Modern Classics
05 August 2017
Classic cars are commonly referred to as great investments with potentially huge returns on investment. However, what most people tend to forget, is that these cars are not always the most reliable and sometimes require significant investments in maintenance and service as well as special storage. In addition to that, whenever these cars are driven, their value depreciates. It can also be very risky to take your classic out for a spin. Even minor accidents can cause huge amounts of money as spare parts are rare or sometimes not even existing anymore. Modern classics, however, sometimes bear great opportunities for lucrative investments as well. The biggest difference between classic cars and modern classics has to be reliability. While many cars from the 1960s or 70s often overheat or break down when driven properly, modern classics have proven to be more reliably and practical. We would like to introduce our top four of modern classics, which do not require the same amount of maintenance as classics yet hold a similar potential for investment rewards.
Porsche’s iconic supercar and predecessor to today’s 918 Spyder is the Carrera GT. With a screaming and powerful V10 and a heavy clutch, this beast of a car set new standards in the world of supercars and required the driver’s full attention on the road. With a list price of approximately $450.000, low-mileage examples in good condition now sell for around $800.000 to $1 million. And prices are expected to appreciate even more.
Build in celebration of Ferraris 40-year anniversary, the legendary F40 is one of the most popular modern classics out there. The poster-worthy design and breathtaking performance of the V8 flagship model has fascinated generations of car lovers. Well-preserved examples are reaching prices over $1,5 million nowadays.
One car, that has stunned the world of car enthusiasts and set new top speed standards for about a decade is the former fastest production car and legendary Bugatti Veyron GrandSport. With a world record top speed of 408km/h and a limited top speed of 369km/h with the roof down, this car left every competitor far behind. The 1001 horsepower ‘convertible’ version of the original Veyron wasn’t necessarily a bargain with a base price of $1,5 million. However, low-mileage GrandSports present a great and save investment without having to deal with many maintenance issues.
Enzo Ferrari gained world fame as one of the most successful car manufacturers in the world. His creations have stunned the world over decades and made for some of the most iconic and valuable cars in history. In celebration of the company’s founder and father, Ferrari introduced the Enzo. A V12 supercar that has become one of the most desirable and famous models ever to come out of Maranello. With a current value of up to $2,9 million, the Enzo is also one of the most valuable Ferrari models.
Article: Domenic Staelberg for AK Prestige Ltd © 2017
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