How to Make a Smart Investment at a Classic Car Auction

Vintage automobiles are a passion for many, but thanks to some mid-triple-digit returns over the last decade, they have become a hot commodity in many investment portfolios as well. If you know what you're doing, a vintage car can be one of the most profitable investments you make. 

How to Make a Smart Investment at a Classic Car Auction

To ensure you get top dollar for your investment at a classic car auction, follow these simple tips: 

  • Buy smart
  • Don't skimp on transportation
  • Consider high-value auto insurance
  • Use a specialty body shop
  • Store vehicle in proper conditions
  • Watch the market

For more information on these investment protection tips, read on.

Buy Smart

Like any investment, you must do your research when shopping at a luxury car auction. If your main goal is profit, research the future appreciation potential of a vehicle before bidding. Limited edition vehicles, such as the Spyker C8s or the Manual Transmission Late Lamborghini Murcielagos, are primed to increase in value.

Don't Skimp on Transportation

Once you've purchased your new prized possession at a vintage, classic, or collector car auction, transporting it home is an integral first step that comes with a few risks. You will want to do your research and find a transportation company with a stellar reputation. One that specializes in exotic vehicle transportation will know the proper way to load and care for your vehicle and ensure it gets to you unscathed. It’s important not to skip on costs here. For an estimate on shipping your vehicle, click here.

Consider High-Value Auto Insurance

When it comes to high-end collector cars, even minor visual or defects can destroy your potential for profit. Hedge your bets with a high-value auto insurance policy. This financial protection is an excellent way to safeguard your investment. Almost every major insurance carrier offers classic or exotic auto insurance policies based on the appraised value.

Use a Specialty Body Shop

More than just changing the oil on occasion, vintage cars require specialty expertise to maintain their value. Ultimately, the goal is to keep the vehicle in its original condition as best as possible, so use a body shop with knowledge and access to original replacement parts. However, depending on the make, model, and age of your vehicle, original parts aren't always available. In those cases, you can build parts from the OEM specs or buy non-OEM parts. Non-OEM should be a last resort.

Store in Proper Conditions

Proper storage is one of the most important facets to owning a high-value automobile. In fact, more vehicles are damaged in storage than on the road. Since stability is important, cars stored in areas prone to extreme heat, extreme cold, high levels of humidity or near salt water should take extra precautions to preserve the its value.

Watch the Market

Finally, as with any investment, you should keep a close eye on the car market to know when to sell to maximize profits. Every investor knows the adage, "buy low and sell high." That saying holds true at a luxury car auction as well.

If you’re ready to make your next smart investment at a classic car auction, find your new vehicle today. For help getting started, reach out to our team of experts online today.

Learn more about how Vicci's online classic car auctions work and our unique vetting process for buyers and sellers.