When you are cruising down the road, you invariably see some cool classic cars, and if you are anything like me you may feel the urge. It sure would be nice to have some options when you have a Saturday off and you want to go for a cruise.
This is natural, but then the doubts start to creep in. You come up with various reasons you shouldn’t take the plunge. You may decide it is an extravagance, and you already have transportation. The money can be better spent elsewhere, yada, yada, yada.
It’s easy to tell yourself why you shouldn’t have something that you want. In this post, we will look at the other side of the equation.
Here are the top five reasons you should buy a classic car.
There is a very practical reason to purchase a classic car: depending on the current economy they typically go up in value. Everyone is looking for sound investments, but you can’t drive your stock portfolio on the weekends. You can enjoy your investment in a classic car whenever you get behind the wheel.
An older car is going to tell a historic tale. When you understand the history of the vehicle, you gain an added layer of satisfaction. You are keeping something of value alive, and people can see that history in action every time you drive past.
Classic cars are fun to drive, it’s as simple as that. Life is short, and you should grab all of the fun that you can while you have the chance. Shaquille O’Neal once called the concept “sucking the marrow from the bone of life.”
We have all seen amazing classic cars that have sold for hundreds of thousands or even millions of dollars. If you have that kind of money, you have many options. On the other hand, there are classic cars that can be purchased on any reasonable budget. Those who have a knack for restoration can put in sweat equity and get great value. Short of this, you can probably find a classic car that is in good shape that you can afford.
Classic car owners have a lot of opportunities when it comes to socializing and camaraderie. There are all sorts of classic car events going on at all times, and you can always keep your social calendar full when you have a classic ride in the garage.
Remember, buying a classic car is a labor of love. Although it takes a fair bit of research and legwork to do it right, it’s absolutely worth the investment because the last thing we want to do as a first-time buyer is accidentally pick up a lemon. Consider getting a professional inspection. Not all mechanics are qualified to evaluate classic or collector cars.
Thankfully there are plenty of qualified inspection companies out there to help you out. Here are a few companies that specialize in classics ( AAG Auto Appraisal Group, or FossilCars. Classic Car Network, AAG Auto Appraisal Group, and FossilCars.
If you are in the market for a classic car or truck, its very tempting to use a free site like Craigslist, Facebook Marketplace or any of the other free platforms. The deals that are offered will sometimes astound you. But you will need to be cautious to avoid devious car buying scams. Every year, about 40 million used cars are sold in the United States. Unfortunately, a considerable number of used car buyers fall victim to car buying scams. Remember online diligence is a necessity, always use your common sense and pay attention to your intuition. Buying local where you can personally inspect the car is probably the safest way to buy an older vehicle.
Take the extra step to to find out more about what a classic car costs to maintain, research local classic car clubs or online forums in your area. Reach out to their membership to see whether they’re familiar with the particular make and model.
Related: Here Comes The Judge | Cult Classics The Mazda RX-7 | Overlooked Classic Cars – The Oldsmobile Toronado