Essential Tips for New Collectors

Imagine stepping into a garage filled with gleaming, handpicked vintage cars or motorcycles, each with a unique story to tell.  Building a collection is more than just making a purchase-it’s a labor of love. A passion, vision, and planning that drives collectors. Whether you plan to collect vintage cars or rare motorcycles, here’s what you need to know to start your collection on the right foot.

Essentials to Consider

• Decide on the theme of your collection. 

• Consider how much storage space you will need.

• Start to network with collectors and learn as much as you can about collecting. Especially about the type of collection you are interested in having.

Have a Theme for your Collection

A sure way to add value to your collection is to have a theme. Once you’ve decided on a theme the collection will begin to take on its own character and develop from an idea into a full-on collection. Some themes to consider include:

• Vintage Cars

• Muscle Cars

• European Sport Cars

• Luxury Cars

And so forth. Your budget and imagination are the limit. As you begin your collection it helps to do as much upfront research as you can to know what challenges might slow you down.

Determine Your Storage Area and solutions

While you begin to consider a theme, it is just as important to consider storage. These cars will never be made again. They are collectibles and over time they will usually increase in value with proper TLC. So, it is important to consider things such as, security, the proximity of your storage location to your home and other key points such as temperature control, security and proper recommendations for maintenance and upkeep. 

Logistic

Learn about reputable car shipping companies. Know what their terms and conditions are. Even if your goal is to maintain a collection that potential buyers come to see, instead of taking it to various shows, getting it for point of purchase to your garage is still necessary. Whether you consider an auto collection shop or your own private garage, learn the ‘ins and outs’ of shipping and storage.

Network and learn as much as you can

Networking becomes a must for any successful collector. This will be how you can pick up valuable pointers, hear success stories and more. Networking is a good way to find out what is called NOS (New Old Stock), as an example. You get meet other collectors, learn about the competition in your area, gain knowledge about collecting and more. 

Budget and Financial Planning

Car collecting does have some financial responsibility associated with. As a collector, it is essential to have a planned budget in place up front. Rear collectable come up for sale when they do, not on a regular time schedule. Cars in your collector may need professional repair and there are also fixed cost to just maintain a collection. Knowing the maintenance history of the car you want will make a huge difference between owning a heartthrob or a headache.

Having a car collection is one of the ultimate treats in life. When you plan then execute you plan in manageable steps it is a complete joy. Take your time, think through what you want in your collection, and happy motoring.

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