Why classic cars are great investments
One of the undeniable truths in life, Eugene Bernshtam believes, is that classic cars are great investments. While it takes a considerable amount of time and effort to keep and maintain these timeless machines, the payoffs are well worth it.
The resale value alone for classic cars will make up for all the money spent on them. Take note that countless collectors all over the world would pay top dollar to acquire a well-maintained classic car. What’s more is that as long as these automobiles are well-kept, their values very seldom, if ever, go down.
It is also the reason why car restorers love their jobs. They get old classic cars that would otherwise be considered as junk, work on the vehicles, and sell them for way more than their original value. And with that money, they look for rarer cars still and repeat the process.
However, if selling isn’t an option, then classic car owners can keep their cars and pass it on to their children when they are of age. Doing so teaches children how to take care of precious things such as automobiles (and car care itself).
Finally, for many people, classic cars are quite a social statement. Having one, not only brings joy but pride as well, notes Eugene Bernshtam. Having a slick automobile, which was “the” thing back in decades past, will surely bring a smile to any owner’s face.
Eugene Bernshtam is a real estate developer hailing from Eastern Europe. Today, he is the head of Avalon Holdings, LLC and its affiliated entities. He is very much involved in restoring cars. More on Eugene’s work and hobbies here.
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Image source:
times-age.co.nz
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It is also the reason why car restorers love their jobs. They get old classic cars that would otherwise be considered as junk, work on the vehicles, and sell them for way more than their original value. And with that money, they look for rarer cars still and repeat the process.
 |
Image source:
aarp.org
|
Finally, for many people, classic cars are quite a social statement. Having one, not only brings joy but pride as well, notes Eugene Bernshtam. Having a slick automobile, which was “the” thing back in decades past, will surely bring a smile to any owner’s face.
Eugene Bernshtam is a real estate developer hailing from Eastern Europe. Today, he is the head of Avalon Holdings, LLC and its affiliated entities. He is very much involved in restoring cars. More on Eugene’s work and hobbies here.
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