How to Buy
If you’re looking to buy a classic car, there are a number of things to bare in mind and have organized prior to signing on the dotted line.
If you’ve decided on the exact make and model you’re after, your work is half done; if you’re still choosing, make sure you do your research! Consider the practicalities – will you want to use your car (on the road), and if so, will you need spare parts or anything special for maintenance purposes? If this is a possibility, try to avoid buying a make or model which is impossible to track down spare parts for, or which needs specialist mechanical attention.
Insurance is another absolute must if you are investing in a valuable or rare make. Unfortunately, some of the larger car insurance companies hesitate to insure on old or modified cars, so it may be necessary to shop around and make a few phone calls to find the right insurance package. There are a number of specialist insurance companies who offer deals for car enthusiasts or collectors, and who will offer a tailor-made package for your car – sometimes after inspection by one of their detailers. Although you may have to pay more for the insurance than you would for a more modern ‘normal’ car, it is worth it for the peace of mind alone. If you are under the age of 21, or your car has had additional modification, you may face additional problems or costs when it comes to insuring your beloved vehicle, but the alternative – not being able to drive your car or risking fines – is even less desirable.