No-Reserve Ferrari 250 GT SWB Berlinetta at RM Sotheby’s Monterey
No-Reserve Ferrari 250 GT SWB Berlinetta at RM Sotheby’s Monterey
A 1962 Ferrari 250 GT SWB Berlinetta will cross the block at no reserve during RM Sotheby’s August 15-17 Monterey Auction.
The car, with Scaglietti coachwork, carries a pre-sale estimate of $8 million to $10 million. The car has Ferrari Classiche certification.
If you own a collector car that is appreciating in value, be sure you have Agreed Value insurance.
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Are classic cars good investments?
Are classic cars good investments? Historic Automobile Group International (HAGI) Classic car market prices overall corrected during 2023. The HAGI Top Index lost 2.41% during December and 6.22% in 2023. Performance during 2023 should also be seen in context with financial asset allocation and performance. Despite several negative predictions from leading analysts, global stocks showed strong performance during 2023 with the S&P global 1200 up 20.68% in USD terms.
What kind of auto insurance is right for you?
Daily driver (Stated Value) insurance is well suited for your daily driver car that is depreciating in value, but your custom or restored collector car that is going up in value, needs different (Agreed Value) insurance coverage. Do NOT lump your daily drivers and collector cars on the same policy! In the event of a claim for your collector car, you could be greatly disappointed!
Which auto pre-purchase inspection should you choose?
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.
In which state should I register my collector car?
In which state should you register your collector car? A great majority of the registrations for collector cars are split between three states: South Dakota, Arizona, and Montana. It can be a little confusing to know which one to choose , so here's a breakdown of each state to give you an idea of the one that’s right for you.
The two secrets the auto insurance industry doesn't want you to know!
The two secrets the auto insurance industry doesn't want you to know are "Appraisal Clause" and "Diminished Value." Almost every auto insurance policy has an Appraisal Clause, giving the policyholder, in the event their vehicle is declared a total loss, the right to an independent appraisal of the prior-to-loss fair market value. Diminished Value is the sudden loss of value because of an accident. If you were not at-fault in the accident, you can make a Diminished Value claim against the at-fault driver's insurance company. Call/text 786-853-0711 with any questions.
Collector motorcycle needs agreed value insurance
Nostalgia is an up-to-date re-imagination of the fabled 1934 BMW R7. Collector motorcycles require agreed value insurance coverage, not the stated value coverage that daily riders/drivers have. Protect your investment! Get it appraised! More info on the Nostalgia: https://nmoto.com/
What's your definition of a collector vehicle?
When it comes to defining collector vehicles, apparently it's different strokes for different folks. Miura, Pinto, Veyron, Yugo, Agera, Trabant may indeed all qualify! What's the most uncollectible vehicle you have ever owned, that now is considered a collector? Regardless, Auto Appraisal Network of South Florida appraises them all!
Rebuilt or branded titles and financing
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
Buying a Classic Car online
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
Boat valuation for insurance
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