Massa Liz asked:


Factors That Affect the Car Value

There are several factors that may affect the car value. One of these is the auction price. In an auction, the price is usually set at the lowest possible bid and then people are asked to bid. The highest bidder gets the item up for auction. An antique car price guide may state the lowest possible price for a certain car. Of course the price of the car in the antique car price guide could differ vastly from a specific car due to other factors. The antique car price guide is just a guide not a direct price list for specific cars.

Another factor that can affect the value of an antique automobile is its asking price. Asking prices are based on the amount of money and effort spent on the restoration of the car. This does not necessarily mean that this is the selling price. The antique car price guide can guide you on the range of a specific car’s prices. The range allows for shoddy restoration and professional restoration, which can be the minimum and maximum prices.

Celebrity ownership may also alter the actual price of the car from the antique car price guide. If a certain car was previously owned by a well known celebrity or a well known royalty, tendency is, its price is higher than other cars of the same make and model. Celebrity owned cars tend to belong to the higher price bracket indicated in the antique car price guide. Of course, if the car is in bad shape, no matter which celebrity owned it the price will belong to the lower price range indicate in the antique car price guide.

The originality of the car can also boost prices up. The antique car price guide may set a maximum price for a specific car model and make but this usually is base on restored cars. Antique cars that have little restoration done to them or have most of its original parts intact an functional tend to have higher prices than other restored cars of the same make and model.



Darrell

Nick Vernon asked:


In a generalized view, antique automobile insurance is for those vehicles that are 25 years or older. Of course, this comes with some conditions that make it specialty insurance. There is a distinct difference between regular automobile insurance and Antique automobile insurance.

A major difference in the insurances is the driving aspect. Antique vehicles are really not driven except for maintenance purposes. Regular vehicle insurance is designed for those vehicles that will be driven daily. Example: to and from work, family trips, etc. The highest mileage insurance company usually only goes to around 6 thousand mile a year. A true antique car will see somewhere between 500-1500 miles a year. This is only due to maintenance and road shows. It is known antique car owners put a lot of money and care into their vehicles. It is only necessary that coverage is designed to go along with that need.

Requirements of Antique Auto Insurance

Most requirements will stay in the same range. After all, we are talking about a car that is a prized possession. Below are some typical requirements you will find while shopping for antique automobile insurance.

1. The automobile will have to be a restoration, original, or in the process of being restored when coverage is allotted.

2. Certain mileage requirement a year, typically ranging from 1 thousand to 6 thousand miles a year.

3. Must meet the requirement of 25 years or older.

4. Owner must posses a “daily” vehicle that does not include the antique vehicle.

5. The antique automobile must be under lock and key when not in use.

If you notice, antique automobile insurance does come with strict guidelines. These guidelines were put in place so there would be no such abuse for coverage. If you are an antique car owner who enjoys riding in your car daily or more than 6k miles a year, some insurance carriers allow for such use as long as the car has additional insurance coverage. For most people this would be too expensive and not plausible.

Where Can I Find it?

As with all insurance offerings, there are many places to search for when online. The best thing to do is shop around to find the best policy to fit your needs. Keep in mind, the cheapest does not always mean the worst and the most expensive does not always mean the best. It is important to choose an insurance company that will be able to handle your claim if you are involved in an accident; the car is stolen, or even vandalized. It is a shame that these things happen, however, they do, and you need to make sure your hard work and effort will not be fruitless if there were to be a problem. Insurance is designed for an owner to have a sound mind in case these incidents do happen. To cover yourself further, you may want to consider getting a professional appraisal. This in itself will save many hassles on the value of your car. The more steps you take now to protect yourself, the better it will pay off in the end if you had to make a claim.



Todd

Nick Vernon asked:


When searching for antique auto insurance, it is important you understand what you are getting. This specialty insurance also comes with many restrictions and can sometimes interfere with what you would like to accomplish while owning an antique automobile. To most, an antique automobile is something they enjoy viewing, working on and restoring it to its original condition. These people typically only take their car out when it is necessary to keep up on its maintenance. There are however, those people that like to take there car out for a spin every now and again and would typically be breaking the mileage rule on a typical antique auto insurance policy. So what do you do about that? Below is a company that understands different antique owners needs and has done everything it can to accommodate them.

Grundy Worldwide:

Grundy is a company that deals with antique car owners worldwide, just as their name states. When it comes to antique automobile insurance coverage, Grundy Worldwide is a leader in its industry. Here are a few key points that makes Grundy Worldwide really stand out from the crowd.

- Grundy deals with agreed value. This is very important to check into to when looking for antique auto insurance. There are some insurers that will just take the book value for your car, even if you put in thousands more.

- No matter what year your antique car is, you will be covered by Grundy.

- Grundy offers higher liability limits. Many insurers will over low liability limits that might leave you a target for being sued if a major accident were to occur.

- When you sign a new policy, you automatically receive coverage, not wait times.

- A big perk of this company is unlimited mileage. As explained before, there are antique car owners that enjoy using their car.

