Collecting classic cars isn’t just your regular run-of-the-mill hobby. After buckling up and committing to the bumpy roads of classic car collectorship, it takes work, money, and dedication to become a well-respected car collector. To get you started, here are some tips and tricks for you to consider before building your collection.
Choose between pristine condition vehicles and fixer-uppers
You can buy classic cars in already perfect shape or invest in a fixer-upper. If you are not mechanically inclined whatsoever, consider going the pristine condition route. However, if you know your way around a car, purchasing fixer-uppers can be a more budget-friendly and fulfilling experience.
That being said, not knowing where to find parts for a classic car can lead to higher costs. Your local salvage yard is a great place to find the auto parts you need and save some spare change. Salvage yards like Tear-A-Part are brimming with rare foreign and domestic car parts, improving your chances of stumbling across a diamond in the rough mid-junkyard excavation.
Prepare storage space before starting your collection
To be a successful classic car collector, you’ll need to carve out ample space to store your collection. You may be fortunate enough to have a six-car garage or sufficient room to store your first vehicle, but you might hit a dead-end once your collection expands. If you can’t display your collection at home, look into storage facilities nearby.
Ensure you have the funds for the lifestyle
Let it be known that becoming a classic car collector isn’t a cheap hobby. A car can be an expensive purchase, especially if you want to feature rare models in your collection. As if your wallet hadn’t taken enough of a beating, biting the bullet and forking over the maintenance costs is a must if you want your vintage vehicles to be in tip-top shape.
Set the scene with your first car
Your first classic car is a pivotal moment. Choosing the right make and model can set the tone of your collection. Give some thought to what classic car you’d be proud to have in your collection, as you’ll always treasure your first vintage vehicle.
Don’t undermine maintenance
Maintenance is an unavoidable cost in the world of classic car ownership. Without regular maintenance, the value of your classic car collection could depreciate, sending you into a financial tailspin.
Most classic car collectors have a trusted mechanic on standby trust to maintain their vintage vehicles. But, if you balancers are a familiar friend or know how to buff out a scratch, the DIY route may be the right path for you.
Attend car shows
Car shows are fantastic networking opportunities. Regularly attending car shows is a great way to build your reputation as a classic car collector and get your collection recognized. Aside from the networking factor, attending car shows will grant you the opportunity to find cars for sale, talk to mechanics, and discover hidden gems and hole-in-the-wall locations for buying classic car parts.
Deciding whether your collection will hit the road
Before pulling the trigger on a classic car purchase, perform an intention inspection. By asking yourself what do you plan to do with your collection, you can narrow your search and purchase wisely. Remember, mileage on a vehicle will affect the overall value so keep that in mind before making any purchases.
Breaking into the classic car collecting world is far from effortless. However, with these tips tucked into your shop coat, you’ll know what to expect when buying your first vintage vehicle.