I Want To Sell My Classic Car – 1992 Jaguar XJR-SStuart, Florida Auction Bid $10,173 Time Left Icon 20 : 48 : 15 Bid $10,173 Time Left Icon 20 : 48 : 15
No Reserve 1984 Mazda RX-7 GSL-SEAnacortes, Washington Auction Bid $6,000 Time Left Icon 20 : 58 : 15 Bid $6,000 Time Left Icon 20 : 58 : 15
I Want To Sell My Classic Car
1951 Chevrolet 3100 PickupBend, OregonAuctionBid $10,500 Time Left Icon 21:08:15 Bid $10,500 Left Time Icon 21:08:15
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The Mercedes SL line has a long tradition of being among the most successful convertibles on the pavement of all time. The R107 became the most popular SL ever to hit American shores, with more than 50 percent of its sales coming from the US market.
Known for its perfect combination of performance, luxury and timeless design, the Mercedes-Benz SL series has been an icon in the automotive world for decades. The W 113 body model Mercedes-Benz SL, introduced in 1963, represented the pinnacle.
This beautiful Corvette is an attractive four-lamp C1, and as a 1961 model, it is the first year to feature the four taillights that would become a Corvette signature for generations to come. This Corvette is truly a driver’s appraisal or evaluation of a classic car based on factors such as supply and demand, make, model, condition, mileage, features, equipment package, and more. And like the stock market, the value of any classic car can fluctuate. Make sure you know the true value of your classic car, not its true cash value, so your insurance covers its true value, including its restoration value, customization, asking price, historical interest rates, etc.
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To determine the value of your classic car, get an appraisal that reflects current and historical prices. Classic car valuation tools can also provide a range of prices that your car could fall into. Use this article as a classic car valuation guide to learn more about the basics of determining the value of your classic car.
Use the Hagerty Valuation Tools to determine the value of your classic car. Then bring classic car insurance to get your true value.
Knowing the value of your classic car is important when buying, selling or insuring your car. For example, it can help you buy your dream car at the right price, sell your classic car for what it’s worth, and properly insure it against a costly accident.
When it comes to insuring your classic car, knowing its value will help you get the right level. This is because classic car insurance usually insures your car based on its actual value, while standard car insurance can only cover the car’s actual cash value (replacement value of the car minus depreciation). So if you know the value of your car before you buy classic car insurance, you can get an accurate quote and ensure it’s really worth it.
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Negotiated and declared insurance values are two common methods that insurance companies use to determine payout limits for classic cars. The declared value is the price of your car (possibly subject to approval) and the agreed value is the sum insured that you and your insurer have agreed upon. Neither is the actual cash value of your car, as it must take into account age-based depreciation. Here are some key differences between the two classic car valuation methods:
Agreed value is the value of your classic car as agreed upon by you and your insurance company when you write or renew your policy. At Classic Car by Hagerty, it’s known as Guaranteed Value®, which requires no appraisal.* This value doesn’t change automatically, but some insurance companies may want to revalue your car at the beginning of each new policy term.†
Declared value is what your classic car is worth to your insurance company when you get a loan or apply for insurance. You may need to submit documentation to back up your declared value. However, when the insurer uses the declared value instead of the agreed value, it may not pay the declared value after the compensated loss. Depending on your policy, they may pay the actual cash value or the declared value, whichever is lower. Insuring your classic car with a declared value that’s less than its actual cash value may give you a lower premium, but you could get a lower payout if it’s totaled.
A sought-after, rare or professionally and fully restored classic car is worth much more than a partially restored or amateur restored car.
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Gathering this information will help your appraiser and your potential insurer identify unique or high-demand features that will increase your vehicle’s value. For example, a car’s demand, rarity, restored condition, current condition, and restoreability can all affect the value of a classic car. Have this information ready when you use Hagerty’s appraisal tools to find out how much your collectible or classic is worth. From seeing well-maintained cars at local parades to classic cars at amusement parks, the fascination of America. And if you’ve inherited an old beauty that you have no idea what to do with, the first step is to find out its value. Once you know how much it’s worth, you can decide how/where to store it, whether you want to insure it, and whether it’s worth selling or keeping in the family. Fortunately, resources like Kelley Blue Book can help you quickly find classic car values.
Since 1926, car buyers and sellers have used the Kelley Blue Book (KBB) to determine how much their new and used cars are worth. If you bought your first car after 2000, chances are you can use Kelley Blue Book to find the cheapest deal in your area. Surprisingly, KBB was originally a trade publication available only to people working in the automotive industry, and a consumer edition did not appear until 1993.
), you won’t get that anymore. However, all is not lost! Their trusted online tool has car and truck price data going back 21 years. Unfortunately, they do not have information on prices for cars over 21 years old. So your instincts were right when you first went to KBB, but if your car is 19 years old, you’ll need to use other means to determine its value. .
The only thing collectors could use to price their classic cars was Kelley Blue Book, there wouldn’t be much buying and selling. Fortunately, there are some less obvious resources you can use to find out how much your classic cars are worth.
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Former National Automobile Dealers Association Price Guide Now J.D. possesses power. They are an important resource for those interested in finding market value for their new or used cars. Since Kelley Blue Book is excluded for most classic cars, J.D. Power’s price guide is second best and very easy to use.
Answer questions about your make, model, zip code, mileage, and more so that the search function gets the most accurate estimates possible. And don’t worry there is an age limit. For example, Ford options go back to 1926.
Just remember that while these estimates are among the most reliable in the industry, they are based on fair market value and do not reflect mitigating factors such as damage or accidents.
Hagerty Insurance has a classic car appraisal tool that dates back to the 1940s. Hagerty began as an exclusive source for antique and classic car insurance. And since you can’t insure if you don’t know what the car’s appraised value is, it seemed natural to make their appraisal guide available to the public. You can search by year, make or vehicle identification number. With a free account, you can see values over time, save brands and models, and use other features.
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Hemmings, which bills itself as “the world’s largest collector car marketplace,” offers a wealth of information on classic cars. In addition to classified ads and current dealer listings, you can check the value of your car by searching their online price guide. Enter the make, model, and year of the car you’re interested in, and they’ll give you the low, high, and average price based on sales and ads over the past three years.
And if you’re looking to sell your old road warrior, Hemmings is a great place to start. You can sell them on the website at three different levels: auction, bid or classified. Each costs less than $150.
And if you have a vintage bug and want to stick to old-school magazines instead of digital resources, they also publish a variety of guides and magazines, e.g.
If you want comprehensive numbers, Collector Car Market Review is the way to go. The values they achieve on each featured vehicle are not just auction results, but through the company’s Value-Track®.
