These rules of the road can help you find your dream collectible car:
• Define "Classic" in Your Terms. A collector car doesn't have to be expensive or rare. Find something you really like and have fun with it, whether it's a Jaguar, a Camaro or a Nova.
• Make it a Passionate Pursuit. Realize that owning a collector car is primarily an emotional investment. "Most people who think they'll make money with a collectible car are fooling themselves," says Classic Car Club of America President Chuck Conrad.
• Consider Your Model Options. Corvettes, GTOs and Mustangs may seem obvious choices, but don't overlook the Dodge Dart or Plymouth Valiant. Avoid the "fixer-upper," since restoration can be expensive.
• Meet Like-Minded People. Start your classic car search by joining a car club, or attending cruise nights, rally events and auto shows. Read specialty publications such as Hemmings Motor News.
• Look for a Loan Online. Go online to comparison shop for collector car loans before you buy. Whether it's a private-party transaction or a dealership purchase, you can find competitive rates and a no-hassle process at sites such as www.capitaloneauto finance.com. Shoppers can have a no-obligation Blank Check® in hand the next day.
• Be Realistic with Your Usage. Remember, today's cars are built better than those from yesteryear. Avoid using a classic car as your primary transportation.
By doing your homework, you may find that your classic dream car is well within your reach.
Photo courtesy of Larry Cohen
Dennis Gage, the host of TV's "My Classic Car," shows off a Studebaker GT Hawk.