Since 1923, Le Mans has been one leg of the Triple Crown of Motorsport, a twenty-four hour test of endurance and efficiency. The cars that have made the podium in this fabled race have become icons like the Ford GT40 and Porsche 917. Since 2002, the Le Mans Classic has accompanied the modern race and allowed vintage competitors to assay the 8.5 mile Circuit de la Sarthe once again.
The Scottsdale and Amelia auctions have piqued your interest in adding to your car collection, but what if you need to sell one of your current cars to make the new acquisition possible? Vintage, classic, and exotic cars which are owned as investments or for use in a trade or business are eligible for tax deferral through a 1031 exchange.