Auto Transport Tips: On Shipping Classic Cars
Most of the time, when you buy a vehicle you are not buying it to invest in it – as soon as your vehicle is driven off the lot, be it new or used, that vehicle is going to depreciate in value, and usually it’ll lose more value if it’s a more expensive car – on average, a vehicle loses 11% of its value the moment you leave a lot. That means that if you buy a brand-new car for $40,000, it’s going to depreciate in value by over $4,000 dollars the moment you leave the lot, and that’s a pretty steep drop-off in terms of price. Most new car buyers can expect 60% of the total value of their vehicle to depreciate over a five-year span, with 15-25% of the vehicle’s value depreciating each year. Every vehicle will depreciate in value, particularly if it’s a brand-new car and you start putting the miles on it.
Then again, some cars appreciate in value – in other words, they start becoming more expensive, usually years after they are discontinued or the model has been upgraded/changed/replaced by the manufacturer. Let’s take a look at a vehicle like a Corvette – classic, been around forever, lots of different iterations. While Corvettes are an expensive car even brand-new, there are also plenty of ‘Vettes out there that weren’t properly taken care of or that just weren’t as popular as others. A 1969 Corvette ZR-1 is a $1.4 million car, but a 1975 C3 Coupe – a car built just six years later – is worth about $10,000 – that’s a full zero less, mind you. But why?
Well, the ZR-1 is almost a racecar; at over 500 horsepower the ’69 ZR-1 was about as powerful a Corvette as they’ve made ,while the 1975 C3 Coupe was your basic Corvette that most any Joe Schmo back then could afford. When looking for auto transport services to ship a classic car, understanding how much it’s worth is important because it’s going to affect your shipping services and what exactly you’re looking to get and what you’re looking to spend on shipping it. With classic cars, the more expensive the vehicle is, the more likely it is that the best way to ship it would be an enclosed auto transport truck, as expensive classic cars are not ones that you want to see with a huge scratch in the driver’s side door because of some rock that got kicked up into the bed of the transport truck while it was on the highway.
Let’s make one thing clear: unless your vehicle is approaching the six-figure mark (or already hit it), chances are open shipping services are going to be just fine. Most shippers of classic cars are worried about damage during transport, which to be fair is quite rare when shipping a vehicle but the concern is not only understandable but also justifiable – though 95% of vehicles shipped arrive at their destination without any damage, that other 5% is pretty scary, and no one wants to risk it. That said, if your vehicle is either still depreciating in value or it is holding its value at the moment, open transport will likely be just fine; vehicles with lower values tend to be cheaper and easier to repair, which is usually going to save you money over the cost of an enclosed carrier anyway.
If you’re interested in shipping a classic vehicle, make sure to take a minute to fill out our free online auto transport quote request form. When you do, you’ll have the option to get either open or enclosed auto transport quotes emailed to you from top-rated auto shippers; they can give you more information about shipping a classic vehicle and what you can expect when you start looking at different companies to handle transportation. Whether it’s a car that needs some TLC or a classic that’s in pristine shape, we can help you get free, secure quotes from companies that understand how important a vehicle is to its owner. They’ll each prepare their own quote for you and, once you have them, you can compare their prices and services to find the right shipper for your needs. If you still have questions or concerns, or need some help getting your free quotes, give us a call at 800-930-7417 to speak to one of our live agents today.