{"id":11590,"date":"2023-12-08T15:57:28","date_gmt":"2023-12-08T22:57:28","guid":{"rendered":"https:\/\/blog2.neighbor.com\/storage-blog\/?p=11590"},"modified":"2024-01-29T15:06:34","modified_gmt":"2024-01-29T22:06:34","slug":"how-to-start-a-car-collection","status":"publish","type":"post","link":"https:\/\/www.neighbor.com\/storage-blog\/how-to-start-a-car-collection\/","title":{"rendered":"How to Start a Car Collection: 5 Essential Tips"},"content":{"rendered":"<!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\">\n<html><body><p class=\"wp-block-paragraph\"><em>So, you&rsquo;re wondering how to start a car collection.<\/em> If you are, you know that starting a car collection <strong>is more than just<\/strong> purchasing a few fancy vehicles and calling yourself a member of the <a href=\"https:\/\/www.neighbor.com\/storage-blog\/complete-guide-on-classic-car-values\/\">classic car<\/a> club.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Any responsible car collector will <strong>understand the work involved<\/strong>. You need to keep up-to-date on routine maintenance, find the right <a href=\"https:\/\/www.neighbor.com\/storage-blog\/luxury-car-storage\/\">luxury car storage<\/a> provider, <em>and <\/em>track the <a href=\"https:\/\/www.neighbor.com\/storage-blog\/classic-cars-that-will-increase-in-value\/\">collector cars set to increase in value<\/a> <em>(that way, you can build a lucrative car collection).&nbsp;<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">When you buy a collector car, you can&rsquo;t stick this asset just anywhere. Depending on the size of your collection, you&rsquo;ll need an enclosed (and potentially climate-controlled) storage space, sure to preserve the value of your collector vehicles.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Ready to learn the ins and outs of being a car collector (like these <a href=\"https:\/\/www.neighbor.com\/storage-blog\/celebrity-car-collection\/\">A-list celebrities<\/a>)? If yes, strap in your seatbelt and enjoy the ride!<\/p>\n\n\n\n<h2 id=\"determine-your-storage-solution\" class=\"wp-block-heading\">Determine Your Storage Solution<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Before you start making any purchases, you&rsquo;ll want to arrange a storage location first, especially if you plan to build a collection of more than four vehicles.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Square footage, location, and security<\/strong> are the three main factors to consider when selecting a storage solution for your car collection.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">You&rsquo;ll want a storage option that&rsquo;s&hellip;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Close to your home residence for easy access&nbsp;<\/li>\n\n\n\n<li>Large enough for your specific model of car (a storage space that&rsquo;s at least <a href=\"https:\/\/www.neighbor.com\/storage-blog\/10x20-storage-unit-ultimate-guide-10x20-storage-unit\/\">10&rsquo;x20&rsquo;<\/a> is recommended)&nbsp;<\/li>\n\n\n\n<li>Reasonably priced (For more information on average car storage costs, check out <a href=\"https:\/\/www.neighbor.com\/storage-blog\/car-storage-cost-2023\/\">this article<\/a>)<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Despite popular misconceptions, classic car collecting isn&rsquo;t a hobby reserved for the rich and famous. With plenty of classic cars <a href=\"https:\/\/www.neighbor.com\/storage-blog\/best-classic-cars-under-10k\/\">valued at under $10k<\/a> on the market, <em>just about anyone can start a car collection of their own.