Buying a Classic Car Is Never a Good Investment
Classic cars are beautiful, fun and super cool. It’s also a really bad investment, unless you’re into a hobby.
If you are like me and dream of traveling the streets in classic American muscle, it might be time to shatter that dream. Bloomberg Business’s Kyle Stock says it’s rare to make money playing with retro cars. On the open market, classic car prices have remained unchanged for nearly eight years; however, most prices fall, if there is any movement at all. Not to mention, driving a vintage car can actually be a serious problem. They consume more gas, handle it poorly, require more repairs, and have significantly less safety features.
That being said, if you are a serious collector or hobbyist, do what makes you happy. However, Stock recommends at least sticking to German and Italian brands if you want to try to retain any value. You can read more about the classic car economy at the link below.
Stop kidding yourself. A classic car is (almost) never a good investment | Bloomberg Business