Want a 28% return on investment? Buy a Classic Ferrari.

The Wall Street Journal declares a classic Ferrari as a sound investment with returns in the last year averaging 28% on important models.

[nggallery id=1289 template=customlinks]

So, you’ve made a few bob and you want to get a return on your money? You can do the usual property, cash, shares balance and see a nominal return, but what else can you do?

It seems, especially if you’re a petrolhead, you can have your cake and eat it by investing in classic cars, and particularly in classic Ferraris, and not just see your investment on a balance sheet but in your garage too.

The Wall Street Journal has been looking at ‘Treasure ASsets’ like fine wines, works of art and classic cars. And they’ve realised investors can – if trhey’re clever, careful and lucky – see returns of up to 28 per cent a year.

That 28 per cent figure is the rise in value of the best classic Ferraris in the last year – cars like the 1957 Ferrari Testa Rossa that sold for $16.4 million and the 1960 250 California Competizione, not to mention the ‘Daddy’ Ferrari 250 GTO – but other stuff – like Aston Martins, Porsches and the McLaren F1 – are showing strong returns too.

No one is suggesting you should put every last penny you have in to classic cars, but in a diverse portfolio you really can have your cake and eat it by investing wisely in four wheels.

Yes, there have been a big classic car bubble bursts in the past – in the early 1990s classic car values fell 50 per cent and classic Ferraris 70 per cent – but with a world that has many times more people with the wealth to invest – and schemes like Ferrari’s Classiche to confirm provenance – it’s a much less risky investment route than ever before, especially if you get proper advice.

But please, classic or not, don’t let your investment fester in your garage. Cars are to be driven – especially classic Ferraris – so go out and enjoy your investment. It’s much more fun than a hedge fund.

Ferrari 250 GTO Photos >>