No matter how many mechanics you hire, at some point you are going to have to fix something yourself. Think you don’t have the means to own one?Think again! If you buy a car, any car, hoping to make money on it you’re doing it wrong. Many classic car owners are faced with a much larger initial costs than someone buying a non-classic second-hand car, and can then face more financial outlay to repair any problems. Our advice would be to do your homework first to ensure that you are buying a model which still has parts available, is reliable and won’t lose its value. While that might seem like a great idea, there are also many potential pitfalls of classic car ownership, and just as many reasons for not buying a classic car. I could have taken their money , but i would rather have a clear conscience and a great reputation. He lives in Canton, Connecticut. Thank you for the comments and the welcome to the classiccars.com community. Owning a classic car has always been a job for those who truly appreciate and understand the vehicle they own, and are willing to lavish it with the care and attention it needs, including purchasing steel garages for sale, keeping them safe and sound. Great Job!! A veteran of film, television, advertising and helping to launch a few Internet-based companies, Reid was a columnist for Classic Motorsports magazine for 12 years and has written for several other publications. I have made many of the above mistakes myself, with the exception of a televised bidding war. Know how to evaluate various quality & value attributes of a classic car. I have also bought a few classic cars as investments. Modern cars have been designed to be as insulated as possible from the outside world to create a more comfortable driving experience. This is an especially pressing and potentially expensive matter if you plan to transport the classic car instead driving it back to your area. How could you ever publish such a negative article as to why you should not buy a classic car. Enjoy the classic ride. We went through our list and broke it down into five reasons not to buy a classic car: 1. So maybe you're thinking it's time to buy American for the first time in years. You should only buy a classic car because you want a classic car, not to be part of the cool crowd. And remember, a classic car will be less reliable and require more maintenance than its modern equivalent. Buy a classic car only if you really love and want that car, and only buy a make and model that you love and not purely because you foresee upside potential. Just have a trustworthy mechanic. His second, obtained by spending his college savings fund, was a 1966 Ferrari 330 GT 2+2. It is people like this that have transformed a gearhead hobby into a minefield of hustlers, misfits and the misguided. Why would you think you could keep them away from “classic” cars? There is a world of dumbasses out there and we already know we can’t keep them from getting behind the wheel. I want to buy a car on TV at an auction, like the big shots. I agree with Andy entirely. Joys Of Classic Automobiles His 5 ideas about buying a Classic are very amateurist. Be sure to do homework as some cars are rare and parts are not always available. I like your suggestions and give you great thumbs up for your work. And along with the rust, classic cars are also less likely to be reliable – as is the case after years of wear and tear. Buying an old classic car is on a lot of people's bucket lists, but there are a few things that will make the experience better for a person considering it. Thanks for the ID Justin K. Here’s a link to a better picture of a ’65 350 GT: http://farm5.static.flickr.com/4009/4644178750_5a2d8915d4_o.jpg. Part 1 of 3: Check online for classic car value. Budget as much as predicted analogy will make more sense when i get a clasic.! 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