Collecting classic cars can be a fun, rewarding, and potentially lucrative hobby. However, certain vehicles are considered better investments than others. Thus far in 2020, experts rate the following as some of the most optimal classic car investment opportunities:
Dodge Viper
Classic car enthusiasts suggest that Dodge Vipers built between 1996 and 2002 are ideal choices because these vehicles are equipped with strong V10, 450 horsepower engines and are easy to drive.
Vector M12
The Vector M12 is favored by classic car experts for several reasons. First, this type of automobile is quite rare. Fewer than 18 of these cars were produced between 1996 and 1999. Moreover, the automobile boasts a V12 engine equipped with 492 horsepower possessing the potential to reach 60 miles per hour in less than five seconds.
Mid-1990s Range Rovers
These sports utility vehicles constructed towards the middle of the previous century’s last decade carries a V8 engine charged with 181 horsepower. These Range Rovers were amongst the prototypes for the powerful, sleek designs of similar vehicles built today.
Porsche 914
Car enthusiasts recommend investing in Porsche 914 models constructed between 1970 and 1976. These cars are popular for their sleek look, prestige and fast speeds. However, favored features on these models in particular include pop-up headlights and a low riding stance.
Volkswagen Corrado
These cars rank high amongst classic car enthusiasts because of their supercharged, eight-valve, four-cylinder engine. Additionally, the VW Corrado models built between 1990 and 1995 were considered Volkswagen’s attempt at erecting sports cars similar to other notable German automobile manufacturers like Porsche, Mercedes-Benz and Bavarian Motor Works, more commonly abbreviated as BMW.
Ferrari 360
The Ferrari 360, which was constructed between 1999 and 2005, is the first vehicle the famous sports car company’s engineers built out of aluminum. This lighter-weighted metal makes the vehicle easier to guide at higher speeds.
Considerations When Purchasing A Classic Car
Prior to purchasing a classic car, prospective buyers are encouraged to execute the following precautions, obtaining a thorough inspection from a reputable mechanic, research insurance costs as the expense to cover some classic cars can be astronomical, consider maintenance costs because parts and repairs can be hidden but significant expenses and avoid any vehicle that displays any discernible amount of rust or other notable wear.