Cruising in your classic car is most definitely a lot of fun, but there is more to it than just enjoying a ride on a Sunday afternoon. A classic car appraisal can protect your investment. With our experienced and knowledgeable appraisers to support you, you can protect your asset and bank account by getting an appraisal to tell you the current market value of your vehicle.
If you have a classic car already, you can find the right insurance policy for the right price with an appraisal. Give the appraisal to different insurance companies to get quotes. You can prevent having an insurance appraiser making an error when they value your car by getting an appraisal of your own done by an independent appraiser. Insurance appraisers don’t typically know how to appraise customizations and modifications, and they don’t have access to the latest data on comparable sales.
With an appraisal, you can more swiftly and easily handle legal issues, such as divorce and estate settlements. Appraisals are also needed if you decide to donate your vehicle to charity and want to include the donation on your tax return. An appraisal is also helpful if you are in the middle of a financial audit or bankruptcy.
In addition, if you’re in the market to purchase a classic car, you can trust an appraiser to inspect the vehicle completely and carefully so you don’t have to be there in person. You save money on travel and time away from work and family. The appraiser carefully details notes and takes high-resolution photos to include in the appraisal report. They then put their notes and the photos into a bound copy of the report. You will also receive a digital copy. If you are not confident that you can accurately inspect the vehicle yourself, an appraisal can also be helpful so that you don’t waste your money.
Finally, if you want to sell the car, an appraisal can tell you the problems the car has when you get a classic car appraisal. You can have any problems fixed before you advertise it for sell. A repair shop can tell you what problems a car has, certainly, but you’ll learn the vehicle’s market value at the same time with an appraisal. This helps you ensure that you don’t set the price too high. The vehicle should sell more quickly when it’s priced right.