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Closeup of a red classic car

Are Classic Cars a Good Investment? What You Need to Know Before Buying

Markets & Investing // Media // Blog Article

Childhood nostalgia meets investment reality—here's what financial advisors and clients need to understand about passion investing in vintage vehicles.

Classic cars appreciated 25% in 2022, making them the second-highest passion investment for high-net-worth individuals globally. But is a vintage vehicle right for your financial plan? In this Globe and Mail feature, I explore the real costs of ownership beyond the purchase price:

  • Temperature-controlled storage: Hundreds per month
  • Specialized mechanics: Increasingly rare and expensive
  • Insurance requirements: Not your standard policy
  • Restoration costs: Often exceed expectations by 2-3x

The bottom line? Classic cars are rarely about ROI—they're about joy, nostalgia, and legacy. I help clients understand whether they're buying as an enthusiast or a collector, and how to make room for passion investments without derailing long-term goals.

Read the full Globe and Mail article here →

Published October 2023

Tag Cloud
Alternative Investments // Classic Car Investment // Passion Investing // Vintage Car Ownership Costs // Financial Planning for Collectors
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