Lacquer paint was really popular from the early 1920 thru the 1960s. It is a relatively easy paint to work with and leaves an incredible shine when laid down correctly.

Increase in Market Value: A Smart Investment Beyond aesthetics, painting an old car can significantly increase its market value. A vehicle in "excellent" condition typically has more value than one that's in "fair" condition. A major part of this valuation is determined by the exterior condition, including paintwork.

While you could redo a faded paint job or restore damaged parts, you'll probably want to remain as true as possible to the original look, options and color of the car. However, if you have no aspirations for competitions and simply own a classic car for pleasure, restoring a classic car is entirely up to you.

If the vehicle you're considering repainting is a collectible classic in good condition, changing its color might negatively affect the value — or you could fail to make the repainting costs back when you sell the car.