Classic cars increase in value by £20,000 over the last decade – you might own these gems

Classic cars increase in value by £20,000 over the last decade – you might own these gems

Experts say classic cars are one of the most valuable assets to have, just short of investing in the stock market.

The 1961 Volvo P1800 was worth just £7,611 in 2010 but has seen a dramatic price rise over the past 10 years.

Just three years later the car was worth £11,896 before increasing to £11,974 in 2015 and almost £16,000 in 2017.

Fresh predictions put the car’s value at a massive £29,180 in 2020 in a massive 283 percent or £21,569 rise.

The car rose to prominence after a model was owned by former James Bond star Roger Moore.

READ MORE: Dozens of classic cars could face ‘extinction’

Published at Tue, 17 Nov 2020 11:51:57 +0000