What is my Honda CR-X worth and what should I replace it with?

I have owned a Honda CRX for 24 years. It is due for some rust treatment and a respray later this month. However I am now 55 and my wife and friends feel that I should get a car more suitable for a middle aged man. Two questions. First, is my CRX valuable now and will it appreciate in value? Second, the only advantage of getting older is that car insurance is relatively cheap, and I only do about 5,000 miles a year in my car. I fancy a car that cost its original owner a tidy sum but is now 10 or so years old, is of high spec and reliable. My budget is about £5000. Do you have any suggestions?

Asked on 29 June 2013 by NN, Peterborough

Answered by Honest John
Right now Toyota Celicas are looking like good buys with some potential to become neo ‘classics’, though of course, you'll meet the same criticism that you do of the CRX. Big saloons expensive then but cheap now include Jaguar XJs, Jaguar S-Types and Mercedes W220 S Class. But rust is a huge problem on W220 S Class. As you know, the problem with CRXs is rust. Due to the way the car is constructed it can be impossible to fix. But if your rust is only cosmetic then the car could be an appreciating asset. You'll get an idea what they are going for from Pistonheads or from the club.
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