Classic cars are collectible assets, like antiques and memorabilia, so it’s always in the owner’s best interests to increase their car’s value as much as possible. Does bringing a classic car to a car show add value? We’ll answer that question and offer more strategies for increasing a vintage vehicle’s value.
Yes, Car Shows Can Add Immense Value
One of the most effective ways to increase a vintage vehicle’s value is by bringing it to a classic car show and competition. Firstly, it puts the car in front of its target audience: people who love classic cars and are interested in adding to their collection. More potential buyers seeing a classic car means more potential to drive up the price with a bidding war.
Secondly, if you bring your classic car to a car show and it wins a prize, the recognition of the award will instantly add value to the vehicle. If you’ve never attended one, there are some things you should bring to a car show to help your vehicle win.
Other Strategies for Increasing a Classic Car’s Value
Use NOS Parts
Every classic car owner knows it’s best to keep an old car looking as original as possible. If repairs or restorations are necessary, you’ll have to make some changes. Always use new old stock (NOS) parts to preserve the car’s authenticity when making replacements.
New old stock parts were ordered by a dealership or repair shop but never taken out of their packaging. While the parts are old, they’re still new and fit the classic car like the original parts. Typically, the best place to find NOS parts is eBay.
Documentation is another key aspect of increasing a vintage car’s value. Owners should preserve and store the vehicle title, maintenance records, and restoration records. Maintenance records show the vehicle has been taken care of while in the owner’s possession, and restoration records show how much money they invested into the car’s restoration and if they did it properly.
Add New Tires
Another quick and simple way to boost your classic car’s value is with new tires. They won’t add significant value, but every little bit helps.
New tires improve the vehicle’s look and make driving safer. However, like with all parts, you’ll want new tires as close to the originals as possible. Some companies make new tires exclusively for classic cars that are similar to the originals, so research your options before purchasing.