Three Vehicles that are a Great Investment
With any investment, there is a risk, but since classic cars remain a nondepreciating asset, there is a good chance that buying a classic car will pay off financially for you in the future. There is growing popularity in cars and they are now more valuable than ever. Between 2004 and 2014, classic cars increased 500% in value, according to the Knight Franklin Luxury Investment Index. But just remember, it is important to do prior research before buying. Not all cars increase in value, so it’s crucial to pick a car that stands out and will be marketable when you are ready to sell.
You might be wondering then... What are the best classic cars to invest in? As difficult as it was to narrow this down to just three, here they are. Three vehicles that are a great investment:
1969 Pontiac Firebird
*1969 Pontiac Firebird found on https://search.creativecommons.org/
The Pontiac Firebird is a giant of the muscle car world and will likely always be a worthwhile investment. Whether you’re a collector of classic cars or just want to restore a true classic, this car is appreciated by many and holds a lot of value. The ‘69 Firebird is a more rare, stylish version of the Chevrolet Camino with 330 stock horsepower. It came with a 400-ci V-8 that can still easily be modified for more power. Check out our selection of Pontiac Firebirds here.
1970-71 Dodge Challenger
*1970-71 Dodge Challenger found on https://search.creativecommons.org/
Today, the Dodge Challenger is a true icon. Unpopular when introduced, the 1970 Dodge Challenger now receives the recognition it deserves as a rare collector's car. This car was made with genuine care and craftsmanship and is a great investment today. According to hotcars.com, Dodge conceived its midsize muscle car as a "Challenge" to the Mustang and Camaro pony cars. And they nailed it.
1968 Plymouth Roadrunner
*1968 Plymouth Roadrunner found on https://search.creativecommons.org/
The Plymouth Roadrunner is a true classic. This vehicle is simple, straightforward, and affordable. In 1968, this vehicle made its way to the front of the best-selling line. Even though this car was more affordable than other classic cars, it didn’t sacrifice on power or performance. Completely bare-boned but with a 6.2-liter V8 pumping out 335 horses and 425 ft-lb torque, it was able and willing to be pushed to its limit.
Unlike the average modern car that depreciates immensely the moment that it is driven off the lot, rare and unique cars appreciate in value as they get older, and even become antiques. This is simply because of the supply and demand relationship. For many, vintage cars represent the nostalgia of their youth. Later in life, they often possess the funds to purchase a vintage car, to drive, or to just keep it as a collector’s item.
Worldwide Vintage Autos is your go-to when it comes to investing in classic cars. We have a wide variety of classic cars and the best staff to help you find your dream classic car. Check out our current inventory here and don’t forget to sign up for our VIP list to get a first look at new inventory.
