Imagine there’s gonna be several articles of this type over the coming weeks and months, discussing where classic car values are headed during this period of economic difficulty (a euphemistic understatment, I know). Yesterday, we heard from Barrett-Jackson, and today, we ran across an article over at caradvice.com.au, in which Clive Matthew-Wilson argues that classic and collector cars are one of the worst investments you could make at the time.
For many classic car enthusiasts, their car is a part of their family. However, most owners will privately admit that they’ve spent far more on their classic than they could ever hope to get back by selling it. If you take a classic wreck and fully restore it, you can expect to recover between one quarter and one third of the money you spent on it, not including a few thousand hours of your own labour.
But, as we stated yesterday, there’s a difference between a collector and an investor, and it takes a while, but it seems the commenters on that post finally come around to the same conclusion.
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