How Should You Prepare for an Appraisal?

 

1.       Have the ownership available so that  the Vehicle Identification Number (VIN) on the ownership can be checked against the one on the car.

2.       Make sure the car is clean and vacuum  if necessary.

3.       Remove everything  from the back seat and trunk.

4.       Make sure the car starts and runs (if it does) for a few seconds. The car can’t be appraised for full value if the engine doesn’t run.

5.       Have all paperwork available that would assist the appraiser, such as custom modifications, special tires, model numbers of stereo systems, etc.

What We Look For When Appraising
Your Vehicle?

 

1.       The mechanicals, electrical, exhaust and brake condition of your vehicle  are checked.

2.       If there has been extensive engine work done or there is anything unique about the car, detailed information should be provided to be included in the appraisal.

3.       Please provide detailed information for any upgrades, special features or accessories (i.e. air conditioning, power steering, stereo, etc.). 

4.       The paint is inspected to see if there are any flaws worth noting.

5.       The body is checked for any rust, dents or noticeable bodywork done to the vehicle.

6.       The condition of all glass, chrome, trim and wheels is noted.

7.       The interior is inspected for  wear and cleanliness.

How We Determine a Value for Your Vehicle?

 

1.       The type of car — for example, a 1963 Corvette (worth around $60,000 +) or an 1981 Camaro (worth about $6,000).

2.       How much you have invested in the car and what kind of upgrades/ restoration have you done to it.

3.       The overall condition of the car.  Is it a #1 “Trailer Queen” or a #6 “Parts Car”?

4.       The  industry resource books and websites are checked which give guidelines as to the approximate value of your vehicle, depending on the condition it is in.

5.        Most car owners have a good idea as to the value of their vehicle.  The appraiser will discuss it with you and, based on our findings, we come up with an agreed-upon value that will be the “appraised” value of your car.

Please remember:
This is for insurance/ replacement purposes only and is not necessarily the value at which you can sell the car.

Low Cost Antique Vehicle Insurance
- Restrictions

 

What Can’t I Use My Car For?

1.       Driving the car  to and from work,

2.       Driving the car on weekly shopping trips to the mall (it’s a dangerous place for cars!),

3.       Driving your car for business purposes.

4.       Driving the car for extended vacations
(you can get extra vacation coverage if you call the insurance company in advance).


What Can I Use My Car For?

1.       Anything to do with the hobby or any collector car activities, which includes pleasure drives.

2.       You can drive to car shows or be in a parade, and you are not required to be with your vehicle all the time.

3.       There are no mileage limitations.

4.       Drivers need to have a minimum of 10 years’ driving experience.

 

Antique Vehicle Appraisals

Frequently Asked Questions

9-334 Queen Street S.

Suite 204

Bolton, Ontario

Canada  L7E 2N9

Phone: 905-584-6789

Click here to Email Us