A classic car is a big investment, especially if it needs to be fully restored. When putting that much money into something, you want to do everything that you can to keep it in the shape that it was restored to.
The value on classic cars will vary, but some of them can be as valuable as a house. For example, the late 60s and early 70s Dodge Chargers average from $26,000 up to $65,000 and some go much higher in price. Some other antique cars cost into the six figures.
It is possible to find classic automobiles cheap, but to get them cheap you will have to do the restoration yourself. Restoring a classic car will take a lot of time, money, and patience tough. A restoration project can be a great project for a father and son to do together. It can be a great bonding experience and it will make the car mean so much more than if it was purchased already restored.
There are certain ways to make sure that your investment stays safe. One of the most important things is protecting your antique car, which means keeping it out of the harsh elements that Mother Nature will bring. This is especially important in regions that deal with cold, snowy winters. Having a garage of your own, or access to one that you can rent to store your classic car is essential.
During the winter you should keep your car stored away and not drive it at all, even if it is a decent day. Regions that have a lot of snow also salt their roads a lot, and salt is one of a cars worst enemies. If you do take it out on a rare nice day during the winter you should always be sure to wash the salt off before putting your car back into your storage facility. Salt is known to cause rust and other body damage over time and this is the last thing you want happening to your investment.
Since a car is not considered an antique for 25 years, original paint and parts will already be worn if they have not been replaced. If the car has the origin paint still on it then it will be even more prone to damage. Even with the car being stored in a garage you should also consider keeping it under a car cover to give it extra protection.
Having good car insurance for a classic car is a must, and there are many companies that focus on insuring only antique cars. Antique car insurance is extremely affordable ensures that your investment is protected. No matter how much you baby the car, and how safe you think it is, accidents can and will still happen.