The price of his­tory

Classic Car Weekly (UK) - - This Week -

New re­search sug­gests that a car lack­ing in his­tory or pa­per­work could lose at least 15 per cent – and as much as 40 per cent – of its value.

The study con­ducted by spe­cial­ist com­pany, De Bow­ers Mo­tor Files re­veals that a lack of his­tory or pa­per­work can re­duce the price of a clas­sic car by be­tween an es­ti­mated 30-40 per cent, and that of a high end col­lectable car by as much as 10-15 per cent.

Paul Camp­bell, of Manor Clas­sic Cars in North York­shire, says: ‘As­sum­ing that there is a de­cent amount of in­voices, re­ceipts, and build records, the col­la­tion of that car’s his­tory in a neat and for­mat­ted man­ner could eas­ily in­crease the value of a car.’

De Bow­ers Mo­tor Files man­ag­ing di­rec­tor, Kim De Bow­ers adds: ‘Make copies of le­gal doc­u­ments in case of fire, or other loss and keep your own notes on the car with re­gard to any event that the car has ex­pe­ri­enced.’

How­ever, CCW’s mar­kets edi­tor Richard Bar­nett says: ‘Los­ing 30-40 per cent sounds quite high to me. When it comes to cheaper clas­sic cars, surely it’s more likely that peo­ple will buy on what they can see of the car, rather than what’s in the his­tory file?’ ❚ www.de­bow­ers.co.uk

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