A classic car is generally more than 30 years old. Its production has also ceased. It retains its original characteristics from a mechanical and aesthetic point of view. You must make a request to benefit from a special registration document with the mention “collector’s vehicle”.
Classic cars are protected from the circulation restriction.
The technical inspection is carried out every five years if that of a normal vehicle is carried out every two years.
To obtain a new special registration document, submit an application to the National Agency for Secure Titles or ANTS. Bring the following documents:
A copy of the registration document or a document which certifies the origin of ownership;
After paying for the registration document, you obtain a provisional registration certificate and a file number. You can therefore move freely with these documents while waiting for the new registration document.
Why buy a classic car?
Mythical, restored old vehicles offer an exceptional driving sensation. Some models have become legends thanks to their performance and the design of their bodywork. If you want to relive the highlights of your youth, buy yourself a nice car from a collector.
In general, replacement parts for classic cars are usually easy to find and accessible. Additionally, you can take care of the repair and maintenance yourself. Indeed, this type of vehicle is quite simple to maintain in terms of mechanism and operation. This allows you to save money.
Buying a classic car can be an interesting financial investment. As the price of old cars continues to rise, it is possible to get a good deal. Be aware that limited series vehicles are the most sought after, and therefore more expensive. On the other hand, new car models decrease in value after use.
You benefit from other tax advantages when you invest in a classic car. Indeed, the ISF declaration remains optional.
How to buy a classic car?
Define future use
Do you need a car that will be driven every day or only on weekends? Do you want to have a remarkable car or a rather discreet one? Do you have the means to maintain it regularly? Clear answers to these questions allow you to have an idea of which model is right for you.
Prepare your budget
Calculating the budget necessary to be able to purchase the car is recommended. Indeed, you must provide a sum of money for the purchase, repatriation and restoration. Sometimes it is difficult to determine the cost of renovation. If necessary, call on an expert in the field or an enthusiast.
If you want to resell, buying a classic car there are other factors to take into account. Please note that the collector car market remains very volatile. According to some dealers, published ratings serve as a guide only. Choose a vehicle in good condition and whose rating continues to increase to guarantee your investment.
If you have identified the vehicle model you want to get, make a visit after checking the photos. This step allows you to see the small details of any repairs.
Interior condition: check the seats, dashboard, door trim and various electrical controls. Also check the radio, lights and ceiling. Ask the owner about non-original equipment and the vehicle’s history.
External condition: examination of the external appearance must be carried out in broad daylight. Take the time to check the bodywork and paint. The underbody, the trunk button, the rims and the bumpers should also be checked.
Under the hood: examining the engine is essential. Try to detect possible leaks and broken mechanical parts.
Old cars are often exposed to rust. Check for any rust so you can estimate the repair cost.
Before finalizing the purchase, take the vehicle for a quick spin. So you know the condition of the clutch and gearbox. Pay attention to suspicious noises and suspension operation. Also check the car papers, matching numbers and the technical inspection report.
If you are looking for a used car in good condition or a new vehicle, visit our BymyCAR website. You will discover Mercedes, Renault, BMW, Peugeot and other French vehicles.
What insurance for my classic car?
Apart from age, value and rarity are also considered as criteria for classifying a vehicle among collector’s cars. Certain fine automobiles less than 30 years old may be covered by special insurance for classic cars.
To find an insurance plan suited to your beautiful restored car, use an insurance comparator. You can also go through a specialized broker who offers this type of service.