Car shoppers and enthusiasts are always on the look-out for fresh concept cars and new production cars that are fitted with the latest technologies and a full suite of features that promote comfort and efficiency. The practice is never surprising- new production cars on the block are brand new, fun to drive around and an investment in itself. But there’s another group of car buyers who see things in a different light.
When it comes to investing in cars, the idea is to look for classic and vintage cars. Classic cars are ‘older vehicles’ that are usually 30 to 39 years old, and are deemed great for restoration and customization jobs than an outright scrapping. This form of investment is starting to gain ground once again after a blip in the 1980s, thanks to an increase in value from 2005 to 2013. Last year, according to the Historic Automobile Group International or HAGI, value of historic cars have increased y 12 percent. So is it time to join the bandwagon and invest in a popular vintage as well? Although classic cars are great to own and drive, it’s still best to research and one step is to know some of the best classic cars to buy as an investment.
1. BMW E30 M3
It was in mid 1980s that BMW issued its first batch of BMW E30 M3, but up until this time this model has continued to charm enthusiasts and industry observers alike. The reasons for liking this model are obvious- the first generation M3 is an all-around vehicle, powered by the 192-horsepower 2.4-liter 4-cylinder engine that can work on the strip or in demanding road conditions. Don’t forget the hip 1980s styling on the E30 that makes it’s a solid choice for car owners who love to fuse performance, dependability and attitude. But be prepared to pay a premium for a classic E30 in the market right now. There’s one reported sale of the E30 for a cool $58,000. Now, are you ready to spend this much for a future classic like BMW E30 M3?