Masters in Business

At The Money: Building A Car Collection

14 snips
Jul 30, 2025
Hannah Elliot, a supercar reviewer for Bloomberg with over 15 years in the auto industry, dives into the exhilarating world of classic car collecting. She spills insights on balancing passion with practicality, emphasizing research in building a collection. Discussing the joys—and costs—of owning vintage cars, she explores budget-friendly starters like the Mazda Miata. Hannah also underscores the significance of community and specialized insurance, ensuring that enthusiasts enjoy their cars while keeping potential value in mind.
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ADVICE

Buy Cars For Joy, Not Just Profit

  • Buy vintage cars because you enjoy them, not just for potential financial gain.
  • Cars may not be the best investment but offer unique joy and value beyond money.
ADVICE

Choose Passion Over Profit

  • Buy cars you genuinely like rather than solely for their appreciation potential.
  • Enjoyment comes from passion car ownership even if the car loses some value.
ADVICE

Budget Wisely for Classic Cars

  • Every budget can find a vintage car; maintenance and insurance costs add up.
  • Consider classic car insurance providers like Hagerty for cost-effective policies.
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