So you're ready for a new car, but you're having a hard deciding between buying a used car or doing a full restoration. Do you notice the shiny new cars packed with the latest technology, features, and comfort, but your mind draws you to the classic silhouettes and gleaming chrome of a fully restored vintage car? Trying to decide between buying a used car and doing a full restoration can be difficult. Here are some things to consider when making this tough decision.
Do You Want The Latest Technology?
New cars come with increased reliability and improved technology. This can be a big plus, depending on your specific needs. A new car can help you get to where you need to go quickly and efficiently without worrying about whether it will startup.
Statistically, newer cars are safer to drive. They can also decrease the chance that you'll be in an accident — thanks to collision avoidance systems, automatic emergency braking, blind-spot detection, and adaptive cruise control.
Is the latest and greatest technology your style? Want a large touch screen and air-conditioned seats? How about a car that parks itself? Interested in a massage while you drive? These are all real features that are available in the newest cars. Stay up-to-date with the latest automobile news for the best new car models and their features.
Do You Crave Nostalgia?
Maybe memories are more important to you than memory foam seats. Classic automobiles can help you recapture better days of bygone eras or connect you to a simpler or happier time. Just you and the road.
Not to mention the pride and satisfaction of finally scoring that car you've wanted since you were a kid but couldn't previously afford it.
Have You Factored in Hidden Time and Costs?
Most passion projects take more time and attention than we allow for in our schedules. Take a moment and think about your other commitments. Do you have the time to invest in this project?
Additionally, restorations usually end up costing more than expected, as you start poking around.
But if cars are your passion, then you probably can't think of anything more enjoyable than getting under the hood every weekend.
Have You Calculated The Cost of Insurance?
When it comes to car insurance, there are a lot of choices to make. You want to ensure you get the best coverage for your needs and budget. There are a variety of policies available, and each has its own set of benefits and drawbacks. Here are a few ways to get the best auto insurance for your needs.
Shop around. Compare rates from different car insurance companies. You can usually do this online or by calling around. Be sure to get quotes for the same amount of coverage for each vehicle type so you can compare apples to apples.
Classic car insurance is usually less expensive than a new model's, as the car is driven less frequently. Note that a vehicle has to meet several requirements to qualify, including age and annual mileage.
What's Right for You?
For most, purchasing a new car is the simplest and most cost-effective option. You know exactly what you're getting and the history of the vehicle. With a restoration, you'll get the satisfaction of knowing exactly what went into your one-of-a-kind model. Only you can decide which is more important!