Daily Features

SO YOU WANNA OWN AN OLD CAR?

By on March 12, 2018
sp-IMGP0774-001

sp-IMGP0774-001

 

The old car hobby is one of the most high profile activities on the planet because every time a car guy or girl takes a run in his or her old Ford someone sees him or her on the street.

 

Old cars and trucks are a rolling billboard for the hobby because the hook is set for the next level when a potential car guy sees one in traffic.

 

If that’s you on the hook you need to examine your motivation—there are only two forms.

 

sp-IMGP0033

 

If your interest is steeped heavily in nostalgia then you’re motivated in the same way as nearly 100% of the vast realm known as the car hobby. Maybe it was your dad’s old car; maybe it was your neighbor’s car; maybe it was a car you saw in a showroom or maybe you filled the tank of that coveted car when you were pumping gas at your first job in high school.

 

sp-IMGP5573

 

That car in traffic just triggered your memory—call it a pure form of motivation.

 

sp-IMGP0139

 

Hopefully the car that inspired you isn’t a classic big block Mopar muscle car because if you go down that road you’d better bring a boatload of cash—the equivalent of Ecuador’s gross domestic product would be a great start.

 

sp-IMGP1199

 

The same rule applies to anything in the Corvette aisle and classic Mustangs in that same store will drain your savings faster than a bad gambling habit if you pay full retail for a mint car. Maybe the cost is not a problem but know this—if you’re tire kicking in this world bring a big credit line.

 

sp-13607843_10153492509070059_1712554355_n

 

If you think you can do this work yourself and save all the costs of total restoration then you may have an outside shot if you have these assets.

 

(a) You’re a fast learner.

(b) You don’t mind doing nasty, dirty repetitive work.

(c) Your next door neighbor is a master mechanic who will work for beers.

(d) Your other neighbor is a master body man who will work for beers plus you once saved his life.

 

sp-IMGP0711

 

Another (less popular) motivation for entry into the hobby is speculation buying. Spec buying is where you buy low and sell high in the car market. I’ve seen more than a few guys play this game and it’s not for the faint of heart. I watched a real estate agent lose 25,000 dollars in less than a minute at an auction when he bought high and sold low on a street rod.

 

sp-IMGP8468-1

 

He was much more successful as a realtor for a simple reason—he understood his market. He knew very little about the car market so he took a big hit on a spec buy.

 

What’s the moral of the story? If you see a classic in traffic and think it’s a ticket to fame and fortune, you’d be better off trying to live trap a Yeti in the Himalayas. Guys who make money in the car hobby are professional, connected (often as a dealer) and well financed.

 

DSC01188

 

You were star struck by a classic car in traffic and now you want one so what’s your motivation? Either way, you can always blame the car.    

By: Jerry Sutherland

 

Jerry Sutherland is a veteran automotive writer with a primary focus on the collector car hobby. His work has been published in many outlets and publications, including the National Post, Calgary Herald, Edmonton Journal, Ottawa Citizen, Montreal Gazette, Saskatoon StarPhoenix, Regina Leader-Post,  Vancouver Sun and The Truth About Cars. He is also a regular contributor to Auto Roundup Publications.

 

 

Please re-post this if you like this article.

print

26892 Total Views 1 Views Today

About admin

You must be logged in to post a comment Login

Facebook

Featured Ads

Rear View Mirror

hr-imgp3681

OCTOBER 31, 2014: WHAT DID IT COST TO OWN A COOL RIDE IN 1969? READ ON. . .

  A lot of things happened in the Summer of ’69.   June 1969 was the month when the Beatles landed number one on the Billboard charts with ‘Get...

October 31, 2014 View more...
73-imgp0563

OCTOBER 29, 2013 (NOVEMBER 2013): NATIONAL LAMPOON’S ‘VACATION’ HAD A LOT TO DO WITH THIS CAR PURCHASE

  I spotted a 1973 Ford station wagon on the main street of a small town car show in June 2013 and knew I had to get the story...

October 29, 2013 View more...
oct12-roadsuperbirdpic12-001

OCTOBER 9, 2012 DIARY OF A MARATHON MAN: A TRIP TO INDIANAPOLIS IN A CLASSIC MOPAR – A 1970 SUPER BIRD

  Many guys who own wing cars like the Plymouth Super Bird or Dodge Daytona treat them like the Mona Lisa.   They imprison them in a controlled environment...

October 9, 2012 View more...
oct11-styleimgp9632-1

OCTOBER 23, 2011: DETROIT STYLE FROM THE PAST-WHEN GOOD LOOKS CAN REALLY KILL

  The bygone era of Detroit included many very stylish rides.   This fact is one of the big reasons that old iron has such incredible curb appeal in...

October 23, 2011 View more...

Most Viewed

My Star Showcase

mill-jjmscc_Neon

MSCC MARKET REPORT 2018

  MSCC MARKET REPORT 2018   Welcome to the MyStarCollectorCar Market Report.   This will be a regional look at prices for collector vehicles based on actual sales so...

