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Is it worth buying a classic car, such as the MG TA/TB/TC, as an appreciating investment?

My wife and I, both in our 70s, are considering buying a second vehicle in order to revitalise our motoring pleasure and provide an investment over the next five to ten years that should match or better the present pathetic bank interest rates. We have always admired the MG TA/TB/TC Series from 1930s and 1940s. Having been introduced to motorcycling/motoring in an era when DIY servicing was all that one could afford, the year-round maintenance of such a vehicle would provide myself with an interest, whilst the rallies, club meetings, shows etc would add to both our social lives. I accept that such vehicles are demanding high prices at the present time but feel that they can only improve. We would greatly appreciate your thoughts on this subject.

Asked on 21 March 2011 by GR, Stoke on Trent,

Answered by Honest John
I think you are thinking quite smartly. There is no doubt that the prices of rare collectible cars are following the prices of works of art. But you have to get the right car. No use buying something that requires a £75,000 restoration to be worth only £40,000. You have to buy an original car and keep it original. Or buy a perfect restoration and keep it perfect. I’d visit the MG Car Club website at www.mgcc.co.uk and see what’s on offer.
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