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What are the Best Classic Cars to Buy Now?

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#cars classic automobiles
Published
05/14/2021

If you’re a fan of motoring history, then the investment in a classic car might well be a tempting one. Not only do they make excellent stores of value, they might also provide a restoration project to work on at weekends, and a gorgeous set of wheels to take out for a spin during sunny spells.

But which types of classic car might you be tempted by? A few of them stand apart from the crowd as sound investments. Let’s take a look at a few of the best classic cars to buy in 2021.

Best classic cars to buy

Aston Martin DB7
In 2020, the DB7 endured something of a bear run, with its value declining around sixteen percent. Consequently, it’s a great opportunity to pick one up for a bargain price, before the market value rebounds typically following the release of a new James Bond film.

Jaguar Mark II
This classic dates back to 1959, and its proven itself a classic thanks to a combination of iconic looks and peerless power. Unlike the DB7, its value has rocketed during 2020 by almost a quarter – and it may well continue to appreciate in the future.

Mini Cooper
The sixtieth anniversary of the Mini Cooper is approaching, and with it we could see an outpouring of love for all things mini. Mini themselves have announced plans to downsize future models, in keeping with the brand’s history. In the wake of such a thing, you can expect the value of the classic Mini Cooper, which has remained extremely stable at just over twenty-four grand, to nudge upwards.

What about Classic Car Insurance?

If you’re going to get a specialised type of car, then you should match it with a specialised kind of insurance. Insurance that’s tailored with classic cars in mind will offer greater coverage, and the insurers themselves tend to have a broader range of experience with the cars themselves, making them good connections to have.

What makes classic cars a good investment?

Classic cars are on an upward trajectory at the moment, outperforming traditional alternatives like gold, stocks, art and property. As ever, if you’re savvy enough to spot patterns in demand, and recognise which models are about to become supply-restricted, then you stand a better chance of picking up a winner. Moreover, the market for classic cars has managed to remain strong throughout the coronavirus-inspired lockdown.

It’s worth remembering that the ban on petrol and diesel sales, set to come in in 2030, will only effect new cars, which means that classic ones will be unaffected. This could potentially increase the demand even higher. Having said that, the scarcity of refuelling stations, and of qualified mechanics who specialise in internal combustion engines, might have an impact on the broader confidence in the industry. Inversely, many rare models might end up becoming even rarer, which will ultimately make them even more desirable and in turn add to their value over time.

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