Invest In Classic Cars – Insure Your Financial Future

Invest In Classic Cars – Insure Your Financial Future

I've been out doing some reading about the economy, and different ways that you can help your self through the bad economy in the long run, as usual it starts with cash and investments, the investments I'm talking about aren't gold or silver though.

I'm talking about old cars, has gold or silver gone up 10-15 times since the 1960's, the answer is no, have classic cars went up in value 10-15 times, and in some cases a lot more, the answer to that question is a big yes.

Of course I'm talking about restored to factory original specs cars, not hot rods, street rods, or any other form of custom, you do those kind of cars to fulfill a dream, if your buying them for an investment they need to be original as possible.

It's imperative that you do your studying about the cars that you purchase, you need to know them inside and out, or you could get a big surprise, and not the good kind of surprise, I've seen Hemi mopars go for $2,000,000 or more.

These cars would have went for between $1,800 - $3,000 back in the 19609's and 1970's so you do the math, a 1970 GSX Buick stage II 455 would have went for about $2,800 on the market back in 1970, the last one of these I seen sold for $650,000, and not at an auction.

The list goes on and on, it's littered with Chevrolet's, Ford's, Chrysler's, they all built special cars that people just loved, and that love translates in to dollars, it translates in to security for the people who own them, and it translates in to fun.

How many investments do you know of that have risen this sharply over the years, you may be able to name one or two, but the one thing that classic cars do that no other investment will ever do is this, they don't lose value, the economy has not driven them down in price.

What I'm saying here is, buy, restore, and have fun with these cars, they are a part of our countries automotive history, and there are still a lot of them to be found, yes they are getting harder to come by, but with a little American ingenuity you'll locate the right one for you.

Once you've caught the classic car bug, you won't be able to stop, and the more you get, the more you're estate will grow, and you net worth will rise with every one you buy, well except for the one that you mistake on, and it will happen.

Those are the ones that you can have fun with and customize, the ones that are good daily drivers, because you've got to know one thing, the less you drive your collector cars, the more their worth in the end, of course you should have fun with them though.

Take them to the shows and have fun with them, just try to stay away from driving them every day, get your kids interested in them, and make it a family affair, and then you'll have to hear about the time you spend with your cars, have fun and enjoy, I hope this helps.