in my experience the same people who buy classic cars and expect them to go up in value buy a new car every three years and don't mind losing a fortune in depreciation on them. just buy something you like and enjoy it. 👍
Derek Sure knows his Stuff . After 52yrs working in the motor trade as a fully skilled time served mechanic . Now listening to him over the past 4/5 yrs I feel like an 66yr old apprentice!!.
I bought an Alfasud Ti 5 years ago. The story went, it had one owner in the Kalahari Desert. A bit unlikely. But it did, for 32 years. It’s arguably the most original RHD Sud in the world. One piece of welding to the battery tray. Apparently, South African cars were built and painted a lot better, but the bush mechanics took a long while to sort out
Same here in Cyprus ! I have a red 1949 MG TC 'Supercharged' and it's just so nice to look at in my garage, and I will get out driving in it now that the weather is cooling off at last. People annoyingly always ask me how much it is worth. And I just reply it's worth looking at and driving ! From a happy UK tax exile !
@@KevinMorrison-xj2bt Nicest of the postwar T cars.. Narrow track, big wheels, swoopy guards (wings?), low seating position, the most pleasing on the eye in my opinion.
Buying a classic car and then enjoying it is a hobby. And like most hobbies that costs money. However, unlike with most other hobbies, at the end there is still value, and although it's less than what you started with, you've had thousands of pounds worth of fun!
@@DTMathewsons Exactly - my classic cars have always cost me money but I wouldn't want to miss driving them and working on them! At this moment I'm repairing the mechanism of the drivers window (it has a lever rather than wind-up) of my Lagonda. So I'm in my comfortable and well-heated workshop/mancave and couldn't be happier. Thanks for reacting and also a big thanks for your UA-cam videos and TV programs; I enjoy them immensely!
I think that's right. With free road tax, cheap insurance and adding only low miles it's generally a cheap hobby. I hope yo spend about £7-10k on mine over the next 5 years or so. More than i paid for the car. But if I keep it a decade, its reallynot thst much.
Anyone remember when sound aircooled 911's could be bagged for 12k. I've always bought what i can afford and what i like, I've never bought for investment nor to impress anyone else. I do however, wish I'd bought a few mint Manta A Series whenthey were 3k a pop. It seems the world has finally woken up to just how gorgeous those things are.
Good advice as usual Derek definitely looking forward to the next video 📹. As thats what I am very interested in it's no good buying one if you don't know how to look after it properly take mate and stay lucky and healthy 👍 😊❤
Thanks Derek , if only you were Prime Minister😊 you talk a lot of sense. Love l you and all the family! And extended family You and all your programs, from T V to UA-cam channel! Brilliant, please keep it going. Always welcome in my Home. Rob Dunnett
Thinking about buying a DB7 myself, ( they have to increase in value ) got loads of SL’s, then I’m thinking early L332 RR 4.4 petrol series 1, 2, or 3 land rovers, defenders, Jaguar xjs, a morgan and a rolls Royce sucker shadow mk1 in burgundy red, that’s my list, and sure plus more, why not?
Buy one car lovely car, the very best you can afford and ensure you have a decent dry garage to keep it in. Proper brick built garages and garage extensions are expensive, so choose a car that fits.
@@Htdobb458e I'm 39 I'd pick pre war, 50s - 70s cars all day long. If I could buy Morris Minor tomorrow I would, the ones I have seen so far on Mathewson's have made me smile 😊
@@Htdobb458e Yes that’s what I was trying to say in my comment , the young generation do not share the passion , they will probably be collecting the first mobile phones or computer gaming consoles instead of cars .
I love my Tesla !! This is what pisses me off about the Tesla haters: If had stood on my driveway, with my friends, and said; My new car has 500HP, O-60 in 3.6s but does 110mpg and is silent. It doesn’t need services and has more interior space than the X5 it replaced …. They would all be agast. Impressed beyond belief… But when I say it’s a Tesla, they all sneer and get very grumpy! Petulant child-like. “Elon should shut his bloody mouth” “That thing will catch fire” “Doesn’t he support Trump?” “Car parks can’t stand the weight” “It depreciates fast” “Takes hours to charge” “You’ll need new batteries in two years and they cost £30K” “You can’t cross Europe in it” *Utter imbeciles…*
@maxflight777 finished ? .... Keep loving your tesla but it doesn't make someone an imbecile because they don't like them. The ev makers are cashing in until hydrogen power is perfected. Anyway, my point was that they're soulless creations that no one will hanker after in the fullness of time.
