Check Valuation Guides
Check Valuation Guides
There are many car valuation guides to use for most modern makes and models of vehicles. Kelley Blue Book and NADAguides are two popular options to see what a vehicle is worth in your local area.
These guides create estimates based on the make, model, year, mileage and condition of your vehicle. They’re localized guides, so the estimated value changes from region to region. For modern vehicles, they’re highly reliable due to the vast amount of data collected to create the estimates.
Unfortunately, these guides don’t take modifications into account. Some modifications add a lot of value to a vehicle, while others may have cost more than their resale value. Start with a general guide, then use the remaining custom car valuation tips in this guide to alter your asking price.
Review the Appraisal Classifications
Review the Appraisal Classifications
The condition of your car can affect its value, particularly if it’s a modified car. Modern vehicle values are affected by the mileage, physical condition, and any maintenance issues, but custom cars need to be appraised based on more specialized conditions. In order to find out the value of your personalized vehicle, consider which of these appraisal categorizations best fits:
- Excellent: These cars are exhibition-ready. Whether custom or restored with OEM parts, this category of custom vehicles is worth more than any other.
- Fine: Most vehicles in this category are well maintained but may have aftermarket parts rather than all original ones.
- Very good: These custom vehicles may have a few maintenance issues or signs of wear, but overall are still ready for the open road or a car show.
- Good: Your vehicle may be in this category if you’ve done some modifications and restoration tasks but haven’t completed the job. Most modified rides in this category are still roadworthy, but some need more work.
- Restorable: A restorable car isn’t destined for the scrapyard, but it’s not ready for the open road or a car show. These vehicles have a sturdy frame and a few usable components but need some serious work.
- Parts car: If there are serious issues with your vehicle, then it may be time for the scrap yard. Parts cars may have been fully functional at one time, but now they’re only worth the value of a few remaining parts.
These categories can be similar in some situations, so not every buyer will agree with your estimation. Be sure to clearly list the reasons you feel your car is in excellent, fine, good, or other condition levels in your listing. This will help you connect with the right buyers.
Factor in Your Custom Additions
Factor in Your Custom Additions
Appraising a vintage car is relatively straightforward using these classifications, but it can become more complicated as you factor in the cost of your custom components. Lift kits, bodywork, engine tune-ups, and other modifications are a significant investment, so you understandably want to get some of the value back from these impressive upgrades.
Keep in mind that you may not receive the full value of an add-on. As you continue to modify your vehicle, you make it more personalized and specialized. This shrinks the number of buyers interested in paying full price for your custom vehicle.
Thankfully, online listing services allow you to connect with motivated buyers from around the country. There may not be as many buyers in your local area interested in your fully customized ride, but other buyers may be interested in traveling to make an offer on your vehicle. Explore ways to list your vehicle to a wider audience of custom car enthusiasts through an online listing platform.
Consider Maintenance Tasks
Consider Maintenance Tasks
- Oil change
- Tire replacement
- Paint touchup
- Brake pad replacement
- Interior cleaning
- Hose and belt replacement
Ask for a Second Opinion
Ask for a Second Opinion
Compare Local Custom Car Prices
Compare Local Custom Car Prices