&nbsp;<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If you&rsquo;re looking to build a classic car collection on a budget, you&rsquo;ll need budget-friendly car storage. Neighbor, a peer-to-peer storage marketplace offers <a href=\"https:\/\/www.neighbor.com\/car-storage-near-me\">car storage at up to 50% less than traditional car storage yards.<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Keep in mind that the right <a href=\"https:\/\/www.neighbor.com\/storage-blog\/classic-car-storage\/\">storage solution<\/a> will not only safeguard your car collection from damage but will also increase the longevity of your vehicles (all while preserving their value).<\/p>\n\n\n\n<html><body><div id=\"in_post\">\n    <div class=\"variant\">\r\n\t\t<a href=\"https:\/\/www.neighbor.com\/car-storage-near-me\" onclick=\"rudderanalytics.track('press editorial cta button', {location: 'first in post', version: '2.2'}, () =&gt; { console.log('track call'); });\">\r\n\t\t  <div class=\"first-in-post-cta\">\r\n\t\t    <header>\r\n\t\t      <h2 id=\"how-neighbor-is-changing-car-storage\">How Neighbor is changing car storage<\/h2>\r\n\t\t    <\/header>\r\n\t\t    <section>\r\n\t\t      <div class=\"service-option\">\r\n\t\t        <div class=\"service-option-icon\">\r\n\t\t          <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"60\" height=\"60\" viewbox=\"0 0 60 60\" fill=\"none\">\r\n\t\t            <path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M13.125 9.375C11.0539 9.375 9.375 11.0539 9.375 13.125V46.875C9.375 48.9461 11.0539 50.625 13.125 50.625H46.875C48.9461 50.625 50.625 48.9461 50.625 46.875V13.125C50.625 11.0539 48.9461 9.375 46.875 9.375H13.125ZM28.125 16.875C28.125 15.8395 28.9645 15 30 15C31.0355 15 31.875 15.8395 31.875 16.875V20.625H35.625C36.6605 20.625 37.5 21.4645 37.5 22.5C37.5 23.5355 36.6605 24.375 35.625 24.375H26.25C25.2145 24.375 24.375 25.2145 24.375 26.25C24.375 27.2855 25.2145 28.125 26.25 28.125H33.75C36.8566 28.125 39.375 30.6434 39.375 33.75C39.375 36.8566 36.8566 39.375 33.75 39.375H31.875V43.125C31.875 44.1605 31.0355 45 30 45C28.9645 45 28.125 44.1605 28.125 43.125V39.375H22.5C21.4645 39.375 20.625 38.5355 20.625 37.5C20.625 36.4645 21.4645 35.625 22.5 35.625H33.75C34.7855 35.625 35.625 34.7855 35.625 33.75C35.625 32.7145 34.7855 31.875 33.75 31.875H26.25C23.1434 31.875 20.625 29.3566 20.625 26.25C20.625 23.1434 23.1434 20.625 26.25 20.625H28.125V16.875Z\" fill=\"#005EB8\"><\/path>\r\n\t\t          <\/svg>\r\n\t\t        <\/div>\r\n\t\t        <h3 id=\"transparent-monthly-savings\">Transparent monthly savings<\/h3>\r\n\t\t        <p>Renters save 30-50% on car storage, on average. No rate hikes.<\/p>\r\n\t\t      <\/div>\r\n\t\t      <div class=\"service-option\">\r\n\t\t        <div class=\"service-option-icon\">\r\n\t\t          <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"60\" height=\"60\" viewbox=\"0 0 60 60\" fill=\"none\">\r\n\t\t\t\t\t\t\t<path d=\"M23.5226 35.6271C22.4882 35.58 21.6115 36.3805 21.5644 37.415C21.5174 38.4495 22.3179 39.3262 23.3524 39.3732L33.6649 39.8419C34.6993 39.889 35.576 39.0885 35.6231 38.054C35.6701 37.0196 34.8696 36.1428 33.8351 36.0958L23.5226 35.6271Z\" fill=\"#005EB8\"><\/path>\r\n\t\t\t\t\t\t\t<path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M8.06284 46.7257L4.92731 46.3338C2.11239 45.9819 0 43.589 0 40.7522V35.7872C0 31.5616 3.48915 28.1702 7.71303 28.2903L7.81335 28.2931L15.0402 22.6234C18.2515 20.104 22.2671 18.834 26.3432 19.0485L35.2251 