Saturday, October 23, 2021
News Buying old cars is a wise purchase!

Buying old cars is a wise purchase!

Or so are saying Germans banks to their customers that have hundreds of thousands or even millions of euros in liquid assets.

Their prime example used in the discussions is the Porsche 911. Owners of classic 911s have seen the value of their prized possession increase almost eight-fold, or 683%, in value over the past 13 years. Vintage BMWs and Mercedes cars are also high on the list of wise investments.

Obviously, the trick is to buy the right car, at the right time and, most importantly, for the right price. Some of these models were made in relatively small numbers so the level of interest might be equally small. The Porsche 911’s basin of prospective buyers is large as the sports car’s appeal is wide ranging. There’s a potential issue with counterfeit cars as well so proper research is important before purchasing.

In closing, if you have any old Porsche 911 that’s taking up too much room in the garage and it’s for sale, like really cheap, let me know!

Trending Now

The 2022 Honda Passport will Compete in Rally Racing Events in the United States

The rally version will be a lightly modified road going model It will compete in events held by the American Rally Association Honda wants...

The Canadian International AutoShow Happens in February 2022.

The 2021 edition was cancelled due to the pandemic. It will be held at the Metro Toronto Convention Centre. The proposed dates are...

BMW Plant Munich to Go Green

The new BMW i4 electric sedan is made in Munich The company is aiming to reduce emissions caused by production by 80% in...

The Mercedes-AMG One will Enter Production in 2022

The concept was unveiled in 2017, with production scheduled for 2019 It will be powered by technology borrowed from Formula 1 All 275...

Chevrolet Reveals 10-litre 1,004Hp Naturally-Aspirated V8 Engine

This mill is not street-legal. It’s meant for drag racing. Total output 1,004 horsepower and 876 lb.-ft. of torque. We’ve said this before and...
Matt St-Pierre
Trained as an Automotive Technician, Matt has two decades of automotive journalism under his belt. He’s done TV, radio, print and this thing called the internet. He’s an avid collector of many 4-wheeled things, all of them under 1,500 kg, holds a recently expired racing license and is a father of two. Life is beautiful. Send Matt an emai

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.