I worry about the future of classic cars as young kids don’t have the interest in cars anymore . When I was 15 in 1970 I wanted a Scalextric or train set like most of my friends we would have posters of Ferrari or Porsche in our rooms , not anymore youngsters now aren’t interested, you don’t see many children at classic shows unless dragged there by dad .
Series Land rovers were peanut's for a very Long time I've owned a 59 swb 34 year's Paid £200 fir it Il never sell it And I didn't buy because of what it might be worth They do now make good money But buy something because you want it
It's worth noting that while gold has had an exceptional year, Bitcoin's historical performance over longer periods remains significantly higher. For instance, a $1 investment in Bitcoin 14 years ago would be worth over $67 million today, compared to $1.92 for gold.😅
Buy the best example you can find of the car you really want for the lowest price you can get it for - don't buy because it is rare/ a bargain/ cheap/ currently in fashion etc. And from personal experience..... NEVER buy a car unless you have properly looked it over and checked it out, don't assume it will be OK even if from a reputable dealer. Also insist on an MOT even if the car does not officially need one to check for it's REAL roadworthy status. The online forums are full of shocked people like I was who have discovered what they REALLY bought.
Prewar cars suffer from poor brakes and gearboxes. An auto gearbox, or 5 speed manual and hydraulic brakes should boost their appeal and then maybe their value. Hot Rods counter the pre-war lack of buyer argument.
Cars are not a wise investment for everyone, but they are an investment if you know what to look for and you like cars. I think the reason so many 'old' cars have gone through the roof is precisely because it is a tax free investment. There is no CGT on a car. It isn't the same investment as stocks and shares. You do have to know what you are buying, and it is better to buy something you will enjoy. But there are so many cars which are obvious investments. e.g at the moment I have a BMW E39 stashed away. 2 owners from new. My personal belief is almost any decent combustion engine car will start to command a premium as we near 2030. EV's are a waste of space. I am 61 and my net spend on cars since 1981 is about zero. This is because my first car was a Triumph Vitesse, my next an MG Midget etc then another and so on... and then 5 UR Audi quattro's. Most of my cars I have sold at a good profit despite using them. I have had over 40 years of motoring for almost nothing except running costs. The biggest profit was on a 1980 LHD UR audi quattro which I sold for 10 times what I paid for it after owning it from 1995 to 2016.
He has experience of cars so worth listening to his thoughts on the market. BUT he is not a regulated Investment Adviser - gold is a volatile investment and buying now that the price is up is a mug’s game. The price changes all day and is influenced by world events etc.
That's a good summary. I'd go further: buy bitcoin over gold. Gold's going to be ok, but its race is run. Like buying a typewriter, you just wouldn't. And buying a classic car, buy only something in very small numbers or unique. The mass market classics are finished. People simply won't have the money ever again, life's going to get brutal. The wealthy want uniqueness.
there's one enormous difference. Au has no third party risk. Your assertion that 'it's race is run' fly directly in the face of multiple sovereign wealth funds (Central Banks) buying hand over fist.
@CosmicSeeker69 if you own the private keys to your Bitcoin, then there's no risk either. The word you're groping for is counterparty, not third party. How do you know what PMs CBs hold? There's blockchain to confirm anything. Do CBs hold silver too? You've no idea. Now, do CBs hold Bitcoin? well we do know, exactly, and the same with governments. Before Bitcoin, gold was a good store of value, over the long run. Now, there's a better, faster, and more secure horse.
Investing in classic cars is why no one in their right mind is buying them. Too expensive for old rot boxes. Best investment is not to buy any of them.
How can he do that? He runs an auction, put it under the hammer if you think he's robbing you. He's no saint, but the sale price defines the value, not some numbers in your head.
@@01menyou the op is suggesting the vendor gets cashed out by Derek on cars he wants . Now let’s face it if we owned a auction and someone comes in wanting shut and we liked it then this is business innit . You don’t have to take a cash offer off of Derek do yer
@chiefrocka8604 you don't have to, but the value of something is only discovered by the price achieved when sold. Value precedes price In any market. Classic cars are emotional purchases for the most part. They whole experience encourages magical thinking followed by very upset forced sellers.
@@01menyou you’re telling the chef how to cook , look I don’t think you understand Derek sometimes buys cars that never make it to auction , now I could waffle on like you did to me but I’m not like that so I’ll just say people like you don’t know it all as having to explain this proves
Definitely not essential. I will give you this real scenario - Would you buy a poor condition classic needing restoration but with lots of history over a classic in excellent condition but the history has been lost (which happens). I know which one I would have!
