The Top 5 Reasons Classic Car Buyers Walk Away

Tips for Selling a Classic CarIf you are preparing to sell your classic or antique car, you should prepare yourself and your car for the process! Whether you are selling the vehicle yourself or selling it at auction, there are some common mistakes that you will want to avoid that can prevent classic car buyers from walking away.

The advertising misrepresents the car. Be honest about your classic car when you advertise. It can be tempting to create an ad that makes your car look even better than it does in person, but this can be frustrating for an antique car buyer. Make sure the ad includes all information about the make and model of the vehicle, and don’t boast about its condition unless you are sure that your classic car is worthy of the praise. Having an appraisal performed before selling an antique car can help you to accurately describe the vehicle for buyers so that they are not disappointed when they see the car in person.

Selling your Classic CarThe car is overpriced. Do your research and make sure you know what price similar classic cars are demanding. This is another reason that having a fully documented appraisal can be extremely useful when selling your classic car. A certified appraisal agent can not only provide insight into what constitutes a reasonable price for both buyer and seller, but your fully documented classic car appraisal is a concrete way to justify the price you are asking.

The origin of the vehicle is unclear. Classic and antique vehicles are collected for a wide variety of reasons, and buyers of classic cars are most often very interested in the origin of the car. Be sure to have all documentation ready so that you can inform a buyer about where you obtained the vehicle, how it was maintained, any repairs that may have been done, and whether or not it has been restored. If you don’t have the title, make sure you have clear and accurate documentation to prove that the vehicle belongs to you and can be transferred legally. Registration or a sales receipt is usually sufficient.

The car displays mechanical issues. If your classic car is a hobby car, you may not drive it much and may not be aware of mechanical issues or may not have repaired them. Nothing is more disappointing to a potential buyer than the realization that the classic car they came to purchase isn’t in good working condition and requires costly repairs to be road-worthy. As mentioned previously, be sure to advertise the vehicle properly if it is not currently road-ready and requires repairs. If you choose to have the car repaired before the sale, be sure to keep records of what repairs were done, by whom, and what parts were used in the repairs.

Buying a Classic CarThe restoration of the vehicle was done improperly. Classic car restoration is an art, and classic car collectors will want to know if the car was restored when the work was done and by whom, and what parts, paint, or other materials were used as part of the restoration. Good records and documentation are a must for anyone selling a classic car – without them, it can be difficult if not impossible to prove that the car was restored properly. If you are not sure whether your antique car has been restored or if the restoration was done correctly, a certified auto appraisal can help.

If you are preparing to sell a vehicle, a vehicle appraisal from AAG can help make the process easier and more successful! We can provide a range for the vehicle’s worth and can give you a solid idea of what constitutes a fair price. Our comprehensive documentation offers you the confidence that your vehicle is priced properly and that all details are accurate and well-represented.

Call us today to have your classic car appraised and sell your antique vehicle with confidence!

How to Sell a Vehicle at Auction

how to sell car at auctionSelling your car can be a difficult and often disappointing process, fraught with tough choices and pitfalls. You could trade it in at a dealership as part of a new vehicle purchase, but it’s unlikely that you’ll receive full value on your trade-in deal. Selling directly can be a costly mixture of advertising and showing the vehicle to potential buyers with no guarantee of a sale. Obstacles like these make selling a vehicle at auction a viable alternative.

Auctions provide many benefits to sellers. The entire process can be completed in as little as an afternoon, and a good auction will expose your vehicle to dozens of interested, serious buyers. Selling at auction can be effective but there are still things you’ll want to know to get the best sale price:

how to sell vehicle at auctionSet a reserve price. Without a reserve price, there is a chance that your vehicle could literally be given away. Your reserve price is the lowest amount you would be willing to accept to sell the vehicle. This figure will require you to know what your vehicle is worth: do your research to make sure that your make, model, and condition justify the amount you are hoping to receive. You will benefit from a professional appraisal to determine value, especially if you are selling an antique or restored car.

Choose the right venue. Different cars benefit from different types of auctions. If your car isn’t exactly in mint condition, you may want to opt for a live auction. Live auctions are often frequented by scrap dealers and restoration hobbyists who may be willing to buy a vehicle in questionable condition in order to find parts. On the other hand, if your car is in very good condition, internet auctions are a wonderful way to attract bidders all over the country (and even the world). The internet can make it much easier to get your asking price, but internet buyers also usually expect the car to be in good working condition. Be prepared to produce appraisals, maintenance records, and repair or restoration history.

Be honest and thorough about your car’s condition. Take lots of pictures of your car and document the condition of your car thoroughly. Pictures should show the car inside and out, and it’s a good idea to take a picture of your odometer as well. Attempts to hide damage and the refusal to answer questions can make bidders suspicious. Auction buyers don’t always expect a car to be in showroom condition, but they may see a lack of photos as a sign that the car is not in good shape. A well-documented appraisal is very useful when selling antique and vintage vehicles, whether the auction is online or live. Antique buyers will want to know what restoration has been performed, who completed the work, when it was completed, and what type of parts were used. Also, keep a good record of how well the vehicle has been maintained. The documentation provided by a certified appraisal can be extremely valuable to both seller and buyer.

Auctions are a great way to sell your car for what it’s worth without spending a lot of time and effort. You are almost guaranteed to sell your car at auction while selling directly promises no reward. If you think an auction might be right for you, get a certified auto appraisal so that you can provide documentation of the vehicle’s worth, set the right reserve price, and sell your car for the most money you can expect. Want to get started? Contact AAG today to find out how an appraisal can save you money!