Motoring expert Mark Nichol claims the BMW 1M Coupe “stands out” as a star of the future with owners set to reap the financial rewards for keeping their car for just a bit longer. With just 450 models sent off the production line, the car is already viewed by many as a modern classic and looks set to become an era-defining vehicle in just a few decades.
CarGurus has also previously hinted at the potential of the model which they claimed has “defied the market” by not depreciating.
New owners would have likely paid just under £40,000 when the model launched back in 2011 with the car’s value increasing slightly since.
Models have been priced on the market at almost £42,000 despite carrying over 38,000 miles on the clock.
A model with just 12,000 miles under its belt was valued at up to £50,000 highlighting some drastic appreciation.
In comparison, BMW’s similar 135i model has dropped from its £32,000 value in 2011 to just over £10,000 today.
Speaking to Vanarama as part of their investigation into classic car investments, Mr Nichol revealed the best modern classics to keep hold of for future returns.
He said: “The BMW 1M Coupe stands out: stunning 3.0 engine, rear-wheel drive, manual gearbox, massive fun, quicker than BMW claimed, and only 450 made. Or there’s the Alpine A110: rare and brilliant.
Porsches are always desirable too, so something a bit special like the 2015 model Cayman GT4, only 50 of which made it to the UK, will almost certainly be a good investment.
For something more affordable, the Renaultsport Clio 182 Cup is holding its value well and an original, low mileage example will most likely steadily rise in value.”
Classic car sales experts Classic Driver has previously claimed that the Cayman GT4 will one day be described as one of the “best handling Porsches ever”
They added that the model was a “shrewd purchase” highlighting that the model had a lot of potential for future price rises.
Motoring experts have previously claimed that the Clio 182 was one of the last supermini hot hatches adding to the car’s future star appeal.
A fascinating backstory can also appeal to prospective buyers and means owners can demand more money in the long term.
Traditionally nostalgia was important among classic car buyers desperate to secure the model they had on their bedroom walls as a kid.
However, as the car industry changes so does demand with car auction specialists G3 Remarketing warning that “nostalgia isn’t what it used to be”.
They said: “Up to the Noughties, nostalgia for vehicles that you couldn’t afford when they first came out, weren’t practical for the daily grind, or that were made iconic by movies or TV, were the ones to get hearts pounding in the small ads.
“But consumer culture has changed and buyers are less constrained by the funds they have available.
“Twenty-year-olds in full-time work, living at home with parents, can now have a flash new car on PCP if they are able to stump up £500 per month for the repayments.”
Published at Wed, 18 Nov 2020 12:33:00 +0000