How Do You Assess The Value Of A Classic Car?
Cars are often advertised for much more than they are worth. A rusted-out MGB with a blown head gasket may have a lot of emotional appeal to some, but it also has a real value that you can determine easily. Buy a value guide. These lay out in clear terms what various cars in various conditions are worth. Two similar models can have very different values. Consider the condition. Cars are generally rated on a scale of 1 to 5, with 1 being the best. A condition 1 car is the ideal show car; however, most cars at shows are condition 2 or condition 3. Those you see being washed and waxed on weekends are condition 3 or condition 4. A condition 5 may not be drivable. Think about originality. Custom paint or interiors, non-original wheels, and modified engines may increase the comfort and drivability of an older car, but they will decrease the value. Estimate rarity. Dodge made lots of Chargers between 1966 and 1974, but they only made a few hundred with a Hemi engine. The Hemi Chargers are wor
