Sunday, April 7, 2013
How To Procure A Classic Car
There are many things to take into account when shopping for a classic car, but you should always keep one eye on the facts. Are you sure the car you're about to buy is worth the figure the owner is quoting? You may find more honest sellers than dishonest ones in your travels, but you should get all the information you need no matter what the situation. Ask these five questions about any classic car you're considering.
Is the seller the original owner? Depending on the age of the car in question, you might find yourself lucky enough to purchase a classic from its original owner. If so, you'll have access to the majority of paperwork and be able to track the life of the car through a paper trail. When a car changes hands several times, you'll find yourself unable to answer many questions.
Can a seller produce the entire service history of the car? Whether or not the vehicle was owned by a single person, the paperwork may have changed hands and still be available for review. By getting service reports from every year, you can check and make sure the miles match what the speedometer reads. Without this information, you'll be left wondering.
Was the car salvaged? Salvaged cars should not have negative connotations if you love the appearance and operation of a vehicle. However, the fact a classic car is salvaged means it decreases in value - almost by half - when compared to an original. Knowing the ballpark value of cars that interest you can help a lot when negotiating for salvaged cars. You'll be able to tell whether a fair price is being quoted. Look into insurance for the classic before you buy too.
Can you review the car's accident history? Accident histories first and foremost give you an idea how the owner has cared for the car. Even if the work is undetectable, this information is important. Quality restorations will not diminish the value of a classic car by much.
Why are you selling? In the case of classic car dealers, there is certainly only 1 answer to this question. However, when it comes to private owners, you may find a seller who simply wishes to maximize space at home or move belongings got from relatives. It could turn out to be the right chance of negotiating.
Run through this checklist and get the answers from a seller when shopping for a classic car. With the right approach, you'll make a sound investment.
Is the seller the original owner? Depending on the age of the car in question, you might find yourself lucky enough to purchase a classic from its original owner. If so, you'll have access to the majority of paperwork and be able to track the life of the car through a paper trail. When a car changes hands several times, you'll find yourself unable to answer many questions.
Can a seller produce the entire service history of the car? Whether or not the vehicle was owned by a single person, the paperwork may have changed hands and still be available for review. By getting service reports from every year, you can check and make sure the miles match what the speedometer reads. Without this information, you'll be left wondering.
Was the car salvaged? Salvaged cars should not have negative connotations if you love the appearance and operation of a vehicle. However, the fact a classic car is salvaged means it decreases in value - almost by half - when compared to an original. Knowing the ballpark value of cars that interest you can help a lot when negotiating for salvaged cars. You'll be able to tell whether a fair price is being quoted. Look into insurance for the classic before you buy too.
Can you review the car's accident history? Accident histories first and foremost give you an idea how the owner has cared for the car. Even if the work is undetectable, this information is important. Quality restorations will not diminish the value of a classic car by much.
Why are you selling? In the case of classic car dealers, there is certainly only 1 answer to this question. However, when it comes to private owners, you may find a seller who simply wishes to maximize space at home or move belongings got from relatives. It could turn out to be the right chance of negotiating.
Run through this checklist and get the answers from a seller when shopping for a classic car. With the right approach, you'll make a sound investment.
About the Author:
Looking at comparing rates on collector car insurance? Then call the Phoenix Insurance; we specialize in classic car insurance policies.
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