Sunday, December 20, 2009

How To Price A Classic Car

A lot of people dream of owning a classic car. When you say classic, it means older-looking, classy and distinctive. There are many applications that can be used in defining a classic car but basically, a classic car is defined as famous for its excellent worksmanship, great engineering and elegant style built around the years 1925 to 1948.

This definition is actually almost the same as the description given by the Classic Car Club of America. Classic cars are special cars that were famous for their high-class worksmanship, fine design and sophisticated engineering standards. Generally, these classic cars were high-priced especially in their new conditions and they had limited production runs. Of course beauty is in the eye of the beholder and many collectors have their own ideas about what a classic actually is.

There are certain factors to consider in determining a classic and these factors include the following: Engine displacement, custom coachwork and luxury accessories - one-shot lubrication systems, power brakes, power clutch, etc.

There's an endless list of classics - from the brass era to those tough muscle cars of the 60s. You can easily find an array of pictures of the Dodge Charger, Mopar muscle cars, Plymouth Barracudas, a Chrysler Airflow and DeSotos. Other distinctive classics also include the Ford Model A, the Model T, the Classic Lincoln Continental or the Boss Mustang.

If you own one of these classics, you are definitely in luck because many of them hold such a premium value.. However, selling a classic automobile is a bit more complicated compared to selling an ordinary car model. This is due to the fact that you are selling to a part of the population that is not only interested in buying a car for mere transportation, but its collectible value.

Today many people now see classics autos as an extremely sound investment since the value of these cars has nearly tripled in the last twenty years. As an example, the Chevelle, a popular muscle car from the 60s and 70s, was selling for $15-20,000 in the early 1990s. Today it is not uncommon to see it sell for well over $60,000 at many car auctions. This is why I always say that purchasing a classic car is akin to buying extremely valuable stock, without the worries. As long as you take care of the vehicle, time has showed us that the car will only increase in price.

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