Collections come in all forms and sizes so it’s no longer a surprise when we hear about vehicle collectors. Chances are you know one or two from your circle who’s been bitten by the “car bug” aka people who’s got quite the passion for machines. However, a lot of us have been told or at least heard of lies about such collections and the people behind them. Today, we’re about to uncover the facts and set things straight with the help of professionals from Classic Car Labs no less!
1. You have to be rich.
What? Say it ain’t so! You don’t necessarily have to be a Kardashian or any other celebrity for that matter. No, you don’t even have to be freaking rich to own a collectible vehicle. It’s true that these pieces aren’t dirt cheap but smart planning, budgeting and saving will take you places. There are vehicles that are affordable. You don’t have to start with the most expensive item to be called a collector. That’s not what the term was made for. Start small and then build it up from there.
2. They’re all old and passé.
First of all, that’s the beauty of a vintage vehicle. They’re antiques and they hold a piece of history in them. But not all collectible cars are vintage or a classic. A number of modern ones are available too. Manufacturers continue to release limited editions for years allowing fans and aficionados more options to choose from.
3. You’re throwing money out the window.
Many would say that collectible cars are not worth the money. Vintage and classic ones in particular are too old; they won’t hold up for long. They’re wrong. Very much so. Think about it this way, if they are not worth the investment then why has trading classic and collectible machines a very lucrative business? They’re rare. Add the factor of good maintenance and they make quite a financial investment. Oh and have we mentioned that they increase in value over time?
We’ve been told many lies and it’s up to us to validate facts says Classic Car Labs. Don’t be swayed by hearsays and rumors. If you do, you’re going to miss all the fun you could have had. Besides, owning collectible vehicle is a lot of responsibility so if you can’t differentiate the lies from the truths then you might not be a good car parent after all.