Does Painting a Classic Car Decrease its Value?
When restoring a classic car, maintaining and improving the value of the vehicle should always be considered with every detail that you change, if you ever hope to resell it. A concern for many people who are restoring an old vehicle is whether or not painting a classic car decreases its value. We, at Vintage Rod Shop, have restored many vehicles and we know when to and when not to repaint a vehicle for the sake of its value.
Adding Value by Repainting a Classic Car
In many cases, repainting a classic car will not affect its resale value and, in some cases, it will even improve it. The colour that the car is being painted will have a massive impact on the car’s value, though. With most classic cars, there are some colours that are more desirable than others. Make sure that you research the colours that add the most value to your specific classic car before deciding on a paint colour.
When Does Repainting a Classic Car Decrease its Value?
If a classic car has been kept in great condition and it has no rust spots, chips, sun damage, or other issues, changing the paint from its original colour can reduce the car’s value. Classic cars often have a basic value that depends on the colour that it was when it came from the factory, and many collectors and aficionados look for these cars by colour.
Custom Paint vs. Restored Paint for a Classic Car
If you are looking to paint a classic car, it is usually better for the value of the vehicle to go with a colour that restores the look of the car rather than one that customizes and modernizes it. A custom paint job can give a car a unique personality, but it can also make it harder to sell. A paint restoration can bring the car back to its original glory and resonate with collectors. In most situations, restored vehicles sell for more than customized vehicles. If you have your heart set on a specific colour, cars can always be repainted to a more universally desirable colour when the time comes to sell.
If you would like to find out more information on whether or not painting a car decreases its value, or if you would like to learn more about our services and work, please contact us at 604-538-8842.