Media making them future classics

[SonnyA85]

I would think the cost of fuel would be the least of a Ferrari owners worries running costs wise.

It is. What do you think it's going to do to the value of the car when petrol is £3+ per litre.

So best to sell now to people who think petrol will get cheaper or stay where it is.

He works in the oil and gas industry so he's confident that now is the time to sell. Especially with the incoming recession.

 

[Scubaregs]

I would think the cost of fuel would be the least of a Ferrari owners worries running costs wise.

It is. What do you think it's going to do to the value of the car when petrol is £3+ per litre.

So best to sell now to people who think petrol will get cheaper or stay where it is.

He works in the oil and gas industry so he's confident that now is the time to sell. Especially with the incoming recession.

Seriously, you think a potential Ferrari buyer would be put off by the price of petrol?

 

[SonnyA85]

I would think the cost of fuel would be the least of a Ferrari owners worries running costs wise.

It is. What do you think it's going to do to the value of the car when petrol is £3+ per litre.

So best to sell now to people who think petrol will get cheaper or stay where it is.

He works in the oil and gas industry so he's confident that now is the time to sell. Especially with the incoming recession.

Seriously, you think a potential Ferrari buyer would be put off by the price of petrol?

Read my post again.

The value of his car will plummet if petrol goes to £3+ per litre.

He was happy taking a loss of several tens of thousands per year when he bought it. But he's now no longer happy if depreciation accelerates costing him more than he had planned for.

He also has a Mustang the V8 not the ecoboost and a Yaris GR as well as something a lot more boring for trips to the dump, etc. He clearly doesn't care about petrol but if it does hit £3 a litre he has said he would have to think about it and therefore so would others so best to get rid of the Ferrari now.

 

[Scubaregs]

I don't need to read your post again, I simply disagree with it.

 

[SonnyA85]

I don't need to read your post again, I simply disagree with it.

And I'm disagreeing with these cars apart from the M and Alpina ever being worth considerably more money than they are currently.

The M's and Alpinas are the ones that will be sought after nothing else.

The market over the next 10 years is going to go through an unprecedented change.

A bit like going from horse and cart to automobiles in the first place. So you may see some gypsies still using the normal zeds on homemade petrol

 

[tiglon]

There's nothing remarkable about them now, just like there wasn't anything remarkable about an Alfa 2000 50 years ago. Once the E85 is old enough that it's nostalgic and there are only a handful around then it will be desirable enough to be a classic. Yes everyone will lust after the Z4M, but that'll be quarter of a million just like a GTAm.

The Z4 is probably at the bottom of it's price curve at the moment, just like the Toyota MR2 mk3 was when I bought one (with the same mileage as the £7k one in that article) for £850.

A quarter of a million for a Z4M? Inflation must be much higher than I thought? Or are we talking rubles?

No, we're talking in 50 years.

There's probably a formula for calculating the future value of a car, based on a score for innate desirability, numbers still in existence, inflation and years since production.

The potential spanner in the works is the climate change factor.

If M and Alpina values do climb I can see 3.0Si values creeping up as the next best option, especially as both are pretty rare with less than 1,000 Roadsters and just over 2,000 Coupes registered in the UK. And a 3 litre N52 is still pretty special for an N/A production engine.

Exactly. 90% of the sub £10k Z4s will probably have been run into the ground and scrapped in 5-10 years, leaving a few good ones that will be worth a lot more than they are now.

 

[tiglon]

You can still buy a horse for tens of thousands, even though it's obsolete

It's not Ferarris that are going to be impacted by high fuel costs, it's ordinary cars. How many Ferraris are driven more than 1,000 miles a year?

 

[Pondrew]

Classic cars also have a huge 'nostalgia' element to their desirability and therefore price these days IMHO.

When people get to a certain age, they hanker after the things they had (or wanted) in their youth, and often have more disposable income than they did when younger.

Vintage car prices have been dropping for years, as the people who were interested in them for the reasons above have pretty much all died.

As a child of the 1970s and '80s, I have no interest in a 1925 'whatever', but I would very much be interested in a 1974 Escort RS2000.

 

[buzyg]

Personally I don't think they will.

Your opinion..........fine.

The fact you can pick them up for £2k-4k shows that they aren't appreciating in price quite the opposite

:?
Good luck with that pal!
Pick it up for £2k is just possible for a 4-pot, but I can tell you now, from experience, that it will be double that to make it a good'un.
Still cheaper than a decent garden though, eh?

Don't know where you are getting your prices from but my garden is going to be costing circa £30k. And that's with me doing 90% of the work myself.

I am using top end stuff though. If I wanted to do it on the cheap could probably get the full thing done for £5k.

:worthless:

 

[Secondtothird]

Interesting discussion.

In my view we're on the cusp of an electric revolution for most forms of transport, which makes sense in a great many applications. We had an electric car for a few years and it was great, even with only 130 miles of range. Smooth, quiet, practical, well kitted, cheaper to run, better for the environment (after around 50,000 miles anyway), and so on. But totally devoid off any real driving enjoyment. They're a very good way of getting about. Once the silent acceleration giggle wears off, it's just an efficient tool.

For car enthusiasts, where it's as much about the noise, the vibration, changing gear and being the organic part of the machine, petrol cars will always be the preferred experience, as well as for the nostalgia hit, which is of course a huge driver for classic/enthusiast car appreciation.

Petrol will get more expensive, of course, £3, £5, £10 per litre, sure, in time, but people who crave the experience will pay it. It won't be for everyone. I'm not into game shooting, but people will still pay £10k a day to go do it. If you're able to afford it, people will pay whatever the rate is.

And in my opinion the M will of course grow in value in the coming years, 30k, 40k, 70k, probably 100k+ in 'x' number of years into the future. But as it rises it will price people out, meaning they'll then look for the non-M variant as the next best thing. That demand will increase, as supply continues to drop as a few more bite the dust each year, and so values will rise.

So yeah, the M will drag it up. Who knows what they'll be worth in the future, but for enthusiasts, who drive these not as dailies but for pleasure, the price of petrol won't be a blocker. If the M hits 75k in 10 or 20 years, the non-Ms won't still be sub 10k, they'll be following suit, just at the next level down.

All in my view of course.

Owen

 

[buzyg]

Interesting discussion.

Who knows what they'll be worth in the future, but for enthusiasts, who drive these not as dailies but for pleasure, the price of petrol won't be a blocker. If the M hits 75k in 10 or 20 years, the non-Ms won't still be sub 10k, they'll be following suit, just at the next level down.

Owen

If the ///M is worth 75k in 10years time, I'll be able sell it and afford a sit on lawn mower.