CEO CORNER

JAN 2019

JAN 2019

Due to huge successful sales in May, this week we are offering 90 DAY FREE CONSIGNMENT
No Consignment Fees at our 18 showrooms to help rebuild our inventory.
We have BUYERS for your high quality classic or exotic car. DO YOU HAVE ONE FOR SALE?
Please call us at (866) 383-1416 or chat with us now. This is a limited time offer - call us today!

We want to thank our patrons for continuing to do business with us during this period. Even though our showrooms are not open to public – yet, we continue to consign and sell classic and exotic cars and trucks. Please contact us via e-mail, chat or phone call if you wish to purchase a classic.

CEO Corner

CEO’s Corner:

Owning a classic car or truck is like owning your own unique piece of history with your fondest memories attached.

Millions of people around the world enjoy the thrill of owning a classic car or even building a collection. For many of us, the nostalgia of owning a classic takes us back to the good old days. From the memories of sitting on a wide bench seat as toddlers to the hot August nights of cruising the strip in our teenage years.

Many of our customers have a fond memory of a friend or relative that they share with us while searching for their dream car-

The memory of Grandpa driving us around in his 1950 Ford ¾ ton farm truck, bouncing over rutted out farm roads after summer rains.

The memories of that 1965 Ford Galaxie convertible- When we’d make a special trip to the ice cream parlor on a hot summer night. Mom and dad in the front bench seat and my three brothers and I in the back seat. We talked excitedly about what flavor we were going to devour when we got to this funky place called Punch Cool Ice Cream Parlor.

The awe of my dad buying his first muscle car, a 1970 Fastback Mustang and then racing it against his brother-in-law’s 1969 Camaro at the local drag strip.

Going on a date to the drive-in movie theater with my first love- a 1972 Chevy Nova with more rust than paint, but she was all I could afford!

Gawking at the 1979 Smokey and the Bandit Trans Am, wishing I could afford it with my minimum wages of $2.65/hr. working as a bus boy in a restaurant.

The memories with these cars bring so much joy and a genuine smile to so many of us.

We at Gateway Classic Cars are committed to helping our customers find those dream cars that help take them back to “The Good ol’ Days.” We take pride in helping our customers find that perfect time machine to help them relive those fond memories today, in the 21st century.

You can still go to the local ice cream hang out with your beautifully restored 1965 Mustang Convertible.

Or take that Restomod 1970 Chevelle to a local Cruise.

Or drive around in a ‘34 Ford Streetrod playing ZZ-Top loud enough for the next car stopped at the light to hear your music, see your car and be envious of your toy.

What memories flood back to you when you slide into that beautiful vintage vinyl interior? Your childhood? Your adolescent years? Your honeymoon?

While you may already be dreaming of owning a classic, there are several important factors to consider.

Owning a classic car is like owning a historic home- they are beautiful and command attention and respect, but like that turn-of-the-century Victorian home, classic cars have their own ownership quirks that you should be aware of, especially if you are a first-time buyer.

Making educated decisions now will not only enhance your buying experience but will add to your long-term enjoyment of owning a classic car. The better informed you are about your dream car, the better your purchase experience will be.

In nearly 20 years of helping to connect people with their dream automobiles, I’ve seen nearly everything there is to see in this business. I’m happy to share my experiences with you to help you maximize the joy of classic car ownership. From my own personal experience, here is my advice to you- the Do's and Don'ts of owning a classic car:

As I mentioned above, Classic Cars are like older homes and require more upkeep than modern ones. Unless you are an advanced automotive restorer or a master mechanic, you’ll be ahead financially by purchasing a classic that has already been restored to a high level. Alternatively, if collecting is your passion, you may be seeking a car in excellent original condition.

This article is for those who want to own a classic car for the simple pleasure of owning and enjoying the car- not restoring it.

There is a totally different group of classic car enthusiasts who love restoring cars. These guys Eat, Sleep, and Breathe 103 octane race fuel and NOS parts. You, on the other hand, would like to own, drive and show off one these beautiful time machines, without the bruised knuckles, greasy fingernails and headaches associated with a full restoration.

Buying one restored will put you several thousand $$$ ahead and help avoid frustration over the years. Having said that, I also want to point out that there is no such thing as a completely restored car. I have never seen a car with every flaw or imperfection removed in the restoration. Nevertheless, substantially restored cars will give you the best opportunity to enjoy them while performing simple routine maintenance with a minimum amount of down time.

