Owning a classic car can be a lot of fun, but it’s not without its headaches. These types of vehicles require a lot more upkeep and maintenance than modern cars, and taking care of those responsibilities isn’t always as straightforward as it could be. Many dollars, hours, and energy can be sunk into keeping your hands on a vehicle that’s nearly as old — or older — than you are.
At some point or another, most owners of classic cars toy with the idea of selling up and moving on. The tricky part is knowing whether that idea should remain a thought or it should be put into practice.
In this post, we’ll guide you through a few questions to ask yourself before making the decision. Remember, you only get to sell your classic car once, so it’s important to take your time and make sure that you’ve made the right call!
How Much Are You Using It?
It’s unlikely that you’re using your classic car every day. In fact, you probably shouldn’t be even if you are, since this will greatly accelerate wear-and-tear and probably cost a small fortune at the gas pump.
Most people use their classic cars a couple of times a month. If you used to do that, but now find that months are going by without you even thinking of getting behind the wheel, then it might be time to sell up. Of course, if you have a truly classic car, then you might be content driving it once a year to car meetup events. It’s all relative.
What Is It Worth?
Figuring out if you should sell your vehicle is a lot easier when you know how much it’s worth. In fact, it’s probably the deciding factor. You’ll be more interested in selling your car if you know that it could bring in the equivalent of a small fortune. Using a classic car valuation service can give you a good understanding of how much you can expect to receive for your vehicle, which in turn can make the decision process much more straightforward. Once you have the valuation, you can decide whether it’s better to hold on to your vehicle or sell up and put the money you’ll raise towards other goals.
Is It Costing A Lot in Upkeep?
Classic cars are more expensive to maintain than modern vehicles, and that’s just something that anyone who wants to own a classic car has to accept. Still, there’s an upper limit to how much expense one should tolerate. If you’re continually sinking money into maintaining a car, then you’ll need to make a judgment call about how much you’re really getting in return. If all you’re getting are headaches and money troubles for a smattering of joy, then it might be time to part ways.
Does It Have Sentimental Value?
Finally, remember that there can be more to a classic car than its monetary value. If your car has sentimental value, then you may simply prefer to keep it in your possession.
