CLASSIC CARS ARE VALUED ABOVE SHARES: INVESTMENTS IN RETRO CARS

Classic cars are valued above shares: investments in retro cars

The network has information that German bankers strongly recommend that local investors invest their money in the purchase of retro cars. It should be noted that in this case we are talking only about models that were once produced by German companies, including Audi, BMW, Daimler and Porsche. They note that for a person who has several million euros in possession, such a car can be an excellent addition to his possessions. In addition, such machines are excellent in terms of profitability and cost stability.

Also, bankers say that after the recent economic crisis, investors are becoming more interested in alternative means of investment. And it’s not only old cars, but also some art objects, as well as wine. In order to finally convince millionaires of the expediency of such costs, bankers cited the example of a special register, which shows the cost of the German models over 30 years old. Also there it is noted that the price tag on these Germans for 10 years has increased almost 4 times.

Classic cars are valued above shares: investments in retro cars
Classic cars are valued above shares: investments in retro cars

It should be noted that the absolute leader was determined in this register. German sports car “old” production called Porsche 911 has risen in price more significantly than all models. For 13 years the price tag has increased by more than 8 times. And this, according to bankers, is not the limit.

However, there are also such specialists who consider such investments risky. For example, an investor always has a chance to run into an unscrupulous buyer who is trying to sell a blatant forgery. As a rule, fakes are trying to pass for special limited series, which in fact have never been produced. In addition, before investing in a retro car, you need to carefully study its liquidity, because not all cars price tags increase steadily. For this purpose, there are special registries in which all information is taken into account.

Also, experts say that cars worth less than 100,000 euros do not deserve attention. The fact is that to service and transport them will be very expensive. As a result, the cost of maintaining a retro car may exceed its real value. Thus, the investor risks losing all the money that was invested in the project, instead of earning money.