Comments on: Classic cars a poor investment

By: Blitzkrieg

Blitzkrieg — Sun, 21 Aug 2011 01:37:18 +0000

I know a bloke who paid $40,000 for a phase 3 hoey back in the 80s.Still worth about half a mill.

By: KENNY

KENNY — Sun, 21 Aug 2011 00:39:03 +0000

As well as my Monaro’s I have a BMW 633 and MGB GT on historic registration that I use as everyday cars. They cost much less than ordinary new cars to buy, maintain,register and insure….and look better too! I own them outright (as with all my cars) so there is no debt and interest payments. They hold their value instead of depreciating, and since I need a car anyway…they provide me with a transportation source. They are an “investment” in minimising my auto running costs even if they dont produce an income.

By: KENNY

KENNY — Sun, 21 Aug 2011 00:14:38 +0000

??? I bought my 73 HQ Monaro GTS Coupe in 86 and 70 HT Monaro GTS 350 in 05 and although the values have come down…I would still realise a tidy profit if sold today. It depends on careful selection,having what people want and when you sell.

By: pam

pam — Thu, 10 Mar 2011 22:28:27 +0000

so does that mean buying a 1986 lamborgini jalpa for $20,000 is a bad idea??

By: Aussie Guy

Aussie Guy — Sun, 14 Nov 2010 11:17:55 +0000

Its simple supply and demand. They are not making any more of these cars, and the ones in existence are reducing each year for various reasons (accidents, fire etc etc). If people want them (now and into the future) and they are not making any more of them (they are becoming scarce), what happens to a scarce desired commodity? IT GOES UP.
However, of course, if you pay 750k for a xy ford and you expect to make money, well… that’s a very brave move. Pay a reasonable price, for a good quality, well desired classic, and you will not go wrong over the long term. But I agree, if the only reason for purchase is to make a quick buck, and you don’t actually like the car or have a genuine interest in classics, then you’re wasting your time, go buy some good blue chip aussie shares instead, its much less hassle.

But anyone that says there is no money at all in buying and holding good quality classics, is buying the wrong classics.

By: true car lover

true car lover — Wed, 25 Aug 2010 18:51:15 +0000

your all idiots for talking about classic cars like they’re something you hope to make money on. They’re just like a fine work of art; you buy it because you think its a beautiful creation, not a big metal dollar sign!

By: Paulina Shenton

Paulina Shenton — Fri, 09 Jul 2010 11:05:19 +0000

The classic cars have to maintained and handled with lot of care. This is really very important for those who own a good classic car. It will be a poor investment if it is not maintained with proper care. It’s very hard to find such awesome classic cars but now it been seen in many classic cars shows or museums. carinsuranceclassic.co.uk

By: Adam

Adam — Wed, 12 Nov 2008 23:05:48 +0000

Classic cars will still be classic cars, and markets will still be markets. Markets dictate the price of an asset. Nothing is a truly bad investment if there is a market behind it.

By: John Christian

John Christian — Wed, 29 Oct 2008 01:23:20 +0000

A few points on this economic crisis which is not going to go away. Nor throwing trillions at the banks and finance gurus (big money) which is a continuince of the same process that caused the crisis along with the worthless toxic paper. The banks are now using the bailout money for increasing their leverage and position (read domination over the market) by buying up all the smaller banks. The same big money interests with their golden parachutes have created another successful touchdown by cashing in, on the very crisis of their making, for another big payday. The Great Depression of the 1930′s increased the tensions sharply between countries so that trade war became shooting war. The Depression went right through till 1954.
I think the odds are weighted in favor of decreasing prices for classic cars rather than rising.

By: Ed

Ed — Thu, 16 Oct 2008 00:28:30 +0000

Pure BS and anyone who agrees with these sentiments knows little about cars and the classic car market. How do you explain the millions of people who have made millions by buying and selling classics?? Sure, there will always be rich goofs who overpay and over-value cars as “investments”, but those are the only ones that really get bilked. Many people own classics – or restore them – and if they know what they are doing, almost always turn a profit. It’s not rocket science, but guys with money just throw too much at things. Those getting burned currently are the guys who overpaid at Barrett-Jackson for the past few years. No car is going to apreciate a million dollars in a year or two (read: hemi-cuda!). If they where worth 50 grands three years ago and are worth maybe 60 grand today.