How to Make Money From Your Classic Car

Updated on April 4, 2018
Blond Logic profile image

Mary shares experiences from 20 years in the auto industry selling classic cars internationally with her husband.

Do You Own a Classic Car?

How to make money with a classic car
How to make money with a classic car | Source

Do you own a classic car? Your first reaction may be a proud yes.

Classic car owners love to talk about their cars and the history surrounding them. They can tell you what they are currently being sold for and how lucky they are to have them. However, do you enjoy it as much as you thought you would? Perhaps you find the car is just sitting in your garage doing nothing but costing you money.

If this is the case, let's look at some of the ways you can make it work for you and regain a pride of place in your heart and at the same time put some money in your wallet to offset the cost of owning one.

Before beginning check with your insurance company to see if you need to change your policy.

Movie Companies

Wedding Cars-Rolls Royce
Wedding Cars-Rolls Royce | Source

Rent Out to Film Production Companies

Contact movie and film companies. If they are making films from the era of your car, and yours is original looking, they may be interested in using it. They may opted to rent it by the day, week or month, depending on their time schedule.

If you are observant, often you will see the same car being used time and time again in different films. The company will like those owners who are accommodating and don't cause them problems.

You may find that working through an agency will ensure your car is offered to a variety of different clients.

Wedding or Prom Hire

Wedding Car Hire
Wedding Car Hire | Source

Have you considered renting your car out as a wedding vehicle? There are many people who opt not to have a limousine but want something a bit different. This could include picking up the bridal party with you driving or renting this out to them. There is good money to be made from this type of venture. There are always people getting married.

This is the same for proms. Many schools have proms at different times of the year, one normally in spring and a Christmas one as well.

Weekend Hire

VW Surf Van
VW Surf Van | Source

Classic Car Rentals

Is yours a vehicle that you could rent out for a week or a weekend? Perhaps you have a VW campervan. Many families or couples want something different, or even retro to get away in.

This makes an ideal vacation for a small family.

I know of a woman who has done just this. Although her VW bus wasn't original, it was brightly painted and had a pleasant mixture of both mod cons, and traditional décor in a 'hippy van'. Perfect for a beach/ surf vacation.

Marketing with Custom Vinyl Graphics

What line of work are you in? If you are in sales, a car makes an ideal mobile billboard. Using removable transfers on your car will get people's attention.

People often see ads on taxis, buses and other common vehicles but less so on a classic vehicle. If you drive your car and park in public places, you are a good candidate to offer advertising space. For example, a VW van would be ideal to place advertisements for a surf shop on the side.

You can either make the custom vinyl graphics yourself or let someone else pay you a monthly fee to advertise on your car.

School Events

Many people will never have the opportunity to ride in a classic car. You could offer rides at school and community events. Obviously you would have to either split what you make with the promoters or pay them a flat fee to be there.

Many community groups are always looking for something different to include in their annual events.

Photo Shoots

A Colorful Fun Car
A Colorful Fun Car | Source

Allow your car to be in photographic shots. These could be with people in them or simply as a prop in the background.

Also some people want to enhance their photographic skills. Contact professional photographers and let them know what you have and that it can be hired for their uses.

Questions & Answers

    © 2013 Mary Wickison


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      • Blond Logic profile imageAUTHOR

        Mary Wickison 

        2 weeks ago from Brazil

        Hi Lorna,

        Check out what others are already charging and set your prices in line with those. Remember to check with your insurance company and also contact your Department of Motor Vehicles to see if you need to change your license.

      • profile image

        Lorna Knitter 

        2 weeks ago

        I appreciate the ideas. How do you know what to charge? I could see driving a bridal couple from their wedding to the reception, using the car as a photo prop. But I don't know how to charge for it. Thoughts?

      • Blond Logic profile imageAUTHOR

        Mary Wickison 

        7 weeks ago from Brazil

        Hi Graham,

        That sounds like a great idea. The first thing you should do is contact your insurance company and explain what you want to do, and how much the insurance will cost.

        That should be done before you advertise it for hire.

      • profile image

        Graham long 

        7 weeks ago

        I own a classic 1971 Vw bus and would like to hire it out I live in ft lauderdale

      • Blond Logic profile imageAUTHOR

        Mary Wickison 

        7 months ago from Brazil

        Hi Austen,

        You will have to become an entrepreneur and begin advertising what you can do. Approach wedding planners and place ads where they will be seen by couples planning to get married.

        For the decals, approach local businesses and see if they see the appeal of putting their marketing on your car. You will need to have your car out and about, as I said in the article, no one will pay to have decals on a car that sits in a garage.

        If you're interested in it being used in films, tv etc, take a look at Auto Trader in the classified section. This is very dependent on where you live as you need to be near a place where filming is going on such as Southern California.

        Like any self-employed person, making a business out of something means you have to hustle.

      • profile image

        Austin Waters 

        7 months ago

        A great topic. I do own a classic car. What some companies that do these type business

      • GmaGoldie profile image

        Kelly Kline Burnett 

        4 years ago from Madison, Wisconsin

        Blond Logic,

        What a fun and inventive hub! So many people keep possessions and don't engage them - delightful way to share the joy!

      • Blond Logic profile imageAUTHOR

        Mary Wickison 

        5 years ago from Brazil

        Many owners are very protective of their babies.

        At least in the Florida sunshine I am sure your get ample opportunity to enjoy it.

        Wonderful to hear from you.

      • teaches12345 profile image

        Dianna Mendez 

        5 years ago

        My hubby owns a classic car but I don't see him lending it out or even for hire. Even so, this is a great idea and I'm sure many readers will profit from the suggestions.

      • Blond Logic profile imageAUTHOR

        Mary Wickison 

        5 years ago from Brazil

        Hello Bill,

        Thank you for your kind wishes. My ex and I used to buy and sell classic cars so there was always something unusual up the drive.

        Some can turn into a money pit if you aren't careful.

        Wonderful to hear from you.

      • billybuc profile image

        Bill Holland 

        5 years ago from Olympia, WA

        What an interesting topic; a first on HP for me. :) I don't have one; I just stopped by to wish you well and say hello.

        blessings always



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