5 Reasons For Buying A Classic Car Over Renting One
Drivers in America can choose between leasing or buying a car outright. Both have pros and cons. However, many modern car drivers choose to rent because it just makes financial sense.
But which options should you go for when you want to drive a classic car? You have to bear in mind that classic cars are significantly different from modern cars; they no longer have manufacturers’ warranties and might even no longer have their factory-installed engines, among other factors.
Top 5 Reasons To Buy A Classic Car Over Renting One
In this article, we outline 5 reasons why buying your classic car outright might be your best option.
They can increase in value.
The top argument for buying a classic car instead of renting one is that it can increase in value, and when that happens, you want to be in place to make a profit. When you own an asset, you hold control of both its risks and rewards.
When you just rent a classic car, you only take on a fraction of that. So, when the value of the vehicle goes up, the profit goes to the owner, and you might even end up having to pay more to rent it. It’s a simple question – do you want to spend the man, or do you want to be the man? And I’m willing to bet that your choice is the latter. So, if you can afford to buy it outright, it makes sense to do it immediately.
The feeling of satisfaction is unrivalled
There’s a viral meme on Twitter that shows a man standing with a can of Coke in his hand, staring at a car parked in his driveway. The running joke is that’s how it always is when one first buys a vehicle. It’s hilarious but true. There is a particular sense of accomplishment that comes with buying and owning a car.
This feeling of satisfaction is even more amplified when the car is a classic, rare, or well-sought-after. That’s why there are classic car owners’ clubs, but nothing similar exists for Honda Accords, for example. It has become an essential aspect of the classic car experience.
It’s a feeling that is impossible to understand when you are only renting the car fully.
You can tinker with it.
But even more important than feelings is the fact that owning your classic car gives you the freedom to tinker with it as you may wish. Most classic car drivers are motorheads who love to get under the hood and get their hands dirty. As a matter of fact, what is driving a classic car without being able to roll up your sleeves and get to tinkering with its engine every once in a while?
Do you want to change certain things about the engine, exhaust, tyres, interior, or bodywork? Well, you own it; you can do pretty much whatever you want with it.
But, when you’re just renting it, you’re under a legal obligation to return the car to the owner in the condition that it was given to you. And if you are truly a classic car enthusiast, I’m sure you can see how much of a bore that would be.
There are no limits on mileage.
When you rent a car, chances are the contract comes with a cap on how much you can add to its mileage. The owners want to ensure that you only get as much value out of the car as you paid for. But do you really have to or want to live within such restrictions?
The entire point of driving classic cars is access to a certain higher ideal of freedom – the open air blowing in your face and tussling your hair while you get as much horsepower as possible out of an engine that has been built and tuned for high performance. You can now imagine disrupting all that freedom with the mileage limits that come with renting.
You can still get value for it when you want to change it
Nobody drives any single car forever. At some point, you’ll tire out and will want another car – whether another classic car or a regular modern car, depending on what you want. But when that time finally comes, you want to be able to get the most value for the vehicle you currently drive.
The common thing to do is to sell the one at hand and then add a few thousand dollars to it to buy another ride. But this is pretty much impossible if you’re renting the car. You would have only just paid the owner a monthly fee for the privilege of driving the vehicle. Why do that when you can buy it for yourself instead?
Conclusion
There is nothing that can be compared to the feeling of ownership. Yes, there’s the exhilarating feeling of driving a classic car and hearing it roar as you step on its pedals. But, the ultimate is knowing that you found it, paid for it, and now it’s yours. It’s definitely much better than renting a car that you’d have to return at the end of the day.
The classic car industry in America is worth as much as 15 Billion Dollars in revenue annually. But you can hardly walk into a dealership around the corner to pick up one. It’s a more “invisible” network. But it doesn’t have to be. If you’re looking for a sweet classic Buick or Plymouth to make your own, why don’t you head over to the Dyler website? They have some of the best car lineups in the country.