Is now a good time to get into the classic car hobby?
06/05/2024
After years of constantly rising prices, the classic car market has calmed down somewhat for some time now. In fact, valuations for various classic car segments are even falling, with British roadsters from the fifties and sixties, for example, becoming more affordable and pre-war limousines anyway.
So getting into and buying a classic car costs less money. But now also seems to be a good time in other respects.
Interest rates are expected to fall, which suggests a medium-term rise in classic car prices or at least minimal losses in value. The current selection of vehicles is also quite large, which speaks for more negotiating power when buying, at least in the current situation.
Anyone who needs help has a wide range of specialists and dealers at their disposal, while the internet creates almost complete transparency in the market.
Classic cars are still very popular with the public; you can hardly experience more sympathy in a car than when you are driving an MG TC, for example.
In addition, the electric euphoria seems to be on the wane; combustion engines will neither disappear nor be banned in the foreseeable future. For the time being, there are still filling stations on every corner and, thanks to preferential treatment, the tax and insurance burden on classic car drivers in German-speaking countries is low.
And finally, most people who are now considering buying their first classic car have learned to drive "properly", i.e. they know how to use the clutch and gearshift. And even if this is not the case, there is also a large selection of automatic classics to buy. You don't need all the new-fangled bells and whistles like distance radar, built-in navigation system or automatically closing electric sunroof in a classic car anyway.
To cut a long story short, there is little to stop you getting into the classic car hobby at the moment. But of course you should approach it with joy and passion, which is actually the most important prerequisite ...
