LONDON – Access to the internet has made the world smaller. This is a good thing for collectors who can now look in more places to find things that they desire. Classic cars are one of the hot collection items that have become more accessible through technological advances.
Some people are still hesitant to make major purchases online. They worry that the product they order will not be what they receive. They fear being deceived and losing their hard-earned money. Here are some things to consider before purchasing a classic car online.
Private Sale vs. Business
Whether you choose to conduct a private transaction with another individual or use a service online is entirely up to you. There are, however, a few things that can influence the decision. If someone is selling their classic car privately and you’ve been unable to find that one elsewhere, you may choose to engage in this transaction. If your safety is important to you, you might be willing to pay slightly more to have the sale processed through a reputable agency.
When you go through a business rather than a private sale, you don’t have to worry as much about not seeing the car in person. You’ll also be able to read reviews about the business to determine if they are reliable and trustworthy. You won’t have that luxury with a private sale.
How will you have your car delivered to you? Enclosed auto transport is the best way to protect your newly acquired asset. There are a few options for transporting your vehicle. One would be on a traditional truck as you see delivering cars to dealerships on major roadways. This is likely the most cost-effective method.
By adding a soft-side enclosure, a canvas is added to the transport truck to protect your vehicle from the elements. While it may collect a little dust from the road, it won’t be subjected to rain, snow, rocks, and whatever else the journey may throw its way. A hard-side enclosed carrier is the safest method of transportation for your classic car. This large metal box is designed for the utmost protection and stability for your investment.
Condition classes are designated to help you determine the quality of a vehicle without being able to see it for yourself. Conditions rank from Number 1 Condition to Number 6 Condition or perfect to parts car, respectively. Many online dealers will have this information included in the sales posting.
If you’re buying privately, the best way to get this information is to have the vehicle appraised before buying. A serious seller may even have it done in advance. If you are required to pay for it, consider the positives: a couple hundred dollars in appraisal fees is substantially cheaper than paying full price for a dud.
If there’s money involved, you can count on someone trying to take it dishonestly. One way to protect yourself from a scam is to adhere to the adage: if it sounds too good to be true, it probably is. If you find your dream car for a ridiculously low price, stay away. Know the value of a classic car before you begin your search so you know what to look for. If someone recommends an escrow service for the sale, be cautious. It may be a way for them to get you to transfer money to a fictional business.
Having proper documentation, such as an inspection report, transaction agreement, and bill of sale will be your greatest shields against scammers. If the seller has extremely broken English or is unable to answer your questions succinctly, they are likely a scammer. References and online searches are your friends during this process.
Critical thinking, adhering to the steps, and doing your research will help you land the car of your dreams.