Top 10 Collector Car Buying Tips

Buying a collector/hobby vehicle should be an exciting, fun thing to do. But—without the proper considerations—the results can be frustrating and financially disastrous. Always try to consider all the options available to you when planning a purchase. Here are some critical points to consider before you close any deal.

Tip 1
Carefully consider what year, model and body style you really want to own. A collector car should never be purchased because it's a good deal. Buy a car you will still want to own five years from now. Convertibles are normally more desirable than hard tops.

Tip 2
Establish a maximum affordable budget that will allow you to buy a finished vehicle or one that needs minor work you can do yourself. Restoration shop rates are high. If you buy a fixer-upper, you may quickly exceed your budget on outside labor. Simply plan ahead.

Tip 3
Diligently do your research work. Read all the information about your selected vehicle that you can find. Check auctions, price guides, club newsletters and owners for originality and correctness. Know the codes and numbers before you start to look. Mistakes are costly.

Tip 4
Parts availability is extremely important. Check parts sources for your vehicle in publications like Hemmings Motor News. Abundant reproduction items, along with new or used original items, will make a project car buildup much easier.