If you are selling, buying, gifting or donating a vehicle in Maryland, the transaction can be confusing. Once you’re done here, I’d highly recommend reading my Used Car Values guide to learn to figure a dealers used car cost. The best way to calculate collector car values is to look around and see what other people have paid for vehicles in similar condition. High fuel prices have shrunk the market for autos with gas-guzzling V-8 engines, and the guide books might not have kept up with the declining values. The Red Book could prove useful if you want to know how much your old rig is worth. When you are in a car crash and your car is simply damaged, the insurance company typically handles costs of repairs.
Mr. Gold learned of some garage owners who were building another 1955 hardtop into a race car so he went there to see it. Extensive modifications were nearly underway when Mr. Gold’s inspection of it showed it to be in better condition than the car he originally planned to restore.
The unique Anniversary Gold Bel Air two-door hardtop became privately owned at some point after its days of generating publicity for GM came to an end and according to Classic Chevy World magazine’s editor, Joe Whitaker, the car was recently known to be owned by a North Carolina resident.According to him, this owner (who prefers his privacy so he will be called Mr. Gold”) owned a different 1955 hardtop he was planning to restore.
Those values won’t take into consideration your car’s diminished value – the fact that when potential buyers of your vehicle learn about your vehicle’s accident history, they’re going to offer you a lot less than what they would be willing to pay for a similar vehicle without an accident history.
Obviously, this can be a bit subjective and can be one of the reasons different Dealers make different trade-in offers for the same vehicle (price gouging by a Dealer is another reason, of course.. give you a good price on a car purchase and a bad one on the trade).