Can a car be a sound investment in your financial portfolio? Should you diversify your garage as much as your holdings?
For the automotive enthusiast, one way to diversify an investment portfolio is indeed to start collecting classic cars.
Most cars lose value immediately after they are driven off the dealer lot, but classic cars gain in value over time, due to rarity, performance, or special attributes. Classic cars, in general, gain in value more than other types of collectibles, although cars are more high-maintenance and more complicated to store than say stamps or comic books. The right classic cars can be valued into the several millions of dollars.
So, investing in collector cars, or collector cars as a form of an investment - If you’re going to buy with profit in mind, you really need have to know what you’re talking about…
In this episode, we welcome the founder of Expat Motors, Sonny Bains, to the show. Sonny has over 20 years' experience in the Automotive industry and he applies insight and analytical experience to the collector car market, and today he shares his perspective on investing in collector cars as an option and what that would look like to the average expat person.
Listen to the full interview here on the Buzzsprout hosting site or on all major podcast directories.
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Amber Waheed, is the author of 'The Great Fraud Fightback' in which she shares her story, lessons learnt and advice on winning a landmark court case in Dubai against financial advisory fraud.