19.516C37.8612 19.6547 40.3166 20.8983 41.9882 22.9414L47.9327 30.2068L52.8988 31.4484C57.0722 32.4917 60 36.2416 60 40.5434V41.2501C60 44.3567 57.4816 46.8751 54.375 46.8751H49.9935C48.9402 49.0923 46.6804 50.6251 44.0625 50.6251C41.4446 50.6251 39.1848 49.0923 38.1315 46.8751H19.9935C18.9402 49.0923 16.6804 50.6251 14.0625 50.6251C11.3862 50.6251 9.08411 49.0231 8.06284 46.7257ZM17.3549 25.5738C19.8526 23.6143 22.9758 22.6264 26.1461 22.7933L28.125 22.8975V29.1746L13.5795 28.5357L17.3549 25.5738ZM31.875 29.3394V23.0948L35.028 23.2608C36.6096 23.344 38.0829 24.0902 39.0859 25.316L42.7692 29.818L31.875 29.3394ZM8.36976 32.0604L46.6037 33.74L51.9893 35.0864C54.4933 35.7124 56.25 37.9623 56.25 40.5434V41.2501C56.25 42.2857 55.4105 43.1251 54.375 43.1251H50.5585C50.1036 39.9448 47.3686 37.5001 44.0625 37.5001C40.7564 37.5001 38.0214 39.9448 37.5665 43.1251H20.5585C20.1036 39.9448 17.3686 37.5001 14.0625 37.5001C10.8387 37.5001 8.15775 39.8248 7.6046 42.8892L5.39244 42.6127C4.45413 42.4954 3.75 41.6978 3.75 40.7522V39.3751H5.625C6.66053 39.3751 7.5 38.5357 7.5 37.5001C7.5 36.4646 6.66053 35.6251 5.625 35.6251H3.75344C3.83995 33.5884 5.54887 31.9803 7.60652 32.0387L8.36976 32.0604ZM11.25 44.0626C11.25 42.5093 12.5092 41.2501 14.0625 41.2501C15.6158 41.2501 16.875 42.5093 16.875 44.0626C16.875 45.6159 15.6158 46.8751 14.0625 46.8751C12.5092 46.8751 11.25 45.6159 11.25 44.0626ZM44.0625 46.8751C42.5092 46.8751 41.25 45.6159 41.25 44.0626C41.25 42.5093 42.5092 41.2501 44.0625 41.2501C45.6158 41.2501 46.875 42.5093 46.875 44.0626C46.875 45.6159 45.6158 46.8751 44.0625 46.8751Z\" fill=\"#005EB8\"><\/path>\r\n\t\t\t\t\t\t\t<\/svg>\r\n\t\t        <\/div>\r\n\t\t        <h3 id=\"keep-your-car-nearby\">Keep your car nearby<\/h3>\r\n\t\t        <p>Find trusted car storage just minutes from where you live.<\/p>\r\n\t\t      <\/div>\r\n\t\t      <div class=\"service-option\">\r\n\t\t        <div class=\"service-option-icon\">\r\n\t\t          <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"60\" height=\"60\" viewbox=\"0 0 60 60\" fill=\"none\">\r\n\t\t            <path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M30 7.5C25.5499 7.5 21.1998 8.8196 17.4997 11.2919C13.7996 13.7643 10.9157 17.2783 9.21272 21.3896C7.50975 25.501 7.06417 30.025 7.93234 34.3895C8.80051 38.7541 10.9434 42.7632 14.0901 45.9099C17.2368 49.0566 21.2459 51.1995 25.6105 52.0677C29.975 52.9358 34.4991 52.4903 38.6104 50.7873C42.7217 49.0843 46.2357 46.2004 48.7081 42.5003C51.1804 38.8002 52.5 34.4501 52.5 30C52.5 24.0326 50.1295 18.3097 45.9099 14.0901C41.6903 9.87053 35.9674 7.5 30 7.5ZM41.5295 26.7545C42.7193 25.5646 42.7193 23.6354 41.5295 22.4455C40.3396 21.2556 38.4104 21.2556 37.2205 22.4455L26.7061 32.96L22.7795 29.0334C21.5896 27.8435 19.6604 27.8435 18.4705 29.0334C17.2807 30.2232 17.2807 32.1524 18.4705 33.3423L24.5516 39.4234C25.123 39.9948 25.898 40.3158 26.7061 40.3158C27.5142 40.3158 28.2891 39.9948 28.8605 39.4234L41.5295 26.7545Z\" fill=\"#005EB8\"><\/path>\r\n\t\t          <\/svg>\r\n\t\t        <\/div>\r\n\t\t        <h3 id=\"storage-made-simple\">Storage made simple<\/h3>\r\n\t\t        <p>Don't settle for stone age tech and long contracts. Neighbor makes it easy.