Classic cars is a very prominent niche in the automotive market place. Classic cars are typically for collectors and more often than not are an investment piece. They are often rare as the rest of the original production cohort have been dismantled or destroyed over the years. Demand for these types of vehicles continues to grow, their values continue to rise based on supply and demand. Vehicles are typically considered classics when they are over 25-30 years of age and are typically generally sought-after from when they were new. There is a certain prestige associated with driving a classic as they represent a different era of vehicle manufacturing no longer available for purchase today providing a certain exclusivity. Many people enjoy driving them as they’re unique and eye catching. These vehicles are regularly undertaken as a project by their owners in pursuit of their idea of restoration.
Not only are these cars enjoyed by their owners, but represent an entire community and car culture passed on through many generations to get together and admire these works of art. From parking lot car meets and locally organized events to attending world renowned events such as Barrett Jackson collector car auction or Pebble Beach Concours D’elegance, there’s something for everyone to enjoy.
The Market for Classic Cars in Canada
There has been a recent increase in the market for classic cars in Canada. This is likely due to two factors: collectors from Europe and the US are taking full advantage of the weaker Canadian dollar and importing those vehicles into their markets. Secondly, the Canadian market is already a fraction of what the US and Europe has to offer from a supply stand point and as more buyers enter the market, the dwindling supply is organically increasing vehicle pricing.
While it is still possible to find good deals on Classic Cars for Sale in Canada, the market is becoming increasingly competitive. As a result, buyers need to be prepared to pay more for a car that meets their needs and desires.
When shopping for a classic car, it is important to keep in mind that not all models are equal. Some classics are more popular than others and as a result, are more expensive. It is also very important to be aware of the condition of the car you are buying and whether or not restoration work has been done, and at what level of quality. Modern repairs are often much more reliable high quality compared to restorations that took place in the 1980’s and 1990’s.
Maintenance: Upkeep and Repairs
There are a few things to consider when it comes to the maintenance and upkeep of Classic Cars for Sale in Canada. Of course, climate is a big factor, as weather can take its toll on both the car. Most classics are in collectable condition and often don’t bear the brunt of our Canadian winters, however when purchasing a classic, something non-winter driven would be substantially more desirable. In addition, there are certain components that may be market specific to Canadian models, so it’s important to do your research before getting started.
One of the biggest concerns for any car owner is keeping their vehicle in good condition and avoiding costly repairs down the road. Regular maintenance is key, especially for older cars that may not have been driven as much lately. Make sure to change the oil regularly, keep up with tune-ups and inspections, and address any issues or problems as soon as they arise.
Selling a Classic Car in Canada
If you have a classic car that you’re looking to sell, there are a few things you need to know before putting it up for sale. Firstly, how much is your car worth? There are a number of resources online that can help you determine the value of your car, such as Hagerty or Canadian Black Book. Once you have an idea of what your car is worth, you’ll need to decide on a price. It’s important to remember that classic cars tend to sell my car for more in Canada than they do in the United States due to supply. You may want to consider pricing your car slightly higher than its value in order to account for this difference and cater to international buyers. When listing your car for sale, be sure be clear and concise and to include as many details as possible. This will help potential buyers get a better understanding of what they’re buying.
If you have a classic car you want to sell, taking all these factors into consideration can be overwhelming. This is where Top Trade Auto comes in. Top Trade Automotive is Canada’s first and only method of selling your car by having thousands of bidders across North America competing for your vehicle. Facilitated by industry professionals, they alleviate the pressures, misconceptions and complications faced daily by consumers throughout the Canadian automotive landscape. Top Trade Automotive affords the client all the insider information and the professional level of sophistication required to truly get the best value out of your vehicle.
Owning Classic Cars for Sale in Canada can be not only be a fulfilling lifestyle but can also be a great long-term investment. Make sure to do your due diligence during the purchase process to ensure a pleasurable ownership experience. If you’re interested in getting started in the classic car market, starting with something of relatively low initial cost would serve as a great learning experience for any aspiring collector. Flipping your way up market, can not only be financially feasible but can also provide lots of practical experience. If you are interested in selling one of your classic cars, be sure to contact Top Trade Automotive today.