If you own a classic car and are looking to trade or sell one for the first time, you must have many questions. Read our selling and antique car guide to find out more.
Selling an antique car is a different ball game than selling your average vehicle, although the basic steps are the same, you need to know where to go for its valuation, where to list it and ensure you earn a profit. Social media is a blessing because almost all significant mediums have online forums for antique car lovers. You can simply join the one you like the best and discuss your car and its details and the best way to sell the antique car. However, a word of caution because not everyone posing as an antique car lover or dealer is authentic, and there are many frauds and nightmare stories of people being scammed during deals.
The antique car market usually moves about a bit, but there is a healthy market for older cars, and market values are good, even if they are not as high as previously. As a seller, you can set your price based on other options, but remember that asking prices are not always realized. No matter how much an antique car costs or how much you want, that same car is only worth what a prospective buyer is willing to pay for it. Don't go for selling a car without getting an idea of its estimated value. Before you list an antique car online, you must get an estimate of its market worth. This can be done by checking out online forums and dealer sites to see what is available and for what prices. You can check out the listings on Exotic Car Trader to see the market value of a wide variety of antique cars. Doing some research will help guarantee that you are not selling the car for less than its market value because you could cheat yourself out of a significant amount of money.
Several options are available for selling an antique car, but every option comes with a set of pros and cons. You need to decide which suits you best. There are several routes you can take. These include private sales through internet forums, selling to a specialist dealership or garage, and selling through auctions.
Many experienced antique car collectors swear by this method. This is the most financially viable option because you can get a value closest to the market value of your car. As a private seller, you must pick the promising sites to list your antique car online. This can be an online auction site, special groups on social media, classic car shows, online through classified antique car sale websites and even classified ads in print media. Check out this listing to learn the best places to sell your antique car online.
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Selling your antique car to a classic car dealer is an excellent option to ensure a somewhat easier sale if you are lucky and your car has an active buyer marker. Specialist dealers usually have an extensive list of contacts and customers who may be interested in your car.
Pros: This is a quick way to sell your car, especially if you don't have time (or patience) to deal with time-wasters or urgently need to make a sale.
Cons: Some dealers have specific criteria for the cars they work with and may not accept your car. They also need to ensure they make a profit from reselling your vehicle, so they would not offer you market-competitive rates.
An antique car auction is an event that car lovers should visit at least once. They are an experience in themselves. You can see timeless, fantastic cars and a crowd of car lovers. For sellers, auctions can be very unpredictable. It is quite possible that no one attending the auction is interested in buying your car. Your car may go cheap, and you make less money than expected. While you can set an auction reserve price, your time and effort will be wasted if it is not met. Secondly, you will need to reenter your car or negotiate with the successful bidder.
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There are two main types of buyers in the antique car market. One is the actual car lover who wants to get a car to drive as well as to play about with its engine and interior. The second buyer is buying such vehicles as an investment. The first category buyer is pretty typical as classic car dealers, car museums, and car collectors are usually looking for their dream cars to add to their collections. The car needs to be well advertised to attract either buyer, with attractive and detailed photographs, especially if you opt for private sales. This means that you take high-definition and clear pictures of your car. These should ideally show the car's interior, exterior, engine, and undercarriage. In case of any rust spots or damage, you also need to give close-ups and long shots to show its effect. Owning a classic car is an incredible experience but has its challenges. It is expensive to maintain an older car. If you are buying it for investment purposes, you will still need to give it the basic annual checks and maintenance to ensure it remains running. Regardless of what purpose you are buying or selling a classic car for, Exotic Car Trader is the best choice for you as we offer all the convenience of selling to a dealership, with the benefits of private selling. You get to list antique cars online on every automotive marketplace in one place. Check out our extensive vintage and classic car listings to see how many car sellers trust us to handle their sales.
There are many ways to sell antique cars, and thanks to the internet, you can find an exponentially larger audience around the world than you ever could before. The most common option for selling your antique car online is through auctions and online car forums, while some people go for the more traditional options like private selling through one of the big listing sites. This means you go to each site, register, complete the simple verification process, and list your car. This is why it makes sense to opt for Exotic Car Trader, where you can get single-window access to all the online forums through our comprehensive platform. Our team is experienced in handling all buyer inquiries as well as handling the dreaded tire kickers.
Here's the step-wise process:
We have sold thousands of classic and antique cars, and if you need any guidance, feel free to get in touch or check out our multiple car listings. Ready to sell or exchange your antique love? Contact us today for a personalized sales plan designed according to your classic car and its market rate.
Exotic Car Trader is the fastest growing marketplace built specifically for automotive enthusiasts. Click below to learn how you can sell your car with us.
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