Classic Car Value
Instead of paying for a professional appraisal, you can do the work and conduct a car valuation assessment based on guides and an online car valuation tool. A quick search and you'll have an idea of how much a particular classic is going on the market.
Manufacturer, Make And Age
A classic automobile's value will also depend on the age, make and manufacturer model.
Some of the classics that can command a higher price tag include Ford, Dodge, Chevrolet, Porsche, Jaguar, Ferrari, Pontiac, Bugatti, Maserati, Aston Martin and Rolls Royce.
Age is a defining factor that can dictate how high a classic can go. A rule of thumb is that the older the car the higher value it commands over time. Older models will certainly be more expensive than a newer automobile of the same model.
Classic Car Authenticity
Interested buyers and collectors can check a classic's authenticity by checking the casting number, date codes, RPO codes, VIN or transmission and rear tags. A vintage vehicle that still has its original equipment and is under a fair conditions will command a higher value than one that has some parts replaced, including the pedal rubbers, carpet, seats and interior.
Collectors tend to value authenticity above all else, so this factor dictates just how high a classic car can fetch in the open market.
Classic Car Pricing By Mileage
Mileage may be a minor factor when compared to authenticity and original equipment but it's still a worthy consideration.
It's one of the easiest factors to compute. A Chevrolet Corvair that has close to 100,000 miles will be valued less than a similar model that shows 50,000 mileage. The more mileage beyond what's normally allowed will certainly reduce value by a significant amount.
Interestingly enough, a rare, sought-after classic will have its valuation shoot up if the mileage is way below normal road usage.
Classic Car Pricing By Condition
For some classic car enthusiasts, condition is the ultimate scale when valuing a particular model. Each vintage is unique as it's maintained, replaced or driven differently by its owners.
Gauging a car's value based on condition is pretty straightforward. A classic that's kept in great working condition will have the price advantage over a similar car that's used day-to-day and needs some work done. Buyers tend to favor well-maintained vehicles they can use right away instead of getting a lower-priced classic that needs considerable time and cash in order to become road or show worthy.
It's important to thoroughly inspect the classic's interior and exterior to get a feel for the car's condition and other details. Don't be swayed by emotions and act upon the five key points to get an accurate estimate for a classic car's value.
Image source: @_badass_carz