Maybe, but some are making a lot of money from them.john ruston wrote:What does that last post mean?
As soon as people mention investment and yield run the other way.
Cars should be bought as toys and people who consider them investment are crazy.
Go to the right bank to borrow a few million to buy a classic car, after a couple of years tell the bank you want a payment holiday, "no problem sir, we'll roll the repayments up into a balloon payment that you pay when you sell the car".
I had a chat with Richard Hudson-Evans at CLM, he is employed to inspect cars for the finance houses. He had been sent to assess an Aston Martin at a storage facility. The car was under a cover and had been there, untouched for 5 years since bought at auction. He found the auction catalogue and invoice in a plastic bag in the boot.
That's mad!
