Buying a Unique Car
Buying a unique car is a great idea on the surface of it. Having a unique car is the coolest thing in cool town and it will make you stand out far more than buying a new BMW. Unique cars often also come at a far lower price than you would expect and this is a bonus for all bargain hunters out there. Unique cars, however, can have some serious costs rattling under their bonnets and this article considers why.
Buying a unique Pontiac or Cadillac may be cheaper than you would expect, but the maintenance will certainly be higher than you would expect too. The key problem with older cars is that they are made of parts that are no longer in production anywhere in the world. Maintaining them is thus a difficult task.
You will not be able to expect a mobile mechanic, for example, to fix your car by the roadside if you are driving something unique. The clear reason for this is that they simply will not have a Pontiac specific kit in the back of their van. Maintaining a unique car will be expensive because you will have to hunt for parts and the flipside of this is that you may be left without transport for a long period whilst parts are ordered from overseas or are dug up from wreckers.
Another significant cost to having a unique car is the insurance. The reason that the insurance costs are high is because an insurer will find it remarkably difficult to replace or repair the car if damage does occur. This means that insurance will be costly and it also often means that only third party insurance will be available, leaving you to pay for any damages to your vehicle that were caused by your own fault.
The fuel economy of a unique car is something that you will also need to consider. Older vehicles will likely be less efficient than newer models and older engines will be less efficient than newer versions of the same. Fuel economy is an important thing to consider in the current economic climate as the rapid increases in fuel costs seem set to continue indefinitely.
Safety is another important element when buying a vehicle. Safety features that we now expect as standard will not necessarily be found in any older vehicles and as such this can reduce the safety for you and your passengers. Safety is an essential element of driving so it is vital to consider this aspect when buying a unique car.
The alternative to buying a unique car to stand out is to buy a flashy new car to show off to your friends. The cost of doing this is generally the biggest turn-off for buyers, but the savings that will be made on fuel, insurance and maintenance will likely make this far more affordable.
Considering car loans to buy a nicer, new vehicle is wise, as it will probably still save you money in the long run. Buying a new car and adding a turbo or an induction kit is a good way to make your vehicle stand out from the crowd without the huge expenses associated with older and unique vehicles.