It’s virtually impossible for a new classic car collector to not want to tweek with their new (to them) classic or vintage vehicle, but this is what many US classic car clubs are recommending to their members. Yes, they are recommending to hold on minor restorations.
Major restorations (from the frame to the trim) are still being recommended, including minor adjustments and upgrades to a vintage vehicle. Repainting the surface because of dents and dings, recovering the interior, adding in other “period pieces” should be avoided at all costs.
Why? Well the reason behind this thinking is quite simple. Classic car prices are exploding right now, and whether or not the vehicle is in pristine condition or if it is just a bit worse for wear, you will still be able to get an above average price for your classic car, truck or motorcycle.
It makes no sense to put out a considerable amount of money making minor cosmetic adjustments, as you will be crushing your profit margin if you decide to sell your vintage vehicle in a year, a few years, or even five years down the road.
But there is an exception to this recommendation: If you are absolutely in love with this specific vintage vehicle – and just can’t anticipate ever getting rid of it now or at any point in the near future – please, make all of the minor adjustments you want, this is your “baby”. Cars purchased to stay in the family are different than ones purchased as an investment. Specifically, these are the kinds of classic car collectors that are not in it for the investment opportunity, but rather those that are looking to fall in love all over again with the car of their dreams.