While the exact definition of a classic car varies depending on who you ask, collectors usually hunt models that are deemed to be rare – and in turn, valuable.
One way or another, purchasing a classic car is an investment. For some, it represents a lifelong dream and a big item on their bucket list, while for others, it’s approached pragmatically as a long term tool for wealth generation. Either way, there’s a special little kick that owning a classic car delivers and can only be explained properly by those who have one in their possession.
According to Money Mag, investing in cars is an asset class that has quietly risen 467% in just ten short years. As many have seen, vehicles can double in value in as little as twelve months providing that you choose the right model and the condition that the vehicle is in.
However, just because a car is ‘old’ or was manufactured during a certain period of time, it doesn’t mean it’s a worthy investment as a classic car. You see, not all vintage models were made equally. While the care that classic cars receive over the years can very much influence their final sale price and overall value, the value of a classic car is also linked to how accessible getting your hands on one is.
What Makes A Classic Car Valuable As An Asset
If you fancy yourself as a budding classic car collector, then the trick lies in purchasing a model that is both high in value, and in quality. While the latter is usually much easier to identify on face value, the former can be slightly more complex to determine.
To an extent, any classic car can be considered to be a rare find. After all, they’re not exactly churning them out by the dozen anymore, and in time, the value of just about any vintage model will inevitably go up. However, if you’re not willing to wait or risk taking a gamble on your automotive investment, there’s usually a few key pieces of criteria to consider if you are on the hunt for a rare and valuable classic car, such as –
- A unique feature not found on other makes or models, such as gull-wing doors
- Limited production of a particular make or model
- An older make and model with a dwindling number of vehicles still intact
- Special factory modifications not found on other models, such as a one-of-a-kind exterior
- A famous history, such as an appearance in a film or ownership by a VIP
Fundamentally, rare types of cars are generally classed as classic cars, but not all classic cars are considered to be rare. As the very term implies a limited supply combined with a high demand, sometimes personal taste can often influence the commercial appetite for these types of cars as opposed to their actual ‘collectability’.
If you find yourself in the market for a classic or vintage car, the process is not quite as simple as taking a stroll to your nearest dealership. Buyers can often get a swift reality check when it comes to just how limited particular models are, and often see them get snapped up quite quickly – even from interstate buyers who haven’t even laid eyes on the model.
As such, partnering with a classic car dealer can be a game changer when it comes to tracking down a specific type of model for the right price – but where do you find one?
Getting Your Hands On A Classic Car
Meeting a fellow vintage auto enthusiast can feel a bit like finding a needle in a haystack, but rest assured that Wayne’s Garage understands the thrill more than most. Having spent forty years collecting anything and everything from matchbox cars to hub caps, he’s successfully followed his passion to source, collect and stock beautiful and low mileage classic automobiles from around the world. With extensive experience in the automotive industry, it was only a matter of time before Wayne expanded on his love of vintage, iconic vehicles to share his knowledge and passion with the public.Although his passion is for automobiles built before 1978, with a particular love for Buicks, Cadillacs, Lincolns, Oldsmobiles and even Fords, Wayne is just as passionate about the stories of the owners. Just like the cars, he has found that his fellow classic car enthusiasts all have wildly different attractions and logic behind their passion or hobby, and this often translates into how the car is presented. If it’s even remotely different, rare or just plain unusual, Wayne will overcome the relevant logistical and geographical challenges of bringing the cars to his showroom in Australia.
Wayne’s Garage is a showroom conveniently located at Seventeen Mile Rocks, that specialises in the restoration and sales of vintage automobiles. In fact, he’s got a medley of fully restored models in stock right now, which can be viewed online via Wayne’s Collection. If you’re on the hunt for Brisbane classic cars – quite simply, Wayne is your man. If you would like to arrange a viewing or inspect any other of our classic vehicles, please get in touch with us today.