TMCP #552: Ask Rick – Is it Wise (or Possible) to Have Collector Cars as Your Retirement Investment?

It is September and football is back!!! It is also time for another riveting Ask Rick segment were I ask him the tough questions that not everyone wants to hear. As always Rick delivers sage advice and wisdom founded in years of buying and selling classic vehicles. When it comes to cars as investment, possibly a with a great ROI, Rick has strong opinions and advice here. Can it be done? Short answer; yes! Should it be done? Long answer……maybe.

As with all things, it depends what you understand and where you can make your gain on the purchase of the car initially. For Rick and his dad, their collection has immense value today of course, but every car in inventory was chosen for it’s specialness to the Schmidt’s not as a hedge on a great investment. They chose high quality low mile original cars and didn’t just stick to muscle cars. Their collection has many examples of unique rare American cars that have less than 1000 miles (think Rivieras, Eldorado’s, and Lincoln’s).. Some have interiors with the delivery plastic still in place! Others are beautifully restored treasures. Today, it’s paid off. Technically, it could payoff if they ever chose to sell….which they almost never do!

TMCP #548: Ask Rick – How To Know If You Have The Best Insurance For Your Classic Car

It is August and time for hot August nights and some of the greatest car shows ever! Thousands of people will dig out their cherished vehicles this month and attend massive gatherings such as the Woodward Dream Cruise. When you get that many people in once place accidents will happen and you need to make sure your insurance is correct. In this edition of Ask Rick, I inquire as to what insurance Rick uses and how he knows it will cover his needs. It’s a boring topic…but one we all need to get right more than ever.

TMCP #540: Vintage Air, Rick Love – How To Keep Your Cool In The Hot Summer Days Ahead – Preserving Old Cars And Trucks To Enjoy Into The Future

This week I had the extreme pleasure to once again talk to Vintage Air President Rick Love. Vintage Air has been a long time sponsor of this show, and chances are you have a Vintage Air system (or many Vintage Air parts) in your current ride. Their name is synonymous with hot rod air conditioning (and heating), much like Kleenex is to tissues! As always though the company is only a representation of the people behind it and in it. Rick Love has been there since 1998, but has an even deeper history than that with the company.

TMCP #470: Pro-touring update with Larry Callahan – THE BIG EVENTS ARE ALL BACK!

Larry Callahan is back for the second quarterly Pro-Touring Update for 2021! He has the latest information directly from the pages of Pro-Touring.com and he gave me an update on his tech laden, power stuffed, cutting edge, classic muscle, home projects! The big news is that the event list for 2022 is at full force; more events are back than ever!

TMCP #383: Auction Insights! Bret Voelkel from Ride Tech at Barrett Jackson, and NPD’s Ask Rick Segment on the Growth of Mecum

This episode marks a fun trip to the January auctions! Our intrepid show producer Bernie McPartland was our man on the scene at Barrett Jackson in Scottsdale Arizona and while there caught up with Bret Voelkel of RideTech. To follow up with that, we had Rick Schmidt on to get his opinion on the auction world as a whole, both from a marketing perspective for NPD and as a buyer and seller of cars. I also really wanted his opinion on the higher-than-normal sales prices of “Resto-mod” Corvettes at the Barrett Jackson auction (which he does watch annually) vs their fully restored counterparts.