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Determining the Market Value of Your Classic

By Tony and Michele Hamer, About.com

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Rating the Authenticity, Special Features and Desirability

Authenticity
  • In addition to the originality of the paint, interior and engine, evaluate the cars overall authenticity.
  • Take into consideration the accessories that are included with the car such as special wheels, fancy wheel covers and other dress-up items.
  • Are the engine and the accessories painted in authentic colors?
  • Do these extras match what was originally offered on the car? They may be attractive but if they're not authentic, it will subtract from the car's value.
Points_______

The Odometers Recorded Mileage
  • Does the car’s recorded mileage appear to be accurate and do the owner’s service records provide confirmation.
  • Check the brake and clutch pedal pads; if they are heavily worn it would be a good sign of a high mileage vehicle. Another indicator would be a well-worn driver’s seat.
  • The signs of wear and tear on the vehicle should be indicative of the miles recorded on the odometer.
Points_______

Special Options
  • Examples of special options that will enhance the car's value would be a higher horsepower engine, upgraded trim or interior package, sliding sunroof or an overdrive transmission.
  • Price guides may assign a premium of 10% to 30% to these features, individually or in combination.
Points_______

Desirability
  • Although desirability may not be a factor used by Price Guide publications, it should be a factor to you before writing the check or applying for financing.
  • What do you really like or dislike about the car?
  • Is it the car you've always wanted, the convertible you never had or is it the car your ex-wife never let you buy?
  • If the car resonates deeply in your soul, add points reflecting its appeal.
Points_______

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