The must-have modern classics to buy now before prices surge | Autocar (2024)

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News

by Murray Scullion

2 mins read

2 August 2024

The term 'modern classic' may well be an oxymoron. And to the uninitiated, even the best modern classic car could be mistaken for just another piece of street furniture.

But if the expression is good enough for Penguin Publishing, frankly it’s good enough for us. I for one can certainly see the parallels between a MercedesG-Wagen and The Great Gatsby, a Lamborghini Diablo and A Clockwork Orange and a Lada Niva and Animal Farm.

In years gone by, the word 'classic'conjured images of old boys in MGBs, en route to the Dog and Duck’s annual autojumble. Modern car mags and websites stuck well clear of the word.

At the same time, classic car publications were keen to not alienate their audiences with cars whose readers might think were better suited to a McDonald’s car park.

But today electric cars, clean air zones and speed cameras are battering enthusiasts at either end of the car venn diagram into the eventual intersection: the modern classic.

Dave Edmonton, founder of Pistonheads and a man Chris Harris described as the “biggest single influence on the car media areain the last 20 years” summed it up perfeclty: “Rarity, nostalgia and relative affordability all at once? What’s the catch?”

What are modern classic cars?

Like with the aforementioned book series, modern classic cars are game-changing in their own right, and the specifics about age are purposefully vague.

Ed Callow from online auction platform Collecting Cars told us: “I think at their core, modern classics are the ‘democratised’ part of the collector car market.It’s not easy to pinpoint specific start and end years for the modern classic era, but what we tend to mean is vehicles produced in the 1980s, 1990s, and very early 2000s – from the modern period of car design and construction."

For the purpose of this list, we've kept it to cars from after 2000.

1. Porsche Cayman

10

The must-have modern classics to buy now before prices surge | Autocar (24)

Pros

Supreme handling

Characterful engine

Superb value for money

Cons

Not practical

Servicing is pricey

Annoying shift buttons for autos

Price range: £7000 - £30,000

The Porsche Caymansits on many an enthusiast’s shopping lists –and for good reason. Here is a modern flat-six Porsche coupéthat has the engine in a sensible place, meaning you can take liberties that you just can’t in a Porsche 911 of the same vintage.

The precise six-speed manual gearbox brings all the delights of an analogue driving experience, especially as it's teamed with well-weighted pedals. And it's agile, keen to change direction and importantly, accesible to the average driver.

Sure, the PDK automatic added with the car's 2009faceliftmay grant you access to its engine's full potential,with lightning-fast shifts, but you also have to deal withhateful little shift buttons positioned on the face of the steering wheel.

Opt for an earlier auto Cayman and you also have to put up with the slow-moving Tiptronic S auto, an old-school five-speed torque-converter. It's best avoided.

The 3.4-litre 291bhp S (whose powerplant derived from that in thecontemporary 911 Carrera) kicked things off, but a more affordable2.7-litre unit with 242bhp wasintroduced soon after launch. From 2009, the 2.7was replaced by a new 2.9 with 261bhp, while the 3.4 was cranked up to 315bhp.

The 3.4 offers better value for money but suffers from bore scoring, which can be incredibly costly to put right. It's worth having a specialist perform a borescope to check for the ailment beforeor soon afteryou buy.

And that's only relative value for money. Cana Cayman ever bea low-cost Porsche? Pull the other one. There’s no such thing. This car has a two-year/20,000-mile service schedule, but experts recommend an annual check-up. New brake discs and pads will broadly cost around £2300.

It is effectively a coupéversion of the Porsche Boxster, and at launch the S was around £5000 more expensive than its rag-top brother. Prices previously reflected that, but now they’re getting closer to parity.

Read our Porsche Cayman review

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2. Mercedes CLS

9

The must-have modern classics to buy now before prices surge | Autocar (31)

Pros

Looks even better now than it did at launch

Powerful engines

Sweet automatic 'box

Cons

Luxury car with luxury problems

Expensive issues with petrol cars

Not cheap to run

Price range: £2500 - £10,000

A four-door coupéis about as much an oxymoron as the term 'modern classic'. Yet Mercedes created an instant icon with its E-Class-based CLS.

Its curvy body was unlike anything else on the roadat the time, yet it managed to retain Mercedes' hallmark quality and sensibility.

