Investing in Classic Muscle Cars
We would be happy to put together a classic auto investment package for you. With the stock market down and 401K out of reach, classic cars are a fun way to invest. You will find your return is very good in a short amount of time. Plus, having this car around will be enjoyable for your family.
Here is an example of a good investment:
1966 Mustang Convertible 289 V8 Purchase condition: Drivable, good body exterior and poor interior, good top.
Purchase price: $8500
Needs:
- $450 New tires
- $500 Engine tune-up and detail
- $2000 New interior seats and carpet
- $2000 Minor bodywork and new paint
- $250 Undercarriage detail
- $500 Miscellaneous parts and labor (for the little things)
Estimated Sale Value: $22,500
Total Investment: -$14,200
Estimated Profit: $8,300
Estimated time from purchase to sold: 3-4 Weeks