Hello and welcome to the car's edition of Slate Money Swag.

The final episode of this mini-series about all of the collectible things that people may or may not be

able to buy as an investment even though they have absolutely no cash flows associated with them.

This week we are talking all about cars with Hannah Elliott of Bloomberg. Welcome.

Thank you.

Tell me a little bit about yourself. Who are you and how did you wind up becoming a petrol head? Well, I live in New York in the East Village of New York, and I've worked for Bloomberg for six years now. And before that, I was at Forbes covering cars. You know, I always say, I get to cover the fun things. While most people at Bloomberg write about how to make money, I write about how to spend money.

I feel like you're the only person in the East Village who owns a car.

You know, I do own a car, but my car is in Los Angeles.

So I'm only half, half and half.

And it is an old car.

It's a 1988 560 S.L Mercedes, Black on Black, that was given as a gift to me from my birthday very recently from my boyfriend, who is...

Ladies, get him to give you a car. It's great.

So your boyfriend is here next to Jessamine Molly in the studio. He is going to come up in this episode because he owns more cars than you do.

Oh, yes. We are going to talk about the cars that he owns. We're going to talk about the cars

that sell for $20 million, the cars that sell for $5,000. What makes a car investable? How much

money you need to spend in order to buy an investable car, why cars go up in value,

whether cars go up in value, and all manner of other gnarly details about cars as an asset class

coming up on slate money swag. So cars. Cars. I hear that cars can sell for millions of dollars.

Yes, that has happened. Which is kind of amazing because you can get a perfectly good car for, like how much do you need to spend for a perfectly good car these days? It seems to me that a perfectly good car is getting cheaper and cheaper these days. Do you mean a modern car or a vintage car? Like a car you would collect?

No, I mean a like a running driving car. A running driving safe car. You can buy one for $2,000.

For $2,000. Of course. So there is no real utility value to investment cars because the utility of a car you can buy for a couple thousand bucks of course if

you're getting from a to b yes i will say this cars do drive differently you know this two different

...