These are the smart used car purchases that can net you £1,000 over time

USED ​​car prices are at record high due to a shortage of new cars.

Huge supply chain issues due to the pandemic and a global lack of semiconductors have an increased demand for used cars that can be driven away on the same day.

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Latest stats released by AutoTrader revealed that the average price of a used car is now £20,340, a 29% increase on last year’s figures.

But there are cars you could buy now for a reasonable sum, use or garage and sell later for £1,000 more.

They are known as the future classicor cars that, due to their rarity and sporting pedigree, are beginning to attract more interest after years of flying under the radar.

select car leasing unveiled the cars that he believes have the greatest potential, has big investments for the future.

Honda Civic Type R GT (2007)

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Select Car Leasing says: “The definitive Civic Type R was the second generation, 200hp ‘EP3’, first released in 2001.

Petrolheads have craved this for years, and you may be struggling to find an affordable example these days.

The third generation of the Type R, launched in 2007, might be seen by some as a slightly less polished version of the EP3 – but more and more fans are warming to the GT and prices are rising.”

You can pick up a 2007 Honda Civic Type R GT for around £5000.

MG ZT V8 (2006)

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“When MG took the staid Rover 75 and shoved in a mighty 4.6-litre V8 engine while giving it rear-wheel drive, it became an instant classic.

“However, there are only two dozen examples left on British roads. So if you see one, grab it.”

Because they’re so rare, the MG ZT V8 will cost you around £9000 but will almost certainly go up in value.

Peugeot RCZR (2013)

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“This car is all about the appeal of rarity. Regular RCZs are not an uncommon sight on British roads.

“But this ‘R’ version is much more elusive and also offers excellent drive.

“A 1.6-litre engine from the 206 GTi hatchback is tuned to produce 266 hp, while also featuring a specific turbo, lowered suspension and a Torsen limited-slip differential on the front axle.

“If you can find one, get it while you can.”

You can pick up a Peugeot RCZ R today for around £18,000.

Volkswagen Golf GTI MK IV (2003)

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“Most automotive size lists include a VW Golf GTI.

“For the older, cheaper models, it’s the 1.8T incarnations from the early 2000s that bargain hunters are looking for on the internet.

“That’s because the supercharged engine is not only known for its reliability, but also for its decent performance.”

Plan to spend around £4,500 on this version of the Golf GTI.

Toyota Celica GT Four (1995)

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“The ever-popular Celica was dropped from the Toyota range back in 2006 to make way for newer models.

“And while some incarnations of the Celica are relatively benign, the GT-Four held up two fingers to convention and went all out.

“A huge rear spoiler and a huge bonnet make it absolutely unmistakable.”

These are hard to find and prices are as low as £7,500 today but will only go further north.