You are reading a single comment by @hugo7 and its replies.
Click here to read the full conversation.
-
The market is a hard one to call, but the mk1 GT3 does seem to be a great example of a future classic for all the usual reasons people mention.
Most importantly I guess, it's whether or not if the arse did fall out you would have to sell. If you can hold onto an asset for a longer period you stand a better chance of exiting for break even.
At current rates, I think you'd need an awful lot of cash to warrant buying outright. What's the rate of real inflation at the moment? Almost 3%? Provided the rate is fixed it would seem odd to tie up cash. Also on the mortgage unless Dammit <£20k and a term less than 10yrs, I struggle to see how adding £50k over what is likely to be a long term would be cheaper than a separate loan.
hugo7
I don't know Dammits situation, but even if I had the cash in my pocket, and I was sure the value of a particular car (like a gen 1 gt3) would exceed the cost of finance, I'd probably still finance it.
It's unlikely the arse will fall out of the market for rare cars like that.