For many people, owning a historic vehicle is a major dream. Unfortunately, many historic vehicles cost millions of dollars at auction, sometimes more when sold by a private owner. Finding the right car for an affordable price can be difficult, but here are some tips for saving money on your classic luxury vehicle.
- The condition of the car’s body is the first thing you want to look for. Dents, dings, and rust can all be repaired, but may be more trouble than they are worth. Check the frame to make sure it isn’t dented or bent anywhere, as that can be a safety hazard.
- Look around for pricing consistency. Do an internet search for the car’s make, model and “sold for.” This will return thousands of results, allowing you to make an informed decision about whether the price asked for the car you want is reasonable or not.
- Check the car’s mileage. While a car with low mileage may not be any better than a high-mileage car that has been well-maintained, the difference in the mileage should be reflected in the price of the vehicle.
- Instead of investing in an original production model, consider purchasing a kit car. AC Cobra kit cars are incredibly popular, and you can often find a fully-assembled Cobra kit car for sale for only a few thousand dollars. Usually the internet will have listings for an AC Cobra replica for sale with customizeable options like paint color and interior trim.
- If you are more interested in re-selling your classic car, consider investing in a performance car from the 1980s. These are expected to be the next big trend in classic car sales, so buying one while they are still relatively inexpensive could be a great investment move.
Whether you are looking for an AC Cobra kit car for sale or a shiny Mustang, buying a classic car should be an enjoyable endeavor.