Classic Car News & Auto Appraisal Tips
4 Things Silently Killing Your Collector Car
You click the ignition key one turn to the right. A quick twitch of the right foot to tickle the accelerator pump and set the choke. Another touch on the key and . . .Nothing! What should be a crescendo of 4-, 6- or 8-cylinders version of taps and stirring the car person’s soul awake is instead the painful silence punctuated by the soft click of the ignition cylinder returning to the off position. Wake up, it’s just a nightmare.
Most and Least Satisfying Cars
Possibly a few surprises here? If you currently drive a model on this list., whether you agree or disagree, kindly share your comments.
When does the ubiquitous white cargo van need an appraisal?
An appraisal for that white cargo van may be needed in various situations such as determining its value for divorce, bankruptcy, probate, diminshed value, total loss, insurance purposes, before selling or buying it, for financing, or for taxation purposes.
How does changing the original color of your classic car affect its value?
Changing the original color of a classic car can have both positive and negative effects on its value. Here are some key points to consider: 1. Positive effects: - A new paint job can freshen up the appearance of the car and make it more appealing to potential buyers. Click on the link to read on.
Does 'accident' on my Porsche's Carfax affect its value?
If your Porsche has an accident listed on its Carfax, it has almost certainly incurred some Diminished Value, and is worth less than an identical model in similar condition and mileage.
Are classic cars good investments?
Are classic cars good investments? Historic Automobile Group International (HAGI) Classic car market prices overall corrected during 2023. The HAGI Top Index lost 2.41% during December and 6.22% in 2023. Performance during 2023 should also be seen in context with financial asset allocation and performance. Despite several negative predictions from leading analysts, global stocks showed strong performance during 2023 with the S&P global 1200 up 20.68% in USD terms.
How to get insurance companies to pay for your ‘totaled’ car.
If you're tired of haggling with the insurance company to get paid for your car, motorcycle, RV, or boat claim, you need to invoke your right to an appraisal. All insurance companies in Florida, like most states, are required by law to have a policy clause called "The Right to an Appraisal" or simply “Appraisal Clause.”
Auto Insurance Secret #1: Diminished Value
As a result of the negligence of another driver, this Chevy Silverado had over $19k in repairs and suffered Diminished Value of $6,610. If you have been in an accident through the fault of another, in addition to their insurance paying for the repair to your vehicle, you can also claim Diminished Value. But as the auto insurance industry's #1 best kept secret, they won't tell you!
What kind of auto insurance is right for you?
Daily driver (Stated Value) insurance is well suited for your daily driver car that is depreciating in value, but your custom or restored collector car that is going up in value, needs different (Agreed Value) insurance coverage. Do NOT lump your daily drivers and collector cars on the same policy! In the event of a claim for your collector car, you could be greatly disappointed!
How to find an honest car dealership and repair shop
We’ve all been there. Remember the day you dove headfirst into buying your first classic ride? The one that still makes your heart race thinking about it. You stopped at the local auto parts store and purchased the most refined car wash soap and wax to lather and polish your new (to you) baby. Squarely parking your treasure in the driveway, you dragged out the hose and bucket, proudly getting to work.