All versions came with rear-wheel drive and a seven-speed automatic gearbox, while air suspension was an option.

Standard equipment included part-leather trim, electrically powered front seats, climate control, adaptive cruise control and parking sensors.

Today, like many used luxobarges, CLSsare cheap. And like many other luxobarges, they have numerous problems to contend with.

The main issues are the balancer shafts on early petrols, the gearbox speed sensor on petrols and dieselsand the diesel engines’ inlet port shut-off motors. One dedicated owner told us hewould stick clear of early petrol cars entirely.

Read our Mercedes CLS review

3. Ford Fiesta ST

9

The must-have modern classics to buy now before prices surge | Autocar (32)

Pros

Excitable engine

Dynamically well sorted

Still a practical hatchback

Cons

Some will have been abused

A few engine issues

Whiff of Halfords about it

Price range: £4000 - £10,000

Performance models from the Blue Oval have delighted and titivated generations of Brits. And today the MK7 may well just be the best value fast Ford on the market.

There’s an air of honesty with the Mk7 Fiesta that other performance cars can’t quite offer. You can understand what your extra cash buys you compared with the humdrum hatch.

Chieflyit gets you an excitable turbocharged1.6-litre four with 179bhp or 197bhp.

Thechassis has amazing balance, the shift of the six-speed manual is without fault and the steering is almost telepathic. There really are very few cars as fun as this for as little as this.

The big thing to keep in mind is that many of these cars will have been modified. We will refrain from sounding like your mother here, but listen and feelfor shudders when changing gear. This might be because of worn synchro rings, caused by a swap from dual-mass flywheel to a single-mass one.

For the full-fat 197bhp engine, you will need to go for the ST200 special edition. These models are rarer and more expensive, and you should really ask yourself how bothered you are about an additional 18bhp.

Read our Ford Fiesta ST review

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4. Mazda MX-5

9

The must-have modern classics to buy now before prices surge | Autocar (33)

Pros

Great to drive

2.0-litre version gets a limited-slip differential

Reliable

Cons

A bit too grown up for an MX-5

A bit rusty

1.8-litre version isn't fast

Price range: £1500 - £10,000

Hold onto your hats, folks, and not just because we’re writing about a convertible. We're now recommending the third-generation (NC) Mazda MX-5.

Historically this era of Hiroshima’s drop-top has been a bit unloved. It didn’t quite capture the imagination like the first two generations. It seemed, if anything, slightly too refined.

Over the years, though, feelings and perceptions change, and the NC is fast becoming a sensible buy, due to it being better built than the first twogenerations (NA and NB).

There are two engine choices to get you going. A 125bhp 1.8-litre or a 158bhp 2.0-litre that also usefully comes with a limited-slip differential and a choice of five- or six-speed manuals, depending on trim. The latter is a bit more money, but we think it offers better value, all things considered.

Opt for a 2009-on facelifted car and the steering is precise and communicative, the chassis fluid, the ride comfortable andthe engine bulletproof. There’s not a lot to look out for.

The first two MX-5s famously suffer greatly from rust,and while the third isn’t as bad in this regard, you should still check under the bonnet, around the boot and on the chassis.

Read our Mazda MX-5 review

5. Jaguar XK

9

The must-have modern classics to buy now before prices surge | Autocar (34)

Pros

Sledgehammer V8

Excellent ride quality

Practical for a coupé

Cons

Sealed-for-life gearbox isn't sealed for life

Active suspension tricky to fix

Facelifted car a touch awkward-looking

Price guide: £5000 - £30,000

A British V8-engined coupéwith an aluminium monocoque –and wood,and leather.

The Ian Callum-penned XK came after the XK8, a firm favourite among the modern classic community. And now the XK is beginning to wow this fraternity too.

Pre-facelift models used the same 300bhp 4.2-litre V8 as the XK8, whereas post-faceliftcars upped the ante with a 380bhp 5.0-litre V8.

Supercharged R models exist (420bhp or503bhp) of both too. Then there’s the XKR-S,which turns the state of tune up to 542bhp.

The post-facelift car is worth it, as the new engine is both smoother and keener to rev.