August 3, 2017 View more...
products-IMGP5647

MSCC Products and Services Showcase

These are all great businesses and they support MyStarCollector Car through their advertising  so we can continue to bring you our  insight into the old car hobby 365 days...

July 13, 2016 View more...
116-005

JUNE 2018 CAR SHOWS AND EVENTS MYSTARCOLLECTORCAR

JUNE 2018 CAR SHOWS AND EVENTS       JUNE 1: COQUITLAM, BC  Geoff McElgunn Scholarship Show & Shine 604-551-3650   JUNE 1-3: THREE HILLS, AB Cruise Weekend  ...

October 4, 2015 View more...

More At My Star

STRANGER IN PARADISE: THE 2018 EDMONTON STREET ROAD ASSOCIATION SHOW IN RUNDLE PARK.

  MyStarCollectorCar had never been to the ESRA car show at its new home in Rundle Park prior to this past weekend.   The new location can only be described as spectacular because Rundle Park is located along the river valley in Edmonton, Alberta and it is an amazing place to host a car show. See More

CANUCK IRON—CANADA DAY CANADIAN CLASSICS

  Canada Day  is the northern equivalent of July 4th in the United States.   Both countries celebrate a national birthday by throwing a national party so fireworks and socializing are high on the agenda on July 1st in Canada.   Canadians celebrate a distinctively Canadian heritage on July 1st and one of the trademarks See More

MSCC JUNE 22 FIVE FOR FRIDAY: FIVE THINGS YOU NEED FOR A ROAD TRIP IN AN OLD CAR

  Years ago I wrote a piece for MyStarCollector that doesn’t make a great deal of sense in Reality World   I put forth a case for a road trip in a vintage car with no modern conveniences like cell phones and, more importantly, no actual rational thought.     My only defense for this See More

STANDING IN THE SHADOW OF AUTOMOTIVE GIANTS: THE PONTIAC FIREBIRD AND MERCURY COUGAR

  Mercury and Pontiac share a common bond in automotive history: both introduced pony cars in the 1960s that were Miss Congeniality cars by comparison to their Miss Universe stable mates (Chevy’s Camaro and Ford’s Mustang).   Mercury and Pontiac cultivated a reputation in the slightly-above-average-luxury car market and offered base models that were a See More

Editor’s Picks

IMGP5388-001

STRANGER IN PARADISE: THE 2018 EDMONTON STREET ROAD ASSOCIATION SHOW IN RUNDLE PARK.

  MyStarCollectorCar had never been to the ESRA car show at its new home in Rundle Park prior to this past weekend.   The new location can only be...

June 23, 2018 View more...
IMGP3761

JUNE 2018: ’58 BELVEDERE CONVERTIBLE—RARE MOPAR WITH A DUTCH CONNECTION

  Car guys always have a mentor who steered them into the hobby.   It can be a buddy, a brother or an uncle but most often the mentor...

June 22, 2018 View more...
32

A PERFECT MYSTARCOLLECTORCAR WEEKEND: 3 SHOWS IN 3 DAYS

  The idea of three car shows is pretty appealing in a kid-at-Christmas kind of way here at MyStarCollectorCar.   This weekend we were able to perform that feat...

June 17, 2018 View more...
nova2

JUNE 23, 2018 EG AUCTIONS PRESENTS THIS 1965 NOVA SS

EG Auctions Is Proud To Present: Our 11th Annual Calgary Premier Collector Car Auction at the Grey Eagle Casino! SATURDAY MAIN EVENT June 23rd – 2018   Click here...

May 31, 2018 View more...

Car Shows and Events

ST1
SAINT ALBERT ROCK’N AUGUST—THE BIG SHOW RETURNS AUGUST 7-11

  Rock’n August is one of Western Canada’s biggest annual car shows.   The whole community gets behind this week-long event because this is a showcase for the best...

December 16, 2017
IMG_4818
JULY 28, 2018 19th ANNUAL MICHENER ALLEN CLASSIC AND COLLECTOR CAR AUCTION

FEATURE CAR—THIS MONSTER ’69 CHARGER       The 2nd Generation Chargers are widely seen as one of the most iconic muscle cars ever built. They looked fast from...

June 19, 2017
EG-ED2018
JUNE 23, 2018 Our 11th Annual Calgary Premier Collector Car Auction at the Grey Eagle Casino!

  EG Auctions Is Proud To Present: Our 11th Annual Calgary Premier Collector Car Auction at the Grey Eagle Casino! SATURDAY MAIN EVENT June 23rd – 2018 INDOORS!!!! CONVENTION...

April 21, 2017
116-005
JUNE 2018 CAR SHOWS AND EVENTS MYSTARCOLLECTORCAR

JUNE 2018 CAR SHOWS AND EVENTS       JUNE 1: COQUITLAM, BC  Geoff McElgunn Scholarship Show & Shine 604-551-3650   JUNE 1-3: THREE HILLS, AB Cruise Weekend  ...

October 4, 2015

Ads

Ads responsive