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In fact, most finance experts will agree that cars depreciate over time and are typically not good investments.
Here are five rides to considerinvesting in to build wealth.
First, you might buy a car that would typically be expensive, but it needs work.
Once you invest money in the car by fixing it up, it will make you a profit.
A collectible car is one that increases in value over time because collectors consider it valuable.
There were limited cars released, in a few different versions, over the following 17 years.
Those cars remain in high demand today, across generations.
1969 Chevrolet Corvette
There are a couple of Chevy Corvettes that are considered classics.
And that first Mustang Shelby has only gotten more valuable over time.
The average sale price puts it well over $100,000.
Its a reliable investment for sure, and its fun to work on if youre a gearhead.
Classic 1970 Dodge Challenger
The Challenger was Dodges answer to Fords Shelby Mustang and Chevys Impala.
In 1970, Dodge released this muscle car and it has remained a classic ever since.
It has sold for as much as $559,995, with the average price hovering around $80,000.
Its loud, proud, and its a beast of a car compared to its competitors.
It would be a fun purchase, especially if you might get one to fix up and restore.
Popular British celebrities often drive these cars as they evoke feelings of English poshness.
The Valkyrie starts at $3 million and goes up from there.
Theleast expensive modelsare the newer ones.
The 2024 DB11 sells for about $217,000, and thats a steal.
You will likely never have to worry about losing money with this car.
Youll want to do your research, have a mechanic check the car and consider your long-term goals.
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