By Lauren Fix, The Car Coach, and guest Christopher Saeli
Millions of Americans are involved in car collecting. The old muscle car or British roadster you bought in college may still have a place of honor in your garage and see use as a weekend cruiser. With today’s stock market and possible inflation, many investors are looking to shift to collector cars.
Looking at auction results and values from websites like hagerty.com, you can see the huge interest in investments. Taking the time to do your homework is critical to buying the right car.
You may have a friend with a unique car in the garage. Maybe they are thinking about selling it. Sometimes you find a unique vehicle with a wonderful story, and it will always keep its value. The video link tells one story of a fortunate guy, and his unique find that is a fantastic investment.
Some cars are always a great investment decision. One of those cars is from Porsche. Almost 40 years since it rolled out of Porsche’s factory, we tell the story of a Porsche, and it’s worth more than it was brand new, and the same if not more than a brand new 911 turbo. Most of today’s new cars only depreciate; very few are worth keeping.
The Porsche 930, for example, will continue to climb because of its legendary status as the original 911 turbo and the original “widow maker.” Check out the story in the video.
There are always going to be Porsche enthusiasts who want an early turbo. So if you’re looking for a car to have as an investment car, the first generation 911 turbo is never a bad idea. It won’t disappoint you on the road, and it won’t disappoint your portfolio either.
The best part of investing in a car is driving it, unlike a stock or other investment.
Did you buy your classic car as an investment? Let us know your thoughts below or comment on the NMA’s Facebook Page.
Lauren Fix, The Car Coach®, is a nationally recognized automotive expert, analyst, author, and television host. A trusted car expert, Lauren provides an insider’s perspective on a wide range of automotive topics and aspects, energy, industry, consumer news, and safety issues.
Lauren is the CEO of Automotive Aspects and the Editor-in-Chief of Car Coach Reports, a global automotive news outlet. She is an automotive contributor to national and local television news shows, including Fox News, Fox Business, CNN International, The Weather Channel, Inside Edition, Local Now News, Community Digital News, and more. Lauren also co-hosts a regular show on ABC.com with Paul Brian called “His Turn – Her Turn” and hosts regular radio segments on USA Radio – DayBreak.
Lauren is honored to be inducted into the Women’s Transportation Hall of Fame and a Board Member of the Buffalo Motorcar Museum, and Juror / President for the North American Car, Utility & Truck of the Year Awards.
Check her out on Twitter and Instagram @LaurenFix.