<\/p>\r\n\t\t      <\/div>\r\n\t\t    <\/section>\r\n\t\t    <footer>\r\n\t\t      <button>Search nearby car storage <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"25\" height=\"24\" viewbox=\"0 0 25 24\" fill=\"none\">\r\n\t\t          <path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M11 2.90625C9.4981 2.90625 8.02993 3.35162 6.78114 4.18603C5.53236 5.02044 4.55905 6.20642 3.98429 7.594C3.40954 8.98157 3.25916 10.5084 3.55217 11.9815C3.84517 13.4545 4.56841 14.8076 5.63041 15.8696C6.69242 16.9316 8.04549 17.6548 9.51854 17.9478C10.9916 18.2408 12.5184 18.0905 13.906 17.5157C14.4508 17.29 14.9646 17.0029 15.4382 16.6618L19.5132 20.7368C19.9892 21.2127 20.7608 21.2127 21.2368 20.7368C21.7127 20.2608 21.7127 19.4892 21.2368 19.0132L17.1618 14.9382C17.2137 14.8661 17.2645 14.793 17.314 14.7189C18.1484 13.4701 18.5938 12.0019 18.5938 10.5C18.5938 8.48601 17.7937 6.55451 16.3696 5.13041C14.9455 3.7063 13.014 2.90625 11 2.90625ZM14.7493 14.0398C14.9463 13.8311 15.1264 13.6054 15.2873 13.3647C15.8538 12.5167 16.1562 11.5198 16.1562 10.5C16.1562 9.13248 15.613 7.82096 14.646 6.85398C13.679 5.887 12.3675 5.34375 11 5.34375C9.98019 5.34375 8.98328 5.64616 8.13534 6.21273C7.2874 6.77931 6.62651 7.58461 6.23625 8.52679C5.84599 9.46897 5.74387 10.5057 5.94283 11.5059C6.14178 12.5061 6.63287 13.4249 7.35398 14.146C8.0751 14.8671 8.99385 15.3582 9.99407 15.5572C10.9943 15.7561 12.031 15.654 12.9732 15.2638C13.5557 15.0225 14.086 14.6777 14.5398 14.2493C14.5699 14.2108 14.6028 14.1737 14.6382 14.1382C14.6737 14.1028 14.7108 14.0699 14.7493 14.0398Z\" fill=\"#EFF5F8\"><\/path>\r\n\t\t        <\/svg>\r\n\t\t      <\/button>\r\n\t\t    <\/footer>\r\n\t\t  <\/div>\r\n\t\t<\/a>\r\n\t<\/div>\n  <\/div><\/body><\/html><h2 id=\"establish-your-collection-theme\" class=\"wp-block-heading\">Establish Your Collection Theme<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">One of the top tips for starting a car collection is to establish a theme for your collection. A cohesive theme is what sets your collection apart from a random assortment of vehicles.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If you&rsquo;re unsure where to begin, here are some popular car collection themes and vehicles you can start them with:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#9679;&nbsp; &nbsp; &nbsp; Vintage cars (e.g. <a href=\"https:\/\/www.classic.com\/m\/chevrolet\/series-490\/\" target=\"_blank\">Chevrolet Series 490<\/a>)<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#9679;&nbsp; &nbsp; &nbsp; Classic cars (e.g. <a href=\"https:\/\/classics.autotrader.com\/classic-cars-for-sale\/ford-mustang-for-sale\" target=\"_blank\">1965 Ford Mustang<\/a>)<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#9679;&nbsp; &nbsp; &nbsp; Fast cars (e.g. <a href=\"https:\/\/www.supercars.net\/blog\/mclaren-f1\/\" target=\"_blank\">McLaren F1<\/a>)<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#9679;&nbsp; &nbsp; &nbsp; Sports cars (e.g. <a href=\"https:\/\/www.motortrend.com\/reviews\/chevy-corvette-c8-best-car-ever-driven\/\" target=\"_blank\">Corvette C8<\/a>)<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Prior to purchasing cars, it&rsquo;s important to ask yourself questions like, <em>&ldquo;Am I more interested in vintage automobiles or sports cars?&rdquo;<\/em> and <em>&ldquo;Do I prefer rare models or those that are more readily available?&rdquo; <\/em>Perhaps the most important question of all is, <em>&ldquo;What type of collectible cars can I afford?<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Regardless of the cars you&rsquo;re leaning toward, take the advice of Jay Leno, who recommends listening to your heart when beginning a car collection.<\/p>\n\n\n\n<h2 id=\"network-with-fellow-collectors\" class=\"wp-block-heading\">Network with Fellow Collectors<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Connecting with others who share your passion can provide valuable insights, technical guidance, and information on where to find\/buy the collector cars you&rsquo;ve been eyeing.