Re: Article about Classic Cars dropping in Value

Posted by kevinpackard On 2021/6/17 0:19:09

I would consider myself on the younger end of the spectrum (mid 30's). For much of my demographic, the thing that hinders us the most from getting into classic cars is the cost. At this point in life, myself and many of my peers have young families and the priority is (rightly) to them. There isn't always a lot left over for things that aren't a necessity like a classic car.

Time is the other factor. Guys in my age demographic are typically heavily involved in their career, and most free time would be spent with the family (ideally). Between work, family, and other obligations there usually isn't enough time for someone in my situation to do much to restore a car.

It wasn't until last year that I finally was able to get a Packard, after having wanted one for 12 years. And the one I got was inexpensive compared to most. I've earned good money but up until now all the money has been going to more important things. I finally reached the point where we could set some aside for something completely non-essential like my Packard.

I spend what time I can working on it, but that is not much. An hour or two during the week, and a couple hours on the weekend. Not much, but some.

I think the interest for classic cars is there. But the reality is that for most in my age group, purchasing a classic is not feasible from a financial or time management standpoint.

-Kevin