Prime 10 basic automobiles which can be a greater funding than gold

If you are thinking of investing, it is unlikely that you would look for a “classic” car first.

However, research by Vanarama has found that the value of an average affordable classic car increases 97 percent (£ 14,416) over a decade.

As part of their analysis, Vanarama analyzed 15 affordable classic cars (models that cost less than £ 15,000) and tracked their value between 2010 and 2020 using data from classic car specialist Hagerty.

This then revealed the top 10 classic cars to make a profit on in your garage:

Best performing of all models was the stunning 1961 Volvo P1800, which has increased in value by £ 21,569 over the past 10 years.

In second place is the 1983 Land Rover Defender 110. If you buy it for an average price of £ 13,697, you should make a whopping £ 15,464 profit in 10 years.

The all-time favorite, the Volkswagen Beetle came in third, doubling its value by £ 10,285, while the legendary 1968 Ford Mustang GT followed closely with a profit of £ 9,884.

To highlight the profit potential, Vanarama also compared classic cars with traditional investments:

  1. Shares + 107 percent
  2. Classic cars +97 percent
  3. British real estate + 50 percent
  4. Art +49 percent
  5. Gold +45 percent
  6. Average UK savings account + 3 percent

Have you invested in a classic car? Let us know in the comments if you have what make and model.

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