Selected all your options? Now click here >>
Quick contact

Petrol and diesel cars set to provide owners with valuable nest egg

Petrol and diesel cars set to provide owners with valuable nest egg

As we know, plans to stop the sale of new diesel and petrol vehicles in 2040 have been introduced, but for this isn’t all bad as many current diesel and petrol cars will start to appreciate in value come 2040.

Families can begin to look at the positives; today’s future classic cars could be used as valuable nest eggs or pension pots for the future, industry experts predict.

Simon Hill, managing director, said car owners who invest wisely and look after their vehicles could well benefit financially.

He added: “As a result of the ban, petrol and diesel cars will appreciate rather than depreciate in value in the future, providing their owners with money which perhaps can be passed on to children as a legacy or put into a pension pot.

“Luxury cars such as a 1960’s Ferrari or an Aston Martin Vantage from 1970’s will command a higher price in 2040, but cars such as the 1989 Peugeot 205 GTI or a 1989 Mercedes SL Class are also appreciating in value significantly.”

 Among the other makes which experts forecast will appreciate in the next 23 years are the Austin Mini Cooper, VW Golf GTI MK1, Ford Capri, BMW M3 E30, Jaguar E-Type SIII, and the original Audi TT.

Simon added: “It will not be until 2060 that diesel and petrol cars will stop being used as everyday cars. This means that many of the cars people are driving around in today will become collectible. Rather than worry about vehicle values falling when the ban comes in to force, drivers need to ask themselves what their car might be worth in 2060.”

Simon also advised that people shouldn’t be worrying about switching to an electric vehicle just yet. Although infrastructure for EV’s will be in cities by 2040, the rural economy will still rely on diesel and petrol for travel.

Simon explained: “Around 30% of households will struggle to run an EV due to electricity supply – many houses will need rewiring because existing circuit boards will not be able to hold the sufficient ampage for a charging point at their house.”

To find out more about our range of services and how we can look after all your fleet management needs, call our award-winning customer service team on 0116 4026500.

Share this article Post this page to facebookTweet this pageGoogle+ this pagePost this page to LinkedinPin page

Posted on 16th August 2017 at 12:21 PM

Latest Tweets

See What Our Customers Think

Testimonials

Amelia,

Thank you so much for organising a car for my fastidious neighbour and dealing with him in such a professional and patient manner- he was really impressed!

I also want to thank you for the professional and friendly way you have dealt with the contract for my own car which is due for delivery shortly.

Gail Siddall

Just a THANK YOU!

Truck delivered all as promised, communication excellent.

Kind regards


Chris

Chris

Marvin,

I am so thrilled with the car! It is everything I had hoped for, so roomy especially as my son and daughter-in-law are about to have twins, so I will be able to help them lots.

Your service has been brilliant, you, in particular, have been so patient with the process. The delivery man was charming. I will absolutely recommend you to others.

Kind regards

Charline

Charline Addison

Provided exceptional service and provided me with the Clubman at an amazing price.

I highly recommend Total Motion if you're looking to lease a vehicle at a great price. A very friendly team that were always happy to help me find the perfect solution.

Thanks a lot!

Jenny Cross

I dealt with Kieran , who was very helpful , answered all my questions and made the process a smooth one!

Ive Mattheessens

Dear Stuart,

Thank you for going the extra mile and getting the vehicle delivered as swift as possible. You are a credit to Total Motion, well done, keep up the good work and thanks again.

With Regards,

Ianto

Ianto Bellis

Thanks very much for the great friendly and informative service thus far. It's been a joy dealing with you, you've been clear and always willing to assist and clarify my queries. Making the car buying experience more relaxed and enjoyable.

Thanks,

David

David Nyamatore

Kieran,

The service which I have received was excellent. He kept me informed and promptly answered all my questions in a helpful manner.

I would not hesitate to recommend your company to anyone.

Naveed Zafar

Just wanted to say thanks again for giving us a fantastic service and helping us chose a vehicle and colour that's absolutely amazing! We love it!

Kind Regards,

Andy & Lucy Minas

Andy & Lucy Minas

Hi Emma, just want to thank you for everything you did sorting out our new cars, we took delivery today and there great. The whole thing from 1st speaking to you on the phone 6 weeks ago has gone brilliantly without fuss, great communication from everyone involved along the way. I will definitely recommend Total Motion to friends and hopefully being getting in touch myself in 3 years to go through it again with new vehicles. Many thanks again, Lee

Lee

Newsletter Sign-up

Newsletter subscribe
We use cookies to ensure that we give you the best experience on our website. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on this website. However, if you would like to, you can change your cookie settings at any time. Close this message.