For vintage auto lovers hoping to calculate the value of their current or future asset, sourcing Brisbane classic car valuations is often easier said than done.
While Queensland is well known for our favourable climate and natural wonders, we’re also home to a pretty sizeable group of car lovers, and genres of choice span from American muscle, to head turning hotrods and even timeless Aussie panel vans. However, the most prized vehicles are often considered to be classic cars.
While the appeal of classic cars often varies depending on who you talk to, it’s no secret that classic car enthusiasts all speak the same language and share the same passion for the vehicles of a bygone era. Aside from the aesthetics, owning a classic car is also a smart investment strategy that’s on the rise.
In fact, a recent study conducted by Money Mag found that investing in cars is an asset class that has quietly risen 467% in just ten short years. As many have seen, vehicles can double in value in as little as twelve months. However, just because a car is old doesn’t mean that it’s worth a small fortune, which is why it’s important to conduct a classic car valuation before making a purchase.
What Information Do Classic Car Valuations Cover
Traditional car valuation refers to the market value of a new or used vehicle. The value of a new vehicle typically declines immediately following purchase. As a general rule, the value will then continue to decline annually based on a number of factors like age, mileage, its condition, and wear and tear.
In contrast, classic car valuations have many more numbers to crunch to determine the final figure. Data is usually sourced from a variety of avenues, including dealer transactions, car depreciation costs, and consumer information. The appraised value is based on factors such as the car’s year, make, model, trim, mileage, depreciation and features.
Instead of making decisions based on guesswork, classic car valuations can give both buyers and sellers all the information that they need to make smart financial choices, while still allowing room for their shared love of classic cars.
In addition, classic car valuations are often required by many industries that an investor might need to utilise. Examples of these include finance professionals, insurance providers and even lawyers, who often have perfectly legitimate reasons for needing to know the true value of your automotive assets.
As a starting point, many classic car lovers often turn to online classified sites such as CarSales and Drive to conduct a wide variety of research, such as cars listed for sale, where they’re located, and an approximate price guide. While these sites also offer free car market valuation services, be warned – they’re only an estimate.
For those on the hunt for an alternative, a desktop valuation is an automated computer valuation conducted using recent automotive data, recent comparable sales and other similar listings. As the name suggests, the valuation of the classic car can be estimated from a desk, without needing a valuer to physically visit the vehicle in question.
If you’re serious about classic car valuation, it’s worth enlisting the services of a professional car valuator. Not only are they experts in their field, but they can provide you with invaluable information that may influence your decision to buy or sell – but where do you find one?
Sourcing Brisbane Classic Car Valuations
Finding a fellow vintage auto enthusiast can feel a bit like finding a needle in a haystack, but rest assured that Wayne’s Garage understands the thrill more than most. Having spent forty years collecting anything and everything from matchbox cars to hub caps, he’s successfully followed his passion to source, collect and stock beautiful and low mileage classic automobiles from around the world.
Wayne’s Garage is a showroom conveniently located at Seventeen Mile Rocks, that specialises in the restoration and sales of vintage automobiles. Today, Wayne now conducts Brisbane classic car valuations for those who are serious about their automotive assets. If you would like to arrange a viewing or inspect any other of our classic vehicles, please get in touch with us today.