Best of all, the XK is pretty impressive as an everyday car. The rear seats obviously aren’t stellar, but up front even tall (6ft 5in and above) people can certainly get comfy, and it’s reasonably economical.

The ZF eight-speedautomatic gearbox is 'sealed for life',but it’s recommended that it gets serviced at 80,000 miles.

Facelift models received Jaguar’s Computer Active Technology System (CATS), with Comfort and Sport settings. It works brilliantly, but it’s worth remembering that it's ultimately something else that can go wrong.

Read our Jaguar XK review

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6. Lotus Elise

8

The must-have modern classics to buy now before prices surge | Autocar (35)

Pros

One of the best sports cars ever

Toyota engines are reliable

Simple interior

Cons

Early cars still have Rover K-series engines

Regular maintenance

Tricky in the wet

Price guide: £10,000 - £50,000

Yes, the Elise Series 2. These are getting on for the same money as Series 1snow, and while to some eyes they don’t look quite as cool, as retro oras sweet as the earlier models, they do have one huge improvement: the engine.

This writer has only ever driven a S1once, and the Rover K-series lump decided that it was simply too hot and bothered to maintain the arduous task of housing coolant.

Yes, a lot of you reading this may have a perfect K-series engine that has been to the moon and back without needing a head gasket replacement, but a lot of people haven't had that experience.

Lotus saw fit to replace the K-series with Toyota’s 1.8-litre ZZ-GE engine in 2004,but it’s important to remember that the 111S K-series was still around until 2006, when the Elise switched totally to Toyota power.

Read our Lotus Elise review

7. Porsche 911

8

The must-have modern classics to buy now before prices surge | Autocar (36)

Pros

Lots of variety

Sweet handling

Everyday usability

Cons

A few expensive faults to look out for

Finding one with full history can be tricky

Not air-cooled

Price guide: £10,000 - £70,000

Thisis a hugely significant car, especially in the realms of classic-versus-modern debates. It's the first of the water-cooled 911s, so what some classic car people might refer to as a betrayal.

Fortunately for us, this has somewhat kept prices of these 996-generation cars down, and they're among the best value on the market.

At launch, this 911 came in coupé form only, powered by a 3.4-litre flat six producing 292bhp and with a choice of six-speed manual or five-speed Tiptronic automatic gearboxes. It was followed by high-performance models with 'Mezger' engines.

First was the 355bhp GT3 , then came the 408bhp Turbo, andtopping them off was the 456bhp GT2.

A 2002 facelift retired the 3.4 for a 312bhp 3.6 with Porsche’s Variocam 2 variable valve timing. The ‘fried egg’ headlights were also dropped in favour of the ‘teardrop’ style.

Big-boy cars have big-boy problems though. You may have read stories about rear main seal (RMS) issues, cracked cylinder heads, intermediate shaft (IMS) failures and split cylinder liners. These are all relatively rare and there are provisos, but they still exist, and you should still approach with extreme caution.

It should be noted that the Turbo got the uprated 'Mezger' engine that powered Porsche's GT1 racers to successso doesn't suffer from the same failure points. It's still worth a thorough inspection, however.

Read our Porsche 911 review

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8. Alpine A110

8

The must-have modern classics to buy now before prices surge | Autocar (37)

Pros

Accessible handling thrills

Huge character

Scintillating real-world pace

Cons

Steering not quite as brilliant as the chassis

Naff interior

Lack of dealer network

Price guide: £35,000 - £60,000

A surprise one here, mostly because you can still buy an A110 new. But this has a bona fide classic car written all over it –not only because of its poise, but also because of its past.

The original A110 was made between 1963 and 1977. It won the the inaugural World Rally Championship in 1973, inspiring youngsters in their thousands.

Youngsters who would grow upand perhaps have a bit of spare cash floating around in the 2010s when Renault relaunched the Alpine brand and the A110 nameplate.

Chatter of a mid-engined Renault was realised fully in 2018. Initial reviews said it was fantastic. Then follow-up road tests said it was even better. We certainly gave it five stars.

Today used A110s are still strong money, because they depreciate slowly.

Lots of options and special editions have come throughout the years.

Owners are yet to report too many faults yet, not unusual considering the age of the cars. But you should bear in mind the UK dealership network isn't massive and the infotainment system is naff.

