If one were to take a guess as to the strongest asset class for investment, considerations such as fine art, rare wine or bluechip stocks might come to mind. Investment banking powerhouses across the country have long had client portfolios chocked-full of traditional- based instruments, all confident that the strategies will yield handsome returns. Yet, the starlet of the investment stage is not precious stones, rare coins or even Big Board stocks - it is a heroine of a different breed, and one that might surprise many: classic cars.
Your modern, classic or custom car serial number or VIN (Vehicle Identification Number) is more than an arbitrary number assigned to your car to make it unique. This serial number or VIN is packed with encoded information about your car’s drivetrain, body style and manufacturing information.
We’re all familiar with Depreciation, right? It’s the gradual loss of value over a given time. So what’s Diminished Value? Let’s look at this scenario. Imagine that you are stationary at a stop light or sign and suddenly a negligent driver rear-ends your vehicle. Your vehicle has just suffered Diminished Value (also known as inherent diminished value or diminution of value).
A house or condo is the most expensive thing most people will ever buy and most would never dream of making such a big purchase without the help of an experienced professional. A dedicated realtor can help speed up the process of buying a home and make all the difference between getting a good deal on a house and getting ripped off. But what about buying a car, which for most people is the second-most-expensive thing most of us will ever buy?
A few years ago, Ron Gibson of Auto Appraisal Network (AAN) in Dallas, helped a car owner as she prepared for her divorce. She had six cars that needed to be fully appraised to determine their current values and chose our company for advice and support.
Cooler weather, breathtaking fall foliage, and breaking out the sweaters and scarves are just a few reasons as to why fall is one of the favorite seasons. Unless, like me, you live in Miami, FL, where it’s still 92 F! Despite many of the comfy and cozy pluses of the season, fall can also be a dangerous season for millions of drivers across the country. Here are some common roadway hazards and some helpful tips for avoiding a car accident and staying safer overall:
Let’s look at the two different types of auto insurance: Stated Value and Agreed Value. “Stated Value” is the insurance most of us have on our daily drivers which are depreciating
How about a little attention to detail that can yield a big aesthetic result to your collector car? Whenever we put a new modern battery in an antique or classic car (see Benefits of Using the Good Auto Battery, May 31, 2017), we use a hair dryer or heat gun to soften all the modern stickers and warning labels, and then peel them off. The result is a nice discreet black battery that’s not drawing unnecessary attention to itself.
Have you ever asked yourself, “How old are my tires?” If not, you should! Determining your tire age is very important to you and your family’s safety. If you’re driving with a tire over six years old, you could be putting yourself in danger, as tires dry rot with age from the inside out.
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