As Gulbenkian once said, ‘the best way to double your money is to fold it in half and put it back in your pocket’……
That's great advice, I like that.
Thank you.
in my experience the same people who buy classic cars and expect them to go up in value buy a new car every three years and don't mind losing a fortune in depreciation on them. just buy something you like and enjoy it. 👍
Derek Sure knows his Stuff . After 52yrs working in the motor trade as a fully skilled time served mechanic . Now listening to him over the past 4/5 yrs I feel like an 66yr old apprentice!!.
The sensible voice of experience.
🤝
lifetime of knowledge , I love listening to the legend Derek , keep them coming 👍🛻🚛
thank you 👍
I’ll never sell my classic … I simply value it in terms of smiles per miles 😎
I bought an Alfasud Ti 5 years ago. The story went, it had one owner in the Kalahari Desert. A bit unlikely. But it did, for 32 years. It’s arguably the most original RHD Sud in the world. One piece of welding to the battery tray. Apparently, South African cars were built and painted a lot better, but the bush mechanics took a long while to sort out
Gorgeous cars.
I agree Derek. I have a 48 MG TC, and hardly ever drive it, but I like looking at it, in my garage. A piece of mobile sculpture.
Same here in Cyprus ! I have a red 1949 MG TC 'Supercharged' and it's just so nice to look at in my garage, and I will get out driving in it now that the weather is cooling off at last. People annoyingly always ask me how much it is worth. And I just reply it's worth looking at and driving ! From a happy UK tax exile !
@@KevinMorrison-xj2bt Nicest of the postwar T cars.. Narrow track, big wheels, swoopy guards (wings?), low seating position, the most pleasing on the eye in my opinion.
@@graemeburr6463 Thanks ! And now with around 100BHP she keeps up well with the boring modern plastic computerised hair driers on the roads !😄
Thank you for a very generous and genuine video from a top man
appreciate that cheers John
Buying a classic car and then enjoying it is a hobby. And like most hobbies that costs money. However, unlike with most other hobbies, at the end there is still value, and although it's less than what you started with, you've had thousands of pounds worth of fun!
the fun certainly makes it all worth it!
@@DTMathewsons Exactly - my classic cars have always cost me money but I wouldn't want to miss driving them and working on them! At this moment I'm repairing the mechanism of the drivers window (it has a lever rather than wind-up) of my Lagonda. So I'm in my comfortable and well-heated workshop/mancave and couldn't be happier. Thanks for reacting and also a big thanks for your UA-cam videos and TV programs; I enjoy them immensely!
I think that's right. With free road tax, cheap insurance and adding only low miles it's generally a cheap hobby. I hope yo spend about £7-10k on mine over the next 5 years or so. More than i paid for the car. But if I keep it a decade, its reallynot thst much.
Derek comes over so well here and on TV .The family business must be great to work for, to do business with etc and a great asset to the community
Top man Derek, the voice of experience.
Anyone remember when sound aircooled 911's could be bagged for 12k.
I've always bought what i can afford and what i like, I've never bought for investment nor to impress anyone else.
I do however, wish I'd bought a few mint Manta A Series whenthey were 3k a pop. It seems the world has finally woken up to just how gorgeous those things are.
Can't wait for the next episode, with winter being just around the corner!
Thank you Derek 😊
The voice of reason has spoken 😁
Just invest in gold,
Having spent 20 years in the motor trade there's only one winner, and it's not the car owner 🤔
Buy what you like, if you can afford it! With great history is where I am at!
Good advice as usual Derek definitely looking forward to the next video 📹. As thats what I am very interested in it's no good buying one if you don't know how to look after it properly take mate and stay lucky and healthy 👍 😊❤
Thanks Derek , if only you were Prime Minister😊 you talk a lot of sense. Love l you and all the family! And extended family
You and all your programs, from T V to UA-cam channel! Brilliant, please keep it going. Always welcome in my Home.
Rob Dunnett
He sells cars and pays the minimum wage, he must be good for Prime Minister? Strange logic but I guess you’re happy?
We some times join sunbeam tiger chrome trims where I work that are cut from slightly longer trims.
Still paying a lot of money for pre war cars like Alvis Speed 20's.
There's quite a few youngsters getting into the VSSC
Thinking about buying a DB7 myself, ( they have to increase in value ) got loads of SL’s, then I’m thinking early L332 RR 4.4 petrol series 1, 2, or 3 land rovers, defenders, Jaguar xjs, a morgan and a rolls Royce sucker shadow mk1 in burgundy red, that’s my list, and sure plus more, why not?
