This is the classic old school versus new school date. In sports, we often say a retired player such as basketball Michael Jordan is better than a new NBA star player Lebron James or how Brett Favre is better than Aaron Rodgers for the Green Bay Packers.
In sports analogies, it is very difficult to compare because of the changing dynamics of other players, new rules to the game and most vitally because we can not compete the two against each other in each of their primes. Through restoration, we can compare old cars versus new cars.
Here are three reasons why older cars and trucks are better than newer cars and trucks
They are more unique- Through modern technology and increased demand for new cars in all price brackets, the cars are plentiful and common place. Even an exotica car like a Rolls Royce can be rather common in an environment such as Beverly Hills California. When is the last time you have seen a 1922 Harvester International at your local drive-in? How many have the pleasure of driving a fully restored 1970 Chevrolet C-10 truck? If you are looking for a unique vehicle, older cars and trucks are better than newer cars and trucks for there are less of them in the market. City Classic Cars has a 1970 that is certainly one of a kind.
They are Appreciating Assets not decreasing liabilities- A car is a necessity in many American cities especially the large land mass of Texas. The last report from the NADA says there are over 17, 540 franchised automobile dealerships in the USA. So what’s the problem? The problem is the average new car decreases value the moment you drive it off the lot. Furthermore, when is the last time you purchase a new vehicle off the showroom floor that had positive market equity? My answer is never. With older classic vehicles ( those older than 25 years of age as defined in Texas) rarely lose value the moment you drive them off the lot- albeit $10… and more so, it is a regular occurrence to purchase a classic car with equity. A classic vehicle is an appreciating asset which makes older cars and trucks better than newer cars and trucks. City Classic Cars has a 1970 Chevrolet C-10 for sale at $16, 500 that is valued near the $19, 000 mark
If you are interested in learning more about classic cars and trucks, be sure to check out our next blog at City Classic Cars.