Is it a good idea to invest in cars?

the reality of car collecting is that for every investor who cashes in big there are hundreds who lose far more money than they make, so be careful!

ALWAYS get a thorough pre-purchase inspection (performed by an expert) before buying any vehicle, especially if you’re buying for investment purposes, I recommend.

Ultimately I put a good $15,000 into the GTX, meaning I only made $5,000. Now ask your accountant “Is a $5,000 return on a $19,000 expenditure, over 24 years, a good investment? Time is money. Making a “profit” on a collectible car is relative to the time and money you spend.

Investing in cars is a long-term game, and a game where research is king, let’s think about it before…

I would say a Heritage Green NA MX-5 (the ones with the speakers in the headrests) with under 50,000km on it would be a cracking investment and my choice.

The biggest mistake you can make is to not buy the very best your budget will allow, adding that there’s no excuse not to do your homework before buying. Documentation is a necessity nowadays, good paperwork adds huge value to the car.

If you're bent on buying old cars, get as many as you can afford. Classic vehicles are like tiny tech companies: it’s very difficult to tell which ones are going to take off. Just don’t forget about the management fees

many thanks for all this recommendation, I know a bit more now, thanks a lot guys.

Hey check this other thread : https://www.investorsworld.co.uk/finance/classic-car-collection/