Can classic cars be a sound investment?
Written on the 20 October 2021 by Justin Harding - Fox Finance Group
Classic cars are vehicles older than 25 years that tend to symbolise their era. Investments in these iconic motor vehicles have grown in popularity, beyond the realm of the passionate owners of Collector's Cars, Muscle Cars and Vintage Cars.
It’s on record that classic car investors have achieved returns of over 450%! This type of gain is often long-term, where investors hold on to their prized asset until the money is right – often for decades.
Here’s a few recent examples of astounding Australian classic car sale prices
The numbers are also compelling for international classic cars
Before investing in a classic vehicle, be diligent and do your research. Here are some tips for the budding classic car investor.Is the vehicle in demand, or likely to be in demand in the future?
If you can make an informed buying decision, and budget for the ongoing care of your asset, your classic car could provide a great return on investment in years to come.
Financing a classic car
Fox Finance Group has been helping its clients with Low-Rate Classic Car Finance Pre-Approvals for over 15 years. We can help you finance your new pride and joy, whether you are buying from a Classic Car Dealer or via Private Sale. Call our Classic Car Lending Specialists for more information on 1300 665 906 or learn more about classic car finance here
Author:Justin Harding - Fox Finance Group
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