Appraisal and Inspection
Save Some of The Car’s Value
The Resale Value of Your Car Car values continue to fall, and there is no way to stop them. On average, a car loses around 20% of its value as soon as it is driven off the lot. Granted, depreciation slows as time passes, but it remains an unstoppable force. There are, however, steps you…
Read MoreInsure it Properly or Lose Your A**
When the value of a vehicle is difficult to assess, the vehicle may be insured on a stated amount basis. This will explain what the stated amount means, and how it differs from the agreed value and actual cash value. The following example demonstrates a typical situation in which the stated amount of coverage might…
Read MoreFinance Your Dream Car
Because traditional auto lenders were unfamiliar with the classic automobile sector, they were apprehensive of lending to buyers of historic cars. There were no classic car loans available until recently. A collector car could only be purchased with cash or by taking out a home equity loan or personal loan to finance the acquisition. There were no other options…
Read MoreHow to Insure a Classic Car
The following are examples of vehicles that may require collector car insurance: Automobiles from the past (25 years or older) Exotic and high-end automobiles Trucks from the past Vehicles from the military’s golden era Vehicles that have been modified or hotrods Automobiles with a lot of power Anyone who owns a vehicle is required…
Read MoreHire an Inspector Before You Buy
Nowadays, finding a car and making a purchase are primarily done on the internet. You may have been looking for a vehicle on a variety of platforms and are now ready to make a purchase on one that has captured your attention. So, before you even think about pulling out your checkbook, have it thoroughly…
Read MoreThe Future of Our Classic Cars
The good old days Members of the European Union, for example, are proposing banning all new gasoline-powered automobiles by 2035. As the automobile fleet transitions to electric vehicles, restoring, insuring, and even refueling our old trucks and cars may become more difficult. Classic automobiles, on the other hand, are extremely unlikely to be outright prohibited…
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