How to Determine Price and Value of Classic Cars

Value of classic cars are based on not only the type of classic car, but on other factors as well. Determining the value of a class car is important if you want to sell a classic car that you own or you want to price a classic car you would like to buy.

Although there are similarities between the methods to price a classic car and the methods of pricing other cars, there are important differences as well. Read the steps below to help you find the estimated value of classic cars.

Instructions

1. Use a value guide -

   There are various guides you can buy or use online that will help you determine the value of your classic car. These guides will give you approximate price or value of the classic car based on factors such as year, model and condition.

2. Learn about the rating system for the condition of classic cars -

   The two most common ways to grade a classic car's condition is the 100 point system and the 6 category system. The 100 point system grades conditions of classic cars with 100 being the highest value and therefore the classic car in the best condition. Each point goes down from there.

   A 6 category rating of classic cars breaks down classic cars into 6 categories of conditions - 1 being the car in the best condition and 6 being a car in worst condition.

3. Price your classic car based on its condition -

   Next, go through the condition of the classic car and determine which rating would be most appropriate based on its condition. Take into account the exterior and interior of the car. Also take into account the mechanical aspects of the classic car that determine how usable the car is.

4. Add extra value for a rare or unique classic car -

   Classic cars that are rare or are very much in demand will be priced higher than similar classic cars that are more commonplace or less popular. Special designs, colors & classic car accessories can make the car especially in demand which would raise the price.

5. Add value for authentic or original car features and parts -

   A classic car that has its original exterior, interior, mechanics, etc. will be priced higher than one that different parts were substituted for the original.

Tips & Warnings

• You may want to use a professional classic car appraiser for a more exact value of classic cars