News German Banker Suggests Classic Cars as Investment

18:29  12 july  2018
18:29  12 july  2018 Source:   autotrader.ca

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Now a new report says that bankers in Germany are suggesting an alternative we can really get behind: classic German cars . Berner added that after the 2008 financial crisis, more people were looking for alternative investments . That's sent the price of things like art, wine, and classic cars up.

German banks suggest adding a classic car to your investment mix. By yemmit On Jul 11, 2018.

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With interest rates at banks low, investors are looking for stable alternatives to build their money. Now a new report says that bankers in Germany are suggesting an alternative we can really get behind: classic German cars.

Jens Berner, a vintage car expert for Suedwestbank AG, told Bloomberg that "for customers with more than one million euros in liquid assets, a classic car can be an attractive addition to their portfolio in terms of yield and value stability." Berner added that after the 2008 financial crisis, more people were looking for alternative investments. That's sent the price of things like art, wine, and classic cars up.

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German banks suggest adding a classic car to your investment mix. German cars , Porsches especially, have outperformed the stock market. Bloomberg reports that German banks are now recommending investors buy classic German cars .

Filed under: Car Buying, Classics . German banks are recommending investors buy classic German cars .

To let customers know how classics compared with other investments, the bank started a classic car investment index. It's made up of vehicles at least 30 years old from manufacturers in southern Germany, where the bank is based. From 2005 to 2018, the index quadrupled. That's much better than the doubling (204% gain) that Germany's main stock index saw in the same time.

Highlights in the index included classic air-cooled Porsche 911s. Anyone shopping for one of those cars has seen the massive price increase in the last few years. The index highlighted them as particularly attractive investments, up nearly 700 percent (683%) in the last 13 years.

But be careful. If a car starts to gain in value, counterfeits start to show up. Like base models becoming 911 Turbos, or turning a single car into two with spare parts. If you're looking at big dollar cars, an expert could be well worth your time, Berner advises.

The best part of a classic as an investment is that you get to admire it and drive it. Something you can't really do with a stock certificate.

An Inside Look at the Cars of the Petersen Automotive Museum .
VIDEO: Check out one of the most valuable automotive collections in the world.If you have an interest in cars, you will love visiting the Petersen Automotive Museum. The museum is located at 6060 Wilshire Boulevard in Los Angeles, California. They regularly host special exhibits, including "Art of Bugatti" and "70 Years of Ferrari". There's something for everyone inside of the museum, including classic cars, hot rods and exotic cars you will likely never see anywhere else in the world on public display.

Source: http://ca.pressfrom.com/autos/news/-83378-german-banker-suggests-classic-cars-as-investment/

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