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Finding, buying, repairing, restoring, and just plain enjoying antique autos is a great hobby. However, learning to classify these older vehicles can be a major chore. Different car groups have differing ideas on what makes a car classic, antique, or vintage, while each state has its own rules for buying, selling, and registering classic and antique cars.
Classic Cars: The Best Alternative Investment?
According to a recent report, classic cars may be a better financial investment than real estate. Before you start counting your money and thinking about selling your prized 1970s Datsun, there are some more details to consider. As much as your baby might mean to you, not all classic cars are the same and not all will give the big return on investment that can trump certain pieces of real estate.
Vintage Cars Can Be Hard To Find
One of the reasons why collecting cars is so much fun is because it involves finding the proverbial needle in a haystack in many cases.
When you do find that perfect old car it is like hitting the lottery in a sense because in most towns there are only so many vintage cars in circulation. There are also limited numbers of people who take the time to restore them.
So, even though it is very rewarding to finally find a classic car that you really want to add to your collection, it can be frustrating as well when you keep looking around without finding what you are looking for.