Written by Mabuyane Mabuza
What is the formula to determine if a car one buys today has the potential to become a classic/investment in the future, asked a relative who has a passion for such cars.
There is no easy answer to this question, however, there are a few unsaid rules you could follow.
First and foremost, start by doing your research, secondly trust your gut feeling, especially if you know your stuff around cars. There will be, from time to time, cars that would surprise everyone by holding their own for many years later.
Those of us who grew up in the late ’80s and the ‘90s still have vivid memories of the Gusheshe. Despite its notoriety, thanks to the drivers, the Gusheshe (BMW iS) mesmerised many people, young and old. It is not surprising that to this day, the legend of Gusheshe is still with us.
Very few cars can hold their own like that car. If you own one such vehicle, then hold on to it. We always hear experts, family members, and parents, all telling us that a car is not an investment. Granted, but how true is this statement? There is some truth to it. However, one can make car purchases that can double as both an everyday car and an investment.
What exactly is an investment or a classic car?
An investment or a classic car is one that holds its value for many years after it was manufactured.
How does one determine if their car or one they are buying is a future gem?
Not that easy but a few simple factors should help you make that determination, not all cast in stone though. If the car has a unique design, revolutionary features (something(s) not yet found in other cars and/or might take a long time before they are widely available. A special engine that is held in high regard across the board.
According to Brian Rabold of Hagerty, 2020 saw a lot of appetite for collectible cars. Hagerty is a company that insures classic/investment and collectible cars.
If you have a few extra rands to spare and art is not really your thing, then a classic car could just be the thing for you. The nice thing about such a purchase is that you would get to enjoy it as you embark on lazy Sunday morning runs to clear your mind. First things first, get down and do your research before you make the purchase. Just like with a used car, the same rules apply. Get a technical hand to accompany you on this mission. Don’t be in a hurry to buy, take your time and visit as many dealerships as possible. Of course, you can’t walk away from a good deal should you find it early in your search.
At times just go with your gut feel, should you look at a new car and it has all the hallmarks of a future classic then go for it.
Here are a few investment/collector’s cars you should consider:
1. BMW 325 iS
2. Audi RR Quattro
3. Do not sleep on the Toyota Yaris GR-Sport
4. VW Golf GTI (especially the limited editions)
Last but not least, if you have more cash to spare then your top-end brands such as Lamborghini, Ferrari, Porsche, and others should be your first point.
Happy hunting
Kaya 959 On Wheels podcast
Read Next: An 8-step guide to buying a used car
