If you’ve always longed to buy an Aston Martin, now is a great time to find your dream car. We can help you from our Hampshire showroom.
We have seen extreme prices for these classic hand-built cars in the past. But recent pricing trends have shown that some are becoming more affordable. Of course, some models with much sought-after characteristics are bucking the trend. But this is a great time to buy if you’re after a V12 Vanquish or a V8 Coupe of the mid to late 1990s. Because look in the right place, and you might find one of these understated future classics available at keen pricing.
The recent Bonhams auction at the Goodwood Festival of Speed 2023 is a perfect snapshot of the current market.
The Festival of Speed Auctions:
The Festival of Speed auctions are well-known and part of a global event. Over 25 cars were up for grabs this year, some exciting ones too. But maybe the weather interfered with the auctions as much as it did the 4-day event, as prices and results were disappointing unless you were a buyer!
Many classic V8s seem to be taking a hit now as a Series 3 V8 requiring recommissioning went for around £36,000 when usually these go for around £50,000. A manual, not automatic, V8 Volante only made £132,000, which is relatively low for such a rare car.
However, on the flip side, a 7-litre V8 Vantage X Pack in LHD requiring recommissioning went for £310,000. Odd, when you consider this is not too far away from retail prices for RHD cars.
The classic DB4s and DB5s are also priced keenly at the moment, after the DB6 started to fall a while back, with even some good condition DB4s only making the mid £250,000s. And then there was the ex-Peter Sellers DB4GT – no takers yet.
The stand-out sale was the DB5 restoration project at around £326,000. However, given retail values for a good DB5 are around £650,000 now and the cost to properly restore one is around £350,000, give or take, depending on who you use, then this was about as close to a retail price car as you could get if you add the purchase price and restoration cost.
Reasons to buy an Aston Martin now:
You might be forgiven for thinking that Aston Martins of all shapes and sizes have finally been demoted from their previous high prices. But it is more likely that a depressed market is due to low consumer confidence because of various economic factors.
As a genuine Aston Martin lover, I believe it is inconceivable to think that prices won’t recover. While it’s true that Aston Martin now produces a large volume of cars since their hand-built vehicles ended, there is still, without doubt, a level of associated exclusivity.
So, if you have always longed to buy an Aston Martin or have cash in the bank that’s deflating, choose the right model, and this could be a great buying opportunity. Now is the perfect time to get in touch and let us help you find your Aston Martin.