Classic cars are ever popular, but just how do you decide which one is for you and whether it is worth the investment? In an article for The Telegraph, Ross Bowdler has suggested other things to look for when buying a classic car. Without further ado..
Rarity
How many were made, how many are left and is it widely acknowledged as a desirable model? Crucially, are there comparative examples for sale to indicate current market value?
Provenance and history
Is this documented and undisputed and are there interesting previous owners which might enhance the value of the car outside the classic car market?
Competition history
If appropriate to the car, does it exist and has it been well documented to make it a desirable and eligible entrant for event organisers?
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Condition
Is work required to make the car reach the value of the highest valued examples available, or at least to get it in good, usable condition? If a lot of restoration is required, would the car’s resulting value justify the expense?
Practicality
What can you do with the car? Could you jump in it for a Sunday morning blast without extensive preparation?
In the end, the value of a classic car is based on what someone is prepared to pay for it. Ultimately, buying a classic car is just like buying art… the real key to buy something with which you have a connection. Good luck!
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