You have just spent thousands of hours and countless nights and weekends creating your labor of love, a classic car. One of the most important things you do once you acquire or finish restoring a classic car is to get an appraisal. Let me offer you the most important reasons for getting a classic car appraisal:
If you have a house fire, or fire in your garage, your insurance company will not pay replacement value. Also in the event of an accident, the insurance company will not pay replacement value. Having an appraisal will establish a recognized value for your car. With such an appraisal, it is much easier to obtain insurance or settle a claim.
In the unlucky event of your demise, your children or heirs will have a statement as to your cars worth. This will assist them in settling and liquidating your estate.
Selling Your Classic Car
An appraisal by a qualified individual is always a good thing to have when selling your classic car. Your potential seller can contact your appraiser to verify your claims. An appraisal will help set your buyers mind at ease and expedite the sales process.
Obtaining A Loan
There may be times when you will need to use collateral for another purchase, maybe another car. You can use your written car appraisal to help you get a loan.
Buying A Classic Car
There is nothing worse than the realization you just got ripped off by a dishonest seller. Before you purchase a vehicle, an appraisal can help keep you from paying too much, and, uncover any unseen or undisclosed defects present in the car or truck.
An appraisal will normally consist of an evaluation of the cars exterior, interior, mechanics and accessories. The appraiser will factor in data from various classic car guides, auction results and retail and wholesale sales of similar model cars. By taking this extra step in getting an appraisal for your classic car, you are saving yourself from a lot of headaches in the future and keeping the fun in classic car ownership.
The saying “they just don’t make them like they use to” certainly applies to the automobile industry. I for one am a big fan and owner of classic cars. Some of my favorite classic cars include the Camaro, Shelby, Corvette, Thunderbird and just about any muscle car. There are a few automakers like Ford and Chevrolet that are trying to mimic that vintage look. But when it comes down to it there just isn’t anything like the original.
At the outset of my article I talked about how I’m an owner of classic cars. In fact I currently own a Shelby and in the past I owned two Corvettes. Now the amazing thing about my ownership of these classic sports cars is the fact that I paid way less than what they were valued at. These cars were not in bad condition either. I did make some modifications but the cars did not need them. They were already in great running condition.
Here’s the million dollar question… How in the world was I able to get those cars way under value and in perfect condition? The answer is by auctions. The government auctioned them off to me in a liquidation. All I had to do was travel 40 miles from where I live to go to the auction location, submit my auction and take it home. The bid I submitted was so low that I actually never expected to win. Turns out I did win and the cars I have owned I have sold and made profits on them.
Now if you are looking to own a classic car but don’t know how to afford them don’t let this opportunity pass you by. The government liquidates their stock of cars, including classic cars, all year long. And they do this nationally. Every state has its own auction program. So if you are really interested in getting classic cars this is the most affordable route I would recommend.
Many people truly appreciate the beauty and historical value of a classic car, but it usually takes a lot to maintain. One of the major problems involves finding the right classic car parts.
As classic cars are no longer being manufactured, it is obvious very difficult to find their parts. When a car owner does find a part, it may not always be appropriate for their cars or may come at a very expensive price. Even if they do manage to buy the right piece, they have to exert even more effort to look for people who actually know how to install the parts.
Having talked about all the difficulties, this article is about to show you some great tips for locating the right parts for your classic car:
Look for a Special Mechanic
Believe it or not, there are mechanics and repair shops that specialize only in classic cars. If you are serious about maintaining your car, then you should take the time to locate these shops. Some of the more advanced shops are already on the internet so you can easily look them up and compare them with one another before picking one. Sometimes though, classic car repair shops may not be found near your area.
Look for Parts Online
You are able to find classic car parts online, if you are a fairly good mechanic yourself and would simply like to look for the right parts to install. Some merchants may put up parts for sale on public ad pages, auctions, car club websites and personal websites.
Be careful though. It is important that you should have more than average knowledge about what you are looking for exactly. You should also have some experience at online shopping. The online world is notorious for having just as many bad merchants as there are good ones. You could easily get tricked or ripped off.
Join Classic Car Forums and Groups
Before you buy just any classic car parts, make sure you ask for the opinions of some car enthusiasts. You can find many of them in online forums and groups. Some of them may even have their very own informational website or blog. Why not sign-up with these helpful forums and sites? Many of its members can offer you the right tips on just any car topics and may even be able to point you to the right mechanics you should be seeing.