Collector cars, in a layman’s language, are those cars that were made more than 30 years back. They are believed to be very expensive, yet the craze for collector cars has risen considerably with time since most people nowadays have a sufficiently good disposable income and they can afford to buy those special cars which had been their fancy some years back.
What collectors look for in a collector car is its rarity, uniqueness, desirability, affordability and most importantly, the psychological value it carries in the form of status symbol. Owners of collector car auctions claim that while profit can never be guaranteed for any investment, collector car prices are constantly increasing by 5 to 15 percent annually. Continue reading