Selling a Classic Car

Selling a classic car is much like selling any other type of vehicle. Most of the time, people who are selling a classic car want to make a profit and see their car go to a good home. In order to achieve these goals, there are a few things you must do before listing your classic car.
 
Before selling your classic car, you'll first need to determine its value and get it ready for showing. You'll also want to make sure you have all of the proper documentation on hand.
 
Here are a few tips to help you sell your classic car.
 

Determining Classic Car Values

When selling your classic car, the first thing you need to do is determine its value. Often, this can be hard for sellers, who may overestimate their cars' worth due to emotional factors. Still others set the price too low in order to sell the car quickly.
 
In order to determine the value of your car, you can turn to both print and online sources. You can also use a local appraisal service. These services will help you set a realistic price for your classic car based on a number of factors, including:
  • age
  • condition
  • history
  • make
  • model.
You should also compare your car to other cars on the market to determine a realistic and competitive price.

Another tip forestablishing a fair market price for your classic car is to speak with members of local car clubs, as well as mechanics who specialize in classic car repairs. They can advise you on the value of your classic car.

Selling a Classic Car: The Necessary Papers

When selling your car, you'll need to have important papers ready for potential buyers to review. You should make sure to have the following:
  • Mechanic Certification: Ask your mechanic to provide a written statement about the condition of your car. A seller may want to have an independent inspection made, but this certification will show honest intent and provide an instant overview.
  • Paperwork for the Sell: Make sure that all documents are ready to sign when you make the sale. Find out which forms are required at your local Department of Motor Vehicles.
  • Proof of Insurance: Insurance rates are often lower for classic cars that are in good running condition. Having insurance that categorizes your car as an official classic might be an incentive for buyers.
Additionally, you may wish to create a portfolio of information that will aid the buyer. Include the following in your portfolio:
  • articles that relate to your particular classic
  • list of recent sales of similar cars
  • photographs of the interior, exterior, engine compartment and trunk area.

Classic Car Listings

You'll discover many reliable ways to list your classic car for sale. Here are just a few ways you can sell your classic car:
  • Auctions: Physical auctions have been around for decades and continue to bring high prices for the best classic cars. In addition to physical options, there are also Internet auctions. Both types of auctions allow you to elect to place a reserve on the car, which will guarantee you receive a pre-defined price.
  • Brokers: Brokers are a good way to go if you don't want to do much of the legwork that is required to sell a classic car. Of course, brokers will get a percentage of your profit, so you won't make as much money. If you decide to go with a broker, choose a specialist who is familiar with the market and with your classic car.
  • Classifieds: The local paper is an excellent place to list your classic car. You should also consider specialty magazines and nationally recognized advertising outlets.