Classic cars: are they worth an investment?

Who has never wanted to be driving a beautiful classic car, perhaps a beautiful spider that, perhaps, also reminds of youth? But can the classic car be an alternative investment tool, perhaps in this time of rising inflation and financial assets that are not always brilliant?

First of all, a classic car is a passion and passion brings value. You have to be passionate to take care of even the smallest details, from documentation to manuals, to appearance, to accessories, but care is what often distinguishes its growing values.

Wanting to give a list of the elements that influence a historic car we can remember:

● Question : Has the model remained consistently popular, is it still around, and does it have a current demand? Then it is worth keeping an eye on

● Rarity : The poorer a model, compared to demand, the more it is worth. Sometimes, as for certain cars from the 70s and 80s, the rarity was caused by the self-destruction of the vehicles themselves. Sometimes they are cars that, paradoxically, weren't very successful at the time.

● Design : Is it quirky, edgy or just plain lovely to look at? If so, it's worth keeping an eye on as memorably designed engines are often your best bet when looking at what will be considered a classic.

● Technology . Any features or gadgets that were revolutionary at the time or even those that in hindsight were slightly odd can add to a vehicle's unique charm and give it more of an edge in achieving the "classic" status. Think of the hydropneumatic suspension for Citroen, for example

● Nostalgia: Has the vehicle been around for long enough to create a feeling of nostalgia around it? This is a crucial factor in identifying a classic future, and it is not directly dependent on the time elapsed.

A final point to consider is the “X Factor”: yes, we know it's a little more difficult concept to define, but every classic has that bit of magic that sets it apart from the pack.

In Italy the certifications linked to the historical interest of vehicles, as well as to a series of related services (re-entry into circulation, insurance, etc.) are guaranteed by ASI, Automotoclub Storico Italiano. Instead, if you want an idea of ​​the value of your classic vehicle on the world market then you can consult the Hagerty website. You may have some surprises …

Let's see, as an indication, some interesting models:

All American vintage off-road vehicles. Ford F150, Bronco, Jeeps of the seventies and eighties are always highly sought after.

Alfa Romeo Alphas are always highly sought after, especially real ones, but we try to see models within everyone's reach, or almost. There is a revival for the Alfasud, especially the Sprint Veloce models, also because they have largely self-destructed. Always sought after Alfette, Giuliette and GT and GTV. If you have less funds, keep an eye on 75 and 164, but watch out for conditions. do you want to take risks, but spend little? GTV and Spider from the nineties ..

Fiat . The 124s are always highly sought after. Low-priced revival for the 126s. In the US market, the X1 / 9s have achieved very high values. The Barchetta could be a good buy soon, or a good nineties Fiat Coupe …

Launch. Beyond the Rally models, watch out for Betas, especially Coupés.

Germans . BMWs from the 70s and 80s are highly sought after. “Nostalgia” effect also for a series of small commercial vehicles, such as the Westfalia camper.

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The article Classic Cars: are they worth an investment? comes from ScenariEconomici.it .

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This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/auto-classiche-valgono-per-investimento/ on Tue, 21 Dec 2021 09:24:59 +0000.