| Collector cars are passenger vehicles that are | | | | Cars that have spent their lives in dry climates |
| twenty-five years old or older. They are good | | | | such as the American Southwest are often found |
| cruising cars and are particularly well-suited for a | | | | as original examples with little rust. These cars are |
| summer jaunts. Collector cars are simply those | | | | relatively liquid in that there is a strong |
| cars deemed by their owners as classic, as having | | | | international sales market, and if the market is |
| sentimental value, or are worth a lot more money | | | | better in another country or on another continent, |
| than the average late-model car. Collector cars | | | | the car can be moved, unlike real estate for |
| are stolen from time to time, but they tend to be | | | | example. Classic cars that have been restored in |
| harder to resell and the parts are often more | | | | most details or are well maintained and preserved |
| difficult to market; because of this, theft | | | | appeal to any observer, not just the enthusiast. |
| insurance is lower than for regular cars. Because | | | | These older cars pollute much more than newer |
| collector cars are driven less often and their | | | | cars, but most owners do not worry about that. |
| owners take great care when driving and storing | | | | People have a reason to buy cars, whether it is |
| them, the classic car insurance rates are less than | | | | for the enjoyment of participating in the many |
| a standard auto policy. These cars are typically | | | | events, such as rallies, races, shows or club |
| maintained for use in car club activities, exhibitions, | | | | get-togethers, or just for the pride of owning a |
| parades, or private collections, and are driven with | | | | beautiful piece of automotive history. |
| less frequency than everyday vehicles. Most | | | | Value of Collector Cars |
| collector cars are one-of-a-kind - they have their | | | | Collector cars have value, but how is that value |
| own personalities, their own degrees of | | | | determined in a changing market? There are |
| restoration. Most buyers of collector cars are | | | | some accepted standard methods of arriving at |
| investors in other fields, and collector cars offer | | | | the value of any car, collectible or otherwise. |
| many benefits not found in other investments. | | | | There are many resource guides and pricing |
| Many people feel collector cars are great | | | | books available that can provide value guidelines |
| investments even though they are consistently | | | | based upon the overall condition of the vehicle. |
| fluctuating in value; they are always being bought | | | | Some people just get value owning the car and |
| and sold just like stocks by investors, so they are | | | | enjoying it. To these people, if the car goes up in |
| easy to make liquid. They are not a safe | | | | value, fine; if not, fine. Many collector car owners |
| investment but, like most collectibles, can be | | | | get a special kind of theft insurance called Agreed |
| lucrative at times. | | | | Value insurance. With an Agreed Value collector |
| Collector Cars to Get | | | | car policy, you are assured of receiving the full |
| Cars of the fifties, particularly sports racing cars | | | | face value of the policy if you suffer a total loss. |
| that can be used for transportation, may well | | | | This pays the full-insured amount in the event of |
| represent the best period to collect. The '50s and | | | | a total loss and reflects the insured value of the |
| '60s were a time when we all went to sock hops | | | | car. |
| and cruised in fabulous hot rods and classic cars. | | | | |