This is the time of year when the lines for returns are notoriously long. From dads returning ties that they will never wear to wives exchanging sweaters for the right color, the first few days after Christmas area often as busy as Black Friday. Mistakes are pretty inconsequential on purchases as small as sweaters and ties, but there are other types of purchases where an error can be costly. If, for instance, you are a car enthusiast who is in the habit of purchasing a dream roadster from across the country it is important that you understand what you are purchasing. One mistake can cost thousands of dollars and turn a bad purchase into a financial disaster. For this reason, classic car pre purchase inspections are important.
Typically, people think of vehicle inspections as a necessary process that allows you to get a car licensed in some states like California, but if you are someone who likes to purchase expensive classic cars, these classic car pre purchase inspections serve as a protection of your investments. Classic car inspections, in fact, are so important that the wisest investors would never consider a purchase without one.
Classic Car Appraisals Can Help You Protect Your Investment
Not surprising, nearly 90% of collector car sales are online via a dealer’s website. This means that the buyer is most likely hundreds, if not thousands, of miles away. Pre purchase car inspections allow buyers to truly enjoy the purchase of a classic car. Consider some of these facts and figures about the automotive market and the impact that it has on the economy of the nation:
- How do I know when to call an employment lawyer?
- Up from 8 million in 2002, the number of vehicles on the road today that are at least 25 years old is about 14 million.
- The typical car on the road in America is a record-high 11.5 years old, according to a new IHS Automotive survey.
- With the top 201 vehicles selling above $1 million each, yearly classic car sales in auctions amounted to $1.2 billion globally.
- 60% of car buyers use mobile devices like phones and iPads when shopping collector cars.
- The global automotive aftermarket industry is expected to reach $722.8 billion by the year 2020.
The days after Christmas might be full of people returning and exchanging gifts that were not quite right, but no car collector wants to ever be in a position where they have made a poor purchase decision. For this reason, there are a number of top buyers who rely on the information provided by a classic car pre purchase inspection.