Buy one car lovely car, the very best you can afford and ensure you have a decent dry garage to keep it in. Proper brick built garages and garage extensions are expensive, so choose a car that fits.
I'm surprised what he said about history. I've always thought that was the first thing you look for...
history can be important, but it's the condition of the car now that is paramount
It is a real shame with pre war cars, I love the style and elegance.
us too
With the aging of the enthusiasts the classics must fall in value. I can't see anyone getting the hots for a tesla.
@@Htdobb458e I'm 39 I'd pick pre war, 50s - 70s cars all day long. If I could buy Morris Minor tomorrow I would, the ones I have seen so far on Mathewson's have made me smile 😊
Good point!
@@Htdobb458e Yes that’s what I was trying to say in my comment , the young generation do not share the passion , they will probably be collecting the first mobile phones or computer gaming consoles instead of cars .
I love my Tesla !!
This is what pisses me off about the Tesla haters: If had stood on my driveway, with my friends, and said; My new car has 500HP, O-60 in 3.6s but does 110mpg and is silent. It doesn’t need services and has more interior space than the X5 it replaced …. They would all be agast. Impressed beyond belief… But when I say it’s a Tesla, they all sneer and get very grumpy! Petulant child-like. “Elon should shut his bloody mouth” “That thing will catch fire” “Doesn’t he support Trump?” “Car parks can’t stand the weight” “It depreciates fast” “Takes hours to charge” “You’ll need new batteries in two years and they cost £30K” “You can’t cross Europe in it”
*Utter imbeciles…*
@maxflight777 finished ? .... Keep loving your tesla but it doesn't make someone an imbecile because they don't like them. The ev makers are cashing in until hydrogen power is perfected. Anyway, my point was that they're soulless creations that no one will hanker after in the fullness of time.
The best way to make a small fortune from motor cars is to start with a large one !
I worry about the future of classic cars as young kids don’t have the interest in cars anymore . When I was 15 in 1970 I wanted a Scalextric or train set like most of my friends we would have posters of Ferrari or Porsche in our rooms , not anymore youngsters now aren’t interested, you don’t see many children at classic shows unless dragged there by dad .
Series Land rovers were peanut's for a very Long time
I've owned a 59 swb 34 year's
Paid £200 fir it
Il never sell it
And I didn't buy because of what it might be worth
They do now make good money
But buy something because you want it
The modern day Derrick Trotter. He is even wearing the same hat
It's worth noting that while gold has had an exceptional year, Bitcoin's historical performance over longer periods remains significantly higher. For instance, a $1 investment in Bitcoin 14 years ago would be worth over $67 million today, compared to $1.92 for gold.😅
🎯🎯🎯🎯. And it’s still early days for Bitcoin
UK CGT SET TO DOUBLE , NO CGT ON COINS
Vintage Dinky Toys ; they don't need servicing or maintaining!
Prices have dropped right back for vintage dinky .
Original corgi gift sets still making good money.
@@vivianrenault5377 Perhaps that's partly because so many convincing re-issue replicas of Dinky and Corgi are available now.
Buy the best example you can find of the car you really want for the lowest price you can get it for - don't buy because it is rare/ a bargain/ cheap/ currently in fashion etc.
And from personal experience..... NEVER buy a car unless you have properly looked it over and checked it out, don't assume it will be OK even if from a reputable dealer. Also insist on an MOT even if the car does not officially need one to check for it's REAL roadworthy status. The online forums are full of shocked people like I was who have discovered what they REALLY bought.
Prewar cars suffer from poor brakes and gearboxes. An auto gearbox, or 5 speed manual and hydraulic brakes should boost their appeal and then maybe their value. Hot Rods counter the pre-war lack of buyer argument.
Cars are not a wise investment for everyone, but they are an investment if you know what to look for and you like cars. I think the reason so many 'old' cars have gone through the roof is precisely because it is a tax free investment. There is no CGT on a car. It isn't the same investment as stocks and shares. You do have to know what you are buying, and it is better to buy something you will enjoy. But there are so many cars which are obvious investments. e.g at the moment I have a BMW E39 stashed away. 2 owners from new. My personal belief is almost any decent combustion engine car will start to command a premium as we near 2030. EV's are a waste of space. I am 61 and my net spend on cars since 1981 is about zero. This is because my first car was a Triumph Vitesse, my next an MG Midget etc then another and so on... and then 5 UR Audi quattro's. Most of my cars I have sold at a good profit despite using them. I have had over 40 years of motoring for almost nothing except running costs. The biggest profit was on a 1980 LHD UR audi quattro which I sold for 10 times what I paid for it after owning it from 1995 to 2016.
