From Langley Cruise-in!
One thing you must know about collecting old cars. You can make money on them. Just follow these few important tips:
1. Buy a car already finished, unless you are a mechanic. You can often buy a car that someone else has spent tens of thousands of dollars on for 50 cents on the dollar. Or less!
2. Old 50's and 60's muscle cars are a given. They are already classics, they will not go down in price. If you want to take a chance, try picking your own new collectable. The 1990 Mazda Miata is one. You can pick them up for as little as $2000. It was the first year, the car was well made, car of the year. It will only increase in value.
3. Buy your car in the fall after the summer market is over, especially if you are considering a convertible. This is the time of the year that people will drop their prices considerably, they don't want the storage fees.
4. If you are going to sell, April and May are the perfect months. It allows for the new owner to get the summer out of the car, which is when they really want them.