5 common mistakes when buying a classic

If you are thinking of buying your first classic car, avoid these 5 common mistakes when buying a classic that almost ruined my experience.

Is it worth buying a classic?

When I bought my first classic car, I felt like I was fulfilling a childhood dream.

I always imagined having a in my garage 1967 Chevrolet Impala, like the one that appeared in the old movies.

But the truth is, I made several mistakes that cost me dearly – not just in money, but also in frustration.

If you're thinking about getting into this world, let me tell you what no one told me that would have totally changed my experience.

Because yes, buying a classic can be the best thing that ever happens to you... or a nightmare on wheels if you're not prepared.

Below, I share with you the 5 common mistakes when buying a classic that we who enter for the first time into this universe full of nostalgia, oil and passion make.

1. Falling in love at first sight (without checking thoroughly)

I admit it: I was carried away by the shine of the paint and the roar of the engine. I saw it, I tested it, and I bought it… all in the same day.
Brutal mistake.

What I didn't see at the time (because I didn't want to see it) was that the car had rust under the carpet, an electrical system modified with cheap electrical tape, and steering that danced more than I did at a party.

Golden Council: Always take a mechanic specializing in classic cars with you. And if you don't know one, pay for a professional inspection.

Believe me, it can save you thousands of euros and headaches.

Read more: Evaluation guide for different models and eras

2. Not having a realistic budget (and thinking you only spend money when shopping)

I thought my savings were enough. I bought the car and ended up with very little margin. Big mistake.

What I didn't count on was that a month later I had to change the brakes, water pump, and tires.

And each piece was more expensive than a dinner with expensive wine in Madrid.

If you're at this point, create a budget beyond the purchase price. Include:

• Transfer or crane
• Taxes and procedures
• First complete maintenance
• Specialized insurance
• Possible urgent restorations

It's not just about buying it. It's about maintaining it and enjoying it... without going bankrupt.

3. Thinking that any workshop can handle a classic

This was a mistake that cost me time and money. I took the car to a trusted garage that specialized in modern cars.

Result? They returned it to me with more problems than it had.

Classics are a different story. There are pieces that no longer exist, systems that are no longer used, and ways of working that were learned decades ago.

Pro tip: Look for workshops specializing in vintage or collector cars. Ask on forums, Facebook groups, or even at classic car events.

The community is a gem and there's always someone willing to help you.

4. Not investigating the car's documentation or history

This sounds basic, but it happened to me. I was so focused on the car's aesthetics that I didn't even ask for a paperwork check before handing over the money.

What happened? I had to fight for months to get the ownership transferred because the car had an outstanding debt from years ago.

Check:

• May I have all documentation in order
• If it is registered as historical (which affects taxes and circulation)
• How many owners has it had?
• If you have had serious accidents or structural alterations

Don't underestimate the slip of paper. It can become your worst enemy if you don't check it carefully.

5. Buying on impulse and without a long-term plan

I know it sounds cliché, but the excitement of buying a classic car can cloud your vision.

I did it on impulse, without thinking about whether I had somewhere to store it, whether I wanted to use it every weekend or just for exhibitions.

The result? I went months without being able to use it because I didn't have a suitable place to keep it safe from the elements.

The car ended up starting to rust just from being poorly stored.

Ask yourself first:

• Where are you going to store it?
• Do you want to use it or just display it?
• Are you willing to invest time in its maintenance?
• What is your goal: passion, investment, or both?

Being clear about this from the beginning saves you from making bad decisions.

What I learned the hard way

Buying a classic car is an incredible experience if you do it with a cool head and a warm heart.

The bad thing is that most people, like me, do it the other way around.

Today, several years later, I still have that Impala. But not before going through moments where I thought about selling it and forgetting about it.

Luckily, I learned. And I want you to learn without going through the same thing.

Bottom line: Avoid these mistakes

✅ Don't buy on emotion without checking
✅ Make a realistic budget (beyond the purchase)
✅ Choose specialized workshops
✅ Review the documentation carefully
✅ Think long-term: what are you going to do with your car?

And now what?

If you enjoyed this article, share it with that friend who's thinking about buying their first classic.

And if you already have yours, tell me in the comments: what mistake did you make and what did you learn?

See you at the next event, or the next story. Because every classic car has a soul… and every owner has a story to tell.