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A 1997 Porsche 911.
- Cars tend to gradually lose their resale value over time. It is safe to say that most vehicles will be worth less money the older they get.
- But there are certain cars that defy this trend. Their values increase with age.
- A confluence of circumstances can create this type of scenario. For example, a vehicle that is unique or rare and also highly desirable can cause its overall value to increase. These cars can become great investment tools as a result.
- To that end, here are a handful of vintage vehicles you might be wise to scoop up sooner than later.
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As time progresses and the years go by, certain cars start to see a rise in value and become vintage, collectible items that can make great investments.
Unlike the average used car that will depreciate in value with time, these vehicles can appreciate as they get older. Reasons for this vary but often a major factor is supply and demand, with some cars being more desirable than others.
People remember cars and vehicles from their younger years in life and in later life they have the funds available to purchase them, creating a demand. If the supply of the vehicles is limited, then the vehicles start to spike in price as they are bought up, creating a scarcity in supply.
There are many cars that have the potential to increase in value, continue reading to see 11 hand-picked examples of these.
For all things supercars, car reviews and automobiles have a look at The Car Spotter website at www.thecarspotter.co.uk.