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10 Classic Cars you can buy that will make you money!


Published 12/4/2003

There are genuine investment opportunities in the Classic Car market, but like most things of this nature there are risks, however if you follow the market and buy right, you can drive your dream car and make money too!

We spent a little time checking the growth in value of classic cars over the past twelve months to compare what they are fetching now with what they were worth a year ago The values below are for vehicles in excellent condition, but not necessarily 'show cars'. These are cars needing no work and being only gently used for the past twelve months.

DOMESTIC
1) 1970 Pontiac Firebird Formula / Trans Am
+ $2,000-3,000!
$16-20,000 a year ago, $18-23,000 now.
2) 1967-69 Camaro 396 RS Coupe
+
$3,000-5,000
!
$28,000 a year ago, $31-33,000 now.
3) 1970-71 Plymouth Hemi Cuda
+ $4,000!
$84,000 a year ago, $88,000 now.
4) 1967 Camaro Z 28 and Z28/RS Coupe
+$7,000
!
$42-44,000 a year ago, $49-51,000 now.

5) 1932-34 Auburn Twelve Boat-Tail Speedsters
+ $20,000!
$70-90,000 a year ago, $90-110,000 now.
(851-852's now fetching double that!)

FOREIGN
1) 1970 Datsun 240 Z
+ $2,000
!
$10,000 a year ago, $12,000 now.
2) 1962-68 Triumph TR4
+ $3,000!
$16-18,000 a year ago, $19-21,000 now.
3) 1968-71 Aston Martin DBS
+ $5,500
!
$39,500 a year ago, $45,000 now.
(Also DB4 1960-63 Coupe and V8 cars built between '71 and '89)
4) 1963-67 Austin-Healey 3000 BJ8
+ $7,500!
$37,500 a year ago, $45,000 now.
5) 1964-66 Ferrari 275 GTB (Twin Cam)
+ $12,000
!
$223,000 a year ago, $235,000 now.
(GTB4 fetching $100,000 more and showing growth.)

The key of course is to find the best examples, don't look for the cars that need "a little TLC" look instead for the cars that have been kept in excellent original condition, or that have been fabulously restored. There are always people willing to buy cars in this condition even in a down market - top notch cars will fetch their money.

For more information on current collector car values - check out this resource:

www.Hi-Bid.com it's a massive database with the results of every major collector car auction held around the world! You can reshuffle the results to give you a complete range of values for any given car that has been auctioned in the past twelve months.

 

DON'T MISS NEXT MONTHS NEWSLETTER. IT FEATURES THE RESULTS OF
 - '
AMERICA'S MOST WANTED' -
OUR ANNUAL LIST OF THE MOST DESIRED COLLECTOR CARS IN THE USA!

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