“I just need a vehicle to get me from point A to point B.” I am almost certain that you have heard that statement before or might have even said it yourself. Honestly speaking, how true is that statement? Is there such a thing as” just a vehicle” or “just a car?” To answer that question; each individual has a preference in make, model and even color of their dream car.
A woman that’s really into cars or a “man’s man” could describe his/her ideal vehicle down to the “T,” horsepower and all that good stuff. If you are reading this article you’ve probably heard of:1964 Aston-Martin DB5, 1954 Cadillac Eldorado, 1957 Mercedes 300SL Gullwing, 1966 Shelby 427 Cobra and 1969 Chevrolet Camaro. Which brings me to the point, let’s talk about classic cars specifically, classic cars for sale.
If you ask several individuals, dealerships or vehicle affiliated organizations to define the term classic cars, you’ll get several different answers. Some will say a Classic, is a vehicle that transcends its time, some; a vehicle that defined its time in one or all of the areas; design, engineering and performance, and others; a car that has a certain je ne sais quoi that has some amount of appeal decades later. One thing is for sure, age of the vehicle is essential.
Whether a hot rod, a muscle car or something more exotic, if you are interested in the sale of classic cars there are a few things you should consider. Classic cars were designed, built and distributed in limited quantities thus, yielding a high market value. As time passes the price escalates and maintenance can be extremely expensive so, is this something that you really want to invest in?
On the other hand, if you have a classis car for sale or reselling your Classic, the potential for doubling or tripling the original cost is great. You should research the market value of the car you are interested in. Note that whatever the current value, the car could be sold for much higher. The final thing to consider is where to locate classic cars for sale.
One of the most popular places to obtain a classic car is at an auction. There will be a wide variety to choose from and most attendees intend to leave with a purchase. This is the perfect place to showcase and sell a Classic to the highest bidder.
“Car heads” will compete, there is at least one person who is willing to pay whatever it costs to own a particular car. For example, two Augusts ago at the annual Pebble Beach Concours d'Elegance auction a 1957 Ferrari 250 Testa Rossa prototype was sold for $16.4 million. Two years prior to that, a 1936 Bugatti Type 57SC Atlantic was sold to a private collector for over $30 million. Alarmed? Don’t be, serious buyers have no problems paying a large sum of money for something that is unique and coveted.
Today, the value of a 1957 Mercedes 300SL Gullwing is approximately $700,000 however; it may be auctioned for close to $5 million. The 1969 Chevrolet Camaro Z28 coupe sells for around $98k.
Another way to find classic cars for sale is at a dealership or through the classifieds. This method is more personal and leaves room for negotiation. Ideal for a buyer who does not want to pay “outrageous” amounts of money and for a seller who has one too many and wants to get his least favorite off his hands quickly. Although America has some landmark Classics, when it comes to classic cars for sale, European made is most preferred among collectors.