To make a small fortune out of classic cars start with a large fortune
I’d love a land crab
A classic car is a hobby which needs using and enjoying.
Cannot understand why people buy and mothball a car.
I love pre war & Edwardian cars.
Mike Brewer in 2014 on the radio said best investment going forward is any fast ford.
How right he was.
Lovely man, looking a bit pale mate hope you are ok x
Blimey, bet he was thrilled to read that - I would have been.
he's all good Simon, recovering from his knee surgery well. Appreciate the concern 👍
@@DTMathewsonsthe sun not shining in god’s country 😁
@@colinwhite5355 🤫
Wheres part 1
here you go ua-cam.com/video/x3Hae9yQpC8/v-deo.html 😃
@DTMathewsons thanks for the reply appreciate it
Premium bonds !
He has experience of cars so worth listening to his thoughts on the market. BUT he is not a regulated Investment Adviser - gold is a volatile investment and buying now that the price is up is a mug’s game. The price changes all day and is influenced by world events etc.
Go do your research since 2003 it as out performed the S&P and sticks . And is the largest market cap in the world at 18 trillion
Who programmed your mind with that nugget?
@@CosmicSeeker69 just the experience of buying and selling millions of dollars worth of gold.
That's a good summary.
I'd go further: buy bitcoin over gold. Gold's going to be ok, but its race is run. Like buying a typewriter, you just wouldn't.
And buying a classic car, buy only something in very small numbers or unique. The mass market classics are finished. People simply won't have the money ever again, life's going to get brutal.
The wealthy want uniqueness.
there's one enormous difference. Au has no third party risk. Your assertion that 'it's race is run' fly directly in the face of multiple sovereign wealth funds (Central Banks) buying hand over fist.
@CosmicSeeker69 if you own the private keys to your Bitcoin, then there's no risk either. The word you're groping for is counterparty, not third party.
How do you know what PMs CBs hold? There's blockchain to confirm anything.
Do CBs hold silver too? You've no idea.
Now, do CBs hold Bitcoin? well we do know, exactly, and the same with governments.
Before Bitcoin, gold was a good store of value, over the long run. Now, there's a better, faster, and more secure horse.
Bitcoin=ponzi scheme
Investing in classic cars is why no one in their right mind is buying them.
Too expensive for old rot boxes.
Best investment is not to buy any of them.
With chaps like this, they want to make more and more money but spend less, the joy is just making money, they then die and leave millions.
BTC is way better than Gold … has outperformed it for nine of the last ten years
CGT TO 39%
Why have the BRICS nations and others such as Poland been buying tons of gold these past few years and not Bitcoin.
All bitcoin owners are desperate to talk up the price to recover the losses they are carrying by selling it.
Bitcoin is ponzi.
Buy bitcoin not gold 😊
...a fool and his money. 😂
@Hemswell you could be right, I mean my bitcoin has only gone up 100% in a year , terrible return
Don't buy a car as an investment.
Or just do what derek does and wait for gullible customers to come along and give them half what the vehicle is worth.
How can he do that?
He runs an auction, put it under the hammer if you think he's robbing you.
He's no saint, but the sale price defines the value, not some numbers in your head.
@@01menyou the op is suggesting the vendor gets cashed out by Derek on cars he wants .
Now let’s face it if we owned a auction and someone comes in wanting shut and we liked it then this is business innit .
You don’t have to take a cash offer off of Derek do yer
@chiefrocka8604 you don't have to, but the value of something is only discovered by the price achieved when sold.
Value precedes price In any market.
Classic cars are emotional purchases for the most part.
They whole experience encourages magical thinking followed by very upset forced sellers.
@@01menyou you’re telling the chef how to cook , look I don’t think you understand Derek sometimes buys cars that never make it to auction , now I could waffle on like you did to me but I’m not like that so I’ll just say people like you don’t know it all as having to explain this proves
@chiefrocka8604 why not waffle on, show us you know what you're talking about?
Maybe you've no idea?
Speak for yourself about the history, essential as far as I'm concerned.
and that's absolutely fine too 😃
Definitely not essential. I will give you this real scenario - Would you buy a poor condition classic needing restoration but with lots of history over a classic in excellent condition but the history has been lost (which happens). I know which one I would have!
@@usuallyfixingtinkering Well good for you.