Hemmings wrote an interesting article, which spins off an idea this automotive writer had back when he was 18. This ingenious plan was to somehow afford a fleet of classic muscle cars, and rent them out to customers for an inflated fee. Surprisingly, I was not the first to come up with this, and being just out of high school I couldn’t afford it, or find investors.
Owning a classic car is not cheap. Buying them off eBay Motors, shipping them across the country, maintaining every rusty piece, finding original parts – it’s a complicated process. Many of you know it all too well.
So, if you have that classic car sitting in the driveway, why not earn a few bucks from it? The owner of a 1959 Chevy Impala decided to go ahead with this mindset.
“1959 Chevrolet Impala coupe, business opportunity. Rare. Frame off restoration, this beauty features a 283 cid and is equipped with 2 alternators to power hidden external speakers. Used exclusively for parades, weddings and special occasions, couples pay $350.00 per 4 hour, owner driven usage. Average $1000 to $1500 per mo. income.”
If nothing else, you can get some of those small business tax breaks.