Shopping around for a classic car will be an exciting time, but it's important to keep your mind on the business at hand. Can you be sure the vehicle you're purchasing is exactly what the owner says it is? While most sellers are going to be honest, there are enough instances of the opposite to be sure you are protected throughout the transaction. Here are the big questions to ask a seller before you buy a classic car.
How many owners has the car had? Dealing with an original owner has numerous advantages. You can trace the entire history of the car, get the most paperwork available and ask about the present state of the vehicle. Multiple owners means much of the paperwork may have disappeared, leaving you guessing about the car's true state.
Can a seller produce the entire service history of the car? Whether or not the vehicle was owned by a single person, the paperwork may have changed hands and still be available for review. By getting service reports from every year, you can check and make sure the miles match what the speedometer reads. Without this information, you'll be left wondering.
Is the car a salvage project? Even if the car was salvaged and rebuilt, you should consider it a worthy purchase if it has retained its beauty and ability to operate. The only change will come in the value. You can expect to pay close to half for a salvage job when compared to a pristine classic. If you know what the value of an original is, you'll have the ability to negotiate a fair price. Make sure you protect that ride with insurance for classic cars; they will want to dig into the history of the car as well.
Can you review the car's accident history? Accident histories first and foremost give you an idea how the owner has cared for the car. Even if the work is undetectable, this information is important. Quality restorations will not diminish the value of a classic car by much.
Why are you selling? In the case of classic car dealers, there is only one answer to this question. However, in the case of private owners, you might find a seller simply wants to increase space at home or move assets inherited from family members. It could turn out to be the perfect opportunity for negotiating.
Before you purchase a classic car, run through this checklist and get direct answers from the seller. It could make a huge difference in the quality of your investment.
How many owners has the car had? Dealing with an original owner has numerous advantages. You can trace the entire history of the car, get the most paperwork available and ask about the present state of the vehicle. Multiple owners means much of the paperwork may have disappeared, leaving you guessing about the car's true state.
Can a seller produce the entire service history of the car? Whether or not the vehicle was owned by a single person, the paperwork may have changed hands and still be available for review. By getting service reports from every year, you can check and make sure the miles match what the speedometer reads. Without this information, you'll be left wondering.
Is the car a salvage project? Even if the car was salvaged and rebuilt, you should consider it a worthy purchase if it has retained its beauty and ability to operate. The only change will come in the value. You can expect to pay close to half for a salvage job when compared to a pristine classic. If you know what the value of an original is, you'll have the ability to negotiate a fair price. Make sure you protect that ride with insurance for classic cars; they will want to dig into the history of the car as well.
Can you review the car's accident history? Accident histories first and foremost give you an idea how the owner has cared for the car. Even if the work is undetectable, this information is important. Quality restorations will not diminish the value of a classic car by much.
Why are you selling? In the case of classic car dealers, there is only one answer to this question. However, in the case of private owners, you might find a seller simply wants to increase space at home or move assets inherited from family members. It could turn out to be the perfect opportunity for negotiating.
Before you purchase a classic car, run through this checklist and get direct answers from the seller. It could make a huge difference in the quality of your investment.
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