The vast majority of people still buy classic cars for enjoyment and the vast majority of classic cars are still relatively affordable.
I'm in two Jaguar clubs, have loads of friends with classic cars, and I don't know a single person that has bought purely for investment.
The fact that classic cars tend to hold onto their value does make ownership more attractive, but what's wrong with that ?
I'll be selling my E Type when it's finished simply because I can't afford to hold onto it as I have other cars that I need to plough money into.
I hope to make a profit, but in return, I've returned a neglected, undriveable car to good health and paid for a proper restoration using my own experience and the right people to ensure it's done correctly.
If it's bought by a speculator then good luck to them, at least the car exists and is in good order.
A friend has just paid strong money for a V12 E Type. He bought it because it's a life long ambition that he can finally realise. He partly justified it (and convinced his wife) because he feels the value will remain in the car. Again, what's wrong with that ?
I do wonder why "enthusiasts' that now bemoan the high price of certain classic cars, didn''t buy them when they were affordable.
I owned my first E Type when I was 25 and newly married. It was either that or furnish the house. It cost me £4500 and I sold it for £5000 a couple of years later.
Hopefully that still makes me more of an enthusiast than a speculator.
