Wednesday, April 21, 2010

Considered As Investments

Considered As InvestmentsSome consider such collectibles be a form of investment. Buying a particular antique car is then done primarily in view of profit in a future sale and not of enjoying a drive or taking pleasure in restoration work. As with art collecting, antique car collecting is another form of gambling. The market for antique cars fluctuates wildly over the years. There have been periods, like the 1980s, which have seen strong and continued increase in price, but other periods (e.g. the early 1990s, and 2008-2009) which saw precipitous declines.
Experts in antique cars give the same advice as serious art dealers and professionals in the antiques trade: Collect what you can enjoy above all because the future monetary value of any craft or art object is completely unpredictable. Still, the other opinion and plan exists: People who live in naturally dry areas, such the South Western Desert region of the United States, can approach this as a potential long term investment, due to the lesser chance of destruction of the bodies by rusting. One strategy requires that you buy a car that is in good condition, with original paint and chrome in good order. It should be purchased for less than $500 in good running condition, with no broken glass and low mileage. The car should be at least 20 years old. This seems to be the time when the value of the car "bottoms out". Rarity and demand are key bases of value, and the rest is about the innate charm of the car, and its reflection of the era it represents.

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