Not sure if this would be classed under models, but I've still got some of my old Scalextric stuff.

My uncle used to collect HEAPS of it, when I used to live next door to him we used to go up into his loft and make a huge track and spend all day racing. When he got a Jaguar and Porsche sports car with lights on it, we decided to turn off the lights and let the lights on the car do their job.

The cars I've got are all F1 cars, I've got a 1989 Benetton B189, Williams FW11 with Mansell's Red 5, Alesi's early 1990 season Tyrrell 018, a 1992 Minardi, a Williams FW16 with Damon Hill's number 5 on it from the 1996 season and Hakkinen's 1995 McLaren.
I feel kind of tempted to start collecting again and get hold of some old classics such as JPS Loti, but I got no room to set it up.

"And Mansell was lucky not to be taken off by that
RIDICULOUS bit of driving by Alliot!!" - James Hunt
"AAAAAND into the pitlane.....
OHHHHHHH!!!!!!!!!" - Murray Walker