Indian Vintage Cars

Once again Indian Vintage and Classic cars are in lime light. Vintage Cars are the Assets. And rich people invest in Vintage cars for higher profits. Owning a Vintage car is exactly same like owning any other asset such as stocks, bonds, gold, real estate or businesses.

According to the market survey, Vintage Cars appreciate at the rate of more than 20% compounded annually. Basically there are 2 types of cars in this Category. One is Vintage & the other is Classic. Any Car before the making of 1929 is a Vintage Car while any car model up to the year 1965 is a classic car.

Now, I have told you previously in the definition of Assets that, Asset is something which is likely to appreciate in future (Capital Gains) as well as may put money into your pocket (Income).

So How Vintage Cars are Assets? It is well understood that they appreciate in their price as they get older and older but what about Income? If something is Asset it should provide at least some degree of Cashflow right? If I Say this Blog is my Asset than you can understand that it’s an asset because it provides me a steady Income. But What about Vintage & Classic Cars?

Well, Here is how Vintage Cars provide Income to their Owners -

01) When a Bollywood director recently offered Rs 100,000 to Nitin Dossa to loan his 1947 Cadillac for a shoot, Dossa put his foot down, although it was hard to resist. "The director wanted to lift the car in mid-air with a crane for an action scene," says Dossa, a car collector.

02) While the Bollywood film Black and Rang De Basanti film, have hired Buick convertibles and 1947 Chryslers for authentic effect, Rolls Royces and Cadillacs are getting increasingly popular with high-profile weddings.

Yes, Now High profile weddings use Vintage Cars and pay their owners literally lakhs of rupees of royalty.

Photo: Ritu Beri on her wedding

03) Ritu Beri got married in year 2004, the baraat arrived with an impressive line-up of six vintage models. A family member of Zee TV boss Subhash Goel similarly hired a Buick 47 for a wedding.

04) Apart from films and marriages, the hospitality industry is also hoping that the craze will catch on. While the Taj hotel in Udaipur already has nine cars to service high-spending tourists, the Le Meridien hotel in Delhi plans to start a similar facility.

Vintage Car Rentals -

Rental prices could vary anywhere between Rs 25,000-Rs 50,000 a day for a Rolls Royce. A Cadillac and Buick can go for Rs 15,000 a day, while an Austin can be hired for between Rs 5,000-Rs 7,000.

Photo: Pranlal Bhogilal from Ahmedabad, Vintage Car Collector

Photo: A Vintage Car owned by Pranlal Bhogilal

Experts say, not more than 1,000-3,000 vintage cars exist in India today, valued at Rs 350 crore (Rs 3.5 billion). Some of the country's biggest collectors -- Pranlal Bhogilal of Ahmedabad, Sharad Shanghi of Indore and UB group chairman Vijay Mallya -- own 350-odd vintage and classic cars between them, including the rare Mercedes 540 K and the Rolls Royce Silver Ghost, both valued at over Rs 1 crore (Rs 10 million).

Useful Resources -

01) Vintage & Classic Car Club of INDIA (VCCCI.com) -

Simply go to the Vintage and classic club of India’s website and you will find each and every detail about Indian Vintage Cars. There are lots of pictures in the photo gallery.