Now that dealerships are back open, there are some unbelievable deals on new vehicles in the market. Whilst we all dream of selecting an ideal car, choosing the colour, the trim and accessories, have you ever thought of a more exciting vehicle, one that doesn’t depreciate like a stone as soon as it drives off the forecourt? One that doesn’t lose up to 20% of its value every year?
Our Mechanic in Residence at ClickMechanic, Nigel, who has owned classic Jaguars and Alfa Romeos, takes a look at the alternatives to buying a new car.
New Mini v Classic Mini
- New Mini
The cheapest new Mini is £16,200 on the road. This gets you the 3 door hatch one, with a 1.5, 3 cylinder engine. This vehicle is estimated to be worth £12k in three years.
- Classic Mini
A 2000, classic Mini Cooper Sport with just 18,000 miles in British Racing Green for the same money. These cars are gaining in value more and more, so look after it and it is likely to rise in value.
Jaguar XF v Jaguar Mk II
- Jaguar XF
A new introduction level Jaguar XF will cost you in the region of £35k. With an estimated depreciation of 40% over three years, that means you could lose £14,000 in that time.
- Jaguar MkII
A 1960s Jaguar MKII 3.8 in Old English White. Just think of glinting chrome work, the wire wheels and driving up the gravelled drive of a National Trust mansion with your wicker picnic basket in the back. (Just don’t get a red one or you will forever be called Inspector Morse!)
VW Golf MK8 v VW Golf MK1
- VW Golf MK8
The ever popular Golf in its latest incarnation starts at just over £20k for the base model, the epitome of average!
- VW Golf MK1
OK, this one is trickier! So I am going to opt for a double purchase. A MK1 Golf GTi AND a MK1 Golf Cabriolet for when the sun comes out! Scruff of the neck fun on one hand and probably one of the prettiest average car drop tops made. Both are holding their value well and certainly won’t lose you money.
So, what else?
What would £20k get you? How about a 1993 Rolls Royce Silver Spirit II in Brooklands Green, perhaps a TVR Chimera 5.0 in stunning yellow, maybe an awesome Mercedes CL600 5.5? The choices are endless and with networks of owners clubs, readily available spares and advice – what’s not to like about the idea?