Read our Alpine A110 review

9. TVR Tuscan

7

The must-have modern classics to buy now before prices surge | Autocar (38)

Pros

A joy to drive

Delightful straight six

Practical enough for a two-seater

Cons

Lots of maintenance

Lots can go wrong

Over-enthusiastic previous owners

Price guide: £15,000 - £60,000

Not the most reliable car on this list. Not the most reliable car on most lists. But perhaps the most fun one, with the most wow factor.

TVR touted the hard-topped two-seat Tuscan with a surprisingly large boot as its most usable creation to date – and it was, when it worked.

The straight-six engine (stylised Speed Six) was designed by Al Melling (a man who ran a women’s fashion label and helped design Formula 1 engines) and built by TVR.

There was a 3.6-litre producing 350bhp and a torquier 4.0-litre with 360bhp. There was also a so-called Red Rose 4.0 with 380bhp, but the most sought-after engineis the 390bhp 4.0 S.

You will struggle to find a Tuscan in original condition. Most have been upgraded and are probably running either a rebuilt or refurbished engine and transmission, along with uprated brakes, suspension and ancillaries.

How the carhas been maintained and who has done what are the most important parts of the service history.

Shutlines on the glassfibre body should be good and consistent. If they’re not, it might have been involved in a smash.

Read our TVR Tuscan review

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10. Range Rover

7

The must-have modern classics to buy now before prices surge | Autocar (39)

Pros

Among the bargains of the century

A luxury SUV

A workhorse

Cons

Stomach-churning fuel bills

You will need to choose the best you can afford

Turbos prone to failure

Price guide: £2000 -£10,000

A lot of people describe the current Range Rover as classless –which is obviously utter toss, as it starts at £100k.

This L322 model, though: it truly is cheap enough to be classless, as it’s equally at home in the city or suburban new build siteas it is a family runaround ora farm truck.

Back in 2001, things were different. This extremely posh high-rider was expensiveand as such had high-powered BMW engines. First there was a 281bhp 4.4-litre V petrol and a 174bhp 3.0-litre diesel.

In 2009 came the addition of a supercharged 5.0-litre petrol V8. This had a0-60mph time of 6.0sec, which was faintly ridiculous at the time (butseems quaint by today's standards).

If you’re bothered by things like MPG, frankly youshould look elsewhere.

Today the alluring aspects of the L322are just as strong as ever. The Mercedes S-Class-like ride, the fantastic visibility and the off-road ability are all still there, while the lure of aluxuriously tactile interior has perhaps heightened over the years as manufacturers cut back on buttons.

There is a 'but' here. Well, several 'buts'. Diesel models suffer from turbo failures, and as soon as they do, they basically become uneconomical to repair. Look out for overheating in BMW engines. The gearboxes can be troublesome. Look out for slow changes and for past owners who have taken the ‘sealed for life’ sign too literally.

Read our Range Rover review

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Murray Scullion

Title: Digital editor

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Murray has been a journalist for more than a decade. During that time he’s written for magazines, newspapers and websites, but he now finds himself as Autocar’s digital editor.

He leads the output of the website and contributes to all other digital aspects, including the social media channels, podcasts and videos. During his time he has reviewed cars ranging from £50 - £500,000, including Austin Allegros and Ferrari 812 Superfasts. He has also interviewed F1 megastars, knows his PCPs from his HPs and has written, researched and experimented with behavioural surplus and driverless technology.

Murray graduated from the University of Derby with a BA in Journalism in 2014 and has previously written for Classic Car Weekly, Modern Classics Magazine, buyacar.co.uk, parkers.co.uk and CAR Magazine, as well as carmagazine.co.uk.

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Scribbler 2 August 2024

Out of the list, only the CLS, Fiesta, and Range Rover seem to be candidates.The other cars on the list are either too niche or too expensive to fix/run or both. Porsches seem over-rated (I have owned 2). My current car is a 10-reg E63 saloon and it trumps everything on the list.

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Boris9119 2 August 2024

Personally only the Alpine and the Cayman are certs, maybe the Fiesta ST if itslucky, 'Fast Ford's' usually become sought after at some point?

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FAQs

Are future classic cars a good investment? ›

Classic cars, in general, gain in value more than other types of collectibles, although cars are more high-maintenance and more complicated to store than stamps or comic books. The right classic cars can be valued into the several millions of dollars.

