Are classic cars worth investing in?

To make money from a classic car, it needs to have something special about it.

Generally speaking, cars lose most of their value in the first few years of their lives. If you’re buying a car that’s 15 years or more old, whatever depreciation that is to occur is likely behind you, and so there’s every chance it will retain its value reasonably well, particularly if it has some sort of collectability about it.

Can I suggest, however, that you consider whether your classic car purchase needs to be a great investment? Hobbies help keep us sane, especially when they entail interacting with different and interesting people. I certainly wouldn’t want to bet my retirement on a collectible car.

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theage /  🏆 8. in AU

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