Classic cars 'can be savvy investments'

Investors looking for worthwhile funds to place their money into could consider the new Lichtenstein-based Classic Cars fund.

According to the Motley Fool, the Count of Custoza family office launched the scheme in February and aims to purchase €350 million (£311,19,911) worth of assets over the next five years, offering a 17 per cent return.

While the rate may seem particularly high, especially since the global recession is still fresh in the mind, figures from Coys suggest the value of classic cars has increased by 100 per cent in the past ten years as fanatics continue to splash money on the vehicles.

"Additionally, this particular fund has some heavyweights in the back seat in the form of experts from Sotheby's and Christie's," the website advised.

Moneywise recently told motorists that they could cut spending on their car insurance by purchasing a classic car, which includes any Jaguar over five years old and any BMW after ten years.

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