The classic car market is going at full speed right now. If you are on the lookout for a profitable investment, then hop in.
Classic cars are currently finding a strong market among vintage collectors, car enthusiasts, and even other long-term investors. Specific models and makes are skyrocketing in prices and if you’re set on making a serious buck not just in Australia but anywhere in the world, here are the models you should consider investing in.
These classic cars are not just valued for their antiquity and rarity; they’ve also earned their value by playing a great part in the history of the automotive industry.
1. Porsche 911
This classic vehicle was produced from 1965 to 1973 and was dubbed the “small bumper” due to its build. The Porsche 911 used to be the fastest among racing cars. Today, it sells for more than $250,000, and can still go up in value in the years to come.
2. Aston Martins
The 60’s and 70’s Aston Martins are in demand among classic car collectors. These beauties can easily reach up to $1 million in resale price. Models to watch out for include the Aston Martin DB4 (1958 to 1963), DB5 (1963-1965), and DB6 (1965-1970). Only 4,000 of these classic cars combined were sold around the world since they were first manufactured, making them such a hot commodity today.
3. Lamborghini Miura
Between 1966 and 1973, only 764 Miura units were sold by Lamborghini, which is why it’s one of the most-prized sports cars up to date. A Lamborghini Miura is worth at least $1 million today. If you happen to own one or intend to buy one, make sure to be wise in reselling because it’s projected to command an even higher price value in the future.
4. Ferrari Vehicles
Ferraris can make you rich real quick. Although these machines generally don’t depreciate much in value, some Ferrari vehicles have appreciated greatly in value more than the others.
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If you happen to have one of the 400 units of Ezo Ferrari V12 cars in your garage, you should consider bringing it out because it can be sold for up to $300,000.
Other Ferraris with high resale value are 250 GTO racers, 246 Dino, 330 GTC, and Ferrari Daytona.
5. Mercedes-Benz Models
Some of these German brand’s classic sports cars are sure moneymakers. The Mercedes-Benz 300 SL Gullwing Coupé and Roadster (1952-1963) are selling over $1 million in the market today. The 1969 Mercedes-Benz 280 SL Pagoda and the 190 SL (1955-1963) will also sell at higher prices in the future making them well worth the investment today.
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The runners-up in our list include Ford Falcon GTHO, Shelby Cobra, and Shelby GT350. They are sold for more than $200,000 each in the current market. If you are looking for current cars that have low prices today but are projected to appreciate in the future, the Ford Focus RS, Mazda MX-5, Mercedes-Benz C63 AMG and Subaru WRX are some of the best investments.
Though these cars are guaranteed to give you a huge payout, remember that you still need patience and good business skills in order to gain profit from them. Make sure to do your research and know what’s in demand before making any big decisions.