In this time of year automakers often try to outdo each other by releasing newer models updating the flagships of the previous year. There are some clients that might view cars as an investment or a collectible acquisition that will increase in value over time. These investors might want to consider looking at older models that are currently undervalued but predicted to go up in value over time. This article mentions older classic models like the Lamborghini Countach or the Porsche 911. The key to investing in older car models is being able to identify characteristics that will make that automobile a future classic.
See Roland McMillan, Should Your Clients Add Classic Cars to Their Portfolios?, Trust Advisor, October 19, 2015.
Special thanks to Jim Hillhouse for bringing this article to my attention.
