Beauty or a bad decision: The pros and cons of owning a classic car

Image source: thefiscaltimes.com

A lot of people have mixed feelings when it comes to owning a classic car.  Some think that it’s a great investment or a worthwhile pursuit while other people think that it’s not worth all the trouble keeping and maintaining outdated models.  While both arguments are solid, it is important for us to know other reasons why people choose or reject owning a classic car.

Image source: thornews.com

Let’s begin with the negative aspect of owning a classic car.  Maintaining it can be difficult and costly as authentic parts are rare and expensive.  If you are regularly using your classic car, all the money you spend on repairs and restoration could as well buy you a second-hand car.

There’s also the question of performance and reliability.  Classic cars may not perform as well as regular cars today.  You’d have to adjust to the steering and the cruising speed as not to wear down your vehicle.

Now, there are a lot of reasons why people choose to buy or restore classic cars.  One of the biggest reasons is that classic cars have character and style, something that very few modern cars can match.  Not only this but driving a classic car is a unique experience altogether.

Financially, there are benefits of having a classic car as well.  For instance, cars built before 1974 are now eligible for a zero-rated tax disc.  Another financial benefit for owners is that the value of classic cars doesn’t depreciate as fast as regular vehicles today.  If you have a rare model, you may even sell it for a higher price. 

Hi! I’m Alpman Ilker, a general contractor from Denver, Colorado. I oversee construction sites, where I delegate tasks and coordinate with all manpower and stakeholders. I also manage the supplies. My real passion, however, lies in classic cars. For more reads on my love affair with vintage rides, visit this blog.