So your teen just got their license and they don’t want any ol’ car, they want to buy a classic car. Here’s a quick guide to help them buy one!
by Troop Atomic Mommy
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Your teen just got their license- congratulations! Now comes the tough part- buying them a car. But rather than wanting a new car or somewhat used car, they want something a little more vintage. They want to buy a classic car, but you know nothing about buying and maintaining a classic car.
That’s why we’re here to guide you.
It’s important to understand that buying a classic car is a whole different ball game in terms of what to look for. There are a few things you need to keep in mind before making your purchase. In this article, we’ll go over the rules for buying classic cars for beginners. Hopefully, if you follow the 9 rules below, your teen will be driving their new classic car in no time, so let’s get started!
Rule #1 Do your research
Back in the heyday of car making, there were many lemons, and some makes and models never made it passed the first few rounds of manufacturing. This is why rule number one is at the top. It is extremely important that you do your research before buying a classic car, and to let your teen know why. You both need to know what you’re looking for and what you’re both getting into. There are a lot of factors to consider, such as make, model, year, condition, price, and more. So, don’t rush into your purchase without knowing all the facts.
Rule #2 Understand it’s more than an investment
Depending on the make and model of the classic car, they can either be an investment or simply a hobby. That’s because these kinds of cars don’t have a streamlined market value. Some will be very rare, others may have only had a few made, and some may been completely restored. For these reasons, their values can be quite rocky over the years. So what might be worth a ton of money today, may not be tomorrow.
With that said, you need to dive into the true reasons your teen wants a classic car. If it’s just for a hobby or because they love that vintage style, then you don’t have to worry about finding a top notch classic car. But if they are looking for something to restore and to keep, then your price point to buy one needs to be flexible.
The good news is that classic cars can be both an investment and a hobby. It’s something your teen will need extra help and funds to maintain and enjoy. If your teen driver is not passionate about cars and only wants the look of a classic car, then this kind of ownership is probably not for them.
And remember, with the purchase of any car comes extra costs, especially with classic cars. So, be prepared to spend money on things like repairs, parts, gas, and more.
Rule #3 Say “NO” to rust
When it comes to classic cars, rust is a big no-no. Rust can cause serious damage to a car, and it’s not always cheap or easy to fix. If you’re looking at a car that has any rust, it’s best to move on. There are plenty of other options out there.
And while we’re on the topic of damage, be sure to inspect the car thoroughly before making your purchase. Look for things like dents, scratches, torn fabrics, electrical issues, and worn paint. These are all signs that the car has been well-loved and may need some work.
Rule #4 Understand the cost and availability of parts.
Another important factor to consider is the cost and availability of parts. Parts of classic cars are hard to find because they’re no longer being manufactured. Some parts could even need to be custom made to match your vehicle’s needs if you can’t find a part.
Here are a few questions to ask yourself when searching if a classic car suits you: can you find parts easily?, how many of the same make and model have been made?, how expensive will the parts be?Doing a thorough research on these items can save you may headaches and money down the road.
Rule #5 Make sure the car has everything you need
When you’re buying a classic car, you’re not just buying the vehicle itself. You’re also buying everything that comes with it, such as the engine, transmission, wheels, tires, etc. Make sure the car has everything you need before making your purchase. Believe it or not, some classic cars, especially the ones in junkyards, have already been picked for parts. So, it’s best to inspect the car you’re interested in.
For example, if your teen is looking at a Chevelle, not only do you need to check to make sure it has all of its parts, but you should also find a Chevelle parts catalog online and use it as a reference. This will help you make sure the car has everything you need.
Rule #6 Join a classic car club
Just like team sports are good for camaraderie, so is Joining a classic car club. If and when you do purchase a classic car for your new teen driver, try to encourage them to join a classic car club. Membership in one is a great way to meet other like-minded people and learn more about their new car. It’s also a great resource for finding parts, services, and more. If your teen is serious about buying a classic car, we recommend joining a club.
Rule #7 Know how to drive a classic car
Classic cars are not like modern cars. They don’t have power steering, seat belts, automatic transmissions, air conditioning, automatic wipers, auto daylights, sensors, and more. So, if your teen has never driven a classic car, it’s best to have them practice driving one before buying. This will ensure that your teen learns the proper handling, will help them avoid accidents, and help them know how to drive it in bad weather.
Rule #8 Find good insurance coverage
Regular cars require regular auto insurance. But a classic car could require specialty insurance. Because classic cars are not just driven daily but also for pleasure, insurance requirements can vary. Before you purchase a classic car, it’s important to call a few insurance companies to see what their rates are for the type of classic car your teen is looking to buy. Compare the price quotes and then when you’ve purchase the car for your teen, be sure to insure it.
Rule #9 Have a specialty mechanic
Most mechanics today are experienced in foreign cars and American cars. But not many are equipped to repair classic cars. With that said, it’s always a good idea to find a specialty mechanic with emergency repair options to assist you with any classic car issues that you will undoubtedly face.
The Takeaway
There you have it! These are the nine rules that you and your new teen driver need to know in order to buy a classic car. Follow these guidelines, and you’ll be driving your dream car in no time.