It’s summertime and the living is easy, especially when you are cruising around in a shiny classic car. If you are considering a classic car purchase, congrats!
Buying a classic car can mean hours of fun tooling around, going to car shows and working on your new toy.
They are also beautiful and can be a good investment, if you get the right car and take care of it.
Here are a few things to consider before making a classic car purchase. Read on:
Like any major purchase, a classic car purchase requires a lot of research. Are you looking for a fully restored vehicle? Do you want to do some work yourself? Do you want to do ALL the work yourself?
If this is your first classic car, you might not know where to get the parts you need for the make and model you want. It is always a good idea to visit several local car shows and get to know some local owners, who can give you the scoop on what it’s like to really own a vintage automobile.
Setting a budget on how much to spend on your classic car isn’t just the sticker price. It should also take into account how much it will cost to restore it and maintain it – and possibly store it, if you don’t have room in your garage currently.
Classic cars always need maintenance as well, so when you are talking to your new friends at the car show, make sure you get the name of a trusted mechanic.
Once you’ve found your dream ride, it’s time to protect it. Making sure you have the right kind of classic car insurance is key to protecting your investment – and making sure it’s well cared for – for many years to come. After all, you might want to pass it down to your children and grandchildren, right?
At Crumrine Financial Services, we can help you properly insure your new classic car today. Call us for a quote.