Guide to Antique Car Appraisal

An antique car appraisal is much different than one for a new vehicle. There are unique details that must be considered when appraising an antique car. These are much different than the things that are looked at during the appraisal process for later models.

Don’t Go Too Far

Before you go too far, there are a few things that you want to keep in mind. Above all else, an antique car appraisal is just that – there is no guarantee. While there are guidelines that are used by all appraisers, opinion plays a large part in the overall process.

Find a Licensed Appraiser

If you are serious about receiving an antique car appraisal you want to make sure you are doing business with a licensed appraiser. This goes a long way in ensuring that you receive the proper information, as well as an appraisal that you can trust.

Finding a licensed appraiser in your area can be done in several ways including searching the internet, the phone book, and by checking with the Better Business Bureau.

Ratings System

There is a ratings system in place that is meant to help with the antique car appraisal process. Just like valuing any vehicle, there is a high end and a low end.

Excellent: This means that the car has been restored to original standards. Only show cars that are not driven fit into this category.

Fine: A well restored vehicle in excellent condition inside and out. Cars that fit into this category show very little wear and tear, if any at all.

Very good: An antique car meeting this requirement is operable, but may be showing some signs of its age. Amateurs who restore antique cars often times find them in this category upon completion.

Good: This include cars that are drivable and do not necessarily need any additional work. Although usable, these cars often rank as poor amateur restoration jobs.

Restorable: In need of a complete restoration job including both the interior and body. In most cases, cars in this category are not running and need a lot of work to get them back on the road.

Parts car: In this category the overall condition does not mean much. It is only good for its parts.

Every antique car appraiser will use this system when evaluating a vehicle. If they do not, you should move onto another appraiser. Knowing the details of the ratings system, including a basic idea of which types of vehicle fit into each category, makes it easier to give an accurate appraisal.

There are many well established, licensed firms throughout the United States that offer antique car appraisal services. The majority of them are licensed, and ready to appraise cars based on the ratings system detailed above. Within the antique car community, this method of appraisal is widely accepted and used by the majority of people who want accurate information on the condition and value of their vehicle.

blog comments powered by Disqus
Scottrade