BT Money Hacks: Investing in cars - worth it or lemons from the start (Ep 126)

Published Mon, Sep 5, 2022 · 05:50 AM

Synopsis: Every first and third Monday of the month, The Business Times breaks down useful financial tips.

Rare and collectible cars are growing in value, with indices in an all-time high territory. But can you actually make money off of your ‘old jalopy’ and are cars good hedges against inflation?

To find out, correspondent Howie Lim speaks to Julian Kho, editor at Sgcarmart.

Highlights of the conversation:

01:40 Investing in cars a double edged sword

04:42 Trends in the space: modern classics taking off

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06:41 What investors can do to maintain value of car

09:52 Do NOT drive your investment; mint condition is key

12:00 What exactly to invest in

Produced by: Howie Lim (howielim@sph.com.sg) and Claressa Monteiro

Edited by: Howie Lim

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Do note: This podcast is meant to provide general information only. SPH Media accepts no liability for loss arising from any reliance on the podcast or use of third party’s products and services. Please consult professional advisors for independent advice.

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BT Mark To Market Podcast at: http://bt.sg/btmark2mkt

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BT Market Focus at: http://bt.sg/mktfocus

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For more on personal finance, go to: bt.sg/moneyplaybook

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