Have you done your research on that Classic Car? Research, research, research... and Insurance.

Before buying a Classic or before restoring a Classic Car do yourself a big favor. Do research. A lot can happen to a car in 20 to 100 years. You need to know the details.
 
May 16, 2011 - PRLog -- Are you about to buy or restore a Classic Car? We recommend: Research, Research, Research and Insurance.
 
Before buying a Classic or before restoring a Classic Car do yourself a big favor. Do research. A lot can happen to a car in 20 to 100 years. Without the research, you may own a beautiful hunk of metal, not totally worthless, great to look at but not a collector’s item or not the collector’s item you thought it to be. Research will help you to decide whether or not to buy or to restore a car.

This is important, it can help you save money and protect an investment.

So where to Start?

First do research before making the purchase. Make sure there is a real car and make sure it is really for sale. Ask and get as much history as possible. Keep in mind, now days there are many car builders very good at counterfeiting cars. Verifiable history can eliminate this problem.

Note: This is not the time to cut corners. If you are about to invest between $50,000 and up you should get a professional appraisal service. Who would purchase a $200,000 home and not have it inspected and appraised?


After the history is verified and the appraisal is in then it is time to negotiate a sale. Like the housing market, negotiating a price is the hard part. The sellers holds that their beautiful, one of kind, rare Classic Car is desired by all of the Kings and Princes of the earth. The buyer has seen 200 of these on eBay and there is a chip on the right quarter panel.  The market is volatile and is driven by unseen and unknown factors. What was popular yesterday is out today and the worst part, the professional appraisal service’s quote is vulnerable to these pressures.

So what to do?

Advice for buyers and sellers: be reasonable, do your own research, and hire a professional broker/appraisal service. If you feel that all information is in, then set a price in your mind and recognize that prices can move up or down on a daily basis.

For those of you who are about to restore a Classic Car, again, do your research, get a best estimate of value upon completion, and be reasonable about you expectations.

Once the car is purchase, make sure that you have Classic Car Insurance in place, even if it is a project car, put insurance in place. We recommend Hagerty Car Insurance. Experts in Classic Car Insurance.


Recently on facebook I found this picture of a project car, just finished up and was out on it shake down run. No Insurance!

Go to All About Detail Classic Car News   to see the pictures of the "car on fire" and the "car after the fire":       http://all-about-detail.blogspot.com/

So we recommend research, research, research ... and Insurance.

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All About Detail offers Broker and Appraisal Services for highend Classic Cars.

Website offering free ad space to private owners of Classical Cars.

Our website is a great place to list a top end Classic Car and a great place to find a top end Classic Car .
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