Starting a classic car collection is about more than just finding valuable pieces. For many collectors, their collection stems from a true love of classic cars and sometimes even a bit of nostalgia. Beginning a classic car collection may seem daunting, but it is not always as difficult as people may think. Before getting into the hobby, consider why you want to start a collection, whether it’s finding fun restoration projects or finally filling in a car wish list. Your main goal will affect how much money, time, and space you will need to put into collecting.
Once you determine your collecting goals, start searching for cars that you want and can afford. There are several places you can search for cars. Auctions are a great place to find competitive prices, but make sure you know the car’s true value to ensure you don’t overpay. Additionally, joining a club can provide you with a number of resources in terms of sellers to check or opinions on what a car might be worth. If buying a restoration project, make sure you consider the restoration costs on top of the base cost for buying the car.