Owning a collectible classic car can be a rewarding hobby and a solid investment if you buy the right vehicle. A classic car insurance agent is often asked which vintage cars offer the best return. Here are some of the greatest classic car investments you should consider.
The Most Coveted 1960s Ferrari
When it comes to valuables that steadily gain worth, it’s hard to beat a 1960s-era Ferrari 250 GT, widely considered one of the most investable vintage cars. According to My Art Broker, Ferrari produced only 350 of these luxurious grand touring roadsters between 1959 and 1963. Their sleek styling, race-bred V12 engine, and scarcity make them ultra-desirable acquisitions. Well-maintained Ferrari 250 GTs routinely auction for over $2 million today – a massive increase over their original $14,000 sticker price.
1970s Era Muscle Cars
If a quarter-million dollar Ferrari is out of your price range, certain 1970s American muscle cars have proven to be strong classic car investments. Prime examples include the 1970 Chevelle SS, 1969 Pontiac Firebird, 1970 Dodge Challenger, and 1970 Plymouth ‘Cuda. These high-performance coupes combine vintage styling with power and speed. As an in-demand slice of automotive history, they’ve steadily gained value over decades. Finding one in good shape takes effort but offers serious ROI potential.
Quirky VW Buses
For a more practical and affordable option, you can’t go wrong with an iconic Volkswagen Type 2 Microbus from the 1950s through the 70s. With their quirky retro look and rich hippie-era associations, VW buses are perennial favorites among collectors and investors. A classic car insurance agent states that split-window and bay-window models appreciate significantly, sometimes selling for 10 times their original price. Make sure to find one that is in good working order.
No matter what type of classic you buy, Ferrari, muscle car, or VW bus – be sure to get proper insurance coverage. The right policy will protect your cherished investment from damage and liability claims. With any collector vehicle, always keep it garaged in controlled conditions, and limit mileage to preserve value. With care and prudent driving, your classic car purchase should provide lasting enjoyment and financial returns for years to come. If you need a classic cat insurance agent, look no further than AOA West.