Could a classic car save you money?

It’s often said that classic cars are one of the best investments around, with some models outstripping the profits to be had in property, art and even gold. The problem is, it’s not really true.

Yes, if you were smart enough to buy, for example, a McLaren F1 for £2m a decade ago then you could cash it in today for a tidy profit of at least £8m, and if you happened to snap-up a Ferrari 250GTO in the late 1990s for what might then seemed like an astronomical $7m, it could now be worth something approaching seven times as much.Other blue chip collectable classics have also performed exceptionally well, such as the Porsche 911 2.7 RS, the Ferrari 246 GT ‘Dino’ and the Aston Martin DB5, as have certain pre-war models by Bugatti, Alfa Romeo and Mercedes-Benz – and, in particular, certain cars built during the 1980s and 90s that have come to be regarded as ‘modern classics’.There