Re­cent study from the Univer­sity of Wales es­tab­lished that in most cir­cum­stances, a male driv­ing a 50-year-old clas­sic car in good con­di­tion will get far more at­ten­tion from the op­po­site sex than if he were driv­ing a late-model car worth twice as much. Tr

New Zealand Classic Car - - Local Market Report -

to stocks or sav­ings ac­counts held in the bank? Surely we can all agree that there was no ex­cep­tional in­crease in re­turns from any bank in the world! As any in­vestor would con­firm, the higher the re­turn, the big­ger the risk of your in­vest­ment. How­ever, there’s ev­ery chance that clas­sic cars will con­tinue to rise in value for a num­ber of rea­sons, in­clud­ing very lit­tle sup­ply ver­sus high de­mand from grow­ing economies like China and In­dia. This ex­plains why wealthy in­vestors are getting in­creas­ingly in­ter­ested in clas­sic cars.

Own­ing a clas­sic ve­hi­cle that you can touch, ad­mire and drive on a daily ba­sis is to­tal joy. On the con­trary, own­ing a port­fo­lio of shares doesn’t set the pulse rac­ing in the same way as hav­ing a clas­sic car in your garage which you can drive on de­mand. We all know that money sit­ting in the bank is do­ing just that — sit­ting in the bank — it’s not earn­ing any ex­cit­ing in­ter­est th­ese days.

Many cool, at­ten­tion-grab­bing, sleek clas­sic cars can be had for the price of a new, mod­ern, and face­less one. Whilst most will prob­a­bly not get a Mercedes 300 SL Gull­wing or a Fer­rari Tes­tarossa, you will be sur­prised at what one could get for an af­ford­able price tag.

Per­haps, if I may sug­gest, it’s time to think again about how we’re spend­ing our hard­earned cash and start think­ing a lit­tle bit out­side the square.

Un­til next time — safe driv­ing!

Newspapers in English

Newspapers from Australia

© PressReader. All rights reserved.