From the www and pretty well said.
What Determines the Classic Car Value of a Vehicle?"The most common leaders in the setting of classic car value and pricing information are price guides, auctions, industry professionals, and banks.
It's hard to overestimate the effect that the industry price guides have on the classic car value. Most collectors use one or more of these guides as the starting point in determining how much a car is worth in the marketplace. The classic car price guide offers an approximation of how much a certain car model is worth at a particular point in time. And it's a mistake to look at their valuations as more than approximations because not all cars of the same make and model are of the same quality. Some will have been restored professionally and others may have had little or no restoration work done.
Probably the factor that has the most immediate effect on the value of a classic car is it's auction price. As those who frequent eBay are aware, the bidding usually begins with a relatively modest price. Depending on the interest is the particular car model, the price is bid up until it reaches the highest amount that someone is willing to pay for it. The biggest "blue book" producers take this into account when evaluating the classic car value for that particular model. Even a no-bid scenario is noted as it usually indicates that there is not much interest in that particular car model and the value will be lowered accordingly.
We are in the middle of the celebrity worship era. No matter the make or model of a classic car, if a well known celebrity has owned that car, it's value is increased. Other factors still matter, of course, but the fact remains that a classic car previously owned by Jay Leno, for example, is going to fetch more than the exact same car in the exact same condition owned by Jay Smith."
At the end of the day it?s a buyer and a seller that decide what the value of an elan. We can throw this around all we want and it?s not going to change the ways of capitalism and the free market. Its great that we can still say, If you?re a 'Cheap Bastard' or 'Loads of Money' or like most of us 'Somewhere in Between' there is a car out there for you... just bring your wallet, and let it do your talking.
we should have a pole....
how do you think it would turn out?
CB.... ? %
LOM... ? %
SIB... ? %
THE END
James