Antique Car Values
Once a car officially becomes an antique,
its value will immediately increase. Even the most unappealing
run down car on your block will increase its value once it reaches the
age of 25. Even though you may think 25 years isn't that old,
when it comes to cars, it is!
Although the value will go up when a car
reaches it's antique age it doesn't settle on a number. Antique
car values are like any other market you invest in. Values go up and
down depending on the market trends. Therefore, selling your car at
its highest point all depends on how much value it is holding at that
point in time. This is why your antique
car can only be as valuable as you make it by keeping your eye on
the market.
When you're looking to purchase or sell
your antique car, there is actually a
list of conditions that rank antique car values from level 1 to 5 with
one being the most valuable:
- Level 1 (excellent) car
is typically a car that isn't driven, and posses every original aspect.
Basically, level 1 antique cars are the ones meant for antique or
classic car
shows.
- Level 2 antique car is known
as fine. These cars are supposed to look just as good
as level 1 antique cars. They basically have the same originality
expectations, but usually show minimal wear and tear. These
cars must have been driven less then a thousand miles a year.
- Level
3 antique car is still able to operate fully and still is in it's
original form but commonly shows its age.
- Level 4 antique cars are ones
that can still be driven but need a good deal of restoration.
- Level 5 antique cars (restorable)
usually won't run and need full restoration, but as with all antique
cars still hold much value.
If your looking to figure
out a reasonable price for an antique car based on verifiable market
values, these levels (1-5) help to asses the antique car's ranking based
on specific criteria i.e. a level one car should be a similar price
to a brand new car of the same model. For each of the next two levels;
the 2 year old price for a level 2 antique car, and three year old price
of a level 3 antique car should suffice, all of the same model of course.
When considering how old
antique cars are, it's amazing to think that even a level three car
can be just as expensive as a three year old car of the same model.
Even more unbelievable is that a level 1 car can be just as expensive
as a brand new car!
If you have thought about looking into buying and
selling antique cars or antique
trucks, you should be sold by the numbers alone. Antique
car values may vary depending on its condition, but with only a year
difference, an antique car's value is substantially higher at the age
of 25 then from when the car was 24. If you're in the business
of buying cars and storing them until they reach proper antique status,
imagine the profit you can make!
Classic Car Values
Classic Car Shows
Classic Car
Insurance
