My favorite resource when it comes to this kind of research is Kelly Blue Book on-line. They have break down of the different grades of cars based on overall body condition, options that may be available with that particular car, and the region that you are looking in. All these factors are important so don’t ignore any of them. If you have a lot of time on your hands you can even research other regional values for the same car and import them from other states, given its cost effective.
Determine Your Need: Every spare part is made for a specific make and model of a BMW, Mercedes, Toyota, etc. It may not be compatible with another make or model. Therefore, wherever you will be buying your auto parts, be specific with your order. Let the dealer know that you need x part for y vehicle of make a and model m. Failure to do this may cause you to regret later on. Once you have defined what you need, we move onto the net stage.
Traditionally, salvage companies offer you $ 200 or less for your car and even tow it from your house to the yard. However, if you feel the car has mint parts, you can evaluate them by asking a mechanic or a car buff for guidance. Further, you can check out the online NADA guide which gives you details of a cars worth based on its make, model and manufacture year etc.
Never offer to Donate your car unless you are doing it for moral purposes. Before 2005 The IRS was writing out deductions like nothing. Until they realize that they where losing Millions in revenue. Nowadays, to receive a deduction on a vehicle donation the value must exceed, but not including, $5,000. What does this mean? If you donate your car and they give you $5001.00, then your deduction is only $1.00. You are batter off taking it to a 1994 ford ranger and getting $50 bucks for it.
Most collectors who could afford buying the real deal do not really drive the classic cars that they buy. They just display these cars for the entire world to see. Of course, this is very understandable considering how expensive these cars are. They are surely not meant to be driven around as they are very prone to unforeseen accidents. Now, if these cars are just meant to be displayed, just for the eyes to consume, then versions of these cars as antique toy pedal cars would already suffice. This means that even if you do not have much money, you can still have your own collection of these classic cars that you could boast to your friends.
Classic cars can also be used to invest money. You can buy a vintage vehicle now and then sell it at a higher rate later in the market. Hold the vehicle as long as you can and see the price of the automobile go up gradually. You will make plenty of profit by selling such old cars. You also need to have good patience while selling such cars. Don’t be disappointed if people don’t show up when you first put the advertisement in the local newspaper or online classifieds. There is a lot of interest for such cars and hence there will be plenty of buyers for it. You can also make good money by selling old parts in the market. There is a plenty of demand for it too.
The solution to this problem might be surprising at first, but it makes sense when you look at the numbers. eBay has tens of thousands of cars for sale at any given time, both in the auction and “buy it now” formats. While relatively few of these cars are wrecked or salvage cars, the sheer numbers involved make it certain that there will always be a nice supply of this kind of car. You can narrow your search in terms of finding the model, make and year that you are interested in. You can search through the cars to find one that is reasonably close to your present location. You can even take a look at different models and you might change your mind when it comes to selecting a car to buy.
