The Science Of ... , Evergreen Content

Why this Sanlam portfolio manager is investing in classic cars

This year the markets, compared to classic cars, were a distant second!

Leon Strümpher

Look for rust. High mileage is not a problem. Look for original parts. Does the car have a rare colour? Look for vehicles produced in small numbers.

Leon Strümpher

If you take it seriously it can pay off handsomely.

Leon Strümpher

Are cars good investments?

Considering their shocking depreciation; most definitely not!

Having said that; things change when referring to “classic” cars.

The Money Show’s Bruce Whitfield interviewed Leon Strümpher, a serious classic car investor and portfolio manager at Sanlam Private Wealth, for his weekly "The Science Of" feature.

Strümpher discussed the market for classic cars in South Africa and how to determine if it’s a good investment.

Scroll down for quotes from the audio below.

Classic cars are at least about 40 years old.

Leon Strümpher

Vintage cars come from the pre-war era.

Leon Strümpher

A true classic is a head-turner.

Leon Strümpher

The VW Transporter – the surfing van – is coming into vogue. They’re so practical and simple!

Leon Strümpher

Selling online would be the best way to market your classic car abroad.

Leon Strümpher

The biggest collectors can’t sell their cars, because they just love them too much!

Leon Strümpher

Click here (then“like” the page) to follow Bruce on Facebook.

Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.

Subscribe to our Business Wrap Newsletter

Article brought to us by Old Mutual.


Recommended

by NEWSROOM AI
Read More
Venezuela inflation rate expected to top 1 000 000% by year-end

Venezuela inflation rate expected to top 1 000 000% by year-end

Venezuela – once as rich as Norway – is suffering an apocalyptic collapse without precedent.

What is a hedge fund?

What is a hedge fund?

The Money Show’s Bruce Whitfield interviews Fairtree Capital Portfolio Manager Jean-Pierre Verster.

100-year-old Truworths reports fewer sales and a 7.3% decline in earnings

100-year-old Truworths reports fewer sales and a 7.3% decline in earnings

The Money Show’s Bruce Whitfield interviews Truworths CEO, Michael Mark.

We have made progress in delivering on our promises to Marikana – Lonmin CEO

We have made progress in delivering on our promises to Marikana – Lonmin CEO

The Money Show’s Bruce Whitfield interviews Lonmin CEO Ben Magara.

4 tips for safely investing right now when everything is so hectic

4 tips for safely investing right now when everything is so hectic

Bruce Whitfield asks Personal Financial Advisor Warren Ingram for advice on how investors can safely navigate this hectic time.

The best age to sell your car

The best age to sell your car

Should you sell while it’s still worth a bit? Or should you drive it ‘till the doors fall off? We interviewed Mike Schussler...

Popular articles
Vigilante mob attacks alleged criminals in Daveyton

Vigilante mob attacks alleged criminals in Daveyton

Tensions are rife in the East Joburg township as the community attacked and killed criminals.

[WATCH] Dad uses a drone to pull out son's tooth

[WATCH] Dad uses a drone to pull out son's tooth

Khabazela shares YouTube videos gone viral including a barmaid hitting a colleague who slapped her rear during a routine.

'There is no way Magnus Malan could've done the things he is accused of'

'There is no way Magnus Malan could've done the things he is accused of'

Former police minister Adriaan Vlok has rejected accusations that former minister Malan was at the centre of a paedophile ring.

4 tips for safely investing right now when everything is so hectic

4 tips for safely investing right now when everything is so hectic

Bruce Whitfield asks Personal Financial Advisor Warren Ingram for advice on how investors can safely navigate this hectic time.

[Listen] Lottery responds to Tshepo's fraud claims

[Listen] Lottery responds to Tshepo's fraud claims

Philemon Letwaba says Tshepo's case relates to some of the issues that they are dealing with on a daily basis.

Castro bodyguard shares tales of dictator’s double life and breath-taking wealth

Castro bodyguard shares tales of dictator’s double life and breath-taking wealth

Juan Sanchez shares stories of Fidel Castro that’ll make you re-examine everything you thought you knew about the Cuban dictator.