If you’re a fan of the Charlotte AutoFair, you’ve probably thought about purchasing your own classic car at some point. While taking your pick of collector cars can be a great investment, this type of purchase can be quite different than what you’d expect when you buy a new vehicle.

As the largest vintage auto show in the Southeast, Charlotte AutoFair offers a few tips that can help you make the best classic car investment:

• Stay Aware of Value Fluctuations: The general value of collector cars may not shift much year to year. However, it’s important to stay aware of fluctuations in the market for the specific make and model you have an interest in buying. For example, if you’ve noticed an upward trend in the value of a certain car, it may be a good time to buy if you want to sell it at a later date for a profit. However, if you’re purely buying the car for yourself, you may want to wait for a decrease.
• Factor in Unique Attributes: For most classic car collectors, a baseline value can be determined from the vehicle’s rarity, age, and overall condition. However, if you’re looking for an even bigger value, look for cars that offer a unique backstory, such as those that won races or were owned by celebrities. It’s also important to consider whether you want a completely original model or one that has been restored—both can appeal to different types of buyers.
• Consider Additional Costs: There are many additional expenses that can come with purchasing a collector car. If you’re looking to make a solid return on your investment, you may have to wait a while before you find the right buyer. During that time, you should expect to pay insurance, storage, and maintenance fees to keep the car in good condition.

While it can be tempting to invest in a collector car the moment one is made available to you, it’s recommended that you take time to inspect multiple options in person. The more cars you can compare, the better idea you can have of what you want in a vintage vehicle. No place is better to weigh your options than at the Charlotte AutoFair—the Southeast’s leading spot for buying and selling rare cars. For more information about attending the upcoming spring auto show, call (704) 841-1990.