If you are new to diecast model car collecting, you probably have a taste of how exciting a new hobby can be.
The thrill of holding your fist die cast car cannot be explained. However, the goal is to keep making the right decisions when it comes to purchasing model cars. This will be central to the entire experience and how much you can make from the hobby.
Here is how to find car models in Canada.
Pick Some Favorites
There are numerous types of cars you could choose from. When starting, it helps to narrow down your preferences to a few choices.
This will minimize the feeling of overwhelming. Similarly, starting small will give you time to learn as much as possible about your top picks. Without an idea of what to look out for, you risk purchasing fakes, which will cost you money but not make you any cash in return.
Shop from Reputable Dealers
Unfortunately, the diecast car market has been infiltrated by scam artists. While this makes it slightly harder to find genuine pieces, it’s not entirely impossible.
An excellent way to know you are getting the real thing is by shopping from a reputable dealer.
They often have years of experience in the business, meaning they know where to source for and stock genuine cars.
Secondly, genuine dealers have good online reviews from past and existing customers.
Time the Market
You want to buy at the lowest price and sell at the highest profit in the future. Die-cast cars are at their cheapest after they are released. Manufacturers do this in runs. This means that a certain batch is released into the market at a particular time all at once.
A couple of weeks or months later, it is phased out, and a new one is released. The best time to buy is soon after the release. The supply is good enough, meaning the price is not too high. Once it’s phased out, it becomes rare to find. As this happens, so does the escalation in price.
Aside from where to buy and what to buy, how to buy is also an important consideration.
If you are new to this, it’s best advised to start slow.
Make a few solid choices as you are starting out and learning the ropes of being a successful diecast car collector.
Begin with the more popular 1:64. These are not as expensive as larger ones. As they get larger, so does the price tag. Once you have a decent collection of these and have gained confidence in collecting, you can try more intricate, limited edition pieces.
These tend to cost significantly more. You should therefore invest in them once you have gained a sound understanding of die-cast car collecting.