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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.[4] 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 ??
 

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I think you can safely use the Alfetta Gtv as a realistic bench mark of how 916s values will behave.

They will never be an expensive car imo. Certainly value will increase from the low point we are at, but factor in inflation and expenses in keeping good examples good, it will never be a money maker.
 

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Yesterday?

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.[4]


That's for company taxation purposes....not general classic status.
Clive




I think you can safely use the Alfetta Gtv as a realistic bench mark of how 916s values will behave.

They will never be an expensive car imo. Certainly value will increase from the low point we are at, but factor in inflation and expenses in keeping good examples good, it will never be a money maker.
The Alfetta GTV is known to be a bit of a rust bucket & hasn't the looks/style of the 916.

As for a money maker.....it depends on how much money you want to make? Currently they're not an easy quick profit that's for sure but good examples do fetch good money....eventually. I've sold 6 this year.....the quickest sale was 6 months....the longest 3 years! Prices were between £2.6 & £7k.

I recently sold a rather special 1998 156 2.5 V6 for £3k but that only took 4 months.

Clive
 

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The rust bucket comment is a bit daft, the 916 will certainly have its own rust issues as most cars if a certain age do, it can be seen starting to appear in many Ph1 cars. However fur the purpose of this discussion it's irrelevant anyway, we are talking about good cars left in the future. Opinions on looks is again subjective, the Alfetta Gtv coupe was always applauded for it's styling.

What value you achieve for these cars today is again irrelevant to their future value, surely we are talking about the time when these cars will spend the majority of their lives in a garage rather than in the road. It takes a certain type of owner to do this, covert the car more than drive it and like the Alfetta, I'm pretty sure there won't be enough of us to see values of high proportions.
 

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The rust bucket comment is a bit daft, the 916 will certainly have its own rust issues as most cars if a certain age do, it can be seen starting to appear in many Ph1 cars. However fur the purpose of this discussion it's irrelevant anyway, we are talking about good cars left in the future. Opinions on looks is again subjective, the Alfetta Gtv coupe was always applauded for it's styling.

What value you achieve for these cars today is again irrelevant to their future value, surely we are talking about the time when these cars will spend the majority of their lives in a garage rather than in the road. It takes a certain type of owner to do this, covert the car more than drive it and like the Alfetta, I'm pretty sure there won't be enough of us to see values of high proportions.
The problem lies with Andy's question which goes on to ask about prices/values as well as classic status.

Are we more concerned about their value or status?

Good examples are already fetching good money but that doesn't mean they're classics already it just means that some buyers have realised how much they might have to fork out on a cheaper unprepared example to bring it up to a certain standard....not fully restored as that would definitely be in the tax man's bracket.

As for rust, the 916 floor pan needs checking as do, as I recently found to my cost, the front inner wings which form the structure for the front suspension...but they're not known to be bad for rust as other old cars can be.

Styling & rarity seem to be the 2 most important criteria for reaching classic status....the V6 916 has both....the TS is, IMO, holding it back due to numbers.

Clive
 

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Discussion Starter #7
The problem lies with Andy's question which goes on to ask about prices/values as well as classic status.

Are we more concerned about their value or status?


Ok, I guess my post was missinturpritated, it was meant to be a a bit more tongue in cheek. You should know I don't care about value or status of these cars. I have spent thousands getting my car to a level where I'm happy with it and can drive it without any worry about any problem, just because I enjoy the car !!



Styling & rarity seem to be the 2 most important criteria for reaching classic status....the V6 916 has both....the TS is, IMO, holding it back due to numbers.


I can agree with you on that matter simply because there were more TS vehicles sold then V6s. So there will be more "doggy" TS cars out there then V6 cars, but this doesn't mean that there aren't any "doggy" V6 cars for sale !!
Not including any of your cars of course ;)



Clive

Andy
 

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Semi Classics

Styling & rarity seem to be the 2 most important criteria for reaching classic status....the V6 916 has both....the TS is, IMO, holding it back due to numbers.

Clive


I can agree with you on that matter simply because there were more TS vehicles sold then V6s. So there will be more "doggy" TS cars out there then V6 cars, but this doesn't mean that there aren't any "doggy" V6 cars for sale !!
Not including any of your cars of course
Andy


That's why I only stated 'Styling & Rarity' not condition which would dictate value rather than status.

I use the term 'Semi Classics' when explaining the 916, this seems to work well.....until they become proper classics that is.

Clive
 

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With respect all cars will become "classics " in 30 years cos they will all be in the back garden as ornaments when petrol is priced beyond reason and battery cars have taken over.In the mean time try and enjoy them whilst you can. I can honestly say id be happy with my series 2 spider as an ornament due to its looks but i will be well gone!
 

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I wonder if at that point it will be possible to buy drop in replacement power packs and electric motors to allow us to continue to use these cars, accompanied by recreated busso noises though the stereo - thad'd be a strange world indeed
 

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It's a bit garish but looks the business.
I try to resist the "what's it worth" debate but as far as Classic status is concerned I'd say my Cup already qualifies and given its condition and very low mileage I'd expect its value to start climbing as the economy improves. Arguably my P3 is worth more as its condition would be difficult to beat except by a car that had never been driven at all. I'm not sure it will be a classic for some years.
 

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An interesting point I've noticed is over the past 3 years I have studied the GTV market as I always fancied one. I remember there was a decent selection of cheap GTVs and I couldn't believe what was on offer for the money.

Since buying mine over 18months ago the market has changed significantly. The number of cars available has more than halved and the cheap ones are dog rough. I would say that the cars that I was looking at 3 years ago for 500 quid are now more like 1500.
 

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Honestly I don't think they will ever truly reach classic status. That is to say; that other than Alfisti I don't think 916's are going to peak too much interest from anyone who doesn't already love Alfa's.

