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Buying a future classic
I can't bear to invest in stocks or property so am looking to an investable classic - one to cherish, use and pass through to our kids. I'm thinking Aston DB6 Vantage, original Vanquish S or something quirky and limited such as a Ferrari 430 Spider 16M. What do you recommend?
Asked on 24 May 2016 by
Answered by
Honest John
The biggest percentage gains are in predicting the next leap so investing in an AMV8 10years ago will have brought a 500 per cent return. But investing in a good DB6 five years ago will have brought a £200k return. So you need to watch what these things have done like you watch stocks, and only go by published auction prices not by rumour because tax has to be paid on auction prices achieved and any fraud is a crime.
Tags:
modern classics
classic cars
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