Want to get into the collector car hobby through financing? Here are some options to consider and remember in almost all cases the lender will require an independent current Fair Market Value Appraisal to determine the amount of the loan. Hobby-Specific Financing: This is a fairly new alternative for someone wishing to buy an antique, classic or collectible vehicle. The loan representatives understand the collector car market – namely, why a 40-year old car might cost upwards of $50,000, or much more! Interest rates tend to be low and loan terms can be generous, keeping monthly payments affordable. See a list of potential loan providers. PROS: Very low monthly payments doesn’t tie up cash CONS: The cost of borrowing money
This 1985 Ferrari 288 GTO coupe sold for $2,540,251 at Bonhams’ Bond Street Sale on December 2, 2017. This was good money at the time, but RM Sotheby’s just sold a 288 GTO for $3,360,000 at their just-completed 2019 Arizona Auction. The car was high sale for RM Sotheby’s. Only 272 of these beautiful cars were built. Are we seeing a market rise for these cars? Stay tuned for Amelia Island in a few weeks!
According to the results of the J.D. Power and Associates Vehicle Dependability Study, a better warranty is not one of the most important factors considered by consumers when choosing a new vehicle. The same study, however, consistently finds that consumers say reliability and durability are the most important factors in their choice of vehicle.
Carrera commemorates Porsche’s success in the Carrera Pan American Race. Porsche developed its first 4-cam racing "Carrera" engine for the 356 in 1955 known as the Porsche 356 Carrera. The name was synonymous with high performance race cars, but in the late 20th and early 21st century has become a luxury flagship for Porsche and has helped build the brand into one of the most famous automotive names
If you have submitted an insurance claim and feel the offer to replace your vehicle is inadequate, you’re probably right! Of all the Insurance offers we evaluate, there are only a few companies which make a reasonable offer and we can tell clients “you’re getting a decent offer.” It may be on the lower end of what the car is worth, but the cost of an appraisal isn't going to generate a sufficient return on investment.
If you’re looking for an appraisal for the purpose of donating a vehicle to a charitable organization, here is something you need to consider: For how much can you actually sell the vehicle?
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.
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?
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.