| It is easier to spot a classic car than
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| | Parts car: A car that cannot be plausibly
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| to know how much it is worth. You may
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| | restored because of heavy damage. A parts
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| know that the Oldsmobile Cutlass hanging
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| | car, as its name suggests, is usually
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| out in your garage is a real sweet
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| | bought only for its reusable parts.
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| vintage ride, but you might have a
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| | A car in an excellent condition could be
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| difficult time deciding how much to sell
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| | sold for twice or thrice its original
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| it. Or maybe you have spotted that
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| | price and collectors will still buy it.
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| Cutlass, but do not know whether the
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| | Cars in the good or fair condition are
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| price is worth it.
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| | the usual ones that you will see in the
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| Worry no more, as here is an easy guide
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| | market.
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| on how to estimate classic car values.
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| | 3. Customization is a Minus
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| 1. Research on Market Values from Dealers
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| | A classic car with an A/C unit, a
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| Classic car values are almost always
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| | fuel-efficient engine, and soft seats may
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| fluctuating, as all car values are. By
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| | be convenient, but these modifications
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| researching the market value of a classic
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| | often bring down the value of a car.
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| car sold by professional dealers, you can
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| | Customized paintjobs may look cool, but
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| have a clear marker as to how much a
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| | they still decrease the possible price.
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| vehicle in a certain condition is worth.
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| | The reason for this is simple: original
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| However, remember that this is a dealer's
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| | parts are harder to find, and maintaining
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| price, so expect that it is overpriced
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| | them are more difficult too. Expect a car
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| from 10%-20%. There are many other
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| | with almost all original parts (including
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| determinants of price that are oftentimes
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| | the wheels) and paint color to have a
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| not covered by dealer-based values, such
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| | really large price tag attached to it.
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| as your own preference and the demand for
| |
| | 4. Rarity is a Plus
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| that car. Nonetheless, market values from
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| | Classic Dodge Chargers may be valued
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| dealers are still a good marker.
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| | highly, but Chargers with a Hemi engine
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| 2. Check the Condition of the Car
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| | is a gold mine. This is because Hemi
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| The condition of the car is usually the
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| | engine-equipped Chargers were made in
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| biggest determinant of its value. Most
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| | very limited numbers. If you have one in
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| classic car enthusiasts use a five-point
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| | your old man's garage, you may want to
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| rating system, as follows:
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| | reconsider that engine change.
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| Excellent: A car in perfect and near-mint
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| | 5. Original Options are a Plus
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| condition, usually drivable.
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| | Turbo and superchargers might increase a
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| Very Good: A car with some very minor
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| | muscle car's values, given that they are
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| scratches or engine and mechanism faults,
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| | original parts. Because the '61 Bullet
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| but is still almost perfect and drivable.
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| | T-bird is used as a pace car for
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| Good: A car with some very repairable
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| | Indianapolis 500, it has some original
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| damages, but still needs little effort to
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| | era modifications which increase its
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| restore and is still drivable.
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| | value.
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| Fair: A car that needs a lot of
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| | Remember, when buying or selling classic
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| restoration work, with signs of abuse
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| | cars, consider the condition, the
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| such as dents, scratches, and rust. If a
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| | originality, rarity, and the added
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| car is not drivable because of engine,
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| | options. Put this side by side with the
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| brake, or other mechanical failures, but
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| | market value from dealers, and adjust as
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| has a solid exterior look, it will fall
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| | needed.
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| in this category.
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