You Can Now Invest In A Classic Car Buying Shares Just Like Stocks

If you love classic cars and investing, there’s a relatively new company that combines both your two passions.

Called Rally Rd., the service allows investors to own a share of a collectible automobile for as little as $50 (£39/ €44). According to the company, they have a team of experts who select “rare, investment grade, collectible cars that we believe are appropriately priced and will increase in value over time.”

Rally Rd. then acquires the vehicle and offers equity shares in them. This process is handled by a mobile app which allows investors to learn more about the vehicle, check its provenance and view pictures of the car. If investors like what they see, they can buy shares in the automobile.

While investors will own a faction of the car, they won’t take possession of it. Instead, the cars are stored in a secured, climate-controlled facility with 24/7 video surveillance.

Rally Rd. goes onto says their cars are museum quality and are only “driven professionally for maintenance purposes.” While that might disappoint some people, it’s understandable and the company eventually plans to allow people to visit their collection and “participate in unique driving experiences with similar cars.”

When shareholders want to cash out, there’s one day a month when they can attempt to sell their shares. If another investor is interested in purchasing shares in your car and their offer is at or above your asking price, then the sale will clear and you’ll get your money.

The idea is pretty interesting and the company complies with U.S. Securities and Exchange Commission regulations. Unfortunately, the service is only available 32 states due to licensing limitations.

Fox Business says the service currently has 75,000 users who have an average of $1,000 (£776 / €885) invested in multiple vehicles. The company also has around 25 cars which range from traditional exotics to oddities such as a 1990 Ford Mustang 7-Up Edition.

more photos...
  • eye.surgeon

    Cool, just like tulips.

    • 12333444333

      Be very concerned when they’re forcibly preventing you from cashing out at a loss (per the article)

Hyundai Tucson N Line Wants You To Sit Up And Take Notice

The Hyundai Tucson N Line can be ordered with one of three different powertrains.

Koenigsegg Jesko Gets Pushed Out Of Palexpo Complex As It Departs Geneva

The 1,600PS Jesko needed a push to leave the car show, as it didn’t fire up its 5.0-liter V8 engine.

Facelifted Alfa Romeo Stelvio Spied For The First Time Inside And Out

The facelifted Alfa Romeo Stelvio has undergone some minor interior changes.

600HP Mosquito Supercar Wants To Become Czech Republic’s Brabham BT62

Just like the Brabham BT62, the Mosquito “street-legal race car” will have a seven-figure price.

New York City Says Its Saved A Ton Of Money With Its Electric Vehicle Fleet

The Big Apple is enjoying massive savings thanks to the limited maintenance and charging costs incurred by EVs.

Ford Took A Cheeky Stab At Tesla Model Y With Electric Mustang SUV Tweet, But Did Anyone Notice?

Ford will unveil its Mustang-inspired electric crossover later this year.

Tesla’s S3XY Family Is Complete But Are They Actually Sexy?

Deliveries of the Tesla Model Y will start next year with prices topping $70,000.

Part Batmobile, Part Off-Road Monster: Meet The Desert Storm Trophy Truck

It’s just a study, so it can be as bold, brash and brutal as its designers want it to. Plus it’d look nice in the Batcave.

These Are Some Of The World’s Most Popular Cars On Instagram

Perhaps all the Ford Mustang crashes make it so popular on Instagram….

Tesla Workers Lost Three Times More Days Off The Job Due To Injuries In 2018

The good news, as Tesla’s VP for environmental health and safety pointed out, is that no one died.