Invest in Classic Cars
Wouldn't you rather drive your 401k?
Investing in a classic car can not only bring enjoyment but it can be financially rewarding as well. Overall, classic car values have remained steady and are increasing even in economically challenging times.
Hagerty, a leading collector car insurance company, has produced a list of “Cars That Matter ‘Blue Chip” Index that is based upon the values of 25 of the most collectible postwar cars. Those values have increased 67 percent from fall of 2006 to the end of 2010. One cannot say that about their Fannie Mae fund!
My customers who have bought and sold classic cars for over 20 years have told me they would never be sorry for the money they have put into buying collector cars. The average ROI for authentic, rare, documented vehicles has retained a 12% annual average increase according to market experts. That is not so easy to find on Wall Street these days.
Several collectors I have worked with over the years have been able to increase the number of cars they buy and sell as my service allows them to focus on enjoying and maintaining their collection rather than having to spend time finding and qualifying buyers. With global exposure and a sound reputation, Classic Lady Motors has found serious buyers for the sellers, and good quality collector cars they can purchase.
There are many factors that determine the value of a classic car and it takes an exceptional car to bring a large ROI. The history, value, condition of the car, and market trends are some key factors that influence what price the vehicle will sell for.
Some say that classic car investing is not for the average individual. And I agree with this unless of course that investor is well educated on classic cars and the classic car market. But what if there was a way to enjoy owning a classic car that has a good potential to do well down the road?
The value Classic Lady Motors can bring to buyers is a network of good quality collector cars that are owned by seasoned collectors. Combine that with a comprehensive knowledge of the classic car market and trends, and you will feel more secure in your purchase.
- Debbie West