These 8 Collectible Cars Already Hit Rock Bottom Now Spiking: Hagerty
Our friends at Hagerty have come out with their 2021 Bull Market list of collectible vehicles that have already hit rock bottom and are now spiking. Some are obvious and others might have slipped under your radar. It warns that making a quick buck or flipping isn’t what these are about. They’re about buying something of value you can use without it depreciating.
You know when you buy a new car off the showroom it loses a certain amount of value instantly. As the years go by it slips further away from the price you paid. These cars listed here are Hagerty’s picks for not doing that. Whatever you buy from this list should appreciate while you enjoy it. There’s a lot to be said for not losing money on a daily driver.
2011-2012 Lexus LFA
Always limited, expensive, and great-looking, the Lexus LFA had mechanics to match its looks. Powered by the 4.8-liter V10 with 553 hp hooked to a paddle-shift automatic, it screams to 60 mph in 3.7 seconds. Priced at $350,000 when new, these have really never dropped in value. At under $600,000 right now for a used LFA, it is only going to continue leaping towards a cool million dollars. Interestingly, Hagerty says since 2019 more LFAs have changed hands than all other years combined.
2006-2010 Jeep Grand Cherokee SRT8
The first street performance Jeep wielded the 6.1-liter Hemi with 420 hp. A unique fascia and rear along with a lower ride height combined to give these Jeeps a completely un-Jeep-like stance and swagger. Prices have never really dipped too much in the past ten years since the last Jeep SRT was produced. From 2018 to today prices on average have risen almost 20%.
1984-91 Ferrari Testarossa
Another no-brainer, virtually all Ferraris will be sought after forever. Especially with a V12. That said, the Pininfarina-designed TR had spectacular looks if a bit wide. With the ability to hit 180 mph the mid-engine V12 was potent. But as with many things from the 1980s prices went south hitting below $50,000 in the 2000s. By 2017 prices were on the rise. Hagerty says a 1991 model sold in October for almost $200,000. The rise in TR prices is on the upswing. The downside is the engine-out servicing will drain your bank account quickly.
2005-17 Aston Martin V8 Vantage
We have to admit these have been on our radar. There have been some fairly cheap Vantage deals-especially convertibles. Priced at $110,000 when new, the “cheap” Aston Martin was a beauty. Starting with a 4.3-liter V8 it quickly was enlarged to 4.7-liters with 420 hp. Prices in the $35,000 to $50,000 range for low mileage examples are not uncommon. Yeah, they can take a fairly large wallet to handle some of the regular service milestones, nagging electrical or other Gremlins. But whatever you pay you’ll not lose money on these beauties.
1964-70 Honda S600/S800
Never common in the US these tiny-engined four-bangers featured double-overhead cams. It also had a six-piece crankshaft so it could be installed into roller bearings. Unusual chain-drive spun the rear wheels. That was replaced with a solid-axle rear later in the 1960s. Redline was a screaming 9,500 rpm. First as a convertible, in 1966 a hardtop coupe came onto the scene. Fit and finish are said to be almost perfect. By 1970 Honda was done with it. Expect to pay between $30,000 and $40,000 for decent originals. Remember that parts for these S models are practically extinct.
1980-91 VW Vanagon Westfalia
Early versions of the Vanagon had the ubiquitous flat-four. Later Vanagons got diesel and automatic, with water-cooled flat-fours still later in production. Syncro all-wheel drive was an option. Each subsequent engine brought a bit more grunt. With the pandemic reminding, many of the joys of camping the Westfalia is more popular than ever. The only downside is the poor fuel economy. Expect to see prices in the mid-20s to mid-30s. We know of a few that have already been converted to all-electric conversions.
2005-06 Ford GT
We won’t go too much into the Ford GT because it was obvious from the day it was released it was an instant classic. Prices have never dropped if that tells you anything. The perfect inflation hedge. Priced at $150,000 when new, we are currently at mid-$350s to $400,000 prices for most that come onto the market.
2000-06 Audi TT Quattro
Available as both a coupe or convertible things started with a turbocharged inline four-cylinder with either 180- or 225-hp. Later 3.2-liter V6s came in Quattro versions. Some feel it is the most perfect stripped-down design of the new millennium. The TT is still going strong but 2021 is expected to be the end with crossovers taking over Audi’s offerings. Prices are still well below the original $30,500 buy-in. Expect to pay prices ranging from $10,500 to $18,000.