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Car expert reveals five affordable convertibles that ‘are sound investments’ including ‘modern classic’ Lotus
Plus five more honourable mentions that could be equally as valuable in the coming years
A CAR expert has revealed a selection of classic motors that could be worth investing in as their price continues to increase.
The jaw-droppingly luxurious whips have been seen their prices shoot up over the last three years - but can still be picked up fairly cheaply now.
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The motors in question have been carefully selected by John Mayhead, who is an expert when it comes to classic cars.
Mayhead is the Editor of the and European Bureau Chief for Hagerty Insider - and knows what he's talking about when it comes to the value of specialist cars, reports the .
The list not only highlights the models which could be worth investing in, but also the current guide price and how much their value has increased over the last three years.
Caterham Seven
The ever-cool Caterham Seven currently boasts a Hagerty Price Guide range of between £10,000 and £33,000.
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But interestingly the value has increased by around by 1.2 percent in the last three years - which could likely continue to increase.
John said: "Values have been relatively static over the past few years, suggesting that they’re unlikely to change much, and with prices starting at around £10,000 there are options for many enthusiasts."
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Peugeot 205 CTi 1.9
Another motor he mentioned was the retro Peugeot 205 CTi 1.9, with a current price guide of between £3,100 and £13,500.
In the last three years the price has hardly moved, but it is still showing an increase of 0.1 percent in the last three years.
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John explained that the convertable version of the firm's famous GTi is "likely to increase" even more in the next few years.
He said: "Average prices of the CTi have hardly changed over the last few years, with a Hagerty average now of £7,675 which is nearly £8,000 less than the GTi."
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Toyota MR2 Mk I Targa
Toyota fans will be happy to see a real classic make the list in the form of the Toyota MR2 Mk I Targa, first released in 1983.
The sporty four-wheeler has a guide price of between £4,500 and £12,000, and the price has increased by a massive 27.5 percent - the biggest so far.
John said: "The first generation of the Toyota MR2 is a cracker and is now rightly considered to be a true modern classic."
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BMW 318Ci (E46) Cabriolet
Priced at its lowest of around £1,000, and topping out at around £9,000, the BMW 318Ci is a "powerful" and "practical" emerging classic.
It's price has not grown a lot, but it's still more than others motors on the list.
In the last three years it has risen by just under five percent.
John, said: "Low-mileage, well-maintained examples are rare, which is why they demand a premium, but with great ones still well under £10,000, it offers great value and prices are likely to continue to go up."
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Lotus Elise S1
He also mentioned a Lotus Elise S1, which has seen a decrease in value - but John pointed out that the value chops and changes and the car is still "in demand".
John, said: "In value terms, the car came of age after the Covid 19 lockdown, rising significantly in value in 2021 before dropping back down a little, hence the overall dip in average value according to Hagerty’s guide."
It's currently showing a dip in value of 8/6 percent, and can be picked up for between £8,700 and £33,100.
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Other honourable mentions listed are the Triumph Vitesse 2-litre, Alfa Romeo S3 Spider Graduate, MGC Roadster, Volkswagen Beetle 1303S Cabriolet and the Panther Kallista 2.8.
This comes after a car dealer cleared £20million in profit last year thanks to a "unique" business model.
The wealthy salesman made an eight-figure sum after shifting off 77 cars in just 11 months.
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Elsewhere, a classic car dubbed the "holy grail" by collectors put motorheads on high alert after discovering it will be sold at auction.
And, petrolheads gushed over an iconic motor that only has 800 miles on the clock - but the mammoth price is no small fee.
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