Classic Car Value

votes

vote

With prices hitting the silly season about 18 months before every bubble was burst, the LAST thing you want to do is leave money on the table. You would think with all the sources of information, it would be easy.if you want to sell your house now, you can get comps from the MLS from any realtor.
There is not just one method in my opinion. In order to get the right range, you need to triangulate on a price using several data points.
Prepare for shock at times because the estimated prices can vary. For example, a recent search for a 1967 Pontiac GTO convertible, original, matching numbers, standard options ranged in Excellent condition from $44K to $99K! And Excellent did not mean #1, show quality where the car is never driven, just stored in a climate controlled environment.

Good condition was $28K to $54K. Again, quite a spread.

When I checked some of the listings (did not drill, just read the specs), many read the same, recent (within 2 to 3 year restoration), matching numbers, many original parts, complete documentation, etc. So, you would have to inspect the cars yourself to see who was blowing smoke.

Using these three resources should get you pretty close to what you will pay for your car. The next step is to thoroughly understand the valuation system for classic car cars so you know where "your car" fits, and consequently how much you have to pay. The rating system below is standard.

Excellent: The vehicle in perfect and near-mint condition, either completely restored or an original vehicle with little wear. This is NOT a #1 show quality car that is never driven.