classic car sales

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Today, in a down economy, foreclosures and repossessions are becoming commonplace. For some, in order to keep the bills paid, they are giving up their classic and collectible cars. And for those car owners falling on hard times, one man’s loss is another man’s gain.

Since 2007, America’s love affair with the automobile has been fading. With rising gas prices and exponential job losses, it has become more difficult to maintain and pay for our cars. Many drivers have opted for more fuel-efficient hybrid and fuel-efficient vehicles. But what about the classic car owner pampering their immaculate 1965 Mustang or 1972 Gran Torino? Scan the classified ads in your local newspapers and your topic to find mint-condition vintage or classic cars selling in droves. Many have considered classic car collecting an investment and a hobby. But when it comes to a dwindling retirement fund, or losing the money you’ve been saving for a college education, cashing in on that classic car becomes more appealing. Classic car dealers who never dreamed of selling their cherries are starting to make amends and giving up their cars.

In places like the Inland Empire, a vast populated suburban desert east of Los Angeles, the culture of classic car sales is a way of life. Every year, many collectors and enthusiasts travel the historic Route 66 from Riverside east to Pasadena, Glendale and Eagle Rock. Automotive traditions like cruising have been a part of American culture since the invention of the T-Model Ford. In movies like George Lucas’s “American Graffiti,” car travel is depicted as the pentacle of weekend entertainment. Washing and waxing your car, dropping the top, and driving up and down a long street may seem like a waste of money and gas today, but during the golden age of the automobile it was an experience for many Americans. look forward to it.

The image of the American car has gone from gold to heavy. Most sales of classic cars produced in the United States are labeled as gas guzzlers and poor investments that won’t last as long as their European or Asian counterparts. But even the collector car is now meeting the same fate as its modern descendants. The most current trend is the burning or sinking of classic cars that have been heavily insured. The federal government reports an increase in the destruction of personal property for the payment of insurance. Once-prized classic cars are now doused in gasoline and burned in sparsely populated areas or driven around and abandoned in Mexico, then reported stolen.

But for classic car sales enthusiasts who have never been able to afford the cars of their dreams, now may be the time to make your first purchase. Many owners who are desperate to sell are pricing their classic cars to get moving and moving fast. In fact, if you choose to pay cash, you may be able to walk away with a steal… if you can afford it.

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