how do you value a car, when there are not many around
Discussion
Hi. I'm thinking about selling my restored volvo 142. It is one of only 2 on the road in the UK and one of only 2 that are known, which are rhd. Due to this I have no idea what the car is worth. I know that amazon volvos are increasing in price and therefore this can have a knock on effect, however, any ideas on how to price it?
Thanks
Thanks
Thats a diificult question, even rarity doesnt allways raise the value. In years gone bye classics were ussally the more exotic high end cars where as now anything over 25 years old becomes classic, not a bad thing but it means some owners think that doubles triples etc the value of once everday cars. A look on ebay classic cars will show the totally unrealistic prices being asked for some cars and that is the point, being asked, check a few months later and find there all still there because there arent that many gullible buyers.
markymark93 said:
Hi. I'm thinking about selling my restored volvo 142. It is one of only 2 on the road in the UK and one of only 2 that are known, which are rhd. Due to this I have no idea what the car is worth. I know that amazon volvos are increasing in price and therefore this can have a knock on effect, however, any ideas on how to price it?
Thanks
In effect, the market sets the price for this.Thanks
I would put it to an auction (Ebay or similar) and promote it (either yourself, or via others) as much as possible in all of the online classic car communities. By getting as much exposure as possible, you are maximising the final price.
Unless you are desperate for a sale I'd be tempted to advertise it and be prepared to wait. Quirky houses seem to take an age to sell and then someone comes along and it's just what they are looking for. I had my car, not a classic by any stretch, on PH for 5 months with no response. Then in November I had 3 enquiries in the same week and one guy travelled over 100 miles and bought it.
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