Monday, April 4, 2011

Determining Classic Car Blue Book

Determining the blue book value of a classic car can be somewhat difficult compared valuing to new cars. This is because older cars are really only worth what someone is willing to pay, and they have had many years to depreciate. This doesn't mean that you can't accurately determine the value, it just means that arriving at a number is more difficult.

One of the most tried and true ways to start out valuing an older car is to look and see what other people are selling them for. You can look on online classified sites like Craigslist and eBay, or even in your local newspaper or at local dealerships. The prices at dealerships might be slightly higher, but at least they will give you a starting point.

You also need to take the condition of your car into account when determining its value. Things like paint quality, cleanliness and mechanical operating condition are very important factors. If your car is run-down or beat up it won't sell for as much as a car that is in better condition. If you have the time, you can make the necessary repairs and clean up your car before listing it for sale. This will ensure that you get the highest amount possible for your car.

Lastly, remember to be somewhat flexible on your price if you don't get a lot of offers right away. This is an important but overlooked step in determining the value. Sometimes the car market doesn't respond like you think it will, even if your valuation seems to be spot on, and you need to be willing to change your price within reason in order to ensure a sale. Inflexibility doesn't help anything when selling a car, but make sure that you set a bottom limit so you don't sell your car for less than it's worth.

About the Author

Determining classic car blue book values is not necessarily difficult, but it can take some time. Keep doing your research and you'll arrive at a valuation in no time!

No comments:

Post a Comment