Buying a classic car as an investment

Now the weather has taken a turn for the worse, classic car owners will be packing away their pride and joy in garages and lock-ups across the land, ready to come growling out again at the first sign of spring . If there’s one thing vintage rides hate, it’s bad weather, and snow and grit are classic car Kryptonite. You may be wondering, though: what’s the point of keeping a car you rarely drive? For some, it’s the chance to own a piece of history, maybe a car they liked as a youngster, one their parents owned, or just one they want to own and cherish. For others, however, a classic car is a cold hard investment, making an appreciation in price far more important than the appreciation of fellow enthusiasts. And if this sounds a little strange, consider this: the value of top marque models such as Ferraris, Bugattis and Bentleys has risen by 430% over the past decade while the value of gold has risen by 273% during the same period. So is a classic car a worthwhile investment? And what should you look for when buying a one? We took a trip to Silverstone Auctions to find out…

Should I invest in a classic car?

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