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Classic Cars: Is it worth the investment?

2017-10-18 12:16

Image: iStock

Cape Town - Have you ever thought about buying a classic car but wondered if it would be a worthwhile investment? Here's a guide you might find of interest should you consider purchasing that timeless classic.

What makes a classic car?

'Money-pod', a UK-based finance provider, created a guideline on what you should analyse when it comes to buying a classic car and also showed examples of good and bad investments.

According to the guide, the five points to look out for when buying a classic vehicle include looks, notability, rarity, innovation and reliability.

Also, one of the investments that paid off was the Aston Martin DB5 which was a classic car that exponentially increased in value over the years. Given its status as 'the most famous car in the world' at the time, following its role in the James Bond Goldmember movie, the DB5 quickly became a collectible.

Check out this classic car purchasing guide:

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