I've received many comments on my post about Investing in Vehicles, like real estate.
I have several classic cars and drive them every day. The greatest question seems to be "Don't they depreciate like any over car?" And the answer is "Yes" if you drive your classic car every day, it may depreciate, but it will not depreciate as quick as your brand new BMW or SAAB.
The major difference is this:
1. If I drive my BMW for five years, no amount of money will make it worth what I paid.
2. If I drive my classic Mustang or GTO for the same time, I can restore it and exceed the price I paid because the cars appreciate.
If you take relative good care of your classic car, you can fully restore it (after 100,000 miles) for a few thousand dollars. New Paint, New Carpet, Engine Rebuild and you've get a car that has gone up in value while driving it.
"What about comfort?" is another question.
My 1964.5 Mustang convertible has A/C, Power Windows, Independent Susp and all teh comforts of a modern car ... and it looks good.
Just a thought ...
Greg Gardner
AssetInvestmentTrust.com