Classic Car Pricing - How It Works
Classic car pricing is dependent on a variety of factors - chief among them age of the car, the condition of the car, the existence of any special features on the car, and most important - scarcity.
Sellers and buyers can often arrive at a consensus on classic car pricing by consulting the various online vehicle vehicle valuation guides, price guides, and by talking to banks and industry professionals. Usually, however, the starting point for classic car pricing is looking up its blue book value. Once you have this, you can begin your negotiations in earnest.
Age - generally, the older a classic car is, the higher it will be priced at in the marketplace. That is, a classic car that is very old will probably have a higher selling price than the same new model classic car.
Condition - a classic car that is in perfect condition is going to have a market price higher than the same model that is in poorer condition. As in most things, buyers prefer merchandise that they can purchase and begin to use right away. Any defects, mechanical or otherwise, means that the buyer is going to be forced to spend some of his own money to refurbish it. Buyers take this into account when sending an offer to the seller and discount their offering price accordingly.
Special Features - a classic car with many of it's original features still intact, will fetch a higher price than those without. For example, a working radio, original interior (in good shape), original bumpers - all have an impact on the price of that classic car.
Scarcity - probably, more than anything else, this will impact the pricing of a classic car. People love one of a kind things. The scarcer a car is, the greater the bidding frenzy builds up around that car. This trumps just about any other factor when it comes to setting the price of a classic car.
Probably the most well known guide for pricing classic cars is the Kelly Blue Book: Early Model Guide, which comes out twice a year - in January and July. It's not the only guide, however, and you may find sellers in different parts of the country using different guides to set the baseline for their car's price.
An excellent place to find classic car pricing guides, as well as to locate classic car original manuals, warranties, automobile technical information, and a lot more is autopedia.com.
Once a seller has his baseline price for a car, it's relatively easy to sell it. You simply place an ad in one of the national listings or even on eBay, and you shouldn't have to wait more than a few days before you start to receive offers.
Consulting a current pricing guide is essential, even if you're an old hand at selling and buying. Those who ignore the classic car prices listed in the guides are in danger of being the last to notice pricing trends and failing to see the market shifting beneath their feet.
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