There’s nothing quite like cruising the open road in a classic car and drawing double-takes from passersby. However, you should know a few crucial things before you hand over money for a classic vehicle.
There are hidden costs of classic car ownership
Of course, everyone who sets out to buy a classic car knows they’ll need to pay for repairs, upkeep, and insurance. But, other costs that most people don’t think about include storage and classic car transportation when you buy a new vintage vehicle or relocate it to a new state. If you’re browsing on a budget, you’ll need to factor these costs into your calculations to avoid going home empty-handed.
Knowing how to ship your car safely
If you ever need to transport your vehicle across state lines, you need to ensure you can do so without the risk of damage. You’ve invested a lot of money in this car, so you want to make sure that the company moving it understands the best methods of classic car transportation. Check reviews online to ensure you are hiring the best people.
Some states have limits on driving vintage cars
Some US states limit how much you can drive your classic car. The main reasons are that classic cars are not as environmentally friendly as newer cars and aren’t as safe.
Furthermore, most drivers like to keep the miles on their classic cars low anyway, so they don’t have to do as much repair work.
Classic car shows are becoming more accessible
Many hope the car shows that showcase expensive cars will become more accessible so that everyone can enjoy them. Some events have begun car shows only for owners under thirty years old or just for vehicles worth less than $30,000, so more people feel comfortable participating.
A classic car’s value doesn’t always appreciate
Many people buy classic cars as an investment. But, not all old cars become more valuable over time. Unfortunately, some models lose their fan base over time and end up depreciating.
Tires can be hard to find
Even new tires can wear out quickly. So, you’re going to want to stock up on vintage tires, especially if you drive your car more often than most classic car owners.
However, cars several decades ago did not have standard tires like manufacturers use today. Thus, those old tires can be a bit difficult to find.
Classic car ownership has its own community
One massive plus that classic car owners love is the sense of community they find at car shows, meetups, and online. Classic car owners come from all walks of life, so there’s always a good chance you’ll find people that you’ll enjoy.
Classic cars aren’t as popular as they used to be
Although many young people can appreciate classic cars, the newer generations aren’t buying vintage vehicles at the same rate as their parents and grandparents. This reason seems to primarily come down to financial issues, as today’s youth mostly buy cheap foreign-made cars.
Classic car ownership can be one of the best decisions of a person’s life. You have a good chance of meeting lifelong friends, and many people find caring for their car to be a great hobby.
However, remember that not everything about owning a classic car is peaches and cream, and you will need to spend a lot of money and time to keep your vehicle in prime condition.