What's Driving The Growth In The Classic Car Market? | Money Mind | Luxury Investments
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- Опубліковано 17 сер 2021
- How classic cars can be an engine of growth for your money.
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About the show: Money Mind tells you how to make the most of your money with tips for investors, business ideas for businessmen and analysis of the economy, companies, markets, financial products and trends.
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Even more younger folks are getting into restoration of all these classics, Vintage cars are here to stay..
It is depreciating unless the classic car is low mileage and brand new like what they did in the US where they buy limited edition cars and store in their garage for 30yrs. Low chance to earn unless it is limited n low mileage
If you're not a professional doing this for a living, there is a general rule of restoring an old car - estimate the cost of parts, body work, engine rebuild, your time involved and then multiple by three. Its almost always going to be much more than you anticipated. You're much better off to purchase the best example that you can afford.
The joys of being rich
This ought to be a full 40 min episode, not a 5 min piece.
Interesting what expert would you possibly recommend that is capable of giving quality assistance to ensuring good returns?