VINTAGE CARS are a hot commodity in the collector’s market. The British marques are particularly popular, but there is no shortage of American classics either. In fact, it seems every year, an older model vehicle gets added to the list of “COLLECTIBLE” cars.
This article aims to help those individuals understand what they can expect when buying or selling these EXOTIC CARS to avoid unpleasant surprises.
MOST WANTED COLLECTIBLE VINTAGE CARS: 7 CLASSIC VEHICLES COLLECTORS LOOK FOR
If you are looking for a vintage car that will be worth something in years to come, we have done extensive research and come up with a comprehensive list of seven classic cars below. They proudly enjoy a similar kind of “most wanted” status.
- 1954 – 1957 Mercedes Benz 300SL Gullwing
- 1925 – 1931 Rolls Royce Phantom I
- 1937 – 1940 Lincoln Continental
- 1948 – 1954 Jaguar XK120
- 1940 – 1964 Cadillac Series 62
- 1931 – 1939 Alfa Romeo 8C
- 1957 – 1960 Ferrari 250 GT California Spyder LWB
WHERE YOU CAN BUY OR SELL YOUR VINTAGE CARS: 7 LITTLE-KNOWN SOURCES
The first step for both buyers and sellers is to find the right dealer. Many websites and magazines provide listings of EXOTIC CARS available for sale. However, other options exist, such as online auctions, consignment dealers (which may charge a commission), classified ads, word of mouth, and more.
Below you will find the list of the most authentic online VINTAGE CAR marketplaces with thousands of genuine collective vehicles in their stock at any point in time.
- Copart.com
- Mecum.com
- Manheim.com
- ClassicCars.com
- Hemmings.com
- Craigslist.com
- eBay.com
Once you have found a good source of supply, you need to determine your budget. Do some research to see what similar models go for in the current market.
HOW TO BUY AND SELL VINTAGE CARS FOR PROFIT?
There is no doubt that owning a VINTAGE CAR is a dream for many people. However, there is also oa lot of hype around these vehicles, which makes it difficult for someone new to the market to know if they are getting a good deal or not.
The following tips should help you better understand how these classic COLLECTIBLE vehicles are sold and bought so you can make more informed decisions.
- Conduct thorough research about the vintage car you want to buy.
- Do not get overconfident and overpay for a car just because you like it. Know the average value of the vehicle you wish to purchase by researching online.
- Beware of sellers who try to lure you with low prices for a heavily damaged vehicle. It is usually not easy to restore them, and you may end up paying more than their actual worth.
- Always maintain your vintage vehicle regularly, even if it seems fine at first glance.
- Buy cars that are known as investments.
- Only buy a certified pre-owned model.
- Insist on getting a bill of sale and title for the vehicle you intend to buy.
CONCLUSION
It is important to remember that this is a competitive industry. So, you must ensure that your vintage car looks its best. If you keep all the original parts and documents, you will likely get more money in return.