Tags: collectorcars | investment

Are Collector Cars Worth the Investment Hype?

By and Christopher Saeli Monday, 15 March 2021 12:28 PM Current | Bio | Archive

Millions of Americans are involved in car collecting. The old muscle car or British roadster you bought in college may still have a place of honor in your garage and see use as a weekend cruiser.
With today's stock market and possible inflation many investors are looking to shift to collector cars.
Looking at auction results and values from websites like hagerty.com you can see the huge interest in investments. Taking the time to do your homework is critical to buying the right car.
You may have a friend with a unique car in the garage, maybe they are thinking about selling it. Sometimes you can find a very special vehicle that has a wonderful story and will always keep its value. The video link tells one story of a very lucky guy and his unique find that is a fantastic investment.
Some cars are always a great investment decision. One of those cars is from Porsche. Almost 40 years since it rolled out of Porsche's factory, we tell the story of a Porsche and its worth more than when it was brand new, and the same if not more than a brand new 911 turbo.
Most of today's new cars only depreciate; very few are worth keeping.
The Porsche 930, for example, will continue to climb because if its legendary status as the original 911 turbo and the original "widow maker." The story is in the video. There are always going to be Porsche enthusiasts who want an early turbo.
So if you're looking for a car to have as an investment car, the first generation of 911 turbo is never a bad idea. It won't disappoint you on the road, and it won't disappoint your portfolio either.
Bottom Line:
The best part of investing in a car is you get to drive it, unlike a stock or other investment.
Don't forget to check out our all-new website Car Coach Reports.
There are more features and design information that we cover in our video review. Check out the Car Coach Reports Ratings on this video before you buy any vehicle.
There are more features and design information that we cover in our video review. Check out the Car Coach Reports Ratings on this video before you buy any vehicle.
Lauren Fix, The Car Coach® is a nationally recognized automotive expert, media guest, journalist, author, keynote speaker and television host. Post your comments on Twitter: @LaurenFix or on her Facebook Page.

© 2021 Newsmax Finance. All rights reserved.


LaurenFix
With today's stock market and possible inflation many investors are looking to shift to collector cars.
collectorcars, investment
413
2021-28-15
Monday, 15 March 2021 12:28 PM
Newsmax Media, Inc.
 
Newsmax TV Live
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved