Classic cars forum & vehicle restoration.

[gresham flyer]

Now that the over 55`s can get at their pension pot, and which realistically is not growing very well at this moment in time, I wonder where else people will look to put their money.

The shrewd investor will be looking at somewhere better than the normal financial institutions to put their money.

It has been reported lately in the financial press that vintage and classic cars have been the best investment over the last 5 years.
Better than gold, wine, property etc .

I speak to a lot of folk who do not own a classic car or do not have the money at this time in their lives to own one.
They tell me that as soon as their company or self employed pension matures they would love to recapture the past times in their lives and purchase a classic car.

Now the government has made getting at your money easier will this push up the demand for items like classic cars, vintage motorcycles, classic campervans, classic caravans etc etc.

I have a friend who is chomping at the bit waiting until he is 60 when he gets a payout from his pension pot to purchase a classic car.

Will he now be beating down my garage door to purchase one of my cars he so much loves.?

I would rather have something like this Rover ( not my car ) sitting in my garage, than my investment being traded on the stock market by a young financial wiz kid buying cocoa beans.

G.F



_________________
Austin A30 / A35 Van.
Austin Devon.
Morris Minors.
Jaguars.
Rootes Cars.
MG.
Etc.



Viking Fibreline Caravan.
Cheltenham Sable
Shorts Built Vintage Caravan 1936.

[baconsdozen]

I wonder if more influence from this budget on the price of classic cars will be the intro of a rolling tax exemption.
_________________
Thirty years selling imperial hand tools for old machinery(Now happily retired).

[Riley Blue]

I deal in shares via an on-line stock broker. Made £187 yesterday just by clicking a few buttons, took all of 30 seconds
_________________
David

1963 Riley 1.5
1965 Riley 1.5

[colwyn500]

As a "just turned 55" with a small"pension pot" I will definitely cash-in next April and get a new hood for my cabriolet.

[gresham flyer]

Two good examples of using your own intuition to improve on your hard earned money.

One person investing in shares another investing in his car.

When I was an apprentice earning £5.00 a week an older wiser tradesman told me " Boy you have to work hard to earn your money, make it work hard for you." He was right and I took it on board.

As for the rolling tax on vehicles I only have pre 1972 vehicles so it does not affect me.


G.F
_________________
Austin A30 / A35 Van.
Austin Devon.
Morris Minors.
Jaguars.
Rootes Cars.
MG.
Etc.



Viking Fibreline Caravan.
Cheltenham Sable
Shorts Built Vintage Caravan 1936.

[Riley Blue]

I'll be 65 in November. I've been paying in to a personal pension for many years and part of my 'pot' will go towards the restoration of my second Riley 1.5 - though it won't be original and it isn't intended to be an investment; it's for me to terrorise the roads of Derbyshire in my dotage
_________________
David

1963 Riley 1.5
1965 Riley 1.5

[mikeC]

Here's a good one to put your money in - it shouldn't take too much work to double your money!

http://www.prewarcar.com/index.php?option=com_caradvert&view=ad&section_id=4&id=93703&Itemid=434

[gresham flyer]

I hope investors are not going to cash in their pension funds and think a classic car is a quick way to make money.


I have been interested in vintage and classic vehicles because I like to have them around me and the lifestyle is a bit different to the norm.

If along the way they have risen in value that only helps fuel my passion of classic cars and helps sell a vehicle and purchase a better model of car I thought I would never own as a young lad.

I do hope the investors do not spoil our hobby like they did in the late 1980`s.

At least with older vehicles you do not have the depreciation that comes with buying modern vehicles.

I look at it as a form of recycling....I use less energy restoring an old vehicle and putting it back on the road than a factory does building a new one.

G.f
_________________
Austin A30 / A35 Van.
Austin Devon.
Morris Minors.
Jaguars.
Rootes Cars.
MG.
Etc.



Viking Fibreline Caravan.
Cheltenham Sable
Shorts Built Vintage Caravan 1936.

[JR FLYWHEEL]

Any free cash that i can get my grubby mits around, will certainly go on classic cars.

I'll certainly do my bit to keep this wonderful industry ticking over.

[lowdrag]

Get in quick now before they encash and the prices go even more stratospheric than they are at the moment! It has a certain ring does "driving my pension", doesn't it?