If your long-held dream has been to own a classic car, then you should try to make that dream a reality whenever you can. It might take some time to save up, it might take some time to learn the pros and cons of classic car ownership, but once you’re ready to take the plunge, you’ll never look back. Owning a classic car is a joy.
However, it will only be a joy if you pick the right car to begin with. Buying a classic car that isn’t quite right (or is a lot wrong) can certainly diminish your love for the older car, and it might even mean you no longer want to own one at all.
Just like when buying any car, there are some specific things to look out for. It’s just that with a classic car, there are some other things to check out before putting down any money. Read on to find out more.
To begin with, the cost of a classic car will always be more than a newer car (sometimes a lot more), although how much exactly will depend on the condition and make or model of the classic car you are looking at. The only exception to this rule is if the classic car needs a lot of work, or if the newer car is a supercar or similar. However, in general terms, you will be spending more than you would if you bought something more ‘standard’.
We would never recommend going completely over your budget if you see a car you love, but since classic cars are becoming fewer and farther between, if you are only a little short of the asking price it might be wise to consider finding a top-up through payday loans, asking friends and family for help, or getting additional funds from a bank loan. Missing out on the perfect classic car for the sake of a few hundred pounds doesn’t bear thinking about.
Before you part with any cash whatsoever, you must inspect the car. There are plenty of online auctions where you can potentially find the car you have been looking for for years, but unless you can inspect the car thoroughly, placing a bid is always a big risk.
When you can see the car, rust is something you need to look out for. Classic cars, due to their age and often how they have been stored, as well as how they were originally made, are susceptible to rust, and so you should probably expect a small amount – the only time not to expect it is if you’re buying a completely restored car for a larger amount of money. In general terms, you are going to see some rust at some points on the vehicle. However, if you see lots of rust, or you see where repairs have been made, this could suggest more expensive underlying problems. As well as the more obvious spots, make sure you check the:
- Wheel arches
- Under carpets
- In the boot
Another must-do when you are buying a classic car is to take it for a test drive. You need to feel comfortable driving the car, especially if you’ve never had one before and are used to a more luxurious interior. It could be that, once you finally get to drive one, you realise that classic cars aren’t really for you.
The test drive will also give you a chance to check the engine and the interior more thoroughly.