Feb 20th, 2010 by Ross Edwards
Investments in the stock market and real estate have tanked over the past few years, so if you’re looking for a more stable way to invest your money, you might want to try cars. The problem is that most people don’t have the money for an original Shelby or a numbers matching Roadrunner. So how can a normal person get into collecting cars? CNN Money has a list of ten cars available for under five thousand dollars that will most likely increase in value over time.
1985-93 Ford Mustang 5.0 HO – $3,000
1975-80 AMC Pacer – $4,300
1974-80 Triumph Spitfire 1500 – $5,000
1975-78 Datsun 280Z – $5,000
1989-91 Ford Taurus SHO – $3,400
1977-83 BMW 320i – $3,900
1968-76 Volkswagen Beetle – $5,000
1986-88 Pontiac Fiero GT – $5,000
1979-81 Fiat Spider 2000 – $5,000
1956 Buick Roadmaster Sedan – $5,000
Despite the oddly specific prices on some of these cars and very optimistic prices on others, the advice isn’t bad. Investing in cars is always a good idea because even if your investment turns out worthless, it will still be a car that’s fun to drive. The only problem is that if you do go searching for cars on this list, there are some things you need to know.
CNN points out that the 85-93 Mustang was a budget performance car when most cars were neutered gas sippers. That’s true, but the unfortunate consequence of the fox-body mustang’s popularity is that it’s nearly impossible to find one that hasn’t been modified, usually by an amateur mechanic with more ambition than skill.
The Triumph, BMW and Fiat listed are surely iconic cars that are fun to drive. Unfortunately because they’re European cars, parts aren’t always easy to find and are usually expensive. Add to that the reputation Triumph and Fiat have for being unreliable and your $5,000 investment could prove much more costly. That being said, the roadsters are two of the three cars on this list that might actually result in a woman asking you for a ride (the other is the Buick Roadmaster), so they may be worth the extra cost.