4 Reasons Why We’d Rather Buy A Classic Car

Lately we understand buyers frustration with the automotive industry. With pandemic delays, price spikes, and a looming recession, the reality is car buying is not what it used to be. There’s rarely a deal. Cars are being produced without key safety and tech features. Not to mention, insurance costs are rising at an exorbitant rate compared to a year ago. Virtually, every car owner feels the pinch of driving nowadays. And though drivers want the safety and reliability of new makes and models, there are certain things about classic cars that new models can’t compete with. Apart from timeless style and structure, classic cars are often cheaper to purchase and relatively easy to fix-up yourself. To summarize, we’ll give a quick rundown on the 4 reason why you might want to buy a classic car in 2022.

4 reasons to buy a classic car

Like most auto enthusiasts, we’ll always have a love and appreciation for classic models. Sure, Tesla’s are pretty amazing and we’re excited to see how electric vehicles evolve. But nothing really compares to a roaring engine of iconic classic vehicle. In fact, I don’t think their appeal or nostalgia will ever really wear off. That’s why, we think it’s time for those who’ve been putting off buying their dream classic model to take the plunge. Here the logic behind our reasoning:

1. Cheaper to purchase

A lot of times you’ll find that classic cars are significantly less expensive than buying or leasing a new vehicle. Of course, this doesn’t comply with every classic model. For example, an original 1968 Mustang Shelby will most definitely break the bank. However, the majority of classic cars will range in value from $20,000-$30,000, depending on the restoration and condition. With the average new car price increased to $47,148 as of May 2022, there is only one expectation for new car buyers — expensive! 

Though it’s not as common to see classic car dealers in your town or neighborhood, luckily there are a number of online resources and auction sites that will take you exactly where you need to be to find an awesome deal.

2. Less hassle to fix

Modern vehicles are full of electronics and computers that even the most skilled mechanics have had to learn in the last few years. Simply put, it’s not like the old days when something went wrong and your car spent a few hours in the auto body shop. With a classic car, you get right back to basics. Should you need a repair or service, you can generally do the work yourself. And thanks to the web, it makes it much easier to source car parts in the case you need a replacement for your specific make or model.

In truth, most classic car owners appreciate getting their hands dirty and popping open the hood. There are several maintenance and repairs you can learn to do on your own. Here are a few guides to revert back to when the time comes:

• Repairs and Maintenance Every Car Owner Should Know
• When Should I Replace My Brake Pads and Rotors?
• Should I Restore My Headlights?

3. Depreciation

Whether you buy new or used, there’s no way of avoiding depreciation. However, new cars depreciate much faster than older classic vehicles that tend to hold their value. In addition to this, new car tech gets replaced rather quickly nowadays thanks to artificial intelligence and other innovative tech advancements. This also contributes to the rapidly increasing depreciation of new models. With this in mind, the idea of purchasing a classic car, well, kind of sounds like the better deal. And, there’s another perk to buying a classic car.

Oftentimes, classic models will actually increase in value if you take the time restore or upgrade it for resale. It’s fair to say that most classic models on the market need a little modification and refurbishing before they are restored back to their former glory. Why not take the time to increase the value of your classic vehicle?

4. Standout from the crowd

Several drivers flock to the same SUVs and sedans on the market these days. And admittedly, we understand why. Great performance, comfort, and reliability are all reasons to buy a new vehicle. By the same token, there’ nothing quite like the iconic persona of a classic vehicle. The character and timeless design is simply unmatched. Odds are driving a classic model will bring you a lot more happiness than sitting in the driver seat of the same car as the person next to you. All things considered, owning a classic car is a unique experience.

On top of that, classic cars give you the ability to modify and design your dream car on your own terms. In a way, these iconic vehicles make some of the best garage projects, that are sure to bring you joy.

Where should I go to buy a classic car?

Because shopping for a classic model is a different shopping experience from traditional car buying, we want to give our readers the best resources to find their dream car in 2022. Although car auctions are typically the best place to snag a deal, here are the top online resources for classic car shopping:

• Manheim.com
• ClassicCars.com
• Mecum.com
• eBay Motors
• Autotrader
• Private Seller

And sometimes it will depend on the type of classic beauty you are looking for. There are select collectors who restore and resell specific models too. Ultimately, you can search and scour for local dealers that may sell classic models too.

Are you ready to buy a classic car?

We think buying a Mopar, muscle, or vintage model is always a good idea. Yet, recently it seems like the best financial move. That’s even more true if you’ve been dreamed of owning one for quite some time. If you’re ready to fully commit to being an auto enthusiast, check out our guide to the Top 3 Classic Cars to Restore in 2022.