What car is going to be the next classic? ›

The next generation of high-performance Mercedes-AMG models will be heavily electrified, meaning this gas-guzzling C63 is now a sure-fire future classic. Powered by a naturally aspirated 451bhp 6.2-litre V8 engine, this fast four-door (there are also estate and coupé versions) is an unashamed old-school hot rod.

What is a modern day classic car? ›

It's not easy to pinpoint specific start and end years for the modern classic era, but what we tend to mean is vehicles produced in the 1980s, 1990s, and very early 2000s – from the modern period of car design and construction."

What cars are most likely to appreciate in value? ›

American models from the 1950s (beautiful rides like Cadillac Eldorados, Lincoln Continentals or Ford Thunderbirds) and reliable British and German classics (Jaguar, Aston Martin, Mercedes, BMW) are also good bets to appreciate over time. But it's not only about vintage.

What cars will become collectible? ›

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Dec 11, 2023

What is the best classic car investment? ›

EXPOSED – Top 10 Classic Car Investments in 2024
  • Chevrolet Corvette C3 (1968-1982): ...
  • Mercedes-Benz SL (R107, 1971-1989): ...
  • Alfa Romeo Spider (Duetto, 1966-1993): ...
  • Jaguar XK8 (1996-2006): ...
  • Datsun 280ZX (1978-1983): ...
  • Ford Capri (1969-1986): ...
  • Triumph TR6 (1968-1976): ...
  • Conclusion:

Are classic cars going up in value? ›

Cars, unlike fine wine, don't usually get better with age. Depreciation hits them from day one, and before you know it, your once shiny car's value has faded like that new car smell. But then there's the world of classic cars—those old beauties that defy economics and just keep climbing in value.

What age of car is a modern classic? ›

What are the Different Categories of Classic Cars?
DescriptionQualifying Criteria
Post-vintageBuilt between 1st January 1931 and 31st December 1945
Classic (including modern classic)Varies, but ranges between 10 and 40 years old, or something that desirable but isn't made any more
3 more rows
Mar 1, 2024

Can I drive a classic car daily? ›

Before daily driving a classic car, you'll need to make sure the car is roadworthy with regular inspections and preventative maintenance. Certain steps might help lower your risks on the road, but a classic car may still carry significant safety concerns because of its age.

What is the #1 most depreciating car? ›

Cars with the highest depreciation rate in 2023. Electric vehicles are the worst at holding their value, the analysis says, losing 49.1% in five years. Luxury SUVs and sedans, including the Maserati Quattroporte, BMW 7 series and Maserati Ghibli, are among the vehicles with higher rates of depreciation.

What is the most loved car of all time? ›

The Toyota Corolla is the world's bestselling car with Toyota building over 50 million of them since 1966. This amazing achievement is just a testament to the effort Toyota put in this model. They have produced countless versions, generations, and models for many different markets.

Which car has best market value? ›

Top 10 Resale Value Cars In India
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  • Hyundai Creta. With its stylish design and modern features, it is no wonder why so many people are choosing the Hyundai Creta over other cars.
Apr 15, 2024

Will classic cars keep going up in value? ›

Cars, unlike fine wine, don't usually get better with age. Depreciation hits them from day one, and before you know it, your once shiny car's value has faded like that new car smell. But then there's the world of classic cars—those old beauties that defy economics and just keep climbing in value.

Are MGF going up in value? ›

After an eternity of being unfeasibly cheap, the MGF and the coil-sprung TF that replaced it have made a sudden jump. Enough to put them near the top of our Price Guide Movers On The Up this month. A 12% gain places it at number 5, above all sorts of fast Fords, Porsches, Jaguars and more.

Can you make money investing in classic cars? ›

Savvy investors with an affinity for rare, valuable objects have made classic cars a valuable part of their portfolios. While collectors can earn big returns on such vehicles, many of them are car aficionados who find their greatest rewards come from the experience of owning and maintaining the vehicle.

Are Millennials buying classic cars? ›

Hagerty's data refutes the belief that younger people are less interested in owning classic or collector vehicles than previous generations. For example, 53% of Gen Z, 57% of millennial and 49% of Gen X respondents were “very interested” in owning a classic car.

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