Hardly anyone earns money with their classic car
02/29/2016
Over the last decade, much has been written about classic cars as an investment and the daily press likes to extol the image of a booming classic car market. Price records are celebrated and some vehicle types seem to increase by double-digit percentages year after year. But this is perhaps only one side of the coin. On the other side are the owners of old cars who buy or sell one every now and then and look after them and keep them on the road. Does this really make them wealthier?
We asked Zwischengas readers and the answers show that only 17% of respondents think that they have earned money with their cars in the last ten to twenty years.
The majority of classic car owners, however, or around 82%, have made extra money, although there are some nuances here, as the precise analysis of the answers shows:
What is in principle obvious is confirmed here. Most of us do not own a Ferrari 250 GTO or BMW 507, but classic cars such as the Alfa Spider, the MG B, the Renault 4CV or the Opel Kadett. These also increase in value, but if 10,000 then become 20,000 euros (or francs), this is not nearly enough to cover maintenance and upkeep costs.
We have already asked the next question of the week, this time about whether we carry modern accessories in our old cars and what they are.
The results of the previous questions of the week can all be found in a dedicated topic channel.
