TMCP #456 – Ask Rick, The Realities of Classic Cars as Investments; Which 2021 Muscle Cars Are Collectible?
Investing: In this day and age of huge government stimulus packages, thoughts turn to rising costs and inflation. Since our audience could invest in something, why not follow Rick’s model and invest in what they know best; cars! Rick shared that one of the lessons his father believed most was to invest in yourself first, and as such the stock market is now where he chose to invest but instead in his businesses and in assets. The car collection they curated…..wasn’t actually for an investment though, though it resulted in one. In addition they chose to purchase low mile, highly optioned cars not as speculation bets, but simply because they liked them! Some are rare, some are not, but all are special. Today if they wished to sell a portion of the collection they would certainly see a great return….but that day may or may not ever come. Why? They still like the cars!
TMCP #386: Mike Fadel of Streetside Classics; Consigning Cars and Beating the Auctions – Ask Rick; Is There Value of Having Your Car Judged?
In this episode I spoke once again to friend of the show Mike Fadel, Director of Sales and Consignments at Streetside Classics. Streetside has made a major impact for both buyers and sellers of collector cars, muscle cars and otherwise by going strictly consignment and by utilizing massive amounts of data to fine tune where cars cab be bought and sold. And….it’s working! In just the last few years they’ve been growing at a rapid rate and I wanted to see if he could give me the hottest look at what 2019 holds.
Ask Rick: On this edition of Ask Rick Rick shared the final results from the recent AACA show in Ocala and regarding the judging of his 1955 Pontiac Star Chief specifically. He told me it passed with no issues! He went on to say that prior to AACA judging he did correct quite a few things with the car and he would be proud to enter it even into a Pontiac specific show. The vehicle specific shows are a bit different than AACA since the people that judge are specialists in those cars specifically where an AACA judge has a breadth of knowledge regarding all makes and models. The AACA shows do a great job of judging overall quality of a vehicle as a collector car and is something to look for when purchasing a car.
TMCP #365: Roger Falcione of ClassicCars.com, The Most Searched For Muscle Car, Values, and MORE! – Ask Rick, Should We Take Kids at Swap Meets?