Invest in a classic

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Purchasing classics there

Invest in a classic. That can still work out very well. As an enthusiast and collector you also enjoy it a lot. There is a big difference between old and gold. Exclusive cars in particular have been increasing in value in recent years, some brands and models of which are faster than others. This has to do with the condition, exclusivity and age of the car.

Which cars are worth a lot?

Investing in a classic is a gamble. At one point your classic is almost worthless. Later it suddenly appears that a lot of demand arises, which increases your investment in value considerably. This can of course also be the case the other way around. Typically, cars are more profitable when they fall into the youngtimer or oldtimer category and collectors have their eye on a particular model or brand. If you have a big piggy bank, or you want one apply for a loan because you have reasons to suspect that a particular model is going to explode in value, you are usually safest with an exclusive car. If you look at auction results from the past compared to today, it is striking that different supercars are worth five times as much on average. These are cars that were not cheap to buy, such as the Porsche 356 Speedster (1954-1958), the newer Bugatti Veyron (2005 - 2015) and the Lamborghini Miura (1974). 

Look at rarity

Whether a car is worth money certainly does not only depend on its age. It is also not always necessary to make a large investment. When the car is produced in a small edition, it is more likely that you can get a lot of money for this in X number of years. Keep the car in good condition, because more and more cars break down over the years. As a result, only the strongest remain. Something that is scarce is generally worth more. As long as there is more demand than supply, these types of cars will be sold for high prices. So make sure you keep your knowledge of classics up to date, in case you run into a bargain.

Insure the car in the garage

If you buy a car purely as an investment object, chances are you don't want to drive it. You can do it in this case have license plate suspended, so you don't have to pay road tax or insure the car. Although the latter is not necessarily wise. Put the car in the garage, so that it remains in good condition. If you have temporarily canceled the insurance, you are also not allowed to park it on the public road. In the event of a suspension, any accrued claim-free years will remain unchanged.

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