Protecting your financial future is all about diversifying your portfolio, which is why you might be laser-focused on expanding your property holdings and investing in a variety of stocks. However, buying the collector cars of your dreams might be an even better way to invest your money.

Each year, Charlotte AutoFair hosts an incredible event drawing over 10,000 car enthusiasts worldwide, showcasing incredible restorations and unique automobiles. These professionals are here to explain three reasons why collector cars, and especially convertibles, are a great investment. 

The Small Supply Improves Demand

There are only a set number of collectible cars on the market, which only improves their value. Because the number of convertible cars pales in comparison to hard tops, convertibles tend to be worth more. Additionally, since convertibles are more prone to water and rust damage, a classic convertible in great condition can fetch a pretty penny at auction.

Owning a Classic Convertible Is Enjoyable

Investments like money market accounts and bonds might be worth a lot of money down the road, but in the meantime, they might be untouchable. However, investing in a classic convertible is a fun, unique way to improve your wealth. In addition to driving up to a party in style or hitting the road with a loved one, owning your own classic car might allow you to participate in local auto shows—not just attend them.  

Passion Investing Is Hot Right Now

Passion investing, which means to spend money on high-value collectibles, is enjoying a serious moment in the financial world. Owners of classic cars have enjoyed financial returns of more than 500% over the past decade, which goes to show just how valuable the right convertible could become.

If you are looking for an investment that is just as fun as it is profitable, consider investing in collector cars. To learn more about different makes and models of classic cars, visit the Charlotte AutoFair Produced by Hornets Nest Region, AACA. In addition to checking out different car clubs and enjoying some great food, you can even find custom parts for your restorations by checking out vendors. For more information about the show, visit them online or call (704) 841-1990.