Two that got away: KE15 and KE20 Corollas

Many are saying that the time is now for purchasing classic cars, and this is supported by the relatively attractive prices being seen at auctions around Australia at present.

Fans of early Japanese models will be writhing with frustration having missed these two early model Corollas which found new owners at the recent Shannons Melbourne Summer Classic Auction.

This second-generation KE20 model sold for a very achievable $2600, which is half the value that similarly original, unmolested examples are generally advertised for these days. However, the real 'opportunity lost' story lies below.

This first-generation KE15 model, the rare fastback bodystyle, and even rarer in two-speed Toyoglide automatic form, sold for an incredibly low $1250.
The pictures provided by Shannons suggest a relatively rust free body, with all original trim intact, down to the fastback-specific hubcaps.
The engine bay looks to be completely original too, and very clean despite obvious use throughout the last 44 years.

Both of these vehicles prove that classic motoring is still well within reach to the common man, and such Japanese examples are generally more rust resistant and feature a far greater engineering integrity than more commonly sought after European alternatives.

Beyond this, early Japanese classics are becoming increasingly cool, so represent excellent investment potential.