I Buy Classic Cars
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As noted above, people buy vintage vehicles for all kinds of reasons, and being realistic about why you are buying a classic car is essential if you want it to be an enjoyable experience rather than one filled with rancor and regret.
The truth is that these old cars are simply that: old cars. They have carrying costs: storage, maintenance, insurance, etc. Depending on the car, these costs can run hundreds to thousands of dollars per year.
Just like people, there are good dealers and bad dealers. Most classic car dealers run a consignment shop, where private car sellers leave their cars on the lot for sale. In return for handling the advertising and drumming up a buyer, the dealer receives a percentage of the sale proceeds. Some dealers will buy the car directly from the seller and attempt to flip it for their own profit.
Even though something like a Bricklin SV-1 (made in the mid 1970s with a total production of around 3,000) may really be intriguing to you and cause traffic jams as people stare at you at stoplights, there are much better cars for a first-time collector. For your first classic car, like with really any collection, stick with the popular models. Here are the main reasons why the quintessential collector cars are great for first timers:
Over 500,000 of this English car were made. There are several companies that make parts for this car and there are clubs all over the USA. These cars are generally simple to work on, but are known to sometimes have numerous electrical issues.
These iconic cars are decked out in chrome and were made well before placing emission controls on cars was even being considered. Available in two-door, four-door, and convertible options, if you are looking for something with simple mechanics, this is a great place to start.
At this price point, there are many different options available. These cars are often investment grade and in superb condition. Before diving into one of these cars, understand that they require extensive due diligence and thorough market research.
One point to make for this price point: everyone thinks they need an exotic, European sports car to differentiate themselves from the masses. However, any classic car, regardless of price, will attract attention and provide you unlimited enjoyment.
Mark Purtell is a classic car collector and founder of the site www.sharpclassics.com. This site is dedicated to helping buyers and sellers of classic cars connect. With unbiased articles on car collecting and a comprehensive finder service, this site has everything a car collector needs to fuel their hobby. Contact Mark on twitter @SharpClassics or [email protected] for a free classic car search.
We specialize in European cars such as Mercedes Benz, Rolls-Royce, Bentley, Bugatti, Austin Healey, Jaguar, Porsche, Ferrari, MG, Triumph, Maserati, Morgan, Pegaso, Fiat - Topolino, Avanti, Alfa Romeo, Aston Martin, Delorean, Delage, Delahaye, Lotus, Lamborghini, and various others and American cars such as American Bantom, Buick, Chevrolet - Corvette, Impala, Camaro, Cadillac, Dual-Ghia, Ford - Mustang, Thunderbird, Plymouth - Cuda, Cord, Jolly, Duesenberg, Packard, Pontiac GTO, Lincoln, Auburn, Pierce Arrow, Excalibur, Plymouth, Studebaker and various other antique and classic cars. We thank you again, and welcome any inquiries you may have for any cars that might be of interest to you.
Although our focus is on selling vehicles through consignment, we do occasionally purchase vehicles for resale. Contact sales@streetsideclassics.com with pictures and a description of your vehicle for consideration.
Although our focus is on selling vehicles through consignment, we do occasionally trade for other classics when it makes sense. Keep in mind that we are a dealership, so trade-ins are typically valued at a wholesale price. Contact sales@streetsideclassics.com with pictures and a description of your vehicle for consideration.
Although we do not provide official appraisals of classic cars, we do provide our experienced and professional opinion of the potential sales price for vehicles sold on consignment through our company. Call for more information.
Unfortunately, many first-timers buying collector cars purchase a classic car without doing any research about the make or model. Before you meet the seller or take the car on a test drive, it is important to do some independent research on whether the model for that specific year was known to have significant mechanical issues.
Do you have any classic car buying tips Share your experiences with your fellow classic car collectors in the comments section below and be sure to share this article so that they can also avoid costly mistakes!
The classic car market is hotter than ever and, as a result, many people are looking at classic cars as a great way to invest their money. While that might seem like a great idea, there are also many potential pitfalls of classic car ownership, and just as many reasons for not buying a classic car.
