Is investing in the classic car market the next big thing? If so, is it right for you?
With TV shows about finding, fixing and flipping classic vehicles all the rage right now, it’s no surprise that investors burned by the real estate crash who are looking for a new get-rich-quick scheme are finding this one: A classic car offers the lure of a hefty potential profit, with a far smaller outlay of capital than a house requires. But is it a good investment — something you should consider to help diversify your portfolio?
If you’re thinking about investing in a classic car, you don’t want to lose your shirt in the process. Here are some things to consider before you take possession of a pink slip:
Don’t Invest in a Classic Car on Impulse
“Never buy a classic car on a whim,” says Ryan G...Read More