Top Ten Classic Cars Under £5000
Looking for a classic car but don’t want to break the bank? Take a look at our Top Ten Classic Cars Under £5000
Looking for a classic car but don’t want to break the bank? Take a look at this list of our Top Ten Classic Cars Under £5000, we’ve compiled a list of widely available classic cars which currently remain competitively priced. Some are bonafide classic cars and have been for many years, with an established following of enthusiasts. Others may seem more surprising choice, but they’re up and coming classics starting to become more popular with age.
If you own any of the cars below on this list, why not check our classic car insurance?
The Mini is the first of our top ten classic cars under £5000
This classic has been around since 1959 and although it never looked any different to the untrained eye, the Mini had actually gone through seven evolutions by the time it met its demise in 2000. Now we all know the Cooper is the pinnacle of the Minis fame but £5000 is unlikely to get you one of those, don’t worry though you can still get a very good Mini for this sort of money. The eighties saw many limited edition models as well as two anniversary Mini’s 25 & 30 years respectively. The London collection was made up of the Mayfair, Ritz, Piccadilly, Chelsea and Park Lane. Who can forget the Mini Red Hot and Jet Black, Check Mate and Designer? All of these can be purchased in good condition for less than £5000.
Check out our Vital Stats on the Austin Mini Cooper.
2. Jaguar XJ6
Number 2 on our list of top ten classic cars under £5000 is the Jaguar XJ6
What better way to cruise around on a Sunday morning than in an opulent salon made by the experts at Jaguar? The 1990’s saw more of the same from Jaguar’s indulgent XJ6, it was the height of luxury and a top of the range model super saloon. With that famous straight six engine, power and elegance for very little money in today’s market. As the large saloon has fallen out of favour, these 90’s masterpieces are current bargains for under £5000 with relatively low mileage. Make hay while the sun shines as in another ten years these big cats will start to increase in value so now is the time to buy and enjoy a piece of motoring history.
Check out our Vital Stats on the Jaguar XJ6.
3. Mazda MX5
This 90’s roadster is number 3 on our top ten classic cars under £5000
As cars of the 1990’s are now seeking classic approval, Mazda’s MX5 in its first evolution is clearly a cut above the rest in the roadster category of its time. The Mazda MX5 is the perfect car for those who want the British sports car experience from the 60’s & 70’s, without the issues of reliability. The MX5 offers all the performance you’ll need, along with superb handling ability for under £5000.
Driver participation is the key with this roadster allowing you to make adjustments as required whilst in motion, it wasn’t long before the MX5 became the biggest selling two-seater convertible in history, a title it well deserves. Read our valuation guide for the Mazda MX5.
Check out our vital stats on the Mazda MX5.
4. Saab 900 Turbo
Coming in at number 4 on our list of the top ten classic cars under £5000 is Saab 900 Turbo
The most popular car ever to come out of Sweden, Saabs 900 Turbo was a step-up from anything else they had launched before, using the same concept for the interior of its cars as its aircraft design philosophy with placement of instruments based on the frequency of use and its aerodynamic exterior helping the 3 door hatchback from 0-60 mph in 7.5 seconds and a top speed of 135 mph. Nowadays this quirky car has a cult following of its own especially in Aero form which today fetch good prices on the classic car market. Once a yuppie mobile now a cool alternative for the freethinker, either way the Saab 900 Turbo is something different.
5. VW Beetle
Number 5 on our list of top ten classic cars under £5000 is the VW Beetle
What can we say about the people’s car that hasn’t already been said? Although the bug has been around since the late 40’s it still doesn’t fail to inspire and delight enthusiasts of all ages, from all backgrounds. It’s true to say that concourse early examples can fetch up to £20,000 in some cases; this doesn’t mean you can’t buy a perfectly good one for less than £5000. Many revisions of the beetle occurred through its long life time in production and later models are slightly less desirable than early ones although all models have appeal. The Volkswagen scene is massive in the UK and all vehicles are welcome. Although it has to be said it all started with the VW Beetle.
6. Ford Fiesta XR2 (Mk 2)
The Ford Fiesta XR2 Mk2 is number 6 on our list of the top ten classic cars under £5000
With the success of Ford’s Mk 1 XR2 it was fair to expect the same from its successor, which is now another classic example of Fast Ford popularity. The Mk 2 version was a bigger more modern looking car for the time with a sportier style, including a body kit and those pepper pot alloys. It not only looked the part it had a brand new 1.6 CVH engine with more power than its predecessor so it was also quicker. Cheaper than a Golf GTI it sold well and being a Ford means in today’s classic market spare parts are widely available. With Ford’s success at producing affordable sporty cars at the time the XR2 Mk 2 is an iconic car from the eighties hot hatch era with all the potential to continue to rise in value. Get one while you can.
