Top 10 Collector Convertibles For Long Term Investment
Summer is the time for crusin’ in a convertible! And Forbes.com has created a list of the top convertibles for summer which are affordable vintage ragtops and may even increase in value over time. Forbes created the list from car insurer Hagerty, www.hagerty.com, and all the vehicles on the list sell for $5,000 to $35,000. Hagerty called the vehicles “sound financial decisions” that are reasonably reliable with repair parts readily available.
Among Hagerty’s list are some easy choices, including vintage American classics like the Chevrolet Corvette and Ford Mustang ragtops, as well as a few European entries from Alfa Romeo, BMW, Mercedes-Benz and Porsche. The most affordable on the list are classic versions of the Mazda Miata and Toyota MR-2, while the costliest is the block long Lincoln Continental convertible from the 1960s.
Forbes noted that older trucks are starting to rise in value on the collector market. Hagerty included one unique open-top SUV, the International (as in International Harvester - now Navistar - the farm machinery manufacturer) Scout from the 1960s.
The entire list includes:
- 1966 - 1967 Alfa Romeo Guilia Duetto Spider, starting at $25,700
- 1987 - 1993 BMW 325i Convertible, starting at $8,500
- 1968- 1975 Chevrolet Corvette Convertible, starting at $23,700
- 1965 - 1967 Ford Mustang Convertible, starting at $28,100
- 1966 - 1971 International Scout, starting at $9,000
- 1961 - 1967 Lincoln Continental Convertible, starting at $33,600
- 1989 - 1997 Mazda MX-5 Miata, starting at $4,500
- 1986 - 1989 Mercedes-Benz 560SL, starting at $19,400
- 1972 - 1976 Porsche 914, starting at $9,700
- 1987 - 1989 Toyota MR-2 T-Bar, starting at $6,200
Enjoy the summer!