Driving enthusiasts are increasingly discovering the pleasures of owning a classic car. As well as recapturing memories of their youth, classic car drivers can defy convention, turn heads and even see a good return on their investment. Classic cars represent a number of unique challenges, however. To protect your vintage investment, it's wise to be careful driving your classic car. Here are a few reasons why.
Insurance risks and issues
Many classic cars are extremely rare, and as time goes on they are getting rarer. The value of classic cars is a significant factor in the cost of insurance coverage. If you want to keep your premium down, then you need to reduce the risk of theft. Your classic car must be stored and parked securely, and that might mean finding locations that aren't particularly close to your destination. Unfortunately, not everybody appreciates the beauty of a classic car; vandalism is all too common.
Cost of repairs
Classic cars often require specialist servicing, especially the oldest models. Even minor repairs can be comparably expensive due to the cost and availability of parts. Caring for your classic car is, therefore, rather important. Cautious driving reduces the risk of an accident and minor cosmetic damage, which may look easy to repair but could prove quite costly indeed.
Dwindling number of replacements and parts
With high-volume, modern production cars, each vehicle has nothing unique nor collectable about it, so nobody cares when one goes to the scrap yard. When a classic car reaches the end of its life, it's largely the end of an era, and there are no more versions to replace its presence on the road. Classic-car ownership is therefore an exercise in preservation as much as exhibition, which may mean that you want to reduce your mileage as much as possible.
High running costs
Before the advent of catalytic converters, power steering and automatic transmissions, classic cars were less technically advanced than their modern-day counterparts. Not only does that make them harder to drive, it also means that they can be more expensive to run. Fuel efficiency is generally low, for example. It's therefore important to minimize the need for servicing and to conserve fuel, wherever possible.
The more you are seen driving a classic car, the more attention you will be attracting. That isn't always a good thing. Theft of (and from) classic cars is very common, partly because security technology at the time of manufacture was very basic. The value of classic cars also attracts opportunistic thieves who will assume that the owner is wealthy and has items of worth in the car. Staying close to your car at all times certainly helps, but restricting your exposure is probably even more sensible.