Reasons For Antique Car Appraisals
Antique car appraisals are typically used to determine fair market value ahead of car sales and auctions. An experienced appraiser determines the general condition of the vehicle and creates an impartial report for prospective buyers. Your antique car appraisal may highlight exterior, interior, and mechanical issues that reduce the value compared to similar cars. Antique car appraisals used ahead of sales and auctions are critical to alleviating concerns by buyers about older vehicles. These appraisals also ease the minds of owners who have invested thousands of dollars in maintaining antique cars.
Your search for an antique car appraisal may have nothing to do with a prospective sale or auction. Antique car owners use appraisals to determine vehicle value and condition for insurance purposes. An antique car appraisal is also used as part of estate value calculations to eliminate legal and financial hardships for the next of kin after the owner’s death. These appraisals are used to settle financial disputes during divorces, bankruptcies, and other legal proceedings.
Finding The Value of Antique Cars
Antique car experts use four standard criteria to determine the values of old and exotic vehicles. The primary criterion in assessing an antique car’s value is performance. An appraiser will ride with a vehicle’s owner to determine if the transmission, engine, and other mechanical elements are operating smoothly. An antique car is only valuable to investors and buyers if it lives up to its traditional performance standards.
Another criterion when creating an antique car appraisal is the replacement parts used in the appraised vehicle. Experienced appraisers are intimately familiar with the auto parts market and know the difficulties in finding original parts for antique cars. An owner who has spent the time, money, and energy to find antique car parts is rewarded with a higher appraised value. Owners using generic parts and makeshift solutions to mechanical problems may find it difficult to attract serious buyers.
An antique car appraisal is incomplete without considering vehicle rarity and the current condition of the auto market. The reason why Model Ts and other antique cars are so valuable is that the world supply of these vehicles continues to dwindle. If you own an antique or exotic car in limited supply, your antique car appraisal is likely to feature a high appraised value. Antique car appraisers also determine whether the auto market is more favorable to buyers or sellers in the near future. For example, a Model T owner with a great appraised value may find it difficult to sell his car in a recessed market.
Antique Auto Appraisers©
Antique Auto Appraisers© (http://www.antiqueautoappraisers.com/) is an Omaha, Nebraska-based company run by expert appraiser Don Peers. Peers has evaluated antique and exotic cars for the better part of three decades. Antique Auto Appraisers© is capable of handling muscle cars, hot rods, rare vehicles, and exotic sports coupes from owners throughout the Great Plains. Peers is capable of meeting with clients day and night throughout the year by appointment to provide antique car appraisals. The Antique Auto Appraisers© website features client testimonials dating back to 1999 for prospective clients to review.
SteveLinden.com©
Auto appraiser Steve Linden runs SteveLinden.com© (http://www.stevelinden.com/index.html) provides antique car appraisals out of his Smithtown, New York office. Linden is best known for his work as an appraiser and evaluator of TV host Jay Leno’s classic car collection. His company provides pre-purchase inspections for prospective buyers concerned about a vehicle’s condition. Steve Linden also helps antique car buyers and sellers handle the tricky process of international auto exports. SteveLinden.com© receives most of its business from car owners trying to evaluate the values of their cars.
Every inspection report produced by SteveLinden.com© provides a thorough evaluation of the antique car in question. Inspections of the cockpit and exterior components eliminate concerns by buyers, insurers, and beneficiaries about a vehicle’s cosmetic condition. Linden also inspects a vehicle’s mechanical performance to provide an unbiased assessment of how an antique car would fare on the road. These comprehensive services make SteveLinden.com© an invaluable resource to antique car collectors.
Classic Auto & Appraisal©
Classic Auto & Appraisal© (http://www.classicappraisal.com/) offers assessments of fair market, diminished, and replacement values for antique cars. The company is a member of the American Society of Appraisers, and each of its antique car appraisals is certified by the Uniform Standards of Professional Appraisal Practices© (USPAP). Classic Auto & Appraisal© has a cars for sale section on its website to help clients move their cars after appraisal. Buyers and sellers can meet with the company’s appraisers during standard business hours from Monday through Friday.
Edwards Collector Car Appraisals©
Edwards Collector Car Appraisals© (http://www.edwardscollectorcarappraisals.com/) is an Ontario-based appraiser specializing in appraisals for sales and auctions since 2002. Each client at Edwards Collector Car Appraisals© receives a bound full color appraisal for his car that is applicable for five years. Edwards Collector Car Appraisals© offers appraisals in CD format in addition to its data-rich printed appraisals. The CD format allows appraisers to add photos and other graphics to make their reports more helpful to clients. Clients of Edwards Collector Car Appraisals can request vehicle histories to make their appraisals helpful to prospective buyers. Ontario car collectors benefit from the company’s no-fee initial visits as they search for the right appraiser.
Classic Wheels LLC©
Classic Wheels LLC© (http://www.larryboardman.com/index.html) is a Simsbury, Connecticut appraisal firm run by antique car expert Larry Boardman. Boardman is a Master National Judge for the Antique Automotive Club of America© and a member of the National Association of Certified Vehicle Appraisers©. The company’s website features a sampling of the cars and trucks appraised by Boardman ranging from a 1923 Ford to 2004 sports car models. Classic Wheels LLC© offers certified appraisals geared toward estate planning, sales, auctions, insurance, and arbitration.
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