Unless you already know exactly which vehicle you want to buy, chances are you’re weighing all the pros and cons of several as you try to narrow down your options. You may be thinking about things like gas mileage, body, year and condition. You may also be considering whether to purchase a new vehicle or a used one.
And above all else, you’re probably thinking about its price tag. If you’re in the market for a European vehicle it’s important to factor in how much it’s going to cost . Many European brands — like like Mercedes and Audi — are already expensive and are likely to go up in price.
While some European cars are still quite affordably priced, even these models may increase in value in the near future. GOBankingRates reached out to a couple of automotive experts to find out which ones are indeed becoming more expensive .
Produced by a British company, the Land Rover Defender is one of those vehicles that’s expected to surge in value.
“More specifically, the Heritage, Autobiography and Adventure editions could really increase in value,” said Ben Michael, director of auto at Michael & Associates . “These specific editions were only produced and sold for about a year before the Defender was discontinued. So, not only are these cars no longer being made, but they are incredibly rare. Those factors can boost value by a lot.”
The Land Rover Defender has a suggested retail price of roughly $70,000. Depending on the specs and condition, prices only go up from there.
A luxury brand, Porsche was never exactly known for its low price tags. But Joe Giranda, director of sales and marketing for CFR Classic , believes that it could become even more expensive.
“In my opinion, there are a few European cars that are poised to increase in value in the near future,” he said. “First on my list would be the Porsche 911, particularly the older air-cooled models from the 1980s and 1990s. These cars have a timeless design and a driving experience that enthusiasts cherish.”
Not only that but Giranda said he believes that demand will continue to rise for these vehicles. As it does, older models that are no longer in production could become scarcer and more valuable.
The starting price for a Porsche 911 is around $114,000. Different models can go for even higher than that.
BMW E30 M3
“Another car to keep an eye on is the BMW E30 M3,” said Giranda.
The E30 generation was produced from 1986 to 1991. Back then, it went for around $30,000 new. That’s nearly $70,000 in today’s dollars. If you find one of these models in good condition, you can expect to pay much more than that. And as car enthusiasts and collectors continue to seek out these vehicles, costs could increase even more.
“This model is often referred to as the ‘Godfather of M cars’ and has a legendary status among car enthusiasts,” continued Giranda. “The E30 M3 was originally designed for racing, which gives it a unique appeal. As fewer of these cars remain in good condition, I think their value will continue to appreciate.”
Audi Quattro
Produced from 1980 to 1991, the Audi Quattro isn’t exactly your average everyday vehicle. It’s a classic that, according to Classic.com , costs on average $199,648. And that’s just for the base model.
“I think the Audi Quattro, especially the early models from the 1980s, is likely to see a rise in value,” said Giranda. “The Quattro revolutionized rally racing and brought all-wheel-drive technology to the forefront.”
In addition to playing a significant role in automotive history, Giranda pointed out that scarcity — that is, the limited number of these vehicles that are still in good condition — make it likely to surge in value. It’s definitely likely to remain a highly sought-after vehicle amongst classic car collectors.
Mercedes-Benz 300SL Gullwing
The Mercedes-Benz 300SL Gullwing is another timeless classic that’s already surged in price and may very well continue to do so. These vehicles were produced in the mid-1950s and were marketed as one of the brand’s earlier sports cars. For car enthusiasts, this comes as no real surprise considering how rare and expensive they already are.
Classic.com found that the average Mercedes-Benz 300SL Gullwing goes for about $1.6 million. When asked why, Geoff Cudd, a consumer advocate and owner of Find The Best Car Price , said he believes it’s primarily due to their unique design and, of course, their historical significance in the car industry.
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