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How long should I keep my classic car?

I am 65 years old and have owned my Jensen Healey since 1977. It is just starting to increase in value due to it's rarity.I am considering selling in the next couple of years and would like to replace the Jensen and my daily use car, a Volkswagen Golf, for a nice comfortable car which has good performance. I do like Jaguars to give you some idea of the type of car I have in mind. So, would you advise keeping my Jensen, how would you go about selling it and what replacement car would you recommend ? I do up to 8,000 miles p.a. and am not too concerned about running costs for the replacement vehicle which should be nearly new or up to two years old. It should have 4/5 seats. I suppose my budget would be up to £25,000.

Asked on 11 August 2016 by Peter Denham

Answered by Honest John
The Jensen Healey will fetch what it is worth at auction, but it's a bit late to get it into any summer auctions this year and best not to try to sell it at a winter auction. (Historics already has 150 entries for its August 20th auction and that means the sale will take all day from 10.30 to 17.30.) 4/5 seats excludes a Jaguar XK and restricts you to tin tops. £25k puts you in the ballpark for a used Jaguar XE 2.0 240 auto: Try to get it on 17-inch or 18-inch wheels rather than 19-inch.
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