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How to Invest in Classic Cars

How to Invest in Classic Cars

1965 Chevrolet CamaroRecent reports and trends have confirmed what classic car enthusiasts have known for years: collectible cars are a great investment. In fact, in today’s market, according to Forbes magazine, classic cars are sometimes better investments that high-end real estate. The returns on rare and collectible vehicles, both foreign and domestic, are higher than most alternative investments.

1966 Lincoln ContintialThis doesn’t mean that the old Yugo that has been collecting dust in your garage for the last two decades is now worth a fortune. Investing in classic cars is both a science and an art. You need to know the market, understand what is desirable, and make wise choices about what you buy and sell. Not all classics are going to give you big returns.