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

Mary Duares asked:


Owning a class or antique car is a real joy, but it poses challenges from restoration to preservation. Finding affordable auto insurance for these gems can also be difficult. As with any insurance, research is the key. Take the time to decide what kind of coverage you want, then get quotes from multiple companies.

Car insurance quotes for classics and antiques will depend on many factors. What is the value of the car? Has it been restored? What modifications have been made to the vehicle? Is the car garaged when not in use? How many miles will be put on the car annually? Who will be driving the car? Where will the car be driven to and from? Know the answers to these questions before shopping for auto insurance.

Insurers of classic and antique autos will want to know the specific value of an older car before insuring it. The auto insurance companies will ask numerous questions about the state of repair the vehicle is in. The Kelley Blue Book or other car value publications will be consulted for a retail and trade in value. You should do this yourself also so you know the general value range of your vehicle.

Auto insurance companies want to know the miles the car will be driven annually. It is one of the most important aspects of the car insurance policy for older cars. Will it be driven for shows and weekends only or will it be used for daily driving? Some car insurance companies restrict the driving to weekends only and will not allow for it’s use as transportation to work. Others will allow any type of use, but only allow say 3000 miles a year to be put on the vehicle. They may also want a picture of the car and a list of all the modifications. This information helps them give you the best policy price for your car.

In order to get the most joy and value out of your classic car, pick the insurance coverage that will fit your lifestyle. Picking an insurance policy with too little coverage, or inadequate coverage, will be disastrous if something should happen. You will want your vehicle to be restored up to it’s current value if minor damage occurs. Some insurance companies will not do this, stating it is unable to be fixed to it’s pre-event state due to the lack of original factory parts available. In the event of a crash or unavoidable damage, you will want to be assured they will do everything in their power to repair your vehicle. Call around or cruise the Internet to find the auto insurance company that is right for you.



Loretta