Peter Grizzly asked:




It is easier to spot a classic car than to know how much it is worth. You may know that the Oldsmobile Cutlass hanging out in your garage is a real sweet vintage ride, but you might have a difficult time deciding how much to sell it. Or maybe you have spotted that Cutlass, but do not know whether the price is worth it.

Worry no more, as here is an easy guide on how to estimate classic car values.

1. Research on Market Values from Dealers

Classic car values are almost always fluctuating, as all car values are. By researching the market value of a classic car sold by professional dealers, you can have a clear marker as to how much a vehicle in a certain condition is worth.

However, remember that this is a dealer’s price, so expect that it is overpriced from 10%-20%. There are many other determinants of price that are oftentimes not covered by dealer-based values, such as your own preference and the demand for that car. Nonetheless, market values from dealers are still a good marker.

2. Check the Condition of the Car

The condition of the car is usually the biggest determinant of its value. Most classic car enthusiasts use a five-point rating system, as follows:

Excellent: A car in perfect and near-mint condition, usually drivable.

Very Good: A car with some very minor scratches or engine and mechanism faults, but is still almost perfect and drivable.

Good: A car with some very repairable damages, but still needs little effort to restore and is still drivable.

Fair: A car that needs a lot of restoration work, with signs of abuse such as dents, scratches, and rust. If a car is not drivable because of engine, brake, or other mechanical failures, but has a solid exterior look, it will fall in this category.

Parts car: A car that cannot be plausibly restored because of heavy damage. A parts car, as its name suggests, is usually bought only for its reusable parts.

A car in an excellent condition could be sold for twice or thrice its original price and collectors will still buy it. Cars in the good or fair condition are the usual ones that you will see in the market.

3. Customization is a Minus

A classic car with an A/C unit, a fuel-efficient engine, and soft seats may be convenient, but these modifications often bring down the value of a car. Customized paintjobs may look cool, but they still decrease the possible price. The reason for this is simple: original parts are harder to find, and maintaining them are more difficult too. Expect a car with almost all original parts (including the wheels) and paint color to have a really large price tag attached to it.

4. Rarity is a Plus

Classic Dodge Chargers may be valued highly, but Chargers with a Hemi engine is a gold mine. This is because Hemi engine-equipped Chargers were made in very limited numbers. If you have one in your old man’s garage, you may want to reconsider that engine change.

5. Original Options are a Plus

Turbo and superchargers might increase a muscle car’s values, given that they are original parts. Because the ’61 Bullet T-bird is used as a pace car for Indianapolis 500, it has some original era modifications which increase its value.

Remember, when buying or selling classic cars, consider the condition, the originality, rarity, and the added options. Put this side by side with the market value from dealers, and adjust as needed.

Carl Phillips asked:




In the past 20 years, many classic car restoration shops have left the scene. With so few of these restoration shops remaining, many classic car owners have been forced to either take upon themselves the daunting task of restoration or simply give up their hobby.

Happily, even though the shops themselves have disappeared, many of the mechanics and other restoration experts who worked on those classic automobiles are still around and are more than willing to help you, if you can find them.

One of the best places to find an auto restoration specialist is at a classic auto show. Look for newspaper or television notices of classic auto conventions and events occurring near your town and make an effort to attend. As you look at the cars, take special note of the ones that have restoration quality work that impresses you. Then, simply ask questions to find out who did the restoration work on the vehicle. If you do this for all the classic cars the impress you, you will probably have quite a list by the time you leave the auto show.

Depending on where the automobiles hail from, quite a few of the restoration experts may be too far away from your home. This doesn’t mean that you should not contact them. In fact you should contact ALL of them. Simply tell them that you were recently at an auto show and saw some of their work which you admired. Explain that you are looking for someone they could recommend that does quality work similar to them but who is closer to your town. You will not get referrals from all the experts that you contact but you may be pleasantly surprised at how many names you do get. Many will also give you other restoration tips that you might not have thought of on your own. And it never hurts to build up your contact list.

The advantage of finding a restoration specialist in this manner as opposed to finding them through a phone book or a newspaper ad is that you have seen, first hand, the results of their labor.

Another excellent way to find classic car repair specialist is to join and become a member of one or more classic auto clubs. These clubs can be an invaluable resource for finding parts, services, and other information of interest to classic car hobbyists. The best thing about these clubs are that they are full of enthusiasts who are always willing to go above and beyond to help other members. And don’t think that these clubs have to be local. If you’re in New York and join a club based in Chicago, for example, in most cases you’ll still be able to actively take part in the club through their bulletin boards, newsletters, ezines, and so on. Classic automobile clubs can also help you to avoid being taken advantage of by unscrupulous shops, restoration specialists and so on.

In addition to pointing you to the best restoration resource, classic car clubs help their members by giving them information on what questions they should ask a classic car renovation specialist. The clubs will also give them tips on how to tell if they’re being gouged or overbilled, how long certain jobs should take, what to do if there’s a dispute between you and the car renovation specialist and more.

As more and more restoration shops leave the scene, the classic car owner will increasingly find himself looking for all of the help that he can. At least, for now, the help is still out there if you’re willing to take the time to research and find it.