Classic cars as a VP?

[flyingpylon]

I've pondered this sort of thing before. But with classic cars, you'd have to make sure that your market (older folks that remember and/or highly appreciate those cars) still exists when you need to sell. Car culture in general is waning, and today's generations don't seem nearly as interested. For truly rare and collectible cars, perhaps there will always be a market, but it won't be cheap. Just my opinion... I am certainly no car expert.

[dualstow]

I think it would be interesting for those who have knowledge in the field and who live in a climate where cars last a long time, e.g. New Mexico.

Muscle cars: I always liked the Hemi Cuda. If it doesn't turn out to be a good financial investment, it has still proven itself worthy of fighting the monsters in Phantasm.

[Xan]

Recalling some old conversations here about college financial aid: this would be a pretty good place to put your assets to prevent the colleges from helping themselves to all your savings.

[Pointedstick]

Where will you store it and how much will that cost? Insurance? Etc. You'll want to consider all of those as components of the car's "expense ratio" as an investment. And needless to say, if it's an investment, you probably don't want to drive it. So if you want a fun car to drive, just buy that and don't try to convince yourself that it's an investment. 

[frugal]

Where will you store it and how much will that cost? Insurance? Etc. You'll want to consider all of those as components of the car's "expense ratio" as an investment. And needless to say, if it's an investment, you probably don't want to drive it. So if you want a fun car to drive, just buy that and don't try to convince yourself that it's an investment. 

PS, yes I think he is doing that.

DESERT, probably you have to consider a reduction in price of at least 5% per year.


Also electric cars will arrive, I prefer technology than old cars.

[flyingpylon]

Recalling some old conversations here about college financial aid: this would be a pretty good place to put your assets to prevent the colleges from helping themselves to all your savings.

This is exactly why I have pondered "alternative investments" in the past.  Even if you don't get much of a return (or even lose a little) it could be a decent place to park some assets for a few years.  In the case of classic cars, I suppose "park" could be taken literally!