Are you a fan of the classic vehicles which served to define the “Golden Age” of automotive history? Do you enjoy to feel the roar of an engine without being overwhelmed by technological innovations? You may simply enjoy the sleek, streamlined and even muscular appearance of many vehicles dating from days before you were born. Whether you are a seasoned collector or you are just getting involved within this exciting sector, older cars are certainly worth a closer look. What are some of the main principles that you need to know, what are some of the benefits and drawbacks of this hobby and what are a handful of the most popular models that will turn heads at the car show as well as when driving down the motorway?
Purchasing a classic car is actually much easier than you may have been led to believe. A good portion of this convenience can be attributed to the rise of the Internet across the globe. As opposed to in the past, you have access to literally millions of classic vehicles from the comfort of your own home or even via your smartphone.
Online auction sites are a very popular choice, as these tend to be run by collectors while being geared towards collectors. It could also be worthwhile visiting forums that are dedicated to this industry; making a few friends will provide you with valuable contacts when you are in the buying process. Stick to the most trusted sites, as you will be able to avoid scams and other “black hat” practices which have plagued this sector in the past.
Although the Internet is a wonderful resource, there is nothing wrong with hitting the streets and making a few enquiries. Peruse any advertisements in your local town council hall. Speak with friends, family and co-workers. Place advertisements in local newspapers. Attend major car shows such as the London Classic Car Show or the Bristol Classic Car Show. You will be surprised at what you can find!
The Advantages and Disadvantages of Buying a Classic Car
Classic cars are true collector's items. They also represent very real investments; their value increasing over time. They can be added to other financial portfolios and in times of need, they can be sold to obtain some much-desired liquidity. Finally, the driving experience itself is simply amazing.
We would be remiss if we did not mention a few downsides here. First, it can be difficult to insure such a vehicle and your rates may be quite high if you plan on driving it frequently. A classic car may require special conditions to avoid rust and other deterioration. It is often difficult to find parts that have not been produced in years. These parts can be quite expensive and may have to be obtained from private individuals as opposed to companies.
