It is the dream of many to own a classic car. However, in order to fulfil this dream there are a number of factors to take into account to ensure that it does not turn into an expensive nightmare. 1) Knowledge Any decision you make in life should be based upon a foundation of knowledge, and owning a classic car is no different. It is essential that you know what ownership of a classic car entails. There are several ways that you achieve a reasonable knowledge of classic cars. Firstly, there are numerous publications available that will give you a general overview of the subject, with others that concentrate upon specific marques or types of automobiles. Reading such publications will provide you with an insight into the difficulties and benefits of owning your classic car. Secondly there is experience and recommendation. Those people who own classic cars can provide a wealth of knowledge from their experience and can steer the novice in a direction that will help them to avoid the many pitfalls of classic car ownership. Discussing your planned purchase with such people will be invaluable. You can contact these people through clubs, associations and attendance at classic car rallies and the time invested in this process will be invaluable. 2) Choice Whilst in essence the choice of car will be based upon personal preference, an element of realism has to be attached to this decision. Like all automobile choices, classic cars will vary in terms of cost, reliability and suitability to your needs dependent upon the individual marque chosen. Some models will require more maintenance than others. For example, as with modern premier marques the ownership costs of a classic Rolls Royce will be significantly higher than that of a classic ford. Therefore it is important that your choice of classic car is tempered against your budget and ongoing affordability levels. It would be disappointing to find that you have to relinquish ownership of your dream car because you did not give not give sufficient consideration to these issues prior to purchase. 3) Cost Buying a classic car will be a major financial investment and one that does not just include the initial cost of the automobile. There are also the ongoing costs such as insurance, storage and regular maintenance and upkeep costs to consider. Because of the unique nature of the vehicle insurance rates may vary dramatically, and many will limit the amount of miles you will be able to travel in your car annually. In Category:Home › Autos • Will the trend toward economy-size car models lead Americans back to buying smaller-sized cars? — part 2 • You should never use after-market auto parts when maintaining or fixing your car • Should a new car be rust-proofed? • Will the trend toward economy-size car models lead Americans back to buying smaller-sized cars? — part 1 • Five safest cars in North America • How to ensure your teen drives safely after getting a license • Pros and cons of using an hydrogen generator for your car • DIY automotive maintenance: How to change the oil