Deciding Whether to Sell or Keep a Classic Car

Deciding Whether to Sell or Keep a Classic Car

Posted by Anderson Restoration Parts on 15th Dec 2023

Deciding whether to keep or sell certain items is a common choice we face in our lives, and one great example for many people is a classic car. You might be on the fence about selling or keeping a classic vehicle for a few different reasons, and there may be some distinct factors to consider if you're unsure how to arrive at a final decision.

At Andersen Restoration Parts, we're here to provide a variety of classic car restoration parts for any need, including suspension kits, sway bar link and bushing sets, and many other options. Here are some of the key variables to consider if you're unsure whether to keep your classic car or sell it and move on.

Your Life Situation

Naturally, one of the first things to consider when thinking about keeping or selling a classic car is your personal life situation. Are you in need of extra cash for important expenses, or are you financially stable and able to keep the vehicle as a passion project? If your financial situation has changed since acquiring the car, it may be worth reevaluating whether it's feasible to continue owning and maintaining it.

On the other hand, if you have the means and resources to keep the car, it may be worth holding onto as a valuable asset or source of joy in your life. You might also consider whether you have the time and energy to invest in restoring or maintaining the car, as this could factor into your decision as well.

Is it a True Classic?

Whether you're considering selling the car for profit, keeping it for personal enjoyment, or even passing it down as a family heirloom, you should consider whether the car is truly a classic. While this may seem obvious, some cars are considered classics by some and not by others.

Factors such as rarity, historical significance, and overall demand can all impact the value of a classic car. Do your research on the specific make and model of your car to determine its true value and significance in the classic car community. This can help guide your decision on whether to keep or sell the vehicle.

Maintenance and Restoration Costs

Another important factor to consider is the cost of maintaining or restoring the classic car. Depending on its condition, a vintage vehicle may require significant work and investment to keep it running smoothly and maintain its value.

Before making a decision, it's important to assess the overall condition of the car and any potential repairs or maintenance that may be needed in the future. If these costs are too high for your budget or resources, selling the car may be the more practical choice. However, if you have a passion for classic cars and are willing to invest in their upkeep, keeping the vehicle may bring you great joy and satisfaction.

Sentimental Value

One of the most important factors to consider when deciding whether to keep or sell a classic car is its sentimental value. For many people, these iconic vehicles hold special memories and emotions that make them difficult to part with. If your attachment to the car goes beyond monetary value and holds sentimental value, it may be worth keeping as a treasured possession.


Of course, practicality should also play a role in your decision. If the classic car is purely for personal enjoyment and does not serve as your primary mode of transportation, you may have more leeway in deciding whether to keep or sell it. However, if the vehicle is constantly causing inconvenience or financial strain, it may be time to consider parting ways with it.

Do You Enjoy Ownership?

Finally, maybe the single most personal aspect of this decision is whether you truly enjoy owning and maintaining a classic car. If it brings you happiness and fulfillment, then that alone can be reason enough to keep it in your possession. After all, life is all about finding joy in the things we do and surrounding ourselves with items that bring us happiness.

At Andersen Restoration Parts, we understand the love and passion for classic cars and are dedicated to helping you keep these iconic vehicles on the road. Whether you ultimately decide to keep or sell your classic car, we hope that our restoration parts can help make the process smoother and more enjoyable for you. Keep the passion alive, and happy restoring!