You’ve always wanted that model T Ford but been afraid to take the plunge. How does one get spares? How much does it cost to maintain a classic car? How do you know you are not getting ripped off when you buy one?
Here are a few basic tips to get you on the road to collecting classic cars. Keep in mind that they are essentially second hand cars so you don’t rush into a deal.
You may have come across advertisements in the local newspapers about sales of such cars. However, it is a good idea to steer clear of your local newspaper.
Check the classified posts for classic cars at hemmings.com or sportscarmarket.com. Interact with classic cars collectors at vintage car shows, collector meets and other high end events. You could also try looking for them at auctions organized by well-known auctioneers.
When looking at buying such a car, check its condition and then check its value against a price guide. Do some amount of background research to see that you are getting value for your money. Look up any associations that may specialize in that particular classic car model. They will be able to guide you about the value of the car as well as tell you where to get the spare parts from.
If the paint job on the car looks shabby or if any of the major parts have been replaced by a previous owner, it is not a good idea to buy it. You may get it cheap but a badly restored car does not have much of a resale value.
Hire a classic cars expert to take a look at the car. An expert will be able to advise you if a car is poorly restored as he will be able to tell if any of the original parts have been replaced.
These type of cars need to be protected from moisture so that their parts do not rust. Make sure you have a warm, dry and airy place to house your classic cars once you buy them.
You will need to insure your car at its present value. Check with insurance companies as some of them have specialized packages for these types of cars.
Classic cars are high maintenance mainly because the spare parts are expensive and hard to find. Be prepared for this at the time of buying your classic car. Restoring them is both expensive and time-consuming so think twice before venturing ahead. However, if you do have the time, collecting them can be a relaxing and enriching hobby.