Have you always dreamed of starting your own classic car collection but have never had anything other than a regular car?
With some research and a little bit of first hand experience, here are Carlassic’s tips for first-time classic car collectors!
Classic car collecting may not be as popular as investment property but it sure it a lot more satisfying!
Classic car collecting is something that strikes a certain persons attention and usually that person is a car enthusiast/lover.
Making money off car collections isn’t exactly what collectors are in it for.
It’s more or less for the love and passion of vintage, unique and classic vehicles that are quite rare.
As a hobby it’s quite democratic. Although the wealthiest car collectors have hundreds of classics in their collection, you can start your very own with just two cars! It’s still a collection!
If you want a really big collection, then our advise to you is START SAVING THOUSANDS and get the know the car market because it’s going to help you!
If you read this blog on a regular basis, you would know that classic cars are priceless – one single vehicle can be a few million dollars.
Take some of these points down if you want to get serious and start your very own collection!
- Get to know the vehicles and understand the value of the classic you are buying – not just price-wise!
The history of the car is something to consider, a lot of the classic cars we see with high price tags usually have a story that comes with them.
Keep your eyes pealed for memorabilia or cars created by obscure brands or engineers.
- Maintenance is a must for your classic car collection. There isn’t much point in collecting and not looking after the cars.
Before rushing in, decide how much maintenance and repair your willing to do and base your car purchases upon this.
It can easily cost you a few thousand dollars annually – some hobbies are more expensive than others, what can we say!
This means if you’re serious about collecting its important to take proper care of your vehicles in order to hold value.
- If you have decided to invest in a classic car collection, research the next generation classic car and start purchasing while they are still affordable!
This means cars developed in the 1980s and 1990 are the best starting point to get collecting.
Things to look out for are cars that are known for being the best sports car of their time, or a “forbidden fruit” meaning they are already becoming rare.
- Networking and find out what others are collecting – it’s a lot of fun for classic car collectors to meet other like-minded people who also enjoy and share the same hobby as you.
You can share advice with each other and admire one another’s collection.
At the end of the day, its all about the passion for classic cars so admiring others cars is apart of the process.
- Once you have started to build your collection, don’t forget to incorporate it into your home and get behind the wheel once in a while!
A classic car collection is similar to an art gallery or museum, everything on display is special in some shape or form and that’s just what its like for classic cars.
Some fantastic classic car Australian online sellers and auctions include; Just Cars, Trade Unique Cars, Collectable Classic Cars, Prestige Classic Cars, Shannons, Classic Rally – just to name a few.
Here are some of our future classic predictions, tell us what you think your future classic car predictions are.
1985-1933 Mercedes-Benz 190 E
1990-1997 Mazda MX-5 Miata
2000-2005 Toyota MR2 Spyder
1982-1991 Porsche 944
1986-1991 BMW M3
2000-2005 Toyota MR2 Spyder