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

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Article brought to us by Old Mutual.

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