Furthermore, there is no such thing as a “perfect” classic car. Flaws are inherent in any man-made machine, and cars costing upwards of $1 million (or more) are no different. That's the nature of a classic, and part of what makes each vehicle as unique as the people who own them.

It is important to note that even the highest-level restoration will still require routine maintenance and will not be as reliable as a modern era computer-controlled vehicle. These vintage classic cars and trucks were built in a time and era when machines were simply not as advanced as they are today. They required additional maintenance when new, and they were more prone to mechanical failure than the cars and trucks of today.

For example; I watched a $3.5 Million Duesenberg break down while being brought to the auction floor. The radiator hose sprung a leak. Not an expensive or complex repair, and certainly not a surprise on an 80+ year old car. It was simply taken back and brought out the next day with the problem fixed (and sold for $3+ Million).

Buying a well restored car and taking good care of it will be the key to your happiness and help you enjoy your investment. It will also help ensure that your car retains its value into the future.

Let’s start off with the “Don’ts” and get those out of the way:

1. Don’t buy a classic car or truck to take to work every day, run your errands in, and to be your primary driver. Unless you live 5-miles or less from work and the sun shines every day in your state, while the temps never reach into the 90s or fall below 60F, ALL within a dry climate, it is not a good idea to rely on a classic car as your primary source of transportation.

2. Don’t take old cars on long distance trips unless you know the car inside and out, are mechanically inclined, have a tool box full of necessary tools, and don’t mind being stranded miles from the next human population. Parts for classic cars are readily available online, but not so readily available in your local auto parts store. You can order just about any part online today and it will arrive in a few days. No problem if your car is in your garage or at your mechanic’s shop. However, on a long road trip, you may be stuck in a budget hotel watching re-runs on a local TV station for the next few days. A malfunction 10-miles from home is far less stressful and costly than your classic breaking down 400-miles from home.

3. Unless you’re buying a classic within 50 miles of your home, please don’t buy a classic car and then drive off into the sunset for the same reasons I stated above- We highly recommend getting the car shipped to your destination, avoiding the risks of driving the car the first time and not yet being familiar with its mechanical and driving capabilities.

Enough of the Don'ts for now- Let's talk about the things you should strongly consider before owning a classic!

1. Know your budget. Classic cars can be bought with cash or can be financed. Know what you can afford if you want to finance. Unlike new cars that decrease in value as you drive off the lot, classic cars are expected to hold their value well into the future. Some will even rise in value over the years to give you a sizeable return on your investment while enjoying the pleasure of ownership.

We at GCC can help you in determining the best financial options and have several financing sources. We can get you pre-approved in a matter of minutes and take care of all the paperwork while you get to know your new dream car.

2. Know the car's make and model you want, and educate yourself on the strengths, weaknesses and usefulness of that model. For example, a 1965 Cobra Replica has no top or windows. It’s best for short local drives on a nice sunny day. This car cannot be locked or secured, which makes these beautiful roadsters an unfortunate choice for a long-distance getaway. Educating yourself about the car is the best way to maximize your enjoyment.

3. Work the budget in such a way that provides you with the best quality car for your money. Meaning buy the most mechanically sound restored vehicle your budget allows- Mechanical condition should be your top priority after choosing your favorite year, make, and model.

4. Know the value of your car - Classic cars and trucks have a wide range of values. The largest single factor is the current condition of the car. The most recent and best restoration will bring the highest value. Rarity, demand and options on the car will make a significant difference in its value as well. A 1970 Plymouth Road Runner with a 318 engine may be worth $25,000 with a 5 to 7 year-old restoration. It's nearest cousin, a Plymouth Superbird with a 426 Hemi engine with fresh restoration and low documented original miles could be worth $750,000 in today's market- Knowledge is power!

5. Buy only from a private seller if you are mechanically savvy and can fully inspect the car and can understand where the flaws are. We recommend viewing any car in person before making a purchase. Ask for independent inspection wherever possible- An experienced inspector can be very helpful, as is buying from a dealer with years of experience and a good reputation.

