Ask auto aficionados everywhere: Owning a classic car just hits differently. Cruising the streets in a restored Chevrolet Camaro or hard-to-find Ford Model A is exhilarating. But maintaining a classic car isn’t free, and some cars are more expensive to repair than others. These factors will help determine how much you can expect to spend:
Classic Car Make and Model
Most drivers understand that some modern-day cars cost more to maintain than other vehicles. This same logic applies to classic cars. The rarer the ride, the more you’ll spend both upfront and for upkeep. Expect to pay more to maintain a vintage Maserati (a few grand annually) than an older Buick (a couple hundred).
The cost difference doesn’t mean you should throw away your dreams of owning that classic foreign or domestic car. Think of your purchase as an investment. The most coveted makes and models tend to appreciate over time.
DIY vs. Mechanic
Many classic car drivers don’t put that many miles on their vehicles in a year, but that doesn’t mean it can sit in the garage for months on end. Even a picture-perfect restoration could have mechanical problems down the road. Regardless of if you want to store or drive your classic ride, you’ll still be responsible for regular maintenance, including:
- Oil changes
- Tune-ups
- Muffler repairs
- Braking system repairs
- Suspension overhauls
- Battery changes
- Timing belt replacements
- Transmission servicing
- Cylinder head gasket replacement
- Wheel balancing and rotating
Preventative maintenance costs vary depending on whether you tackle the repair yourself or send it to a mechanic. For instance, a DIY oil change will cost you a few dollars in supplies. However, it’s better to leave timing belts and transmissions to the pros. More complicated, time-consuming repairs can run $400-$4000 or more!
Cost of Car Parts
Vehicles with original stock parts are typically less expensive to maintain. However, replacing these parts can be costly. As you can imagine, getting your hands on a restored engine for a 60-year-old car isn’t always an easy task. Older stock parts are often scarce, and sellers charge a premium for their inventory.
On the contrary, it’s easier to locate parts for modern classic cars. More places have these parts in stock, which helps keep prices low. But repairing these “younger” vehicles is often more complicated than older classics. You might save money buying replacement parts but spend more on maintenance.
Classic Cars for All Budgets
Owning a classic car requires hard work, dedication, and a bit of extra money. But in the end, maintaining these vehicles is a labor of love. Imagine the thrill of being behind the wheel of your dream ride.
Classic Vehicle Auctions wants to help you find your next vintage car. We have a variety of makes and models to fit any budget. See something you like? Just place a bid! We are a licensed auction company dedicated to serving car enthusiasts everywhere.
Ready to get started? Schedule a consultation with our experts to learn even more about maintaining a classic car.