This is the season when automakers are outdoing each other with releases of the models updating last year's flagships. There is, for instance, the outstanding 2016 BMW convertible, reported by HNGN earlier. Enthusiasts who are concerned with the utility or the aesthetics of an automobile await this period with great anticipation. But if you are one of those who view cars as an investment or an acquisition to be collected - one that increases in value over time, you might want to take a look at some oldies that are currently undervalued but are poised to cost more money later on.
For instance, there is the case of the Lamborghini Countach, which cost less than $100,000 a few years back. It hit the market during the 1970s and became an icon throughout the 1980s. The car is poised to rack up more money in the market because: 1) it is rare; and, 2) 1980s collectibles sell for around $300,000 while earlier models now cost $1 million these days, according to Popular Mechanic.
There is also the Porsche 911 sold during the 1980s. Earlier, these models fetched a price tag of just $8,000 or so. Now, they are being snapped up in recent auctions for around $25,000. A Porsche 911 1973 2.7 RS was sold at a staggering $891,000.
There are several other early car models being sold at bargain pirces in the market today. The key is to identify characteristics that will make an automobile a future classic. Also, it is tied to the dynamics of global financial health. Presently, fewer classic cars are bought with borrowed money and owners are also more educated leading to less compulsion of selling a car at a loss, according to Car Magazine.
