Everything you need to know about insurance basics, like coverage types, limits, cost and more.
What to Know When Buying an Antique Classic Car
Level of involvement. Are you planning on repairing or restoring the vehicle yourself or do you want something that is already in mint condition? Be honest about how much work is required and how much you can afford to outsource or do yourself.
Use and storage. Whether you’re dreaming of blue ribbons at classic car shows, or just tooling around the neighborhood, it’s important to think about how you’ll be using your new set of wheels. Similarly, you’ll also need to think about where you will store your vehicle when it’s not being used. These questions will play a practical role in your choice of vehicle.
Research. You’ve probably already done some research and have a lot of ideas about your future car, but digging even deeper can help make your decision. Talk to owners of similar vehicles, join car aficionado groups and keep reading.
Inspect the vehicle. If possible, you should carefully and thoroughly inspect the vehicle before purchase. As with any car purchase, it’s a great idea to bring a mechanic with you, and if you can find one that specializes in classic cars — all the better! Make sure to carefully inspect the big 3: body, interior and engine.
Car history report. Getting a car history report on a classic or antique vehicle can give you insight on the car’s past. The problem with getting this information on an older car is that Vehicle Identification Numbers or VINs were introduced in 1954 and not standard until 1981 so the reports are a little harder to come by and may take more legwork.