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Interacting with other car collectors provides you with inspiration for your car collection goals as well as invaluable, firsthand information on market trends, pricing, and demands for various types of cars.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Attending<a href=\"https:\/\/www.neighbor.com\/storage-blog\/the-top-10-best-classic-car-shows-in-america\/\"> car shows<\/a> and track events is a fantastic way to:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#9679;&nbsp; &nbsp; &nbsp; Meet other collectors and learn from their experiences<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#9679;&nbsp; &nbsp; &nbsp; Assess the competition in your area to prevent bidding wars and confrontations.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#9679;&nbsp; &nbsp; &nbsp; Cultivate relationships with other collectors to make meaningful connections.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#9679;&nbsp; &nbsp; &nbsp; Gain knowledge of the collecting cars industry<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><em>Never underestimate the power of networking,<\/em><\/strong> as it can lead to invaluable friendships and even potential leads for future purchases. Remember, the more you learn from the experience of other car collectors, the more successful your car-collecting journey will be.<\/p>\n\n\n\n<html><body><div id=\"2_in_post\">\n    <a href=\"https:\/\/www.neighbor.com\/search?can_store_vehicle=true&amp;overrideTitle=Car%20Storage&amp;storing=Vehicle\" onclick=\"rudderanalytics.track('press editorial cta button', {location: 'second in post', version: '2.0'}, () =&gt; { console.log('track call'); });\">\r\n  <div class=\"second-in-post-cta\">\r\n    <section>\r\n      <div class=\"service-option\">\r\n        <h2 id=\"save-up-to-1200-year-on-car-storage\">Save up to $1,200\/year on car storage<\/h2>\r\n        <button>Search in your area\r\n          <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"25\" height=\"24\" viewbox=\"0 0 25 24\" fill=\"none\">\r\n            <path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M11 2.90625C9.4981 2.90625 8.02993 3.35162 6.78114 4.18603C5.53236 5.02044 4.55905 6.20642 3.98429 7.594C3.40954 8.98157 3.25916 10.5084 3.55217 11.9815C3.84517 13.4545 4.56841 14.8076 5.63041 15.8696C6.69242 16.9316 8.04549 17.6548 9.51854 17.9478C10.9916 18.2408 12.5184 18.0905 13.906 17.5157C14.4508 17.29 14.9646 17.0029 15.4382 16.6618L19.5132 20.7368C19.9892 21.2127 20.7608 21.2127 21.2368 20.7368C21.7127 20.2608 21.7127 19.4892 21.2368 19.0132L17.1618 14.9382C17.2137 14.8661 17.2645 14.793 17.314 14.7189C18.1484 13.4701 18.5938 12.0019 18.5938 10.5C18.5938 8.48601 17.7937 6.55451 16.3696 5.13041C14.9455 3.7063 13.014 2.90625 11 2.90625ZM14.7493 14.0398C14.9463 13.8311 15.1264 13.6054 15.2873 13.3647C15.8538 12.5167 16.1562 11.5198 16.1562 10.5C16.1562 9.13248 15.613 7.82096 14.646 6.85398C13.679 5.887 12.3675 5.34375 11 5.34375C9.98019 5.34375 8.98328 5.64616 8.13534 6.21273C7.2874 6.77931 6.62651 7.58461 6.23625 8.52679C5.84599 9.46897 5.74387 10.5057 5.94283 11.5059C6.14178 12.5061 6.63287 13.4249 7.35398 14.146C8.0751 14.8671 8.99385 15.3582 9.99407 15.5572C10.9943 15.7561 12.031 15.654 12.9732 15.2638C13.5557 15.0225 14.086 14.6777 14.5398 14.2493C14.5699 14.2108 14.6028 14.1737 14.6382 14.1382C14.6737 14.1028 14.7108 14.0699 