Whether you are selling your classic car or buying a new one, finding the market value of a classic car can prove to be quite complicated. Referring to renowned publications such as NADA’S Classic, Special interest car appraisal guide and Hemmings is the perfect place to start. These publications include the various factors that you should take into consideration while dealing in classic cars. Their online websites also include classic car price checkers. However, just referring to these publications is not enough. You will have to take certain factors into account in order to determine fair market value of your classic car.
Besides the inherent charm and the general popularity of your classic car, you will have to scrutinize your vehicle from every aspect in order to determine the right price. However, the condition of your classic car plays a crucial role in the price of your vehicle and checking the condition of a classic car can prove to be quite difficult.
This is primarily due to the fact that it is not every day when a classic car owner decides to sell their cars and often lack the degree of knowledge required to assess the condition of their cars. This is exactly why we have articulated a list of steps that will help you in identifying the true value of your classic car.
1. Check the body of the car
Stand approximately three feet in front of the head lights and then the tail lights. Try looking for bulges, waves and any signs of body repair. You should also check if there are any signs of rust especially around the headlights. If possible use a magnet in order to find out if any sort of filler was used. If your cars body is in pristine condition, the price of your vehicle automatically increases.
2. Check the doors
The next step is checking the doors of your vehicle. You should look for signs for aging and paint blisters. Of course you would know if any damage has been done to your car’s doors, but checking how visible the damage is, is a key factor in determining the price of your classic car.
3. Check the engine
Once you have inspected the body from every angle, the next step is evaluating the condition of your classic car’s engine. Any potential buyer will request for a test run and trying to sell a car that has mechanical problems will bring the price down by a substantial margin. Make sure your car is up and running, rest assured a few repairs such as suspensions is not a deterring factor.
After you have followed all three of these steps, you should use online price checkers to find out the market value of your car. The more popular the make and model is, the higher the price bracket your car will fall in. You can also take your car to vintage car dealers to gain insight on the current market price of your car. Rest assured if you follow these steps and check multiple sources you can easily find out the market price of your car.