What Adds Value to a Classic Car or Collector Car?

Why I wrote this article about classic cars So, I get this question a lot from clients when they are about to purchase a classic car or collector car and we are going through their valuation. “What adds value to a classic or collector car?”  I figured it would be a great to share my wisdom and advice on the topic. Value adds value.  Yep, that’s right.  Value is taking in many forms. Monetary doesn’t always mean value.  Value can also be defined as craftsmanship, quality, and creativity. First impressions of a collector car A quality paint job goes a … Keep reading…

What Should a Good Classic, Collector or Antique Car Appraisal Contain?

What Should a Good Classic, Collector or Antique Car Appraisal Contain?

Regulation & Licensing – To date, there is no regulation on vehicle appraisers. This is both good and bad for the industry.  The good part of this lack of regulation is that it provides many different viewpoints on vehicles and formats in which the appraisals are provided. The downfall of the lack of regulation is the simple fact that not all appraisers use the same information, sources and required information in their reports.  Although Uncle Sam does not regulate and force automobile appraisers to become certified or licensed there are several institutions which provide some “suggested ground rules” or “standards”.  One … Keep reading…

TDT Heads to Branson to Inspect Ducks

Yes.  You read that right. We recently made a trip to Branson, Mo to inspect the DUKW vehicles at the Ride The Ducks attraction as part of an initiative to ensure they are up to Federal and Missouri Department of Transportation standards.  We made some interesting discoveries during our visit and was able to help point out a few areas that may be of concern but overall the DUKW’s or Ducks as they are referred to are in good shape and road worthy. Our trip was fun, hard work and rewarding as well as educational.  The group of builders and … Keep reading…

Why You Should Absolutely Have Your Collector Car Appraised Before Storage or Consignment

Many car collectors and classic car owners store their vehicles at consignment dealers across the nation when they are trying to sell them or store them.  Recently the Midwest lost 100’s of old classic cars and antique vehicles to a very large fire at Staunton’s Country Classic Cars. Local media reports state that a large metal building attached to the workshop was destroyed by a large explosion and fire.  This fire consumed many classic, collector and antique automobiles. Most of these vehicles were stored on consignment with Country Classic Cars who sells classic and collector cars on consignment as well … Keep reading…

Why Our Appraisals Are Closer in True Market Value

Why Our Appraisals Are Closer in True Market Value

Why Auto Appraisals Fluctuate in Value You can contact 100 different auto appraisers and likely get 100 different values on a vehicle and they will vary by about 5%.  There are many reasons as to why this happens but the main reason it happens is that each time a vehicle is appraised it is “judged” and “graded” by the appraiser.  Each appraiser has had different experiences over time, they have all seen different amounts of work, some have more knowledge in one category or another.  The one thing you likely will never see or receive is an actual matrix showing … Keep reading…

Collector Car Appraisals – What You Need to Know

Collector Car Appraisals – What You Need to Know

What Effects Collector Car Market Values Each year the market fluctuates, the value of the dollar goes up and down as well as the stock market. This is not an article about the stock market or economics so I will leave that for the financial advisors to discuss with you. However, as the market fluctuates so does the value of the dollar sometimes it is stronger and sometimes it is weaker thus being a major contributor to the value change in your vehicle or the ability for you to replace it with a vehicle in similar condition. Another big factor … Keep reading…

The Differences of Replacement Value and Market Value Appraisals

The Differences of Replacement Value and Market Value Appraisals

If you have been looking into having a vehicle appraised then you will likely have found there are several different types of appraisals for automobiles.  The majority of our clients need a replacement value appraisal or a market value appraisal.    It is actually your appraiser’s responsibility to let you know which type your needs requires but to sum it all up for you the Appraisers Association has said it well. MARKET VALUE (MV): This value is the most probable price at which a property would sell in a competitive and open marketplace where the sale needs to be consummated … Keep reading…

Test Drive Technologies Named Veteran Owned Business of 2017

Test Drive Technologies Named Veteran Owned Business of 2017

Test Drive Technologies receives Veteran Owned Business Award of 2017 by Small Business Week of Southwestern Illinois Fairview Heights, Illinois: A veteran owned vehicle inspection company based in St Rose Illinois, Test Drive Technologies (TDT) was recently awarded the Veteran Owned Small Business Award from the Small Business Week of Southwestern Illinois. Test Drive Technologies continued success in the vehicle inspection services business stems from outstanding customer service and open communication with clients. TDT continues to hold a 5 Star rating in Yelp, A+ rating with the Better Business Bureau and a 4.7 Star rating on Google.  “We strive very … Keep reading…

Total Loss from Hail Damage in St Louis

It’s now doubt about it that recently a lot of vehicle owners have incurred a lot of hail damage on their vehicles and their homes.  If you were one of these unfortunate recipients my heart go out to you, there’s nothing worse than feeling like you were a lying victim to Mother Nature.  Hopefully, you and your family are safe and nobody was injured, but now it is time to pick up the pieces and see what damage has really been done. Many of the major insurance companies will likely be setting up hail damage claim centers where you can … Keep reading…

Questions to Ask Before Hiring a Vehicle Inspector or Appraiser

Be sure to ask your vehicle inspector or appraiser these questions before you hire them for your inspection or appraisal needs. Check for credentials – Ask them about what certifications they may have such as ASE, ICAR, and Appraisal Certification.  They should readily be able to answer this question about themselves and also provide you with an certificate.  At TDT your vehicle will be inspected and appraised by Steven Paul the owner of Test Drive Technologies. He has over 20 years of repair and vehicle inspection experience in both the automotive and HD equipment industries as well as past ASE … Keep reading…