Some of us choose to buy luxury jewelry or rare paintings to advertise status and wealth. But some of us with a passion for auto choose to purchase rare vintage cars. Vintage car prices have dipped in recent years, opening up the market to more people of all walks of life. If you have recently been considering purchasing a vintage car, a little bit of preparation will help you get the best deal for your money. The following tips should guide you in finding an buying the best vintage car;
- Choose a Car You Like
A vintage car is a collectible and like any other collectible item, you buy it to embellish your life. Therefore, it is very important that you purchase a type that is appealing to you. Make sure that the vehicle you purchase is emotionally appealing to you.
- Do Your Research
When browsing through available vintage cars, it is very easy to get caught up in the glamorous and shiny. Be careful not to fall into this trap. Sometimes the shiniest car may not be worth the asking price. Keep in mind that a vehicle is the performance. So, be sure to take a look under the hood before putting any car on your checklist.
Check the number plate also! In most instances, vintage cars come with vintage plates that are worth a LOT of money – so get it appraised. If you’re looking to buy a plate for your vintage car, check out https://www.showplatesdirect.com/show-plates-maker/
It is also a good idea to always purchase a vintage car from a reputable source and never put down a deposit on any car until you’ve met the seller and seen the car. Once you’ve settled on a car to buy, you may want to arrange for a neutral third-party to hold the funds until the sale is finalized and everything checks out.
- Buy the Best
Experts suggest that you should purchase the best car you can afford. This means that you should avoid a car that will require a lot of restorative work unless that’s what you want. Restoring or even repainting a classic car can be very costly both in terms of money and time. To ensure that the car is running as it should, you may want to test drive it before purchasing. You may also want to get an expert mechanic to take a look at the car and determine its effectiveness.
Take the time to inquire about the car’s history. If possible, get the documentation to trail the car from the manufacturer all the way to the current owner.
- Get Insurance
The last step in purchasing a vintage car is to get it insured. Many main stream insurers will cover vintage or collectible cars. You can get collectible car insurance which can be very affordable although it has some restrictions. With collectible car insurance cover, you can’t be used for the owner’s commute. Most insures will also require that you get at least one “regular use” insurance policy just in case you need to take out. Most insurance will limit the number of miles a year the vintage car can be driven, so be sure to understand your insurer’s requirements.
Finally, take the car out for a drive periodically. When not driven regularly, the car can deteriorate over time.