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Restoring an Exotic Car

Restoring an Exotic Car

There are plenty of car enthusiasts who think that they can’t afford to own the car of their dreams.  But that doesn’t have to be the case, if you check out the salvage market you may be able to find yourself a good deal.  A salvage car can be a car that was recovered after an accident or was stolen, sometimes it is just an old car that has deteriorated and needs a ton of work.  These types of cars are sold “as is” and you will have to decide if the car is worth it or not to you.  You will have to put some money into repairs to make the car roadworthy, so the cost of repairs will have to factor into your buying decision.  You may want to have a mechanic take a look before you buy.

Salvage Auctions

Each town or municipality has a salvage auction but you may have to travel a bit to find the model of car you’re looking for.  If you go to the auction site you can find a variety of cars there from new ones that have been written off in an accident to others that are more exotic.  In bigger cities like Los Angeles or Chicago you will stand a better chance of finding a high end car like a Jaguar or even a Ferrari.  You can search the auction site by make and model.  Most sites will indicate the condition of the car and the repairs that will be needed to make it driveable.

Do Your Own Due Diligence

For some car enthusiasts buying an exotic car is more than a hobby or a project it is a business.  They find a popular model of car and restore it to mint condition and then sell it at a profit.  If you are looking for a project car then make sure you go over with a mechanic the repairs outlined in the description.  Bear in mind that there will be cars there that are beyond repair.  For example if the frame has been damaged then the safety of the vehicle is compromised and it is only useful for the undamaged parts.  The onus will be on you to assess whether a car is worth buying or not.

Bidding at an Auction

Buying a car at an auction can be hit or miss, sometimes you can find an exceptional deal and other times the place is packed and the competition is fierce.  Have patience.  You will have to bring cash with you, you won’t be able to finance your purchase like you would with a dealer.

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How to Buy Your First Exotic Car

How to Buy Your First Exotic Car

What represents an exotic car to you?  Is it one of the expensive European models like a Ferrari or an Ashton Martin?  Do you admire the muscle cars from Detroit back in the 60’s?  Whatever car tickles your fancy you should know that buying one isn’t always easy.  Finding your dream car isn’t like walking into a dealership and plopping down a bag of cash. If you’re wondering how to buy your first exotic car then let’s show you how.

Finding Your Car

You may have a specific model in mind or you may be looking for a particular style of car.  However, first thing you need to decide is how much you are willing to spend.  Are you looking for a project car that you can restore yourself or something newer that you can modify to suit your needs?  Maybe you want to find a car that you don’t have to put any work into you can just pay the seller and drive off into the sunset.  Whatever the case is you’re going to have to narrow down your list of choices and start researching.

Learn the Language

Gearheads speak their own language and you need to be able to communicate in that language.  If you’re buying a car because it is valuable or because of aethestic appeal then you might want to learn a thing or two about torque and horsepower.  You want to understand the type of engine in your car and just what your car is capable of.

Be Prepared to Travel

Most exotic car owners are looking for something rare, you won’t necessarily find it in your backyard or even in your state.  You may have to do some traveling to find the perfect car.  There are some sites you can look at online to check out where you might find  the right car.  Start with sites like cars.com, autotrader.com or you might find what you want on eBay.

Private Sales

You more than likely may end up buying your car through a private sale rather than through a car dealership.  The rules are a bit different when it comes to private sales.  Test driving your car may be out of the questions and you are buying the car “as is” without any kind of warranty or guarantee.  Price is also negotiable so break out your best negotiating skills.

Take your time and find the perfect car for you.

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