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…

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…

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…

Questions to Ask Before Hiring a Vehicle Appraiser

Making sure your vehicle appraiser knows your vehicle type, is certified under USPAP standards and can provide the correct type of vehicle appraisal you need is key to getting what you need. Here are some questions to ask before hiring a vehicle appraisal to make sure you choose the right one. So you have found that vehicle that you have been hunting for, it fits your budget, it looks like a solid vehicle right?  Great!  Now the real question is… How much is it really worth. If you are financing a classic car or antique vehicle or even a motorhome … Keep reading…

Test Drive Technologies Announces a Shift Into the Vehicle Appraisal Market

The team here at Test Drive Technologies is very excited to move into the vehicle appraisal business.  For over the past 6 years we have worked very hard at inspecting vehicles for our clients and many of those clients have asked us about valuing their vehicles.  Today we are happy to announce we will be answering those same questions with “YES WE CAN”.    As of June 1st 2016 Test Drive Technologies has become a Certified Vehicle Appraisal Company by the The American Society of Certified Auto Appraisers and following The Uniform Standards of Professional Appraisal Practice (USPAP).  Much like doctors and lawyers must follow … Keep reading…