Vehicles tend to depreciate over time but in very rare cases they increase in value. There are many classics that easily rack up millions of dollars in auctions… cars like the Mercedes-Benz SLR Uhlenhaut Coupe that recently sold for $142 million…sweet!
Truth is, however, that not many people can afford to flip or buy such exotic vehicles. With a little time and dedication, anyone can still make money buying and selling the regular auction vehicles
You may call them boring cars but with the right skill, you can easily make a sizable amount of money in the auctions also. Many people may not spare these cars a second glance on the road but shockingly they could cost a lot of money at the auction with a little touch DYI, touch up.
Call it high demand, sentimental value, or cult following, we really can’t point a hundred percent to why the vehicles listed below cost averagely more than similar vehicles in their range but here are some boring cars that cost a fortune at the auction.
Boring Cars that Cost a Lot in Auction
1. Honda Civic CRX (Second Generation)
The Civic CRX is a Japanese hatchback with its most potent engine being a 160-hp 1.6-liter which accelerates from 60 mph in 8 seconds. The CRX weighs about 2000 lbs and comes with a 5-speed manual transmission. Three generations of CRX were built and the second generation Si is the most valuable and sells for up to $40,000.
2. Ford Focus SVT
The SVT is short for Special Vehicle Team and they are responsible for the Ford Lightning pickup truck. The SVT is a scarce car with only 15,000 manufactured. They are mostly low mileage and raked in up to $20,000 in the auctions. The hatchback is a valuable addition to the collection of enthusiasts and can rack in a fortune at the auctions.
3. Volkswagon Beetle
The first generation Volkswagen Beetle is among the top 5 most sold cars in the world, with 23.5 million units sold in 81 years. These figures have landed the Beetle its title as one of the most influential vehicles ever seen in the world.
Many collectors and enthusiasts are fascinated with the Beetle and you can understand them with the great result the car has created over the years. In the auctions, low mileage Beetles sell for as much as $20,000. The highest it has sold for in the auction is $50,000.
4. Jeep Wrangler (YJ)
The Jeep Wrangler YJ generation was made for off-roading to tackle the terrain it finds itself in. The YJ generation has a two-door configuration and does not have a luxurious cabin-like Grand Cherokee relative. In the auctions, the Jeep Wrangler YJ sells for more than $25,000. This tells us that collectors want this car in their collection.
5. Toyota Land Cruiser FJ43
The Toyota Land Cruiser FJ43 sold for an outrageous amount of money in the auctions – $78,500. The FJ43 has a 4.2-liter inline-six engine and a 4-speed transmission with a dual-range transfer case. Steel looks like a chunk of metal sold at that price – but collectors and enthusiasts think differently.
That being said, if you dont have any of these parked in your garage to make money from, below are regular everyday common vehicles that could help you earn a decent amount thanks to really great resale value.
As a bonus, here’s a list of the top 5 vehicles with the highest resale value…especially in West Africa.
1. Lexus ES
The ES has a good resale value and great fuel economy of 22/32 mpg city/highway. It has a V6 engine and archives better fuel economy than its rivals giving it its high value. It cost more than the Camry because it is Toyota’s luxurious trim and has a good reliability score.
2. Toyota Corolla
The Corolla is known for having excellent fuel economy and is popular among Uber drivers in Nigeria. The most popular models are the 2003-2009 models. The Corolla has a 1.8-liter engine and a fuel economy of 31/city and 40/highway MPG.
3. Toyota Camry
The Camry is also one of the most popular cars on the Nigerian road. It is spacious and has a great fuel economy of 28/39 mpg city/highway for the LE and SE trims. The XSE and XLE trims have a mileage of 27/38 mpg city/highway. It is popular among families and the popular models are 2003-2010 models and 2.4-2.5-liter engine being the popular engine of choice.
4. Honda Accord
The Accord is also popular among Nigerians and has a high resale value. The Accord is more acceptable than the Honda Civic. The most popular engine is the 2.4 iVTEC engine and the 2015 model has the best resale value.
5. Kia Cerato
The Korean car, Cerato, is another car with excellent resale value. It has a smooth ride and standard features not found in rivals and always comes loaded from the base models.
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