Cars destined for the scrapheap now worth up to £16,000 – are you sitting on a gold mine?
Classic car prices are accelerating rapidly according to experts which have seen once unloved vehicles finally awarded mega price tags. Models include British write-offs such as the Austin Allegro and the three-wheeled Reliant Robin which was once the butt of motoring jokes.
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Select Car Leasing director Mark Tongue claims the vehicle’s rarity means many are now willing to pay higher to secure a slice of history.
This classic model can now harbour one of the highest price tags with owners set to bag £16,000 for selling it on.
However prices could rise as high as £25,000 if owners have the vehicle in rally spec or the Talbot Sunbeam Lotus model.
The car struggled when it was launched in the late 1970s as owners couldn’t prevent the car from rusting.
This model can sell on the classic car market market for £10,000 as the vehicle is still celebrated by fans and owners.
Back when the car was launched in 1974 owners moaned about rusted bodywork, leaking engines and oil pressure issues.
Manufacturing of the models was affected by strikes at the factory in Liverpool, adding to the unique story behind the Triumph.
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UK motoring hasn’t seen anything like the Robin since it launched on UK roads in 1973.
This three-wheeled runaround became the butt of many motoring jokes in the UK after developing a reputation for falling over as it went around corners.
The vehicle was also excruciatingly slow with its 850cc engine taking a massive 17 seconds to get up to 60mph.
The original vehicle could be driven on a B1 motorcycle licence although this was scrapped in 2001 when the legislation was tightened.
Fast forward to the modern day and the Robin has become a minor status symbol with restored models selling for over £6,500.
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The model voted worst car of all time by a motoring magazine in 2008 could now sell for a cool £9,000 on the second hand classic car market.
Many owners reported issues with the car’s leaky bodywork and possible dangerous wheel bearings.
The car’s bulbous appearance gave the car the nickname of ‘Flying Pig’ although some owners are now starting to buy into the vehicle’s appeal.
This model was designed as a strict competitor to Ford’s popular Cortina and Escort models which dominated motoring in the early 1970s.
However, issues with poor handling, bad suspension and understeer problems plagued it’s time on UK roads.
Despite selling almost a million vehicles in the UK just 374 remain registered on the roads.
The rarity of the model has contributed to its price rise with a standard 1.3 litre coupe now valued around £6,000.
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