7. Rover SD1
Number 7 on our list of the top ten classic cars under £5000 is the Rover SD1
The Rover SD1 was the company’s brand new replacement for the now ageing P6 model that had been around since the early 1960’s. This innovative new design was warmly received by the press and public alike, winning European Car of the Year in 1977. The SD1 also gained notoriety as John Steed from The New Avengers and George Cowley from The Professionals both famously drove 3.5 versions of these big bruisers. Originally designs were submitted by Triumph & Rover for a new car, with Rovers version being chosen. Although both companies being part of British Leyland became involved in the team’s Special Division One who produced the new car, hence the name SD1. First and foremost these cars made the perfect middle management transport, nowadays they are a British cult classic provoking late seventies nostalgia.
8. Porsche 944
We’re nearly at the end of our top ten classic classic cars under £5000, our number 9 is the Porsche 944
The entry level Porsche of the 80’s was a step up in looks from the car it was based on the 924. With a wider more aggressive overall appearance, rear spoiler and the 2.5 engine giving more power than its predecessor, the 944 was a success. With upgrades in 1984 seeing more improvements with those tele-dial alloys, new dash and revised body panels. Porsche then introduced a Turbo version in 1985 with a 0-60 mph under 6 seconds and 55 more bhp, although it would be difficult to find a decent one under £5000 so we’ll stick to the normally aspirated version. 1987 saw the release of the 944 S model increasing the power from 165 bhp to 190 bhp, by the end of the eighties it had out sold its slightly under powered sibling the 924 originally launched in the late seventies. Previously seen as a cheap Porsche today the 944 gets the recognition it deserves as an appreciating 80’s classic.
9. MG Metro
The MG Metro is number 9 on our list of top ten classic cars under £5000
The eighties saw the birth of the hot hatch back and with MG famous for roadster and coupes through the 60’s & 70’s it was about time they moved with the times to produce something more in keeping. So they did, starting with the MG Metro which horrified the MG enthusiast but delighted the buying public. With a healthy upgrade in the A Series engine developing an extra 12 bhp and some revisions inside and out the little Metro pulled in the crowds with the first MG Hatchback.
Just over a year after its launch the MG Metro Turbo headed the line up featuring a Garrett T3 Turbo producing a restricted 93 bhp to help maintain the life of the gearbox. Today these cars are rare and becoming increasingly more valuable although £5000 will just about get you a good one, if you can find it.
10. Land Rover 90 & 110
Last but not least, the Land Rover 90 & 110 are our number 10 on the list of top ten classic cars under £5000
The 80’s saw a change for Land Rover from leaf sprung Series III to coil sprung 90 and 110 models allowing the Land Rover to be more effectively marketed as a life style vehicle for families and not just a commercial vehicle for farmers. These early 90’s and 110’s are the first Defenders but Land Rover only started using the name in 1990 so officially they are dubbed according to their wheel base.
These models were also upgraded and modernised to promote sales, appealing to the public with new interiors and a more comfortable ride with a new series of progressively more powerful and modern engines. The County model was a great move for Land Rover with different colour options, stereo and styled wheels giving it a lot more appeal. £5000 won’t get you a concourse example but it will get you a straight one with room for improvement. The Land Rovers are a worthwhile investment and great fun to own.
All of the above have great classic car appeal and will easily qualify for our classic car insurance as second vehicles. Why not give us a call for a quote on 0121 248 9229 for your classic car or request a call back here.
We spoke to Mark Wilkinson, Managing Partner at Heritage Classic Car Insurance to find out what he’d spend his £5000 on:
‘There are so many great classics that you can buy on a budget of £5000. If had to choose I’d spend my money on the Mini which is set to increase in value, with limited editions highly sort after. My other pick would have the be the Mazda MX5 which already has a reputation as one of the best roadsters ever produced. The first generation is now of age so it’s inevitable that this the new classic to own. I’ve also recently purchased a Land Rover 110, with the Defender production coming to an end earlier this year they’re becoming more sought after. You might struggle to find a Defender for 5k but if you’re not scared of a bit of work you could find yourself a bargain!’