Porsche, Rolls-Royce, Bentley, Aston Martin - all total losses!
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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.
If you're tired of haggling with the insurance company to get paid for your car, motorcycle, RV, or boat claim, you need to invoke your right to an appraisal. All insurance companies in Florida, like most states, are required by law to have a policy clause called "The Right to an Appraisal" or simply “Appraisal Clause.”
As a result of the negligence of another driver, this Chevy Silverado had over $19k in repairs and suffered Diminished Value of $6,610. If you have been in an accident through the fault of another, in addition to their insurance paying for the repair to your vehicle, you can also claim Diminished Value. But as the auto insurance industry's #1 best kept secret, they won't tell 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!
We’ve all been there. Remember the day you dove headfirst into buying your first classic ride? The one that still makes your heart race thinking about it. You stopped at the local auto parts store and purchased the most refined car wash soap and wax to lather and polish your new (to you) baby. Squarely parking your treasure in the driveway, you dragged out the hose and bucket, proudly getting to work.
We’d all like to believe that our insurance provider always has our best interests in mind. At least that is what their commercials might lead you to believe. However, like every other business, they are trying to make a profit, and the more they must pay out on claims, the less money they make, so in most cases, they are trying to pay you the least amount of money possible.
A pre-purchase inspection (PPI) is a thorough inspection of a vehicle conducted by a professional certified appraiser or technician before a potential buyer makes a purchase. The purpose of a PPI is to assess the vehicle's condition, identify any existing or potential issues, and provide the buyer with a report detailing the findings. To discuss/schedule your PPI, call/text 786-853-0711
What exactly is a classic car, anyway? Age is an important part of a classic car’s identity. So in order for a vehicle to fit this definition, it needs to meet a certain age requirement. Different organizations have different ideas about what exactly makes a car a classic.
Greetings all! We probably all know someone who has been or who is currently impacted by Prostate Cancer. That's why once again this year I am participating in The Distinguished Gentleman’s Drive. Click on the link below and you will be directed to my donation page. https://www.gentlemansdrive.com/driver/JohnLayzell4955
The 2025 Ford Mustang GTD is the most audacious and advanced Mustang ever, a limited-edition, street legal performance car designed in parallel with Mustang GT3 race car and ready to take on the world’s best performance cars.