Most car buyers do not consider buying a new car an investment. In fact, most of us expect our cherished cars to depreciate over time. However, there are some classic cars that can actually earn you a lot of money!
Cars that have proven to be excellent investments come in many shapes and sizes, from classic Ferraris of the 1960s to less obvious possibilities like the German minibus. Some of the vehicles on this list are sure to be appreciated more!
1. Ferrari 250 GTO: $70 Million
What could be faster than the legendary Ferrari 250 GTO? Its value is rising and it seems to be increasing. What was once a grand tourer is now famous for its incredible price history. Ferrari made only 36 of these pieces in total, and collectors are willing to pay top dollar for one of the rarer pieces.
The 250 GTO cost $18,000 in 1962, or $153,000 today adjusted for inflation. The car itself is now worth tens of millions of dollars. This 250 GTO sold at auction for $70 million in 2018!