I had a couple of project classics as a lad. My first car being a 1972 Ausitn Sprite.. yes.. AAN10 vin so relatively rare. “restored” it with my dad.. wel, made it useable. Bundles of fun and enough power to get into trouble. Had a 68, 1300 Beetle too.. more practical, but slow as poop.
Then, left my MechEng degree, built a Westfield and did a ski season.
7 month build, enjoyed (almost) every minute of it and built the car I wanted. 1800cc Zetec, twin 40’s, 155bhp on paper, forget what we had on RR.
Inspired my to go back to Uni to do Industrial Design.
Anyway, I had it down at uni for a bit. put a couple of inches of water in in when on a long trip without the hood, couple of track days, trips to the shiops, but mainly blatting about like a loon.
Completely impractical but I didn’t have 2 kids and a dog back then so what did I care..
I moved out to canada, so left it in my folks garage and drove it everytime I came home.. 2 weeks a year! So ended up selling it to fund the deposit on a house. I still wish I’d exported it over here as it would be great as a summer commuter.. though I’d probably have been run over by a crew cab pickup or logging truck by now!
To repace the fun that I was missing, I got a mk1 Gti. a bunch more practical, half as much fun, but just wasn’t a westfeild!
From an investment of fun, it was great! As far as depreciation… I had it 8 years, did 10k miles and when I sold it, I got 70% of what it cost me back.. I was happy with that!
Would I have another? Heck yes! If I can find a 15yo seiw with a 16v engine on throttle bodies for 5k.. I’d seriously think about importing it over here.
As far as other options.. if I were going to actually build something again (which I doubt) I’d seriously look as above at a wankle engined round wheel arched MG Midget, or a GTM libra.. but I’m well out of touch with whats out there on the kit market now.
Pistonheads is a good place to browse for pre-built stuff.