Antique Car Appraisal

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Antique Car Appraisal Tips from Antique Antiques
11/21/08

Antique Car Appraisal: Remember these points before you get too far:
-- Like with all antique items, antique car appraisal provides nothing more than an opinion of value and people's opinions vary! The actual value is what somebody will pay you.

-- Antique car appraisal can be started on the internet, but use the internet ONLY as a information gathering resource. A antique car transaction is far too large to be performed over the internet.

-- Antique car appraisal information from well established firms is what you are looking for. Look for credible businesses that can back up their credibility with with memberships in antique car appraisal organizations.

-- Even the traditional BBB is a good source for checking the reliability of a firm that does antique car appraisal. Look for the offical BBB logo.

-- For formal antique car appraisal, look for a licensed appraiser. In the late 1980's (after the multi-billion dollar savings and loan scandal) Congress enacted legislation mandating all states set up licensing programs for appraisers. Licensed appraisers must adhere to the Uniform Standards of Professional Appraisal Practice (USPAP). This is a set of strict ethical and professional guidelines developed by a nonprofit organization called the Appraisal Foundation.

-- Your antique car appraisal research can be greatly enhanced if you look to the proper car appraisal books and guides. Such as:

the Ultimate Collector Car Price Guide by Cars and Parts Magazine: Antique Car Appraisal, Collector car values and classic car values

Good antique appraisal information can be found through Krause International in their auction results by year and event. Good for general information on antique car values, but be careful with the condition codes listed.

-- For the most accurate antique car appraisal, "know the condition ratings" and evaluate the condition yourself -- honestly and without emotion!

Ratings to Use in Your
Antique Car Appraisal

EXCELLENT: Restored to current maximum professional standards of quality in every area, or perfect original with components operating and appearing as new. Basically a show car that is not driven.

FINE: Well-restored or a combination of superior restoration and excellent original. Also, an extremely well maintained original showing very minimal wear.

VERY GOOD: Completely operable original or older restoration showing wear. Also, a good amateur restoration may rank here. Presentable and serviceable inside and out.

GOOD: A drivable vehicle needing no (or only minor) work to be functional. Also, a deteriorated restoration or a very poor amateur restoration will rank here. All components may need restoration to be excellent, but the car is mostly useable "as is."

RESTORABLE: Needs complete restoration of body, chassis and interior. Probably not running, but isn't weathered, wrecked or stripped to the point of being useful only for parts.

PARTS CAR: Condition does not matter. Can be wrecked or stripped to the point of being useful only for parts.