World’s smallest budget car that was immortalised on Top Gear once sold for just £166… but now it’s worth a fortune

THE world's smallest budget car that was immortalised on Top Gear and once sold for just £166 is now worth a fortune.

A teenie tiny motor from the 60s measuring at just 1.3m long and weighing 59kg would only comfortably fit a child.

(The motor appeared on Top Gear.
Credit: BBC)

(The mini car can only get up to speeds of 38mph.Credit: Getty)

(It has no fuel gauge or speedometer inside.Credit: Getty)

But despite not being very practical, it recently sold at auction for £111k.
And it's rarity might just be the reason why.

The Peel P50 was part of a production line where, as the name suggests, only 50 were made.

Originally sourced at the Peel Engineering Company on the Isle of Man between 1962 and 1965, there are around 27 that still exist today.

It initially retailed for just £166 before being showcased on Top Gear.
The original Peel Engineering Company closed in 1974.

However the rights to their vehicles were purchased and a new company was launched in 2010. 

Now, dozens of Peel P50s are made-to-order for customers who fancy owning the mini motor.

The car only does 100 miles per gallon and has a top speed of 38mph.
It only has room for the driver and no reverse gear, so you have to get out and drag it backwards.

The P50 doesn't have any kind of gauges like a speedometer, odometer, or fuel tank gauge for the driver to look at.

Ref: World’s smallest budget car that was immortalised on Top Gear once sold for just £166… but now it’s worth a fortune (thesun)
Photo Credit-BBC, Getty