Investing in Classic Cars

Ron Burkard, a financial planner, shares his passion for classic cars and their potential as investments. He discusses key factors that determine a car's investment value, such as history, rarity, and condition. Ron and his wife, Angie, explore a 1966 Corvette Stingray, highlighting its matching VIN numbers and original parts, which enhance its collectibility. Despite some blemishes, they consider the car a worthwhile investment. Ron emphasizes balancing risk and reward in investments and takes the car for a test drive, showcasing its appeal.

What is Ron's profession?

• Financial Planner

• Car Dealer

• Mechanic

• Real Estate Agent

Why does Ron prefer classic cars over new cars?

• They are cheaper

• They are more fun to drive

• They are easier to maintain

• They can appreciate in value

Which factor is NOT mentioned as important for a car's investment value?

• Color

• Rarity

• Car's history

• Original parts

What specific car model are Ron and Angie interested in?

• 1965 Ford Mustang

• 1966 Corvette Stingray

• 1967 Chevrolet Camaro

• 1968 Dodge Charger

What adds to the collectibility and value of the Corvette?

• New paint job

• Matching numbers

• Modern engine

• Custom interior

What is the estimated value range for a perfect condition Corvette?

• $50,000 to $70,000

• $200,000 to $250,000

• $80,000 to $125,000

• $130,000 to $150,000

What does Ron compare buying the Corvette to?

• Buying a new car

• Buying the cheapest house in an expensive neighborhood

• Buying gold

• Buying stocks

What is Ron's reaction after driving the car?

• He is excited

• He is worried

• He is indifferent

• He is disappointed

What does Ron plan to do after the test drive?

• Sell the car

• Repair the car

• Chart the investment

• Buy another car

What is the main risk associated with investing in classic cars?

• Lack of interest

• High maintenance costs

• Market volatility

• Depreciation