Collecting and restoring classic cars is a hobby enjoyed by many individuals throughout the world. Many celebrities are known to enjoy this side interest as well. Celebrities such as Jay Leno, Patrick Dempsey, Jerry Seinfeld, and Nicolas Cage are among prominent car collectors. Musicians and sportsmen Floyd Mayweather, Manny Pacquiao, T-Pain and Bill Goldberg also enjoy this expensive but fulfilling past time. Tim Duncan of the Spurs took his car collection and restoration hobby further, and now owns and operates his own car detailing and restoration shop.
There are many reasons why car collection is a fascinating hobby. For one, most of the machines are the best products of years of handiwork and expertise. Well-made cars are testament to craftmanship and precision and admirers or perfection have a taste for collector edition cars.
Some enjoy restoring cars to satisfy the inner mechanic and designer in them. A lot of classic cars are turned into new machines that are new altogether in terms of speed but in the shells of classic, timeless cars. There is a certain thrill in discovering how further limits can be pushed and reinventing a car to make it better than ever but without losing the appeal of the brand and capitalizing on the superior car motor. Most of all, there is a certain sort of achievement in producing a recognizable classic but one that has been turned into a one-of-a-kind speed monster.
Some also do it because they believe that these cars are a good investment. Much like pieces of fine arts, cars appreciate over time especially when production is halted and the supply diminishes in the market. Of course, to make the most of this investment, car collectors must know just what to buy, when to buy, what to do with the purchase, and when to dispose of it and encash profit.
Knowing what to buy is easy enough. There are a lot collector books and guides available in the market. There are also professionals who can advise you on the staple car collector pieces. The pieces of advice are permutations of the essentials: buy a reputable brand with a good engine, choose a limited edition model with a classic design. The model, after meeting these parameters, will not depend on each collector’s taste and preference. A Plymouth Prowler, for example, is one of the cars which are classified as a collector piece. It has a unique body shape and design and has the ability to go from 0-60 mph in under seven seconds. Plymouth Prowler 0-60 is a first-grade investment car and a good choice for anyone who wants to start a collection.
The rest of it is learned through careful analysis and experience and carefully building a strong business sense over time.