One need to look no farther than the latest Barrett-Jackson Auction to realize that classic, vintage, and muscle car prices are at an all-time high. Buying a used car in this economic climate can be about much more than simply saving money; it could involve a very secure opportunity for investment. It may surprise you to discover that many reputable used car firms and used car websites are loaded with classic, vintage, and muscle cars. A well prepared investor, with the tools that are available in the current classic car market, is more than capable of locating an investment vehicle that could easily multiply in value over a relatively short period of time.
Whether you want to restore a classic, vintage, or muscle car or buy one that has already been restored, knowing which vehicle are the most sought after and valuable puts you, as a used car buyer, at an extraordinary advantage.
Among the classic European used cars, the 1955 through 1964 Mercedes-Benz 300SL and 190SL models are popular, as are the 1948 through 1965 Porsche 356 and 1966 through 1974 Porsche 911 models. With careful research and just a little patience an investor could multiply his investment ten times over. Many used car websites are writhing with these types of vehicles, as owners are desperate to sell. More frequently than not these cars are undervalued. If you know how to do your homework, you are willing to check the numbers from car to car, and you are able to make an informed firm decision, then you could drive away in a gold-mine. The early Porsche 356 models, in particular can be had for a song, with excellent return on your investment at resale.
Pre World War II automobiles are becoming more and more popular, though they have not reached the lofty heights of either the classic or muscle cars. Astonishingly, many of these types of used cars can be found through reputable dealers and used car websites. A vintage automobile, which has been restored, certified, and shown well, can easily multiply in value over a few years. Cadillacs, Fords, Chevrolets, and even Packards from the 1920s, 1930s, and 1940s are available in various levels of restoration. Obviously, by purchasing a used car that requires some degree of future restoration and then putting the vehicle back in show quality condition, you can save on the purchase and rake in the cash on the resale.
The most secure investment opportunity available in the used car market is found in muscle cars. Those big, beautiful, fuel guzzling 1950s, 1960s, and 1970s Camaros, Mustangs, GTOs, Skylarks, and Barracudas, that everyone loves have made quite a comeback in recent years, shattering records on the auction block and making sharp used car investor extremely wealthy in the process. In January a 1967 Corvette L88, which was originally sold for less than $5000, set a new Barrett-Jackson auction record of $3.5-million during a live Fox Sports broadcast event. These types of cars are sitting in used car dealers garages and they are waiting for you on used car websites. The question is: Are you ready to get behind the wheel of a sound investment?