14.7493 14.0398Z\" fill=\"#EFF5F8\"><\/path>\r\n          <\/svg>\r\n        <\/button>\r\n      <\/div>\r\n    <\/section>\r\n  <\/div>\r\n<\/a>\n  <\/div><\/body><\/html><h2 id=\"dont-forget-to-set-a-budget\" class=\"wp-block-heading\">Don&rsquo;t Forget to Set a Budget&nbsp;<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Get caught up in the excitement of buying the first car of your soon-to-be collection, and you might not stop to think as you write the zeros and commas on that check. <strong><em>Remember<\/em><\/strong>, a reckless purchasing decision is no way to start a car collection.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Before buying a collector car <em>(or even building out your collectible car wishlist)<\/em>, you&rsquo;ll want to set an initial budget, which will help prevent overspending and ill-advised decisions. Bear in mind, that <strong>the ultimate aim of collecting cars is to make a profit<\/strong>, thus, it&rsquo;s advisable to avoid falling into debt whilst financing your collection.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The amount you spend on your car collection will depend on what&rsquo;s significant to you as a collector, whether you&rsquo;re interested in the legacy of the <a href=\"https:\/\/www.hagerty.com\/valuation-tools\/ford\/thunderbird\/1955\/1955-ford-thunderbird\" target=\"_blank\">&rsquo;55 Thunderbird<\/a> or the sheer power of the <a href=\"https:\/\/www.shelby.com\/Vehicles\/GT500-Signature-Edition\" target=\"_blank\">Shelby GT500<\/a>. Keep in mind that maintenance costs can add up to a few thousand dollars annually for each car of interest.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Also, note that selecting the right insurance policy for your car collection is crucial. As a rule of thumb, you want to choose an insurance company that <strong>offers compensation based on the pre-determined, appraised value of your car.<\/strong><\/p>\n\n\n\n<h2 id=\"account-for-maintenance-costs\" class=\"wp-block-heading\">Account for Maintenance Costs<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">A car collection isn&rsquo;t a set-it-and-forget-it investment opportunity. If you leave your collector cars to gather dust in a storage unit or commercial garage, you can expect their value to depreciate <em>(and quickly).&nbsp;<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Keep in mind: a well-kept car collection not only looks striking but also sustains its value over the years.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It&rsquo;s also important to remember that the maintenance your car underwent before you owned it <em>(assuming your collector car isn&rsquo;t brand-new)<\/em> is just as important as the maintenance performed while it&rsquo;s in your possession. Before you agree to a buy, <strong>request a car history report.&nbsp;<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Questions like <em>&ldquo;Does the car have all its original parts?&rdquo;<\/em>, <em>&lsquo;How much restorative work has been done on the car?&rdquo; <\/em>and <em>&ldquo;Did the previous owner have exceptional or mediocre storage facilities?&rdquo; <\/em>will help you unearth all the information you need to know as a new car collector.&nbsp;<\/p>\n\n\n\n<h2 id=\"final-thoughts\" class=\"wp-block-heading\">Final Thoughts<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Whether you&rsquo;re in it for the thrill of vintage rides or the investment opportunity, remember that classic cars are less weather-proof than newer models, and therefore, require proper storage.