Every car collector knows that buying and maintaining these vehicles is a labor of love. A costly hobby, collector car ownership comes with its fair share of risks- including the actual purchase. Before you drop thousands on that seemingly great deal, follow these expertly given tips to ensure you don’t end up with a lemon. Furthermore, secure your new vehicle with a comprehensive and customized New Jersey Collector Car Insurance policy.
Run from rust.
If you go check out a car that’s covered with rust, it’s wise to walk away. Not that it cannot be fixed, but rust often compromises the originality and the quality of the vehicle. Determine whether or not you want to take on such a big money-guzzling project before driving off with it!
It’s a numbers game.
Check to see if the VIN number, engine, transmission and rear axle numbers are all the same. If so, this means it’s an original and worth much more. While some mismatches don’t mean it’s a dud, you’ll always be safe going with an all-matching vehicle.
Check the mileage.
Naturally, the fewer miles a car has, the more it’s worth. However, if the car was maintained properly and has a lot of miles, it can still be a great buy. Examine the condition of the entire vehicle and test drive it to see how it runs and how it handles. If it’s a great car, offer less for high-mileage vehicles.
Less is more.
Choose a car that wasn’t mass produced if you want a great buy. Jeff Allen of Flat 12 Gallery in Lubbock, Texas, states “The lower the production numbers, the higher the value of the car. Depending on the make and model, there’s a book out there that’ll tell you all the production numbers, all the options, how many were made of each color. It’s amazing the breakdown you can find. Now, with the Internet, you can find more.” It pays to do your homework, so get familiar with the car you want before looking to buy.
At Tri-State Insurance Agency, we offer custom tailored insurance policies that are crafted with you in mind. With over 60 years of experience, we have a deep understanding of the insurance industry and the necessary protections your classic car needs. To learn more, contact us today at (888) 990-0526.