By Lauren Fix, The Car Coach
Have you always wanted to buy a collector, muscle cars or collector car, but not sure how to get started? Check out this video as The Car Coach heads to We are LIVE Kissimmee, FL for the longest auction in America to speak with David Magers, CEO of Mecum Auctions. Mecum Auctions is the largest collector car auction in the world to getting some inside tips on investing in collector cars.
Many people have the classic car bug hit them at some point in life. Maybe they want that car they dreamed about in high school (or actually drove, and still miss). For others, it’s the idea of taking a rundown classic and restoring it to mint condition. Some just like buying investment-grade cars with hopes of profiting off them in the future. No matter what your reasoning for wanting a vintage automobile, before you buy one on a whim, check out the Mecum auctions online and NBC Sports to get a feel for you budget and lifestyle.
The key is to buy for all the right reasons for you. If your plan is to buy an investment-grade vehicle that you don’t plan to drive but will instead park in a temperature-controlled garage, waiting for demand to push the price up, do your research carefully on what car you buy. If you are looking to drive the vehicle, don’t buy a top restored car. Consider a vehicle to drive that you can enjoy whenever you want.
Mecum is a powerhouse in the collector car marketplace, launched in 1988 with humble family beginnings but today hosting 14 auctions nationwide, each one at about $30 million or more in sales.
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Lauren Fix, The Car Coach®, is a nationally recognized automotive expert, analyst, author, and television host. A trusted car expert, Lauren provides an insider’s perspective on a wide range of automotive topics and aspects, energy, industry, consumer news, and safety issues.
Lauren is the CEO of Automotive Aspects and the Editor-in-Chief of Car Coach Reports, a global automotive news outlet. She is an automotive contributor to national and local television news shows, including Fox News, Fox Business, CNN International, The Weather Channel, Inside Edition, Local Now News, Community Digital News, and more. Lauren also co-hosts a regular show on ABC.com with Paul Brian called “His Turn – Her Turn” and hosts regular radio segments on USA Radio – DayBreak.
Lauren is honored to be inducted into the Women’s Transportation Hall of Fame and a Board Member of the Buffalo Motorcar Museum, and Juror / President for the North American Car, Utility & Truck of the Year Awards.
Check her out on Twitter and Instagram @LaurenFix.