What Determines the Classic Car Value of a Vehicle?
The most common leaders in the setting of classic car value and pricing information are price guides, auctions, industry professionals, and banks. It’s hard to overestimate the effect that the industry price guides have on the classic car value. Most collectors use one or more of these guides as the starting point in determining how much a car is worth in the marketplace. The classic car price guide offers an approximation of how much a certain car model is worth at a particular point in time. And it’s a mistake to look at their valuations as more than approximations because not all cars of the same make and model are of the same quality. Some will have been restored professionally and others may have had little or no restoration work done. Probably the factor that has the most immediate effect on the value of a classic car is it’s auction price. As those who frequent eBay are aware, the bidding usually begins with a relatively modest price. Depending on the interest is the particular
