If you don’t come from a family where cars are kept in excellent condition and then passed down through the generations to become classic vehicles, you’re going to have to shop around to find the classic car you want to add to your automobile collection.
A great place to shop first for older models is through online auction sites like Copart.com. The selection of vehicles changes constantly, so be sure to check in frequently to see if a vehicle you would like to purchase available to bid on. You can also sign up for alerts to be notified when new classic vehicles are up for auction.
Some things to know before shopping for classic cars at an auction include:
* Your budget – It goes without saying that you shouldn’t place a bid that’s higher than what you can afford. Also remember, your budget should include the transportation costs of getting the car. Classic cars are often put up for auction to be sold for parts, resulting in shipping costs. Or, if the vehicle is drivable, you may still need to purchase airfare and hire a rental car to get to where the vehicle is located. Shipping costs can vary depending on distance. Visit www.transportreviews.com to learn more about shipping costs for cars.
* View the car in person – Copart provides photos, detailed written descriptions and a link to inspection services of the vehicles available for auction. However, if you are the type of person who wants to check out potential purchases in person, you can set up a viewing, and will have to add additional time and travel expenses to your schedule and budget to handle this. For classic vehicles, it can be especially important to review how much of the vehicle is original and what has been updated.
* Acceptable forms of payment – Some auctions require the money be paid at the time the bids are closed and the vehicle declared “sold.” It’s a good idea to know before you bid if cash is collected, credit cards allowed or some other form of payment is required. Some places, like Copart, accept cashier’s checks, which means you’ll need to have access to your bank to get it set up.
* A plan for getting the vehicle to your garage – As mentioned earlier, the auction house will want you to have transportation plans in place for taking the vehicle. Be sure to take into consideration if you want to purchase a drivable car, or are fine with something you can put your heart and soul into bringing back to its original condition.