How are classic cars appraised?
Image: Tony Alter, 2013
This is a part of the vintage car collectors hobby that is rarely spoken of, simply because it is a rather subjective process depending upon the person you have appraised your vehicle. Truthfully, however much your car ends up being appraised for will almost always be too low when held against your emotional and personal commitment to the vehicle – but it’s still a worthwhile exercise if you ever consider parting with your vintage auto.
The first thing that you’re going to want to do is hire the right appraiser to take a look at your vehicle. This can be more difficult than sourcing rare vintage and time period perfect pieces for your restoration – in the right appraiser is certainly worth their weight in gold.
Up is to actually set up the appointment with that appraiser, making sure that you are able to get your car in tip top condition before the meet and greet. There they will closely go over every little detail of your vehicle with a fine tooth comb (make sure you remember that anything and everything they say is not personal), and will produce the full report – in the appraisal – in a few weeks’ time.
From there, it’s up to you whether or not you decide to ever part with your vintage auto – but sometimes it’s just nice to have a concrete figure in your mind to quantify all of the hours, sweat, and tears you have poured into this vehicle.