How to get the near perfect classic car valuation?
If you are trying to look for the value in the worth of a car, you will know a lot more about it after reading this article. Point it, you might know that the Oldsmobile Cutlass is one good looking car, but can you call a price just by seeing something? The point is that the price of a car is going up so don’t get frustrated.
Since 18 months ago, the prices have still been going up even though people knew about the bubble on the economy. If you have no money on the table, how can you know about the source that it comes from? The thing about the MLS is that you get a housing estimate from all things that bring you to the profit. Some realtors are still not as honest as others, so recovering from losses is strange to those who make money.
For the right price, what you will have to do is look at different data points that give you a ballpark figure. A lot of people have used NADA guidelines before and some use Manheim-Gold and Hemmings. You might get a shock through your body when you find out the prices. The 1967 Pontiac GTO convertible was a prime example since the parts were original and swagged out for up to 99K!
Here are some pointers about how to estimate classic car values:
- Know your market
1. Get market value from dealer sources
Classic cars are funny in the way that they go up and down like a coaster ride. To research this market is a smart move since the professional deals are telling you about how much value a car can have. Sometimes, the price of a dealer is 10-20% over what it should be, so knowing the determinants of a price can usually get you a sense of what isn’t covered by the dealer. The dealer market values should still be sought.
2. What is the condition like?
This is also a big thing to look at because the five rating system is what people look for.
Excellent: A car in perfect condition and drivable.
Very Good: Some cosmetic damage and a sputter here and there, but still in the game strong.
Good: a car that can run, but overall has the right things going before a checkup.
Fair: needs a lot of repairs and is probably attaching the hood to a hanger.
Parts car: a car that is simply able to keep people knowing about the parts being sold
Excellent condition cars can be sold at twice its value, while good and fair condition will usually even out into just one price range.
3. You gotta pimp that ride and customize, but the value will drop
If you dare put stuff like a fuel-efficient engine, soft seats, and an A/C unit in a classic car, yuo might not like what happens to the value as it drops. It may look great, but the original parts are hard to find and that is why the paint and wheels need to be kept. Big money on the table if you keep it all original.
4. How rare is that car?
Would you rather have a Dodge charge or a Charger with a Hemi engine? A charger with a Hemi engine has limited numbers, so if you have one that you want to chaneg the engine in, that will work.
5. Get original options for your ride
If you have original turbo or supercharged parts for your muscle car that will increase the value by a lot. When the ‘61 bullet t-bird came out it was used as a pace car for the Indy 500, and it still has the era mods that give the price a boost. When you are buying or selling a car you gotta remember the originality and rarity of it. Putting it side by side with dealer values market wise and adjusting is smart.