To get a complete list of benefits for Grundy Worldwide, please visit: http://www.grundy.com

It is imperative that you go with a well known company when looking to insure your antique automobile. When determining if it is a good company to do business with, check the following facts. Make sure they are reputable with customer service. If a company does not have good customer service, how do you think they will handle it if you had to make a claim on your insurance? Most companies are searchable through the internet. Here, you can find the good the bad and the ugly about a company. Hopefully you will only find good. If you happen to find a bad review of the company, identify why. Maybe the person is out of line or unrealistic, or maybe they have a concern that would not even pertain to you. Do not down a company just on one bad review. Give them a fighting chance. If you do, however, find many bad reviews, it is best to stay away from that company. Another good idea is to make sure the insurance company you are looking to insure through accepts appraised value. Otherwise, they will only give book value.

In addition, get a policy that you can meet the requirements to. Insurance fraud is a huge punishable crime. Do not be the one to get beneath its wrath. There are insurance companies out there that can accommodate your needs. If you break the terms, your policy will become void. This means you will be in a hole with no way out.



Catherine

Bryce Stone asked:


Classic cars are worth being seen and owners of such cars are usually proud to display their most prized and valuable possessions. Antique car owners find the opportunity to display their beauties during antique car shows. The car shows also give classic car lovers the chance to see other types of antique cars. Finding unique car show venues has been made easy through the use of technology. Antique car lovers can easily obtain information of the various car shows online. In addition to the classic cars, attending antique car shows is a great way to have fun in the company of loved ones. 

Those who want to see vintage cars should attend the Helderberg Mountain National Car Show. The event is held annually and begins in the morning until five in the evening. The event will present classic car enthusiasts a chance to see the most prized possessions that are available. During the car show, most of the awards will be given to classic cars that were made prior to 1980. Vintage cars made after 1981, will also be judged and awarded. The car show is the perfect time to spend with family and friends. Apart from cars, there will be a wide variety of music and activities to keep the visitors entertained during the show. 

Antique Automobile Car Club, is known for hosting excellent car shows around the nation and nothing can be more special than hosting the regional Northeast show in Florida. This event will be held on 18 April 2009 at the Cecil Field runway in Jacksonville. To make this event successful and transparent, the winners of different categories will be decided by the spectators. They will be given the opportunity to vote for their favorite classic cars. Those attending the event will also enjoy the air show displays that will be provided by the military.  

For those who would like to commemorate the Memorial Day in style, then attending the Memorial Day car show will give them the opportunity to marvel at the various types of antique and classical cars. The event is held annually by Rolling Antiquers Old Car Club, in Norwich, New York at the Chenango County Fair Grounds. To make the occasion more memorable, those who attend will have the privilege of seeing classic military vehicles, vintage motorcycles as well as tractors. Registration is required. 

The Odyssey Car Show is one of the most popular car shows in Illinois. It will take place on May 24, 2009 at Oak Park Avenue in Tinley Park. Those coming with cars will be required to pay an entry fee and as a way of appreciating them, people who attend will receive free presents. The car show provides an all day fun activity for the family. To ensure those participating at the car show are entertained, there will be music played by a professional DJ and there will be free coffee. The car show will provide the opportunity for antique car lovers to see the classic cars.



Jacob

Norm Stamm asked:


Antique automobiles are an excellent hobby for anyone that enjoys the thrill of the open road, and the wonders of machinery. From repairs to fine tuning to the all-gratifying test drive, spending your spare time with antique automobiles can be one of life’s more enjoyable experiences. But have you ever considered the money making potential in trading in antique automobiles? Collectors up and down the country, and indeed over the world, share a common passion for automobiles and accessories of a certain era, and becoming involved in that kind of trade particularly if you share that passion could be a very lucrative move.

There are loads of different ways in which you can become involved in trading antique cars and car parts. It might be that you currently own a classic car of your own, or that you’re thinking about buying one to start things off. From there you could end up trading up to bigger and better, more expensive models, ultimately working up to a collection that can enhanced and sold off. Alternatively, some like to begin by buying and selling specific rare car parts to other collectors and dealers in order to turn a pretty penny. Still this can be a great way to get an idea of the marketplace, and trading antique parts in general.

The beauty with trading antique automobiles and parts is that it’s something that can be done in your spare time, or potentially as a full time income. What’s more, it’s an excellent way to indulge in your hobby if you have a particular liking for antique cars. As a dealer you’ll be able to experience most of the cars you ever wanted to try, before turning them over for a profit. Simply by finding old neglected pieces and showing them some TLC, you can have fun doing what you love the most while also making a handsome profit at the end of the day.

For the trader in antique automobiles and automobile parts the Internet has given rise to a myriad of opportunities for making money from your passion. From finding obscure car parts to picking up your next project piece, right through to actually selling your work, the Internet is a cost effective advertising platform for your business to draw benefit. Online auction sites can be a good place to start for picking up bits and pieces, while you might like to consider designing your own brochure site for selling off your antique collection.

Trading in antique cars is a great starting point for anyone looking to make a bit of extra income in the spare time while indulging their love of cars. Thanks to the Internet it is now easier than ever before to enter the market, and doing so is continually costing less and less for the part-time would-be dealer. With a little determination, and a desire to make your passion into a part time business, you too could soon be working with the antique cars of your dreams while earning a supplemental second income.



Sheila