With interest rates hovering at around 0.5 per cent, theres very little point in
keeping cash in the bank at the moment. Its no surprise the truly savvy investors
are opting to sink their hard earned money into alternatives at the moment,
including classic cars.
The theory is that you can buy the car, drive it and enjoy it, then sell it years later
at a profit. Certain classic cars are now generating considerably more profit than
placing your money in the bank. A report from Coutts saw values of some classic
cars rise by an astonishing 257 per cent between 2005 and 2013.
But whats the secret of investing in a classic? Here at Aston Workshop we have a
unique & valuable insight into the market place for Aston Martin.
Here a few top tips to get you started finding your perfect investment.
The right brand When new, owning an Aston Martin demonstrated that the
owner was wealthy, had good taste and appreciated the finest craftsmanship. Each
car was unique when it was first made and no two cars were built the same. These
qualities remain and this is why the Aston Martin has a special and important place
among the best of automotive art and engineering.
Use an expert - Don't skimp. Unless you have great knowledge of the car, pay an
expert to do the "bumper-to-bumper" health check before you buy any investment
car. Even better, get them to do the hard work and find you one. We have a
worldwide client base and network of contacts inside and out of the motor trade
and this gives us an excellent chance of finding, restoring and creating the perfect
car for you, fashioned, recreated, lovingly restored to better than new.
Read our customer comments visiting the link below
Limited numbers Look out for the rare models, a car with a limited production
run will surely give you a greater reward in the future. Also keep an eye out for
limited edition versions of cars too. Aston Martin cars have always been made in
very limited numbers. These cars seldom come up for sale and over 80% of all
Aston Martin ever made survive.
Find an automotive legend James Bonds iconic 1965 Aston Martin DB5 complete
with a host of Qs villain-busting gadgets fetched a staggering 3 million at RM
Auctions. If a car has been owned by someone famous, or played a starring role in
TV or films then its likely to push the value up even higher. A car used in
motorsport will also be likely to get a high price at auction.
Buy at the right time Aston Workshop can suggest popular models to look for and
invest in but also suggest attractively priced alternatives that can be expected to
start growing in value strongly over the coming years.
A great example is the standard [non-S] version of the Aston Martin Vanquish.
Anyone who put their money into the car around 2008 or 2009 would have
purchased it at its lowest value. Its now starting to creep up in value, much to the
delight of owners.
Check the barn Forgotten about under cobwebs or left untouched languishing
under a thick layer of dust, is a rare, once in a life opportunity for someone with
optimism, imagination and conviction. These original Aston Martins have usually
been in the hands of their owner for many years, and free from molestation they
present a fabulous opportunity to revive a part motoring history. An Aston Martin
DB5 that had sat in a barn for nearly 30 years recently sold for 320,700 the
owner paid 1,500 for it in 1972.
For a more informed view of the Aston Martin market, Aston Workshop has put
together a guide that can be viewed here http://issuu.com/astonworkshop/docs/
investment_latest_layout_1?e=1449217/1341960. Please also visit http://
www.astonrestorations.com/ or http://www.astonbespoke.com/ to read more
about our restorations.