Thinking of buying a collector car?

 

We recently conducted a Pre-Purchase Inspection and Fair Market value appraisal on this excellent 1956 Ford Thunderbird leaving its owner of 53 years and relocating across the country.

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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.  

An appraiser acts as a second set of eyes that will make sure the car is exactly as described in the dealer’s sales literature or private owner’s claims. An appraiser also functions as an important reality check: reining in your emotions is important to make sure you’re not overcome with the excitement of getting a classic car and end up with an overpriced toy needing more work and money than you’re comfortable with. Additionally, an appraiser can run similar year, make, model, condition and mileage comps that have recently sold to determine the accurate current Fair Market Value (FMV). 

To find a good appraiser, ask for recommendations at local car clubs or classic car dealers.

In addition to hiring an appraiser, you will also be well served by taking the car to a mechanic who can make sure it runs correctly too.  Engine compression and/or leak down tests are worthwhile investments.  Happy hunting!

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Buying a collector car from a collection, or the whole collection? Buying a collector car from a collection, or the whole collection?

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.

21k-Mile 1971 Datsun 240Z Series 1 sells on BringATrailer for $310,000 21k-Mile 1971 Datsun 240Z Series 1 sells on BringATrailer for $310,000

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Protect your investment! Get it inspected and appraised! https://jalopnik.com/this-used-porsche-nightmare-is-why-you-always-get-an-in-1825771000

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Sleek lines of a 1937 Cord 812 Beverly conceals its once hidden past when it comes up in auctions. Learn the controversial history behind this historic automobile. https://www.foxnews.com/auto/cursed-1937-cord-812-political-history

Bronco Mania Might Be Taking Over Once Again! Bronco Mania Might Be Taking Over Once Again!

Collectors haven't really taken notice of '80s and early '90s Ford Broncos just yet, but this gorgeous find might help change that.... https://www.ford-trucks.com/how-tos/slideshows/two-owner-1990-bronco-is-a-sure-fire-xmas-gift-602261

Barn find Datsun 240Z in Florida Barn find Datsun 240Z in Florida

2nd Barn Find in one week! The previous was a 1960 Porsche 356 1600 S Roadster! This one owner, low mileage 1971 Racing Green (code 907) 240Z has been sitting unmolested in storage since 1996. For an auto appraisal of your Barn Find, call/text: 786-853-0711

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This is one of just 560 T5 Roadsters produced in 1960 by Drauz Karosserie. Full Fair Market Value appraisal just completed. Guesses as it it's current unrestored value? To appraise your collector car call/text 786-853-0711

How much is a $500,000 gearbox/transmission worth? How much is a $500,000 gearbox/transmission worth?

The world’s most expensive car is at the center of a High Court battle between a dealer and an American collector, as a judge must decide who is entitled to the $48 million vehicle’s gearbox. Gregor Fisken, 55, a London classic supercar trader, bought the 1962 Ferrari 250 GTO in October 2017 on the understanding that its missing original gearbox would be sourced. However, when the seller, Bernard Carl, a Washington lawyer, failed to hand over the part, Mr Fisken sued for breach of contract.

What kind of auto insurance is right for you? 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!

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Thinking of buying a collector car?