Do you own an old Ford Mondeo? The ‘future classics’ that could one day be worth a small fortune
Everyday cars worth as little as £2,500 are being snapped up across the UK after being tipped to skyrocket in value
EVERYDAY cars are quickly developing reputations as "future classics" tipped to skyrocket in value, experts have revealed.
Ford, Renault and Audi lead the list of older cars priced from just £2,500 expected to be worth a lot more in the near future.
But you better get in quick before these rare models are snapped up.
The unexpected popularity in these cars has been linked to the government-lead push for more economical vehicles on UK roads.
Vintage cars from the 80s, 90s and early 2000s are now being scrapped in favour for more economical vehicles.
And while they might not be cheapest to run on the road right now, some could be worth far more than their current list price in decades to come, according to vehicle leasing firm Select Car Leasing.
Modern cars tipped to be vintage favourites
- Alfa Romeo 147 GTA (2004) - approx £8,500
- Audi TT 3.2 V6 (2003) - approx £3,500
- Ford Mondeo ST-220 (2002) - approx £2,500
- BMW Z4 3.0i (2003) - approx £4,000
- Renault Clio 182 (2004) - approx £2,500
- Mazda MX-5 MK1 1.8i (1997) - approx £4,000
- Honda CR-X Del Sol (1995) - approx £7,000
- Citroen C6 (2006) - approx £4,000
- Volvo 850 R 2.3 (1995) - approx £7,000
- SAAB 900 Turbo (1993) - approx £4,000
Ford's 2002 Mondeo ST-220 has been developing a reputation as potential standout in the future classic market in recent years, and goes for just £2,500 with online dealers.
Alfa Romeo's 147 GTA, released in 2004, could also prove popular among collectors as there were only 5,000 released worldwide.
And it might look your typical family car, but the Volvo 850R 2.3 is something to keep your hands on.
The 1995-built car is already skyrocketing in value and fetching more than £13,000 at auctions.
Other vehicles which have developed a cult following among traders across the UK include Audi TT 3.2V6 (2003), BMW's Z4 3.0 i (2003) and Renault Clio 182 (2004).
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Mark Tongue, director of Select Car Leasing, said: "The modern car market is radically different to what it was fifteen years ago.
“Government-led drives to improve emissions has led to more and more scrappage schemes, with many cars from the 80s, 90s and early 2000s being ditched in favour of more economical vehicles.
“That big shift means that some cars from the early Noughties are now already being considered ‘classic’, because of how far and how quickly the motoring industry has changed. But there’ll always be nostalgia for everything retro."