaming for stock.

 

I'm amazed at what's being sold and the prices they get, even cars that when new, as kids we would all laugh at are getting good money.

[ads7]

Anything to do with landlords getting out of property and reinvesting into classics?

[blacktulip]

Minis have shot up in price but they have been for a few years now. Gone are the days of a cheap runner for less than £1000 now. The same can be said about hot hatches. I have a clio 182 and they have gone up to nearly double what they were going for around 2 years ago. Most have been tracked or un cared for so the good ones are becoming the ones left.

[Vanman20]

There's a mini van on ebay for £33,000 !!!

[surfblue]

I'm considering buying another Mini for my wife's 50th which will be in 3 years time.

She had a Cooper Sportspack bought new and always regretted selling it, I'd love to buy her another one for a big birthday present but the way prices are going I dread to think what a nice one will go for then, and I'm not even considering the ultra low mileage ones that are silly money even now. A nice Mini 30 is also a favourite we both love so might consider that....

[Spider]

One ray of sunshine I'll put out there is if you do end up buying what seems an 'over-priced' Mini now, take comfort that if looked after, they are all only going one way in price.