Reader Question: Classic Cars as a Store of Value?

Print Friendly, PDF & Email

Here’s the latest reader question, along with my reply! 

Yvonne asks: I’m worried about the value – the buying power – of my cash savings being eaten away by inflation and am thinking about buying a classic car as a way to hedge against that. What are your thoughts about this as a strategy to preserve wealth?

My reply: I think it’s a very sound strategy to have tangible assets of fungible value – meaning, things which are valuable as such and which can be exchanged for other things of value.

A classic car is generally a sound investment, in normal times. They are collectible, like art – and it is probable they will always be so, like art. Assuming normal times. But we live in abnormal times and the value of collectible things may go down, a lot. As much as a ’70 Hemi ‘Cuda is a beautiful thing it is also a useless thing in a Weimar Germany/Venezuela today scenario. It is not useful for transportation, even.

That said, an older vehicle that’s useful and practical could be extremely valuable – as well as fungible. Any car that is simple to maintain, that is very fuel efficient – and perhaps can run on a variety of fuels, as is the case with older diesel-powered cars. A truck that is capable of performing work is another good one.

Both are also probably safe ones – in that it’s not likely you’ll money buying either. Worst case – things settle out/chaos does not ensue – you could always sell them and get back whatever you spent, or close to it.

The main thing here is to focus on daily-driver vehicles – not show cars/trailer queens. Those are fine to collect – and they can appreciate in value, often a lot. But in a worst case scenario, they’re probably not going to be worth much.

. . . 

Got a question about cars, Libertarian politics – or anything else? Click on the “ask Eric” link and send ’em in!

If you like what you’ve found here please consider supporting EPautos. 

We depend on you to keep the wheels turning! 

Our donate button is here.

 If you prefer not to use PayPal, our mailing address is:

721 Hummingbird Lane SE
Copper Hill, VA 24079

PS: Get an EPautos magnet or sticker or coaster in return for a $20 or more one-time donation or a $10 or more monthly recurring donation. (Please be sure to tell us you want a magnet or sticker or coaster – and also, provide an address, so we know where to mail the thing!)

My eBook about car buying (new and used) is also available for your favorite price – free! Click here.  If that fails, email me at [email protected] and I will send you a copy directly!


Share Button


  1. Hey Ya Eric!
    Much as I love classic cars and would love to be driving one, personally, I don’t think they are going to be a hdge against inflation as they were in the past. The price to purchase such cars is about the highest it’s ever been, and the real-life market has been kinda stagnant for quite some time. I think that we are going to start seeing a steady drop in prices very soon, as the generation who comprise the majority of people who are interested in such cars, and have the wealth to pay a lot of money for ’em, are dying off, and not being replaced -as the younger generation tends not to have the interest nor the wealth.
    I do agree that buying a reasonably-priced old car(s) to just drive (as opposed to newer cars) is a good idea, of course, but I think Yvonne is looking for something that will be an investment…which a daily driver is not.


Please enter your comment!
Please enter your name here