Collector car math explained
For his son’s 10th birthday, Keith Martin, the publisher of Sports Car Market magazine and host of the TV series “What’s My Car Worth?” bought his son Bradley a 1960 Austin-Healey Bugeye Sprite. Keith’s first car was a Bugeye, and he was indulging in a romantic recreation of his own past.
He paid $15,000 for it because it needed nothing. Another $15,000 later, specialist Chip Starr had built and installed a 1,275-cc engine and a 3.7:1 rear end — along with freshening the suspension, electrical and wiring systems.
In a striking example of collector car math, after a total investment of $30,000 the Sprite is now worth the same $15,000 he paid for it! But it certainly runs and drives much better!
As Keith Martin would ask, “What’s your car worth?” Whatever your answer, protect your investment and have it appraised and fully photo-documented.
Keith Martin’s full blog post is here:
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For cars, trucks, motorcycles, motorhomes, RVs, boats and light aircraft appraisals, from Key West to Port Canaveral, South Florida Car Appraisers has you covered.
If you do an internet search for ‘auto pre-purchase inspection’ almost certainly the first Sponsored listing will be Lemon Squad. Lemon Squad has great marketing! Dig a little deeper and search for Lemon Squad reviews and you might decide to keep searching. Whichever auto pre-purchase inspection company grabs your attention, before you hire them, do your due-diligence by reading through all the good, the bad and the ugly reviews online.
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If you are looking for a car appraisal near you, and you are in South East Florida, you've found us! Getting a car appraisal before you buy, sell, or trade a car helps you get a good idea of the vehicle’s value and puts you in a better-informed position to negotiate. Several factors can affect a car’s value, such as your location and what kind of buyer you’re selling to (if you’re selling). Where you go to get your car appraisal could also affect the estimate you receive. Online guides, lenders, car dealers and professional appraisers can all offer car appraisals.
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After being hit by a tow truck whose driver admitted to texting and driving, then dealing with the insurance company and feeling he was being short changed thru the whole process - a $36,187 settlement offer, Luis contacted Auto Appraisal Network for a Prior-to-Loss Fair Market Value Appraisal. Result? $41,705 settlement. That's $5,518 more! If your insurance company is delaying, denying or underpaying, call/text 786-853-0711
This article is actually about selling a classic car online, but every seller needs a buyer! If you are buying online, and cannot get up close and personal to kick the tires, be sure to get a pre-purchase inspection from a local Auto Appraiser. In South Florida, we can help! https://www.yumpu.com/en/document/read/63623879/selling-your-classic-car-online
When buying an older car, or one with a rebuilt or 'branded' title, most financing companies will request an independent Fair Market Value appraisal of the vehicle before approving your loan. Recently we've appraised two newer sports coupes with rebuilt titles in South Florida, a 2016 Jaguar F-Type and a 2018 Nissan GTR, and both loans were approved!
Whether you are buying your first collector car, adding one to you collection, or purchasing the whole collection, we can help with a pre-purchase inspection (PPI) and Fair Market Value appraisal in South Florida.
What's your car worth? https://bringatrailer.com/listing/1971-datsun-240z-124/