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If you&rsquo;re a new car collector, you can find enclosed and covered car storage options through peer-to-peer storage marketplaces like<a href=\"https:\/\/www.neighbor.com\/car-storage-near-me\"> Neighbor<\/a>.&nbsp;<\/p>\n\n\n\n<h2 id=\"frequently-asked-questions\" class=\"wp-block-heading\">Frequently Asked Questions<\/h2>\n\n\n\n<h3 id=\"can-you-make-money-collecting-cars\" class=\"wp-block-heading\">Can You Make Money Collecting Cars?<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Yes, collecting classic cars can be a profitable endeavor, as they often increase in value over time due to their rarity, performance, or special attributes.<\/p>\n\n\n\n<h3 id=\"how-many-cars-are-considered-a-collection\" class=\"wp-block-heading\">How Many Cars Are Considered a Collection?<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Owning <strong>three or more cars of considerable value or rarity <\/strong>constitutes as a car collection.&nbsp;&nbsp;<\/p>\n\n\n\n<h3 id=\"is-it-worth-starting-a-car-collection\" class=\"wp-block-heading\">Is It Worth Starting a Car Collection?<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Collector cars can be an excellent financial investment, with <a href=\"https:\/\/www.hagerty.com\/media\/market-trends\/bull-market-what-categories-climbed-highest\/\" target=\"_blank\">Hagerty reporting an average annualized return of 4.6% from 2018-2023<\/a>. Having a car collection is therefore definitely worth it.<\/p>\n\n\n\n<h3 id=\"what-factors-should-i-consider-when-choosing-a-storage-solution-for-my-car-collection\" class=\"wp-block-heading\">What Factors Should I Consider When Choosing a Storage Solution for My Car Collection?<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">When choosing a storage solution for your car collection, consider factors such as space, location, and security to ensure your cars are properly protected.<\/p>\n\n\n\n<h3 id=\"can-i-kickstart-my-vintage-car-collection-with-just-one-old-car\" class=\"wp-block-heading\">Can I Kickstart My Vintage Car Collection With Just One Old Car?<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Yes, you absolutely can!<\/p>\n<\/body><\/html>\n","protected":false},"excerpt":{"rendered":"So, you&rsquo;re wondering how to start a car collection. If you are, you know that starting a car&hellip;\n","protected":false},"author":30,"featured_media":11591,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"csco_singular_sidebar":"","csco_page_header_type":"","csco_appearance_grid":"","csco_page_load_nextpost":"","csco_post_video_location":[],"csco_post_video_location_hash":"","csco_post_video_url":"","csco_post_video_bg_start_time":0,"csco_post_video_bg_end_time":0,"footnotes":""},"categories":[194],"tags":[],"class_list":["post-11590","post","type-post","status-publish","format-standard","has-post-thumbnail","category-cars","cs-entry","cs-video-wrap"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How to Start a Car Collection: 5 Essential Tips - Neighbor Blog<\/title>\n<meta name=\"description\" content=\"Owning 3+ cars of considerable value \/ rarity constitutes a car collection.\u00a0Note that starting a car collection is possible with any budget\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.neighbor.com\/storage-blog\/how-to-start-a-car-collection\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How to Start a Car Collection: 5 Essential Tips - 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