| Collector cars are passenger vehicles that are | | | | rods and classic cars. Cars that have spent their lives |
| twenty-five years old or older. They are good | | | | in dry climates such as the American Southwest are |
| cruising cars and are particularly well-suited for a | | | | often found as original examples with little rust. |
| summer jaunts. Collector cars are simply those cars | | | | These cars are relatively liquid in that there is a |
| deemed by their owners as classic, as having | | | | strong international sales market, and if the market is |
| sentimental value, or are worth a lot more money | | | | better in another country or on another continent, |
| than the average late-model car. Collector cars are | | | | the car can be moved, unlike real estate for example. |
| stolen from time to time, but they tend to be harder | | | | Classic cars that have been restored in most details |
| to resell and the parts are often more difficult to | | | | or are well maintained and preserved appeal to any |
| market; because of this, theft insurance is lower than | | | | observer, not just the enthusiast. These older cars |
| for regular cars. Because collector cars are driven less | | | | pollute much more than newer cars, but most |
| often and their owners take great care when driving | | | | owners do not worry about that. People have a |
| and storing them, the classic car insurance rates are | | | | reason to buy cars, whether it is for the enjoyment |
| less than a standard auto policy. These cars are | | | | of participating in the many events, such as rallies, |
| typically maintained for use in car club activities, | | | | races, shows or club get-togethers, or just for the |
| exhibitions, parades, or private collections, and are | | | | pride of owning a beautiful piece of automotive |
| driven with less frequency than everyday vehicles. | | | | history. Value of Collector Cars Collector cars have |
| Most collector cars are one-of-a-kind - they have | | | | value, but how is that value determined in a changing |
| their own personalities, their own degrees of | | | | market? There are some accepted standard |
| restoration. Most buyers of collector cars are | | | | methods of arriving at the value of any car, |
| investors in other fields, and collector cars offer | | | | collectible or otherwise. There are many resource |
| many benefits not found in other investments. Many | | | | guides and pricing books available that can provide |
| people feel collector cars are great investments even | | | | value guidelines based upon the overall condition of |
| though they are consistently fluctuating in value; they | | | | the vehicle. Some people just get value owning the |
| are always being bought and sold just like stocks by | | | | car and enjoying it. To these people, if the car goes |
| investors, so they are easy to make liquid. They are | | | | up in value, fine; if not, fine. Many collector car |
| not a safe investment but, like most collectibles, can | | | | owners get a special kind of theft insurance called |
| be lucrative at times. Collector Cars to Get Cars of | | | | Agreed Value insurance. With an Agreed Value |
| the fifties, particularly sports racing cars that can be | | | | collector car policy, you are assured of receiving the |
| used for transportation, may well represent the best | | | | full face value of the policy if you suffer a total loss. |
| period to collect. The '50s and '60s were a time when | | | | This pays the full-insured amount in the event of a |
| we all went to sock hops and cruised in fabulous hot | | | | total loss and reflects the insured value of the car. |