Are you an investor looking for alternative ways to make money, while having fun at the same time? Investing in classic cars could be an excellent idea! Many people now are leaning towards classic cars as an investment, due to their increasing value. Most classic car collectors are in it for their love of cars, but for those who are on the fence about whether to purchase a classic car or not, here’s why classic cars are a good investment.
- Many financial advisors are looking at classic cars for investor’s portfolios in the same way they have looked at property in the past. There are actually several financial agencies that track the classic car investment market, and the success rate has been very good.
- There are a high number of classic vehicles that are rising in value. Rare cars only get rarer, so if you find one that is considered rare now, purchasing it will be a good investment.
- People look for heritage and “pedigree”. You’ve got security in your investment if your car has a good history.
- Classic cars simply have a “cool” factor. Rare and hard to find cars are especially appealing to older individuals who may have had that car in their youth, or knew somebody that had one.
It’s important to keep in mind, investing in classic cars isn’t easy. But, if you do your research and know what you’re looking for you could find yourself with a very smart investment. At Condon Skelly, we understand that your classic car is your pride and joy, and that you want to do everything you can to protect it for years to come. We are able to insure a wide variety of collector vehicles, from original antiques to brand new exotic sports cars, as long as the vehicle is a true collectible. For more information, please contact us today. (866) 291-5694