How good is it to spot a legit true-blue Aussie legend on the road? There are few sounds better than the deep, chesty growl of a 70s-model V8 taking off at the lights, is there?
We Aussies absolutely love our classic beasts. And, yes, quite a few of the oldies from other countries are pretty nice too. But their perfect mixture of beauty and beast aside, does investing in classic cars eventually lead to a nice payday?
To simplify what could be written as a complete thesis into two words: It might.
The most important factor as to whether you’ll see a decent return is choosing the right car (pretty obvious, isn't it?).
For example, even though it’s an absolutely fantastic choice of car now, deciding on investing in a Mazda CX-5 probably isn’t the best idea. It’s been a top seller in the Aussie market for years so every Tom, Dick and Harry’s got one, so there’s probably never going to be a real ‘rarity’ factor. And, let’s face it, there’s not any real ‘WOW’ factor about them.
On the other hand, we’re already seeing an increased sale price of secondhand 2017 Commodore SS-V Redlines; they’re the last of the iconic Commo SS and most definitely DO have the ‘WOW’ factor.
But it’s not just the type of car you need to take into consideration; it’s also the condition.
Whatever type of classic vehicle you’re thinking about buying as an investment, look for something that offers low k’s - the lower the better - and is in as pristine nick as possible if you want to get the biggest return on your investment.
The bottom line: The right make and model may very well end up making you a pretty penny over a few years as an investment. However, it can prove very difficult to try and identify which make and model is the right one to invest in.
Finance your next classic car with the best in the business
Whether it’s an HQ Monaro, an XY GTHO Phase IV or a more sensibly-priced SLR5000 Torana you’re eyeing to buy, we’re here to make sure the entire car financing process is an absolute breeze. With more than 20 years of experience in the industry, we’ve helped thousands of Aussies secure the financing they needed to get their dream car, and we’ll do exactly the same for you.
Check out what your estimated monthly repayments could look like for your classic car using our car finance calculator. We know you’ll like what you see, and when you do you can either call us to get the ball rolling on 1300 787 288 or apply online in less than 5 minutes flat.
If you’re a little short on time and would like a call back from one of our friendly team members, send us an online enquiry and we’ll be in touch shortly to discuss things further!
Note: Stratton Finance is not an investment firm and as such all investment decisions should be carefully considered and discussed with your accountant and an investment professional.