Statistics indicate that the United States is the world’s biggest market for classic cars, generating approximately 14 and 15 billion dollars in 2020. Indeed, classic cars can distinguish you from the crowd, as you’d be representing a different era. Moreover, they can be considered antiques, and their value can increase, especially when they are maintained well. They can also be great conversation starters, leading you to attract people and forge meaningful relationships. You can still go wrong when purchasing these antique vehicles despite these benefits. However, you can make the best decision with the right steps. Therefore, consider these things if you plan to purchase a classic car soon.
- The most important features your car should have
Admittedly, not all cars have the same features, and knowing what you want can make your search easier and less stressful. Many consider comfort, speed, and horsepower before buying classic cars. Horsepower refers to how strong an engine is and will make all the difference whether your vehicle will work well. Likewise, speed refers to how fast a car can move, while comfort determines how you’ll enjoy being in your car, especially for longer periods. If you’re struggling to determine your needed features, you can draw inspiration from what purpose you want your classic car to serve. Some people want display cars and wouldn’t care for these features.
However, if you’re looking to use it as your regular transportation mode to work, movies, or grocery stores, you want to consider its speed. Also, horsepower is important if you intend to drive on open roads with less traffic. Consequently, going on long road trips requires you to be in your car for extended periods without feeling stressed, making comfort another essential feature worth considering.
- Spare parts’ accessibility
Sure, your preferred car is beautiful and has all the desirable features. However, don’t jump into purchasing; instead, ascertain if you can readily access spare parts when needed. Even if your vehicle is in optimum shape, there’s no denying that damages and faults can occur anytime. And it can become a problem if you can’t get the needed parts to correct the faults. Not only do you risk damaging your vehicle even further, but you can spend a lot of money to get what you need. These situations don’t seem ideal. Therefore, research the brand and car model to ensure you can get your spare parts to help you make an informed decision. Fortunately, classic car websites can offer you enough information, so feel free to leverage them. Also, classic car swap shows, classic car clubs, and salvage yards can help you get spare parts.
While at it, ensure that you’re investing in genuine spare parts. This is because fake options can lead to engine failure, endangering your and other drivers’ lives. Moreover, they are of inferior quality and can damage your vehicle. Fortunately, you can spot certain signs that differentiate the original from the fake, so keep this in mind. For instance, flimsy packaging, typographical packaging errors, or mismatches can signify fake spare parts. You also don’t want to get excited at their unreasonably cheap prices, which can signify that they are counterfeit. As a tip, work with a mechanic well versed in classic cars to help you buy the right items. Ensure they have lots of experience handling your car model before trusting them.
- Insurance
Like all vehicles, your classic car requires insurance to protect you in the event of accidents or other unexpected circumstances. However, classic car insurance differs from standard auto insurance because it’s specifically designed for categories such as 25-year-old collectible cars, exotic vehicles, hotrods, muscle cars, and ultra-luxury cars. And it tends to be less expensive, although it comes with its terms and conditions. Traditional insurance policies require more premiums because they cover daily drivers, while classic car insurance is meant for cars with less mileage and have less premiums due to reduced risks. Speaking with a credible insurance broker is essential for a more informed decision.
You should also note that your car’s age may not be sufficient to get you classic insurance coverage. For starters, you aren’t permitted to use your car for everyday use, and some insurance requires that you have an additional car for regular use. However, you’d need to customize your insurance package if you insist on using your classic car more often. Consequently, invest in a good storage facility for your car, as insurance brokers will consider that before offering you a policy. You can also be disqualified if you have a record for DUI, speeding violations, reckless driving, etc., so keep this in mind.
- Test drives and professional inspection
Classic cars can be great investments, making it essential to ensure that you are making the right decision. And you can achieve this by having a professional inspection and some test drives. A thorough inspection can help you acquire a detailed report of the vehicle’s exterior and interior conditions and identify hidden faults. Moreover, you can familiarize yourself with the car’s history, including previous repairs, damages, rust, etc. You want to ensure that your inspector checks the car’s VIN paint job, glass and trim, brakes, engine, etc.
Consequently, take the car for a test drive, and keep your eyes out for certain things. For example, the dash warning lights should illuminate after starting the car. Also, pay attention to squealing, tapping, or ticking noises, which could indicate a problem. If you’re convinced about the car’s optimum condition, you can go ahead to purchase ot.
- After the purchase
Now you’ve acquired your classic car. What next? You’ll find it helpful to register it to avoid run-ins with the law. As a tip, visit your state’s website to determine the requirements for classic car registration. Consequently, you can obtain a new number plate- consider personalised plates for a unique touch. It’s also prudent to replace the coolant, clean the gas tank, and swap your oil, so feel free to consider these.