Classic Cars

May 27th, 2010

When you are buying a classic car there is a good possibility that you are going to be making a huge investment, either on the front end with the purchase or on the back end with the restoration.  You need to make sure you ask certain questions when you are buying the car in order to get the most for your money, protect yourself, and protect the investment you are about to make.

Make sure to ask several very specific questions about the car’s history:

• How many owners has the car had over its lifetime?
• What state is the vehicle currently registered in?
• Are there any current liens against the vehicle?
• Has the vehicle ever been stolen?
• Has the vehicle ever been in an accident?  If so, what was the damage?  How was it repaired?  When did the accident occur?
• Has the vehicle ever experienced water or flood damage?

Next make sure you get an appraiser.  If you have found a vehicle that you have your eye on, make sure it is checked over head to toe by both the appraiser and a mechanic that specializes in classic cars.  This step can help save you thousands later on and can prevent against any “surprises” that may surface in the future.