Not having experience with working on old cars is not a prerequisite, but you should be willing to learn about making some mechanical repairs. No matter how many mechanics you hire, at some point you are going to have to fix something yourself. Classic car people tend to forget that they spend a considerable amount of time fixing things, often more time that they spend actually driving their classics.
This has got to be the worst reason to buy a classic car, and every year more people buy cars because they want to be seen on television winning a bidding war. This behavior always astounds us, but we have heard so many people boast about having the opportunity to pay too much for a car on TV.
Spot on Andy,Having been it the vintage auto resto business for 30 or so years I would add just one thing. Have it checked out by someone that knows that type of car. BEFORE you buy it. People would come to the shop in their new Whatever SS and ask us to check it out after they already bought it. I have seen cars made of two cars BRAZED together under the seats. Had a Ferrari from a dealor in Texas car looked beautiful, but the frame was twisted really, really bad. This was a very common thing. These people had a bad experience unnessarely.Keep the good advice coming buddy
Andy gave great heads up information for newbies in an old business. Be sure to do homework as some cars are rare and parts are not always available. This is a great pastime even with the ups and downs. Enjoy the classic ride.
I did not intend to offend anyone with the story, but only to point out the wrong reasons, and the correct reasons for a classic car purchase, based on my own trials and tribulations in the hobby over the last 33 years.
I have made many of the above mistakes myself, with the exception of a televised bidding war. I guess spending time in both the entertainment business and the classic car hobby was enough to show me that might be a bad idea.
I have bought cars that I assured myself would be trouble free and require little extra money, a Maserati Merak that needed an engine and hydraulic system rebuild comes to mind, that turned out to be a disaster. I had no experience with the Merak at the time but had to have the Maserati so my friends would think I was cool. Not my best laid plan.
I have also bought a few classic cars as investments. May of them have worked out well but close friends of mine will remind me about the worlds nicest Fiat 124 Spider that I spent more than 32k refreshing. I sold it for just over 10k at auction.
I love this hobby and have had more fun with classic cars than anything else in my life. My best friends are ones I have made in the hobby and I continue to learn more about cars from all of you every day I am in it.
I read this article and decided it was pretty darn close I have always wanted a 1957 Chevy Belair and am in the process of finding one to buy as I type this. Although my classic car will only cost in the tens of thousands it is something I need to have. It should be relatively easy to keep running! I suffer from none of the diseases listed above. I will simply park next to my Harley, Caddy and Ford pickup. I so appreciate this article it has made me understand I am doing exactly what I need to do.
That is great Andy, the point was not really to dissuade a person from jumping into the classic hobby but instead to make sure that they asked themselves the right questions that need to be ask before they jump.Good luck with your Chevy search!
Let us make selling your car fast and hassle free. What models of classic cars and sports cars are you selling We buy Porsche 911, Jaguar XKE, Mercedes 280SL Pagoda, BMW 2002s, Ford Mustangs, Chevy Impala, Ford Thunderbird, Rolls Royce, Corvette, Cadillac Convertibles, and more. You name it we buy it! We know classic cars!
There are a great many reasons for buying a classic car or vintage car: love for the history of a specific brand, the experience of driving an old car, and the possible investment potential that many best vintage cars can offer.
When shopping for a classic car, you may think you still need to go to a dealership in person. Fortunately, the modern age of the Internet allows you to purchase antique cars online and even have them delivered to your front door by using vehicle transport services.
Indeed During 2020, there were more than 1.3 Billion in deals on US classic vehicle auctions website only with an average sale of $49,529. Even though this was the year of COVID-19, where many businesses were affected but the classic car business finds its way out of the pandemic.
Copart.com is another leading online vehicle auction company where you can find many classic cars, trucks, SUVs, Vintage Ford, Chevrolet, Porsche, Cadillac, and many more makes and models also. Many classic vehicles are accessible from vintage car collectors and are much of the time up for offer in Copart online sales.
Winning a classic or vintage car auction is only the first step. Make sure you can get your car home if you win. Known as an industry leader in handling classic, luxury, rare, exotic, and collector cars, Autostar Transport Express has been serving enthusiasts since 1995. 59ce067264
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