Find out what your clas­sic’s re­ally worth

Classic Car Weekly (UK) - - News -

A new on­line tool to help you work out what your clas­sic is worth has been launched by our sis­ter web­site, clas­s­ic­cars­for­

The new val­u­a­tion tool uses data pro­vided by clas­sic car in­sur­ance spe­cial­ist Hagerty In­ter­na­tional to pro­vide cur­rent val­ues based on data gath­ered from auc­tion re­sults, dealer prices and pri­vate sales. It also draws on data from clas­sic car web­sites to keep es­ti­mates up to date.

Clas­sic Cars for Sale says that not only is the tool use­ful for mak­ing sure you’re not pay­ing over the odds for your next clas­sic or sell­ing it for too lit­tle, it’s also use­ful for keep­ing track of your car’s value to make sure it’s ad­e­quately in­sured.

Last Au­gust, in­sur­ance spe­cial­ists said as many as 70% of clas­sic own­ers may be un­der­in­sur­ing their cars due to their val­ues ris­ing in a strong mar­ket, with 1970s and 1980s cars par­tic­u­larly af­fected.

‘An in­stant val­u­a­tion tool is a use­ful ad­di­tion to the grow­ing CCfS web­site,’ says Keith Adams, CCW editor. ‘As al­ways, though, we ap­pre­ci­ate feed­back and sug­ges­tions for cars to add to the list.’


Newspapers in English

Newspapers from UK

© PressReader. All rights reserved.