Posted on Monday, February 5th, 2018 by Will Hagle
Rally Rd. lets anyone invest in collector automobiles.
Automobiles are an interesting investment. If you buy a new car, it essentially begins decreasing in value the moment you take it on the road. If you own a really old luxury car, however, it could hold immense value even if it’s unable to be driven at all. For years, automobile collecting has been a rich person’s game. Just look at shows like Jerry Seinfeld’s Comedians In Cars Getting Coffee or Jay Leno’s Garage, or Curren$y’s Instagram. Collector cars are expensive. Now, however, with the help of an app called Rally Rd., anyone can own a piece of classic collector vehicles.
Rally Rd. works by converting blue-chip collector cars into stocks that anyone can buy. That means that people can pay as little as $40 to own a piece of an automobile. If the car increases in price, the investors benefit. According to Rally Rd., blue-chip collector cars have “outperformed gold, the S&P500, and New York City Real Estate since 2012.” While owning stock in a collector vehicle certainly won’t replicate the experience of owning your own car and being able to drive it around or sell it at your will, but Rally Rd. does offer a nice opportunity to make an interesting investment that could hopefully benefit you in the long run.