Investing in the classic car market is like investing in the stock market. The biggest difference is that, when you buy a car, you actually have something to enjoy, regardless of whether you accrue wealth. However, negotiating the minefield of vintage automobiles can be treacherous and an investor can use all the help available to them — especially now that Baby Boomers don’t dictate the entirety of the marketplace.
Hagerty, an authority on classic car valuations and insurance, has offered some guidance for the best classic cars to buy next year. The list fixates on cars it believes to be strong investments in terms of value growth while remaining pleasurable to own. So, if you’re planning on placing your retirement on rolling rubber or just want to test the waters without spending a lot of money, these are cars to consider. (Read More…)