Also in this playlist...
This transcript is automatically generated
How exactly Osi gonna happen -- make your best guess on Twitter -- sticking with upbeat investments cool all the cars are becoming a hot new investment.
And if you really leveled the rides there is big money to be made but before you get behind -- -- there are some basic road rules to investing in these babies John Hennessey.
Tennessee performance great to see you again John -- coming back to the show.
What -- basically rules what do you need to know before you try and invest in this industry.
I think the first -- is is invest in a car looked at a car that.
You have a connection with the you have an interest and maybe was a car -- you grow your parents had when you're growing up or a vehicle by your grandparents.
Had way back when but up.
Outlaw it and suddenly there's color -- a good investment -- mean what -- -- pat what of that type of things that would really appreciate.
You know that the cut the cards that are really appreciating now I think that have the greatest potential upside.
For the cars that she can go in the muscle car from back in the sixties.
Yank a primary goes -- Shelby cobra us.
The Shelby mustangs things like that you could you buy those cars.
In the thirty 50000 dollar range maybe hardly worth you know.
Who knows what the future but I like to start with -- the simple not not with the million dollar cars necessarily what.
Basic rules that make things more valuable I mean I don't know anything about this is it do you -- to have all the original equipment should -- be restored to.
You know what what it was what -- things that you look for.
Well certainly having the numbers match having lived a good vin number from the vehicle -- and have the actual engine that belong in that car when was -- -- Very important if you've got a non matching numbers car.
It's worth significantly less and I would suggest anybody that's kinda new to this game certainly use outside resources use.
A proper car appraiser come to note exactly what you're getting before -- -- checked.
What can what do you shy away from I mean what is a bad investment when you're out looking at vintage cars.
Well I mean you want to know exactly what you're getting would say the cards that are referred to in the industry.
So car that was that's built to look like.
Shelby GT 350 mustang.
But it's not an actual car with something that somebody had built to make it look like that you wanna make sure that you're buying of the -- -- that's that's very.
When you buy what is -- you wanna avoid driving it I mean does it make it -- classic you're out driving around.
It depends I mean a perfect car a car that would be like museum quality you you probably wouldn't want to drive it very much.
My personal opinion is is is you know if you're -- in the cars and you ensure that the -- driving it.
Drive it anyway and a lot of guys like Jay Leno and other collectors with cars that are worth.
Millions of millions of dollars -- still drive them anyway.
And with their mindset -- worst case scenario if I go out to -- -- -- I crashed her in the Morris for races.
I can rebuild the car -- and so what me personally I say I step on what that.
What kind of appreciation can you expect you -- really expensive car that that has all the -- for your ark came out.
I'll give -- a great example in 1986 they just moved to Houston there was a car there was a car called the Mercedes.
Three Internet sold called the -- winning -- it was being sold -- an auction if NASA don't know what for 60000 dollars which I thought was is that.
Crazy amount of money way back then today those -- -- selling for millions like I asked are you at times twenty appreciation.
That's amazing job thanks coming on the show appreciate it.
Thanks -- now.
Filter by section