After reading posts on this forum about when will our cars become classic cars I did a bit of research and found this little right up, kinda sums it up nicely.
"HM Revenue and Customs define a classic car for company taxation purposes as being over 15 years old and having a value in excess of £15,000. Additionally, popular acclaim through a large number of classic car magazines plays an important role in whether a car comes to be regarded as a classic. It is all subjective and a matter of opinion. The elimination of depreciation is a reason for buying a classic car; this is a major cost of owning a modern car. Picking 'future classics' that are current 'bangers' is a pastime of people into classic cars in the UK. Successfully picking and buying one can result in a profit for the buyer as well as providing transport. An immaculate well cared for prestige model with high running costs, that impacts its value, but is not yet old enough to be regarded as a classic, could be a good buy."
I think until all the "bangers" are either scrapped or restored we will be in limbo with prices. If there were only good examples for sale would the prices be so low ??