We at Coronet Dodge appreciate the beauty of classic cars. We also appreciate the people who have the determination to keep their car well maintained and plan for the car’s future as a classic car. So what makes a car a collectible?
There was a report released from experts at Hagerty Classic Car Insurance which looked at collectability of vehicles to determine which cars of today may be a good investment.
Hagerty President McKeel Hagerty states that the simplest form of being collectible is when a car is “the fun car you don’t have to have.”
From a value standpoint, the car becomes recognized as a collectible once it has fully depreciated and then starts to increase in value. Eventually the value will increase past the original purchase price and then be fully collectible. This process usually takes about 25 years. However, some enthusiast-oriented vehicles take less time.
Recently, a team of analysts assembled to create a list of the 2016 models most likely to increase in value over time. This is often driven by rarity, beauty, and enhanced performance.
One of the vehicles that made the list due to its limited-edition and higher trim levels is the Dodge Viper ACR Extreme.
If you are considering purchasing a car to become a classic, the Dodge Viper ACR Extreme is a great vehicle to consider. It is fun to drive, and valued for its performance and drivability appeal. If you maintain your vehicle and are willing to wait, your investment may pay off in future monetary gains.
Don’t be afraid to drive your car, as you need to appreciate the fun factor and enjoy ownership of the Dodge Viper ACR. Just keep it maintained and its value will steadily increase.