The majority of classic and collector cars are offered for sale by dealers on a national and global basis. We at Gateway Classic Cars sell and ship 90% of our cars to long-distance buyers. Of those cars, over ten percent find their new homes overseas. We will gladly help you import your next classic if you are an overseas customer. Our Customs and Clearing Agent partners can make importing a car as easy as buying domestically.

6. Use a trusted transportation company that will protect your car during transit and get it to you safely. Paying a bit extra for a quality carrier is a wise move (this is not a wise place to try to save a few dollars).

7. Insurance is very affordable on these cars. Assuming you drive for pleasure, the cost to insure is just a few hundred dollars per year. Get full coverage insurance from a trusted classic car insurer.

8. Register your car when it gets to you. Driving unregistered cars is not legal.

9. Pay your taxes on time. No one likes paying taxes. However, paying your taxes will keep you on the right side of the law.

10. When you first get your classic, have the oil changed right away. Most classics are not driven regularly. A fresh oil change ensures you are not driving on 2-year old oil. Change the oil every year-even if you have only driven the car a few hundred miles the summer before- this critical step ensures that contaminants and moisture trapped in old oil aren’t negatively impacting the life of your engine. Additionally, always put a liner or drip pan underneath your car. Old cars are notorious for oil drips, even the ones that are freshly restored.

What are you waiting for, let’s drive this beauty!

Take it easy on your first few drives and get to know the car. Don’t abuse your new classic! Many freshly restored cars have engines that are not broken in yet (remember breaking in your engine from days past?) Hot rodding can seriously damage a rare and potentially expensive powerplant.

These classics don’t handle like todays vehicles! Carving corners in your classic will quickly make you realize that these cars were not built like the cars of today. You don’t want to end up in a ditch on your first ride. Old cars are not equipped with the safety features of modern vehicles- Forget traction control- seat belts didn’t show up until the mid 1970’s! Front air bags? Not a chance!

Go for nice drives for the summer and enjoy your machine. Take your spouse and your family to a winery, a cruise-in, or that ice cream parlor where you saw all those classics last Friday night. Join a classic car club. Clubs are active in the community and do a lot of fun events. This is a great way to meet other car enthusiasts like yourself.

We want you to enjoy your classic car experience for many years to come. Should you ever decide you’d like to trade up to a different model, or are looking into adding another classic to your collection, we would love to talk to you.

Throughout our 20 years in business we have developed friendships and bonds with many of our customers. These relationships allow us to serve those same customers when they decide to upgrade or add to their collection. It is always a compliment to hear from a customer from Australia that he is buying his 11th car from us and adding to his collection.

Nothing makes me happier than seeing a familiar face from years past pop into one of our showrooms to show off his classic. The most recent example is that of a customer and his 1947 Chevy truck- The one he bought from us 18 years ago and has been making his own memories in since driving it home from our very first showroom!

Other News:

As Fats Domino sings the song: Kansas City, here I come: https://www.youtube.com/watch?v=mypHZmXdU3o, we are preparing to open our 18th showroom in January in the Kansas City market in Olathe, KS! This showroom, like our other 17 showrooms, will feature some of the finest classic and exotic automobiles from the area. Plans are to house about 125-privately owned classics and exotics and market them to our expanding global audience.

For more information, please contact our marketing team at: marketing@gatewayclassiccars.com or in early 2019 when we open our doors at: Gateway Classic Cars of Kansas City Address: Phone numbers FB:

20-Year Celebration

Gateway Classic Cars, first opened its doors on February 8th, 1999. In 2019, we celebrate our 20th anniversary. Our first 20 years has taken us from our humble beginnings in an old department store outside of downtown St. Louis to 18 markets nationwide. As of this writing, GCC features nearly 3,000 classics and exotics valued at over $80-Million in our inventory across the country. As we celebrate this milestone and our journey forward, we want to thank all of our friends and patrons who continue to support us by buying and selling these timeless classics and exotics over the years. We hope to share our journey with you too. We would love nothing more than to help you begin making your own classic memories over the next 20 years.

Our vehicles are published on several websites including ~ Autotrader Classics ~ Hemmings ~ ClassicCars ~ Carsforsale ~ AllCollectorCars ~ eBay ~ Facebook ~ YouTube

© Copyright 2020, Gateway Classic Cars | All Rights Reserved

Gateway Classic Cars
1237 Central Park Dr. O'Fallon, IL. 62269 | 618.271.3000 | 800.231.3616

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