So, you’ve set your sights on purchasing your first classic car, and you want to ensure that you’re truly getting your money’s worth. Amongst other things, you’ll have to be careful not to choose a car that may end up costing you much more down the line.
With this in mind we wanted to go through some tips to help you save some money on your first classic car purchase…
Make Sure You Shop Around
The price of classic cars can vary a lot between models, with some being reasonable affordable, and others being exceptionally expensive. Luckily there’s plenty of options for someone looking to break into classic car ownership, with cars available that can suit any budget and taste. So make sure that you take advantage of the choices that are out there, and don’t rush into a decision. When you decide on the type of classic you want, be patient and look around for the best possible price.
Keep in mind that the much older cars will be in short supply, so you won’t always find exactly what you’re looking for straight away. If you make a quick decision and purchase the first classic you see that looks good, then you could end up paying over the odds just so that you get the car quicker.
Make Sure You Invest in The Right Car
Seeing as though you are looking to purchase your first classic car, it stands to reason that you may not have a particularly big budget. However, it can really pay off in the long run if you stretch your budget out as much as possible, or even wait to save a little more, so that you end up with the best classic you can get for your money.
Of course buying a cheaper classic makes sense if you have the desire and drive to take on a challenging restoration project. But if you’re simply looking for a working old car that you can take out on weekend drives, then it may be best to steer clear of such projects. It’s really important that you take careful consideration before you decide to invest in any classic car, and it may be beneficial to pay a little more in the beginning, to save money later.
Make Sure You Get The Right Insurance
Once you’ve secured your first ever classic car, you’ll need to make sure that it’s properly insured of course. It’s important to make sure that you think about the level of cover you require, and that the insurance is specialised when it comes to protecting classic cars.
Compare deals and always check the policy wording and documents to ensure you’re getting the level of cover you want and need.