Jim’s Blog: When is it Time to Sell?

When it comes to classic cars, buying is the easy part — just lay down the cash and take home your new prize. Hopefully your significant other is on-board and you’ve got a place to keep the new car — but those are only details, right? We can work them out later.

Selling, on the other hand, is a lot more involved. Why? Because if you’re like me, you get attached to the cars you own, even if only slightly. This is especially true after you’ve started working on them yourself. What was an easy acquisition becomes a harder liquidation once you’ve lived with a cool old classic for a while and made it your own. But selling is a fact of life. So how do you determine when it’s time?

Is it market based? Prices are up, so you move it out while the money’s good? Maybe it’s more a matter of space — you want something else and there’s no room in the inn. Time for that old ride to go. Or maybe it’s because a car’s done you wrong. Sports Car Market, ACC’s sister magazine, used to own a Volvo 544 that broke on me every single time I drove it. I couldn’t have hated that car more and was pretty happy to see it go (especially when I heard it was headed to another country).

What’s the single biggest factor that drives you to sell? How do you know when it’s time to move out that classic? Let me know in the comments below.