I love my GTV and so do most people who see it and have been in it. But I just can't see a GTV/Spider ever reaching a 'true' classic car status. By 'true classic car' I am talking about cars like the 60's Ferrari California which appeals even to people like me, that is to say; people who don't really like Ferrari's at all. I don't think the GTV will ever be a car like that. Not even the Busso's and my main reason for that is because cars like the 60's California, Lambo Miura, Mustang, AC Cobra etc. were cars that defined motoring at those particular times. They were cars that had a large impact on the world of motoring.

Now of course I think the 916 is a beautiful platform, but they were never anything overly "special" in the world of motoring. Of course to us owners they are very special. But they didn't inspire a generation of kids who had posters of them on their wall (California, Miura), they didn't inspire a complete transformation of a car market (Mustang, AC Cobra), 916's are simply cars that are loved and adored by their owners but the rest of the world think we are mad for owning one because its an Alfa. And that is probably the biggest limiting factor......they are viewed as being "an Alfa' if you get what I mean. People just sit there and go "why on earth did you buy a car that is going to break down every 5 metres and cost you and arm and a leg to fix?".

So between the 916 platform not really doing much in term of inspiring the motor industry and Alfa having a certain stigma associated with them in the general public; the 916 will never be a true classic. Obviously I would love it if they did but I just don't see them ever getting there.
 

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Honestly I don't think they will ever truly reach classic status. That is to say; that other than Alfisti I don't think 916's are going to peak too much interest from anyone who doesn't already love Alfa's.

I love my GTV and so do most people who see it and have been in it. But I just can't see a GTV/Spider ever reaching a 'true' classic car status. By 'true classic car' I am talking about cars like the 60's Ferrari California which appeals even to people like me, that is to say; people who don't really like Ferrari's at all. I don't think the GTV will ever be a car like that. Not even the Busso's and my main reason for that is because cars like the 60's California, Lambo Miura, Mustang, AC Cobra etc. were cars that defined motoring at those particular times. They were cars that had a large impact on the world of motoring.

Now of course I think the 916 is a beautiful platform, but they were never anything overly "special" in the world of motoring. Of course to us owners they are very special. But they didn't inspire a generation of kids who had posters of them on their wall (California, Miura), they didn't inspire a complete transformation of a car market (Mustang, AC Cobra), 916's are simply cars that are loved and adored by their owners but the rest of the world think we are mad for owning one because its an Alfa. And that is probably the biggest limiting factor......they are viewed as being "an Alfa' if you get what I mean. People just sit there and go "why on earth did you buy a car that is going to break down every 5 metres and cost you and arm and a leg to fix?".

So between the 916 platform not really doing much in term of inspiring the motor industry and Alfa having a certain stigma associated with them in the general public; the 916 will never be a true classic. Obviously I would love it if they did but I just don't see them ever getting there.
I think you're confusing 'Iconic' & 'Classic'.

If an Austin Allegro is considered a classic & also an MG Midget then the 916 definitely will also become one, if it isn't already?

I rest my case.

Clive
 

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Looking over the years at classic cars, mainly Ferrari, Maserati and of course Alfa I would say that Ferrari and Alfa's seem to have have got better.
Ferrari - All cases. I sold my (in rather good condition) 1983 Mondial QV for a mere £9k in 2010 after purchasing for near on £15k in 2005. They are still the cheapest Ferrari to be had but you will be hard pushed to find one (not for spares/repairs) today for less than £16k that is any good.
308 GT4's - When I bought my Mondial the 308 GT4 was mega cheap at about £8-£9k. Again you won't get one for less than £20k now.
400i - Another appreciating classic Ferrari. Can't give you figures but they have improved much like the GT4's.
308 and 328 are above 348's and certainly with F355's and quite often more than. Back in 2005 a 308 could be had for £22k, you won't find many near that price unless it is a real ropey one.

Maserati 3200 and 4200 don't seem to have changed much.

916's vary but in general they do seem to have improved a little since 2011 in my experience.

I think the Recession is the cause of the low values then. I bought my Spider September 2011. Things were better then than 2010 but they still seem to be advertised for more than I paid in general. Don't think it is a clear cut as with Ferrari though.
 

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I think you're confusing 'Iconic' & 'Classic'.

If an Austin Allegro is considered a classic & also an MG Midget then the 916 definitely will also become one, if it isn't already?

I rest my case.

Clive
Anything I've ever heard of the Allegro has been negative? That it is basically one of the biggest POS in history of cars so not sure how its a classic?

MG Midget from a performance point certainly isn't a classic but the styling would resonate with quite a few people out there so that is at least understandable.

Plus the Allegro was one of the biggest selling cars in the UK at the time; something the GTV was no where near. So people are more attached to vehicles like that as they may have had one in the childhood or passed down in their families etc.

But I am very much of the opinion that the 916 will never really be considered a classic. Prices will increase above the pittance that they are going for atm as some of the poorer examples are removed from the market but overall; I just can't see the 916 ever getting to any great heights.

Just my opinion of course and I am totally happy to be proven wrong.
 

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916s as classics possibly; its nowt to do with the recession that is preventing prices from elevating as in general terms ''classic prices'' are increasing, particularly 105s and the like.

It's probably more due to scarcity ie lack of supply; when more go to the breakers and the good ones are left and people realise how good they are then we might see some prices rise. But it will take a few years yet.

Personally if you are thinking of holding onto your 916 to see if it gains classic status I suggest you start buying second hand spares now eg spring pans etc as some things will become increasingly rare
 
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I still can't get over The first car I ever had Ford escort Mk1 is worth £5/7000:wow:
Had I have known that I would have pulled it behind me on a rope :cheese:
 
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