How to Save Money When Buying a Classic Car

Lovers of classic cars always hear stories about people who randomly stumbled across their dream cars in a junkyard or an old barn, but that probably won’t happen to you. Whether you have your heart set on a 1966 Mustang or a classic Mercedes 190 SL, you need to do your research and look for people willing to sell those cars. Vintage models can go for thousands of dollars and based on demand, some may sell for more than the blue book price. Though you might have your heart set on one specific model, you can still save money on the vintage classic that touches your heart.

Look at Condition

Before you start your hunt, decide on exactly what you want. Do you want a car that is in running order and can hit the streets today, or would you settle for one that requires a little extra work before you can take it for a spin? Classic car collectors spend thousands of dollars and more restoring this beauties, and if you want one in perfect working condition, you’ll need to spend more. Purchasing one that has some rust damage, a few dings or needs repairs that you can do by yourself can help you save.

Search for Mistakes

Searching for mistakes in listings can help you buy a classic car for a fraction of its worth. Sellers who are unfamiliar with what they have might make mistakes like listing the wrong year or manufacturer or even spelling the name of the manufacturer wrong like putting a ā€œZā€ in Mercedes instead of the ā€œSā€ that belongs there. As more time goes by without collectors finding those listings and making offers, the sellers might think they have something worthless and take less for those cars.

Feel Confident Comprising

When looking for vintage cars, you need to think with your head and not your heart. Even if you want the same car you learned how to drive in or the same truck you had your first date in, don’t be afraid to compromise on what you want. Instead of buying a vehicle in the same paint color, you might buy one and repaint it. You can also consider searching for vehicles that are a few years older or younger that might cost less. Being smart as you shop can help you get a bargain on a classic car.