From Garage to Goldmine: The Art of Collectible Car Investing According to Hagerty

By Martin B

The world of televised collectible car auctions is captivating, showcasing impeccably shiny vehicles that entice bidders and buyers with suspense and stratospheric sales prices seldom associated with typical used-car transactions.

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However, one doesn’t need unlimited means to delve into the world of collectible cars for fun and, potentially, profit. Classic car insurer Hagerty compiles an annual “Bull Market” list, featuring vehicles with the highest potential for appreciation in value or at least maintaining their worth in the coming year. This list uses historical trends, insurance valuations, and private and public sales data.

The annual Bull Market list is exceptionally diverse, encompassing a myriad of vehicles, from muscle cars to military-grade SUVs. The common thread among these selections is impeccable timing, as Hagerty believes these vehicles are poised to experience the most significant value growth in the near future.

Investing in vintage vehicles offers no guaranteed returns. Experts recommend seeking models in the best mechanical and cosmetic condition for maximum value and investment potential.

Source: @Abdulwahab Alawadhi/Pexels

When entering the market, purchase potentially collectible vehicles from reputable sources and have them thoroughly inspected by expert mechanics. Researching a vehicle’s history before making a bid or purchase is crucial. Check for previous ownership, outstanding loans, and any theft, flooding, or salvage and rebuild history.

One temptation to avoid is buying a “handyman’s special” that requires extensive restoration, hoping for substantial profits once it’s renewed. Such a process can take years and thousands of dollars, making parts difficult to find. The car may languish in a garage for an extended period before it can be enjoyed on the open road again.