So, You're Buying a Classic Car...
1. Pay attention to the condition of the car. Though we love the look of vintage cars, we don’t love the rust that may accompany it. Rust and paint bubbles can be fixable, but consider how much money and time you’re willing to put into fixing these p
2. Consider the mileage. Mileage is a key factor in the mind of many classic car buyers. If you’re new to the classic car buying world, you may feel most comfortable sticking to cars with lower mileage. But, if you’re a bit more experienced, there’s nothing wrong with cars that have a higher mileage if they’re in good condition. Higher mileage tends to mean cheaper prices, which can be a nice alternative to more expensive options.
3. Think about production quantity. The rarer a classic car is, the more value it has to its name. If a manufacturer only produced a small amount of a certain model, chances are the car’s value is high. You might want to consider a rarer model, if the vehicle is within your budget.
4. Assess the colors. You may not realize it, but color has a lot to do with a car’s value. If you find a classic Chevrolet in a strange color, it may be a valuable purchase (if that is the original color). Sometimes a car’s coloring has a back story—perhaps they were custom made for somebody noteworthy, or the color may have been a limited-time design option. This may increase the overall rarity of the car, meaning an increase in value!
Being a classic car buyer means making some tough purchasing decisions. Fortunately, there are some go-to factors to consider, which will help to make your decision a little bit easier!