April 24, 2024

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Why Do Some Collectors Only See Classic Cars As Investments?

Many car enthusiasts see classic cars as a staple of a different time. Some classic cars have a rich history behind them, and pinpoint significant moments in the automotive timeline. However, there are many collectors out there who only see classic cars as investments. But why do these people, with more money than most people ever make in my life, only buy classic cars as an investment?

Dodge Viper car collection | Blake Wilson / Barcroft Media via Getty Images

Why do collectors “invest” in classic cars?

A recent survey recorded by The Classic Car Journal discovered that 30{7b5a5d0e414f5ae9befbbfe0565391237b22ed5a572478ce6579290fab1e7f91} of people looking to purchase a classic car in the next year are doing so for profit reasons. If that sentence made you wince, congratulations, you care about cars too. Ask any enthusiast who enjoys cars, and you’ll know there’s always more to them than money.