Edmunds classic car values1/2/2024 The figure you see on these platforms are more likely to have been the retail value of the classic during its production and heydey. There will be a disparity in pricing as dealerships tend to change the price tag a bit to compensate for margin, maintenance and others. Retail ValueĪccording to research, more than 70% of total classic car trades happen in private, 20% are done in classic car auctions and the rest of them are processed in dealerships.Ī common mistake potential buyers make is the fact that they expect the selling price of a classic car to be exactly as listed in sources such as online, in classic car forums, etc. Image Source: Selling To A Classic Car Dealer vs. Reading listings in classic car magazines.Įstimates and reviews from authoritative classic car websites. Having the vehicle evaluated by a classic car specialist.Ĭhecking the price of the car in classified ads. You can turn to reliable sources such as the following: There is, however, a way to check for a rough estimate of a car's value, whether you're a buyer, a seller or a collector. For others, their classics may have spent more time in the garage than on the road, and they'd be willing to negotiate a fair price. For some, their car might have sentimental value and they'd refuse to let it go no matter what. The price that feels right will vary from one owner to another. Right off the bat, there's no definite answer to how much a particular classic car is worth. Our Five Key Points To Consider When Appraising The Value Of A Classic Car.Why Is Insurance For Classic Cars Different?.Should You Use A Professional Valuer or Valuation Company?.Hopefully, you'll come away with an idea of what to look for and what to avoid in your hunt for the classic of your dreams. Image Source: out our classic car buyer’s guide below. Our classic car valuation guide offers a helpful resource of how you can have any vehicle appraised for its true worth. When trying to determine the value of a classic car, factors such as demand and condition come into play. Too low, and you risk selling your precious investment for a song. There's a chance that it may not be sold at all. If you're the seller, setting it too high may lead to the car to sit in your garage longer than what's necessary. Putting a price on a classic car is not an easy task.
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