BBC presenter Martel Maxwell shows off classic cars
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A new study from experts at LeaseCar.uk has looked at a selection of cars from the last 60 years that make the best investment and won’t depreciate. The research found that the Renault 5 GT Turbo has increased in value by £3,600 in the past year alone.
The car is valued at around £12,900, a 38 percent rise from 2019, when it was valued at £9,300.
The four-cylinder engine, matched with 120 brake horsepower make the little Renault incredibly valuable.
Second on the list is a Jaguar Mark II (1959-1967) which has grown in value by 27.6 percent.
The slick classic Jaguar has been described as: “Strong and effortless, with excellent brakes and nicely controlled and balanced handling.”
It’s initial valuation in 2019, priced it at £21,700, but that has since risen by £6,000 to £27,700.
The Jaguar Mark II is an iconic classic and its value has not fluctuated as wildly in recent years as its sibling, the E-Type.
Six models of the Jaguar Mark II sold last year for over £50,000 each.
Another British classic follows on in third, with the Land Rover Discovery Series I.
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These were developed between 1989 and 1998 and have increased in value by a healthy 15.3 percent.
Values of classic Range Rovers in both two- and four-door configurations have rocketed over the past five years, and Land Rovers may soon follow suit.
The current estimated value of a Land Rover Discovery is £9,800, up from £8,500 the year before.
A spokesperson at LeaseCar.uk said: “Car lovers know classic cars can be a great purchase, but if you’re thinking about investing in a vintage car you need to make sure it has the potential to hold and even rise in value down the line to get the most out of your purchase.
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