Financing older boats in Florida
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Are you looking to purchase an antique or classic car in South Florida? To be sure that it truly reflects the condition as advertised by the seller and determine its current accurate Fair Market Value, get a Pre-Purchase inspection (PPI) and Fair Market Value appraisal. What do you think this '56 Continental Mark II is worth? Call/text: 786-853-0711
Depends on the value of the car. If it's a “regular" 20 year old car, then you won't be able to get a normal auto loan. Once most cars are even 10 years old they are worth basically nothing to a bank. There are alternative financing sources, however, and most of them will require a Financing Auto Appraisal to determine the Fair Market Value of the vehicle. Need an appraisal in South Florida for car loan? We can help! Call text 789-853-0711
Instead of leaving your boat in the dumpster, why not donate it to charity and help with your taxes? In Florida you will need a Fair Market Value appraisal and we'll send you a completed completed IRA Form 8283 - Noncash Charitable Contributions to submit with your tax return. When was the last time you were out in your boat? For details, call/text 786-853-0711
If you are thinking about donating an RV, motorcycle, boat, light aircraft, or any vehicle, to charity in Florida you will need a Fair Market Value appraisal and a completed IRA Form 8283 - Noncash Charitable Contributions. Auto Appraisal Network can provide you with both. For details, call/text 786-853-0711
Buying an older boat in Florida? If you are planning to finance, chances are that your lending institute will require a Fair Market Value appraisal for financing purposes. Although our name implies we appraise only autos, we also appraise boats, trucks, RVs, motorcycles, and light aircraft. Call/text 786-853-0711
The upside of buying a vehicle with a rebuilt or branded title is that you can own and drive one for significantly less that the identical car with a clean title. The downside is that nagging question of whether it truly was repaired properly, and of course its subsequent resale value. Also, if you plan to finance the purchase the lending institute will almost certainly require a Fair Market Value appraisal. We can help! Call/text 786-853-0711
Why your boat needs a professional written appraisal. There are two basic types of boat insurance—“agreed value” and “actual cash value”, also known as "stated value." How depreciation is handled is what sets them apart. An "agreed value" policy covers the boat based on its value when the policy was written. While it may cost more, there is no depreciation for a total loss of the boat (some partial losses may be depreciated). "Actual cash value" policies may cost less, but factor in depreciation. Simply stated, the policy will only pay up to the actual cash value of the boat at the time it is declared a total or partial loss. Eventually, as your boat ages, your insurer will probably insist on an actual cash value policy, unless you provide a Replacement Value Appraisal
Greater Fort Lauderdale, in South Florida, has been called the Venice of America (more than 300 miles of inland waterways) and the Yachting Capital of the World (more than 40,000 yachts call it home). Plus, the annual Fort Lauderdale International Boat Show is one of the largest events of its kind in the world. And Miami, 29 miles south, is not far behind! Thinking of buying or selling a boat? Protect your investment, get it appraised.
Whether you are buying a collector car from a dealer or private seller, and have the possibility of bringing in an appraiser to look at the car, it really behooves you to do so.
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