Now the weather has taken a turn for the worse, classic car owners will be packing away their pride and joy in garages and lock-ups across the land, ready to come growling out again at the first sign of spring . If there’s one thing vintage rides hate, it’s bad weather, and snow and grit are classic car Kryptonite.
You may be wondering, though: what’s the point of keeping a car you rarely drive? For some, it’s the chance to own a piece of history, maybe a car they liked as a youngster, one their parents owned, or just one they want to own and cherish.
For others, however, a classic car is a cold hard investment, making an appreciation in price far more important than the appreciation of fellow enthusiasts.
And if this sounds a little strange, consider this: the value of top marque models such as Ferraris, Bugattis and Bentleys has risen by 430% over the past decade while the value of gold has risen by 273% during the same period.
So is a classic car a worthwhile investment? And what should you look for when buying a one? We took a trip to Silverstone Auctions to find out…
Should I invest in a classic car?
The post Buying a classic car as an investment appeared first on The MoneySupermarket Blog.