Should I buy a classic car?

Hi so i'm planing to buy a sexy 1969 Ford Mustang but I live in toronto canada i'm just concerned if its a bad investment since there are some bad winters and might do something to the car, as well does this car have okay mpg?

Prefer to buy it ; If you like to buy

Many people who own classic cars maintain them by keeping them well looked after in a decent closed garage and only drive them on suitable days - regardless of where they live

so, if you are intending to buy a restored or otherwise pristine mustang at a market price the car will only keep its value if you do similar

otherwise, if youre intending to use it as a daily driver - you simply can't expect it to keep its value - therefore its not an investment

you can expect to need to do regular maintenance, need to source spare parts and much more and at the same time be happy to consider it like any normal vehicle that depreciates

either option works BUT you can't expect a classic car to not lose value if you actually use it

It's a terrible idea. It will be terrible in the winter and too unreliable for daily driving.

Back in those days, car makers didn't put much time and effort toward improving fuel mileage since gas was only about 30 cents a gallon.

The mileage YOU get will depend on a lot of things. Those cars were available with V8's or 6 cylinder engines, and equipped with breaker-point ignitions, which let a lot of unburned fuel mixture go out the exhaust.

An old 'Stang won't be cheap if it's in good shape either. It will require more frequent tuning and other maintenance to keep it running real good.

I own a '63 Falcon, which is the same as the early Mustang, only the body is shaped different.