At The Money: Building A Car Collection

Barry Ritholtz interviews Hannah Elliot, Bloomberg's supercar reviewer, about collecting classic cars. Elliot suggests that buying vintage cars is enjoyable and doesn't necessarily have to be a purely financial investment. She advises beginners to buy cars they genuinely like, as the enjoyment of ownership is valuable regardless of monetary gains. They discuss budgeting, noting that there's a vintage car for every price point, and recommend the Mazda Miata as a fun and affordable starting point. Elliot highlights the benefits of focusing on a specific theme within a collection for efficiency and community involvement, emphasizing the importance of engaging with local car clubs for support and knowledge. The conversation also covers car storage options, resources for collectors like Hagerty, Bring a Trailer, and K500, and the importance of documentation and service history when purchasing a vehicle.