Most, if not all people would love to own a classic car. The Classic Car Club of America states that for a car to be considered a classic, it must be between 20 to 40 years old. Anything over 45 years is considered an antique. If you have been in the market for some time, but were not sure how to properly value one, please keep reading and just maybe you will find the following information useful.
If and when you first starting looking for an automobile of this kind you really have two options that are available to you. First, you can purchase a fully restored car. Second, you can get one that needs to have some work done to it to get it looking as nice as you would like it to.
Of course, unless you are good with your hands, or know of a shop that can fully repair a car of this kind, it will be much easier and less worrisome to buy one that looks like it just rolled off the showroom floor. In order to accomplish this while getting a good deal on the car, all you will need to do is a little research.
The first thing you should do is to find out what the car you are considering purchasing is presently selling for. You need to know the make, model, year, rather it has all original parts or not, and be able to accurately approximate its present condition. Next, you should check out the internet for the websites that specialize in providing the estimated value of the car you are considering obtaining. If the numbers work for you, then this is defiantly the easiest and safest way to drive away with the car of your dreams.
The next avenue you can attempt to pursue when you are looking for a classic car; is to buy one that needs a great deal of work done to it in order to have it look like it is showroom new. This really is not as difficult as it seems, even for somebody that knows nothing about cars.
Before you start this process though, it is recommended that you find a shop that specializes in rebuilding classic cars. Once that is done, you can start looking around for your new ride. The sales price to purchase one of these types of cars, is usually nothing compared to the work and cost required to get it fully restored.
After you find a few that you are interested in, please be sure to take detailed pictures and videos of the car so that the shop you will be using can review them thoroughly. If you do your job, and get great shots of the car, they should be able to provide you a very accurate estimate.
You are almost done now; simply add up the purchase price and the restoration estimate to get your total cost. Next, use the same types of websites we mentioned above to find out what a car like this is presently selling for. Once again, if your figures come out in your favor, you will soon be driving a new stunning classic car.
Source: http://www.adcommunications.org/how-to-value-a-classic-car.html
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