Does a legal antique car IRA exist?
No. Prohibited investment.
The American Antique car club and most insurance companies consider a car eligible for antique car insurance after 25 years of age. Using this standard, the 66 Pontiac GTO would have been considered an antique in 1991. Many states have their own regulations with regards to what is considered an antique, so be sure to check government standards in each state.
Vintage cars are broadly defined as those cars, which were built between 1919 and 1930. In general terms vintage cars are also known as classic cars and antique cars. But car lovers have their own definitions regarding these three terms. The British definition of vintage cars is quite strict about 1930 being the cut-off, while some American sources prefer 1925 since it is the pre-classic car period as defined by the Classic Car Club of…