So, you’re selling that long held investment property ahead of the Budget, hoping to avoid being clobbered with extra levies on Capital Gains Tax and now it’s time to enjoy the profits, but what to spend it on? Well apart from the new this and that for the home, why not treat yourself to a classic car? Apart from the enjoyment of driving and ownership, if you can get ahead of the market and predict future trends, it might be profitable as well as fun.
Tastes shift with each generation, demand for older models such as the Austin Healey 3000 and classic Astons has given way to cars from the 80’s and 90’s. For example, a 1987 Ford Sierra Cosworth RS500 recently fetched a whopping £590,000 and rally models such as the Subaru Impreza are also having a moment. If you are really lucky you might pick a future stand out performer like the Lamborghini Miura from 1966-1973 whose price has multiplied by over 195 times!